Archive | Taranaki

7 commercial sales around North Island

Bayleys agents have sold 7 commercial properties around the North Island – in Levin, Napier, New Plymouth, Petone & Upper Hutt.

South of the Bombays

Hawke’s Bay

Napier

56 Corunna Bay:
Features: 669m² site zoned suburban industrial, 290m² live/work premises comprising 100m² workshop & office, street frontage, 3-bedroom residence at rear
Outcome: sold vacant for $590,000
Agents: Sam MacDonald & Jack Lee

36 Faraday St:
Features: 1.4518ha development site on Napier Hill with industrial/commercial usage rights; McWilliams Winery manufacturing site for many years, about 7000mof mostly large industrial sheds, some leased & some empty
Outcome: sold for $646,000 to an existing tenant intending to develop the site
Agent: Gary Wise

Horowhenua

Levin

6 Liverpool St:
Features: 1264m² site, 609m² purpose-built community corrections facility, seismic assessment 100% of new building standard, 11 parking spaces, new 12-year lease to Department of Corrections
Rent: $168,805/year net + gst
Outcome: sold for $2.617 million at a 6.45% yield
Agents: Fraser Press, Stephen Lange & Bede Blatchford

Taranaki

New Plymouth

4 Egmont St, units 6-9:
Features: 2025m² fitness centre in u-shaped cbd retail complex with large central carpark; occupied by City Fitness since 2007 with substantial tenant investment in fitout
Rent: $339,318/year net + gst
Outcome: sold for $3.8 million at an 8.93% yield
Agents: Mike Houlker, Sunil Bhana, Iain Taylor & Alan Johnston

Bell Block

153 & 157 De Havilland Drive, 6-8, 7, 9 & 10 Dakota Place:
Features: 1.7595ha of industrial land in 7 titles, variety of mostly warehouse/workshop buildings
Outcome: sold with vacant possession for $1.575 million
Agents: Iain Taylor & Alan Johnston

Wellington

Petone

20-24 Hautonga St:
Features: 6070m² site, 3000m² high stud warehouse with drivethrough access & dual frontage; fully fenced 2025m² yard
Outcome: sold with vacant possession for $3.915 million
Agent: Richard Faisandier

Upper Hutt

5 Thomas Neal Crescent, lot 32:
Features: 1380m² of industrial land
Outcome: sold for $300,000 at $217/m2
Agents: Christian Taylor & Ethan Hourigan

Attribution: Agency release.

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5 commercial & industrial sales in Auckland & south of Bombays

Colliers agents have sold 4 properties around Auckland, 2 at auction, and another 5 in the Bay of Plenty, Hawke’s Bay & Taranaki.

CBD

Uptown

5-7 Galatos St:
Features: 706m² site zoned business – city centre, allowing development to 30m high, 712.9m² building, headquarters of social enterprise Eat My Lunch Ltd, 100m from soon-to-be-constructed Karangahape city rail link station
Rent: $189,950/year net + gst, 8-year lease from 2016, 2 rights of renewal
Outcome: sold at auction brought forward for $4.35 million + gst, at a 4.37% yield
Agents: Shoneet Chand & Jonathan Lynch

Isthmus east

Newmarket

5 Broadway:
Features: 819m² site, 770m² commercial building
Outcome: sold for $6.75 million at a 4.4% yield
Agents: David Burley & Adam White

Isthmus west

Westmere

127-131 West End Rd:
Features: 741m² site zoned neighbourhood centre, redevelopment potential, 200m² floor area, 3 retail tenancies, rear parking
Rent: $45,620/year net + gst + opex
Outcome: sold at auction for $3 million + gst, at a 1.52% yield
Agents: Kris Ongley, Jonathan Lynch & Leroy Wolland

South

Half Moon Bay

490 Pakuranga Rd:
Features: 350m² retail block, 4 tenancies ranging from 70-130m²
Outcome: sold for $2.9 million + gst, at a 5.74% yield
Agents: Gawan Bakshi & Matthew Barnes

South of the Bombays

Bay of Plenty

Tauranga – Judea

19-25 Montgomery Rd:
Features: 3381m² industrial site in 3 titles, 2024m² net lettable area, high stud warehousing
Rent: $179,013/year net + gst
Outcome: sold for $2.85 million + gst, at a 6.28% yield
Agents: Rich Davidson & Rob Schoeser

