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.
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
Tue, 19 May 2015
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Record yield half a century in the making
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