Around the block
Savills has appointed Lance Collings as head of valuation in Christchurch. Previously with JLL Christchurch, Collings has 30 years experience as a registered valuer and commercial property consultant.
Hobsonville industrial
A new industrial property in the Workspace industrial development in Hobsonville, has sold for $10.15m, at a yield of 4.92 per cent. The 2739.5sq m office-warehouse, on a 5003sq m site with drive-around truck access, was sold by Colliers International brokers Craig Smith, Matt Prentice and Gareth Fraser.
Airport Oaks building
A 3663sq m industrial building developed in late 1990s on a 5001sq m, site at 127 Montgomerie Rd, Airport Oaks, has been sold for $7.106m, at 5.27 per cent yield. Bayleys’ James Hill, Sunil Bhana, and Nick Bayley sold the property, which was refurbished in 2015.
Hamilton development site
A 17,748sq m development site, at Lot 11 Ingram Rd, Rukuhia, Hamilton, has sold for $3,141,396. The off-market transaction was brokered by Mark Brunton and Alan Pracy of Colliers Hamilton.
Wellington CBD
A 10-level 5826sq m 1980s office and retail building, on a 2102sq m site at 186 Willis St, Wellington, has sold for $13.35m, at a 7.8 cent cent yield, by Bayleys’ Mark Sherlock. It is leased to a mix of corporate and government department tenants.
Hamilton retail property
A split-risk retail property at 331 Victoria St, Hamilton, has sold for $1.13m, at a yield of 7 per cent. Opposite SkyCity and the new Riverbank Lane retail development, it is a two-level, 710sq m building on a 364sq m freehold site. This was brokered by Justin Wang and David Palmer of Colliers, Hamilton.
Wairau Valley industrial
A 2773sq m industrial building on a 3811sq m site at 18 Poland Rd, Wairau Valley, with an eight-year lease to Fresco Shades NZ, has sold for $5.5m at a 6 per cent yield through Trevor Duffin and Ranjan Unka, Bayleys North Shore Commercial.
Rockwood Farm
Rockwood Farm, Matawai, Gisborne, has sold at auction for $2.9m. The 404.69ha property at 2999 Whakarau Rd comprises a fenced breeding and finishing farm, sheds, homestead, and 85ha of bushland. The sale was brokered by Rural and Agribusiness Broker Rod Chrisp of Colliers Gisborne.
Mt Eden property
A 716sq m 1980s warehouse, showroom and office building, plus a two-bedroom apartment, on a 446sq m Mixed Use zoned site at 40 George St, Mt Eden, was sold partly leased for $2.75m by James Were and Scott Kirk of Bayleys Auckland City & Fringe division.
Sheraton retail unit
A 26sq m retail unit beneath the Sheraton Four Point Hotel, being constructed within a former office tower at 396 Queen St, Auckland, was sold vacant for $600,000 at $23,077 per sq m, by Millie Liang of Bayleys’ Auckland International division.
Gisborne rural
A 6.37ha rural property at 1189 Wharekopae Rd in Ng¯atapa, Gisborne, has sold after auction for $1.3m. The citrus orchard with sheds plus a four-bedroom home with a large deck, concrete tennis court and helicopter pad was sold by Colliers Gisborne brokers Alan Thorpe and David Egan.