Total Property Issue 6 2026 latest sales results

Bayleys’ latest Total Property auction results span tenanted retail and industrial investments, vacant premises and properties with scope to add value. Across the regions, buyers secured assets offering established income, a path to occupation or flexibility for future leasing.

 

Auckland

Unit B, 1-19 Cammish Lane, Orewa: A 190sqm commercial unit has sold for $1,125,000, reflecting a 6.66% yield. Located in a neighbourhood retail precinct, the property is tenanted by one of New Zealand’s largest dental providers with a lease to 2028 and 1x3yrRoR, which appealed to investors for its strong tenant covenant in an established coastal community. (Graeme Perigo, Marie Hansen, Bayleys Commercial in the North)

37 Patiki Road, Avondale: A 698sqm industrial property has sold with vacant possession for $2,550,000. Comprising warehousing and workshop areas with modern offices and amenities over two levels, the road-front premises occupy a 1,029sqm site in Business - Heavy Industry zone within the low-vacancy Rosebank industrial precinct. (Alister Hitchcock, Mark Preston, Bayleys Northwest)

1021 Dominion Road, Mount Roskill: A mixed-use property with approximately 198sqm of lettable area has sold with vacant possession for $628,000. The standalone building occupies a 310sqm site zoned Business - Local Centre and comprises road-front premises suitable for retail or office use, plus a basement with potential for storage, workshop or residential use, subject to necessary consents. The property sold individually at auction as part of a five-property portfolio. (James Chan, Matt Lee, Millie Liang, Bayleys Auckland)

1232 Dominion Road, Mount Roskill: A versatile blank canvas property comprising circa 298sqm across three levels has sold with vacant possession for $750,000. Comprising a ground floor showroom with a rear kitchen and bathrooms, separately accessible first floor offices and a basement accessed via a shared driveway off Keystone Avenue, the 160sqm site in Business - Local Centre zone represented a strong owner-occupier or future development opportunity. (James Chan, Matt Lee, Bayleys Auckland)

1244 Dominion Road, Mount Roskill: A 75sqm commercial premises with rear car parking has sold with vacant possession for $591,000. Occupying a road-front position on one of Auckland’s key connecting roads, the 212sqm site zoned Business - Local Centre attracted attention from both add-value investors and owner-occupiers for its position in a well-established transport corridor. (Matt Lee, James Chan, Quinn Ngo, Bayleys Auckland)

1315 Dominion Road Extension, Mount Roskill: A single-level dwelling on a 675sqm site zoned for residential intensification has sold with vacant possession for $1,267,000. Positioned to benefit from population growth and local investment into transport infrastructure, the property, which is zoned Residential - Mixed Housing Suburban attracted attention from long-term investors and those exploring development opportunities in the well-connected community. (James Chan, Matt Lee, Karen Yung, Bayleys Auckland)

Waikato and Bay of Plenty

12 Pipiroa Road, Ngatea: Industrial buildings totalling 460sqm on a land parcel of 1,618sqm have sold part-occupied with an expiring lease for $720,000. Comprising two titles proximate to the SH2 intersection, the property provided established passive income with vacant workshop space ready for owner operation or a new tenant. (Josh Smith, Bayleys Hamilton)

Central North Island

16 Roberts Street, Taupō: A 1,123sqm lakefront site directly opposite Roberts Street Lakefront Reserve has sold for $3,185,000, reflecting a 5.00% yield. The property comprises a 256sqm drive-through takeaway outlet occupied by Restaurant Brands under a new six-year lease to 2032, combining an established tenant with a prominent position near the town centre. (Gary Harwood, Lisa Christsensen, Bayleys Taupō)

Lower North Island

60 Fitzherbert Street, Petone: A single-storey industrial building totalling 1,156sqm with 13 on-site car parks has sold for $2,700,000, reflecting an 8.50% yield. Comprising a clear-span warehouse, office and showroom accommodation with dual street frontage on a 1,485sqm site in General Business zone, the property is occupied by a food service supplier with a new six year lease to 2032 and favourable lease terms including fixed annual increases of 2.50%. (Fraser Press, Oliver Hourigan, Bayleys Wellington)

 

51 Victoria Street, Petone: A 256sqm industrial premises with two on-site car parks has sold with vacant possession for $600,000. Comprising versatile, column-free warehousing with office and staff amenity, the property has an estimated rental return of circa $46,635 net pa, giving a potential yield of 7.80% on the purchase price. (Oliver Hourigan, Paul Cudby, Bayleys Wellington)

South Island

32B Hayton Road, Wigram, Christchurch: A 262sqm industrial premises with five on-site car parks and a seismic assessment of 75% of NBS has sold for $762,000, reflecting a 5.50% yield. Comprising high-stud warehousing with offices over two levels, the property benefits from proximity to the airport precinct, major transport corridors and an established industrial location. The property is tenanted by a commercial supplier, in occupation for 20 years, and has a current term to 2030. (Alex White, Stewart White, Bayleys Christchurch)