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Commercial Property Sales

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

This search yielded 955 results. All prices are exclusive of GST(if any).

Sold
Wellington, Kapiti Coast
5 Sheffield Street, Paraparaumu

Property type: Warehouse/Industrial
Fully leased, this versatile building is configured as a mix of high stud warehouse with newly refurbished offices and has 21 onsite carparks. The property is perfectly situated for maximum amenity va... more detail
Listing ID:
3252194
Sold for:
$0.915m.
Yield:
11.26%

Sold
Wellington, Kapiti Coast
5 Sheffield Street, Paraparaumu


Property type: Warehouse/Industrial

Fully leased, this versatile building is configured as a mix of high stud warehouse with newly refurbished offices and has 21 onsite carparks. The property is perfectly situated for maximum amenity value, being only half a kilometre from the expressway and three or four minutes' drive to the Coastlands shopping centre, main transport hub and local airport.This investment provides the comfort of split risk across four tenants including the well known Tuatara Brewery and a mix of three well respected local tenants making it a rare opportunity in this tight investment market. • Immaculately presented • In the heart of the Kapiti industrial precinct • Just moments from the expressway • With great parking • And split risk across four tenants For further information and supplementary documents please visit: http://www.propertyfiles.co.nz/property/sheffield
Listing ID
3252194

Month of sale:
April '19

Property value
$0.915m.

Yield
11.26%

Agent(s):
Paul Adams



Sold
Wellington, Lower Hutt City
20, 21 and 22/374 Jackson Street, Petone

Property type: Retail
These ground floor retail units are part of the Pito-One Apartment complex a striking building constructed in 2006. This is a landmark property with a superb location and excellent street appeal. Full... more detail
Listing ID:
3252206
Sold for:
$1.63m.
Yield:
7.4%

Sold
Wellington, Lower Hutt City
20, 21 and 22/374 Jackson Street, Petone


Property type: Retail

These ground floor retail units are part of the Pito-One Apartment complex a striking building constructed in 2006. This is a landmark property with a superb location and excellent street appeal. Fully leased to two quality tenants on long term leases and positioned on one of the highest profile corners of popular Jackson Street, Petone making it a rare opportunity indeed.Positioned in the regions preferred small business and boutique shopping location, points to a rosy future for this outstanding investment opportunity.Ripe to be plucked and put away in someone's bottom drawer. Will it be yours?- Fully leased, high profile retail- High profile corner on Jackson Street- Modern building with no seismic issues- Returns $115,747pa net + GSTTo obtain copies of the supplementary documents please register your details at http://www.propertyfiles.co.nz/property/374jackson
Listing ID
3252206

Month of sale:
April '19

Property value
$1.63m.

Yield
7.4%

Agent(s):
Fraser Press
Paul Cudby



Sold
Wellington, Lower Hutt City
105 Nelson Street, Petone

Property type: Warehouse/Industrial
Located in the regions preferred small business location this 1960's, medium stud warehouse and office, with apron parking and roller shutter door access is presented in excellent condition, having be... more detail
Listing ID:
3252176
Sold for:
$1,05m.
Yield:
7.6%

Sold
Wellington, Lower Hutt City
105 Nelson Street, Petone


Property type: Warehouse/Industrial

Located in the regions preferred small business location this 1960's, medium stud warehouse and office, with apron parking and roller shutter door access is presented in excellent condition, having been well maintained throughout its current ownership.The property has undergone a seismic upgrade to 100% of NBS and is to be sold vacant possession with a potential net income of $79,841 + GST.At 576m², the property is well proportioned, is a desirable size for the location, and will suit many types of occupierSituated on the west side of Nelson Street, close to its intersection with Hutt Road, the property has excellent access to major arterial routes and is central to what has become the regions preferred small/medium business location.With Petone experiencing historically low vacancy rates, this is truly an opportunity not to be missed by owner occupiers and investors.- 576m² warehouse with 4 car parks- selling vacant possession- Seismic rating - 100% of NBS- potential net rental - $79,841pa net plus gstTo obtain a copy of the supplementary documents pleaese visit http://www.propertyfiles.co.nz/property/3252176
Listing ID
3252176

Month of sale:
April '19

Property value
$1,05m.

