Bayleys had a 49% clearance rate at their latest commercial property auction, with 22 of the 45 properties selling under the hammer or shortly afterwards and the remaining 23 being passed in, postponed or withdrawn from sale.
Among the highlights were a shop on Great North Road at Avondale that sold for $530,000, achieving a yield of 4.98%, a childcare centre in Grey Lynn that sold for $4.155 million providing a yield of 4.58%, and a two level building in Otahuhu with retail premises downstairs and two flats upstairs that sold for $985,000 providing a yield of 4.26%.
See below for the full results, with photos and details of all properties, including those that didn’t sell.
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