Just under half of the properties on offer found new owners at Bayleys' latest commercial property auction

This building in Otahuhu sold for $985,000.

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of the 45 properties selling under the hammer or shortly afterwards and the remaining 23 being passed in, postponed or withdrawn from sale.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.

If you would like to have Interest.co.nz’s auction results automatically sent to your email inbox, you can subscribe to our free Property Newsletter. It’s an easy way to stay up to date with both residential and commercial auction results, changes in mortgage interest rates and all of our property-related news. The newsletter is free, your details remain confidential and you can unsubscribe at any time.

You can sign up here.

If you are interested in buying commercial property, interest.co.nz’s commercial property database link has details of nearly 6,000 commercial properties that are listed for sale throughout the country.

To search the database, click on the property tab at the top of this page and then click on “Commercial properties for sale” from the drop down menu, or you can click on the link below:

You can find almost all commercial property for sale in our comprehensive nationwide listings which are searchable across any major type.
Find this free resource here.