Hawke’s Bay

Hastings – Twyford

1137 Omahu Rd:
Features: 15,568m² site zoned general industrial, redevelopment site containing a lifestyle block with a 240m² house, 448m² steel portal shed, 112m² canopy
Outcome: sold for $1.8 million + gst
Agents: Rob Nankervis & Hadley Brown

1424C Omahu Rd, unit 1:
Features: 3742m² industrial property, 1640m² 7m-stud warehouse & office, 1400m² sealed yard
Rent: $152,600/year net + gst, with 3-month break clause
Outcome: sold for $1.8 million + gst, at an 8.48% yield
Agent: Rob Nankervis

Napier

Whakatu industrial park, 50 Johnston Way:
Features: 11,130m² industrial property, single-storey specialist processing facility
Rent: $251,286/year net + gst from multiple tenants
Outcome: sold for $2,479,800 + gst, at a 10.1% yield
Agent: Rob Nankervis

Taranaki

New Plymouth – Bell Block

87 Corbett Rd:
Features: 6689m² site, 725m² building – warehouse 457m², office 268m² on ground floor & mezzanine, 3000m² subdivisible yard, 19 parking spaces
Rent: market assessment $102,500/year net + gst
Outcome: sold vacant for $1.375 million + gst
Agent: Benet Carroll

Attribution: Agency release & agent documents.

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10 more sales around North Island out of auction series

Published & updated 24 September 2018
Bayleys has added 10 sales in New Plymouth (pictured), the Waikato & Wellington to its Total Property 6 auction success rate.

Update: The Tirau sale price has been entered.

South of the Bombays

Taranaki

New Plymouth

241 Devon St West:
Features: 2092mcorner site, 609mbuilding, category B seismic assessment, has been a liquor outlet for over 20 years; occupied by Liquor King on 5-year lease from June 2016, 3-yearly market rent reviews, 5 3-year rights of renewal
Rent: $64,500/year net + gst
Outcome: sold for $1.175 million + gst at a 5.49% yield
Agents: Alan Johnston & Iain Taylor

Waikato

Hamilton – Frankton

54 Greenwood St:
Features: 485m2 site on State Highway 1 with development potential, 22m2 industrial premises, one-year lease to Corys Electrical Ltd
Rent: $32,400/year net + gst
Outcome: sold for $472,500 at a 6.86% yield
Agents: Alex ten Hove & Mike Swanson

Ngahinapouri

446 O’Regan Rd:
Features: 4.4967ha site, established blueberry business & 3ha orchard plus processing packhouse, icecream & berry retail outlet, additional support buildings & 4-bedroom 204m2 house
Outcome: sold as freehold going concern for $1.95 million
Agents: Josh Smith & Scott Macdonald

Tirau

42-46 Main Rd:
Features: Unit-titled 140m2 converted dwelling on State Highway 1 opposite Sheep & Dog i-site, home to café business for nearly 20 years, lease recently renewed for 2 years
Rent: $24,192/year net + gst
Outcome: sold for $418,000 at a 5.79% yield
Agents: Rebecca Bruce & Jason Kong

Wellington

Naenae

12 Gregory St:
Features: 2088mindustrial site, recently refurbished 791m2 warehouse plus 126m2 office & 126mmezzanine, seismic assessment 70% of new building standard, 1171mrear yard used for storage; leased to Ke Kelit (NZ) Ltd for 5 years from August 2017, 3%/year rental increases & 2 4-year rights of renewal
Rent: $123,000/year net + gst
Outcome: sold for $1.691 million + gst at a 7.27% yield
Agents: Fraser Press & Christian Taylor

Petone

11 Gear St:
Features: 400msite, 336mworkshop/warehouse, 58m2 mezzanine built in 2004, longstanding automotive tenant has new 5-year lease plus 2 3-year rights of renewal
Rent: $75,000/year gross + gst
Outcome: sold for $1.15 million + gst at a 5.51% net yield
Agent: Richard Faisandier

209 Jackson St:
Features: 209msite, 177m2-level building, classified as earthquake-prone, ground floor retail, 3-bedroom flat above
Outcome: sold vacant for $420,000 + gst
Agents: Paul Cudby & Andrew Smith

