The net rental yields dropped well below 5% for the most sought after properties, with a tenanted commercial premises on a corner site in Takapuna selling for $2.07 million which provided a net yield of 2.42%, although that probably reflected the property's development potential...
while a retail shop with a flat above it in Remuera's main shopping strip sold for $830,000, providing a yield of 3.79%.
while a retail shop with a flat above it in Remuera's main shopping strip sold for $830,000, providing a yield of 3.79%.
Comment