Commercial Property Sales

Commercial Property Sales

Listed below are the details of commercial property sales throughout the country recorded by interest.co.nz.

This search yielded 805 results. All prices are exclusive of GST(if any).
Canterbury, Christchurch City
413 St Asaph Street, City
Property type: Office
Auction (unless sold prior)12pm , Thursday 12 Mar 20203 Deans Ave, Chch-Vacant possession - tenant vacating on or before 25 June 2020-Handy Phillipstown location-67% NBS-UninsuredThe property is we...more detail
Agent(s): Jeremy Speight,
Month of sale: March '20

Listing ID: 5511548
Sold for: $0.65m.
Yield: 11.34%

Canterbury, Christchurch City

413 St Asaph Street, City

Property type: Office

Auction (unless sold prior)12pm , Thursday 12 Mar 20203 Deans Ave, Chch-Vacant possession - tenant vacating on or before 25 June 2020-Handy Phillipstown location-67% NBS-UninsuredThe property is well located just off Fitzgerald Ave and close to the South Frame. This two level building sits at the rear of the title with eleven valuable car parks at the front. The building consists of mostly open plan offices with possible scope to repurpose the ground floor to workshops with roller door access. Two separate tenancies are also possible to split the risk. Work is required on the building to secure insurance but with vacant possession in June 2020 there is time to plan now and commence this work when ready. An excellent opportunity for value add investors and owner occupiers. Land area: 645sqmCar Parks: 11Zoning: Industrial General

Wellington, Lower Hutt City
Unit 4, 3 Britannia Street, Petone
Property type: Office
We are proud to be able to offer you the prime opportunity that Unit 4, 3 Britannia Street, Petone, Lower Hutt represents.Refurbished and partitioned to suit the smaller office tenant, a highly in ...more detail
Month of sale: March '20

Listing ID: 3252720
Sold for: $0.37m.
Yield: 7.79%

Wellington, Lower Hutt City

Unit 4, 3 Britannia Street, Petone

Property type: Office

We are proud to be able to offer you the prime opportunity that Unit 4, 3 Britannia Street, Petone, Lower Hutt represents.Refurbished and partitioned to suit the smaller office tenant, a highly in demand sector; the property offers entry level investors an affordable stepping stone into commercial property investment.Fully leased, each of the three tenants has the security and privacy of their own suite with sizes ranging from 26sqm to 56sqm, making them both desirable and affordable.We summarise the highlights of the property as follows:• Modern construction• Prominent building• Excellent leasing history• Current net income $28,815pa + GSTUnit 4, 3 Britannia Street, Petone, Lower Hutt is your opportunity to gain a foothold in the vibrant character Petone market, and own a property of which you can be truly proud.To obtain copies of the supplementary documents please visit: www.propertyfiles.co.nz/3britanniastreet

Wellington, Porirua City
5 Lyttelton Avenue, Porirua
Property type: Retail
Tenanted investment with potential upside The opportunity comprises a versatile freehold property, located in the busy main thoroughfare of Lyttelton Avenue, in the main CBD area of Porirua. The bu...more detail
Agent(s): Jon Pottinger,
Month of sale: March '20

Listing ID: 3252719
Sold for: $0.705m.
Yield: 5.11%

Wellington, Porirua City

5 Lyttelton Avenue, Porirua

Property type: Retail

Tenanted investment with potential upside The opportunity comprises a versatile freehold property, located in the busy main thoroughfare of Lyttelton Avenue, in the main CBD area of Porirua. The building has a floor area of 483sqm, with a showroom frontage and mezzanine to the rear. There is also parking for 8 cars at the rear of the property. Currently the property is tenanted by Ray White Real Estate on a relatively short lease term - enquire now. To obtain copies of all supplementary documents please register your details at www.propertyfiles.co.nz/5Lyttelton• Tenanted investment in Porirua CBD• Excellent location on busy main thoroughfare• Standalone freehold property• Potential to add value and increase rental returns

Wellington, Porirua City
Unit 5, 1 Hagley Street, Porirua
Property type: Retail
Vacant ground floor unit in a tightly held area.This opportunity will have wide appeal to both owner occupiers and investors, it is in an affordable price range with a good NBS rating of 60%.The pr...more detail
Agent(s): Jon Pottinger,
Month of sale: March '20

