Published 30 October 2016, corrected 31 October 2016:
Bayleys agents on the North Shore have concluded 2 sales on William Pickering Drive, a resthome sale in Napier and an office lease in Takapuna.
The sale price on one of those William Pickering properties, No 5, was incorrect and is corrected below.
Correction: 5 William Pickering Drive:
Features: 3575m² industrial site, 1001m² building
Outcome: sold vacant in October for $3.5 million + gst (originally given as $4.03 million + gst)
Agents: Ashton Geissler & Matt Mimmack
27-29 William Pickering Drive, unit D3:
Features: 225m² roadfront corner first-floor office unit, 6 exclusive parking spaces, new 3-year lease to Strata Networks Ltd
Rent: $62,490/year net + gst
Outgoings: rates $5662/year including gst; body corp levy $3489/year, opex $38/m²
Outcome: passed in on $850,000 vendor bid at 21 September auction, sold in October for $907,000 + gst at 6.9% yield, $4031/m²
Agents: Ryan Dannhauser & Dean Gilbert-Smith
South of the Bombays
Greenmeadows, 5 Lannie Place:
Features: 1518m² site, 614m² resthome occupied by Waverley Aged Care Ltd, 7+ parking spaces
Rent: $100,000/year net
Outcome: sold for $1.612 million + gst at a 6.2% yield
Agents: Terry Kim & Daniel Moffitt (Napier)
51 Hurstmere Rd, unit 3A:
Features: 247m² office, 2 parking spaces
Rent: leased in October for $78,056/year net + gst, parking $50/space/week, net excluding parking $72,856/year, premises rental $295/m²
Agents: Alex Strever & Dean Gilbert-Smith
Attribution: Agency release.