Petone caryard site hits market, office sets new recordSUPPLIED 24 Railway Ave in Petone is currently leased as a caryard. Multiple offers were received when tenders closed this week for 24 Railway Ave, currently leased by Coventry Cars, although it was described as having scope for many uses. The 1153 square metre property has an RV of $1.66 million and generates rental income of about $150,000 a year plus GST. none A warehouse/office at 10 Petone Ave sold at auction for a per square metre price of $2268/sqm, a record for Petone. The price was a record for the Petone industrial market, equating to $2268 per square metre, comfortably eclipsing the previous record of $1750/sqm.

Source: Stuff September 15, 2017 01:41 UTC