Yield
7.6%

Agent(s):
Paul Cudby
James Higgie



Sold
Auckland, Auckland City
9 St Jude Street, Avondale

Property type: Retail
•Fully leased, freehold property, returning $102,487 + GST pa net•Two separate buildings circa 1965 comprising 604sqm•Large premium land holding of 1,104sqm zoned Business Mixed Use•Prime posi... more detail
Listing ID:
1687809
Sold for:
$1.75m.
Yield:
5.85%

Sold
Auckland, Auckland City
9 St Jude Street, Avondale


Property type: Retail

•Fully leased, freehold property, returning $102,487 + GST pa net•Two separate buildings circa 1965 comprising 604sqm•Large premium land holding of 1,104sqm zoned Business Mixed Use•Prime position in the heart of Avondale•Under utilised site with future development potentialA rare opportunity to secure a freehold standalone investment opportunity in the heart of Avondale. The property is fully leased returning a net income of $102,487 + GST pa, with flexible lease terms. Comprising two well-presented 1960s commercial buildings including a mix of retail, office and warehouse, all on a large land holding of 1,104sqm.This versatile property is in a great location, provides immediate add value opportunity with future development potential. Business Mixed Use zone allows for a wide range of uses and a height limit of 21m (subject to consent). All astute investors, add value buyers and developers must inspect.Auction (unless sold prior)11am, Wednesday 10th April 2019Bayleys House, 30 Gaunt StreetAuckland, New Zealand
Listing ID
1687809

Month of sale:
April '19

Property value
$1.75m.

Yield
5.85%

Agent(s):
Kate Kirby
Layne Harwood



Sold
Auckland, Auckland City
224 Marua Road, Mt Wellington

Property type: Warehouse/Industrial
• Standalone road-front industrial warehouse• Tenanted investment with rental growth• High demand area - a shortage of industrial stock• Close to motorways, and South Eastern ArterialThis indu... more detail
Listing ID:
1687814
Sold for:
$1.37m.
Yield:
3.79%

Sold
Auckland, Auckland City
224 Marua Road, Mt Wellington


Property type: Warehouse/Industrial

• Standalone road-front industrial warehouse• Tenanted investment with rental growth• High demand area - a shortage of industrial stock• Close to motorways, and South Eastern ArterialThis industrial property offers an investor a strategic opportunity to secure a top quality warehouse investment, with good off street parking.A total of three carparks are provided to the front. The side driveway is also utilised as a carpark by the tenant which accommodates approximately 8 stacked parking spaces. Located on the eastern end of Marua road, minutes from the popular Lunn Ave arterial with a large commercial and industrial presence servicing demand from Stonefields, Mount Wellington, Remuera, and surrounding areas. The current lease has just reached halfway of its initial term, with a scheduled market rent review, good potential for further growth.
Listing ID
1687814

Month of sale:
April '19

Property value
$1.37m.

Yield
3.79%

Agent(s):
Jarrod Qin



Sold
Auckland, North Shore City
Unit 6B, 21 Corinthian Drive, Albany

Property type: Retail
Offered to the market is a retail unit located in the the biggest new retail development on the North Shore at 21 Corinthian Drive (also known as Orchard Park Retail Hub), Albany, completed in 2017. O... more detail
Listing ID:
1502390
Sold for:
$1.7m.
Yield:
5.29%

Sold
Auckland, North Shore City
Unit 6B, 21 Corinthian Drive, Albany


Property type: Retail

Offered to the market is a retail unit located in the the biggest new retail development on the North Shore at 21 Corinthian Drive (also known as Orchard Park Retail Hub), Albany, completed in 2017. Orchard Park Retail Hub is part of the staged Corinthian Retail Centre Development. The master development consists of 30 retail units in two stages:•Stage 1: 14 Corinthian Drive (14 Retail Units)•Stage 2: 21 Corinthian Drive (16 Retail Units)Claimed to be the biggest food and beverage precinct on the North Shore. Prior to completion of this modern centre, all units have been leased to an attractive mix of food and beverage, and service retail businesses, including a supermarket, various restaurants and 'grab and go food', and retailers. The site benefits from an abundance of shared common car parking, in addition to multiple accesses from both Corinthian Drive and Data Way, allowing ingress and egress. Each shop has plenty of profile with signage above. Situated in the heart of Albany, this high-exposure retail complex enjoys triple frontage facing Albany Highway, Corinthian Drive, and Data way. The busy centre is surrounded by a wide range of well-known tenants, including ASB Bank, Westpac Bank, Mitre 10, Olympus, Mcveagh Fleming, Lion Foundation, Peter Baker Transport, and Kids Cove Childcare Centre. Unit 6B is situated at a strategic corner position in the heart of Albany with superb exposure to the Albany Expressway, which carries over 19,000 traffic counts daily. The 144sqm (approximately) retail unit is leased to a restaurant for nine years returning $90,000pa plus GST and outgoings. A rental bond is in place in addition to a personal guarantee.
Listing ID
1502390

Month of sale:
April '19

Property value
$1.7m.

