42 CASE STUDIES - Bayleys
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CASESTUDI
ES
42
Affordable Albany tenanted investment
Unit C, 235 Bush Road, Albany, Auckland
SOLD Total
Property
Case Study
• Well-established long term tenant Sold by
• Brand new four-year lease returning $30,000pa + GST and outgoings Auction (unless sold prior)
• In an area desirable for tenants and investors Bayleys House, 30 Gaunt Street,
• Includes four exclusive car parks Auckland, New Zealand
Sale price
This tenanted office investment is located on Bush Road, Albany, a popular area
$460,000
with close proximity to local amenities and motorway access.
Jane McKee
A well-presented, first floor office unit situated on the road front with fantastic +64 21 557 377
exposure. The office incorporates a flexible open-plan layout with three glass jane.mckee@bayleys.co.nz
partitioned offices/meeting rooms plus kitchenette and toilet facilities. Well-located, DEVEREUX HOWE-SMITH REALTY LTD, BAYLEYS,
LICENSED UNDER THE REA ACT 2008
tenanted commercial investments in this price range do not last long.
Nicky Joyce
Property Details +64 27 522 5560
Zoning Business Light Industry nicky.joyce@bayleys.co.nz
DEVEREUX HOWE-SMITH REALTY LTD, BAYLEYS,
Floor Area 92.2sqm (approximately) LICENSED UNDER THE REA ACT 2008
Car Parks Four (4) allocated
bayleys.co.nz/1502913
Tenancy Details
Name of Tenant Citcom Limited
Term of Lease Four (4) years
Commencement Date 1st November 2019
Rights of Renewal One (1) term of four (4) years
Net Rental $30,000pa + GST and outgoings
Sale Summary
Marketed through Total Property, the property sold post auction with an
unconditional offer of $460,000.
Total Property Case Study
Sweet investment - new five year lease
Unit A, 89 Ellice Road, Wairau Valley, Auckland
SOLD Total
Property
Case Study
• New five year lease plus further rights of renewals Sold by
• Annual rental $60,000pa + GST and outgoings Auction (unless sold prior)
• Built-in rental growth in a highly sought after location Bayleys House, 30 Gaunt Street,
Auckland, New Zealand
A great opportunity to secure a fantastic road front investment in a popular
Sale price
location. An established café since 2008 provides a new five year lease with further
$1,225,000
rights of renewals along with built-in rental growth. With its excellent location, the
property is home to a range of businesses and popular brands that underpin the Richard Moors
precinct's commercial desirability. Properties of this nature are very sought after in +64 21 613 447
a tightly held market, so this will appeal to first time, passive and astute investors. richard.moors@bayleys.co.nz
DEVEREUX HOWE-SMITH REALTY LTD, BAYLEYS,
LICENSED UNDER THE REA ACT 2008
Property Details
Ranjan Unka
Floor Area 121sqm (approximately) +64 21 711 755
Car Parks 13 on site car parks ranjan.unka@bayleys.co.nz
DEVEREUX HOWE-SMITH REALTY LTD, BAYLEYS,
LICENSED UNDER THE REA ACT 2008
Tenancy Details
Name of Tenant Café Casu bayleys.co.nz/1502952
Term of Lease Five (5) years
Rights of Renewal Two (2) of four (4) years
Net Rental $60,000pa + GST and outgoings
Sale Summary
Marketed through Total Property nationwide. The campaign generated over 90
enquiries Auckland wide. We received a pre-auction offer which brought the
auction forward and eventually sold under the hammer. Seven active bidders in
the auction room mainly investors and neighbouring property and business
owners. Property sold for substantially more than the Vendor's expectations.
Total Property Case Study
THAB development site - 22.5m height overlay
5 Burns Avenue, Takapuna, Auckland
SOLD Total
Property
Case Study
Boundary lines are indicative only
• 1,040sqm (more or less) freehold site Sold by
• Prime Takapuna location For Sale by Deadline Private Treaty
(unless sold prior)
• Terraced Housing and Apartment Buildings (THAB) zoning
Bayleys House, 30 Gaunt Street,
• Holding income from four tenancies
Auckland, New Zealand
Situated on the doorstep to Takapuna's CBD the property consists of a 1,040sqm
Sale price
(more or less) Terraced Housing and Apartment Buildings zoned corner site. $4,005,000
The property benefits from a 22.5m height overlay given its proximity to the Purchaser Profile
Takapuna metropolitan centre allowing for a more intensive redevelopment in the Developer
future. The site is rectangular in nature and currently has four tenancies across two
Michael Nees
dwellings providing a strong holding income for the next successful purchaser.
+64 21 182 3085
michael.nees@bayleys.co.nz
Property Details DEVEREUX HOWE-SMITH REALTY LTD, BAYLEYS,
LICENSED UNDER THE REA ACT 2008
Land Area 1,040sqm (more or less)
Zoning Terraced Housing and Apartment Damian Stephen
+64 21 808 092
Tenancy Details damian.stephen@bayleys.co.nz
DEVEREUX HOWE-SMITH REALTY LTD, BAYLEYS,
Currently returning a holding income of $111,280pa. Full tenancy details are
LICENSED UNDER THE REA ACT 2008
available on request.
bayleys.co.nz/1502950
Sale Summary
Sold pre deadline following significant interest after a Total Property marketing
campaign.
Total Property Case Study
Devonport commercial villa
82 Lake Road, Devonport, Auckland
SOLD Total
Property
Case Study
• Residential zone with existing use rights for commercial Sold by
• Returning $48,000pa + GST and outgoings For Sale by Deadline Private Treaty
(unless sold prior)
• Add value investor or future owner occupier on a high profile freehold site
29 Northcroft Street, Takapuna,
The unique appeal this site offers, lies in that it has an underlying residential zoning Auckland, New Zealand
with existing use rights for commercial activity. Therefore, an incoming purchaser
Sale price
will have the benefit of residential capital gains, whilst enjoying the comparably $1,120,000
higher yield offered by the commercial use. The subject property presents as a
more or less rectangular site of approximately 556sqm of land with frontage and Adam Curtis
exposure to Lake Road. The building is a residential home, which has been adapted +64 21 720 997
adam.curtis@bayleys.co.nz
and has existing use rights for the current commercial (medical) use. There is space DEVEREUX HOWE-SMITH REALTY LTD, BAYLEYS,
for further expansion with the building covering circa 25% of the site. LICENSED UNDER THE REA ACT 2008
Adam Watton
Property Details +64 27 299 6643
Land Area 556sqm (more or less) adam.watton@bayleys.co.nz
Floor Area 130sqm (approximately) DEVEREUX HOWE-SMITH REALTY LTD, BAYLEYS,
LICENSED UNDER THE REA ACT 2008
Tenancy Details bayleys.co.nz/1502949
Name of Tenant Devonport Medical Limited
Term of Lease Two (2) years
Commencement Date 1st September 2017
Net Rental $48,000pa + GST and outgoings
Sale Summary
A successful total property campaign which resulted in an acceptable offer being
received within one week of the property coming to market. The sale price was
well in excess of the vendors’ expectations.
