2 industrial units, a Takapuna multi-residential property & a vacant Torbay restaurant have been sold by Bayleys North Shore agents.
One of the industrial units, in the North Harbour Industrial Estate, has been refurbished and the other is in a more modern complex in the small Stanmore Bay enclave on the Whangaparaoa Peninsula.
The Torbay restaurant premises, the only business-zoned property on the Torbay/Waiake beachfront, sold in December 2016 for $1.8 million and has been sold in 2020 for $1.75 million.
8 Piermark Drive, unit C:
Features: vacant 296m² refurbished unit in the North Harbour Industrial Estate – 110m² offices on 2 levels, 185m² high stud warehouse, 6 parking spaces
Outcome: sold for $1.035 million
Agents: Laurie Burt & Richard Moors
Tuatara Court, 7 Karaka St:
Features: 921m² site zoned mixed housing urban, 3 titles sold together, 4 dwellings totalling 240m²; 90m² southern site comprises 2-bedroom dwelling, 2 parking spaces; 50m² western site comprises 2-bedroom dwelling, 1 parking space; 100m² eastern site comprises 2-bedroom dwelling, 1-bedroom cottage, 2 parking spaces, flats leased on periodic terms to 4 tenants
Rent: $107,640/year gross + gst
Outcome: sold for $3.33 million at 3.23% gross rental yield
Agents: Michael Nees & Sam Yeung
934 Beach Rd, unit 1:
Features: vacant 1/3 share of 1072m² beachfront site in neighbourhood centre zone, 150m² commercial premises previously used as restaurant
Outcome: sold for $1.75 million
Agents: Michael Nees, Tony Chaudhary & Amy Weng
Whangaparaoa – Stanmore Bay
15 Karepiro Drive, unit 9A:
Features: vacant 90m² north-facing commercial unit in modern complex built in 2008, off arterial Whangaparaoa Rd, 80+ shared parking spaces
Outcome: sold for $425,000
Agents: Oscar Kuang, Michael Need & Dylan Turner
Attribution: Agency release.