The net yields achieved on properties sold at Bayleys latest commercial property auction ranged from 7.84% for a two level office building at Papatoetoe, to 4.28% for a retail premises in St Heliers Bay, although most were in the 5% to 6% range.
Another property to achieve a net yield below 5% for its new owners was a 1845 square metre warehouse/office building on a 3826 square metre site in Onehunga (pictured at right), which sold for $2.8 million providing a net yield of 4.79%.
The most expensive sale at the auction was a two level retail/office building at Browns Bay which sold for $5.212 million providing a net yield of 5.13%, and the cheapest was a retail premises in Manurewa that sold for $620,000, providing a net yield of 7.59%.
See below for the full results of Bayleys latest commercial property auction, which details and photos of all properties including those that didn’t sell.
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