Rosedale unit sold at auction brought forward

Bayleys agents on the North Shore have sold a Rosedale retail centre unit at an auction brought forward from 5 December, a Rosedale office unit and a Wairau Valley industrial unit, and have leased a Rosedale shop.

North-east

Sales

Rosedale

101 Apollo Drive, unit D:
Features: 120m² office unit, 4 parking spaces
Outcome: sold vacant in November for $640,000 + gst
Agents: Tonia Robertson & Jane McKee

Rosedale Retail Centre, 96 Rosedale Rd, unit 2:
Features: 90m² retail, shared parking
Rent: $45,000/year net + gst + outgoings, increasing to $47,000 on 2 January, leased renewed to May 2022 with further 3-year right of renewal
Outcome: sold for $900,000 + gst at a 5% yield (5.2% on new rent), $10,000/m², at auction brought forward from 5 December Total Property auction list
Agents: Eddie Zhong, Steven Liu & Meng He

Wairau Valley

12 Ashfield Rd, unit A:
Features: 780m² industrial unit – warehouse 450m², office 330m², 12 parking spaces
Rent: $89,000/year net + gst
Outcome: sold in November for $1.62 million + gst at a 5.5% yield
Agents: Chris White & Ranjan Unka

Lease

Rosedale

51 William Pickering Drive, ground floor, unit 9:
Features: 60m² shop, parking space
Rent: leased in November for $25,000/year net + gst
Agents: Terry Kim & Steven Liu

Attribution: Company release.

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