Total Property Case Study
Exceptional investment opportunity
2 Barrels Close, Kumeu, Rodney District, Auckland
SOLD Total
Property
Case Study
• A new architecturally designed childcare centre Sold by
• National tenant with 20 year lease For Sale by Deadline Private Treaty
(unless sold prior)
• Returning $241,332pa + GST
Bayleys House, 30 Gaunt Street,
• Licensed for 91 children
Auckland, New Zealand
• 100% NBS
Sale price
This property presents a outstanding investment opportunity with a long term lease $4,500,000
in place to a national tenant, licensed for 91 children. This exceptional investment
opportunity is underpinned by evident strong demand for quality childcare in Yield
5.36%
Auckland's fast-growing northern suburbs. Stunning architecture, a stylish fit-out
and superb investment fundamentals make this an ideal bottom-drawer investment. Stephen Scott
The centre is close to Huapai centre, making it ideally located for growing families +64 27 406 0298
with both preschool and school-aged children. stephen.scott@bayleys.co.nz
BAYLEYS REAL ESTATE LTD, AUCKLAND CENTRAL,
LICENSED UNDER THE REA ACT 2008
Property Details
Land Area 1,898sqm bayleys.co.nz/1689160
Floor Area 447sqm
Car Parks 16
Zoning Mixed housing Suburban within Huapai 2 Precinct
Sale Summary
The property was marketed in Total Property magazine prior to deadline close
date, the tenant exercised their first right and purchased unconditionally.
Total Property Case Study
Split risk investment with established tenants
6/2 Triangle Road, Massey, Waitakere City, Auckland
SOLD Total
Property
Case Study
• Freehold strata investment with two long-established tenants in place Sold by
• Rare to find split risk investment returning $91,000 pa. + GST Auction (unless sold prior)
• Excellent street frontage towards busy roundabout Bayleys House, 30 Gaunt Street,
• 312sqm large retail format at the end of block offering superb signage profile Auckland, New Zealand
Sale price
Offered to the market is a well-established tenanted investment in the heart of
$1,530,000
Massey Community Centre. The freehold strata unit consists of two retail tenants,
Triangle Laundromat & Domino's Pizza generating income of $91,000 pa. + GST. Source of Purchaser
Database
Located at the rear of the property is allocated car parks accessory unit for two
designated car parks. There is plenty of customer parking right in front of the unit; Purchaser Profile
Passive Investor
adjoining businesses are Massey Fruit and Vege, Westside Bakehouse and Junction
Juniors early childhood education centre. Oscar Kuang
+64 21 609 429
Property Details oscar.kuang@bayleys.co.nz
BAYLEYS REAL ESTATE LTD, AUCKLAND CENTRAL,
Floor Area 312sqm (more or less) LICENSED UNDER THE REA ACT 2008
James Chan
Tenancy Details +64 21 934 054
Fully leased by two tenants: Triangle Laundromat & Domino’s Pizza with holding james.chan@bayleys.co.nz
income of $91,000 pa. + GST. Full tenancy details are available on request. BAYLEYS REAL ESTATE LTD, AUCKLAND CENTRAL,
LICENSED UNDER THE REA ACT 2008
Sale Summary bayleys.co.nz/1689005
Tenanted investment selling via auction campaign, received a good number of
enquires and ended up with over five bidders in the room and two telephone
bidders, sold over reserve just below a 6% return.
Total Property Case Study
Seriously motivated vendor
Unit G, 21 Catherine Street, Henderson, Waitakere City, Auckland
SOLD Total
Property
Case Study
• Modern freehold unit of 245sqm (more or less) Sold by
• Generous car parking Price by Negotiation
• A+ Seismic (IEP) rating Sale price
• Thriving Henderson location $600,000
Providing a great opportunity to both entry level and existing add value investors Janak Darji
looking for modern retail investment in a Central Henderson location. In close +64 21 047 1290
proximity to the Train Station, Westfield Shopping Centre and the Auckland District janak.darji@bayleys.co.nz
Council building, the property benefits from excellent frontage with generous car BAYLEYS REAL ESTATE LTD, MANUKAU,
LICENSED UNDER THE REA ACT 2008
parking located throughout the retail complex.
Tony Chaudhary
Featuring tilt slab constructed walls, concrete foundation and aluminium joinery, the +64 21 995 121
property is surrounded by well established neighbouring tenancies, including Dollar tony.chaudhary@bayleys.co.nz
BAYLEYS REAL ESTATE LTD, MANUKAU,
Dealers, Curtain Studio, Aussie Butcher, Fruit World and more. LICENSED UNDER THE REA ACT 2008
The opportunity presents itself for an owner occupier or add value investor to Travis Nicholls
position themselves in a prominent road front location in the heart of Henderson's +64 21 168 5294
rejuvenating town centre. travis.nicholls@bayleys.co.nz
BAYLEYS REAL ESTATE LTD,,
LICENSED UNDER THE REA ACT 2008
Property Details
Floor Area 245sqm (more or less) bayleys.co.nz/1902260
Zoning Business Metropolitan Centre
Tenancy Details
For sale with vacant possession.
Sale Summary
With 30 enquiries, the property sold unconditionally post deadline to an owner
occupier.
Total Property Case Study
Sought-after industrial with add-value potential
24B Fremlin Place, Avondale, Auckland
SOLD Total
Property
Case Study
• Large 5,215sqm freehold Avondale site with add value potential Sold by
• 1,839sqm floor area with development land and yard on either side of the building Tender (unless sold prior)
• Extremely well located just off Rosebank Road Bayleys House, 30 Gaunt Street,
• Zoned Business - Light Industrial (Auckland Unitary Plan) Auckland, New Zealand
• Available with vacant possession Sale price
$3,951,000
This under-developed property is extremely well located in the tightly held
Rosebank Road precinct, a strategic position with easy access to Auckland's Source of Purchaser
motorway network. Prospecting
The functional industrial building will suit a multitude of businesses, with the Purchaser Profile
Owner occupier SME
potential to refurbish or redevelop to suit.
Mark Preston
Owner occupiers and investors looking to secure a large holding with potential in
+64 27 393 9286
the well-established industrial centre of West Auckland should enquire now.
mark.preston@bayleys.co.nz
BAYLEYS REAL ESTATE LTD, AUCKLAND CENTRAL,
Property Details LICENSED UNDER THE REA ACT 2008
Land Area 5,215sqm (more or less) Matt Mimmack
Floor Area 1,839sqm (approximately) +64 21 229 5878
Zoning Business - Light Industrial (Auckland Unitary Plan) matt.mimmack@bayleys.co.nz
DEVEREUX HOWE-SMITH REALTY LTD, BAYLEYS,
LICENSED UNDER THE REA ACT 2008
Tenancy Details
bayleys.co.nz/1689194
To be sold with holding income in place. Full tenancy details are available on
request.
Sale Summary
The marketing campaign resulted in a good number of enquiries and four tenders
being presented and the property being sold for $2,148/sqm.