Listing ID: 3252728
Sold for: $500,000

Wellington, Porirua City

Unit 5, 1 Hagley Street, Porirua

Property type: Retail

Vacant ground floor unit in a tightly held area.This opportunity will have wide appeal to both owner occupiers and investors, it is in an affordable price range with a good NBS rating of 60%.The property comprises a ground floor tenancy of approx. 201sqm fronting onto the tightly held retail strip of Kilkerran Place in the Porirua CBD. It is currently configured as an office tenancy but could be converted into a food grade premises or other retail business operation. To obtain copies of all supplementary documents please register your details at www.propertyfiles.co.nz/1HagleyStreet• Medium sized vacant ground floor unit in a tightly held area• Appealing to both owner occupiers & investors• Affordable prince range • NBS rating of 60%

Manawatu / Wanganui, Manawatu
11 Manchester Square, Feilding
Property type: Retail
A superb quality freehold investment in a very affordable price range. This iconic character building has been seismically strengthened to 70% and is tenanted by LEK Limited trading as Thai House E...more detail
Month of sale: March '20

Listing ID: 3051502
Sold for: $0.55m.
Yield: 7.13%

Manawatu / Wanganui, Manawatu

11 Manchester Square, Feilding

Property type: Retail

A superb quality freehold investment in a very affordable price range. This iconic character building has been seismically strengthened to 70% and is tenanted by LEK Limited trading as Thai House Express on a new long term lease. Feilding is the thriving, wealthy farming hub of the Manawatu region. The vendors have done the work and are presenting a wonderful investment to the market. They are committed to selling at auction on the day.

Auckland, Auckland City
PU1/509-517 Ellerslie-Panmure Highway, Mt Wellington
Property type: Retail
• International fitness studio Orangetheory as tenant• Brand new building with a floor area of 251sqm (approx.)• Neighbouring tenancies include - St Pierres Sushi, McDonalds, Lola Cafe, Ray W...more detail
Month of sale: March '20

Listing ID: 1902328
Sold for: $1.965m.
Yield: 5.75%

Auckland, Auckland City

PU1/509-517 Ellerslie-Panmure Highway, Mt Wellington

Property type: Retail

• International fitness studio Orangetheory as tenant• Brand new building with a floor area of 251sqm (approx.)• Neighbouring tenancies include - St Pierres Sushi, McDonalds, Lola Cafe, Ray White etc.• High profile corner with main brand tenants in the area, returning $113,013 per annum plus GST and outgoingsWith two locations in Auckland already and more to come, Orangetheory fitness studio is an international chain of gyms. The property itself is newly constructed on a high profile corner facing Ellerslie - Panmure Highway and Mt Wellington Highway amongst well known branded tenants. Investors looking for a long term tenanted investment with fixed annual rental reviews should not over look this opportunity.This investment ticks all the boxes - new building, branded neighbouring tenants, and a strategic corner site close to public transport networks.To be sold by Auction (unless sold prior)11am, Wednesday 11th March 2020Bayleys House 30 Gaunt Street, Auckland CentralTony Chaudhary021 995 121tony.chaudhary@bayleys.co.nzJanak Darji021 047 1290janak.darji@bayleys.co.nzAmy Weng021 177 3422amy.weng@bayleys.co.nz

Sold
Auckland, Auckland City
21 Middleton Road, Remuera
Property details: 16 bed, 1 bath, 1 car
Property type: Hotel/Accommodation
Month of sale: March '20

Listing ID: 787597
Sold for: $3.43m + gst
Bay of Plenty, Tauranga
25/60 Parton Road, Papamoa
Property details: 1 bedroom(s), 1 bathroom(s)
Property type: Retail
Two for One opportunity with this solidly constructed ground floor retail/commercial suite with upstairs residential 1 bedroom plus study apartment in the Papamoa Business Village - seldom on open ...more detail
Month of sale: March '20

Listing ID: epa3324
Sold for: $560,000

Bay of Plenty, Tauranga

25/60 Parton Road, Papamoa

Property details: 1 bedroom(s), 1 bathroom(s)

Property type: Retail

Two for One opportunity with this solidly constructed ground floor retail/commercial suite with upstairs residential 1 bedroom plus study apartment in the Papamoa Business Village - seldom on open market and well sought after! Can be let separately or work from downstairs and live up. Your choice! Just a short walk to the beach and convenience of a 24hr gym and cafe in the complex. Curious? Ring us for further information.

