Bayleys agents have sold 2 combined industrial units in East Tamaki and a mix of office & retail on a Manurewa site.
23 Springs Rd, units 4 & 5:
Features: 2 industrial units, 859m² combined floor area, high-stud warehousing, showroom, offices, parking, A+ seismic rating
Rent: holding income of $134,372/year net + gst
Outcome: sold for $1.9 million at a 7.07% yield
Agents: Phil Haydock, Nelson Raines & James Hill
154-164 Great South Rd:
Features: 580m² combined office & retail over 2 buildings, newly signed lease to laundromat in one building, barber, blind store & professional services in second 2-storey building
Rent: 6 tenancies returning $148,151/year net + gst
Outcome: sold for $1.8 million at an 8.23% yield
Agents: Tony Chaudhary, Janak Darji & Peter Migounoff
Attribution: Agency release.