43 Wilkinson Rd, Ellerslie.

Corrected: Ellerslie development site & Freemans Bay apartments site sell

Corrected 13 April 2017:
A development site on the Ellerslie side of the Ellerslie-Panmure motorway roundabout (pictured) has been sold by Colliers agents at $880/m², and a site in Freemans Bay has been sold with consent for 29 apartments in place. The size of the Hargreaves St site and an agent’s name have been corrected.

Isthmus east


43 Wilkinson Rd:
Features: 4547m² commercial development site, consent in place for an office development comprising over 6000m² of lettable floor space plus 140 parking spaces
Outcome: sold for $4 million, at $880/m²
Agents: Gareth Fraser, Kris Ongley & Charlie Oscroft

Isthmus west

Freemans Bay

Corrected: 25 Hargreaves St:
Features: 1219m² mixed use site with consent for 29 apartments, 4 retail units & 33 parking spaces
Rent: $241,341.27/year + gst net current from several tenants, vacant possession available with 6 months’ notice
Outcome: sold for $5.4 million + gst
Agents: Kris Ongley (Colliers) & Scott Kirk (Bayleys)

South of the Bombays

Manawatu – Palmerston North

433-441 Rangitikei St:
Features: 1.32ha heavy industrial site, floor area 2727m²
Rent: holding income $305,000/year
Outcome: sold for $2.8 million
Agents: Grant Lloyd, Phil Nevill & Doug Russell

Attribution: Agency release.

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One Response to Corrected: Ellerslie development site & Freemans Bay apartments site sell

  1. Adam Wednesday 12 April 2017 at 8.14pm #

    You don’t often see a 10.9% holding income!

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