News

Bringing you the latest commercial property market news from NZ Herald and TrueCommercial.

  • Waikato finishing and dairy support farm

    Waikato finishing and dairy support farm

    A substantial finishing and dairy support farm at Whatawhata on the road from Hamilton to Raglan has been placed on the market for sale. The property known as Annandale is being marketed for sale by tenders closing on October 23 through Mike Fraser-Jones of Bayleys Waikato who says it could be managed by one person.

    Date Oct 2014

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  • New Wanganui city building for sale

    New Wanganui city building for sale

    Wanganui’s newest central city commercial building at 202 Victoria Avenue in the main shopping precinct has been placed on the market for sale. The just-completed building is on a high profile corner site among high-end stores and bus retail outlets. “This building will appeal to a large range of potential investors,” says Karl Cameron of Bayleys Palmerston North who, with colleague Lewis Townshend, is marketing it for sale by auction on October 16.

    Date Oct 2014

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  • Receivership sale of big Central Otago orchard business and assets

    Receivership sale of big Central Otago orchard business and assets

    Summerfruit Orchards Limited, one of the largest stone fruit orchard operations in New Zealand, located between Alexandra and Clyde, in Central Otago,is being offered for sale by Bayleys on behalf of its receivers, Colin Gower and Time Ward of BDO New Zealand. David Gubb, director of Bayleys Locations in Queenstown is calling for tenders closing on October 30 for the business and assets.

    Date Oct 2014

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  • City fringe factory site a rare break

    City fringe factory site a rare break

    A "typical" city fringe factory, office and warehouse building constructed in the 1970s in Morningside, 4km southwest of the Auckland CBD, is among a wide variety of properties featured in Barfoot & Thompson Commercial's latest Insite portfolio. "The office showroom at the front has been upgraded to a good standard as an open-plan space," says broker Murray Tomlinson, who is offering the property for sale with vacant possession by tender closing at 4pm on Wednesday, October 22 - unless it sells beforehand.

    Date Oct 2014

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  • Rare chance to snap up quality suburban retail block

    Rare chance to snap up quality suburban retail block

    A suburban retail and office block of five tenancies on a freehold 696sq m corner site at 754-758 Manukau Road, Royal Oak, is being offered for sale for the first time in more than 18 years. Marketed by John Davies and Oscar Kuang of Colliers International, the property - spread across two separate titles - will be auctioned as one parcel at 11am on October 16 at Colliers' auction room at 151 Queen St, Auckland, unless sold prior.

    Date Oct 2014

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  • Browns Bay retail units up for auction

    Browns Bay retail units up for auction

    Six retail units occupied by national brand name tenants in a new shopping centre due to open this month in Browns Bay on Auckland's North Shore have been placed on the market for sale by auction. The investment properties, at 26-28 Anzac Rd, are being marketed by Shoneet Chand and Mike Ryan of Colliers International and will go under the hammer individually at 11am on Tuesday, October 21 at 151 Queen St, Auckland, unless they are sold before the auction day.

    Date Oct 2014

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  • Green fields blossom in Silverdale

    Green fields blossom in Silverdale

    A "greenfield" development site in the heart of Silverdale's retail and community centre north of Auckland and just south of Orewa is for sale. "The land is already consented for the development of 31 terraced houses and two apartment buildings, along with a mixed use block suitable for commercial retail outlets," said Bayleys international sales team leader James Chan.

    Date Oct 2014

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  • Retail block with room to grow

    Retail block with room to grow

    A high-profile retail building for sale north of Auckland in the middle of Orewa's central shopping area has the potential to be developed up to eight stories under the council's Proposed Unitary Plan. The 596sq m single-storey building on 956sq m of land at 4 Hillary Square is featured in Bayleys' Total Property portfolio and is leased to eight retail tenants who pay an annual rent of $267,104.

    Date Oct 2014

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  • High profile with secure income in Pt Chev

    High profile with secure income in Pt Chev

    A high-profile Pt Chevalier retail and residential property, with multiple long-term tenancies providing the security of split risk income, is featured in Barfoot & Thompson Commercial's latest 60-page Insite portfolio. Commercial brokers Cam Paterson and David Palmer are marketing the property at 1194 Great North Rd which will go under the hammer at 10.30am on Wednesday, October 22, at Barfoot & Thompson's 34 Shortland St auction room unless it sells before the auction.

    Date Oct 2014

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  • Barfoot portfolio goes national

    Barfoot portfolio goes national

    Barfoot and Thompson Commercial has launched its last Insite portfolio magazine for the year, departing from its traditional Auckland and Northland regional format to include listings from partner companies within the greater New Zealand Realtors network. "This is our largest ever with over 60 pages of commercial property on offer across the entire country," says Barfoot and Thompson commercial manager John Urlich.

