Corner Dairy sells for $1,615,000

A corner dairy in Mangere sold this afternoon at the Bayleys Total Property Auctions for $1,615,000.

To be fair, it was actually three tenancies, a superette, a takeaway, and a liquor store.

Located at 113 Favona Rd rental income was $52,064 p.a. providing a yield of 3.22%.

113 Favona