Case Studies - LANE GAINS TROLLEY TRENDS - Bayleys
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Case Studies
LANE GAINS FEATURING
79
How New Zealand’s laneways are
being revitalised and energised.
TROLLEY TRENDS
The evolving property needs of
the supermarket sector.
COMMERCIAL PROPERTIES
AND BUSINESSES FOR SALE
ISSUE 1 – 2016
Boundary lines are indicative only
• Single-level retail arcade with 11 retail outlets
• Big cashflow: returning around $797,260pa net Sold by Tender
• 1,635m² site with substantial longer development potential 7th July 2016
• Proposed Metropolitan Centre zoning 29 Northcroft Street, Takapuna,
• High exposure to Hurstmere Road retail strip Auckland, New Zealand
A multi-tenanted retail investment property situated in the heart of Takapuna´s CBD offering Sale price
significant add-value and development potential. Confidential
This prime site in the centre of Takapuna´s business and retail precinct adjoins a large council car Source of purchaser
park and is a short walk away from one of Auckland´s best beaches. Realestate.co.nz/commercial
Purchaser profile
Tenancy Details Active add value investor
The property currently houses multiple retail and food and beverage tenants and is
producing net annual rental income of approximately $797,260.
______________________________________________________________________________________________________ Simon Aldridge
09 489 0982
simon.aldridge@bayleys.co.nz
Sale Summary Devereux Howe-Smith Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Marketed nationally in Total Property and sold by way of Tender.
______________________________________________________________________________________________________
Michael Nees
09 489 0997
michael.nees@bayleys.co.nz
Devereux Howe-Smith Realty Ltd, Bayleys,
Licensed under the REA Act 2008
TOTAL PROPERTY CASE STUDY
Approximately 31.68ha (in seven titles) of West Auckland vineyards, winery production and
distribution plant. The buildings within the winery complex include: Sold by International Tender
14th April 2016
• 1,000m² winery and bottling hall capable of storing 3.6 million litres of juice
Maritime Square, Ground Floor,
• Bottling facility equipped to produce 1.1 million cases of screw-capped wine annually
4 Viaduct Harbour Avenue,
• 900m² climate-controlled barrel hall capable of housing some 2,000 casks
Auckland, New Zealand
• 1,672m² finished goods warehouse facility and dispatch yard
• 300m² of administrative buildings Sale price
• $1.2 million waster water treatment and filtration plant $16,000,000
• Approximately 326m² of vineyard machinery and equipment storage sheds Source of purchaser
• Wine tasting venue Referral
• 5.84 hectares of planted vines of which three hectares are Sauvignon Blanc and just under a
hectare is Chardonnay Purchaser profile
Active add value investor
Property Details
Land Area 31.68 hectares
______________________________________________________________________________________________________ Paul Dixon
+64 22 091 7399
Tenancy Details paul.dixon@bayleys.co.nz
Bayleys Real Estate Ltd,
Sold with vacant possession.
______________________________________________________________________________________________________
Licensed under the REA Act 2008
Mike Peterson
+64 21 066 6091
Sale Summary
mike.peterson@bayleys.co.nz
International marketing campaign in New Zealand, China, Singapore and Australia. Sold by Bayleys Real Estate Ltd,
international tender. Licensed under the REA Act 2008
______________________________________________________________________________________________________
TOTAL PROPERTY CASE STUDY
• Strong tenant brand and lease
• High profile and potential Sold by Private Treaty
1.3718 hectare industrial site. The majority of the property is leased to International Nutritionals June 2016
Limited for the bulk storage of palm kernel (stock food). Sale price
$2,590,000
Property Details
Yield
Land Area 1.3721 hectares
______________________________________________________________________________________________________ 11%
Warehouse and office 7,557m²
______________________________________________________________________________________________________ Source of purchaser
Floor Area 8,233m² (Total NLA)
______________________________________________________________________________________________________
Bayleys.co.nz
Purchaser profile
Tenancy Details Active add value investor
Name of Tenant International Nutritionals Limited
______________________________________________________________________________________________________
Term of Lease Two (2) years renewed to 1st August 2018 Ross Blomfield
______________________________________________________________________________________________________
+64 27 437 7033
Commencement Date 1st August 2014, expiring 31st July 2020
______________________________________________________________________________________________________ ross.blomfield@bayleys.co.nz
Review Date Two (2) yearly to market
______________________________________________________________________________________________________
Mackys Real Estate Limited, Bayleys,
Licensed under the REA Act 2008
Rights of Renewal Two (2) x two (2) years each
______________________________________________________________________________________________________
Net Rental $300,160 + GST and outgoings
______________________________________________________________________________________________________
Sale Summary
Marketed nationally in Total Property, sold by Deadline Private Treaty to a South African based
family investment company.
