Around the block
Amelia Earhart Ave
Colliers International has sold 14 Amelia Earhart Ave, Auckland Airport, for $4.2m. The 3887sq m freehold property comprises a 1257sq m office building over two levels and 59 car parks. The brokers were Brad Johnston, Paul Jarvie and Matthew Barnes.
Hamilton medical
A 190sq m purpose-built suite of medical offices on a 954sq m site with 12 parking spaces at 100 Clarence St, Hamilton, sold by auction with vacant possession for $946,500 through David Cashmore, Rebecca Bruce and Jason Kong, Bayleys Hamilton.
Parnell standalone
A three level, 599sq m standalone property at 24 York St, Parnell, has been sold for $4.1m by JLL agents Jason Armstrong and Ian Hall. The property, zoned Business Mixed Use was sold with vacant possession.
Richard Pearse Drive
Colliers has brokered the sale of 64 Richard Pearse Drive, Auckland Airport, for $8.5m. This comprises a 3869sq m industrial warehouse and office facility on a 10,165sq m freehold site. The deal was brokered by Brad Johnston, Dwayne Warby and Paul Jarvie of the industrial team, with Dean Collins of Colliers Dunedin.
Rotorua auction
A 4721sq m site on the corner of Te Ngae Rd and Hamiora Pl, Rotorua, has sold at auction for $2.35m at a 7 per sent yield through Mark Slade and Brei Gudsell, Bayleys Rotorua. The main occupant is Telfer Marine on a 10-year lease from October 2017 and the property also has 19 storage units.
Mt Eden building
Tommy Zhang and Kevin Reardon of JLL have sold an investment and development site at 101 Mt Eden Rd. The multi-tenanted building sits on a 1812sqm site and was sold through an off-market campaign for $5.6m, representing a 2.7 per cent yield.
Napier south
Four adjoining properties at the corner of Faraday and Thackeray streets, Napier South, have sold in a for a combined $2,649,000. A corner retail property and vacant site at 65 Thackeray St and 15 Faraday St sold for $1.45m; a residential property at 59 Thackeray St sold for $599,000; and a residential property at 57 Thackeray St sold for $600,000. The off-market deals were brokered by Colliers’ Dan Walker.
Third Ave office
An industrial building comprising 348sq m of warehousing, 95sq m of offices and amenities and a 95sq m mezzanine on a 1012sq m site at 116 Third Ave, Tauranga has sold with vacant possession at auction for $2m through Lloyd Davidson and Laura Taylor, Bayleys Tauranga.
Browns Bay
A two level, multi-tenanted property at 41 Bute Rd, Browns Bay has been sold by JLL’s Ian Hall and John Binning for $6.9m, reflecting a yield of 6 per cent. The property in seven separate titles includes a childcare centre licensed for 75 children.
Freemans Bay
A 244sq m partly leased building with two self-contained tenancies on a 312sq m Mixed Use zoned site at 87 College Hill, Freemans Bay, has sold for $2,025,000 through James Were and Scott Kirk, Bayleys Auckland. It has 113sq m of street-front office space returning $48,250 net per annum and a vacant rear 131sq m apartment or workspace
Lynfield childcare
JLL agents Kevin Reardon and Alex Wefers have sold a childcare centre at
210 White Swan Rd in Lynfield; the
1011sq m site is licensed for 54 children. It sold for $2,325,000, reflecting a yield of 5.2 per cent.
Vinegar Lane
Alex Wefers of JLL has sold a vacant property at 25 Pollen St, Grey Lynn. The 80sq m property within the Vinegar Lane Development sold for $1,175,000, well above the CV.
Retail precinct
A 960sq m building on 5014sq m of prime freehold industrial land at 60 Prebensen Dr, Napier, has sold for $2.35m, in a deal brokered by Dan Walker of Colliers.
Browns Bay A two-level property at 41 Bute Rd, Browns Bay, with tenants including a childcare facility has been sold by JLL’s Ian Hall and John Binning for $6.9m, a yield of 6 per cent. The property is in seven separate titles.