2 Waikato properties in Bayleys’ Total Property 3 portfolio, and another in Huntly, were sold at auction in Hamilton last Thursday.
An Orewa property auctioned in the Total Property 2 portfolio on 1 June has also been sold post-auction.
8 Moana Avenue, unit G:
Features: 140m² retail unit in Westpac Plaza, option to split into 2 tenancies
Outcome: passed in at $290,000 at auction on 1 June, sold vacant to an owner-occupier for $350,000
Agent: Mustan Bagasra
South of Bombays – Waikato
384 Tristram St (pictured):
Features: 1533m² site on major intersection opposite Waikato Stadium, 2-storey 667m² commercial building, longstanding national tenant Pet Doctors has renewed for another 8 years from October 2016
Rent: $169,363/year net + gst
Outcome: sold for $2.835 million at a 6.1% yield
Agents: Mike Swanson & Jason Kong
121 Hakanoa St:
Features: 210m² building, streetfront retail space anchored by Hakanoa Superette, 50m² vacant & fitted out for a fish & chip shop; residential accommodation at rear occupied by superette operators as part of their lease
Rent: shop $12,588/year net + gst, house $11,819/year
Outcome: sold for $402,000
Agent: Josh Smith
3-9 Campbell St:
Features: 3036m² site, 3 buildings totalling 1407m² occupied by national retailers Corys Electrical & Mico Plumbing & a local automotive business
Rent: $117,280/year net + gst
Outcome: sold for $1.44 million at an 8.1% yield
Agents: Andrew Shaw & Brendon Bradley
Attribution: Agency release.