Total Property Issue 6 2025 auction results

Bayleys’ latest Total Property auction results show nationwide engagement, with competitive bidding across industrial, retail and development assets. Sales from Auckland to Queenstown highlight investor interest, driven by low vacancies in key industrial precincts, steady demand for mixed-use and retail holdings, and growing interest in sites offering future upside. Regional centres in Waikato, Bay of Plenty and the South Island continue to attract active buyers.

AUCKLAND

10 Fremlin Place, Avondale: An 806sqm industrial facility with 14 car parks has sold with vacant possession for $3,071,000. The 1,147sqm site in Business – Light Industry zone is well-positioned in the low-vacancy Rosebank industrial precinct, benefitting from efficient access to State Highway 16 and key motorway interchanges. (Alister Hitchcock, Craig Smith, Mark Preston, Bayleys Northwest)

69 Manukau Road, Pukekohe: A high-profile 1,233sqm car yard zoned Business – Mixed Use has sold for $2,375,000, reflecting a 6.35% yield. The site sustains 309sqm of improvements and is fully leased to Winger Motors on a term expiring in 2029, with 2x3yrRoR. Prominently positioned on a key arterial route just minutes from Pukekohe Train Station, the property benefits from an estimated 18,000 vehicle movements per week and offers strong long-term development potential for mixed commercial and residential use. (Mike Hook, Shane Snijder, Bayleys Pukekohe)

WAIKATO/BAY OF PLENTY

50 Taupō Street, Putāruru: A versatile commercial premises totalling 1,100sqm has sold with vacant possession for $890,000. Comprising warehousing, offices and a road-facing showroom with a seismic assessment of 35% of NBS on a 4,383sqm site. The property is strategically located on State Highway 1 within Putāruru’s primary commercial area, where neighbours include rural co-operative Farmlands, timber specialist Goldpine, and the Coca-Cola water bottling facility. (Willem Brown, Bayleys Hamilton)

2 Duke Street, Putāruru: A 410sqm retail premises with a seismic assessment of 30% of NBS has sold with vacant possession for $305,000. The property occupies a 420sqm site with prominent street frontage in Putāruru’s retail precinct, offering strong foot traffic and visibility – qualities that supported the previous tenant’s six-decade tenure. (Willem Brown, Bayleys Hamilton)

136 Willow Street, Tauranga Central: A recently redeveloped and multi-tenanted commercial property totalling 260sqm of A-grade floorspace has sold for $1,970,000, representing a 5.69% yield. Set on a 157sqm City Centre zoned site, the property benefits from 20m of high-profile frontage to Willow Street’s premier retail strip, adjacent Red Square. The building hosts three boutique ground-floor retailers and two first-floor office tenancies, all on varying lease terms. (Brendon Bradley, Lynn Bradley, Ryan Bradley, Bayleys Tauranga)

SOUTH ISLAND

8 Sandyford Street, Sydenham, Christchurch: Two adjoining warehouses totalling 482sqm on a 487sqm site have sold with vacant possession ‘as-is, where-is’ for $758,000. Warehouse A offers 256sqm of space, including warehousing, amenities, a rear workshop and a built-in chiller room, while Warehouse B provides 216sqm of additional warehousing and amenities. Positioned within an established Sydenham industrial pocket just minutes from the CBD and key arterial routes, the property presents a well-located opportunity for refurbishment or redevelopment. (Simon Lagan, Bayleys Christchurch)

4-6 Hallenstein Street, Queenstown: A 963sqm development site held in four titles, consented for a 29-room visitor accommodation facility, has sold under the hammer at auction for $3,910,000. The property drew 39 bids from four competing developers, with the successful purchaser – a local operator – set to advance the approved accommodation project. In the interim, the site returns $61,100 pa from a residential tenancy fixed through to February 2026. (William Gubb, Bayleys Queenstown; Tommy Zhang, Bayleys Auckland Metro)