News
Bringing you the latest commercial property market news from NZ Herald and TrueCommercial.
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Foundation laid for smaller investors
Nine new retail outlets in a 23-unit complex called The Foundation, located in Albany on Auckland's North Shore, will go up for auction later this month offering smaller investors and owner-occupiers the opportunity to secure a slice of the suburb's most recent major retail development.Date Jul 2014
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Onehunga complex sale looms
A fully tenanted and refurbished warehouse and office complex in a popular Onehunga industrial area is on the market with a new four-year lease to a well-established manufacturer.Date Jun 2014
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Modern industrial gem in East Tamaki
Colliers International is expecting keen interest in this East Tamaki industrial building. A nearly new industrial facility in East Tamaki purpose built for its established tenant in 2008 and earning $360,000 net per annum on a long-term lease will go under the hammer next month.Date Jun 2014
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Ideal buy at Wairau Park
A high-profile commercial unit, leased to an established tenant for more than two decades in the popular Wairau Park area of the North Shore, is expected to attract buyers looking for secure investment properties.Date Jun 2014
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NZ fourth globally for real estate market transparency
New Zealand has been placed fourth in the world in the "highly transparent" category of JLL's biennial Global Real Estate Transparency report (Greti).Date Jun 2014
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Portfolio reflects commercial strength
Colliers International launches its third New Zealand Portfolio today featuring 27 commercial properties and including significant Auckland sites with redevelopment potential.Date Jun 2014
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Balance of power swings to landlords
The balance of power between metropolitan office landlords and tenants has clearly swung in favour of the landlords for the first time in the past six years, says a study encompassing more than 1.7 million square metres of Auckland city office space.Date Jun 2014
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Hammer down on car yards in key sites
Two Auckland car yard sales sites, one occupied by a well-established tenant that has just renewed its lease and the other for sale with vacant possession, will go under the hammer this month as part of Bayleys' Total Property portfolio auction.Date Jun 2014
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Properties to bank on at June auction
A large Bank of New Zealand outlet in a prime position opposite LynnMall Shopping Centre in West Auckland is featured among several retail properties to go under the hammer on June 25 as part of Bayleys' latest Total Property portfolio auction of commercial and industrial properties.Date Jun 2014
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Best of both worlds combined on Carbine
In Mt Wellington's well known industrial thoroughfare of Carbine Rd, a 3800sq m warehouse on a big site and with refurbished office space is being marketed for sale as being suitable for light industrial warehousing or distribution operation.Date Jun 2014
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Scoop up this popular cafe site
Hobsonville Point's historic Catalina Cafe building has been put on the market after the popular cafe signed a new six-year lease. "This sale represents a chance to invest in the historic heart of Auckland's fastest-growing community amidst New Zealand's largest residential property development," says Michael Pleciak, the Bayleys Central salesman who is marketing the property for sale by auction next Wednesday, June 18, with colleague Terry Jones of Bayleys Northwest.Date Jun 2014
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Chance to acquire two side by side factories in strategically located Onehunga
Two small freehold factories on separate titles in the heart of industrial Onehunga are being sold together with a leaseback from the existing owners. Located at 10 and 12 Patrick St, the factories are used for specialist die cutting and printing and have been in the ownership of two separate businesses for 18 years.Date Jun 2014
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Big tourism complex on market
Rotorua's second biggest tourist accommodation specialist, Kiwipaka, is on the market for the first time since it was built in 1986. The complex was opened by Doug and Bev McLeay after Doug picked up scores of hitchhikers and realised there was nowhere cheap for them to stay in Rotorua.Date Jun 2014
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Sitting or standing, it's a great chance
A central Auckland commercial property with a new lease to one of New Zealand's largest office furniture suppliers and offering longer term redevelopment potential is for sale as part of Bayleys' latest Total Property portfolio.Date Jun 2014
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Top of the class on Airedale
A 10 level city office building at 60 Airedale St, close to Queen St, is being formally offered to the market for this first time since its construction 1989.Date May 2014
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City site ideal for development as student accommodation
Barfoot & Thompson Commercial has been exclusively appointed by Auckland Council Property Limited to market for sale of 3072 sq m of vacant development land at 35 Whitaker Place on the eastern perimeter of the Auckland Central Business District.Date May 2014
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Industrial blocks scarce in Penrose
A big landholding in Penrose with a high stud warehouse and oversized yard has become available for sale or lease in an area where similar properties are scarce.Date May 2014
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Rock solid business for sale in Hawkes Bay
Brown's Lime Quarry near Dannevirke, a 13.7 hectare open cast lime-producing business which has been operating since 1994, is featured for sale as a going concern business and freehold property in Bayleys' latest Total Property magazine.Date May 2014
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Prime Apollo Drive property fit for the gods
A high-profile architect-designed industrial property with a prominent roadside position on the North Shore's popular Apollo Drive is to be auctioned next month.Date May 2014