Porana Rd retail unit sells

A retail unit in the Wairau Valley on the North Shore was sold at Bayleys’ auction on Wednesday.

North-east

Wairau Valley

65-71 Porana Rd, unit E:
Features: 133m² retail unit, new 6-year lease to Hollywood Bakery franchisee
Rent: $55,000pa + gst + opex
Outcome: sold for $1.025 million at a 5.37% yield
Agents: Adam Curtis, Damian Stephen & Steven Liu

Attribution: Agency release.

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