Mana Trans­port com­plex sold

Kapi-Mana News - - NEWS -

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.

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