    Date Oct 2014

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  • Huge and rare Fiji development landholding for sale.

    Huge and rare Fiji development landholding for sale.

    Following the recent elections in Fiji which have coincided with a boom in the Fijian property market, a huge freehold landing is being offered for sale on Fiji’s second largest island of Vanua Levu. “A large peninsular area plus nearby land around a decommissioned airstrip are on the market,” says Rick Kermode, Auckland based resort specialist for Knight Frank Ltd, who is offering the property for sale by private treaty, closing on October 31 unless it sell beforehand by negotiation.

    Date Oct 2014

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  • Big Christchurch Copper Ridge land block for sale

    Big Christchurch Copper Ridge land block for sale

    A 20 hectare block of Christchurch residential-zoned land, containing some on-site commercial buildings and including plans for 208 new sections and homes, is being offered for sale. The new development, named Copper Ridge, sits on the corner of Halswell Junction Rd and Wigram Rd south-west of Christchurch City and is zoned Living G. The land block is located very near the Southern Motorway allowing easy access to the city.

    Date Oct 2014

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  • Big plans for Foodstuffs’ former South Island hub

    Big plans for Foodstuffs’ former South Island hub

    Foodstuffs’ former South Island distribution hub, one of the largest warehouse buildings in Christchurch, is set to become an impressive new warehouse and distribution complex with structural upgrades and architectural offices to be added by the new owners. The former Christchurch dry goods distribution hub for supermarket giant Foodstuffs includes an impressive 17,200 square metre warehouse with 2300 square metre canopy located on 31,000 square metres of land at 2 Lydia St in the Christchurch city-fringe suburb of Papanui.

    Date Oct 2014

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  • City venue in the centre of the action.

    City venue in the centre of the action.

    A high-ceiling entertainment venue on the mezzanine level of General Equity House at 17 Albert St in the heart of the Auckland CBD is for sale by auction at the end of this month. The 843sq m floor over the ground-floor retail level, with 12 office floors above, is being marketed by Millie Liang of Bayleys Auckland Central and will go under the auctioneer's hammer on October 29 unless it sells earlier by negotiation.

    Date Oct 2014

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  • Hotel sector springs back to life

    Hotel sector springs back to life

    There are increasing hotel sales and new hotel construction activity, with the industry showing signs of renewed optimism that is expected to continue into 2015, says Dean Humphries, national director of hotels at Colliers International. "The trend has been noted right across the country, based on strong tourism and trading fundamentals creating record occupancy and room rates in many of our major capital cities and tourist destinations," Humphries says.

    Date Oct 2014

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  • Rare flat land for development

    Rare flat land for development

    Two flat bare land parcels of 1ha and 2.7ha suitable for a range of uses, including retirement village, commercial and residential purposes, are for sale at the heart of the Addison residential community in Takanini south of Auckland offering a prime development opportunity. Addison is a 1300-home planned development, encompassing comprehensive and integrated design of street layouts, public space, landscaping and houses.

    Date Oct 2014

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  • Westgate Pak 'n Save opening to be dry affair

    Westgate Pak 'n Save opening to be dry affair

    Work is finishing on the new alcohol-free 5997sq m Pak 'n Save Westgate, one of the biggest buildings to rise in the new $1 billion town centre on Auckland's northwestern edge. Angela Bull, Foodstuffs North Island property development manager, said the store by Mason & Wales Architects would open on November 4, a year after work started.

    Date Sep 2014

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  • Three big sites ease industrial shortage

    Three big sites ease industrial shortage

    A portfolio of three large greenfield sites is expected to alleviate the tight supply of industrial land for development around Auckland's urban fringes. The three sites - two to the south of the city and one to the northwest - are in Bayleys latest Total Property magazine. They are an 8.7ha site in Waiuku, a 4ha block in Takanini and six industrial lots at Riverhead near Kumeu.

    Date Sep 2014

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  • Historic Ponsonby premises for lease

    Historic Ponsonby premises for lease

    The ground floor of the century-old post office building that dominates the Three Lamps corner site at 1-3 St Marys Rd, Ponsonby, is being offered for lease by JLL after the departure of the Belgium Beer Cafe operated by the Frenzi Group. "The Skin Institute, with seven Auckland sites and eight more clinics across New Zealand, is still leasing the level above," said Anthony Barton, retail sales and leasing specialist for JLL.

    Date Sep 2014

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  • Colliers creates rural unit

    Colliers creates rural unit

    Colliers International has partnered with two Canterbury rural real estate experts to create a new business division called Colliers International Rural and Agribusiness. Shane O'Brien will head the new division as Colliers' national director of rural and agribusiness, with director Ruth Hodges, to be based in offices in Christchurch and Ashburton.

    Date Sep 2014

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