Portfolio showcases healthy market

5:00 AM Wednesday November 2, 2016 True Commercial

151 Cambridge Terrace houses several tenancies.

NAI Harcourts has released its final Key Assets portfolio for 2016, showcasing more than 50 commercial properties and businesses for sale and lease, plus commercial property insights from a range of experts.

General Manager Greg Clarke says it is the largest issue of Key Assets ever produced, a great achievement in a market where stock is tight.

“Stock is low, particularly in Auckland, but there are still opportunities for investors around the country.”

Clarke says though many focus on what is happening in Auckland, growth and commercial development is happening in the regions.

“The opportunity to sell a residential property in Auckland, for what seems to be a windfall, and relocate to the regions with the ability to not only buy a home but also to enjoy a healthy bank balance, is creating change in locations that have been stagnant for long periods.”

Clarke says the Unitary Plan, which sets the blueprint for the future growth of Auckland, will soon have an impact on the commercial property market in our biggest city.

The plan’s emphasis on increased density of residential dwellings should inevitably create a demand for more commercial development.

“More people equals a need for more services. Combined with this there is an increase in zoning for mixed use developments. This should hopefully see a rise in the number of developments that resemble the recent Brickworks site in Hobsonville Point — a site made up of 60 residential apartments and 11 commercial tenancies.”

15 Downing Street.jpg

15 Downing St provides logistics and distribution throughout NZ.

As NAI Harcourts’ flagship portfolio, Key Assets features a range of properties being marketed by NAI all over the country with key properties including:

• A flat 8980sq m section and carparking area awaiting development in Kerikeri. The land is near the bulk retail stores at 19 Klinac Lane, a five-minute drive from Kerikeri’s main street. It is being marketed by Peter Peeters of NAI Harcourts Whangarei, and Hayden Clarke of NAI Harcourts Kerikeri.

• Three new warehouses in Wiri (3250sq m), Highbrook (7050sq m), and Penrose (4530sq m). Each including carparking, a yard, office and canopy — they are being marketed by Peta Laery and Grant Hargrave of NAI Harcourts North Shore.

• High quality industrial developments for sale at the gateway to Te Rapa close to The Base shopping centre and major arterial routes. They  include industrial units with ancillary offices and floor areas from 500sq m up to 702sq m and are being marketed by Theo de Leeuw and Karl van Gisbergen of NAI Harcourts Hamilton Commercial.

• A ‘blue-chip’ long-term, tenanted, industrial investment property in Palmerston North. Located at 15 Downing St, the strategic facility for PBT (Peter Baker Transport) provides logistics and distribution throughout New Zealand including land (4046sq m); building (4522sq m) and yard (1000sq m). It is being marketed by Marty van Barneveld of NAI Harcourts North Shore.

• One of the best A-grade office spaces in Christchurch is available for lease at 151 Cambridge Terrace in the West End and already has a variety of tenants including Deloitte, Macquarie Bank, Simpson Grierson Law Firm and Forsyth Barr. “This is an opportunity to secure a spot in this iconic building and take advantage of inter-building relationships,” says agent Toby Nicholls of NAI Harcourts Christchurch City Commercial.