Barfoot & Thompson Commercial agents have sold a retail property with 6 tenants in the Owairaka shopping centre, but a vacant commercial property on Waiheke Island, taken to auction on Wednesday, was passed in.
Hauraki Gulf islands
Waiheke Island, Ostend
28 Erua Rd:
Features: 809m² corner site zoned commercial 5, current layout has 4 separate but interlinked work bays, each with its own roller door access
Outcome: passed in at $460,000
Agent: Grant Kavali
204 Richardson Rd:
Features: 840m² site, 505.76m² building, 6 tenants – 4 shops & 2 licence agreements – in the 24-shop Owairaka Shopping Centre, frontage to both Stoddard & Richardson Rds
Rent: $152,625/year net
Outcome: sold for $2.3 million at a 6.64% yield
Agents: John Stringer & Dave Palmer
Attribution: Auction, agent release.