______________________________________________________________________________________________________
TOTAL PROPERTY CASE STUDY
• Six affordable properties in prime locations
• A mix of commercial, bulk retail and industrial properties with a total combined current rent roll Sold by Tender
of $842,276pa net + GST 14th April 2016
• Various lease terms with split income risk Maritime Square, Ground Floor,
4 Viaduct Harbour Avenue,
Property Details Auckland, New Zealand
Mairangi Bay Freehold standalone industrial in high profile location
______________________________________________________________________________________________________ Sale price
Wairau Park High profile road frontage in established trade retail location
______________________________________________________________________________________________________
Confidential
Auckland Central 66m² well appointed ground floor office with two car parks
______________________________________________________________________________________________________ Source of purchaser
Mt Wellington Central posiiton in heart of the Harvey Norman Centre Established Client
______________________________________________________________________________________________________
Mt Wellington Two industrial buildings totalling 1,994m² on 4,047m² site Purchaser profile
______________________________________________________________________________________________________
Active add value investor
Onehunga 1,395m² standalone industrial on 1,975m² site
______________________________________________________________________________________________________
Sunil Bhana
Tenancy Details
+64 21 938 660
Sold with various lease terms with split income risk
______________________________________________________________________________________________________ sunil.bhana@bayleys.co.nz
Bayleys Real Estate Ltd,
Licensed under the REA Act 2008
Sale Summary James Hill
Extensive national media marketing campaign and standalone website, resulting in strong +64 21 599 529
enquiry and a large Tender response for both the individual properties and the portfolio. Sold as james.hill@bayleys.co.nz
a whole portfolio. Bayleys Real Estate Ltd,
______________________________________________________________________________________________________ Licensed under the REA Act 2008
TOTAL PROPERTY CASE STUDY
• Centrally positioned corner unit in The Foundation retail development with maximum exposure
• Returning $31,413.21pa + GST and OPEX Sold by Auction
• Annual rental increase of CPI + 1% and market review on 12th June 2019 and renewal date 11th April 2016
• Bite sized tenanted investment opportunity for all smaller investors Maritime Square, Ground Floor,
4 Viaduct Harbour Avenue,
Property Details Auckland, New Zealand
Floor Area 58m² (approximately)
______________________________________________________________________________________________________ Sale price
CV $570,000
______________________________________________________________________________________________________
$700,000
Built Circa 2014
______________________________________________________________________________________________________ Yield
4.5%
Tenancy Details Source of purchaser
Name of Tenant Bruce Lee Sushi & Roll North Shore Limited Bayleys.co.nz
______________________________________________________________________________________________________
Term of Lease Nine (9) years
______________________________________________________________________________________________________
Purchaser profile
Passive investor
Commencement Date 12th June 2014
______________________________________________________________________________________________________
Rights of Renewal One (1) of six (6) years each
______________________________________________________________________________________________________
Terry Kim
Net Rental $31,413.21pa + GST and OPEX
______________________________________________________________________________________________________ +64 274 711 446
terry.kim@bayleys.co.nz
Sale Summary Devereux Howe-Smith Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Marketed nationally in Total Property. It was sold pre-auction to an Auckland based local
investor. Michael Block
______________________________________________________________________________________________________ +64 21 888 233
michael.block@bayleys.co.nz
Devereux Howe-Smith Realty Ltd, Bayleys,
Licensed under the REA Act 2008
TOTAL PROPERTY CASE STUDY
• Modern quality development constructed in 2006
• Sought after location for both investors and tenants Sold by Auction
• Established tenant in place 20th April 2016
Maritime Square, Ground Floor,
Property Details 4 Viaduct Harbour Avenue,
Building Area 745m² (more or less) Auckland, New Zealand
______________________________________________________________________________________________________
Car Parks 14
______________________________________________________________________________________________________
Sale price
Current Zoning Business 10 $2,170,000
______________________________________________________________________________________________________
Yield
Tenancy Details 6.99%
An established tenant has occupied the premises since 2011, returning $130,000pa + Source of purchaser
GST and OPEX. Bayleys.co.nz
______________________________________________________________________________________________________
Purchaser profile
Passive investor
Sale Summary
Marketed nationally in Total Property. 33 interested parties that had enquired on the property or
were contacted through the Bayleys database. Four active bidders in the room, sold under the Laurie Burt
hammer. +64 27 413 6174
______________________________________________________________________________________________________ laurie.burt@bayleys.co.nz
Devereux Howe-Smith Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Matt Mimmack
+64 21 229 5878
matt.mimmack@bayleys.co.nz
Devereux Howe-Smith Realty Ltd, Bayleys,
Licensed under the REA Act 2008
TOTAL PROPERTY CASE STUDY
Boundary lines are indicative only
• Single-level retail arcade with 11 retail outlets
• Big cashflow: returning around $797,260pa net Sold by Tender
• 1,635m² site with substantial longer development potential 7th July 2016
• Proposed Metropolitan Centre zoning 29 Northcroft Street, Takapuna,
• High exposure to Hurstmere Road retail strip Auckland, New Zealand
A multi-tenanted retail investment property situated in the heart of Takapuna´s CBD offering Sale price
significant add-value and development potential. Confidential
This prime site in the centre of Takapuna´s business and retail precinct adjoins a large council car Source of purchaser
park and is a short walk away from one of Auckland´s best beaches. Realestate.co.nz/commercial
Purchaser profile
Tenancy Details Active add value investor
The property currently houses multiple retail and food and beverage tenants and is
producing net annual rental income of approximately $797,260.
______________________________________________________________________________________________________ Simon Aldridge
09 489 0982
simon.aldridge@bayleys.co.nz
Sale Summary Devereux Howe-Smith Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Marketed nationally in Total Property and sold by way of Tender.
