Property Articles

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

  • High-visibility retail unit up for auction

    High-visibility retail unit up for auction

    A retail unit with a modern design-built showroom on a highly visible North Shore corner site in the heart of Wairau Valley will go under the hammer at the end of this month. “This property is fully occupied with a long term, secure tenant,” says Dave Lane of NAI Harcourts North Shore who is marketing Unit B at 234 Archers Rd for sale by auction to be held at 12 pm on Thursday October 30 at the Harcourts Auction Room, 400 Beach Road, Mairangi Bay – unless the unit sells earlier by negotiation.

    Date Oct 2014

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  • Call out to build superyacht refit yards

    Call out to build superyacht refit yards

    Expressions of interest are now being invited from marine and superyacht refit and yard operators and other parties interested in the development of a marine site on the Auckland waterfront in the Wynyard Quarter. Waterfront Auckland - an Auckland Council entity - is offering a long-term leasehold interest in 16,241sq m of marine zoned land at 164-168 Beaumont St, immediately adjacent to Silo Marina, along with a water space licence over an area of 10,663sq m.

    Date Oct 2014

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  • City fringe duo with big potential for development

    City fringe duo with big potential for development

    Two industrial properties in the city fringe suburbs of Grey Lynn and Eden Terrace are being marketed for sale to purchasers with an eye for development potential. The first, a factory premises at 26 Monmouth St, Grey Lynn, is being marketed by Murray Tomlinson and Reese Barragar of Barfoot & Thompson Commercial, and will be auctioned at 10.30 am on Wednesday, November 5 at the agency's Shortland St auction room unless it is sold earlier.

    Date Oct 2014

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  • Howick units give a tasty opportunity

    Howick units give a tasty opportunity

    The property housing Howick's popular Shiraz bar and restaurant in a high profile position across the road from the recently refurbished Countdown Meadowlands Plaza is for sale. "Shiraz has a single lease over the two A and B units at 113 Meadowland Drive in Somerville," said Barfoot & Thompson Commercial agent Paul Vermaak.

    Date Oct 2014

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  • Town centre could rise around new rail station

    Town centre could rise around new rail station

    One of the biggest remaining parcels of development land in metropolitan Auckland is being promoted for sale as offering a chance to master-plan and develop a big mixed-use project around a major suburban transport hub. The 5.8ha block of Mt Wellington land is on 14 titles at 81-107 Jellicoe Rd, 127-131 and 143 Pilkington Rd.

    Date Oct 2014

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  • Gateway location is key to motor lodge’s success

    Gateway location is key to motor lodge’s success

    Whangarei’s Cheviot Park Motor Lodge, occupying a high profile position on the corner of Western Hill Drive, which doubles as State Highway One, and Cheviot St in the suburb of Woodhill, has been put on the market. “The vendors have operated this successful motor lodge business for a number of years and have now decided to see it as freehold going concern business along with its land and buildings,” says Darcy Snowden of Christopher Brown & Associates Ltd who is marketing it for a total asking price of $2,850,000 plus GST if any.

    Date Oct 2014

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  • Royal Oak and Henderson shops for sale

    Royal Oak and Henderson shops for sale

    Three retail shops in two high profile Auckland locations - Lincoln Rd, Henderson and in the Royal Oak Shopping Mall - are for sale as part of Bayleys’ latest Total Property commercial and industrial portfolio. The three buildings are being marketed through Bayleys Auckland Central salespeople Matt Lee, James Chan, Quinn Ngo and Owen Ding; and will be sold by auction on October 22.

    Date Oct 2014

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  • Prime sites are a magnet for passers-by

    Prime sites are a magnet for passers-by

    Four Auckland city retail investment properties in one of the highest levels of foot traffic in New Zealand at the corner of Queen St and Mayoral Drive are to be auctioned later this month. Shops 5, 9, 17 and a freehold title, are within a large retail complex in a high profile location at 396 Queen Street. The four are being marketed by Bayleys salesperson Millie Liang and will be sold by auction on October 22.

    Date Oct 2014

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  • 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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  • 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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