Ray White Commercial agents have sold a Blockhouse Bay property on a yield just over 4%, a day after offers closed under a set date of sale process.
5 of the 14 properties were sold at Bayleys’ Total Property commercial auction on Wednesday and 5 attracted no bid. At the agency’s Tauranga auction, all 3 properties were sold under the hammer.
The Blockhouse Bay Countdown supermarket has been sold to a private investor through a Colliers tender at a 5.17% yield.
A 1950s weatherboard house in Blockhouse Bay was sold for $1 million at Bayleys’ residential auction on Wednesday – just short of the $1.05 million which Quotable Value said this week was the current average value of residential properties in the Auckland region. Also at the Wednesday auction, one apartment was sold prior and another was passed in.
JLL agents have sold 11 commercial properties around Auckland and one in Palmerston North.
In a mixed offering of 5 intensive residential properties at Bayleys’ auction yesterday – 3 cbd & suburban apartments (one leasehold), a suburban townhouse and a villa on a cross-lease – 2 of the apartments were sold under the hammer.