Press Release – Bayleys Realty Group
Five investment offerings selling at yields of under or close to four per cent and three development site sales were features of Bayleys’ latest commercial and industrial auctions.
Ten out of 11 Auckland properties showcased in Bayleys second
Total Property portfolio for the year sold under the hammer. The highest price achieved was $5,810,000 for a property in Oneroa Village, Waiheke Island.
Located on a 1480 sq m site at 116 Ocean View Rd with a 441 sq m building, its largest tenant is Work and Income New Zealand with three street front retail tenants. There is a substantial amount of undeveloped land at the rear of the building that links to a rear service lane and provides 16 car parks.