Bayleys agents have sold a refurbished Penrose showroom at a 5.1% yield, and 2 warehouses in Grey Lynn & East Tamaki.
772 Great South Rd:
Features: 724m² refurbished office & showroom, 20 stacked parking spaces up ramp, 4 parking spaces at front, leased until August 2026 with no right of renewal
Rent: $120,000/year net + gst
Outcome: sold for $2.34 million at a 5.13% yield
Agents: James Were, Scott Kirk & James Valintine
26A Crummer Rd:
Features: 321m² refurbished office, 162m² warehouse or carparking, vacant possession
Outcome: sold for $1.825 million
Agents: James Were & Scott Kirk
24C & 24D Sir William Avenue:
Features: 829m², 2 2-level units, warehouse & office space, parking adjacent
Outcome: sold for $2.25 million
Agents: Ryan McColl & Nelson Raines
Attribution: Agency release.