New portfolio with key to many properties

12:01 PM Monday November 10, 2014 Colin Taylor

Industrial lots are for sale in Port Nikau (formerly Port Whangarei).

NAI Harcourts has released its final Key Assets portfolio publication for this year containing over 60 commercial properties and businesses for sale and lease in cities and provincial locations from Kerikeri to Invercargill.

Michael Grainger, the agency’s general manager says a notable feature in the portfolio is the number of industrial opportunities on offer in Northland.

“Northland is a good investment area for those looking for an industrial property close to Auckland,” he says.

Among the Northland properties for sale in Port Nikau (formerly Port Whangarei) and just 3 km from the Whangarei CBD is an industrial harbour area that has been recently subdivided as part of the Port Nikau Stage One development.

The total property to be subdivided and developed totals 106 hectares,” says Peter Peeters of NAI Harcourts Whangarei. Included in this redevelopment are the port’s former main wharves, goods sheds, freight handling yards and the former Tenix ship yard.

True Commercial - 8 Miami Avenue, Waiheke Island.jpg

For sale at 8 Miami Avenue, Surfdale, on Waiheke Island.  

“The industrial sites are serviced by rail, road and sea,” Peeters says. “In the first stage of the development there are three parcels of land available that each have individual access to the harbour and deep water and a further 15 lots with good road access to the launching ramp and the wharves.

“Section sizes start at 3880 sq m and go up from there with some flexibility on the final size of the lots to be purchased. Options include purchase, lease to purchase, and build and lease back offers by some owners. Land can be purchased from upwards of $100 per sq m.”

Peeters is also marketing 4.806 ha of land zoned Business 4 (Heavy Industrial) on the Marsden Point Rd in Ruakaka.

“This is possibly the most inexpensive industrial land available in the Northland district and is ideal for the development of a contractor’s yard, mill site or other timber processing business,” he says.

True Commercial - 13-15 George St, Papatoetoe.jpg

This building at 13-15 George St, Papatoetoe, earns $57,000 per annum.

In and around Auckland investors have a range of properties to select from with eight of them to be auctioned at the Royal New Zealand Yacht Squadron in Westhaven on Thursday, December 4 at 11am.

Occupying a road front position in Surfdale on Waiheke Island, a freehold retail property at 8 Miami Avenue is being marketed by Andrew Bruce and Rob Meister of NAI Harcourts North Shore. Encompassing a total area of 809 sq m, the modern and fully refurbished two level building constructed in 2006, has three tenancies comprising an authentic French café, creperie and bistro; a Vodafone outlet and one vacant retail shop that has a possible tenancy under negotiation. Meister says the potential annual rental income of the property is $75,165 plus GST.

At 46 Carr Rd, Mt Roskill, a 581 sq m warehouse and office, with long-term tenants paying $69,600 per annum, is being marketed by James Lee and Nick Mi of NAI Harcourts Ellerslie. Lee says the investment property is within a popular Auckland commercial hub and will appeal to many investors.

To the west of Auckland in Waimauku village David Savery of NAI Harcourts Auckland West is marketing for sale a 1000 sq m freehold and purpose-built modern supermarket. The concrete constructed retail property designated Unit 2 at 5-19 Factory Rd, Waimauku, is leased for $190,000 plus GST per annum. A 10 year lease commenced in March 2008 and has a final expiry, with the exercise of all rights of renewal, of March 30, 2028. Savery says Fresh Choice is the anchor tenant among 14 other retail shops, including a medical centre, café, takeaways stores and residential apartments.

True Commercial - Fresh Choice supermarket, Waimauku.jpg

The supermarket in Unit 2 at 5-19 Factory Rd, Waimauku, is leased for $190,000 per annum. 

To the south of Auckland down in Papatoetoe a two level, freehold and mixed use building, on the main retail thoroughfare in the town’s centre is for sale at 13-15 George St.

Marketed by Nicolas Ching of NAI Harcourts Auckland Central, the property includes side by side dual frontage retail space and is occupied by two retail tenants: Balaji Indian Takeaway and an IT company which pay combined rent of $57,000 per annum.

“The property includes residential accommodation upstairs, with plenty of parking to the rear of the site, and there is outstanding opportunity to add value,” Ching says.

For investors looking south of Auckland, a quality investment property close to Hamilton the CBD at the corner of Anglesea, Knox and Hood Streets is being marketed by Mike Neale of NAI Harcourts Hamilton.

It is leased by Resene which pays annual rent of $168,500 and will be auctioned at 11 am on Wednesday November 26 at 11 am, at the NAI Harcourts auction room on the corner of Forest Lake Rd and Te Rapa Rd, Hamilton.

Neale says the property includes the freehold site of 1929 sq m and a building floor area of 820 sq m with 25 onsite car parks. “It’s a high profile site with in excess of 20,000 vehicles passing every day,” he says. 

True Commercial - Mike Grainger NAI Harcourts.jpg

Michael Grainger of NAI Harcourts