Total Property Case Study
Functional industrial with profile
33 Wolverton Street, Avondale, Auckland City, Auckland
SOLD Total
Property
Case Study
• 756sqm well-presented freehold industrial Sold by
• High exposure road frontage on Wolverton Street Auction (unless sold prior)
• Vacant possession - would suit a range of business uses Bayleys House, 30 Gaunt Street,
• Comprises warehouse, showroom, office and amenities Auckland, New Zealand
Sale price
The property comprises well-presented showroom or office split across two levels
$1,800,000
with full amenities. The functional high stud warehouse, is accessed via a full height
roller door with ample onsite car parking and fenced yard at the rear of the Terry Kim
property. +64 27 4711 446
terry.kim@bayleys.co.nz
This prime Avondale position is highly sought-after due to ongoing infrastructure DEVEREUX HOWE-SMITH REALTY LTD, BAYLEYS,
LICENSED UNDER THE REA ACT 2008
upgrades improving accessibility and the expansive industrial/commercial growth
West Auckland is experiencing. Mark Preston
+64 27 393 9286
Property Details mark.preston@bayleys.co.nz
BAYLEYS REAL ESTATE LTD, AUCKLAND CENTRAL,
Land Area 1,025sqm LICENSED UNDER THE REA ACT 2008
Zoning Light Industrial
bayleys.co.nz/1502934
Sale Summary
This property sold at auction with four bidders in the room, and one telephone
bidder, an owner occupier purchased this property for $1,800,000 land and
building $2380/sqm. Estimated yield 5.5% to 6% based on market rental.
Total Property Case StudyStandalone corner site
522 Blockhouse Bay Road, Blockhouse Bay, Auckland City, Auckland
SOLD Total
Property
Case Study
• 336sqm standalone corner site - Business Local Centre zoning Sold by
• Well presented building currently used as a community hall Tender (unless sold prior)
• Adjoining Blockhouse Bay Community Centre and close to retail centre Bayleys House, 30 Gaunt Street,
Auckland, New Zealand
This well located corner site with an existing well presented and adaptable building
Sale price
will have appeal to a wide range of potential purchasers including owner occupiers,
$865,000
investors, developers, special interest groups and others in this tightly held location.
Source of Purchaser
Located on the corner of Blockhouse Bay Road and Exminster Street, this property Prospecting
adjoins the Blockhouse Bay Community Centre, and is in very close proximity to the
vibrant Blockhouse Bay retail centre and other commercial and residential Purchaser Profile
Institutional listed / unlisted
amenities, this location has to offer.
Mike Adams
This property has been home to a community group for 40+ years, and is now
+64 21 977 527
offered for sale with vacant possession
mike.adams@bayleys.co.nz
BAYLEYS REAL ESTATE LTD, AUCKLAND CENTRAL,
Property Details LICENSED UNDER THE REA ACT 2008
Land Area 333sqm (more or less) Jean-Paul Smit
Floor Area 186sqm (approximately) +64 21 021 61616
Zoning Business - Local Centre jean-paul.smit@bayleys.co.nz
BAYLEYS REAL ESTATE LTD, AUCKLAND CENTRAL,
LICENSED UNDER THE REA ACT 2008
Tenancy Details
Sold with vacant possession - previously owner occupied.
bayleys.co.nz/1689193
Sale Summary
After a rigorous Total Property marketing with multiple offers received, the
purchase of this property is reflective of the current market.
Total Property Case StudyFresh investment opportunity - eight year lease
3/115 Felton Mathew Avenue, Saint Johns, Auckland City, Auckland
SOLD Total
Property
Case Study
Boundary lines are indicative only
• New eight-year lease plus further rights of renewal Sold by
• Returning $87,000 pa plus GST and outgoings Auction (unless sold prior)
• Sought after location with generous car parking Bayleys House, 30 Gaunt Street,
Auckland, New Zealand
This freehold modern retail property of 293sqm in St Johns presents an affordable
Sale price
investment opportunity.
$1,681,000
Centrally located in Saint Johns, the property is approximately 15 minutes from the
Source of Purchaser
Auckland CBD and in close proximity to the Glen Innes train station. Neighbouring Established Client
tenants include Carls Jr, Liquor Spot, Bruce Lee Sushi & Roll, Jetts Gym and
Columbus coffee. Purchaser Profile
Passive Investor
The unit features a seven metre stud height and rear storage or processing area
Amy Weng
with separate entry via shared service and delivery lane. Having been a fruit and
+64 21 177 3422
vegetable shop since construction it is well known in the community.
amy.weng@bayleys.co.nz
BAYLEYS REAL ESTATE LTD, MANUKAU,
Returning $87,000 pa plus GST and outgoings with two-yearly rent reviews and an LICENSED UNDER THE REA ACT 2008
eight-year lease to a well-established tenant, this is a fantastic investment
Nelson Raines
opportunity and one at an affordable price point.
+64 21 555 673
nelson.raines@bayleys.co.nz
Property Details BAYLEYS REAL ESTATE LTD, MANUKAU,
LICENSED UNDER THE REA ACT 2008
Floor Area 297sqm (more or less)
Zoning Business - Mixed Use Zone Oscar Kuang
+64 21 609 429
Sale Summary oscar.kuang@bayleys.co.nz
BAYLEYS REAL ESTATE LTD, AUCKLAND CENTRAL,
LICENSED UNDER THE REA ACT 2008
We have received an excellent level of enquiry throughout the campaign. As a
result, five bidders attended the auction and the property was sold to the highest
bidder (passive investor) for $1,681,000 which is equivalent to 5.17% return.
bayleys.co.nz/1902263
Total Property Case StudySought-after Penrose industrial unit
657K Great South Road, Penrose, Auckland
SOLD Total
Property
Case Study
Boundary lines are indicative only
• Well located 298sqm (approximately) industrial unit on Great South Road Sold by
• Tightly held area and highly sought-after property type Auction (unless sold prior)
• Perfect for owner occupiers or investors Bayleys House, 30 Gaunt Street,
• Ample parking and functional warehousing allow a range of uses Auckland, New Zealand
Sale price
Located in central Penrose, this attractive industrial unit is available for purchase
$1,295,000
with vacant possession. Rarely do vacant units of this size come available to the
market, especially in this location. Just minutes from the Southern Motorway and on Source of Purchaser
Auckland's main arterial - Great South Road - this property is not one to be missed. Database
The freehold unit comprises 298sqm (approximately) total floor area which is made Purchaser Profile
Owner occupier SME
up of offices, amenities, warehousing and mezzanine storage above the office. The
unit layout is highly functional with a full height roller door providing superb Greg Hall
warehouse access. +64 21 023 21884
greg.hall@bayleys.co.nz
Property Details BAYLEYS REAL ESTATE LTD, AUCKLAND CENTRAL,
LICENSED UNDER THE REA ACT 2008
Floor Area 298sqm (approximately)
William Gubb
Car Parks Six (6)
+64 21 145 6811
Zoning Business - Heavy Industry william.gubb@bayleys.co.nz
BAYLEYS REAL ESTATE LTD, AUCKLAND CENTRAL,
LICENSED UNDER THE REA ACT 2008
Tenancy Details
For sale with vacant possession. bayleys.co.nz/1689152
Sale Summary
A pre-auction offer resulted in the auction date being brought forward.
Competitive bidding in the room saw the property being sold for $1,295,000.
