Thursday, 13 May 2021, 4:26 pm
11-17
Huttloc Dr, Tokoroa.
Two substantial
industrial property sales have been concluded recently by
Bayleys Tauranga, one a record price for Tokoroa and the
other a $16.1 million transaction in Mount
Maunganui.
An extensively refurbished and expanded
industrial complex at 11-17 Huttloc Drive, Tokoroa sold to a
locally-based investor for $12.75 million at a 6.47 per cent
yield.
The sale price negotiated by the Bayleys
Tauranga sales team of Brendon Bradley, Lynn Bradley and son
Ryan Bradley is believed to be a record for a commercial and
industrial property in the South Waikato town.
“This
deal reflects ongoing confidence in the industrial sector