Retail outlets at The Grange, on the southern entry to Warkworth, and at Wairau Junction on the North Shore have been sold by Bayleys agents. A vacant Landmark House office has also been sold.
Landmark House, 187 Queen St, unit 2A:
Features: 195m² office, including kitchenette plus shared toilets, vacant possession
Outcome: sold for $470,000
Agents: Matt Lee & Quinn Ngo
Wairau Junction, 170 Wairau Rd, unit 14:
Features: 334m² retail premises, parking, 100% NBS, shared centre car parking
Rent: $84,208/year net + gst, 8-year lease to Butcher Jacks with right of renewal
Outcome: sold for $1,363,888 at a 6.17% yield
Agents: Matt Lee, James Chan & Ranjan Unka
The Grange Retail Centre, 67 Auckland Rd, unit 5:
Features: 412m² retail unit, includes 106m² covered exterior patio in final stage of the development, shared centre parking; leased to Pets North for 6 years to 2024
Rent: $122,650/year + gst
Outcome: sold for $1.16 million at a 10.57% yield
Agents: Matt Lee, James Chan & Henry Napier
Attribution: Agency release.