Yield
5.29%

Agent(s):
Eddie Zhong
Steven Liu



Sold
Central North Island, Ruapehu
101 Goldfinch Street, Ohakune

Property type: Vacant land/Development site
• Ohakune known as New Zealands Carrot Capital• Freehold land 2,288sqm• 18 self contained units and 3 manager units• 30 years lease since 2014• Returning $108,300 pa + GSTOhakune Court Motel... more detail
Listing ID:
1687756
Sold for:
$1.406m.
Yield:
7.70%

Sold
Central North Island, Ruapehu
101 Goldfinch Street, Ohakune


Property type: Vacant land/Development site

• Ohakune known as New Zealands Carrot Capital• Freehold land 2,288sqm• 18 self contained units and 3 manager units• 30 years lease since 2014• Returning $108,300 pa + GSTOhakune Court Motel is situated in a quiet, secure location within walking distance to the town centre and the Junction. Centrally located close to Waiouru, Tangariro National Park and Whanganui River. Most of the units have the most breathtaking views of Mt Ruapehu and Tangariro National Park.Ohakune is a popular base in winter for skiers using the ski fields (Turoa) of nearby Mount Ruapehu and in summer for trampers hiking the Tongariro Alpine Crossing. Ohakune has facilities for snow sports, trout fishing, mountain biking, tramping and bushwalking.An opportunity to secure a long established tenanted investment.Please refer to the link below for more information:http://www.propertyfiles.co.nz/property/1687756
Listing ID
1687756

Month of sale:
April '19

Property value
$1.406m.

Yield
7.70%

Agent(s):
Nicolas Ching
James Chan
Jenny Dekker



Sold
Auckland, Manukau City
E/132 Cavendish Drive, Manukau Central

Property type: Warehouse/Industrial
• High profile location on Cavendish Drive with ample parking• New eight year lease • 588m² (more or less) - showroom, office and warehouse• Modern tilt slab unit amongst quality neighbouring... more detail
Listing ID:
1902009
Sold for:
$2.19m.
Yield:
5.74%

Sold
Auckland, Manukau City
E/132 Cavendish Drive, Manukau Central


Property type: Warehouse/Industrial

• High profile location on Cavendish Drive with ample parking• New eight year lease • 588m² (more or less) - showroom, office and warehouse• Modern tilt slab unit amongst quality neighbouring tenancies• Returning $125,725pa plus GST and Outgoings with fixed rental growth of 2.5% per annum• Well entrenched and established tenantLocated in the commercial precinct of Manukau, the property encompasses a modern 2000's era industrial unit. Featuring a total floor area of 588m² (more or less), the property has been reconfigured to comprise two levels of showroom / office accommodation with an attached warehouse at the rear for goods access.Currently tenanted to a Bathroom and Tile business, on a brand new eight year lease with fixed annual rental growth, should appeal to astute, industrial or retail investors alike.Being highly visible on Cavendish Drive and in close proximity to major transport networks, investors should take advantage of Manukau's continual growth and strong business sentiment.For further information, please refer to: http://www.propertyfiles.co.nz/property/1902009Call the agents todayTony Chaudhary021 995 121tony.chaudhary@bayleys.co.nzJanak Darji021 047 1290janak.darji@bayleys.co.nzAmy Weng021 177 3422amy.weng@bayleys.co.nz
Listing ID
1902009

Month of sale:
April '19

Property value
$2.19m.

Yield
5.74%

Agent(s):
Tony Chaudhary
Janak Darji
Amy Weng



Sold
Auckland, Auckland City
45C Normanby Road, Mt Eden

Property type: Warehouse/Industrial
- A rare opportunity to purchase a freehold tenanted property investment in the aspirational city fringe precinct of Mt Eden. - Current income of $188,236 + (GST and outgoings) p.a. from well-establis... more detail
Listing ID:
1687772
Sold for:
$3..085m.
Yield:
6.10%

