The Glen Innes building occupied by dance studio Raw Dance was sold at Colliers’ auction yesterday on a 5.5% yield.
250-252 Taniwha St:
Features: 258m² site, 395m² floor area on 2 levels, home to dance studio Raw Dance since 2006, A grade seismic rating, 2 parking spaces, next to railway station
Rent: $82,700/year net + gst on 3-year lease term from 31 January, final expiry of lease January 2025
Outcome: sold for $1.5 million, at a 5.5% yield
Agents: Simon Child, Shoneet Chand & Gareth Fraser
Attribution: Auction documents.