AUCKLAND

19 Matakana Valley Road, Matakana: 213sqm commercial premises plus 13 car parks in the tightly held Matakana Village opposite the cinema and weekend markets sold post-auction for $4,100,000 at a 2.16% yield. The 1,049sqm site in Local Centre zone features a building coverage of just 20 percent, providing versatile future development options. Popular local retailer The Bach Matakana has exercised its final right of renewal with a lease expiring in February 2026. The agreement features favourable lease terms, including biennial rent reviews and a hard rachet provision. (Henry Napier, Chris Blair, Bayleys in the North)

WAIKATO/BAY OF PLENTY

429 Pollen Street, Thames: 458sqm industrial premises on a freehold land parcel of 1,534sqm, held in three titles, sold for $1,275,000 at a 5.69% yield. Comprising a showroom, offices, storeroom and adjoining mechanics workshop with dual access via a rear service lane. The established car dealership tenant has 3x5yrRoR remaining on an initial five year lease term. (Josh Smith, Bayleys Hamilton)

63 Junction Road, Paeroa: 8,400sqm bare land parcel, held in separate titles and intersected by intervening land, primed for residential development, sold for $350,000 at $42/sqm. The properties feature an 80sqm dwelling. (Josh Smith, Bayleys Hamilton)

6 Great South Road, Huntly: 5,956sqm of underutilised industrial land with access to State Highway 1, sold with vacant possession for $740,000. 212sqm of improvements include 140sqm of high-stud workshop and a 72sqm office block with staff amenities. (Josh Smith, Bayleys Hamilton)

11 Northway Street, Te Rapa: 367sqm industrial unit plus three car parks sold for $990,000 at a 6.04% yield. Built circa 2005, the versatile premises comprises a showroom, warehousing and offices over two levels. A trades-based tenant has exercised the first of 2x3yrRoR on a current lease term to January 2026. (Alex ten Hove, Luke ten Hove, Bayleys Hamilton)

Unit 37 and 38, 49 Tawn Place, Te Rapa, Hamilton: Two industrial units totalling 194sqm plus four car parks sold with vacant possession for $620,000. The high-stud warehouses with amenities and two car parks a piece span 97sqm respectively and are positioned in a modern and secure industrial business park off main arterial Maui Street. (Jordan Metcalfe, Rebecca Bruce, Bayleys Hamilton)

16 McKee Street, Te Rapa: Industrial storage complex comprising 25 units totalling 1,029sqm sold post-auction for $2,715,000 at a 7% yield. The 2,471sqm site features six storage containers, an office, and electric gate access. Units of 40sqm each feature mezzanine floors and are occupied by small businesses with varying lease arrangements. (Rebecca Bruce, Jordan Metcalfe, Bayleys Hamilton)

50 and 56 Commerce Street, Frankton: Two buildings totalling 835sqm sold for $1,050,000 returning $30,000 net pa from one tenant. The 844sqm site in Frankton’s business commercial zone features a versatile mix of showroom, office and warehouse accommodation. The smaller tenancy is occupied by a Dance Studio which has a two year lease to May 2024 plus 1x2yrRoR. The larger tenancy is vacant. (Luke ten Hove, Alex ten Hove, Bayleys Hamilton)

180 Peachgrove Road, Claudelands Hamilton: Prominent 1,024sqm landholding on the corner with East Street, including 300sqm of undeveloped rear yard, sold post-auction for $1,100,000 at a 4.98% yield. Mixed-use accommodation totalling 310sqm comprises a three bedroom apartment and three ground floor commercial units with a seismic assessment of 70% of NBS. Tenants occupy the premises with varying lease arrangements. (Josh Smith, Bayleys Hamilton)

143 Thirteenth Avenue, Tauranga Central: 491sqm purpose-built commercial premises in character architectural style sold for $1,560,000 at a 5.10% yield. The 1,006sqm site is strategically positioned near main arterial Cameron Road. Established funeral services tenant Jones & Company has occupied the premises since 1983 and has 2x3yrRoR on a lease expiring in May 2031. (Christy Arundel, Rory Brown, Lloyd Davidson, Bayleys Tauranga)

25 Puriri Street, Mount Maunganui: 177sqm industrial premises plus two car parks sold with vacant possession for $852,500. The 165sqm freehold title is in a modern complex located between Totara and Maunganui Roads, and features 117sqm of high-stud warehousing, 43sqm of mezzanine and amenities, plus and 17sqm of ground floor offices.(Myles Addington, Craig Hilton, Bayleys Tauranga)

