2 North Shore light industrial properties – one beside the Northern Motorway at Rosedale and the other on the busy Wairau Rd – were sold under the hammer at Colliers’ auction in Takapuna today on yields just above 4%.
5 properties sold at Bayleys’ Total Property auction in Auckland yesterday and 6 were passed in.
Bayleys agents on the North Shore have sold a vacant unit in the Foundation neighbourhood centre at Albany and a Rosedale warehouse, and signed 4 leases at Albany, Silverdale & in the Wairau Valley.
A Wairau Junction café has been sold at the strongest yield since the development’s selldown in 2013.
Bayleys sold 7 of the 11 properties taken to auction on Wednesday, in its third Total Property campaign of the year. Another property was sold prior and 2 were withdrawn from the auction.
Colliers sold 4 commercial properties in 2 auctions on Wednesday, starting with an Eden Terrace redevelopment prospect which attracted 5 bidders.