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 7 East Tamaki sales for Bayleys

19 February 2014
Bayleys South Auckland agents have reported 7 sales around East Tamaki.

East Tamaki

27 Accent Drive:
Features: 7975m² business 5-zoned site
Outcome: sold to a vehicle dealership for $3.5 million at $438/m²

45 Greenmount Drive:
Features: 1179m² warehouse, showroom & office building on 2260m², leased to a flooring company for 4 years from December 2013, with one 4-year right of renewal
Outcome: sold for $1.74 million at a 7.6% yield

89 Springs Road, unit E:
Features: 300m² retail, office & warehouse unit, lunch bar & car alarm installation business on 6-year & 2-year leases from 2012
Outcome: sold for $630,000 at a 6.8% yield

135 Cryers Rd, unit 12:
Features: 255m² modern office (160m²) & warehouse (95m²)  building in secure gated complex
Outcome: sold, with a short term lease, to an owner occupier for $440,000

89 Springs Rd, unit D:
Features: 205m² showroom, office & warehouse unit, 2-year lease to printing company from 2013 at $28,000/year
Outcome: sold for $435,000 at a 6.4% yield

9-11 Laidlaw Way, unit 32:
Features: 105m² first-floor office unit, 2 parking spaces.

Outcome: sold vacant for $215,000

14 Basalt Place, unit 4:
Features: 80m² warehouse, including 30m² mezzanine, 2 parking spaces
Outcome: sold vacant for $173,850

(Bob Dey)

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