Colliers recent commercial sales ranged from hot pools and a backpacker's lodge in Queenstown to industrial properties on the North Shore

The most recent sales of commercial properties by Colliers International were at different ends of the country, with a couple of tourism properties in Queenstown selling in the $2 million to $3 million range and a couple of industrial properties on Auckland's North Shore selling for $2.04 million to $4.15 million. See below for full details.

Colliers recent commercial property sales:

• 38 Arrenway Drive, Mairangi Bay, North Shore. A 1240 square metre industrial building with one year remaining on the tenant's lease. Sold for $2.04 million providing a yield of 5.39%. The agents were Shoneet Chand and Matt Prentice.
• 62-64A Diana Drive, Wairau Valley, North Shore. A 2634 square metre industrial building facing directly on to the road. Sold to an owner-occupier for $4.15 million. The agents were Shoneet Chand and Matt Prentice.
• 4-6 Anderson Heights, Queenstown. A 1265 square metre site with three buildings on it operating as the 60 bed, Hippo Lodge Backpackers (pictured). Sold for $2.51 million. The agents were Barry Robertson and Steve McIsaac.
• 160 Arthur's Point Rd, Queenstown. A hot pool complex on a 3881 square metre site, sold as a freehold going concern for $2 million plus GST. The complex contained six pools and had extensive views over the Shotover River. The agents were Barry Robertson and Steve McIsaac.

You can receive all of our property articles automatically by subscribing to our free email Property Newsletter. This will deliver all of our property-related articles, including auction results and interest rate updates, directly to your in-box 3-5 times a week. We don't share your details with third parties and you can unsubscribe at any time. To subscribe just click on this link, scroll down to "Property email newsletter"and enter your email address.