Bayleys agents in Christchurch have sold a Hornby warehouse and a Rolleston childcare centre.
1 Prairie Place:
Features: 1480m² industrial site, vacant 536m² office/warehouse; 327m² drive-through warehouse, 2-container-height roller doors, 209m² offices & amenities, 484m² secure yard
Outcome: sold for $940,000
Agents: Nick O’Styke & Harry Peeters
325 Dunns Crossing Rd:
Features: 4921m² commercial site, 680m² childcare centre constructed in 2017 & licensed for 130 children, leased for 10 years from April 2019
Outcome: sold for $4.7 million at a 6.04% yield
Agents: Stewart White, Alex White & Murray Madgwick
Attribution: Agency release.