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Record yield half a century in the making

A posh two-bedroom apartment on top of a Grafton pharmacy and sushi shop in Auckland pushed the property's yield to a record 3% when it sold at auction for more than $2.5m.

Sally Lindsay for NBR NZ Property Investor
Tue, 19 May 2015

A posh two-bedroom apartment on top of a Grafton pharmacy and sushi shop in Auckland pushed the property’s yield to a record 3% when it sold at auction for more than $2.5 million. 

On a land and building basis, the 379m2 property equates to about $8000 a square metre. It’s believed a family trust

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Sally Lindsay for NBR NZ Property Investor
Tue, 19 May 2015
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Record yield half a century in the making
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