The Otaika Shopping Centre in Whangarei (pictured) has been sold in Bayleys’ Total Property auction series, and a Bank St building in the centre of the city has also been sold.
Bermac Property Ltd has completed 10 leases from Whangarei to Blenheim this year, 6 of them around Auckland.
Colliers agents have sold 2 Caltex service stations to investors, a workshop & storage units at Mt Maunganui have been sold and a local developer has acquired a car showroom in Hamilton.
9 of the 16 properties auctioned in Bayleys 7th Total Property portfolio for the year were sold under the hammer on Wednesday or shortly after. In Wellington, all 3 properties in the Total Property offering yesterday were sold. Another in Whakatane was also sold.
Bayleys had a strong performance at its Total Property auction on Wednesday, selling 14 of the 23 properties on offer, including 4 of the 5 retail outlets in the new Grange development on the southern fringe of Warkworth.
Bayleys made it over a 50% clearance rate today from its commercial auction yesterday, with 2 post-auction sales and a couple more expected.