Published 25 May 2009
Round 2 for the week of Bayleys Real Estate’s tally of recent sales transactions covers the North Island south of the Bombays, and Christchurch. This section of the report covers sales in Gisborne:
Gisborne, 342 Gladstone Rd, 2683m2 Carters building supply depot on 8920m2 of fringe commercial land, sold for $3.1 million at an 8.5% yield; 9-year lease to Carter Holt Harvey Ltd from August 2007, with fixed annual rental increases of 3%. (David Gubb, Bayleys Auckland; David Brown, Bayleys Gisborne)
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Attribution: Bayleys release, story written by Bob Dey for the Bob Dey Property Report.