Sold
Auckland, Auckland City
45C Normanby Road, Mt Eden


Property type: Warehouse/Industrial

- A rare opportunity to purchase a freehold tenanted property investment in the aspirational city fringe precinct of Mt Eden. - Current income of $188,236 + (GST and outgoings) p.a. from well-established tenant with bank guarantees and built-in rental growth, including a CPI rent review due July 2019. - Located close to a number of strategic amenities, transport systems and precincts - This superb building was extensively refurbished and modernised to a very high standard in 2015, keeping with the tenant's high profile and professional image and offers 19 onsite carparks This property represents a unique opportunity to secure a tenanted investment in such a sought-after city fringe location, which offers proximity to several residential and commercial suburbs, amenities and transport systems, including the Mt Eden train station and ease of access to Auckland's CBD. Occupied by a high profile, well established electrical services sector tenant, this well-presented stunning property will appeal to a range of astute investors, seeking a strategic property investment. For sale by Auction (unless sold prior) at 11:00am, Wednesday 10 April 2019 at Bayleys House, 30 Gaunt Street, Auckland. Call the sole appointed agents now for further details on this opportunity: Mike Adams 021 977 527 Jean-Paul Smit 021 021 61616 All viewings strictly by appointment.
Listing ID
1687772

Month of sale:
April '19

Property value
$3..085m.

Yield
6.10%

Agent(s):
Mike Adams
Jean-Paul Smit



Sold
Auckland, Manukau City
3/130 Dawson Road, Manukau City

Property type: Retail
• Net annual return $43,000pa + GST and OPEX• Rent reviews two yearly from commencement date• Well established tenant• Part of a thriving retail developmentThis is an opportunity for a discern... more detail
Listing ID:
1901986
Sold for:
$0.781m.
Yield:
5.50%

Sold
Auckland, Manukau City
3/130 Dawson Road, Manukau City


Property type: Retail

• Net annual return $43,000pa + GST and OPEX• Rent reviews two yearly from commencement date• Well established tenant• Part of a thriving retail developmentThis is an opportunity for a discerning investor to purchase a unit with an established tenant in a well-known, convenience retail development at the Dawson Road Shopping Centre.The unit is tenanted by a franchise of Kiwi Bank and NZ Post who has occupied the complex for approximately 15 years and has built a sustainable customer base. The centre has a mix of medical, fast food, liquor and convenience tenants plus an abundance of onsite car parks.For full information on this excellent entry level investment please call now.Geoff Wyatt021 982 322geoff.wyatt@bayleys.co.nzNick Bayley021 174 2440nick.bayley@bayleys.co.nz
Listing ID
1901986

Month of sale:
April '19

Property value
$0.781m.

Yield
5.50%

Agent(s):
Geoff Wyatt
Nick Bayley



Sold
Auckland, Rodney
215 Rodney Street, Wellsford

Property type: Retail
• Leased to Subway NZ since 2006• Standalone premises on a 453m² (more or less) freehold corner site• Located in a high growth North-Auckland suburb• Returning $44,799pa + GST and outgoingsTh... more detail
Listing ID:
1201581
Sold for:
$0.851m.
Yield:
5.29%

Sold
Auckland, Rodney
215 Rodney Street, Wellsford


Property type: Retail

• Leased to Subway NZ since 2006• Standalone premises on a 453m² (more or less) freehold corner site• Located in a high growth North-Auckland suburb• Returning $44,799pa + GST and outgoingsThis quality investment is leased to Subway Real Estate Limited returning $44,799 net per annum. Subway Wellsford is an established franchise since 2006 and one of two major fast food brands in the area.The property is strategically positioned on a corner site with dual frontage onto State Highway 1 and El Hama Avenue. Originally purpose built for a fast food tenant in the 1980s, this is a rare standalone premise in Wellsford's main street. Measured at 177m², there is a range of future use-cases for the property including establishing multiple tenancies. Located in a fast growing North-Auckland suburb experiencing aggressive residential development with over 1000 homes expected in the next 5-10 years. Wellsford is a tightly held commercial market consequent of very low tenant vacancy rates. Positioned on State Highway 1, the property benefits from over 10,000 daily traffic movements.
Listing ID
1201581

Month of sale:
April '19

Property value
$0.851m.

