Marketwatch

AUCKLAND

Unit 5, 9 Orbit Dr, Mairangi Bay

A 540sqm office/warehouse has been sold for $1.16m by Mike Ryan and Euan Stratton of Colliers International. The sale price represented a yield of 5.1 per cent. 404 Great North Rd, Henderson

A commercial, two-storey 1,268sqm building on a freehold site has been sold for $1.8m by Michael Bray and Craig Smith of Colliers International. 102 Hobsonville Rd

A 6425sqm greenfield industrial development site has sold for $2.73m to a developer by Jimmy O’Brien and Mike Ryan of Colliers International. NEW PLYMOUTH Lot 21 Saltash St, Vogeltown

About 2,100sqm of industrial land sold to an owner occupier for $410,000 at $195/sqm. Sold by Alan Johnston and Iain Taylor, of Bayleys Taranaki. WANGANUI 113 Victoria Ave A 257sqm bank premises purpose built in 2010 for ASB Bank

sold for $1.7m at a 7.5 per cent yield.

The 446sqm site had six carparks and a 12-year lease term expiring October 2022. Sold by Karl Cameron and Lewis Townshend of Bayleys Manawatu. PALMERSTON NORTH 55 Malden St

A 1,926sqm building with two tenancies on 6,777sqm industrial site sold for $2.5m at 8.4 per cent yield. Anchored by VTNZ on six year lease from October 2014. Sold by Karl Cameron and Lewis Townshend of Bayleys Manawatu. WELLINGTON 91 Mazengarb Rd, Paraparaumu

A 383sqm restaurant/bar on 4,601sqm corner site sold for $1.395 at an 8.6 per cent yield. A 16-year lease from April 2006 plus telecommunications leases. Sold by Stephen Lange of Bayleys Wellington. 128-130 Rimu Rd, Paraparaumu

A 1550sqm industrial site with three separate buildings over two titles has been sold for $1.3m by Dean Anderson of Colliers International.