Around the block
Greenstone for Farhi
The Property Council handed Colliers International’s strategic consulting director Chris Farhi its top accolade for Auckland property professionals — the Greenstone Group Supreme Award — at the Auckland Property People Awards last week.
Two Tauriko titles
A 12,591sq m industrial site in two titles with three street frontages in the Tauriko Business Estate was sold for $5,351,175 at $425 per sq m by Lloyd Davidson, and Jo Stewart, Bayleys Tauranga. Davidson also sold a small 837sq m industrial site at Tauriko for $375,000 at $448 per sq m
Former supermarket
A vacant 1507sq m corner site, formerly occupied by the New World Papakura car park, has sold for $1.54m. The sale of Lot 2, 40-44 East St was brokered by Chris Wakim and Matthew Barnes of Colliers International’s South Auckland.
Mt Eden retail
113.5 sq m single-level retail premises, with six car parks, on a 273 sq m Mixed Use zoned corner site at
471 Mt Eden Rd, has sold for $2.1m through Bayleys’ Tony Chaudhary, Amy Weng and Phil Haydock. Short term tenancy to a furniture store provides holding income.
Petone industrial
An industrial property at 140 Hutt Rd, Petone, has sold with vacant possession for $2,475,000. The property comprises a 1020sq m warehouse, showroom and office on a 1160sq m freehold site with 10 car parks. The deal was brokered by Kieran Lennon of Colliers, with Gollins Commercial.
East Tamaki units
Two units, each with six car parks, in a recently refurbished six-unit office complex at 363 East Tamaki Rd, were sold by Roy Rudolph and John Bolton, Bayleys South Auckland at a total value of $1.551,000. One with 242sq m unit sold for $786,000 (at a 7 per cent yield), with a new 10-year lease to an accountancy firm. The other, a 222 sq m ground floor unit, sold vacant for $765,000.
Hastings development
A brand new 510sq m industrial development at 822 Omahu Rd, Hastings, leased to engineering supplies company SaecoWilson, has sold by negotiation for $1.46m, representing a yield of 6.5 per cent. The deal was brokered by Danny Blair of Colliers Hawke’s Bay.
Porana bakery
A 133sq m retail unit at 65-71 Porana Rd, Wairau Valley, sold at auction for $1,025,000 at a 5.36 per cent yield by Adam Curtis, Damian Stephen and Steven Liu, Bayleys.
Gisborne farm
A 38.8ha farm at 319 Whatatutu Rd, Te Karaka, sold at auction with vacant possession for $1.15m. It has
20ha of fertile cropping land; 18ha of grazing land;
3ha leased to a local nursery and a large shed complex. This was brokered by David Egan and Alan Thorpe of Colliers’ Gisborne.