Wainuiomata

15 Queen St:
Features: 292msite, 237.5m2 corner retail building, seismic assessment 67% of new building standard, formerly occupied by ANZ, now vacant except for long-term ATM lease for $3,500/year
Outcome: sold for $401,000 + gst
Agents: Paul Cudby & Ethan Hourigan

8 Wainuiomata Rd:
Features: 1512m2 site, 170mstandalone building, 21 parking spaces & redevelopment potential; national tenant Credit Union Baywide (NZCU) has exercised final 3-year right of renewal
Rent: $32,000/year net + gst
Outcome: sold for $690,000 + gst at a 4.64% yield
Agents: Ethan Hourigan & Johnny Curtis

Wingate

80-82 Eastern Hutt Rd, units 18 & 20:
Features: 286mdouble-unit office building, 9 parking spaces, in 20-unit business park
Rent: estimated potential gross income $30,000/year + gst
Outcome: sold on behalf of liquidator with vacant possession for $176,500 + gst
Agents: Ethan Hourigan, Bhakti Mistry & Fraser Press

Attribution: Agency release.

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7 sales around North Island

Published 5 September 2018
4 Hastings building and others in Waipukurau, Palmerston North & New Plymouth (pictured) have been sold in Bayleys’ latest round of sales around the North Island.

South of the Bombays

Hawke’s Bay

Hastings

402 Avenue Rd:
Features: 1012m² site, 320m² workshop, roller door access, seismic assessment 75% of new building standard
Outcome: sold vacant for $520,000 + gst
Agent: Jake Smith

1010 Heretaunga St West:
Features: 842m² site, dual access, 350m² single-level retail building
Outcome: sold vacant for $280,000 + gst
Agents: Daniel Moffitt & Jake Smith

301-303 Queen St East:
Features: 1286msite with twin street frontage, 1016m2  2-level office building, 550m² first floor vacant, 10+ parking spaces
Rent: $85,000/year net + gst from ground-floor lease
Outcome: sold for $1.7 million + gst
Agents: Rollo Vavasour & Jake Smith

27 Railway Rd:
Features: 1.3844ha zoned main industrial, 6994m² high stud warehouse, onsite bore with substantial water take consent
Outcome: sold with vacant possession for $2.835 million + gst
Agent: Paul Garland

Waipukurau

2322 State Highway 2:
Features: 1.45ha site with development potential, 1409m² modern high stud warehouse, 6-year lease, 4 4-year rights of renewal
Rent: $86,556/year net
Outcome: sold for $900,000 + gst at a 9.62% yield
Agents: Rollo Vavasour & Andy Hunter

Manawatu

Palmerston North

208 John F Kennedy Drive:
Features: 6077m² site, arterial road frontage, 2500m² building constructed in 1980, former head office & call centre of Ezibuy, seismic assessment 68% of new building standard, 66 parking spaces
Outcome: sold vacant by overseas owner to owner-occupier for $2.222 million + gst
Agents: Ed Donald & Dave Looney

Taranaki

New Plymouth – Bell Block

141-145 Connett Rd East:
Features: Purpose-built trucking depot comprising 3 adjoining sites totalling 3.14ha, middle site has 3 warehouses totalling 4845m², balance of the land used for truck parking & storage, new 10-year lease to Symons Transport Ltd
Rent: $613,288/year net + gst, 2% annual increases
Outcome: sold for $7.55 million  + gst at an 8.1% yield
Agents: Mike Houlker, Sunil Bhana, Alan Johnston & Iain Taylor

Attribution: Agency release.

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Summerset buys site for second New Plymouth village

Summerset Group Holdings Ltd has bought 8.1ha 7km from New Plymouth’s cbd for its second retirement village in the city.

The property in Pohutukawa Place, Waiwhakaiho, is near the Fitzroy & Ngamotu golf clubs & Fitzroy Beach.

Summerset chief executive Julian Cook said today the site had sea views & an outlook to Mt Taranaki: “We’ve had huge demand for homes at our existing New Plymouth village, and I expect this village with its great views will be just as popular with people who want to experience a coastal Summerset lifestyle.”

The village will offer a retirement community with about 300 homes, including 2- & 3-bedroom villas and serviced & memory care apartments. A care centre will provide resthome & hospital-level care.

The memory care apartments will be Summerset’s first in New Plymouth. They will offer people living with dementia their own one-bedroom apartment with living space & bathroom in a secure environment.

