10 properties sold under the hammer out of 16 on offer on Wednesday at Bayleys’ third Auckland Total Property auction of the year.
Central North Island
Yields track downward in 13 sales south of the Bombays
Bayleys agents have reported 13 sales from the Hauraki district down to Taupo, including 6 at Mt Maunganui & Tauranga.
Browns Bay property leads sales at Colliers auction
A Browns Bay beachfront property (pictured) was sold at Colliers’ auction yesterday at a 4% yield on passing rent (one vacancy), 4.6% on potential. It has 12 tenants in 3 buildings running through from Clyde Rd to the beachfront reserve. The one other property to sell under the hammer, in Hamilton’s cbd, sold at a […]
Parties bewildered as ministers reject Pengxin purchase of Lochinver
Ministers turned down Shanghai Pengxin’s application to buy Lochinver Station “because the benefits to New Zealand are not substantial & identifiable”. Buyer & seller were bewildered by this apparent change in stance.
Quest opens in Taupo on Friday
Quest Serviced Apartments (NZ) Ltd will add a new property to its portfolio on Friday when Quest Taupo opens.
Fletcher centre in Taupo sells
One property, in Taupo, sold at Colliers International’s commercial auction today, but negotiations were continuing on the other 3.
