Published 11 December 2005
Bayleys Real Estate has sold 38 properties for more than $40 million in a series of Total Property auctions around the country.
CBD, unit A, corner Hobson & Wolfe Sts, 195mÂ² retail unit occupied by the Pickle Bar, sold for $405,000 at 7.9% yield. A new 7-year lease is in place at $32,500/year. (Michael Grainger & Dave Bernard, Bayleys Auckland Central).
CBD, Unit B, corner Hobson & Wolfe Sts, 111mÂ² retail unit occupied by a hair salon, sold for $305,000 at 7.4% yield on a new 3-year lease. (Michael Grainger & Dave Bernard, Bayleys Auckland Central).
CBD, 53 Hobson St, 193mÂ² vacant site with plans for a 14-storey accommodation building, passed in with no bid. (Quinn Ngo & James Chan Bayleys Auckland Central).