Auckland, Auckland City
PU4/509-517 Ellerslie-Panmure Highway, Mt Wellington
Property details: Corner position in brand new building, leased to cafe operator.
Property type: Retail
• Premium corner location in a very strategic location• New eight year lease from a proven and award winning operator• Built in rental growth of 2% per annum• Returning $131,752.40pa + GST ...more detail
Month of sale: March '20

Listing ID: 1902330
Sold for: $2.66m.
Yield: 4.95%

Auckland, Auckland City

PU4/509-517 Ellerslie-Panmure Highway, Mt Wellington

Property details: Corner position in brand new building, leased to cafe operator.

Property type: Retail

• Premium corner location in a very strategic location• New eight year lease from a proven and award winning operator• Built in rental growth of 2% per annum• Returning $131,752.40pa + GST & OutgoingsBeing a brand new building amongst three other units, investors should capitalise on the opportunity to secure this long term passive investment at the strategic junction of Mt Wellington, Ellerslie and Panmure. This corner unit is currently leased to Lola Cafe, a proven operator with previous cafes being the award winning Charlie & George and Flour Mill in Epsom.Neighbouring tenants include - St Pierre's Sushi, McDonald's, Ray White, Orangetheory Fitness etc.With a lack of quality retail investments around and very limited retail vacancy in Mt Wellington, investors should take note of this outstanding road front unit. An investment not to be missed - quality tenant, new building, road front unit, branded neighbouring tenants.To be Auctioned (unless sold prior)11am, Wednesday 11th March 2020Bayleys House 30 Gaunt Street, Auckland CentralTony Chaudhary021 995 121tony.chaudhary@bayleys.co.nzJanak Darji021 047 1290janak.darji@bayleys.co.nzAmy Weng021 177 3422amy.weng@bayleys.co.nz

Auckland, Auckland City
PU2/509-517 Ellerslie-Panmure Highway, Mt Wellington
Property details: 240sqm office building with two tenancies.
Property type: Office
• Two well established brands Ray White & Physio Connect as tenants• New building in strategic Mt Wellington • Long term leases with fixed annual rental growth• Combined floor area of 2...more detail
Month of sale: March '20

Listing ID: 1902329
Sold for: $2.675m.
Yield: 4.7%

Auckland, Auckland City

PU2/509-517 Ellerslie-Panmure Highway, Mt Wellington

Property details: 240sqm office building with two tenancies.

Property type: Office

• Two well established brands Ray White & Physio Connect as tenants• New building in strategic Mt Wellington • Long term leases with fixed annual rental growth• Combined floor area of 240sqm (approx.)• Returning a combined income of $125,900pa +GST & Outgoings (approx.)A very rare and quality split risk investment in the strategic location of Mt Wellington. Being recently developed by Argyle Estates, this property should entice investors looking for the ultimate passive investment with diversified income streams. Branded tenants include Ray White and Physio Connect both with branches throughout Auckland and should further generate investor confidence not only in the property but the location as well. Being amongst branded tenants that include Mc Donald's, St Pierres Sushi and Orangetheory Fitness, investors should take advantage of infrastructural upgrades and residential growth occurring in the near vicinity. Furthermore, the site is underpinned by a lack of new retail within Mt Wellington itself and split risk investments of this nature should not be missed. A brand new building that should satisfy the most astute investor.To be sold by Auction (unless sold prior)11am, Wednesday 11th March 2020Bayleys House 30 Gaunt Street, Auckland CentralTony Chaudhary021 995 121tony.chaudhary@bayleys.co.nzJanak Darji021 047 1290janak.darji@bayleys.co.nzAmy Weng021 177 3422amy.weng@bayleys.co.nz

Auckland, Auckland City
22 McColl Street, Newmarket
Property details: Vacant 566sqm, versatile, refubished office space.
Property type: Office
• Meticulously refurbished character building - these are hard to find!• Versatile building offering 566.30 square metres (approx.) of beautifully presented spaces suitable for retail, offices ...more detail
Month of sale: March '20

Listing ID: 1689765
Sold for: $3.5m

Auckland, Auckland City

22 McColl Street, Newmarket

Property details: Vacant 566sqm, versatile, refubished office space.

