The yields on commercial properties recently sold at auction by Colliers International ranged from 5.3% for a retail premises at Millwater near Silverdale in the north of Auckland, to 6.5% on a large industrial property in East Tamaki.
Other sales included a cafe with a flat above it (both vacant), in an older building at the Mt Roskill end of Dominion Road that sold for $890,000, and a mix of retail, office and industrial buildings located form Whangarei to Palmerston North.
See below for the full list of recent sales by Colliers:
Further recent sales by Colliers International:
- 119 Port Rd, Whangarei. A 1094 square metre industrial building on a 4047 square metre site. Sold for $2.55 million. The agents were Jimmy O’Brien of Colliers and Pete Peters of Harcourts.
- 7/42 Ormiston Rd, East Tamaki. A 590 square metre office building. Sold for $1.8 million. The agents were Jolyon Thomson and Andrew Hooper.
- 1/40 Cavendish Drive, Manukau. A 420 square metre retail premises occupied by Bike barn. Sold for $1.755 million at a yield of 5.69%. The agents were Peter Kermode, Adam White and Matt Prentice.
- 35 Poturi St, Tauranga. An 1100 square metre office/warehouse on a 2721 square metre site. Sold for $1.57 million. The agents were Simon Clark and Rob Schoeser.
- 411-415 Victoria St, Hamilton. A 280 square metre, newly refurbished retail premises on a 334 square metre site. Sold for $1.86 million, at a yield of 6.23%. The agents were Mark Brunton and Justin Oliver.
- 34A & 34B Portage Rd, New Lynn, Auckland. Two adjacent sites with a building area of 3153 square metres. Sold for $2.4 million at a yield of 7.8%. The agents were Dhiru Patel and Chris Upright.
- 427 Rangitikei St, Palmerston North. A 1930 square metre warehouse on a 5071 square metre site, Sold for $1.45 million at a yield of 8.44%. The agents were Grant Lloyd, Doug Russell and Phil Nevill.
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 listed for sale throughout the country in our comprehensive nationwide listings which are searchable across any major type.
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