Colliers International has concluded a string of commercial property sales from Queenstown to Whangaparaoa at prices ranging from $849,250 for a commercial development site in Mt Maunganui to $2.54 million for an office floor in Hamilton.
Yields ranged from 4.5% for an office/showroom in Tauranga (pictured) to 7.2% for an office/warehouse unit in Queenstown.
See below for the full details of recent sales by Colliers:
- Units 5 & 6, 70 Glenda Drive, Queenstown. A 600 square metre office/warehouse on two separate titles. Sold for $1.3 million providing a yield of 7.2%. The agents were Mark Simpson, Mary-Jo Hudson, Rory O'Donnell and Alistair Wood.
- 115 Third Ave, Tauranga. A 950 square metre office/warehouse on a 2500 square metre site, leased to a car dealership. Sold for $2.2 million providing a yield of 5.4%. The agents were Simon Clark and Rob Schoeser.
- 104 & 106 Cameron Rd, Tauranga. A 510 square office/showroom on a 975 square metre site, with Sharp Corporation and Tauranga City Council as tenants. Sold for $1.8 million providing a yield of 4.5%. The agents were Simon Clark and Duncan Woodhouse.
- 130 Grantham St, Hamilton. A third level office space of 1078 square metres, with tenants that include Vodafone, Ministry of Health and Crowe Horwath. Sold for $2.54 million. The agents were Alan Pracy and Justin Oliver.
- 53 Te Okuroa Drive, Papamoa. A vacant 3397 square metre, commercially zoned section. Sold for $849,250. The agents were Rich Davidson and Duncan Woodhouse.
- 59 Keeling Rd, Henderson. A 1121 square metre office/warehouse on a 5566 square metre site. Sold for $1.68 million. The agents were Chris Upright and Dhiru Patel.
- 85-89 Brightside Rd, Stanmore Bay, Whangaparaoa. A 4014 square metre development site. Sold for $2.25 million. The agents were Ellie Martin and Euan Stratton.
If you are interested in buying commercial property, interest.co.nz's commercial property database link has details of nearly 6,000 commercial properties that are listed for sale throughout the country.
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