______________________________________________________________________________________________________
Michael Nees
09 489 0997
michael.nees@bayleys.co.nz
Devereux Howe-Smith Realty Ltd, Bayleys,
Licensed under the REA Act 2008
TOTAL PROPERTY CASE STUDY
• PAUP terrace housing and apartment buildings
• Holding income with flexible lease terms Sold by Auction
• Corner site consisting of 514m² 13th April 2016
• Potential medical use Maritime Square, Ground Floor,
4 Viaduct Harbour Avenue,
Property Details Auckland, New Zealand
Land 514m² approximately
______________________________________________________________________________________________________ Sale price
PAUP Terraced housing and apartment buildings
______________________________________________________________________________________________________
$1,590,000
Road Frontage 42.5m² (approximately)
______________________________________________________________________________________________________ Source of purchaser
Sign
Tenancy Details Purchaser profile
For sale with vacant possession. Owner occupier SME
______________________________________________________________________________________________________
Ashton Geissler
Sale Summary
+64 21 252 9277
Marketed nationally in Total Property. Unique property drawing enquiry from residential owner ashton.geissler@bayleys.co.nz
occupiers, residential investors, commercial owner occupiers and developers. This diverse Devereux Howe-Smith Realty Ltd, Bayleys,
Licensed under the REA Act 2008
range of interest created a wide spread in perceived value. We were able to achieve several
hundred thousand dollars above reserve. Simon Aldridge
______________________________________________________________________________________________________
+64 21 774 951
simon.aldridge@bayleys.co.nz
Devereux Howe-Smith Realty Ltd, Bayleys,
Licensed under the REA Act 2008
TOTAL PROPERTY CASE STUDY
Boundary lines are indicative only
• Freehold commercial sites available from 2,482m² to 4,560m²
• Close proximity to Westgate and Hobsonville Point developments Sold by Private Treaty
• Ease of access to main transport systems and multiple amenities
• A must for all owner occupiers and developers to enquire in this location Sale price
• New subdivision - 50% already sold or under contract $1,875,000
Commercial land in a growing and highly aspirational precinct located approximately three
Source of purchaser
kilometres from both Westgate retail and commercial precinct and the Hobsonville Point
Total Property Magazine
residential development. This is a high growth central location which provides ease of access to
the North Shore, Auckland CBD and is surrounded by a number of high profile new retail and Purchaser profile
commercial developments. Developer
Property Details Grant Miller
Lot Number Lot 21
______________________________________________________________________________________________________ +64 27 573 7618
Area 4,194m² grant.miller@bayleys.co.nz
______________________________________________________________________________________________________ Bayleys Real Estate Ltd
Licensed under the REA Act 2008
Tenancy Details Phil Haydock
Sold with vacant possession. +64 21 192 2233
______________________________________________________________________________________________________
phil.haydock@bayleys.co.nz
Bayleys Real Estate Ltd
Licensed under the REA Act 2008
Sale Summary
We were able to leverage the wider Bayleys group with the eventual buyer coming from the
Auckland City & Fringe team client database. The property being marketed in Total Property
with an asking price ensured the buyer acted promptly.
______________________________________________________________________________________________________
TOTAL PROPERTY CASE STUDY• Fantastic retail investment in a well-established shopping centre
• BNZ as tenant returning $132,023.19 + GST pa. Sold by Auction
• Generous onsite customer car parks 13th April 2016
• Located at the high profile Lincoln Road and Universal Drive corner Maritime Square, Ground Floor,
• Henderson is one of the fastest growing areas in Auckland 4 Viaduct Harbour Avenue,
Lincoln North Shopping Centre is strategically positioned on Lincoln Road next to the large Auckland, New Zealand
Pakn’Save and Mitre10 Mega stores. Top quality tenants in the centre including KFC, Columbus Sale price
Coffee, Subway, ANZ Bank and Westpac Bank etc. $3,020,000
Yield
Property Details
4.37 %
Floor Area 341sqm
______________________________________________________________________________________________________ Source of purchaser
Total Property Magazine
Tenancy Details
Purchaser profile
Name of Tenant BNZ Bank
______________________________________________________________________________________________________ Active add value investor
Term of Lease Three(3) years
______________________________________________________________________________________________________
Commencement Date 15th January 2016
______________________________________________________________________________________________________ Oscar Kuang
Review Date One(1) x three (3) years +64 21 609 429
______________________________________________________________________________________________________
oscar.kuang@bayleys.co.nz
Bayleys Real Estate Ltd,
Sale Summary Licensed under the REA Act 2008
Sold under the hammer receiving more than 19 bids from eight serious parties including one James Chan
overseas telephone bidder; the property has sold with a record yield across the shopping +64 21 934 054
centre with a 4.2% return. james.chan@bayleys.co.nz
______________________________________________________________________________________________________
Bayleys Real Estate Ltd,
Licensed under the REA Act 2008
TOTAL PROPERTY CASE STUDYBoundary lines are indicative only
• High profile corner site with huge exposure on main arterial road to city
• Investment property with scope to add value or re-develop in future Sold by Auction
• Yielding $119,350 from five tenancies of various tenures to suit purpose April 2016
• Upside with one vacancy to be leased adding more to the current income Maritime Square, Ground Floor,
• Close to major shopping malls, public transport including railway station 4 Viaduct Harbour Avenue,
Auckland, New Zealand
Property Details
Sale price
Land Area 1,490m² (more or less) on two titles
______________________________________________________________________________________________________ $2,335,000
Building 800m² (more or less)
______________________________________________________________________________________________________ Yield
Carparks 21
______________________________________________________________________________________________________ 5.05%
Zoning Industrial
______________________________________________________________________________________________________ Source of purchaser
Land Use Multi Use within Commercial Referral
______________________________________________________________________________________________________
Purchaser profile
Tenancy Details Passive investor
The property has five leased tenancies with one more vacancy available. Currently
returning $119,000pa + GST and outgoings. Mustan Bagasra
______________________________________________________________________________________________________
+64 21 470 315
mustan.bagasra@bayleys.co.nz
Sale Summary Mackys Real Estate Ltd, Bayleys,
Licensed under the REA Act 2008
Marketed nationally in Total Property, NZ Herald and four websites. Over 30 enquiries, five
bidders in the auction room, two bidders engaged in bidding until the hammer came down.
