The Glen Innes building occupied by dance studio Raw Dance was sold at Colliers’ auction yesterday on a 5.5% yield.
Auckland Council’s planning committee agreed last week to remedy the council’s failure to consult the public over plans for reserves in the Tamaki regeneration area.
Auckland Council’s planning committee will consider a proposal tomorrow to rezone open space, primarily arising from land exchanges under the Tamaki regeneration project and under Panuku Development Auckland’s land disposal & rationalisation process.
A Penrose property occupied by a panelbeater has been sold by Bayleys agents on a 4.9% yield. It was previously sold in December 2014 for $1.23 million at a 7.52% yield. Another 4 properties around Auckland’s southern suburbs were sold vacant.
Amid the noise over a decline in residential sales, it’s important to establish where that’s happening and in what types of market.
The Point England Development Enabling Bill became law on Wednesday after a 7-month jaunt through the parliamentary process, enabling the Government to complete a Treaty of Waitangi settlement with Ngati Paoa.