A large Mt Maunganui building purpose-built for dairy hygiene & animal health support business GEA FIL and a partitioned industrial unit nearby, newly leased in September, have been sold by Bayleys.
South of the Bombays
Bay of Plenty
72 Portside Drive:
Features: 9643m² site, environmental award-winning 5008m² industrial building; solar water heating, regenerative heat pumps, stormwater catchment, purpose-built for dairy hygiene & animal health support business GEA FIL, 26 parking spaces
Rent: $731,250/year + gst
Outcome: sold for $13.55 million at a 5.4% yield
Agent: James Ross
Tawa St Business Park, 32 Tawa St, unit C18:
Features: 280m² industrial unit, partitioned to provide 3 tenancies, 3 new leases signed in September 2019
Rent: $68,000/year net + gst
Outcome: sold for $1.361 million at a 5% yield
Agent: Brendon Bradley
Attribution: Agency release.