A light industrial building in New Lynn was sold on a 5.8% yield at Bayleys’ auction today. A Nexus apartment in Grey Lynn was sold, and one in Aero, Parnell, was passed in.
9 apartments were sold under the hammer out of 20 offered at Ray White City Apartments’ auction in Auckland today.
A 1-bedroom unit in the 90-year-old Gummer & Ford-designed Mayfair apartments in Parnell sold on the second offer from the sole bidder at City Sales’ auction today.
In 2 Barfoot & Thompson city office auction sessions on Wednesday offering a total 35 residential properties, 13 were apartments, townhouses or flats and 4 of those were sold.
Bayleys sold 7 of the 11 properties taken to auction on Wednesday, in its third Total Property campaign of the year. Another property was sold prior and 2 were withdrawn from the auction.
A beachfront Milford apartment and another in Parnell were sold at Bayleys auctions in April.