The net yields on the latest commercial properties sold by Colliers International ranged from 5.26% for a 501 square metre office/warehouse in New Lynn to, 8.5% for for a 590 square metre commercial/retail building at Paraparaumu on the Kapiti Coast.
Prices ranged from $800,000 for a retail unit off Durham Lane in Auckland’s CBD, to $7.58 million for a Bunnings Trade Centre outlet in the Avondale industrial precinct.
See below for full sales details from Colliers this week:
Other Recent Sales by Colliers International in Auckland and Wellington:
- 11 Kodex Place, Paraparaumu. A 390 square metre office building. Sold for $1.035 million, providing a yield of 7.54%. The agent was Dean Anderson.
- 23-27 Milne Drive, Paraparaumu. A 590 square metre office/retail building. Sold for $1.035 million, providing a yield of 8.5%. The agent was Dean Anderson.
- 494A Rosebank Rd, Avondale. A 7981 square metre Bunnings Trade Centre on a 1.6 hectare site, leased to Bunnings for 10 years. Sold for $7.58 million providing a yield of 6.45%. The agents were Jason Seymore, John Green and Greg Goldfinch.
- Unit 1C/55-57 High St, Auckland. A 221 square metre retail premises locate doff Durham lane. Sold for $800,000. The agents were Jasmine Yao and Roger Seaville.
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