Yield
5.29%

Agent(s):
Henry Napier



Sold
Auckland, Auckland City
120 Felton Mathew Avenue, St Johns

Property type: Warehouse/Industrial
•Fully leased freehold standalone investment returning $270,000 pa net + GST•Prime 4,700sqm fee simple land holding zoned Business Mixed Use•Must view property for strategic investors, developer... more detail
Listing ID:
1687790
Sold for:
$4.8m.
Yield:
5.62%

Sold
Auckland, Auckland City
120 Felton Mathew Avenue, St Johns


Property type: Warehouse/Industrial

•Fully leased freehold standalone investment returning $270,000 pa net + GST•Prime 4,700sqm fee simple land holding zoned Business Mixed Use•Must view property for strategic investors, developers and land bankers•Strategic position in vibrant St Johns which is undergoing huge growth•Established international tenant on considerable lease termA very rare opportunity to secure a strategic investment property in desirable St Johns location. The property is fully leased to an established international tenant returning $270,000 pa net + GSTIn addition to providing a considerable cash flow, the property offers huge development appeal due to the underlying 4,700sqm fee simple land holding which is zoned Mixed Use. This prime position enjoys a high level of exposure and is close to the Train Station, Glen Innes retail shops, Mt Wellington and Remuera.Strategic opportunities in this location are scarce. Dont miss this one.
Listing ID
1687790

Month of sale:
April '19

Property value
$4.8m.

Yield
5.62%

Agent(s):
Kate Kirby
Laurie Bell



Sold
Auckland, North Shore City
Unit G, 156 Bush Road, Albany

Property type: Warehouse/Industrial
- A road front industrial unit with exposure to passing traffic on Bush Road- High stud warehousing with a regular shape- Air conditioned offices/showroom and amenities which has recently been painted... more detail
Listing ID:
1502393
Sold for:
$1.25m

Sold
Auckland, North Shore City
Unit G, 156 Bush Road, Albany


Property type: Warehouse/Industrial

- A road front industrial unit with exposure to passing traffic on Bush Road- High stud warehousing with a regular shape- Air conditioned offices/showroom and amenities which has recently been painted and are well appointed- Available with vacant possession- Combined floor area of 263.7sqmA rare chance to secure a medium sized industrial unit with vacant possession in the Albany industrial estate.This property benefits from a functional layout, the offices and showroom are air-conditioned and open plan. The warehouse is square shaped with a motorised roller door which makes the space very user friendly.Rather than wait for a development to be completed, jump on this opportunity to buy an existing unit in a popular location.High stud warehousing = 141.5sqmGround floor showroom and first floor offices = 122.2sqm(all areas are approximate)Car parking spaces = 6For sale with vacant possession by way of Auction at 11am, Wednesday the 10th of April 2019 (unless sold prior).
Listing ID
1502393

Month of sale:
April '19

Property value
$1.25m

Agent(s):
Matt Mimmack
Rosemary Wakeman



Sold
Bay of Plenty, Tauranga
45 Spring Street, Tauranga Central

Property type: Retail
For Sale by Auction (unless sold prior) - 1pm Wednesday 10th April 2019- Superb opportunity to secure a prime Tauranga retail property- Zoning allows for future multi level redevelopment up to 49 metr... more detail
Listing ID:
2500280
Sold for:
$3,550,000

Sold
Bay of Plenty, Tauranga
45 Spring Street, Tauranga Central


Property type: Retail

For Sale by Auction (unless sold prior) - 1pm Wednesday 10th April 2019- Superb opportunity to secure a prime Tauranga retail property- Zoning allows for future multi level redevelopment up to 49 metres- 80% NBS (Grade A) seismically strengthened building- Strong national & local tenant mix/solid income earner & cashflow- Impressive annual net rental of $166,524 + GST & OPEXThis property comprises a single level commercial building with an expansive frontage that presents extremely well and occupies a premium position on Spring Street in the heart of the Tauranga CBD.The building provides a split risk mix of five upmarket retail tenants including two national traders on various lease terms that are well structured and currently returns an impressive annual net rental.This character building with an 'A Grade' seismic rating has been in the same family ownership for over 70 years and has become a landmark property in downtown Tauranga formerly known as 'Davidsons'.Commercial opportunities of this calibre are scarce in the Tauranga market and this multi tenanted investment must command serious attention from investors nationwide.
Listing ID
2500280

Month of sale:
April '19

Property value
$3,550,000

Agent(s):
Brendon Bradley
Lynn Bradley



Sold
Bay of Plenty, Whakatane
46 State Highway 30, Whakatane

Property type: Vacant land/Development site
- 1985 sqm freehold flat industrial site in the desirable seaside town of Whakatane- High profile positioning on main feeder route- Excellent visual and physical access from State Highway 30- All serv... more detail
Listing ID:
2500279
Sold for:
$820,000

