Mana Transport complex sold
A Wellington private investor has bought the Mana Transport complex at Broken Hill Rd, Porirua, for $1,075,000, at a yield of 10.6 per cent after outgoings.
The half- hectare property, which includes a 1777- square metre building, is leased to the Auckland-owned transport company for six years.
Tommy’s commercial general manager, Chris Gollins, said there was good interest, with competitive tenders being received.
The property’s rating value was $1.1m.