______________________________________________________________________________________________________
TOTAL PROPERTY CASE STUDYBoundary lines are indicative only
• Affordable freehold standalone city fringe investment
• Attractive long term lease to very experienced tenant Sold by Auction
• Currently returning $63,654 + GST p.a. (net) 13th April 2016
• Built in rental growth of 3% each year Maritime Square, Ground Floor,
Straight forward, high profile city fringe investment with attractive lease to an established tenant 4 Viaduct Harbour Avenue,
which features personal guarantees and built in rental growth. Situated in a premier city fringe Auckland, New Zealand
position close to Ponsonby Road, the CBD and all motorway interchanges. Both the current Sale price
zoning and the Proposed Auckland Unitary Plan provides future add value opportunities. $1,420,000 + GST (if any)
Yield
Property Details
4.48%
Floor Area 344.40m² (approximately)
______________________________________________________________________________________________________ Source of purchaser
Land Area 304m² (more or less)
______________________________________________________________________________________________________ Database
Zoning Mixed Use
______________________________________________________________________________________________________ Purchaser profile
Passive investor
Tenancy Details
Name of Tenant A Automotive Limited Cameron Melhuish
______________________________________________________________________________________________________ +64 21 479 882
Net rental $63,654 + GST p.a. Rent reviews annually with a 3% rent increase. cameron.melhuish@bayleys.co.nz
______________________________________________________________________________________________________
Bayleys Real Estate Ltd,
Licensed under the REA Act 2008
Sale Summary Andrew Wallace
A competitive auction with circa five bidders resulted in the property being sold to an Auckland +64 21 148 7679
based investor. andrew.wallace@bayleys.co.nz
______________________________________________________________________________________________________ Bayleys Real Estate Ltd,
Licensed under the REA Act 2008
TOTAL PROPERTY CASE STUDYArtist’s impression
• Located in the heart of Auckland’s thriving student zone
• Fully consented apartment development Sold by Private Treaty
• 17 levels with 93 apartments and 44 car parks June 2016
• 1,092m² freehold land Sale price
Brand new resource consent dated October 2015 approved to develop a 17-level apartment $7,600,000
building. Located in the thriving ’student zone’ close to Auckland University, AUT and other local
Yield
and international college campuses. The 93 apartment scheme has been designed with the
2.89%
student occupier as the target market with a combination of studio and one and two bedroom
apartments. The building design maximises the light and view with all of the apartments having Source of purchaser
exterior deck spaces. A fantastic development opportunity with no consent risk. Bayleys.co.nz
Purchaser profile
Property Details Active add value investor
Land Area 1,092m²
______________________________________________________________________________________________________
Tenure Freehold
______________________________________________________________________________________________________ Robert Platt
Zoning SMA5 +64 9 309 6020
______________________________________________________________________________________________________
robert.platt@bayleys.co.nz
Bayleys Real Estate Ltd,
Tenancy Details Licensed under the REA Act 2008
Sold with lease to Tournament Parking which can be terminated on three months’ notice, James Chan
providing holding income of $220,000pa + GST.
______________________________________________________________________________________________________
+64 9 375 8458
james.chan@bayleys.co.nz
Bayleys Real Estate Ltd,
Sale Summary Licensed under the REA Act 2008
Marketed nationally in Total Property, sold by negotiation to a developer.
______________________________________________________________________________________________________
TOTAL PROPERTY CASE STUDYBoundary lines are indicative only
• Two modern and versatile freehold Parnell commercial units with
• First time on the market in over 20 years Sold by Pre Tender
• Two dedicated car parks for each property immediately in front 2nd March 2016
• Strategic Parnell position close to motorways Maritime Square, Ground Floor,
• Suitable for office, retail or showroom use 4 Viaduct Harbour Avenue,
Unit 4A, located on the ground floor, is a superbly presented and versatile unit suitable for wide Auckland, New Zealand
range of users. The large stud height, polished concrete floors and sliding ranch doors make 4A Sale price
perfectly suited to retail, showroom, distribution and/or character office. $825,000
Unit 4B lends itself to an attractive office space with polished concrete floors, a balcony and a Source of purchaser
generous stud height to the front of the property. The unit comes complete with a mezzanine Database
level with showering facilities.
Purchaser profile
Owner occupier SME
Property Details
Unit 4A Unit 4B
______________________________________________________________________________________________________
Andrew Wallace
Zoning Business 5 Business 5
______________________________________________________________________________________________________ +64 21 148 7679
Floor Area 75m² (approximately) 109.5m² (approximately)
______________________________________________________________________________________________________
andrew.wallace@bayleys.co.nz
Bayleys Real Estate Ltd, Licensed under the REA Act
Car Parks Two (2) Two (2)
______________________________________________________________________________________________________ 2008
Sale Summary
Both units sold with vacant possession prior to the tender date to an Auckland based owner
occupier.