Total Property Case StudyIndustrial investment in sought-after Onehunga
10 Henderson Place, Onehunga, Auckland City, Auckland
SOLD Total
Property
Case Study
• Standalone freehold industrial investment returning $360,000 p.a. (net) Sold by
• 3,408sqm site with multiple access points in this sought-after industrial precinct Tender (unless sold prior)
• Well established manufacturing tenant, occupying this building since circa 1990 Bayleys House, 30 Gaunt Street,
• 2,772sqm approximately of total floor area and substantial yard and parking Auckland, New Zealand
Sale price
A tenanted industrial investment that ticks so many boxes for purchasers in this
$6,675,000
tightly held and central Auckland industrial location. The established tenant who has
been in occupation of this premises since circa 1990 have entered into a new five Yield
year lease term, with further rights of renewal. 5.40%
This Light-Industry zoned property is surrounded by a mix of commercial and Source of Purchaser
Prospecting
industrial entities and offers very close proximity to Church Street, a main arterial
which provides for ease of access to a number of main transport systems and Purchaser Profile
amenities. Passive Investor
Mike Adams
Property Details
+64 21 977 527
Land Area 3,408sqm (more or less) mike.adams@bayleys.co.nz
Floor Area 2,772sqm (approximately) BAYLEYS REAL ESTATE LTD, AUCKLAND CENTRAL,
LICENSED UNDER THE REA ACT 2008
Zoning Business - Light Industry
Jean-Paul Smit
+64 21 021 61616
Tenancy Details
jean-paul.smit@bayleys.co.nz
Name of Tenant Bourneville Furniture BAYLEYS REAL ESTATE LTD, AUCKLAND CENTRAL,
LICENSED UNDER THE REA ACT 2008
Term of Lease Five (5) years
Full tenancy details will be available upon request. James Valintine
+64 21 023 71868
Sale Summary james.valintine@bayleys.co.nz
BAYLEYS REAL ESTATE LTD, AUCKLAND CENTRAL,
LICENSED UNDER THE REA ACT 2008
After a successful tender campaign through Total Property marketing, both the
vendor and purchaser indicated a maximised result.
bayleys.co.nz/1689130
Total Property Case StudyAffordable freehold industrial
18-20 Pukemiro Street, Onehunga, Auckland
SOLD Total
Property
Case Study
• Functional industrial building on 1,112sqm of land Sold by
• Comprises warehouse, office and amenities For Sale by Deadline Private Treaty
(unless sold prior)
• Vacant possession - will suit owner occupiers and add value investors
Bayleys House, 30 Gaunt Street,
• Zoned Heavy Industrial - allows for a variety of uses
Auckland, New Zealand
This 928sqm (approximately) industrial standalone comprises warehouse accessed
Sale price
via dual roller doors with ample office accommodation and amenities. $2,100,000
The property is situated in the heart of the Onehunga industrial precinct. This highly Source of Purchaser
sought after geographical location is strategically positioned between the Auckland Database
Airport and the CBD, providing convenient access to both State Highway 20 and
Purchaser Profile
State Highway 1.
Active add value investor
For sale with vacant possession, this property is an ideal opportunity for owner William Gubb
occupiers and add value investors looking to utilise the favourable zoning and +64 21 145 6811
position themselves in a tightly held central industrial location. william.gubb@bayleys.co.nz
BAYLEYS REAL ESTATE LTD, AUCKLAND CENTRAL,
LICENSED UNDER THE REA ACT 2008
Property Details
Land Area 1,112sqm (more or less) James Valintine
Floor Area 928sqm approximately +64 21 023 71868
james.valintine@bayleys.co.nz
Zoning Business - Heavy Industry (Auckland Unitary Plan) BAYLEYS REAL ESTATE LTD, AUCKLAND CENTRAL,
LICENSED UNDER THE REA ACT 2008
Tenancy Details
bayleys.co.nz/1689196
For sale with vacant possession.
Sale Summary
The marketing campaign drew good interest and the property was sold prior to
deadline for a purchase price equlting to $2,262/sqm.
Total Property Case StudyHigh-profile opportunity in Takanini
268 Great South Road, Takanini, Papakura District, Auckland
SOLD Total
Property
Case Study
Boundary lines are indicative only
• 1,068sqm standalone freehold site in a high profile location Sold by
• Prime position on Great South Road in the heart of Takanini Auction
• Close proximity to Southgate, Takanini village, Papakura and other amenities Sale price
• Fast growing area handy to the southern motorway $1,075,000
This was an exceptional and unique opportunity for investors or owner occupiers to Piyush Kumar
acquire this high profile site. +64 27 410 4750
piyush.kumar@bayleys.co.nz
Located in the heart of Takanini, this property enjoys good road frontage, exposure BAYLEYS REAL ESTATE LTD, COUNTIES,
LICENSED UNDER THE REA ACT 2008
to the main arterial of Great South Road and is in close proximity to local shopping
centres and retailers. Zoned Business Light Industry, it's currently used as an Peter Migounoff
automotive sales centre. +64 27 492 0788
peter.migounoff@bayleys.co.nz
Property Details BAYLEYS REAL ESTATE LTD, COUNTIES,
LICENSED UNDER THE REA ACT 2008
Land Area 1,068sqm
Floor Area 123sqm (more or less) bayleys.co.nz/1951703
Zoning Business Light Industry
Sale Summary
Marketed in Total Property Issue 8. Passed in at Auction and sold to the highest
bidder the next day.
Total Property Case StudyPrime childcare investment
12 Helenslee Road, Pokeno
SOLD Total
Property
Case Study
• An early childhood centre purpose built in 2015 Sold by
• Returning $183,014.77pa + GST Price by Negotiation
• 15-year lease with structured rental growth Sale price
This quality purpose built freehold investment property will appeal to anyone Confidential
wanting a hands off investment in a booming location. The property is 1,940sqm Adam Watton
(more or less) and has an experienced ECE tenant in place operating a 75 licence +64 27 299 6643
childcare business catering for children from zero to six years of age. Nestled at the adam.watton@bayleys.co.nz
foot of the Bombay Hills and protected by the surrounding terrain, Pokeno is DEVEREUX HOWE-SMITH REALTY LTD, BAYLEYS,
LICENSED UNDER THE REA ACT 2008
strategically located at the crossroads of State Highways 1 and 2. Just 45 minutes
Adam Curtis
from Auckland CBD, Pokeno village enjoys all the benefits of a country lifestyle
+64 21 720 997
without sacrificing the convenience of proximity to Auckland. This is an area in the
adam.curtis@bayleys.co.nz
midst of a development boom, underpinning the future value of this investment. DEVEREUX HOWE-SMITH REALTY LTD, BAYLEYS,
LICENSED UNDER THE REA ACT 2008
Property Details Tony Chaudhary
Floor Area 368sqm (approximately) +64 21 995 121
tony.chaudhary@bayleys.co.nz
BAYLEYS REAL ESTATE LTD, MANUKAU,
Tenancy Details LICENSED UNDER THE REA ACT 2008
Name of Tenant Pokeno Preschool Limited
Term of Lease 15 years
bayleys.co.nz/1502940
Commencement Date 19th October 2018
Rights of Renewal Three (3) further terms of five (5) years each
Net Rental $183,014.77pa + GST
Sale Summary
This Waikato property generated a huge amount of enquiry and went under
contract early on in the campaign, eventually selling for an undisclosed amount.
Total Property Case StudyDon’t throw your money down the drain
320 Pollen Street, Thames, Waikato
SOLD Total
Property
Case Study
• National brand anchor tenant Sold by
• Main street location Auction (unless sold prior)
• Multi-tenant investment 96 Ulster Street,
Hamilton, New Zealand
320 Pollen Street offers any investor a hands free low maintenance investment with
Sale price
Plumbing World as your anchor tenant. The property is well positioned on
$1,060,000
Thames’s main street with excellent exposure to both vehicular and foot traffic.