Property type: Office

• Meticulously refurbished character building - these are hard to find!• Versatile building offering 566.30 square metres (approx.) of beautifully presented spaces suitable for retail, offices and residential. • Rare opportunity in the vibrant 'Roxburgh Hub' close to the wide range of amenity Newmarket has to offer• Offered vacant possession offering opportunity for owner occupiers, investors and residential users - this should not be missed!22 McColl Street is perfectly located amongst the rich array of amenity Newmarket has to offer. It forms part of the 'Roxburgh Hub', a vibrant area that is experiencing significant change of growth and home to a diverse range of business including the popular Maison Vauron wine store, L'Atelier du Fromage, Little & Friday and L'Affare cafes. The property is well situated in the 'double grammar' zone, and with good transport offerings including two nearby railway stations. Major developments nearby include Scentre Group's Westfield expansion, Mercury Energy's new $143 million headquarters and the ex-Lion Breweries site which is being developed into a major University of Auckland campus.Here is your chance to secure a truly stunning property in this highly sought-after position. It has been diligently maintained and has an earthquake (IEP) rating of 80% NBS. The character building will suit a wide range of occupiers whether office, showroom, residential or work/live. Upstairs would make for an enviable loft style apartment.Future add value options are provided by the underlying zoning which allows for a maximum height of 72.5 metres (subject to other council restrictions). A versatile and immaculately presented Newmarket freehold standalone property that simply can't be missed!

Auckland, North Shore City
21 Park Hill Road, Birkenhead
Property details: Childcare centre on 716sqm site.
Property type: Childcare/Medical facility
• Purpose-built centre completed October 2017• Proven and experienced operator• Brand new 15 years long-term lease started from 10th Jan 2020 with built in growth and bank guarantee• Net re...more detail
Month of sale: March '20

Listing ID: 1689566
Sold for: $1.968m.
Yield: 4.85%

Auckland, North Shore City

21 Park Hill Road, Birkenhead

Property details: Childcare centre on 716sqm site.

Property type: Childcare/Medical facility

• Purpose-built centre completed October 2017• Proven and experienced operator• Brand new 15 years long-term lease started from 10th Jan 2020 with built in growth and bank guarantee• Net rental: $95,550 pa + GSTAttention all passive investors, this is an opportunity to secure a hands off, bottom drawer investment in Birkenhead. Purpose built completed end of 2017, to high specifications (100% of NBS, Grade A Seismic Rating), the property is extremely well presented in an area with strong population support.Licensed for 35 children, and tenanted by a proven childcare operator on a new 15 year lease with rights of renewal through until 2042; the property is in close proximaity to Birkenhead primary school, Birkenhead college, local library and benefits from nearby shopping centres, cafes and sports grounds.New and seasoned investors should take advantage of this long-term passive investment opportunity.

Waikato, Hamilton City
19 Kahu Crescent, Te Rapa
Property type: Childcare/Medical facility
• Established and experienced tenant with multiple locations• Strong growth sector situated in a large childcare catchment• Low maintenance near new buildingThis property presents an investme...more detail
Month of sale: March '20

Listing ID: 2311047
Sold for: $2,700,000

Waikato, Hamilton City

19 Kahu Crescent, Te Rapa

Property type: Childcare/Medical facility

• Established and experienced tenant with multiple locations• Strong growth sector situated in a large childcare catchment• Low maintenance near new buildingThis property presents an investment opportunity in a strong growth sector. Situated in Te Rapa, a booming northern suburb of Hamilton amongst other operators like Harvey Norman, Ebbett Waikato, Placemakers, The Base and more. This investment opportunity is underpinned by strong demand for quality childcare.The building is in near new condition providing low maintenance on approximately 2,002sqm site, with 510sqm (more or less) buildings and the balance in outdoor area and parking.The tenant has an established background in childcare with another property in Hamilton and one in New Plymouth. With a long-term lease of 6 x 6 x 6 years this property is a great investment within a growth sector in a growing area of Hamilton.Children are our future, invest today!