______________________________________________________________________________________________________
TOTAL PROPERTY CASE STUDYBoundary lines are indicative only
• Large freehold site 1,846m²
• Resource consent for four residential sites Sold by Negotiation
• Superb location close to Auckland CBD
• Boarding house currently generates approximately $230,000pa net Sale price
The property comprises a long-established boarding house sitting on a prime Mt Eden 4,400,000
residential site of 1,846m². The property is on the northern fringe of Mt Eden and in close
Yield
proximity to the Auckland CBD. This address is within the zone of Auckland Grammar School.
5.23%
The property now has a resource consent in place enabling demolition of the existing buildings
Source of purchaser
and subdivision into four residential sites for development. Collect the boarding house income
Established Client
whilst planning your redevelopment of this outstanding Mt Eden site.
A rare opportunity in this prime location. Purchaser profile
Active add value investor
Property Details
Land Area 1,846m² Stuart Bode
______________________________________________________________________________________________________
+64 27 4936 223
Accommodation 23 rooms
______________________________________________________________________________________________________ stuart.bode@bayleys.co.nz
Bayleys Real Estate Ltd,
Licensed under the REA Act 2008
Tenancy Details
Currently operating as a boarding house and returning approximately $230,000pa net.
______________________________________________________________________________________________________
Sale Summary
Marketing through Total Property and sold by negotiation to an add value investor.
______________________________________________________________________________________________________
TOTAL PROPERTY CASE STUDYBoundary lines are indicative only
• Occupy, renovate or redevelop
• Two separate titles totalling approximately 1,817m² Sold by Tender
• Land bank, develop or hold 11th March 2016
• Excellent neighbourhood and school zoning 29 Northcroft Street, Takapuna,
Auckland, New Zealand
Property Details
Sale price
13 Lilllington Road 15 Lillington Road
______________________________________________________________________________________________________ $2,700,000
Site Area 1,162m² (more or less) 655m² (more or less)
______________________________________________________________________________________________________ Source of purchaser
Tenure Freehold
______________________________________________________________________________________________________ Established Client
Zoning 6A
______________________________________________________________________________________________________ Purchaser profile
Holder / land banker
Tenancy Details
Sold with vacant possession. Michael Block
______________________________________________________________________________________________________
+64 21 888 233
block@bayleys.co.nz
Sale Summary Devereux Howe-Smith Realty Ltd, Bayleys,
Licensed under the REA Act 2008
The property has secured for sale following a competitive pitch with several agencies. We won
the pitch due to our company profile. A week after commencement of advertising we received Damian Stephen
an approach through another agency and a subsequent offer was made which the Vendor +64 21 80 80 92
decided to accept in absence of a higher offer. Accordingly tender was brought forward and all damian.stephen@bayleys.co.nz
Devereux Howe-Smith Realty Ltd, Bayleys,
interested parties invited to also submit an unconditional offer for consideration. Licensed under the REA Act 2008
Paul Sissons
______________________________________________________________________________________________________
+64 274 325 220
Bayleys Real Estate Ltd, Remuera
Licensed under the REA Act 2008
TOTAL PROPERTY CASE STUDY• Property currently divided into three separate buildings
• Two freehold titles Sold by Private Treaty
• Centrally located in Auckland’s industrial heartland 4th July 2016
• Overseas vendor instructs "present all offers" Sale price
Property Details $1,875,000
Building A 430.33m² (approximately) Source of purchaser
______________________________________________________________________________________________________
Database
Building B 402.04m² (approximately)
______________________________________________________________________________________________________
Purchaser profile
Building C 373m² (approximately)
______________________________________________________________________________________________________ Owner occupier SME
Total Floor Area 1,203m² (approximately)
______________________________________________________________________________________________________
Land Area Two lots of land being a combined area of 1,619m²
______________________________________________________________________________________________________ Trevor Duffin
+64 21 245 9731
Tenancy Details trevor.duffin@bayleys.co.nz
Devereux Howe-Smith Realty Ltd, Bayleys,
Sold with vacant possession.
______________________________________________________________________________________________________
Licensed under the REA Act 2008
James Hill
Sale Summary +64 21 599 529
james.hill@bayleys.co.nz
28 enquiries from local owner occupiers, ten enquiries from add value investors. Building was in Bayleys Real Estate Ltd,
poor condition with an IEP of 17% and needed new roofs and demolition of extensive fit out Licensed under the REA Act 2008
and modernisation. Sold to a local owner occupier. James Valintine
______________________________________________________________________________________________________
+64 21 023 71868
Bayleys Real Estate Ltd,
Licensed under the REA Act 2008
TOTAL PROPERTY CASE STUDY• Vacant 22 unit Motel plus managers accommodation and conference centre
• Substantial freehold site of 3,132m² Sold by Tender
• Res 6A/Mixed Housing Urban under PAUP 7th April 2016
• Superb opportunity to generate cash flow before redevelopment Maritime Square, Ground Floor,
This vacant motel property is a purpose built motel complex comprising a two level "L" shaped 4 Viaduct Harbour Avenue,
structure with attached single level reception and managers accommodation. The former motel Auckland, New Zealand
also offers a conference room, sauna and laundry. The property sits on a large freehold site on Source of purchaser
the Ellerslie Panmure Highway a short distance from the Southern Motorway and in close Established Client
proximity to the bustling Ellerslie Shopping Centre, Panmure Shopping Centre and the new Purchaser profile
Panmure Railway Station. Owner occupier SME
The motel premises includes 14 x one-bedroom units, two x two-bedroom units, and six x
studio units. There is also a three-bedroom managers accommodation, conference centre, Stuart Bode
kitchen, laundry and sauna. +64 27 493 6223
stuart.bode@bayleys.co.nz
Property Details Bayleys Real Estate Ltd,
Licensed under the REA Act 2008
Site Freehold 3,132m²
______________________________________________________________________________________________________
Legal Description Lot 1 DP 71933
______________________________________________________________________________________________________
Identifier NA54D/1335
______________________________________________________________________________________________________
Car Parks 30 on-site
______________________________________________________________________________________________________
Sale Summary
The national marketing campaign led to strong enquiry and good Tender response.
