Juice maker Charlie's has sold a West Auckland property for $2.5 million.
The company says the sale represents a $1.2 million gain compared to the book value of the building.
Proceeds of the sale will go towards reducing debt owed to the ANZ bank. Charlie's total borrowings now stand at $4.3 million.
The company says it has had a good start to the 2010 financial year, with sales for the year to date ahead of the same period last year.