Commercial Sales And Leases

Published 22 November 2011
Colliers International agents have recently completed 3 industrial sales in East Tamaki, another in Penrose and a leasing transaction in Mt Wellington. Details:

SALES

East Tamaki, 333 East Tamaki Rd, unit B, 420.1m² of industrial space was sold by Number 333 Ltd to Rocky Li for $475,000 with vacant possession (Jolyon Thomson)

East Tamaki, 154 Harris Rd, unit B, 450m² of industrial space was sold by Kuaotuna Trust to MCF Investments Ltd (Michael Collins, Suva) for $483,698 on an 8.16% yield (Jolyon Thomson & Paul Jarvie)

East Tamaki, 154 Harris Rd, unit C, 250m² of industrial space was sold by Kuaotuna Trust to MCF Investments Ltd for $306,750 on an 8.16% yield (Jolyon Thomson & Paul Jarvie)

Penrose, 55 Hugo Johnston Drive, 4042m² of office space was sold by Kempton Holdings Ltd to Jerdi Partnership for $4 million on a 7.5% yield (Andrew Hooper, Hamish West, Jason Seymour, John Goddard, Peter Herdson & John Green)

LEASES

Mt Wellington, 82 Carbine Rd, 1150m² of industrial space was leased by Norak Properties Ltd to Road Signs & Traffic Control Equipment Ltd for one year at $112,500/year (Todd Kuzmich & Jonty Lamb).\

Bob Dey report

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