______________________________________________________________________________________________________
TOTAL PROPERTY CASE STUDYBoundary lines are indicative only
• Strategic location with excellent exposure
• Newly renewed six year lease Sold by Auction
• Well established international tenant 13th April 2016
• Returning $72,000pa + GST and outgoings 4 Viaduct Harbour Avenue,
• Ease of access to State Highway 1 Auckland, New Zealand
The property is in prime position on the main arterial route Carbine Road in the heart of Mt Sale price
Wellington industrial precinct, with road frontage to South-Eastern Highway, the property $1,505,000
benefits from excellent exposure.
Yield
The tenant has been in occupation for over 18 years. Serious rental growth potential. 4.78%
With Sylvia Park and other amenities in the immediate proximity, the property presents a rare Source of purchaser
opportunity for investors. Established Client
Purchaser profile
Property Details
Passive investor
Floor Area 551m² (approximately)
______________________________________________________________________________________________________
Zoning Business 5
______________________________________________________________________________________________________ Tony Chaudhary
+64 21 995 121
Sale Summary tony.chaudhary@bayleys.co.nz
Bayleys Real Estate Ltd, Manukau,
Marketed nationally in Total Property, NZ Herald and four websites. Over 40 enquiries with four Licensed under the REA Act 2008
strong bidders. Amy Weng
______________________________________________________________________________________________________
+64 21 177 3422
amy.weng@bayleys.co.nz
Bayleys Real Estate Ltd, Manukau,
Licensed under the REA Act 2008
TOTAL PROPERTY CASE STUDY• Specialised food grade unit
• Dual access - inwards and outwards goods Sold by Deadline Private Treaty
• Located in the commercial precinct of East Tamaki 15th April 2016
• Returning $82,000pa + GST and outgoings Maritime Square, Ground Floor,
This property is well situated in between rapidly developing Ormiston Town Centre and State 4 Viaduct Harbour Avenue,
Highway 1. Auckland, New Zealand
The property features inwards and outwards goods, dual roller doors, mezzanine and a fully Sale price
fitted kitchen with freezers. Currently occupied by a food company that manufactures and $1,180,000
distributes paleo products New Zealand wide. Yield
6.9%
Property Details
Source of purchaser
Car Parks Nine (9)
______________________________________________________________________________________________________ Database
Roller Doors Two (2)
______________________________________________________________________________________________________ Purchaser profile
Zoning Business 5
______________________________________________________________________________________________________
Passive investor
Floor Area 572m² (approximately)
______________________________________________________________________________________________________
Tony Chaudhary
+64 21 995 121
Sale Summary
tony.chaudhary@bayleys.co.nz
Strong marketing campaign resulted in over 20 enquiries and a sale price above expected. Bayleys Real Estate Ltd, Manukau,
______________________________________________________________________________________________________ Licensed under the REA Act 2008
Janak Darji
+64 21 047 1290
janak.darji@bayleys.co.nz
Bayleys Real Estate Ltd, Manukau,
Licensed under the REA Act 2008
TOTAL PROPERTY CASE STUDYBoundary lines are indicative only
• 540.31m² office/showroom/warehouse
• Versatile configuration with front roller door and rear door access Sold by Prior to Auction
• Six car parks 2nd March 2016
• Located in East Tamaki’s industrial hub Sale price
• Zoned Business 5 $1,000,000
Office/showroom/warehouse suitable for various business uses and offered with vacant
Yield
possession. There is a kitchen and toilet on the ground floor and a shower and toilet on the first
6.5%
floor. Offices are air-conditioned.
Source of purchaser
Located on the busy East Tamaki Road, the property provides excellent access to public
Established Client
transport and motorway networks.
Purchaser profile
Property Details Passive investor
Ground Floor Showroom/Amenities 95.65m²
______________________________________________________________________________________________________
First Floor Office/Amenities 94m² Katie Wu
______________________________________________________________________________________________________
+64 27 230 7895
Warehouse 350.66m²
______________________________________________________________________________________________________ katie.wu@bayleys.co.nz
Total 540.31m²
______________________________________________________________________________________________________
Bayleys Real Estate Ltd, Manukau,
Licensed under the REA Act 2008
John Bolton
Sale Summary +64 21 925 016
Sold off market two weeks before release of the Total Property campaign due to an early offer john.bolton@bayleys.co.nz
being accepted. Bayleys Real Estate Ltd, Manukau,
______________________________________________________________________________________________________ Licensed under the REA Act 2008
TOTAL PROPERTY CASE STUDY• 2,000m² freehold corner site
• 718m² office/workshop/warehouse (A+ seismic grade) Sold by Auction
• 25 car parks (expansion potential) 13th April 2016
• Easy and efficient site access Maritime Square, Ground Floor,
• Fabulous location, handy to shopping centres and motorways 4 Viaduct Harbour Avenue,
The property comprises mezzanine office space plus clear span, high stud workshop/ Auckland, New Zealand
warehouse which has good natural light and two container height roller doors. Sale price
Surrounded by quality buildings and occupiers, this nicely landscaped premises provides a rare $1,850,000
opportunity to purchase. Source of purchaser
Database
Property Details
Purchaser profile
Office Floor Area 170m² (mezzanine)
______________________________________________________________________________________________________ Passive investor
Warehouse Floor Area 548m² (including amenities)
______________________________________________________________________________________________________
Land Area 2,000m² (more or less)
______________________________________________________________________________________________________
Marty Roestenburg
+64 21 943 517
Zoning Business 5 (medium industrial)
______________________________________________________________________________________________________ marty.roestenburg@bayleys.co.nz
Car Parks 25
______________________________________________________________________________________________________ Bayleys Real Estate Ltd, Manukau,
Licensed under the REA Act 2008
Sale Summary
Sold with vacant possession upon settlement to a passive investor. Strong bidding at Auction
led to a premium sale price.