Alongside the plumbing tenancy is Thames Acupuncture, an ACC approved Source of Purchaser
acupuncture and massage provider. The 950sqm (more or less) site houses 660sqm NZ Herald True Commercial
(more or less) of building with a 291sqm (more or less) fenced yard at the rear Purchaser Profile
opening in to the service lane. Both tenancies are returning a combined $57,500pa Passive Investor
+ GST and OPEX and this property has an excellent IEP making this a must for any
Josh Smith
investor.
+64 27 229 8865
josh.smith@bayleys.co.nz
Property Details SUCCESS REALTY LIMITED T/A BAYLEYS,
LICENSED UNDER THE REA ACT 2008
Land Area 951sqm (more or less)
Floor Area 660sqm (more or less) Jason Kong
Zoning Commercial (8A) +64 21 713 358
jason.kong@bayleys.co.nz
SUCCESS REALTY LIMITED T/A BAYLEYS,
Tenancy Details LICENSED UNDER THE REA ACT 2008
Currently returning $57,500pa + GST and OPEX. Full tenancy details are available
on request.
bayleys.co.nz/2310856
Sale Summary
This national brand tenant received 45 enquiries, mainly from investors looking
for a long term tenanted property. Multiple bidders in the room on auction day
and it was sold under the hammer.
Total Property Case StudyReel this one in
11 Tui Terrace, Tairua, Coromandel Peninsula
SOLD Total
Property
Case Study
Boundary lines are indicative only
• Location, location, location Sold by
• Development potential Auction (unless sold prior)
• Prime waterfront 96 Ulster Street,
• Northern aspect Hamilton, New Zealand
Sale price
11 Tui Terrace currently known as the Tairua Pauanui Sports Fishing Club is being
$1,200,000
offered to the market with vacant possession. Perfectly positioned the property
offers an easy walk to town and the estuary with boat ramp and ferry facilities only Purchaser Profile
a hop, skip and a jump away. Owner occupier SME
With limited waterfront properties available in Tairua, one of the Coromandel’s Josh Smith
holiday hot spots, this property lends itself to a multitude of options. Exploring +64 27 229 8865
josh.smith@bayleys.co.nz
future commercial use, redevelop in to a prime waterfront home or investigate the SUCCESS REALTY LIMITED T/A BAYLEYS,
potential for accommodation development options. LICENSED UNDER THE REA ACT 2008
Belinda Sammons
Property Details +64 27 272 7728
Land Area 780sqm (more or less) belinda.sammons@bayleys.co.nz
Floor Area 200sqm (more or less) MH REALTY LTD, BAYLEYS,
LICENSED UNDER THE REA ACT 2008
Zoning Residential (9C)
bayleys.co.nz/2310860
Tenancy Details
For sale with vacant possession.
Sale Summary
With over 22 enquiries and several viewings, the property sold under the hammer.
The purchaser will be developing the site for future business use.
Total Property Case StudyInvest in gold
1 Mueller Street, Waihi, Waikato
SOLD Total
Property
Case Study
• High profile corner site Sold by
• 75% IEP Auction (unless sold prior)
• $41,600pa net rental 96 Ulster Street,
Hamilton, New Zealand
On offer is 1,012sqm (more or less) of Commercially Zoned land on a prime corner
Sale price
location in the heart of Waihi’s mining tourism centre. The tenant Oceana Gold
$500,000
(New Zealand) Limited has recently obtained approval to purchase 180 hectares of
land for tailings ponds extending the longevity of the mine. The property’s corner Source of Purchaser
site has substantial frontage along both Mueller and Seddon Street seeing Referral
significant foot and vehicle traffic. You don’t have to dig very deep to see that 1 Purchaser Profile
Mueller Street, Waihi has everything the astute investor needs. Holder / land banker
Property Details Josh Smith
+64 27 229 8865
Land Area 1,012sqm (more or less)
josh.smith@bayleys.co.nz
Floor Area 470sqm (more or less) SUCCESS REALTY LIMITED T/A BAYLEYS,
LICENSED UNDER THE REA ACT 2008
Zoning Commercial (8A)
Daniel Keane
Tenancy Details +64 27 227 1918
daniel.keane@bayleys.co.nz
Name of Tenant Oceana Gold (New Zealand) Limited SUCCESS REALTY LIMITED T/A BAYLEYS,
Term of Lease Three (3) years LICENSED UNDER THE REA ACT 2008
Rights of Renewal Two (2) of two (2) years
bayleys.co.nz/2310859
Net Rental $41,000pa + GST and OPEX
Sale Summary
Successful campaign with over 34 enquiries. High interest from lower price
bracket buyers looking for high yield returns. Multiple buyers in the room on
auction day and sold under the hammer.
Total Property Case StudyAccountable investment
59 Whitaker Street, Te Aroha, Waikato
SOLD Total
Property
Case Study
• Tenanted investment Sold by
• Ample tenant and client parking Auction (unless sold prior)
• Substantial land holding 96 Ulster Street,
Hamilton, New Zealand
When position is everything 59 Whitaker Street offers its tenant Diprose Miller
Sale price
Chartered Accountants a prime location for servicing its rural clients. Diprose Miller
$1,310,000
has a long history servicing greater Waikato specialising in rural and business
accounting and has been operating for over 50 years with the past 25 years in the Source of Purchaser
current building. Realestate.co.nz/commercial
59 Whitaker Street offers a substantial land area of 5,116sqm (more or less) and Purchaser Profile
Passive Investor
2,000sqm (more or less) of buildings. Currently returning $90,000 pa + GST and
OPEX on a new six year term with rights of renewal. Josh Smith
+64 27 229 8865
Property Details josh.smith@bayleys.co.nz
SUCCESS REALTY LIMITED T/A BAYLEYS,
Land Area 5,126sqm (more or less) LICENSED UNDER THE REA ACT 2008
Floor Area 2,000sqm (more or less)
David Cashmore
Zoning Commercial (8A) +64 21 943 305
david.cashmore@bayleys.co.nz
Tenancy Details SUCCESS REALTY LIMITED T/A BAYLEYS,
LICENSED UNDER THE REA ACT 2008
Name of Tenant Diprose Miller
Term of Lease Six (6) years bayleys.co.nz/2310874
Rights of Renewal Two (2) of six (6) years
Net Rental $90,000pa
Sale Summary
A well run campaign resulting in 21 enquiries and a number of inspections. With
multiple bidders in the room on auction day the property sold under the hammer.
Total Property Case StudyCash flow plus
285 Maungatapu Road, Maungatapu, Tauranga, Bay of Plenty
SOLD Total
Property
Case Study
• Excellent high-profile location Sold by
• Multiple Freehold titles Tender (unless sold prior)
• 100% occupancy Bayleys Tauranga, 247 Cameron Road,
Tauranga, New Zealand
Maungatapu Peninsular is in the middle of Tauranga, fully developed as an attractive
Sale price
residential suburb. It is accessed via the major roundabout servicing State Highway
$3,000,000 + GST
29, Welcome Bay, Ohauiti and 15th Avenue in central Tauranga. Maungatapu
Shopping Centre is the central hub of the community. The excellent tenant mix Jim McKinlay
includes: Dragon Fish and Dumplings, The Hidden Lunch Bar and Bakery, AJ’s Tab, +64 21 417 426
Gaming and Bottle Store, Maungatapu Pharmacy, Maungatapu Superette, Adele jim.mckinlay@bayleys.co.nz
SUCCESS REALTY LIMITED T/A BAYLEYS,
Beauty, Trimmerz Hair Design and Vanilla Café, complimented by a Lotto outlet and LICENSED UNDER THE REA ACT 2008
NZ Post boxes. The centre has a history of exceptionally high occupancy.
bayleys.co.nz/2500771
Property Details
Land Area 3,108sqm
Floor Area 961
Car Parks 20 public car parks
Zoning Commercial (8A)
Tenancy Details
The net passing income is $182,667 + GST. Full tenancy details are available on
request.
