Broadway office & retail building sells

Barfoot & Thompson Commercial agents based in Takapuna have sold a Newmarket Broadway building on a 6.46% yield.

Isthmus east

Newmarket

131-151 Broadway:
Features: 2408m² site, 4734.67m² net lettable area, fully tenanted 5-level retail & office building, adjacent to Rialto, 87 parking spaces
Rent: $1,801,127/year net + gst
Outcome: sold in November for $27.9 million at a 6.46% yield
Agents: Elaine Tutty & Bruce Jiao

Attribution: Agency release.

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