Latest commercial Sales

Published 27 April 2012
A Botany office unit just off Ti Rakau Drive took one raise of the sole bidder’s offer to get sold under the hammer at Colliers International’s commercial auction yesterday. The front upstairs unit in a side-street development was sold at $2698/m².

A Penrose warehouse, recently upgraded with a much smarter office & showroom area, was keenly contested and also sold under the hammer, but bidding was slower on 2 shops in one lot in the Meadowbank shopping centre.

Auction results:

Meadowbank shopping centre, 35 St Johns Rd, unit L:
Features: 92m², fully tenanted freehold retail investment, 2 shops – Urban Fuel on 19m², Mummy Loves Kidz on 73m²
Net rent: $39,837/year
Outcome: passed in at $395,000

Penrose, 774 Great South Rd:
Features: 482m² of building, 214m² office & showroom on 2 levels, 12m² shower & kitchen, 256m² warehouse on 636m² freehold section, recently had major rebuild, 2 roller doors
Outcome: sold vacant for $685,000

Botany, 12 Amera Place, unit 8:
Features: 106m² freehold office strata title just off Ti Rakau Drive
Outgoings: rates $2451/year including gst; body corp levy $1968/year
Income assessment: none
Outcome: sold for $286,000

Bob Dey report

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