A Henderson bulk retail property occupied by The Appliance Shed & Warehouse Stationery was among 3 recent sales in West Auckland by Bayleys agents.
48 Rosebank Rd:
Features: 1877m² town centre-zoned site, 32.5m height overlay; 1611m² 2-level character building, seismic assessment of 79% of new building standard
Outcome: sold with vacant possession for $3.3 million at $2048/m² land & building
Agents: Damien Bullick & Alan Haydock
44 Bancroft Crescent:
Features: 4892m² corner site in established industrial precinct
Outcome: sold for $1.7 million at $347.50m²
Agents: Mike Adams & Dave Stanley
28 Catherine St:
Features: 4497m² site with metropolitan centre zoning, 2427m² bulk retail premises occupied by The Appliance Shed & Warehouse Stationery since 2007 and on recently renewed leases, 59 parking spaces
Rent: $500,145/year net + gst
Outcome: sold for $7.58 million at a 6.6% yield
Agents: James Valintine, Sunil Bhana & Mike Houlker
Attribution: Agency release.