The former Bellbird Tavern in Manurewa has been sold by Bayleys agents as a development site, with consent for apartments.
In Papakura, a small retain unit has been sold on a 5.4% yield.
7 McAnnalley St:
Features: 5107m² development site, resource consent for 121 apartments in terraced housing & apartment buildings zone, on corner of Great South Rd – 1041m² ex-Bellbird Tavern & liquor store plus 2-level house, vacant
Outcome: sold for $4.52 million
Agents: Dave Stanley, Tony Chaudhary & Janak Darji
439 Roscommon Rd, unit 3:
Features: 97m² retail unit in 5-unit complex, corner of Robert Ross Place, leased to Crown Liquor for 4 years to May 2020 plus 4 4-year rights of renewal, shared parking
Rent: $43,201/year net + gst
Outcome: sold for $800,000 at a 5.4% yield
Agents: Matt Lee, Quinn Ngo, Piyush Kumar, Amy Weng, Janak Darji & Tony Chaudhary
Attribution: Agency release.