Sale Summary
The Total Property campaign generated interest through a mix of online
advertising and print media, resulting in multiple tenders being received. One of
these was accepted and the property is now sold.
Total Property Case StudyGenerous rural returns
591 No 1 Road, Te Puke, Bay of Plenty
SOLD Total
Property
Case Study
• Split-risk investment with two established tenants Sold by
• Strategic site in highly sought after rural location Auction (unless sold prior)
• Potential add value opportunity for future owner occupier 247 Cameron Road, Tauranga,
New Zealand
Located in Te Puke's horticultural mecca this 1.0800 hectare investment
Phil Mangos
opportunity awaits a new investor or owner or occupier. A large packing shed,
+64 27 496 5995
coolstore, loadout yard and office spaces with ample on-site car parking, two
phil.mangos@bayleys.co.nz
established tenancies plus additional site development opportunity make this an SUCCESS REALTY LIMITED T/A BAYLEYS,
excellent add-value proposition.
LICENSED UNDER THE REA ACT 2008
Ryan Bradley
Long term, the vacant land at the rear at the property provides options for a house
+64 27 472 2865
site. With horticultural workers in hot demand, on site accommodation could
ryan.bradley@bayleys.co.nz
provide a further income stream (subject to Council regulations and consent). SUCCESS REALTY LIMITED T/A BAYLEYS,
LICENSED UNDER THE REA ACT 2008
Property Details
bayleys.co.nz/2500775
Land Area 1.08 hectares (more or less)
Floor Area 2,200sqm (approximately)
Tenancy Details
Currently returning $76,302pa + GST and outgoings. Full tenancy details are
available.
Sale Summary
A comprehensive and targeted marketing campaign incorporating a range of
print and digital media, face-to-face networking, along with the reach of the
Bayleys database across both the country and commercial divisions uncovered
numerous enquiries. Bidding at auction did not reach reserve however an
unconditional offer was negotiated within three days.
Total Property Case StudySecure investment, now and into the future
256 Devon Street East, New Plymouth, Taranaki
SOLD Total
Property
Case Study
• Specialised data centre use Sold by
• Currently returning $85,000pa + GST (net) Auction (unless sold prior)
• Seismic rating 95% NBS (A-grade) Bayleys New Plymouth, 15 Courtenay
Street, New Plymouth, New Zealand
The property is occupied by established data centre and web services company,
Sale price
Our Cloud, which has undertaken significant tenant works to create New Plymouth's
$1,420,000
only commercially available data centre. Our Cloud commenced a six-year lease in
February 2019, with two six-year rights of renewal, producing a net rental of Iain Taylor
$85,000pa. With a floor area of 370sqm (more or less), the building holds a +64 21 473 253
category "A" seismic rating and has recently received a high quality refurbishment iain.taylor@bayleys.co.nz
SUCCESS REALTY TARANAKI LTD, BAYLEYS,
including replacement of the HVAC system. There is rear access from Robbies Lane LICENSED UNDER THE REA ACT 2008
and five on site car parks. Alan Johnston
+64 27 293 0762
Property Details
aj@bayleys.co.nz
Zoning Business A SUCCESS REALTY TARANAKI LTD, BAYLEYS,
LICENSED UNDER THE REA ACT 2008
Tenancy Details bayleys.co.nz/2600321
Name of Tenant Naki Host Limited T/A Our Cloud and Speedster
Term of Lease Six (6) years
Commencement Date 1st February 2019
Rights of Renewal Two (2) terms of six (6) years each
Net Rental $85,000pa
Sale Summary
After only one week on the market the vendor received a prior offer at an
acceptable level and the property was sold.
Total Property Case StudySignificant Napier industrial with income
60-64 Thames Street, Pandora, Hawke's Bay
SOLD Total
Property
Case Study
Boundary lines are indicative only
• Prime industrial location on busy connector road Sold by
• 3,735sqm property over three leasehold titles Tender (will not be sold prior)
• $57,500pa + GST rental with opportunity to increase 52 Bridge Street, Ahuriri, Napier, New
Zealand
Our vendor is clear, this property is surplus to requirements and must be sold.
Mark Evans
A large industrial landholding close to Napiers busy sea Port, Hawkes Bay Airport, +64 21 990 212
and the state highway network, this high profile 3,735sqm property offers mark.evans@bayleys.co.nz
significant opportunity to the savvy purchaser. Comprised of three leasehold titles, EASTERN REALTY LTD, BAYLEYS,
LICENSED UNDER THE REA ACT 2008
we bring to the market four industrial buildings (including multiple roller doors and
Kerry Geange
gantries) currently leased to an established tenant for warehousing and retail, and a
+64 27 543 2643
separate substantial office building of high quality previously occupied by our
kerry.geange@bayleys.co.nz
vendor which now awaits a new occupier. EASTERN REALTY LTD, BAYLEYS,
LICENSED UNDER THE REA ACT 2008
Property Details
bayleys.co.nz/2801339
Land Area 3,735sqm
Sale Summary
Very busy campaign with multiple enquiry from predominantly local buyers.
Multiple tenders received at tender close, including more than one cash
unconditional offer. Sold on a cash unconditional basis. Very happy vendors on a
complex leasehold property.
Total Property Case StudyWhy pay rent? Add value, invest or occupy
16 Carlyle Street, Napier South, Hawke's Bay
SOLD Total
Property
Case Study
Boundary lines are indicative only
• 190sqm freehold mixed commercial and residential property Sold by
• Highly visible, corner profile site. Fringe Commercial zone Auction (will not be sold prior)
• Seismic 70% NBS 52 Bridge Street, Ahuriri, Napier, New
• Located on busy intersection on main arterial route in and out of city Zealand
Sale price
Everyone loves pizza, and you are sure to want to have a bite at this solid, highly
$750,000
visible corner profile site. An iconic pizzeria for some 25-plus years. The property
will be sold with vacant possession and an easy conversion to retail or office will Source of Purchaser
appeal to many businesses and developers, as well as national brands and boutique Database
hospitality food outlets. Purchaser Profile
Owner occupier corporate
Located at a busy intersection on a main arterial route into the city opposite
Napiers main bus terminal and a short walk to the CBD. Situated among many Mark Evans
national brands and household names like Countdown, KFC, Domino's, St Pierre's +64 21 990 212
Sushi and many more. mark.evans@bayleys.co.nz
EASTERN REALTY LTD, BAYLEYS,
LICENSED UNDER THE REA ACT 2008
Property Details
Land Area 190sqm bayleys.co.nz/2801326
Tenancy Details
Sold with vacant possession.
