Colliers commercial property sales provided investors with net yields of 5.66% to 9%

The Sydenham Rugby League clubrooms in Christchurch sold for $900,000.

The Sydenham Rugby League clubrooms in Christchurch was one of the more unusual properties recently sold by Colliers International.

The 700 square metre clubrooms on Colombo St were built in the 1960s but had suffered earthquake damage and were offered for sale on an “as is, where is” basis.

They were purchased for $900,000 by The Well Church which plans to refurbish the building and convert it into a church.

Until now the church has been holding its services in a local school.

Other sales recently completed by Colliers ranged from a strata office suite in a heritage building in Auckland’s CBD, to a vacant site in Queenstown that was already consented for a hotel development.

See below for full details of Colliers recent sales:

Further recent sales by Colliers International:

  • 14a Polaris Place, East Tamaki. A 1,028 Square metre office/warehouse has been sold for $1.66 million, providing a yield of 9%. The agents were  Jolyon Thomson, Greg Goldfinch and Paul Higgins. 
  • 3 Ra Ora Drive, East Tamaki. A 1,105 Square metre office/warehouse on a 2,000 Square metre, freehold site has sold for $2.2 million, at yield of 5.75%.  The agents were Jolyon Thomson and Paul Higgins.
  • 12 Earl Richardson Ave, Wiri. Two commercial units comprising 1,694 square metres, have been sold for $2.23 million, providing a yield of 7.2%. The agents were Ash Vincent and Jolyon Thomson.
  • 364 Colombo Street, Christchurch. The 700 square metre Sydenham Rugby League clubrooms. Sold for $900,000. The agents were Courtney Doig and Paul Vining. The premise is to be converted into a community church.
  • 130 Frankton Rd, Queenstown. A 1.23ha freehold site has been sold for $3.2 million. The agents were Steve McIsaac. The lake view property has resource consent for a hotel.
  • 6B Argus Place, Wairau Valley, North Shore. A 385 square metre industrial unit was sold at auction for $890,000. It was producing net rental income of $50,400 a year, providing a yield 5.66% The agents were Mike Ryan and Janet Marshall.

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