______________________________________________________________________________________________________
TOTAL PROPERTY CASE STUDY• Fee Simple corner industrial
• Dual access with multiple roller doors Sold by Auction
• Seismic (earthquake) rating 90% of NBS 13th April 2016
• Renewed lease to an established tenant 4 Viaduct Harbour Avenue,
• Returning $80,000pa net, increasing to $84,000pa net in 2017 Auckland, New Zealand
A well presented industrial investment located in the heart of the airport area. Sale price
Properties in this precinct are becoming more in demand due to its desirable proximity to State $1,442,500
Highway 1, State Highway 20 and the Auckland Airport. Yield
5.54%
Property Details
Source of purchaser
Floor Area 780m²
______________________________________________________________________________________________________ Trademe.co.nz
Land Area 1,593m² (more or less)
______________________________________________________________________________________________________ Purchaser profile
Zoning Business 5
______________________________________________________________________________________________________
Passive investor
Roller Doors Four (4)
______________________________________________________________________________________________________
Tony Chaudhary
+64 21 995 121
Sale Summary
tony.chaudhary@bayleys.co.nz
Marketed nationally in Total Property, NZ Herald and four websites. Over 20 enquiries with five Bayleys Real Estate Ltd, Manukau,
Licensed under the REA Act 2008
bidders in the auction room.
______________________________________________________________________________________________________
Janak Darji
+64 21 047 1290
janak.darji@bayleys.co.nz
Bayleys Real Estate Ltd, Manukau,
Licensed under the REA Act 2008
TOTAL PROPERTY CASE STUDYBoundary lines are indicative only
• High profile redevelopment and add-value opportunity
• Kmart is anchor tenant and they want to stay Sold by Tender
• 1.3 hectares of central city land adjacent to Hamilton Transport Hub, Wintec and Centre Place 17th March 2016
shopping mall 247 Cameron Road,
This centre is in need of change. Kmart, the anchor tenant for the last 22 years, has provided a Tauranga, New Zealand
brief of the changes they would like to see in order to extend their tenure. Sale price
$13,425,000
Property Details
Yield
Land Area 1.3 hectares
______________________________________________________________________________________________________ 7.9%
Floor Area 9,600m²
______________________________________________________________________________________________________ Source of purchaser
Car Parks 430 on-site
______________________________________________________________________________________________________
Bayleys.co.nz
Purchaser profile
Tenancy Details Active add value investor
Name of Tenant Kmart (Anchor Tenant)
______________________________________________________________________________________________________
Term of Lease 24 years Jim McKinlay
______________________________________________________________________________________________________
+64 21 417 426
Commencement Date 16th July 1994
______________________________________________________________________________________________________ jim.mckinlay@bayleys.co.nz
Rights of Renewal Two (2) of six (6) years
______________________________________________________________________________________________________
Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Net Rental $1,057,791 + GST
______________________________________________________________________________________________________
Sale Summary
Marketed in Total Property nationwide and sold by tender at a 7.9% yield.
______________________________________________________________________________________________________
TOTAL PROPERTY CASE STUDYBoundary lines are indicative only
• Large 1,436m² residentially zoned lot
• Consented for childcare centre Sold by Auction
• Two large converted residential buildings, garage and storage shed 13th April 2016
Situated on top of the Waihi Road ridge and on one of Tauranga’s main arterial routes, this 247 Cameron Road,
property offers a great investment income with future development potential. Tauranga, New Zealand
The tenant, Best Start Educare Limited (formerly Kidicorp), has been on this site since 1997, a Sale price
total of nearly 20 years. Developed as a child day care centre, the premises are also used for the $960,000
administration hub for Kids at Home; a subsidiary company wholly owned by Best Start. Yield
6%
Property Details
Source of purchaser
Building Area 302.2m²
______________________________________________________________________________________________________ Bayleys.co.nz
Land Area 1,436m²
______________________________________________________________________________________________________ Purchaser profile
Passive investor
Tenancy Details
Name of Tenant Best Start Educare Limited
______________________________________________________________________________________________________
Graeme Coleman
Term of Lease Five (5) years +64 27 274 1610
______________________________________________________________________________________________________
graeme.coleman@bayleys.co.nz
Commencement Date 1st February 2009
______________________________________________________________________________________________________ Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Net Rental $58,500 + GST net per annum
______________________________________________________________________________________________________
Sale Summary
Marketed in Total Property and four websites. Over 35 enquiries with three active bidders at
Auction.
______________________________________________________________________________________________________
TOTAL PROPERTY CASE STUDYArtist’s impression
• Fully consented project with Agreement to Lease signed
• Long trading history for rural supplies from the site Sold by Auction
• Competitively tendered construction with contractor ready to start 6th May 2016
The hard work has already been done, so simply oversee the construction and reap the rewards Sale price
of a high quality purpose built rural supplies store on freehold land in seven titles with dual street $2,550,000
frontage.
