There was a wide range of commercial properties on offer at Bayleys' latest auctions in Auckland and the Waikato, with selling prices ranging from $513,000 to $5.1 million.
Several properties sold at prices in the $500,000 to $650,000 range, which is well below the average price of a home in Auckland. Most achieved yields that would have provided their new owners with net income returns in the 4.2% to 5.51% range, although two adjoining shops at St Heliers that were offered as a single lot sold for $1.365% providing a net yield of 3.84%.
The yields were similar for the larger properties.
See below for the full results from Bayleys' latest commercial property auctions in Auckland and the Waikato, with photos and details of all properties, including those that didn't sell:
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