42 CASE STUDIES - Bayleys

 
42 CASE STUDIES - Bayleys
CASESTUDI
        ES

             42
42 CASE STUDIES - Bayleys
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
42 CASE STUDIES - Bayleys
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
42 CASE STUDIES - Bayleys
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
42 CASE STUDIES - Bayleys
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
42 CASE STUDIES - Bayleys
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
42 CASE STUDIES - Bayleys
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
42 CASE STUDIES - Bayleys
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
42 CASE STUDIES - Bayleys
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
42 CASE STUDIES - Bayleys
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 Study
Standalone 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 Study
Fresh 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 Study
Sought-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 Study
Industrial 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 Study
Affordable 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 Study
High-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 Study
Prime 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 Study
Don’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 Study
Reel 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 Study
Invest 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 Study
Accountable 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 Study
Cash 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 Study
Generous 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 Study
Secure 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 Study
Significant 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 Study
Why 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 Study
Finally 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 Study
Solid 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 Study
Land 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 Study
Immaculate 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 Study
Fully 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 Study
Occupy 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 Study
Expiring 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 Study
Industrial 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 Study
Bite-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.

                                                                                                Total Property Case Study
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