Sale Summary
Took the property to Total Property by auction. Ran an editorial which featured
heavily in press and social media. Great marketing strategy and solid enquiry
throughout the campaign. Sold at auction under the hammer for $750,000 + GST
(if any), based upon a market rental 6.15%.
Total Property Case StudyFinally for sale! Hold, improve or redevelop
135-137 Frederick Street East, Mayfair, Hastings, Hawke's Bay
SOLD Total
Property
Case Study
Boundary lines are indicative only
• Land area 2,023sqm (more or less) Sold by
• Total floor area 1,125sqm (approximately) Auction (will not be sold prior)
• Zoning, Suburban Commercial under the Hastings District Plan 52 Bridge Street, Ahuriri, Napier, New
• Multi tenanted with approximate net income of $27,398 pa Zealand
Sale price
This high profile property is located on a busy suburban thoroughfare and sits just a
$645,000
short distance from a major intersection with Karamu Road, one of the main arterial
routes between Hastings and Napier. Sam MacDonald
+64 21 950 320
Comprising a rectangular shaped land area with large road frontage the building sam.macdonald@bayleys.co.nz
improvements on site are of mixed age. The original factory building (built circa EASTERN REALTY LTD, BAYLEYS,
LICENSED UNDER THE REA ACT 2008
1950) of approximately 787sqm consists of four occupants and one vacancy. The
newer, high stud workshop (circa 1990) is approximately 338sqm in size and is bayleys.co.nz/2801343
currently utilised by an established car care services business.
Held by the same family for an extended period this property is now ripe for add-
value improvement for a range of uses. Integrate the existing improvements or
contemplate a full redevelopment, the choice is yours.
Property Details
Land Area 2,023sqm
Floor Area 1,125sqm
Tenancy Details
Name of Tenant Multi tenancies
Net Rental Current net income approximately $27,398 pa
Sale Summary
Multiple bidders, sold at auction for $645,000.
Total Property Case StudySolid investment
60 Ridgway Street, City Centre, Wanganui
SOLD Total
Property
Case Study
• $249,303 gross income Sold by
• 539sqm downstairs to lease Tender (will not be sold prior)
• Split risk with three tenants 158 Wicksteed Street, Whanganui, New
Zealand
This landmark piece of architecture, an iconic government-built building represents
Sale price
a solid return on investment with the upside of adding value to the rental income.
$1,950,000
The site has three existing tenants including Crombie Lockwood, a nationally
recognised company. Ministry of Business Innovation and Enterprise (MBIE) and Source of Purchaser
Community house, which is a local umbrella organisation that provides a base and Established Client
collaboration of fifteen not for profit organisations and NGO's. It's been a successful Purchaser Profile
model in Whanganui for over 20 years and is funded by agency grants and the local Passive Investor
council. Built in the 1940's for NZ Post, the former government building features
Robert Scott
unique marble carvings on the frontage and has a NBS of 71%. It has seen significant
+64 27 4288144
upgrades in recent years. This fully compliant site represents solid opportunities for
robertb.scott@bayleys.co.nz
the astute investor, a committed vendor completes the picture. BARTLEY REAL ESTATE LTD, BAYLEYS,
LICENSED UNDER THE REA ACT 2008
Property Details Russell Duggan
Land Area 2,473sqm +64 27 264 4669
Floor Area 4,560sqm russell.duggan@bayleys.co.nz
BARTLEY REAL ESTATE LTD, BAYLEYS,
LICENSED UNDER THE REA ACT 2008
Sale Summary
bayleys.co.nz/3000950
This ex-government building, with three sitting tenants and room to add value
with downstairs vacancy, sold by tender for $1,950,000. This represents a 10.7%
yeild on current rental.
Total Property Case StudyLand with consent for 35-unit lifestyle village
183-185 Queen Street West, Levin, Horowhenua
SOLD Total
Property
Case Study
Boundary lines are indicative only
• 1.1 ha of flat land Sold by
• Resource consent granted for a 35-unit titled lifestyle village Tender
• Located in a growth area alongside new residential subdivisions Level 14, The Bayleys Building,
36 Brandon Street,
• Strong local housing market
Wellington, New Zealand
The opportunity exists for builders and developers to ‘build’ on the current owners'
Sale price
hard work and create this exciting new community - all the work has been done so $805,000
now is your chance. Build and sell the units or hold for long-term revenue and tax
advantages. Stephen Lange
+64 27 276 2580
Plans are available with two different types of floor plans in three configurations stephen.lange@bayleys.co.nz
from 95sqm to 104sqm with a community hall of 147sqm, all set on over a hectare of CAPITAL COMMERCIAL (2013) LTD, BAYLEYS,
LICENSED UNDER THE REA ACT 2008
flat, cleared land.
The site itself is located at the Lake Horowhenua end of Queen Street, the main east-
bayleys.co.nz/3252617
west arterial route through Levin and is set alongside new residential properties on
one side and Kowhai Reserve, a local 17ha park, including protected woodlands on
the other.
Property Details
Land Area 11,072sqm
Zoning Residential
Sale Summary
46 enquiries with the successful tenderer being a national building company.
Total Property Case StudyImmaculate investment with options to occupy
22 Cashew Street, Grenada North, Wellington
SOLD Total
Property
Case Study
• Two industrial units being sold as one Sold by
• One leased and one vacant Auction
• NBS 90% (2014) Level 14, The Bayleys Building,
36 Brandon Street,
• Potential net rental $107,000
Wellington, New Zealand
These two adjoining clear span warehouse units on a freehold title gives you the
Sale price
best of both worlds. Occupy one and enjoy the cash flow from the other or lease $1,350,000
the vacant to give you a multi tenanted investment.
Fraser Press
Our vendor spared no expense on upgrading the property in 2015 for his own use +64 21 328 138
and it is in immaculate condition. fraser.press@bayleys.co.nz
CAPITAL COMMERCIAL (2013) LTD, BAYLEYS,
LICENSED UNDER THE REA ACT 2008
Property Details
Unit A - Leased Unit B - Vacant Bhakti Mistry
+64 27 453 0992
Warehouse 373sqm 164sqm
bhakti.mistry@bayleys.co.nz
Office 142sqm 103sqm CAPITAL COMMERCIAL (2013) LTD, BAYLEYS,
LICENSED UNDER THE REA ACT 2008
Car Parks Four (4) (2)
bayleys.co.nz/3252612
Tenancy Details
Name of Tenant B R Turfrey Ltd
Term of Lease Six (6) years
Commencement Date 1st July 2017
Rights of Renewal One (1) of six (6) years
Net Rental $66,000 + GST
Sale Summary
Sold prior to the total property campaign to the tenant who had a first right of
purchase.