Summerset’s first New Plymouth village has over 200 residents in independent homes & a care centre.

“The new village will help to provide for the expected 37% increase in people aged over 75 in the New Plymouth area within the next decade,” Mr Cook said.

Amenities will include communal vegetable gardens, a bowling green, library & café. It’s also expected to provide up to 50 full-time-equivalent jobs.

Mr Cook said Summerset was on track to build 450 retirement units nationally this year. This purchase takes its greenfield sites to 8.

Attribution: Company release.

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9 commercial properties sell at auction series down country

Bayleys agents have sold a North Canterbury retail complex (pictured) and 8 North Island properties south of the Bombay Hills in the agency’s Total Property 4 auction series over the last 10 days.

5 of the 6 properties auctioned in Wellington were sold.

South Island

Canterbury

Rangiora

216-222 High St & 2 Durham St:
Features: 1194m² corner site in 4 titles, 605m² retail complex, substantial offstreet parking, 3 national tenants all on multiple 2- & 3-year renewal terms
Rent: $122,829/year net + gst
Outcome: sold for $1.99 million at 6.17% yield
Agents: Stewart White, Alex White & Chris Frank

South of the Bombays

Bay of Plenty

Kawerau

11 Spencer Avenue:
Features: 3915m² site, 1688m² of high stud warehousing, offices & amenities; provisioned for dangerous goods storage and set up to service Kawerau’s engineering & fabrication requirements since the 1980s
Outcome: sold with vacant possession for $615,000
Agents: Lloyd Davidson, Rhys Mischefski & Laura Taylor

Rotorua

18 Victoria St:
Features: 607m² site, 1960s 2-storey block of 4 residential units totalling 398m² – 3 2-bedroom units on periodic tenancies currently returning total of $925/week gross, 3-bedroom ground-floor unit occupied by owner
Outcome: sold for $1.1 million
Agents: Mark Slade & Brei Gudsell

Horowhenua

Levin

213 Oxford St:
Features: 999m² site in main road retail precinct, 1400m² commercial building strengthened to 80% of new building standard, 2 streetfront retail premises occupied by the Bank of NZ on 10-year lease until September 2021 plus 3 3-year rights of renewal, and Postie Plus on 3-year lease until March 2020, plus small monthly tenancy at rear
Rent: $131,605/year net + gst
Outcome: sold for $1.634 million at an 8.05% yield
Agents: Stephen Lange & James Higgie

Taranaki

New Plymouth

137 Devon St East:
Features: 490m² cbd site, 805m² commercial building with category A seismic rating, access to 7 basement parking spaces; occupied by New Plymouth’s Cash Converters franchise on 8-year lease from October 2015 plus 3 4-year rights of renewal
Rent: $80,197/year net + gst
Outcome: sold for $1.2 million at a 6.68% yield, exactly the same price & yield it sold for in late 2016
Agents: Alan Johnston & Iain Taylor

Wellington

Kapiti Coast – Waikanae

16 Omahi St:
Features: 542m² site, 327m² warehouse which can be split into 2 units, seismic assessment 70% of new building standard; 6 parking spaces
Outcome: sold vacant for $595,000 at $1700/m² land & building
Agent: Richard Faisandier

Lower Hutt

6 Aglionby St:
Features: 502m² high stud warehouse, storage & office building constructed in the mid-1990s, seismic assessment 85% of new building standard, 7 parking spaces; 5-year lease from this month to multinational Huber Group NZ Ltd, one 5-year right of renewal
Rent: $69,500year net + gst
Outcome: sold for $1.18 million at a 5.89% yield
Agents: Andrew Smith & Paul Cudby

Naenae

12 Horlor St:
Features: 406m² site, 350m² industrial building, roller door access from rear service lane to clearspan medium stud warehouse, showroom/office at front, 5 parking spaces
Income assessment: estimated potential rental income $39,000/year net + gst
Outcome: sold vacant for $500,000 at $1430/m² land & building
Agents: Andrew Smith & Paul Cudby

Ngaio

33 Kaiwharawhara Rd, unit 5C:
Features: 96m² ground floor office unit suitable for range of uses, 3 parking spaces at front door
Outcome: sold with vacant possession for $359,000 at $3740/m²
Agent: James Higgie

Attribution: Agency release.

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4 provincial sales

Bayleys agents have sold 4 provincial commercial properties – in Napier, New Plymouth & Whanganui.

