Prices of commercial properties sold by Colliers started at $1.33m, yields dip under 5%

Commercial properties sold recently by Colliers International ranged in price from $1.33 million to $3.145 million, with most of them selling for about the same price as houses in one of Auckland's inner suburbs.

Yields on commercial properties aren't yet as low as those being achieved on residential rental properties in Auckland, but they are heading in the same direction, especially for more affordable retail properties which are proving especially popular with many investors.

The yields on Colliers recent sales ranged from 4.95% for a retail property with three separate tenancies in the Wairau Valley, to 7.55% for a retail property on Te Irirangi Drive in the eastern suburbs.

 See below for the full results of Colliers recent sales:

Also recently sold by Colliers International:

• Units A1 and A3, 63 Apollo Drive, Mairangi Bay North Shore. A stand alone, 757 square metre two level office/showroom (pictured) on a corner site with 22 car parks. Leased to Billabong International and providing gross rent of $229,058 plus GST. Sold at auction for $3,145,000. The agents were Craig Newth and Jonathan Lynch.
• 149 Wairau Rd, North Shore. A vacant 1282 square metre light industrial building on a 1745 square metre site that was formerly the factory and outlet store for a camping goods manufacturer. Sold for $1.75 million. The agents were Mike Ryan and Matt Prentice.
• 11 Mountjoy Place, Onehunga. A vacant, 955 square metre, warehouse/office building on a 1303 square metre site. Sold for $1.33 million. The agents were Jolyon Thomson and Ben Cockram.

Our free Property email newsletter brings you all the stories about residential and commercial property and the forces that move these huge markets. Sign up here.

To subscribe to our Property newsletter, enter your email address here. It's free.