Total Property Case StudyFully leased investment
9 Margaret Street, Hutt Central, Wellington
SOLD Total
Property
Case Study
• Central Lower Hutt opportunity Sold by
• Five quality tenants Auction
• Net return $130,180pa + GST Level 14, The Bayleys Building,
36 Brandon Street,
Situated on one of Lower Hutt's most prominent corners, this is an impressive Wellington, New Zealand
investment property generating income of $130,180 net pa + GST. With a strong
Sale price
leasing history and close proximity to the Queensgate Shopping Centre, this $1,780,000
property has been well managed and maintained and will continue to be in high
demand. The property is a functional two storey office building with a mix of retail Christian Taylor
tenancies on the ground and two office tenants above. This is a great opportunity +64 21 964 828
christian.taylor@bayleys.co.nz
for an investor to purchase a well maintained multi tenanted property in a great CAPITAL COMMERCIAL (2013) LTD, BAYLEYS,
location. LICENSED UNDER THE REA ACT 2008
Richard Faisandier
Property Details +64 21 430 612
Land Area 699sqm richard.faisandier@bayleys.co.nz
Floor Area 880 CAPITAL COMMERCIAL (2013) LTD, BAYLEYS,
LICENSED UNDER THE REA ACT 2008
Car Parks Five (5)
Building area 880sqm bayleys.co.nz/3252442
Tenancy Details
Returning $130,180 net pa + GST from five tenants, full tenancy details are
available on request.
Sale Summary
Multiple bidders secured through the campaign with the last bidders going head
to head to achieve the final price under the hammer which was above
expectations.
Total Property Case StudyOccupy or invest
58 Victoria Street, Alicetown, Lower Hutt
SOLD Total
Property
Case Study
• High profile, main road location Sold by
• Short term remaining on an expiring lease Auction
• Versatile warehouse with dual vehicle access Level 14, The Bayleys Building,
36 Brandon Street,
• Potential net rental $77,000pa + GST
Wellington, New Zealand
This 1970s' constructed warehouse is located on a main arterial route.
Sale price
Excellent stud height with dual frontage, with a great opportunity to own and $1,216,000
occupy or invest. This is a must-see property, construction of concrete tilt slabs and Richard Faisandier
steel portal frames, long run iron roofing interspersed with generous clear light +64 21 430 612
complete with vehicle access via front and rear electric roller doors. This vendor has richard.faisandier@bayleys.co.nz
owned since built and now it's time to move on. CAPITAL COMMERCIAL (2013) LTD, BAYLEYS,
LICENSED UNDER THE REA ACT 2008
Property Details Ethan Hourigan
+64 21 427 601
Land Area 597sqm
ethan.hourigan@bayleys.co.nz
Floor Area 525sqm CAPITAL COMMERCIAL (2013) LTD, BAYLEYS,
LICENSED UNDER THE REA ACT 2008
Car Parks Four (4)
Zoning General Business
bayleys.co.nz/3252622
Tenancy Details
The current lease expires 30th June 2020. Full tenancy details available on
request.
Sale Summary
This vendor had owned the property since it was built in the 1970s. It was
imperative for them to sell and they were committed to the auction process.
Multiple bidders on auction day, with the result above expectations and finality
for the vendor with an unconditional sale under the hammer.
Total Property Case StudyExpiring lease
16 Marine Parade, Petone, Lower Hutt
SOLD Total
Property
Case Study
• Holding income until 31st March 2020 Sold by
• Seismic rating of 75% NBS (New Building Standard) Auction
• Current net rental $57,389pa + GST Level 14, The Bayleys Building,
36 Brandon Street,
An immaculately presented industrial warehouse, with refurbished office, meeting Wellington, New Zealand
room and amenities over two floors. The building features a full width three-tonne
Sale price
gantry crane, approximately 5.5m stud height, generous off street parking and $1,130,000
virtually unlimited on street parking. With the current tenant having given notice
they are not renewing their lease, plus interest and vacancy rates are at an all time Andrew Smith
low. +64 21 421 401
andrew.smith@bayleys.co.nz
CAPITAL COMMERCIAL (2013) LTD, BAYLEYS,
Property Details LICENSED UNDER THE REA ACT 2008
Land Area 470sqm Mark Sherlock
Floor Area 451sqm +64 21 481 562
Car Parks Five (5) mark.sherlock@bayleys.co.nz
Zoning General Business
CAPITAL COMMERCIAL (2013) LTD, BAYLEYS,
LICENSED UNDER THE REA ACT 2008
Tenancy Details bayleys.co.nz/3252605
Name of Tenant Woods Glass (New Zealand) Limited
Term of Lease Expiring 31st March 2020
Commencement Date 1st April 2016
Gross Rental $71,500pa + GST
Sale Summary
Received 52 enquiries and 765 internet views which lead to the property being
sold under the hammer.
Total Property Case StudyIndustrial investment with potential
9-13 Wareham Place, Seaview, Lower Hutt
SOLD Total
Property
Case Study
• Two long-standing national tenants Sold by
• Seismic rating of 85% NBS (New Building Standard) Auction
• Total potential net rental $289,950 + GST Level 14, The Bayleys Building,
36 Brandon Street,
Currently configured as two tenancies with inbuilt services giving it the capability to Wellington, New Zealand
be four. Efficient Carrying has just exercised its last right of renewal with a rent
Sale price
review due now. Wakefield Metals has a renewal and review due in April 2020. With $4,150,000
leases which insulate you from increases in rates and insurance premiums you have
the complete package. Andrew Smith
+64 21 421 401
Property Details andrew.smith@bayleys.co.nz
CAPITAL COMMERCIAL (2013) LTD, BAYLEYS,
9 Wareham Place 11 Wareham Place LICENSED UNDER THE REA ACT 2008
Floor Area 991sqm 1,186sqm Paul Cudby
Car Aarks Nine (9) Nine (9) +64 21 421 374
Land Area 2,607sqm paul.cudby@bayleys.co.nz
CAPITAL COMMERCIAL (2013) LTD, BAYLEYS,
LICENSED UNDER THE REA ACT 2008
Tenancy Details
Name of Tenant Efficient Carrying Co. Ltd Wakefield Metals Limited bayleys.co.nz/3252591
Term of Lease Three (3) years Three (3) years
Commencement Date 1st December 2019 1st May 2017
Review Date Two (2) yearly to market On renewal
Rights of Renewal NIL Remaining One (1) of three (3) years
Gross Rental $151,627pa + GST $156,570pa + GST
Sale Summary
Received 73 enquiries and 632 internet views which lead to the property being
sold under the hammer.
Total Property Case StudyBite-sized investment
Unit 13A, 35 Johnston Street, Central, Wellington
SOLD Total
Property
Case Study
• Well-leased studio apartment Sold by
• Gross rental $16,260pa + GST Tender
• Fantastic CBD location Level 14, The Bayleys Building,
36 Brandon Street,
• Secure tenant
Wellington, New Zealand
Here is an opportunity you do not want to miss! An exciting chance to start or grow
Sale price
your investment portfolio in the heart of the CBD. An investment opportunity, $149,500
geared favourably towards the investor.
Johnny Curtis
With a gross rental of $16,260pa + GST and a fixed-term lease to Quest Hotel. This +64 21 386 285
is an ideal opportunity for the first time investor. The unit itself is located on the johnny.curtis@bayleys.co.nz
13th floor and has fantastic views out towards the harbour. Just buy and hold long CAPITAL COMMERCIAL (2013) LTD, BAYLEYS,
LICENSED UNDER THE REA ACT 2008
term and beat the bank's term deposits.
bayleys.co.nz/3252621
Property Details
Floor Area 26sqm
Tenancy Details
Name of Tenant J Street Limited
Term of Lease Four years
Commencement Date 1st October 2017
Review Date 1st October 2021
Rights of Renewal One (1) of four (4) years
Gross Rental $16,260pa + GST
Sale Summary
Tender campaign with over 50 enquiries and 604 internet hits. Three were
unconditional offers and sold on tender date.
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