10 properties sold under the hammer out of 16 on offer on Wednesday at Bayleys’ third Auckland Total Property auction of the year.
Central North Island
Bayleys agents have reported 13 sales from the Hauraki district down to Taupo, including 6 at Mt Maunganui & Tauranga.
A Browns Bay beachfront property (pictured) was sold at Colliers’ auction yesterday at a 4% yield on passing rent (one vacancy), 4.6% on potential. It has 12 tenants in 3 buildings running through from Clyde Rd to the beachfront reserve. The one other property to sell under the hammer, in Hamilton’s cbd, sold at a […]
Ministers turned down Shanghai Pengxin’s application to buy Lochinver Station “because the benefits to New Zealand are not substantial & identifiable”. Buyer & seller were bewildered by this apparent change in stance.
Quest Serviced Apartments (NZ) Ltd will add a new property to its portfolio on Friday when Quest Taupo opens.
One property, in Taupo, sold at Colliers International’s commercial auction today, but negotiations were continuing on the other 3.