Yield
8.6%
Property Details
Source of purchaser
Land Area 4,321m² (approximately)
______________________________________________________________________________________________________ Database
Floor Area 1,168m² (approximately) excluding canopy
______________________________________________________________________________________________________
Purchaser profile
Passive investor
Tenancy Details
Name of Tenant Farm Source
______________________________________________________________________________________________________ Alan Johnston
Term of Lease 10 years
______________________________________________________________________________________________________ +64 27 293 0762
Commencement Date 2 yearly CPI and market on renewal aj@bayleys.co.nz
______________________________________________________________________________________________________ Success Realty Ltd, Bayleys,
Review Date Four (4) of three (3) years
______________________________________________________________________________________________________
Licensed under the REA Act 2008
Net Rental $219,500pa + GST
______________________________________________________________________________________________________
Iain Taylor
+64 21 473 253
Sale Summary iain.taylor@bayleys.co.nz
Success Realty Ltd, Bayleys,
Four week Tender campaign. High enquiry levels due to the Farm Source Fonterra brand. Sold Licensed under the REA Act 2008
at Tender to a Hamilton based investor/developer.
______________________________________________________________________________________________________
TOTAL PROPERTY CASE STUDY• A package of properties consisting of the 4-star plus Qualmark rated Quality Emerald Hotel
and Conference Centre, offices and retail units Sold by Tender
• Favourable IEP (earthquake strength) ratings for all properties 26th May 2016
• Premium position at the heart of Gisborne surrounded by the Gisborne city’s shops, cafés, 4 Viaduct Harbour Avenue,
theatres, museum and inner harbour marina Auckland, New Zealand
Property Details Sale price
$5,500,000
Hotel 49 rooms, manager’s unit and conference facilities
______________________________________________________________________________________________________
Yield
Offices 1,968m² (approximately)
______________________________________________________________________________________________________ 9.09%
Retail 488.40m² (approximately)
______________________________________________________________________________________________________ Source of purchaser
Character Building 324m² (approximately)
______________________________________________________________________________________________________ Database
Purchaser profile
Tenancy Details Owner occupier corporate
The property was sold part tenanted with a total current income of circa $500,000 + GST
p.a.
______________________________________________________________________________________________________ Alan Haydock
+64 21 532 121
Sale Summary alan.haydock@bayleys.co.nz
Bayleys Real Estate Ltd,
Following a successful marketing campaign the property sold at Tender to an owner occupier. Licensed under the REA Act 2008
______________________________________________________________________________________________________
Cameron Melhuish
+64 21 479 882
cameron.melhuish@bayleys.co.nz
Bayleys Real Estate Ltd,
Licensed REAA 2008
TOTAL PROPERTY CASE STUDY• Fully tenanted investment
• Net income $147,000pa Sold by Negotiation
• Split risk with five tenancies
This standalone building on one freehold title features five tenancies and is superbly positioned Sale price
for high visibility on the corner of Heretaunga Street West and King Street, Hastings. This $1,600,000
property is well-maintained and has a beautiful blend of Spanish Mission and Art Deco style
Yield
about it. With the net rental income of $147,000pa from five tenants, this represents a fantastic
9.18%
opportunity as a split risk investment.
Source of purchaser
Property Details Bayleys.co.nz
Ground Floor First Floor
______________________________________________________________________________________________________ Purchaser profile
Floor Area 836.20m² 227.75m² Active add value investor
______________________________________________________________________________________________________
Land Area 1,011m²
______________________________________________________________________________________________________
Bill Brown
+64 27 430 2271
Tenancy Details bill.brown@bayleys.co.nz
The property is leased to five tenants with a weighted average lease terms of 4.2 years and Coast to Coast Ltd, Bayleys,
Licensed under the REA Act 2008
returns a net income of $147,000pa + GST.
______________________________________________________________________________________________________
Paul Garland
+64 27 329 5777
Sale Summary paul.garland@bayleys.co.nz
Marketed nationally in Total Property, sold by negotiation to a private investor. Coast to Coast Ltd, Bayleys,
______________________________________________________________________________________________________ Licensed under the REA Act 2008
TOTAL PROPERTY CASE STUDY• Strong Australasian tenant covenant - RCR Energy Limited
• Strategic location - strong local workforce, central North Island location Sold by Tender
• Purpose built and designed facilities 31st March 2016
• Separate staff training facility 17 Napier Road,
Havelock North, New Zealand
Property Details
Sale price
Floor Area 4,416m²
______________________________________________________________________________________________________ $1,676,470
Land Area 11,632m²
______________________________________________________________________________________________________ Yield
Shedding High Stud Industrial Shedding
______________________________________________________________________________________________________ 8.6%
Source of purchaser
Tenancy Details Established Client
Name of Tenant RCR Energy Limited
______________________________________________________________________________________________________ Purchaser profile
Term of Lease 10 years
______________________________________________________________________________________________________
Passive investor
Net Rental $142,000pa
______________________________________________________________________________________________________
Daniel Moffitt
Sale Summary +64 21 423 580
Sold to an Auckland Investor, with the lease renegotiated to a 13 year term. daniel.moffitt@bayleys.co.nz
______________________________________________________________________________________________________ Coast to Coast Ltd, Bayleys,
Licensed under the REA Act 2008
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