The 45ha site of the former Marsden B power station at Ruakaka in Northland has been sold for $8.5 million.
A medical centre in Penrose attracted strong bidding at Colliers’ commercial auction yesterday, but a Lovegrove Crescent, Otara, property with development space was passed in.
Bayleys agents have sold 7 properties around South Auckland, down as far as Waiuku, where the vacant ex-New World supermarket has been sold.
18 commercial properties were sold under the hammer out of 30 taken to auction in Bayleys’ Greater Auckland portfolio on Wednesday.
The first property up for sale at NAI Harcourts’ auction at the Royal NZ Yacht Squadron yesterday, an Otara shop with office space above, was sold under the hammer at a 4.5% yield, but that was the end of the good run as the remaining 8 properties were passed in.
5 of the 6 retail & business units in a new development at 151 Lincoln Rd, Henderson, were passed in at a Barfoot & Thompson Commercial auction today.