NAI Harcourts has sold 3 commercial properties at auction this month, 2 in the Rosedale area on the North Shore and one in Kelston.
9A Beatrice Tinsley Crescent:
Features: 408m² unit
Outcome: sold to an investor for $1.355 million
Agents: Mike Fotu & Andrew Bruce
5C Piermark Drive:
Features: 339m² unit
Rent: $55,700/year net + gst
Outcome: sold for $1.01 million at a 5.5% yield
Agents: Mike Fotu & Marty Van Barneveld
34 Cartwright Rd:
Features: 2092m² site, 948m² unit
Rent: $80,217/year net + gst
Outcome: sold to an investor for $1.33 million at a 6% yield
Agents: Marty Van Barneveld & Andrew Bruce
Attribution: Agency release.