Waikato, Waipa
14 Hautapu Road, Cambridge
Property type: Warehouse/Industrial
• Very high profile corner site fronting State Highway 1B• Less than 1km to Waikato expressway• New 57ha $250 million business & industrial estate nearbyCambridge is the growth capital of...more detail
Agent(s): Willem Brown,
Month of sale: March '20

Listing ID: 2311062
Sold for: $1,300,000

Waikato, Waipa

14 Hautapu Road, Cambridge

Property type: Warehouse/Industrial

• Very high profile corner site fronting State Highway 1B• Less than 1km to Waikato expressway• New 57ha $250 million business & industrial estate nearbyCambridge is the growth capital of Waipa District and opportunities to purchase industrial properties are extremely limited. This substantial 1,643sqm (more or less) property in Hautapu lies in the hub of a very popular industrial area. Waikato Expressway is less than 1km away and the town's new 57ha $250 million business and industrial estate is in short walking distance. The property dominates a high profile corner site fronting SH1B. It is zoned industrial and includes an additional 1,078sqm (more or less) of bare land which is leased long-term from KiwiRail. A huge building sits prominently on the lot. Constructed in the 1960s and extended in 2004, the resulting 954sqm floor area (more or less) provides impressive space. Approximately 358sqm comprises office facilities on two levels and includes a first floor lunchroom while the remaining 596sqm is dedicated workshop/warehouse space. The size, layout, soaring 3m and 6m stud heights and two 3.2 tonne gantry cranes create a flexible environment suited to large and diverse business types. The magnitude of this property, its high visibility and location ensure a superb investment long into the future.

Auckland, North Shore City
10B/21 Corinthian Drive, Albany
Property details: 244sqm retail unit in Orchard Park retail hub
Property type: Retail
• Located in the biggest food and beverage precinct on the North Shore• Corner unit with dual access• Reputable tenant with new 10-year lease and rental bond• Extensive fit-out creating cos...more detail
Month of sale: March '20

Listing ID: 1503153

Auckland, North Shore City

10B/21 Corinthian Drive, Albany

Property details: 244sqm retail unit in Orchard Park retail hub

Property type: Retail

• Located in the biggest food and beverage precinct on the North Shore• Corner unit with dual access• Reputable tenant with new 10-year lease and rental bond• Extensive fit-out creating cosy dining environmentSmash your property investment in 2020 by adding this gem to your portfolio. Offered to the market is a 244sqm (approximately) prime retail unit located in the the biggest food and beverage centre on the North Shore - Orchard Park Retail Hub.This property is situated on a strategic corner position with superb frontage facing the roundabout at the intersection of Corinthian Drive and Data Way. Leased to a reputable restaurant (Black Rice) on a new 10-year lease, this property also provides extra security with a rental bond in addition to personal guarantee. Encompassing a diverse array of countries, cultures and cuisines, Black Rice is a restaurant which offers an unparalleled fusion dining experience with an almost endless supply of cooking inspiration to draw from. The restaurant consists of a central dinning lobby, a function lounge, a VIP room, bar and commercial kitchen, aswell as a mezzanine which can be used as an office/storage. The extensive fit-out creates a cosy dining environment, which certainly encourages guests to stay and relax a while.

Auckland, Auckland City
12/28 Remuera Road, Newmarket
Property details: 71sqm vacant retail unit.
Property type: Retail
• Well located in the Newmarket Station Square• Duo entrance from Broadway and Remuera Road• 71sqm floor area (approximately)• Vacant possession ready to occupyThis property comprises a fre...more detail
Month of sale: March '20

Listing ID: 1689552
Sold for: $425,000

Auckland, Auckland City

12/28 Remuera Road, Newmarket

Property details: 71sqm vacant retail unit.

Property type: Retail

• Well located in the Newmarket Station Square• Duo entrance from Broadway and Remuera Road• 71sqm floor area (approximately)• Vacant possession ready to occupyThis property comprises a freehold retail unit situated in the popular Newmarket Station Square, one of the fastest growing suburbs in Auckland City. This shopping complex comprises 32 retails shops lead onto the Newmarket railway station (second-busiest station in Auckland). This functional space is surrounded by apartments, essential servicing local residents. Near neighbours including Smith andCaughey's, Westfield shopping mall, different types of cuisine, fashion and services.

