Around the block
Exchange Building sells for $20.25m
The 6629sq m Exchange Building at 7-23 Allen and 10-24 Blair Sts, Wellington, was sold for $20.25m by Bayleys agents Fraser Press and Mark Hourigan.
Childcare centre hits $4.585m
Tenanted childcare centre at the corner of Kennedy Road and Flack Street, Tauranga, was sold for $4.585m at a yield of 5.1 per cent by Colliers International agents Rob Schoeser and Grant White.
Sold with vacant possession
The 1632sq m commercial premises formerly occupied by Red Baron motorcycles at 299 Great North Rd, Grey Lynn, Auckland, was sold with vacant possession for $6.01m by Bayleys agents James Chan, Nicolas Ching, Scott Kirk and James Were.
Dual-tenanted industrial property
A dual-tenanted industrial property in Hamilton’s Te Rapa industrial precinct was sold for $2,3m at a yield of 4.9 per cent by Colliers International agents Alan Pracy, Justin Oliver and Anne-Marie Brown.
Standalone office
An 828sq m standalone office building on a 5025sq m landholding at 25 Allen St, Morrinsville, was sold for $1.23m by Bayleys agents Josh Smith and Daniel Keane.
6.4 per cent yield
A childcare centre at 26 Anzac Rd, Browns Bay, Auckland, occupied by Choice Education on a 12-year lease, was sold for $3.76m at a 6.4 per cent yield by Bayleys agents Tony Chaudhary, Janak Darji, Amy Weng, and Michael Nees.
Showroom/warehouse in Hamilton
A showroom/warehouse property in Hamilton with a renewed five-year lease to international tenant Jaycar was sold for $1.315m at a yield of 5.01 per cent. The sale was brokered by Colliers International agents David Palmer and Justin Oliver.
Fast food sale
Fast food premises occupied by Burger King since 2003 on 2964sq m of Crown leasehold land with 43-customer car parks at 190 Station St, Napier, sold for $1.175m at an 8.32 per cent yield. The sale was brokered by Bayleys agents Sam MacDonald and Andrew Smith.
Ex-karaoke venue
Ex-karaoke venue comprising 1049sq m over three levels on prominent corner site adjacent to major CBD motorway links at 245 Hobson St, Auckland Central, was sold for $4.6m by Bayleys agents Shane Snijder, Dave Stanley and Mike Adams.
Adjoining properties
Two adjoining properties in Napier sold for $1.806m at a yield of 6.25 per cent. 79 and 81 Austin Street have a total building area of 895sq m on a 2,132sq m combined site. The deal was brokered by Colliers International agents Danny Blair and Rob Nankervis.