Commercial premises in the new Millwater Central, old Silverdale Villlage & at Rosedale have been sold by Bayleys agents.
175 Millwater Parkway, unit 21:
Features: 107m² commercial unit in the Millwater Central retail hub, multiple entry points, shared parking, new 6-year lease to Millwater Dental Ltd
Rent: $36,995/year net + gst
Outcome: sold for $782,250 at a 4.73% yield
Agents: Tony Chaudhary, Amy Weng & Henry Napier
45 William Pickering Drive, unit 8:
Features: 357m² 2-level commercial premises – 109m² first floor consented for residential use, 119m² ground floor/showroom plus 128m² high stud warehouse, 7 parking spaces, vacant
Outcome: sold for $1.32 million
Agents: Laurie Burt & Nicky Joyce
3 Silverdale St:
Features: 602m² site zoned town centre – 265m² roadfront commercial premises, rear access, rear parking leased to 4 hospitality tenants; Floosie, Hello Darling and Lush Hair have exercised their last right of renewal, Hilo Home Cookery is leased for 2 years to December 2020 plus 3 2-year rights of renewal
Rent: $89,534/year net + gst
Outcome: sold for $1.45 million at a 6.18% yield
Agents: Dylan Turner & Terry Kim
Attribution: Agency release.