The net yields achieved on properties sold at Bayleys latest commercial property auction ranged from 7.84% for a two level office building at Papatoetoe, to 4.28% for a retail premises in St Heliers Bay, although most were in the 5% to 6% range.
Another property to achieve a net yield below 5% for its new owners was a 1845 square metre warehouse/office building on a 3826 square metre site in Onehunga (pictured at right), which sold for $2.8 million providing a net yield of 4.79%.
The most expensive sale at the auction was a two level retail/office building at Browns Bay which sold for $5.212 million providing a net yield of 5.13%, and the cheapest was a retail premises in Manurewa that sold for $620,000, providing a net yield of 7.59%.
See below for the full results of Bayleys latest commercial property auction, which details and photos of all properties including those that didn't sell.
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1 Comments
"Property investors in Queensland suffer as prices plummet 65pc in three years"
When an overextended asset market corrects, there's usually an unexpected reason. The fact that this article is about a, now, out of favour commodity town doesn't alter the fact that it was once 'the place to invest'. It's an illustration of how quickly and how far markets can change, when the facts change.
http://www.afr.com/real-estate/residential/qld/property-investors-in-qu…
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