34 George St, Tuakau.

11 sales at Greater Auckland auction

Bayleys secured sales on 11 properties out of 16 taken to auction in its Greater Auckland portfolio yesterday.

One of the strongest performers was a group of 3 shops, including NZ Post, in Tuakau, nowadays over the border in the Waikato region, which sold on a yield of 5.1%.

Isthmus east

Mt Wellington

182 Marua Rd:
Features: 777m² site, near-new 609m² standalone industrial building, offered vacant
Outcome: withdrawn from auction
Agents: James Valintine & Sunil Bhana

Otahuhu

47 Huia Rd:
Features: 2592m² site, 2393m² building, redevelopment opportunity, 75% IEP rating
Rent: $102,000/year net + outgoings
Outcome: sold for $1.2 million in mortgagee sale
Agents: Nick Bayley & Dave Stanley

Royal Oak

Royal Oak Mall, 691 Manukau Rd, unit F:
Features: 188m² floor area, tenants Black Pepper and T&T Childrenswear
Rent: $74,018/year net + gst from 2 shops
Outcome: passed in
Agents: Matt Lee & James Chan

Isthmus west

Grey Lynn

29 Nixon St:
Features: 266m² mixed-use corner site with development potential, 157m² floor area
Rent: $30,000/year + gst + outgoings
Outcome: sold for $920,000
Agents: Simon Aldridge & Tony Chaudhary

Morningside

2 Gordon Rd, unit 3:
Features: high stud 137m² warehouse plus 47m² residence upstairs, onsite parking
Outcome: passed in at $700,000
Agents: Andrew Wallace & Cameron Melhuish

North-east

Dairy Flat

1740 Dairy Flat Highway, section 6:
Features: 9990m² site, current zoning general rural, zoned future urban under the proposed unitary plan, site complicated by encumbrances
Outcome: sold for $200,000
Agents: Rosemary Wakeman & Ashton Geissler

Rosedale

6 Antares Place, Rosedale.

6 Antares Place, Rosedale.

6 Antares Place:
Features: 2 levels + basement parking
Rent: $292,896/year net + gst from 2 tenancies
Outcome: sold for $4.575 million at a 6.4% yield
Agents: Marty Roestenburg & Laurie Burt

2A William Pickering Drive:
Features: 1040m² 2-storey commercial premises, 45 parking spaces
Rent: $223,548/year net + gst + outgoings from office & parking
Outcome: passed in at $2.75 million
Agents: Chris White & Tonia Robertson

Wairau Valley

39 Porana Rd:
Features: industrial
Rent: $108,825/year net + gst from 2 tenancies
Outcome: sold for $2.01 million at a 5.4% yield
Agents: Ranjan Unka & Chris White

North-west

Helensville

9 Commercial Rd:
Features: 2613m² site occupied by Fonterra subsidiary Farm Source (ex-RD1),
Rent: $117,685/year net from new 8-year lease starting this month
Outcome: sold for $1.71 million at a 6.9% yield
Agents: Mike Adams

New Lynn

3026 Great North Rd:
Features: 956m² site
Rent: $48,000/year net + gst holding income, dual access from Great North Rd & Veronica St
Outcome: sold for $1.155 million at a 4.2% yield
Agents: Kate Kirby & Laurie Bell

3029 Great North Rd, unit A:
Features: 340m² floor area, corner site, BNZ as long-term tenant on 8-year lease with further rights of renewal
Rent: $142,700/year net + gst
Outcome: sold for $2.326 million at a 6.1% yield
Agents: Tony Chaudhary & Janak Darji

South

Mangere

61 Kirkbride Rd:
Features: 8392m² site near airport, 3686m² in glasshouses
Rent: vacant
Outcome: passed in at vendor bid of $1.4 million
Agents: Anthony Barnao

65 Kirkbride Rd:
Features: 13,617m² site, 4020m² in glasshouses, shed, 3-bedroom villa, one self-contained single unit
Outcome: passed in at $2.3 million
Agents: Anthony Barnao

Pakuranga

62 Ben Lomond Crescent, corner Cascades Rd:
Features: 4049m² site, 2019m² floor area
Rent: $215,839/year net + gst from 5 established tenancies
Outcome: sold for $3.5 million at a 6.2% yield
Agents: Shane Snijder & Tony Chaudhary

Papakura

81 O’Shannessey St:
Features: 596m² site, 550m² floor area, 2 shops on one title, staff parking
Outcome: sold vacant for $680,000
Agents: Peter Migounoff & Piyush Kumar

Tuakau

34 George St:
Features: 835m² site, 336.58m² building
Rent: $41,077.57/year gross + gst from 3 tenancies
Outcome: sold for $805,000 at a 5.1% yield
Agents: Shane Snijder & Graeme Moore

Attribution: Auction.

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