5 commercial sales for Bayleys


25 November 20
Bayley’s agents have signed up 5 sales in central isthmus suburbs.

Epsom
589 Manukau Rd:
Features:
465m2 residential development site near Greenwoods Corner
Outcome: sold for $820,000 at $1763/m2 


Greenlane
242 Great South Rd:
Features:
 822m² of Residential 7A zoned land, with 184m2 bungalow leased to osteopath for 6 months from September 2014 with no rights of renewal
Rent: $60,000/year net + gst
Outcome:  sold for $2,207,000 at $2684/m2 for land

Newmarket
53 Nuffield St:
Features:
 190m² retail premises, 2 parking spaces
Rent: $76,760/year net + gst from 7-year lease from April 2013 to lingerie shop plus 6-year right of renewal
Outcome: sold for $1.45 million at a 5.3% yield

153-185 Broadway, unit 5B:
Features:
 recently refurbished 130m² retail premises on first floor of Rialto Shopping Centre, new 2-year lease to CK Miracle Ltd with no rights of renewal
Rent: $25,000/year net + gst
Outcome: sold for $250,000

Kingsland
6 Central Rd:
Features:
625m2 mixed-use corner site, 561m2 2-level commercial building with short-term holding income
Outcome: sold for $2 million at a 5.5% yield

 

Bob Dey

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