The first property scheduled for Bayleys’ fourth Total Property auction series for the year was sold yesterday at an auction brought forward from 28 July.
The warehouse & office unit in Wiri was sold at the declared reserve.
8B Earl Richardson Avenue:
Features: 300m², warehouse & office unit, established tenant United Printing 2015 Ltd has rights of renewal until 2029
Rent: $50,000/year +gst + outgoings
Outcome: sold at declared reserve of $1.075 million, at a 4.65% yield
Agents: Josh Smith, Tony Chaudhary & Tom Davison
Attribution: Agency release.