South of the Bombays

Hawke’s Bay

Napier

102-106 Taradale Rd:
Features: 4019m² corner site, 1700m² bulk retail building, national tenants Mico Plumbing & Bike Barn on mixed-term leases
Rent:
Outcome: sold for $3.15 million at a 6.98% yield
Agents: Sam MacDonald & Gary Wise

Taranaki

Bell Block

8 Auster Place:
Features: 3608m² security-fenced industrial site
Outcome: sold for $271,000 at $75/m²
Agents: Alan Johnston & Iain Taylor

New Plymouth

690-694 Devon Rd:
Features: 9266m² industrial site, 2026m² high stud warehouse alongside an older medium stud warehouse with offices & amenities, short-term tenancies
Outcome: sold for $2.3 million
Agents: Mike Adams, Iain Taylor & Alan Johnston

Whanganui

202 Victoria Avenue:
Features: 195m² AA Centre built in 2014
Rent: $64,787/year net + gst, 6-year lease term, CPI reviews
Outcome: sold for $1.04 million at a 6.23% yield
Agents: Karl Cameron & Bede Blatchford

Attribution: Agency release.

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6 sales south of Bombays, 3 in Christchurch development in Total Property auction series

6 properties south of Auckland were sold last week in Bayleys’ Total Property 7 auction series down the North Island.

In Christchurch, 3 units in a 17-unit development by Latitude Group Ltd (Ken Wimsett & Callum Baker) were sold in the Total Property auction. The developer envisaged uses would range from retail, office, hospitality & commercial services to trade supplies.

South of the Bombays

Bay of Plenty

Mt Maunganui

314 Maunganui Rd, units E & F:
Features: 2 adjoining office units totalling 223m², on the ground floor of Custom House commercial complex in high profile corner position; Bayleys’ franchisee Success Realty Ltd has occupied for past 10 years & renewed for further 10 years from October 2017, with 2 5-year rights of renewal
Rent: $99,668/year net + gst
Outcome: sold for $2.22 million at a 4.49% yield
Agents: Brendon & Lynn Bradley

Hawke’s Bay

Havelock North

2A Lindsay St:
Features: 472m² site, 195m² single-storey commercial building, seismic assessment 75% of new building standard, 5 parking spaces; occupied by hair stylist on 12-year lease from September 2016 following completion of building extension for a beauty clinic division
Rent: $45,751/year net + gst
Outcome: sold for $815,000 at a 5.61% yield
Agent: Jacob Smith

Taranaki

New Plymouth, Bell Block

29-37 Paraite Rd:
Features: 1.084ha site, dual access, 2182m² industrial building including 621m² of canopies; international oil & gas company has occupied the site since 2012 on 7-year lease with 3 one-year rights of renewal
Rent: $199,112/year net + gst
Outcome: sold for $2.6 million at a 7.66% yield
Agents: Alan Johnston & Iain Taylor

Wellington

Gracefield

21-29 Bell Rd South, unit 6:
Features: 475m² tilt slab industrial unit built in 2008 and occupied since then by Fletcher Building subsidiary Foreman Commercial Interiors Ltd, current lease until June 2020 & no renewal right; 217m² high-stud warehousing plus 258m² of offices over 2 levels, 8 parking space
Rent: $70,400/year net + gst
Outcome: sold for $1.04 million at a 6.77% yield
Agent: Richard Faisandier

Petone

216 Jackson St:
Features: 227m² site, 313m² 2-level mixed-use building, ground-floor 138m² dairy, rear access to courtyard, 175m² 3-bedroom character apartment above completely refurbished in 2009
Outcome: sold for $1.1 million at a 5.5% yield on periodic tenancies
Agents: Andrew Smith & Paul Cudby

30-32 Waione St:
Features: 1568m² corner redevelopment site zoned general business, in 2 titles, 3 street frontages; 625m² of industrial buildings, large yard area at rear
Rent: holding income $91,650/year gross + gst until 30 April 2018
Outcome: sold for $1.4 million
Agents: Andrew Smith & Richard Faisandier

South Island

Canterbury

Ferrymead

987 Ferry Rd, unit 2:
Features: 158m² unit, 4 parking spaces on own titles in retail complex opened last year; 10-year lease to law firm Saunders & Co plus 3 5-year rights of renewal
Rent: $58,455/year net + gst
Outcome: sold for $1.028 million at a 5.69% yield
Agents: Blair Young & Mitchell Wallace

