Bidders more cautious at Bayleys auction

  • A total of 20 properties have so far sold from Bayleys’ second Total Property commercial and industrial portfolio auction for the year at a total value of over $31 million.

Bayleys’ national commercial auctioneer Richard Valintine says more than 70 per cent of 28 offerings in Auckland, Hamilton, Wellington and Christchurch have sold with more post auction sales expected.

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Following spirited bidding the property at 91 College Hill Road sold for $2,577,500. Photo / Supplied