• Siânmarie White

June 25th Auction Results

Bayleys held their first auction since the Covid-19 lockdown. Whilst the properties offered to the market were mainly located within the greater Waikato the results show little movement in capitalisation rates.


This is confirmed by the auction that was held the week prior by NAI Harcourts. A summary of result are as follows:

  • 12 Newton Place - A basic workshop with large land component leased to Sayer Drainage on a 4 year sale and leaseback arrangement sold for $1,317,000 at a 5.47%.

  • 127 Tasman Road - A land sale which sold for $1,040,000 at a rate of $328.91/sqm

  • 128-130 Maniapoto Street, Otorohanga - Sold for $658,000 at a 7.02% cap rate



Bayleys auction - 25 June 2020
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42 Liverpool Street

PO Box 795

Hamilton, 3204

New Zealand