NAI Harcourts’ final Key Assets portfolio for 2014 has been released, containing over 60 commercial properties and businesses for sale and lease.
General Manager Michael Grainger says the portfolio includes opportunities in the large city centres, as well as in the provinces, from Kerikeri down through to Invercargill.
Of particular note in this issue is the number of industrial opportunities that exist in Northland, which Grainger says is a good investment area for those looking for something close to Auckland.
Located in Whangarei City and 3km from the central business district is Port Nikau (formerly Port Whangarei). This land was recently subdivided and stage one is now available for development. The lots are being marketed by Peter Peeters of NAI Harcourts Whangarei. Included are the former main wharves, goods sheds, freight handling yards and the former Tenix ship yard. The site is 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. There is a further 12 lots with good road access to the launching ramp and the wharves. Section sizes start at 3800m² and go up from there. The total property is 106 hectares. Options include purchase, lease to purchase, or the owners will build and lease back. Land can be purchased from upwards of $100m².
Possibly the most inexpensive industrial land available in the Northland district is available on Marsden Point Road in Ruakaka. Again marketed by Peter Peeters, this 4.806ha of land zoned Business 4 (Heavy Industrial) is ideal for the development of a contractors yard, mill site or other timber processing business, Peeters says.
For investors looking south of Auckland, there is a quality investment close to the Hamilton CBD at the Corner of Anglesea, Knox and Hood Streets. Marketed by Mike Neale of NAI Harcourts Hamilton, the property is tenanted by Resene and returns $168,500 pa. Neale says the property includes land of 1,929m² and a floor area of 820m², with 25 onsite car parks. In excess of 20,000 vehicles pass the high profile site every day. The property will be auctioned on Wednesday 26 November at 11am, at the NAI Harcourts Auction Room, corner Forest Lake Road and Te Rapa Road, Hamilton.
In Auckland investors have a range of opportunities available to them, eight of which will be auctioned at the Royal New Zealand Yacht Squadron in Westhaven on Thursday 4 December at 11am.
8 Miami Avenue, Waiheke Island
Occupying a road front position in popular Surfdale, 8 Miami Avenue is marketed by Andrew Bruce and Rob Meister of NAI Harcourts North Shore. This property is 809m² and includes a modern two level commercial building, built in 2006 and fully refurbished. The freehold site has three tenancies including an authentic French café, creperie and bistro, Vodafone and one vacant retail shop (under negotiation). Meister says the potential rental is $75, 165 + GST.
Unit 2, 5-19 Factory Road, Waimauku Village
Marketed by David Savery of NAI Harcourts Auckland West, this property is a 1000m² freehold purpose built modern supermarket of concrete construction. Current rental is $190,000 + GST, with a 10 year lease that commenced in March 2008 and a final expiry, after rights of renewal, of 30 March 2028. Savery says Fresh Choice is the anchor tenant amongst 14 other retail shops, including a medical centre, café, takeaways and residential apartments servicing Waimauku township and surrounding districts.
46 Carr Road, Mt Roskill
This tenanted investment in a busy commercial hub is marketed by James Lee and Nick Mi of NAI Harcourts Ellerslie. It includes a 581m² warehouse and office, with long-term tenants paying $69,600pa + GST. Lee says the location is one of the most sought after industrial hubs in Auckland Central and this property will appeal to many investors.
13-15 George Street, Papatoetoe
A two level freehold mixed use building, this property is situated on the main retail street of the town centre. 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, returning $57,000 pa. 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.
All four Auckland properties listed will be auctioned at the Royal New Zealand Yacht Squadron in Westhaven on Thursday 4 December at 11am, along with four others showcased in Key Assets magazine.
View the latest issue of Key Assets here.