An East Tamaki warehouse unit was sold at Bayleys’ auction last week, but a Courtville apartment opposite the High Court and a Half Moon Bay townhouse were passed in.
Bayleys agents have sold a 3.5ha light industrial site at Hobsonville, 3 adjoining industrial units in East Tamaki to one buyer and a cross-leased industrial property in Wiri.
2 light industrial properties were passed in at Barfoot & Thompson Commercial auctions this week, at land prices illustrating how acute the supply of industrial land around Auckland has become.
A half-hectare East Tamaki property sold in November 2016 for $560/m² has been resold at $820/m² – a 46% gain in 29 months for a site that’s advanced from bus depot to car sales yard.
A Central Otago property bought for syndication as an orchard is among 8 April sales by Colliers.
Bayleys agents have sold 3 industrial properties in East Tamaki, Mt Wellington & Wiri, and secured a long-term lease to EBOS Group Ltd on a new warehouse developed by Auckland International Airport Ltd in its Landing business park.