2 Taupo commercial properties, one in the town centre and the other in the Ashwood business park, have been sold by Bayleys on 5.3% yields.
In Tokoroa, a part-vacant commercial property has been sold.
South of the Bombays
Ashwood Business Park, 116 Claret Ash Drive:
Features: 878m² site zoned industrial environment, 316m² 2-level mixed use premises built in 2018, reception, offices, workshop plus amenities, concrete yard, new 5-year lease to Landmark Homes
Rent: $45,000/year net + gst
Outcome: $840,000 at a 5.36% yield
Agents: Gary Harwood & Lisa Christensen
10-16 Horomatangi St:
Features: 1004m² town centre site zoned pedestrian, 820m² single-level retail block, 4 streetfront retail tenants including Hallenstein Brothers & 2degrees, 1 rear tenancy accessed via service lane, 7 parking spaces
Rent: $214,908/year net + gst
Outcome: sold for $4.05 million at a 5.31% yield
Agent: Gary Harwood
213 Rosebery St:
Features: 444m² site, 404m² single-level commercial premises, 2 separate tenancies; café plus vacant 280m² office/retail, B grade seismic assessment
Rent: potential $38,000/year net + gst
Outcome: sold for $415,000
Agents: Ryan Bradley & Brendon Bradley
Attribution: Agency release.