Case Study: Units C & D, 90 Main Road, Kumeu
 
 
Description:
A popular retail complex on the main highway in Kumeu, comprising of approx 170sqm floor area.
 
 
 
Tenancy(s):
The property was returning $43,920 pa + GST with Allen’s Pharmacy as the tenant.
 
 
 
Campaign:
Four week Auction campaign.
 
 
 
Campaign Strategy:
Total Property Package was utilised. This featured a full colour page in Bayleys Total Property 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 75 enquiries.
 
 
 
Sale Price:
Competitive bidding saw the property sold under the hammer for $665,000 representing a 7.4% return.