Around the block

CBD office block

A 1097sq m three-storey office building with one parking space on a 356sq m site at 76 Anzac Ave, Auckland CBD, has sold for $5.3m through Tonia Robertson, Bayleys North Shore Commercial. It is partially tenanted, generating annual holding income of $60,000 net plus $96,000 gross.

Palmerston North Howick commercial

A recently refurbished 443sq m commercial building on an 875sq m site zoned Town Centre at 8-14 Moore St, Howick, with under-utilised land at rear, sold for $2.94m at a 4.91 per cent yield through Janak Darji, Amy Weng and Tony Chaudhary, Bayleys South Auckland. Five retail tenants are on the ground floor with a hairdresser and office above.

Tauranga industrial

A 1,794sq m site with a 848sq m industrial warehouse at 2 Roxanne Pl, Tauranga, has sold for $1,100,000. The high-stud building has warehousing, air conditioned offices, a substantial kitchen and sealed yard with 24 car parks. The deal was brokered by Richard Davidson, Rachel Emmerson and Duncan Woodhouse of Colliers.

Whitianga holiday park Rotorua childcare Hamilton car wash

A 259sq m six-bay car wash and dog wash complex on a 919sq m high profile corner site at 28-30 Lake Rd, Frankton, Hamilton, sold at auction for $1.41m at a 5.46 per cent yield through Alex ten Hove and Mike Swanson of Bayleys Waikato. It is leased for five years from March 2018.