Shop 6, 2 Marine Parade, Mount Maunganui: 63sqm freehold retail unit sold post-auction for $960,000 at a 5.40% yield. The shop is one of six commercial units at the base of Tower One in the Oceanside Resort and Twin Towers complex, on the corner with Adams Avenue at the northern end of the busy Mount Maunganui retail precinct. A café tenant occupies the premises with an 11 year lease to 2025 plus 2x4yrRoR. (Brendon Bradley, Lynn Bradley, Ryan Bradley, Bayleys Tauranga)

2 Gloucester Road, Mount Maunganui: 645sqm prominent site opposite the Bayfair Shopping Centre on the corner with Girven Road, sold post-auction for $1,015,000 at a 3.63% yield. The premises features a 104sqm residential dwelling with existing commercial use rights, which is occupied by an office tenant with a lease expiring in October 2025. (Ryan Bradley, Brendon Bradley, Bayleys Tauranga)

LOWER NORTH ISLAND

Unit 4, 25 Centennial Highway, Ngauranga, Wellington: 250sqm commercial unit plus three car parks sold with vacant possession for $825,000. Comprising 183sqm of warehousing, with a 38sqm high-stud mezzanine showroom and the balance in office accommodation. (Bhakti Mistry, Fraser Press, Sarah Lyford, Bayleys Wellington)

81 Abel Smith Street, Te Aro, Wellington: 343sqm converted heritage villa plus six car parks on a high profile 452sqm site sold with vacant possession for $980,000. The former doctor’s residence has been refurbished as a modern office premises with two levels, staff amenities, and features a seismic assessment of 70% of NBS. The 2007 Inner City Bypass Project saw significant roading networks installed around the property, making it highly visible to passing vehicle movements. (Fraser Press, Mark Walker, Bayleys Wellington)

SOUTH ISLAND

475 Worcester Street, Linwood, Christchurch: Vacant 180sqm commercial premises sold at auction for $480,000. The 607sqm TC2 site, on the corner with England Street, features a substantial yard and double garaging zoned Residential – Medium Density, offering future development potential. (Nick Emery, Bayleys Christchurch)

Unit A, 282 Colombo Street, Sydenham, Christchurch: 113sqm commercial premises on the corner with Huxley Street, sold with vacant possession for $295,000. (Michael Girgis, Bayleys Christchurch; Sid Charoenpornsavat, Bayleys Prestons)

Lot 1, 4-6 O’Briens Road, Sockburn, Christchurch: 1,085sqm industrial unit, one of nine in the established Enterprise Business Park, sold for $2,675,000 at a 6.20% yield. Comprising warehousing, ground and first floor offices plus 21 car parks occupied by three tenants, including wholesale fuel business NPD, land development and residential company Enterprise Homes and accounting and auditing firm Allnott Reeves & Co on varying lease arrangements. *(Graeme Donaldson, Bill Kingston, Bayleys Christchurch) *

Lot 3, 4-6 O’Briens Road, Sockburn, Christchurch: 527sqm unit plus five car parks sold for $1,010,000 at a 5.94% yield. New Zealand yarn business Crucci NZ occupies the premises, comprising warehousing with offices on the ground and first floor levels, with a three year lease to July 2025 and renewal rights to 2031. (Graeme Donaldson, Bill Kingston, Bayleys Christchurch)

Lot 4, 4-6 O’Briens Road, Sockburn, Christchurch: 530sqm unit plus 10 car parks sold for $1,010,000 at a 6.44% yield. Comprising warehousing and offices over two levels occupied by established manufacturers Cleaning Supplies, which has a three year lease to March 2026 plus 1x3yrRoR. *(Graeme Donaldson, Bill Kingston, Bayleys Christchurch) *

10 Fairfield Street and 6 Medway Street, Gore: 1,261sqm commercial/industrial premises on a 3,813sqm site, held in five titles, sold post-auction for $1,675,000 at a 6.87% yield. Comprising 450sqm of retail showroom and an adjoining 727sqm warehouse with offices and amenities plus circa 2,500sqm of fully fenced yard. National trade retailer Placemakers has occupied the premises since the 1980s with a current lease term to November 2027 plus 1x6yrRoR. (Julie Mitchell, Luke Baird, Bayleys Southland)