Auckland, North Shore City
16H Link Drive, Wairau Valley
Property details: 470sqm commercial premises on two levels operated as a karaoke cafe
Property type: Retail
* Established tenant, Go go cafe music, net returning $78,000 + GST pa.* Final expiry date on 16 June 2033 if all rights of renewals are exercised* Situated in the highly sought after Link Drive of...more detail
Month of sale: March '20

Listing ID: 1689492
Sold for: $1.24m.
Yield: 6.29%

Auckland, North Shore City

16H Link Drive, Wairau Valley

Property details: 470sqm commercial premises on two levels operated as a karaoke cafe

Property type: Retail

* Established tenant, Go go cafe music, net returning $78,000 + GST pa.* Final expiry date on 16 June 2033 if all rights of renewals are exercised* Situated in the highly sought after Link Drive of Wairau Valley* Approx. 470sqm floor area with 8 allocated car parks On offer is a food & entertainment freehold unit which is well-positioned in the popular commercial precinct of Wairau Valley. The floor area is approximately 470sqm over two levels including restaurant and Karaoke music rooms.Nearby businesses are Harvey Norman, Spotlight, Placemakers, Resene, Warehouse Stationery, Noel Leeming, HOYTS and Freedom Furniture amongst many high quality retails.This is one building you would be proud to own.For more information please refer to http://www.propertyfiles.co.nz/1689492

Auckland, Manukau City
4/2 Bishop Browne Place, Flat Bush
Property details: 194sqm office office/retail space on two levels.
Property type: Office
• 194sqm two level office• Excellent fit out on both levels• Spaces configured to be leased separately• Two exclusive car parks plus access to common spaces• Will suit owner occupiers and...more detail
Month of sale: March '20

Listing ID: 1902295
Sold for: $880,000.

Auckland, Manukau City

4/2 Bishop Browne Place, Flat Bush

Property details: 194sqm office office/retail space on two levels.

Property type: Office

• 194sqm two level office• Excellent fit out on both levels• Spaces configured to be leased separately• Two exclusive car parks plus access to common spaces• Will suit owner occupiers and add value investorsBishops Gate Business Park rarely has office units available for purchase and this modern commercial investment is expected to gain a lot of interest from owner occupiers and investors alike.With a vacant first floor office space and ground floor retail providing a holdingincome this property offers flexibility and good return potential.For further information or to arrange to view contact the sole agents:Geoff Wyatt021 982 322geoff.wyatt@bayleys.co.nzNelson Raines021 555 673nelson.raines@bayleys.co.nz

Auckland, North Shore City
2/96 Rosedale Road, Albany
Property details: 90sqm retail premises
Property type: Retail
• Tenanted investment returning $55,000pa + GST and outgoings • Established tenant and rental bond • Located at the entrance of a low vacancy retail centre wth ample of car parking • Mature...more detail
Month of sale: March '20

Listing ID: 1503138
Sold for: $955,000.
Yield: 5.75%

Auckland, North Shore City

2/96 Rosedale Road, Albany

Property details: 90sqm retail premises

Property type: Retail

• Tenanted investment returning $55,000pa + GST and outgoings • Established tenant and rental bond • Located at the entrance of a low vacancy retail centre wth ample of car parking • Mature commercial precinct with massive recent expansion • Hand-in-hand with two giant supermarket anchor tenants Comprising retail area of 90sqm (approximately), this property is located at one of the three entrances of Rosedale Retail Centre. Established tenant has been operating since the opening of the complex. A rental bond is in place in addition to personal guarantee. Rosedale Retail Centre is a popular retail complex consisting of 39 shops with a comprehensive range of restaurants, retail and service providers. Two supermarket giants have established a strong presence in the eastern and western corners, bringing in tremendous traffic. The vibrant centre strategically sits in the midst of an established catchment of residential and commercial precinct, taking advantage of 19,200 average daily traffic on Rosedale Road. Albany is booming, various commercial and infrastructure development projects are happening: $500m Westfield Albany expansion planned; hundreds of Auckland Council staff will move into a new $120 million Albany block, comprising of approx. 2.6ha indoor floor space, expected to be completed in three years; the NZ Transport Agency and Auckland Transport (AT) are working together to develop plans which is part of Northern Corridor Improvements Project on Auckland's North Shore for a new busway station built by 2022, improving transport options for people working in and visiting this area. The future is now. Call Bayleys Agents for more information and to arrange an inspection today.

Auckland, Auckland City
1234 Great North Road, Pt Chevalier
Property details: 101sqm retail premises with four tenancies.
Property type: Retail
• High-profile Pt Chevalier town centre• Single-level freehold standalone building• Split risk with four tenants• Gross rental $34,105.12 pa + GSTAn affordable freehold standalone property ...more detail
Month of sale: March '20

Listing ID: 1689425
Sold for: $585,000.
Yield: 5.82%

Auckland, Auckland City

1234 Great North Road, Pt Chevalier

Property details: 101sqm retail premises with four tenancies.