Sold
Bay of Plenty, Whakatane
46 State Highway 30, Whakatane


Property type: Vacant land/Development site

- 1985 sqm freehold flat industrial site in the desirable seaside town of Whakatane- High profile positioning on main feeder route- Excellent visual and physical access from State Highway 30- All services to the boundaryA unique offering of prime industrial bare land with approximately 56 meters of highway frontage. Located on the main feeder road leading into Whakatane and to the East Coast. This property benefits from large levels of traffic flow. A de-acceleration lane and flush median ensure good access off State Highway 30. This large parcel of flat contour will appeal to a range of businesses or a development that will utilise this prime location and allow you to showcase your business (or tenants business) to thousands passing daily. Fully serviced, power, sewerage, water and phone are all available at the boundary.Very few opportunities come up if any, that offer main road frontage and direct main road access. Contact us in the first instance to receive a full information pack on this top offering.Location: Whakatane has a relaxed lifestyle and a great deal to offer.Statistics prove that Whakatane's weather is amongst the best in NZ. Often with the highest sunshine hours in the country and almost 76% of it's rain falling at night, Whakatane has its own little micro climate. A narrower temperature band ensures you'll be warmer in winter and cooler in summer. We have a relatively wind free climate and enjoy light off shore breezes for a good part of the year. You'll feel good here in Whakatane, especially on those crisp winter days when the sun pours out its warmth on the town, whilst Whakatane is an extremely popular holiday and tourist destination over the summer season. Everyday feels like a holiday.
Listing ID
2500279

Month of sale:
April '19

Property value
$820,000

Agent(s):
Rhys Mischefski
Larissa Reid



Sold
Bay of Plenty, Tauranga
132 Devonport Road, Tauranga Central

Property type: Retail
For Sale by AUCTION (unless sold prior) - 1pm, Wednesday 10th April - Strategic 326m² (approximately) freehold city centre zoned site- Prime, high profile position in Tauranga's CBD- Ground floor ret... more detail
Listing ID:
2500254
Sold for:
$1,200,000

Sold
Bay of Plenty, Tauranga
132 Devonport Road, Tauranga Central


Property type: Retail

For Sale by AUCTION (unless sold prior) - 1pm, Wednesday 10th April - Strategic 326m² (approximately) freehold city centre zoned site- Prime, high profile position in Tauranga's CBD- Ground floor retail plus an additional two levels- Positioned directly opposite the new Farmers 12 storey developmentThe property is held over one title totalling approximately 326m² of commercially zoned land in the heart of Tauranga's CBD. The central location offers prime positioning to Tauranga's business district and main roads with easy access to Tauranga's arterial network.This property was originally constructed in the mid 1950's with alterations in the mid 1980's. Comprising of a ground floor retail commercial tenancy, and two levels above of which the top floor is a three bedroom residential unit.This is a great opportunity to secure a location that will provide benefit once the adjacent complex, "one of Tauranga's biggest developments", is completed.
Listing ID
2500254

Month of sale:
April '19

Property value
$1,200,000

Agent(s):
Lloyd Davidson



Sold
Auckland, Manukau City
J/115 Elliot Street, Howick
Freehold unit 120m² floor area
Property type: Warehouse/Industrial
... more detail
Listing ID:
80733
Sold for:
$541,000

Sold
Auckland, Manukau City
J/115 Elliot Street, Howick

Freehold unit 120m² floor area
Property type: Warehouse/Industrial

Listing ID
80733

Month of sale:
April '19

Property value
$541,000

Agent(s):
Jane Chen


Barfoot & Thompson
Sold
Wellington, Kapiti Coast
115 Rimu Road, Paraparaumu

Property type: Retail
High Profle Rimu Road corner location. Ground floor office/retail space with great signage opportunity. Town centre location with Coastlands Shoppingtown and PaknSave just up the road. Car parking av... more detail
Listing ID:
212053
Sold for:
$1.3m

Sold
Wellington, Kapiti Coast
115 Rimu Road, Paraparaumu


Property type: Retail

High Profle Rimu Road corner location. Ground floor office/retail space with great signage opportunity. Town centre location with Coastlands Shoppingtown and PaknSave just up the road. Car parking available at $20 + GST each. *Reception area *4 separate offices *Heatpump *Alarm system *Accessible toilet and kitchenette *Storage area  
Listing ID
212053

