27-31 Park Rd, Grafton
A 379m2 property with two retail tenants was sold for $2,580,000 ($8000/m2). The property,which has a seismic rating of 71%, is just a few hundred metres from Auckland Hospital and Auckland Domain. The two ground floor retail tenancies generate a net annual income of $45,506. The property includes a two bedroom, fully refurbished, top floor apartment, two undercover car parks, a large yard and off street access offering two garages and car parks.

5C, 331 Rosedale Rd Avondale
A 221m2 office space in Rosedale Office Park, Albany, North Shore, has been sold for $815,000. The unit was bought by a private owner.

9 Corinthian Drive, Albany
A five-level, 5579m2 commercial and retail property has been fully subscribed in a syndication that raised $15.6 million equity on behalf of Oyster Group.
36 Fort St, CBD  
A vacant building on a freehold 282m2 sold for $3 million.

26-28 Inlet Rd, Takanini
A 6428m2 block of land in two separate titles was sold for $1.6 million to an owner-occupier.

Cnr Tristram and Clarence Sts  Hamilton
A large format, 602m2 retail property sold for $1.2 million at a yield of 6.77%.


Source NBR

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