Property type: Retail

• High-profile Pt Chevalier town centre• Single-level freehold standalone building• Split risk with four tenants• Gross rental $34,105.12 pa + GSTAn affordable freehold standalone property occupies a prominent position in the tightly held Pt Chevalier town centre, a sought-after commercial precinct surrounded by other national or international tenant and affluent residential suburbs.Situated on the corner of Great North Road and Carrington Road, established neighbours in the immediate area include McDonalds, KFC, Domino's, Mobil, Z Energy, retail shops, eateries and services.The property features a mix of four tenancies including acupuncture, podiatry, physio and Phantom Billstickers providing an attractive risk diversification element returning $34,105.12pa + GST.The property is tenanted from four tenancies; currently returning a gross rental income of $34,105.12 pa + GST. Full tenancy details are available on request.

Auckland, Waitakere City
A/254 Lincoln Road, Henderson
Property details: 96sqm retail premises with one car park.
Property type: Retail
• Tenanted by Boss Vape, returning net $26,000 + GST• Floor area 96sqm (more or less) with one allocated car park plus shared common parking• High profile Lincoln Road location in a popular r...more detail
Agent(s): Matt Lee, James Chan,
Month of sale: March '20

Listing ID: 1689704
Sold for: $522,000.
Yield: 4.98%

Auckland, Waitakere City

A/254 Lincoln Road, Henderson

Property details: 96sqm retail premises with one car park.

Property type: Retail

• Tenanted by Boss Vape, returning net $26,000 + GST• Floor area 96sqm (more or less) with one allocated car park plus shared common parking• High profile Lincoln Road location in a popular retail hotspot• Unit A and Unit H - two small affordable freehold retail investments, buy one or both!An affordable retail investment offered to the market - the first time in 18 years. Unit A is tenanted by Boss Vape with a brand new 3 year lease from 2019 and returning net $26,000 + GST.Located just off the main intersection of Lincoln Road and Universal Drive, the unit is situated in a popular retail block consisting of a popular and established tenancy mix with zero retail vacancy. Situated next door is Lincoln North Shopping Centre, home to KFC, BNZ Bank, ANZ Bank, Westpac, Pizza Hut and more, with Pak n Save and Mitre 10 Mega in close proximity.To be sold separately, Unit A and Unit H represent excellent entry level/small retail investments located in a busy and high profile precinct.Please find more details of Unit H from link below:https://www.bayleys.co.nz/1689684

Auckland, Waitakere City
H/254 Lincoln Road, Henderson
Property details: 88sqm retail premises with one car park.
Property type: Retail
• Tenanted by Lincoln Superette on a monthly lease basis• Floor area 88sqm (more or less) with one allocated car park plus shared common parking• High profile Lincoln Road location in a popul...more detail
Agent(s): Matt Lee, James Chan,
Month of sale: March '20

Listing ID: 1689684
Sold for: $545,000.
Yield: 5.79%

Auckland, Waitakere City

H/254 Lincoln Road, Henderson

Property details: 88sqm retail premises with one car park.

Property type: Retail

• Tenanted by Lincoln Superette on a monthly lease basis• Floor area 88sqm (more or less) with one allocated car park plus shared common parking• High profile Lincoln Road location in a popular retail hotspot• Unit A and Unit H - two small affordable freehold retail units, buy one or both!An affordable retail opportunity offered to the market - the first time in 18 years. A long term established Superette, having been at the premises for close to 20 years, the tenant is currently on a monthly lease basis (returning net $31,570 + GST), presenting an opportunity to negotiate with the current tenant on a long term lease, or more favourably add value or utilise the premises as an owner occupier.Located just off the main intersection of Lincoln Road and Universal Drive, the unit is situated in a popular retail block consisting of a popular and established tenancy mix currently with zero retail vacancy. Situated next door is Lincoln North Shopping Centre, home to KFC, BNZ Bank, ANZ Bank, Westpac, Pizza Hut and more, with Pak n Save and Mitre 10 Mega in close proximity.To be sold separately, Unit A (a tenanted investment returning $26,000pa + GST) and Unit H represent excellent entry level/small retail opportunities located in a busy and high profile precinct.Please find more details of Unit A from the link below:https://www.bayleys.co.nz/1689704

Auckland, North Shore City
A and B/36 Arrenway Drive, Albany
Property details: Two office buildings next to Interplex Business Park.
Property type: Office
• Opportunity to buy one or both offerings• Intention to offer both properties as one in the first instance, or alternatively they will be sold separately• Established tenants• Two tenants ...more detail
Month of sale: March '20

Listing ID: 1503150
Sold for: $3.26m.
Yield: 3.92%.

