The sale of several ASB Bank-tenanted outlets at sharp yields reflects lack of Auckland investment stock to satisfy high investor demand.
The bank outlets were all on relatively short three-year leases and three of them face the prospect of earthquake strengthening.
Real estate brokers
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Chris Hutching for NBR NZ Property Investor
Tue, 13 Aug 2013
Tue, 13 Aug 2013
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ASB Bank-tenanted outlet sales: sharp yields even with short leases and seismic issues
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