Colliers International has concluded a string of commercial property sales from Queenstown to Whangaparaoa at prices ranging from $849,250 for a commercial development site in Mt Maunganui to $2.54 million for an office floor in Hamilton.
Yields ranged from 4.5% for an office/showroom in Tauranga (pictured) to 7.2% for an office/warehouse unit in Queenstown.
See below for the full details of recent sales by Colliers:
- Units 5 & 6, 70 Glenda Drive, Queenstown. A 600 square metre office/warehouse on two separate titles. Sold for $1.3 million providing a yield of 7.2%. The agents were Mark Simpson, Mary-Jo Hudson, Rory O’Donnell and Alistair Wood.
- 115 Third Ave, Tauranga. A 950 square metre office/warehouse on a 2500 square metre site, leased to a car dealership. Sold for $2.2 million providing a yield of 5.4%. The agents were Simon Clark and Rob Schoeser.
- 104 & 106 Cameron Rd, Tauranga. A 510 square office/showroom on a 975 square metre site, with Sharp Corporation and Tauranga City Council as tenants. Sold for $1.8 million providing a yield of 4.5%. The agents were Simon Clark and Duncan Woodhouse.
- 130 Grantham St, Hamilton. A third level office space of 1078 square metres, with tenants that include Vodafone, Ministry of Health and Crowe Horwath. Sold for $2.54 million. The agents were Alan Pracy and Justin Oliver.
- 53 Te Okuroa Drive, Papamoa. A vacant 3397 square metre, commercially zoned section. Sold for $849,250. The agents were Rich Davidson and Duncan Woodhouse.
- 59 Keeling Rd, Henderson. A 1121 square metre office/warehouse on a 5566 square metre site. Sold for $1.68 million. The agents were Chris Upright and Dhiru Patel.
- 85-89 Brightside Rd, Stanmore Bay, Whangaparaoa. A 4014 square metre development site. Sold for $2.25 million. The agents were Ellie Martin and Euan Stratton.
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