Auckland, North Shore City

A and B/36 Arrenway Drive, Albany

Property details: Two office buildings next to Interplex Business Park.

Property type: Office

• Opportunity to buy one or both offerings• Intention to offer both properties as one in the first instance, or alternatively they will be sold separately• Established tenants• Two tenants currently returning a total of $128,000pa + GST and outgoings• Modern construction• Rent review pending for Unit B in May 2020Two modern and functional buildings sharing common yard built circa 2004. This is a rare opportunity to purchase one or both units in this tightly held location.The premises are located adjacent to the Interplex Business Park - a modern and upmarket precinct which has attracted a range of national and high profile tenants to the location.It is also in close proximity to major motorway interchanges at Tawa Drive.The area is experiencing very low vacancy levels which further adds to the attractiveness of this offering.

Auckland, Auckland City
233 Taniwha Street, Glen Innes
Property details: Commercial premises with dual street frontages.
Property type: Retail
• Well presented freehold standalone investment• Currently returning $70,000 + GST p.a. (net)• 430sqm site with dual street frontage and Business - Town Centre zoning• Poised to benefit fro...more detail
Month of sale: March '20

Listing ID: 1689671
Sold for: $1.457m.
Yield: 3.98%

Auckland, Auckland City

233 Taniwha Street, Glen Innes

Property details: Commercial premises with dual street frontages.

Property type: Retail

• Well presented freehold standalone investment• Currently returning $70,000 + GST p.a. (net)• 430sqm site with dual street frontage and Business - Town Centre zoning• Poised to benefit from the Tamaki Regeneration Programme• Savvy investors with an eye for the future must investigate233 Taniwha offers an attainable standalone investment with significant future upside.Positioned in the heart of Glenn Innes and set to benefit from the largest urban regeneration project in New Zealand, the Tamaki Regeneration Programme. Well presented and leased to a proven operator the property returns $70,000 net pa + GST.Occupying a 430sqm freehold site with dual street frontage and a 32.5m height overlay 233 Taniwha Street has significant future development potential. Savvy investors with an eye for the future must investigate.

Auckland, Auckland City
28 Belgium Street, Ostend
Property details: New retail/office building.
Property type: Retail
The building is new. The location couldn't be better. This prime commercial opportunity is first time to market and interest is expected to be high. Sitting pretty on the main road, just a stone's ...more detail
Agent(s): Mana Tahapehi,
Month of sale: March '20

Listing ID: 2151467
Sold for: $2.6m.
Yield: 5.11%

Auckland, Auckland City

28 Belgium Street, Ostend

Property details: New retail/office building.

Property type: Retail

The building is new. The location couldn't be better. This prime commercial opportunity is first time to market and interest is expected to be high. Sitting pretty on the main road, just a stone's throw from the supermarket complex in the heart of Ostend, this attractive retail and office development is fully leased and ready for a new owner to reap the rental rewards.The development comprises three retail units on the ground floor, two with premium road frontage, and three office spaces on the top floor, accessed via the rear of the development. Its high stud makes most of the natural light, and there's fibre connectivity to all units.This superior street-front location in the ever-expanding retail hub of the island offers high visibility plus good foot traffic, with the Ostend market and RSA over the road as well as takeaways, a bottle shop and other retail offerings nearby.The upper floor of 165sqm includes shared kitchenette and toilet facilities for the three office spaces. The ground floor is 193sqm and includes similar shared facilities for the retail units. The office leases and one of the retail units come with one designated on-site car parking space, while the two further retails units have two spaces each.The flat concrete driveway and flat parking area are a bonus to this already appealing investment.This brand new building is fully compliant with all the latest building standards. Everything has been thought of, including a solid disabled access ramp to the higher floor.With an income of $133,000pa, this is a highly desirable retail and commercial opportunity for the savvy landlord ready to grab a prime stake on arguably the best street in town.To download all documents go to http/www.bayleys.co.nz/2151467

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