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)

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)

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 $1,100,000, reflecting a 7.65% 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)