Sold Leased

  • RECENT DEALS for August 30th

    RECENT DEALS for August 30th

    HP offices in Christchurch A two level office building at 51 Princes St, Addington, Christchurch, that is fully leased to Hewlett-Packard has been sold for $5.9 million by Stuart Bode and Bruce Whillans of Ray White Commercial. The property generates an annual net income of $490,528 plus and the sale reflects an initial yield of 8.25 per cent. Toll building in Rotorua A refurbished and well-presented property at 31-35 Pururu St, Mangakakahi, within the main industrial zone on the western side of Rotorua, has been sold at auction for $819,000 by Paul Sanford of NAI Harcourts Rotorua. The building was designed to suit the tenant Toll Networks NZ Ltd which pays annual rent of $70,000 plus GST plus outgoings.

    Date Aug 2014

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  • RECENT DEALS for August 2nd

    RECENT DEALS for August 2nd

    Colliers sells Carl’s A Carl’s Jr restaurant property at 100 Nelson Street North, Hastings, has been sold for $2,450,000 to a private investor by Colliers International brokers Charlie Oscroft, Peter Herdson and Cam Ward. It will be leased back by NZX-listed Restaurant Brands paying net annual rental income of $164,500 on a 12 year lease, with further rights of renewal extending 40 years, with rent reviews are every three years. The property comprises a 2027sq m site with a new 278sq m building and 26 car parks.

    Date Aug 2014

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