City Sales sold 80% of apartments under the hammer and Colliers has sold a handful of industrial properties in Waikato/BoP

There was competitive bidding on all of the apartments offered at this week's City Sales apartment auction, apart from a leasehold apartment, which didn't attract any bids except a vendor bid made by the auctioneer.

That saw all of the freehold apartments sell under the hammer while the leasehold apartment was passed in.

Colliers International has also reported a handful of industrial property sales in the Waikato/Bay of Plenty, which ranged in price from $2.68 million to $4 million.

See below for the full details of sales from both agencies:

Results of City Sales auction, April 20:

• 1503/96 Symonds St. 96 on Symonds building. A 36 square metre, two bedroom, furnished unit with a balcony Rented at $440 a week. Sold for $308,000. Rates were $1236 and the body corporate levy $4001. The agent was Iona Rodrigues. 
• 1309/430 Queen St. Volt building. A 38 square metre, two bedroom unit with a balcony. Sold for $350,000. Rented at $480 a week. Rates were $1175 and the body corporate levy $4789. The agents were Georgia Featherstone and David Brooksbank.
• 518/149 Nelson St. Ascent building. A 56 square metre, two bedroom unit with balcony and car park.Vacant. Sold for $387,000. Rates were $1101 and the body corporate levy $3734. The agents were Lucy Piatov and Chris Bell.
• 320/149 Nelson St. Ascent building. A 56 square metre, two bedroom unit with a balcony. Sold for $340,000. Rates were $928 and the body corporate levy $2929. The agents were Lucy Piatov and Chris Bell.
• 519/6 Dockside Lane. The Docks building. A 66 square metre, two bedroom/two bathroom unit with a balcony and tandem car park. Leasehold. Vacant. Rates were $1792 and the body corporate levy $11,518. When there was no opening bid on the property the auctioneer made a vendor bid of $200,000 and when there were no further bids it was passed in. The agents were Maryanne Wong and James Li.

Recent commercial property sales by Colliers International:

• 66-68 Portside Drive, Mt Maunganui. A 3080 square metre warehouse/office on two titles. Sold for $4 million providing a net yield of 6.7%. The agents were Jimmy O'Brien, Rob Schoeser and Simon Clark.
• 220 Ellis St, Hamilton. A 3830 square metre industrial building on an 8300 square metre site with dual street access. Occupied by Fletcher Steel. Sold for $3.55 million. The agents were Mark Brunton and Alan Pracy.
• Corner of Tawn Place and Maui St, Te Rapa, Hamilton. A modern 797 square metre warehouse leased to Air Liquide until 2019. Sold for $2.68 million. The agents were Alan Pracy, Mark Brunton and John Hagar and John Green.

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.