A 2-year-old building in the Tauriko business estate 10km south-west of central Tauranga, designed for honey manufacturing, has been sold at auction by Ray White Commercial at a 4.45% yield.
Bay of Plenty
3 warehouses in Tauranga & the Grenada business Park in Wellington, and a retail unit in Petone were sold at Bayleys’ Total Property auctions last week.
Bayleys sold 7 properties in the Waikato, Bay of Plenty & Wellington last week in its third Total Property auction series for the year.
Bayleys agents in the Bay of Plenty have sold 4 commercial properties – 2 warehouses, a retail building & a service station – and 2 kiwifruit orchards.
Bayleys has sold 8 properties south of the Bombays for a total $10.4 million in its second Total Property commercial campaign for the year.
Colliers sold 2 Tauranga properties & one at the Tauriko industrial estate (pictured) at auction in February, and a fourth pre-auction.