Commercial properties sold at Bayleys auction provided their new owners with net yields of 4.28% to 7.84%

The Onehunga warehouse/office building sold for $2.8 million at net yield of 4.79%.

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.

Our free Property email newsletter brings you all the stories about residential and commercial property and the forces that move these huge markets. Sign up here.

To subscribe to our Property newsletter, enter your email address here. It’s free.