10 properties sold under the hammer out of 16 on offer on Wednesday at Bayleys’ third Auckland Total Property auction of the year.
Bayleys sold 8 properties for $16.6 million at its first Total Property commercial auction for the year on Wednesday (one of those shortly post-auction), out of 14 on offer.
Bayleys agents have sold a Freemans Bay building at a sub-5% yield and 2 properties in Glen Eden & New Lynn (a former petrol station, now car yard, pictured above) for yields around 5.5%.
4 of the 7 Auckland commercial properties offered at Bayleys’ second Total Property auction of the year on Wednesday sold under the hammer, and another commercial property sold the previous day at an East Tamaki auction. 3 properties were passed in.
All 4 apartments & suburban units taken to auction by Bayleys last week were passed in. A car workshop in the Wairau Valley was also passed in.
A Drake St building (pictured), above the Victoria Park Market, which has gone through 2 conversions is one of 3 city fringe buildings sold by Bayleys agents, 2 of them on sub-5% yields. A retail & residential building across the road from Grafton Bridge & Auckland Hospital and a renovated building in Remuera’s Upland Village […]