Unit 6:
Features: 292m² unit, 7 parking spaces; 2 tenancies, one with a 10-year lease to Moroccan restaurant & the other with a 6-year lease to Bayleys’ Canterbury franchisee Whalan & Partners Ltd, both with further renewal rights
Rent: $122,798/year net + gst
Outcome: sold for $1.935 million at a 6.35% yield
Agents: Blair Young & Mitchell Wallace

Unit 10: 
Features: 209.5 unit, 6 parking spaces; ANZ Bank has done an extensive fitout and has a 6-year lease from July 2016, with 3 3-year rights or renewal, 3-yearly market rent reviews plus annual CPI-indexed increases
Rent: $71,332/year net + gst
Outcome: sold for $1.3 million at a 5.48% yield
Agents: Blair Young & Mitchell Wallace

Attribution: Agency release.

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6 Taranaki & Wellington buildings sell

3 New Plymouth properties and 3 in Petone (pictured above) & Porirua were sold last week as Bayleys’ Total Property auctions headed down country.

The 2 sales on Devon St, New Plymouth were at the same price but on very different yields – one of them home to a building with a low seismic rating.

South of the Bombays

Taranaki

New Plymouth

79-87 Devon St East:
Features: 1969m² cbd landholding in 2 titles with frontage also to Gill St; 2-level 2990m² character building, low seismic rating, 5 retail & office tenants
Rent: $225,456/year net + gst
Outcome: sold for $1.2 million
Agents: Alan Johnston & Iain Taylor

137 Devon St East:
Features: 490m² cbd site, 805m² recently refurbished building, 7 basement parking spaces, 8-year lease to franchisee of Cash Converters from October 2015
Rent: $80,000/year net + gst
Outcome: sold for $1.2 million at a 6.67% yield
Agents: Alan Johnston & Iain Taylor

16 Hobson St:
Features: 502m² business B-zoned redevelopment site in cbd fringe, 6-month redevelopment clause in lease, converted dwelling occupied by accounting practice
Rent: $29,724/year net + gst holding income
Outcome: sold for $585,000 at $1165.3/m²
Agents: Alan Johnston & Iain Taylor

Wellington

Petone

220 Jackson St:
Features: 2 retail units totalling 227m² occupied by women’s fashion retailers on ground floor of George Apartments building constructed in 2003, character façade and seismic assessment of 100% of new building standard
Rent: $54,921/year net + gst
Outcome: sold for $830,000 at a 6.62% yield
Agents: Paul Cudby & Andrew Smith

220 Jackson St, apartment 4:
Features: 100m², fully furnished 2-bedroom apartment in George Apartments building, parking space, has been returning $750/week
Outcome: sold vacant for $500,000
Agents: Paul Cudby & Andrew Smith

Porirua

2B Raiha St, Porirua.

2B Raiha St, Porirua.

2B Raiha St:
Features: 3056m² industrial site, 844m² 4-bay warehouse, 2 levels of offices & amenities, surplus land to develop
Outcome: sold vacant for $1.5 million
Agents: Jon Pottinger & Fraser Press

Attribution: Agency release.

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Total Property sales in New Plymouth & Tauranga

2 properties in New Plymouth & Tauranga have been sold in Bayleys’ Total Property auction series last week.

South of the Bombays

Bay of Plenty

Tauranga

Gate Pa, 2 Tebbs Lane:
Features: 1414m² site in business park, 696m² office premises built for Ministry of Social Development in 2103, 9-year lease to October 2022 with 2 3-year rights of renewal
Rent: $179,900/year net + gst
Outcome: sold for $2.7 million at a 6.66% yield
Agents: Brendon & Lynn Bradley & Mathew Gibbard

Taranaki

New Plymouth

Bell Block, 55-63 Corbett Rd:
Features: 1.214ha industrial-zoned site, 2 tenancies, anchor tenant Bunnings operates a trade store on the roadfront and exercised  a final 3-year right of renewal last September, a scrap metal business is at the rear of the property on a 2-year lease
Rent: $129,000/year net + gst
Outcome: sold to an Auckland investor for $1.66 million at a 7.77% yield
Agents: Iain Taylor & Alan Johnston

Attribution: Agency release.

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