Strong yields were a feature as 14 of the 27 properties taken to auction in Bayleys’ final Total Property portfolio for the year were sold under the hammer on Wednesday.
In a mix of 12 flats, a leasehold apartment and a number of cross-leased properties at Barfoot & Thompson’s residential auction last Wednesday, 5 sales were recorded under the hammer and one post-auction, 5 were passed in and one was withdrawn.
4 of the 7 apartments auctioned at City Sales yesterday were sold under the hammer.
3 commercial properties – including an office suite in the old NZI building on Shortland St – were sold under the hammer at Colliers International’s auction yesterday.
2 properties passed in at Bayleys’ Greater Auckland auction 4 weeks ago have been sold. Also sold, 3 weeks after being passed in at auction, were 4 units in an East Tamaki block.
Bayleys secured sales on 11 properties out of 16 taken to auction in its Greater Auckland portfolio yesterday.