A half-hectare East Tamaki property sold in November 2016 for $560/m² has been resold at $820/m² – a 46% gain in 29 months for a site that’s advanced from bus depot to car sales yard.
Bayleys agents have sold 3 industrial properties in East Tamaki, Mt Wellington & Wiri, and secured a long-term lease to EBOS Group Ltd on a new warehouse developed by Auckland International Airport Ltd in its Landing business park.
Savills agents have leased an Ascot Rd warehouse in the Airport Oaks precinct of Mangere.
Commercial Realty Ltd agents have completed 4 $50,000-plus industrial property sales & 6 leases in the 3 months November-January.
The Goodman Property Trust has conditionally bought an industrial property in Mangere for $29 million.
An Ellerslie fruit & vege store has been sold a month post-auction. Bayleys agents have also sold 4 property in industrial zones in Mangere, Onehunga & Otara, and a vacant shop in Favona.