A former church in Orakei, a commercial unit in the new SOMA apartment building and a block of 6 shops in the New Lynn town centre have been sold by Bayleys agents.
152 Kepa Rd:
Features: 1615m² site zoned mixed use, 546m² commercial premises, existing buildings erected around 1957 previously used as St James Anglican church plus adjoining 211m² church hall, 27m street frontage to Kepa Rd, 34m rear boundary, 15 parking spaces, vacant possession
Agents: Mike Adams, Jean-Paul Smit
SOMA, 10-12 Mackelvie St, unit G01:
Features: 253m² ground-floor commercial unit in the new SOMA apartment building, in line of 4 beneath 38 apartments, leased to architectural & planning business for 7 years from September, fixed rental increases of 3%/year
Outcome: sold for $1.765 million at a 6.17% yield
Agents: Stephen Scott & Kate Kirby
3078-3088 Great North Rd:
Features: 1189m² site zoned metropolitan centre, 790m² single-level retail, 6 tenancies between 100-120m² including national restaurants Sal’s Pizza & Domino’s, additional access via rear service lane, seismic assessment 67% of new building standard, 17 parking spaces
Rent: $249,049/year + gst
Outcome: sold for $4.6 million at a 5.4% yield
Agents: Tony Chaudhary, Amy Weng, Janak Darji & Damien Bullick
Attribution: Agency release.