Commercial Sales With Low Yields = Higher Prices

4 Charles Street, Mount Eden
1,117m2 freehold land
Mixed Use Zoning
Returning $125,000

Sold for $2,250,000 or 5.5%

104 Richmond Road, Grey Lynn
111m2 Business 1 land
Returning $60,534 pa.
IEP of 29% of New Build Standard
Sold for $1,031,000 or 5.87%

2 x Gull Service Stations
Prominent Takanini and Kumeu locations
Self-serve concept
Returning $110,000
Circa 1,340m2 land each
Sold for $1,575,000 and $1,600,000 or 7% and 6.9%

62-64 Valley Road, Mount Eden
1,030m2 Residential 6 zoning
IEP of 25% of New Build Standard
Sold $2,308,888

( Barfoot’s Cam Patterson)

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