Case Study: 46 View Road, Wairau Valley
 
Description:
A modern standalone commercial property comprising of approx. 3602sqm of building on a site area of approx. 6892sqm.
 
Tenancy(s):
The property was returning $570,363 pa + GST with Mitre 10 Head Office as the tenant.
 
Campaign:
Four week Deadline Private Treaty campaign.
 
Campaign Strategy:
Greater Auckland full page package was utilised. This featured a full colour page in Bayleys Greater Auckland Portfolio, colour display advertising in the New Zealand Herald, internet page, signage and HTML email to personal purchaser database.
 
Given the quality location and well known tenant in place, investors were chosen as the target market
 
Market Response:
A total of 73 enquiries.
 
Sale Price:
The property sold for $6,500,000 representing 8.7% return.