Total Property Issue 4 2026 latest sales results

The latest sales from Bayleys’ Total Property portfolio highlight a consistent appetite among buyers for well-located commercial property offering a combination of immediate income, owner-occupier appeal and longer-term repositioning potential. Investors have favoured assets with flexible zoning, established tenancies and underlying land value, reflecting growing confidence across a broader range of investment strategies.

AUCKLAND

94 Franklin Road, Freemans Bay: A vacant character villa totalling 92sqm has sold for $1,000,000. Held by the same owner for 25 years, the premises occupies a 215sqm site in Business – Mixed Use zone, with favourable planning provisions for residential and commercial intensification. (James Were, Bayleys Auckland Metro)

96 Franklin Road, Freemans Bay: A neighbouring character villa, converted for commercial use has sold to an investor for $1,100,000, reflecting a 4.57% yield. The 93sqm office occupies a 215sqm Business – Mixed Use zoned site and is leased to a chiropractor who has operated from the property for more than 20 years. (James Were, Bayleys Auckland Metro)

90 Mt Eden Road, Mt Eden: A tenanted character investment spanning 314sqm on a 511sqm site in Business – Mixed Use zone has sold by a competitive tender process for $1,975,000, reflecting a 5.06% yield. Offered to the market for the first time in 20 years, the single-level premises with three car parks occupies a strategic position midway between Mt Eden Village and the Uptown precinct, poised to benefit from completion of the CRL and Auckland Grammar zoning. Two retailers – a specialist clothing and homeware retailer – trade from the building on varying lease arrangements. (Phil Haydock, James Were, Bayleys Auckland Metro)

67M Elizabeth Knox Place, St Johns: A unique industrial unit benefitting from a meticulous interior renovation has sold with vacant possession for $2,800,000. Comprising 474sqm over two levels of office accommodation and warehousing in a modern development, the property appealing to owner occupiers and small business owners for its bespoke presentation and high-quality finishes. (Matt Dell, Greg Hall, Bayleys South Auckland)

Unit 8, 132 Cavendish Drive, Manukau City: An industrial investment and seven on-site car parks occupied by a national auto tenant has sold under the hammer at auction for $1,325,000, reflecting a 5.60% yield. The 282sqm premises comprising trade retail and supporting warehousing occupies a corner position with full drive around access and profile to circa 80,000 daily passing vehicles. (Ash Martinus, Jean-Paul Smit, Tony Chaudhary, Harrison Gregory, Peter Hwang, Bayleys South Auckland)

95 Wiri Station Road, Wiri: A 1,290sqm facility occupying a 4,429sqm Business – Heavy Industry zoned site has sold by tender for $3,925,000. Located in the heart of Wiri’s industrial precinct, the property includes 58 on-site car parks and nearly 80m of frontage to Wiri Station Road – a key east-west arterial route. Occupied by a government tenant for the past 20 years, the premises is currently leased on a monthly basis, providing flexible occupancy options. (Matt Lee, James Chan, Bayleys International Markets; Greg Hall, Paul Steele, Bayleys South Auckland)

WAIKATO

61 Broadway, Matamata: A regional retail block has sold by the deadline to an investor for $660,000, reflecting a 9.95% yield. Four tenancies totalling 240sqm occupy a prominent 253sqm site at the intersection with Arawa Street, including a beauty shop, hair salon, insurance broker and café with varying lease arrangements. The accessible location within the Upper North island’s Golden Triangle economic zone provides long-term investment potential. (Willem Brown, Bayleys Hamilton)

CENTRAL NORTH ISLAND

109 Tuwharetoa Street, Taupō: A versatile residential property with commercial use rights has sold for $1,550,000, reflecting a 6.45% yield. The modern 392sqm dwelling has been converted for office use and occupies an accessible 1,012sqm site roughly 250m from Taupo’s CBD. A professional services tenant has a lease expiring in 2027, which attracted long-term redevelopment and alternate use enquiry. (Lucy Baxter, Gary Harwood, Bayleys Taupō)