Month of sale:
April '19

Property value
$1.3m

Agent(s):
Dean Anderson
Gemma Pettit



Sold
Wellington, Kapiti Coast
159 Rimu Road, Paraparaumu

Property type: Office
This high profile Rimu Road property is coming to the market for the first time in 15 years.  Great location directly opposite Coastlands and Pak n Save, the first floor is currently fully tenant... more detail
Listing ID:
211699
Sold for:
$2.18m

Sold
Wellington, Kapiti Coast
159 Rimu Road, Paraparaumu


Property type: Office

This high profile Rimu Road property is coming to the market for the first time in 15 years.  Great location directly opposite Coastlands and Pak n Save, the first floor is currently fully tenanted by Platinum Homes and the ground floor is available for lease. Very rarely do commercial properties become available for sale in this fantastic town centre location, so get in quick and call Dean Anderson now for more information.   Your local Colliers agency who has lived and worked on the Kapiti Coast for over 20 years.
Listing ID
211699

Month of sale:
April '19

Property value
$2.18m

Agent(s):
Dean Anderson



Sold
Waikato, Hamilton City
93 Maui Street, Hamilton

Property type: Warehouse/Industrial
This property is the one you have been waiting for. A new building with a good quality tenant and lease in the most sort after industrial sector, well finished and versatile, this is one to put away i... more detail
Listing ID:
212224
Sold for:
$3.31m.
Yield:
4.94%

Sold
Waikato, Hamilton City
93 Maui Street, Hamilton


Property type: Warehouse/Industrial

This property is the one you have been waiting for. A new building with a good quality tenant and lease in the most sort after industrial sector, well finished and versatile, this is one to put away in the bottom draw. For Sale by Deadline Private Treaty closing 4:00pm Tuesday 2nd April 2019 (unless sold prior).
Listing ID
212224

Month of sale:
April '19

Property value
$3.31m.

Yield
4.94%

Agent(s):
Alan Pracy



Sold
Taranaki, New Plymouth
89-99 Molesworth Street, New Plymouth

Property type: Retail
A commercial investment of this calibre does not come to the market often. The tenant covenants, building quality and location create an outstanding proposition for a passive investor looking for a lo... more detail
Listing ID:
211457
Sold for:
$2.673050m.
Yield:
7.2%

Sold
Taranaki, New Plymouth
89-99 Molesworth Street, New Plymouth


Property type: Retail

A commercial investment of this calibre does not come to the market often. The tenant covenants, building quality and location create an outstanding proposition for a passive investor looking for a long term hold with low maintenance. The property is held in two titles with a building on each. The site extends from the north facing corner of Eliot Street and runs east along Molesworth Street/State Highway 44 presenting a frontage of 102 meters. The property includes a total of 25 car parks which can be accessed from both Molesworth and Eliot Streets – a valuable asset for any business.   
Listing ID
211457

Month of sale:
April '19

Property value
$2.673050m.

Yield
7.2%

Agent(s):
Benet Carroll



Sold
Auckland, Auckland City
274 Dominion Road, Mount Eden, Auckland

Property type: Retail
Being marketed for sale for the first time since 1980, 274 Dominion Road, Mount Eden is a true add value proposition in every sense. Rental growth, building refurbishment, and re-development options a... more detail
Listing ID:
211939
Sold for:
$2,625m.
Yield:
4%

Sold
Auckland, Auckland City
274 Dominion Road, Mount Eden, Auckland


Property type: Retail

Being marketed for sale for the first time since 1980, 274 Dominion Road, Mount Eden is a true add value proposition in every sense. Rental growth, building refurbishment, and re-development options are all present and attainable for purchasers with an understanding of the value this property and prominent retail location hold. The property is fully tenanted returning a holding income of $112,050 with all leases short in term in nature. The ground floor retail and showroom premises has character warehouse charm with exposed brick walls, A-frame ceilings with timber rafters, and excellent natural light. Geoff’s Emporium (previously “Ike’s Emporium”) occupy this large space and have done so as long as the current vendors have owned the building. The neighbouring Irish pub, The Clare Inn, leases a small retail space fronting Dominion Road, and two residential tenancies situated on the first floor complete the split-risk tenancy profile. The 705m² site has good frontage to Dominion Road that provides exposure to passing pedestrian and vehicle traffic. A service and pedestrian entry at the rear of the building – accessed via right of way - creates valuable dual access to the property, handy with the traffic that local anchor tenant, Countdown, provides being situated directly behind. Significant rental upside and obvious re-development potential for the site make this a ripe opportunity for add-value investors. In addition, short-term leases also make this an option for owner-occupiers of either a commercial or residential nature. Contact the sole agents for further information and viewing times.
Listing ID
211939

Month of sale:
April '19

Property value
$2,625m.

