Other sales below are commercial premises in Eden Terrace & industrial premises in the Wairau Valley.
31-35 Dacre St:
Features: 912m² site zoned mixed use, 1533m² 2-level commercial premises, 32.5m height overlay, 6 parking spaces; 326m² on ground floor plus 2 parking spaces leased to Kwik-N-Ezy Canopy NZ Ltd for 3 years from October 2017 plus one 3-year right of renewal & 2.5% annual rental increases upon renewal; vacant 890m² character office, 318m² ground floor warehouse/showroom with roller door access
Rent: $53,173/year net + gst part-tenanted
Outcome: sold for $5.8 million
Agents: Alan Haydock, Damien Bullick & Tonia Robertson
1-3 Argus Place:
Features: 7634m² corner site, 4872m² industrial premises previously headquarters of Bayer NZ Ltd, high stud warehousing, offices, boardroom, training rooms, cafeteria plus amenities, 101 marked parking spaces, seismic rating 90% new building standard
Outcome: sold for a confidential sum
Agents: Matt Mimmack, Laurie Burt, Ranjan Unka & Daniel Henderson
40 Saleyard St:
Features: 1.34ha site in rural production zone, 3912m² industrial premises comprising high & low-stud workrooms, 2 office levels, amenities, sealed yard, occupied since 2012 by vehicle rental business Jucy Rentals NZ Ltd, new 6-year lease from December 2019 plus 2 3-year rights of renewal
Rent: $285,000/year net + gst
Outcome: sold for $3.167 million at a 9% yield
Agents: James Were, James Hill & Tonia Robertson
Attribution: Agency release.