MARKETWATCH – RECENT SALES AND LEASINGS
9C Piermark Drive, Albany An office/warehouse with a floor space of 516sqm and 12 allocated carparks, has been sold at auction for $1,120,000. The building, described as ‘‘outstanding looking’’, had a good road-front presence and a lowmaintenance tilt-slab construction. Newly leased for three years with an annual net rental income of $83,000 plus GST. Sold by Dave Lane of NAI Harcourts North Shore. 6 Newark Pl, East Tamaki A 715sqm warehouse and office building with two tenants on a 1012sqm fully fenced site was sold for $822,000. The building had a 5.5 per cent yield on net rental income of $45,217pa. One tenant has a lease expiring May 2016, the other tenancy has monthly lease. Sold by John Bolton, Roy Rudolph and Katie Wu of Bayleys Manukau. 93-97 Greenlane East and 55 Ohinerau Rd, Greenlane. A 3107sqm freehold corner 27-unit motel including conference facilities opposite Ascot Hospital has sold for $5.7m, or a land value of $1834 per sqm. Sold by Colin McKenna and Robert Platt of Bayleys Auckland. Unit 3D, 95 Ascot Ave, Greenlane A 620sqm penthouse office floor in the Ascot Business Park with 18 carparks leased to the subsidiary of a large multi-national has sold for $2,785,000 at an 8.5 per cent yield. Sold by Scott Kirk and James Were of Bayleys Auckland. 31-35 Pururu St, Mangakakahi A refurbished property within the main industrial zone on the western side of Rotorua has sold at auction for $819,000. The main building has a floor area of 1078sqm with a workshop extension of 190sqm. The building was designed to suit the current tenant, Toll Networks NZ Ltd. Leased from December 2012, returning $70,000 per annum plus GST and outgoings. Sold by Paul Sanford of NAI Harcourts Rotorua. 375 Tremain St, Palmerston North A 2.1ha property previously owned and used as a coolstore by Foodstuffs has been sold for almost $5m to Carterton meat company Premier Beehive. Premier will use the building as its national distribution centre. Sold by Grant Lloyd and Phil Nevill of Colliers International, who said it was the latest among several large deals so far this year as they push for the city to be a recognised distribution hub.