Colliers agents have sold a heavy industrial property in Otahuhu.
5 of the 8 properties auctioned in Bayleys’ Total Property 5 auction in Auckland today sold under the hammer, and a sixth sold a couple of hours later at a hefty premium above the last bid.
The 68-unit Allenby Park hotel complex in Papatoetoe (pictured above) has been sold as a freehold going concern, one of 4 recent commercial sales in South Auckland by Bayleys.
The Goodman Property Trust has announced 2 new industrial projects for its Savill Link industrial estate & Highbrook Business Park in Auckland totalling $54.1 million, including $14.6 million for land value allocation.
Bayleys agents have completed 5 industrial sales around the east of the Auckland isthmus and in Mangere.
Bayleys agents have completed 3 commercial building sales in 3 southern suburbs – Otahuhu, Otara & Papatoetoe.