Both commercial properties auctioned at Colliers on Wednesday sold under the hammer.
North Harbour Industrial Estate
8G Piermark Drive (pictured):
Features: 398m² warehouse with office & amenities on 2 levels, 7 parking spaces, Two Degrees Mobile Ltd renewed its lease for 5 years from 8 May
Rent: $57,416/year net
Outcome: sold for $1.175 million at a 4.89% yield
Agents: Matt Prentice & Jimmy O’Brien
8 Grayson Avenue:
Features: 1012m² site, 779m² building – warehouse 683m², office 96m²
Outcome: sold vacant for $1.51 million
Agents: Ash Vincent, Jolyon Thomson & Gavin Bakshi
Attribution: Auction documents.