Yield
4%

Agent(s):
Kris Ongley
Jonathan Lynch
Ned Gow



Sold
Waikato, Hamilton City
180 Peachgrove Road, Hamilton

Property type: Retail
FIRST TIME ON THE MARKET IN 26+ YEARS This small Suburban Retail complex is situated in the Hamilton Eastside suburb of Claudelands on a high profile corner site. For further information and inspect... more detail
Listing ID:
211976
Sold for:
$0.955m.
Yield:
5.71%

Sold
Waikato, Hamilton City
180 Peachgrove Road, Hamilton


Property type: Retail

FIRST TIME ON THE MARKET IN 26+ YEARS This small Suburban Retail complex is situated in the Hamilton Eastside suburb of Claudelands on a high profile corner site. For further information and inspection by appointment contact the Vendors Sole Agent John Hagar 0274 904 714.   Auction 11am Tuesday 12th March 2019 at Colliers International 69 Victoria Street, Hamilton (unless sold prior).
Listing ID
211976

Month of sale:
April '19

Property value
$0.955m.

Yield
5.71%

Agent(s):
John Hagar



Sold
Auckland, Auckland City
285-291 Ponsonby Road, Ponsonby

Property type: Retail
• Premier high profile Ponsonby Road trophy not to be missed• Four high profile retail shops fully leased returning $233,000 + GST (net)• Under-rented providing an opportunity for growth• Offe... more detail
Listing ID:
1687249
Sold for:
$4.75m.
Yield:
4.91%

Sold
Auckland, Auckland City
285-291 Ponsonby Road, Ponsonby


Property type: Retail

• Premier high profile Ponsonby Road trophy not to be missed• Four high profile retail shops fully leased returning $233,000 + GST (net)• Under-rented providing an opportunity for growth• Offered to the market after long-term family ownershipThe decision has been made to cash up this Landmark Ponsonby property. Investments of this calibre are tightly held and for good reason. This unique opportunity is not to be missed!285-291 Ponsonby Road is a multi-tenanted investment which features an attractive lease profile with well-known tenants in occupation.Act now to secure this prime investment positioned in the heart of the vibrant Three Lamps retail precinct. Enjoy the cash flow while you explore the future potential this opportunity provides. Call now.
Listing ID
1687249

Month of sale:
March '19

Property value
$4.75m.

Yield
4.91%

Agent(s):
Damien Bullick
Jean-Paul Smit
Cameron Melhuish



Sold
Auckland, Manukau City
35-37 East Tamaki Road, Papatoetoe
613m²,
Property type: Office
• Significant potential - hold, occupy or add value• Business Town Centre Zone, fee simple, multi level• Land area 736sqm (more or less) and floor area 613sqm (more or less)• Dual access with ... more detail
Listing ID:
1901985
Sold for:
$1.6m

Sold
Auckland, Manukau City
35-37 East Tamaki Road, Papatoetoe

613m²,
Property type: Office

• Significant potential - hold, occupy or add value• Business Town Centre Zone, fee simple, multi level• Land area 736sqm (more or less) and floor area 613sqm (more or less)• Dual access with ample parking• Part tenanted, holding income $24,000pa + GSTThe property is well located on busy East Tamaki Road allowing for easy access to the Southern Motorway and main arterials, and metres from the popular Papatoetoe Town Centre.Surrounded by a great mix of retail outlets / service providers such as KFC, Z Service Station, Hunters Corner, Bank of India and The Cheesecake Factory, this property presents an ideal opportunity for owner occupiers, developers and add value investors alike to capitilise on this gem of a building. With holding income of $24,000pa plus GST and Outgoings; the premises presents an opportunity to either occupy or reposition this asset for future growth.For further information, please refer to: http://www.propertyfiles.co.nz/property/1901985Contact the sole agents todayTony Chaudhary021 995 121tony.chaudhary@bayleys.co.nzJanak Darji021 047 1290janak.darji@bayleys.co.nzAmy Weng021 177 3422amy.weng@bayleys.co.nz
Listing ID
1901985

Month of sale:
March '19

Property value
$1.6m

Agent(s):
Tony Chaudhary
Janak Darji
Amy Weng



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