YOUR GUIDE TO PROPERTY IN NEW ZEALAND FOR SALE - INDEPTH LOOK INTO AUCKLAND, WELLINGTON AND CHRISTCHURCH PROPERTIES FOR SALE THROUGHOUT NEW ...
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YOUR GUIDE TO PROPERTY IN NEW ZEALAND FOR SALE PROPERTIES INDEPTH LOOK FOR SALE INTO AUCKLAND, THROUGHOUT WELLINGTON AND NEW ZEALAND CHRISTCHURCH Q1 2015
INVESTMENT NEW ZEALAND
WHAT’S HAPPENING IN
NZ
A
s we head into 2015 we are seeing a continuation Never has we seen the level of local and offshore
of the strong level of transactional activity engagement in the commercial property sector that we
witnessed through 2014. 2014 was a New Zealand are enjoying right now and for that reason we are pleased
record year for institutional investment in commercial to bring our local and international clients the breadth
real estate driven both by the transaction of individual of quality assets from New Zealand as detailed in this
properties as well as several large scale portfolio publication.
transactions which happened throughout the year.
I encourage you to talk to our experts in the different
This high level of interest in New Zealand property is being regions who are ready to assist with any queries you may
driven by a robust set of economic conditions, recognition have.
that New Zealand is now a core market of choice for
international investors and a refocussing of capital into
property as an asset class.
The global search for yield is in full swing and as such
we are receiving enquiries from our international team of
brokers, operating throughout 230 corporate offices and
across 80 countries worldwide. As the world experiences Nick Hargreaves
extremely low yields and strong capital demand, we Managing Director
anticipate that capital will continue to flow into property New Zealand
assets. This demand for stock is evident across the quality
spectrum meaning there are opportunities not only in core
assets as has been the case in the past but in secondary
assets as well as non-traditional investment locations.
Auckland
EMPLOYEE GROWTH POPULATION
DRIVING DEMAND
18.4% forecast growth
Net migration
more people
+=ve Rental growth
gathering pace
between 2013 & 2023
need for more space Demand for commercial and
as vacancy residential accommodation
falls
ALL VACANCY YIELDS
2013 2014
10.4% 7.4%
9.50%
Office 9.00%
8.50%
Industrial 4.2% 3.9% 8.00%
7.50%
CBD Retail 5.1% 3.3% 7.00%
6.50%
6.00%
Auckland CBD Office Prime Auckland Industrial Prime Auckland Retail Prime
TRANSACTION
VOLUMES: ON &
LOCATION
OFF-SHORE CAPITAL
ORIGIN
Largest Auckland
2014 total
offshore
55% AUCKLAND
transaction 2014 Lumley
Centre $146m by JLL
*Includes large portfolio transactions (GIC & PSP)
45% 2014 total
onshore
AUCKLAND OFFICE
SUPPLY PIPELINE Office supply
pipeline
60000
50000
40000
Majority of new office space to be delivered into the
30000 Auckland market over the coming 5 years is earmarked
20000 for the city fringe and Viaduct precinct; providing circa
10000
45,000sqm of A-grade office space. The next new
0
additions in the CBD will not appear until mid 2019 when
1H 2008
2H 2008
1H 2009
2H 2009
1H 2010
2H 2010
1H 2011
2H 2011
1H 2012
2H 2012
1H 2013
2H 2013
1H 2014
2H 2014
1H 2015
2H 2015
1H 2016
2H 2016
1H 2017
2H 2017
1H 2018
2H 2018
1H 2019
2H 2019
1H 2020
2H 2020
-10000
-20000 Precinct Properties will deliver approximately 35,000sqm
Previous Supply Changes Future Supply CBD Core and Frame Future Supply Fringe and Viaduct through the redevelopment of Downtown. As such
Auckland CBD office rents will continue to experience
upward pressure due to the lack of available space.
AUCKLAND
For Sale
18-26 Wellesley Street,
X Gallery,
Auckland Central
Award Winning Historical 4
Level Building
Recent refurbishment which took a year to complete, has created 10 retail shops and
two levels of award winning offices.
»» Building 2,712sqm, seismic 100%
»» Potential to build a 10,320sqm tower above
»» 60% of the income from retail, remainder offices
»» Rental $1,480,450 per annum
»» Freehold site 1,032sqm
»» WALT 5.5 years
2,712 1,032
John Binning 021 944 442 Retail sqm Land sqm
john.binning@ap.jll.com
4
AUCKLAND
For Sale
9 Karaka Street & 26
Randolph Street,
Eden Terrace,
Auckland
70% of Income on Short Term
Leases
»» A two level warehouse/office building with two street frontages
»» Zoning mixed use, future development potential
»» BB Digital on 5+5 year leases from 2012
»» Rental $261,071 per annum - Karaka Street level rented @ $54 per sqm
»» GV: $6.6million
46 2,902
John Binning 021 944 442 Carparks Building sqm
john.binning@ap.jll.com
For Sale
74 Wyndham Street,
Auckland Central
Iconic CBD Retail Investment
»» New 5 year lease from January 2015 at $135,600 per annum
»» High profile freehold strata title within the iconic Heritage Hotel
»» Ex Muddy Farmer, Auckland's pre-eminent Irish pub
»» Close proximity to Sky City and the Viaduct precinct
»» Liquor and gaming licences in place
»» Huge catchment
673
Anthony Barton 022 050 7309 James Dominey 022 3977 416 Retail sqm
anthony.barton@ap.jll.com james.dominey@ap.jll.com
5
NORTH ISLAND
For Sale
Matarangi Golf Resort,
Coromandel
Outstanding Golf Resort
Opportunity
STUNNING LOCATION ON THE COROMANDEL PENINSULA
»» 18 hole championship golf course partly designed by Sir Bob Charles
»» 20 villa development sites and 9 existing villas
»» Future development potential
»» Additional amenities; pro-shop and restaurant, conference facilities = additional income
»» 48ha of prime beach front land
48 9
James Dominey 022 3977 416 John Binning 021 944 442 Land ha Villas
james.dominey@ap.jll.com john.binning@ap.jll.com
6
AUCKLAND
For Sale
Marsden Point,
Whangarei
Calling Developers & Land
Bankers
»» Over 100ha of developable land
»» Zoned Business 4
»» Surrounding area experiencing growth
»» Huge future potential
»» Adjacent to NZ's only oil refinery
105
Nick Hargreaves 021 762 055 James Dominey 022 3977 416 Land ha
nick.hargreaves@ap.jll.com james.dominey@ap.jll.com
For Sale
123 Rora Street,
Te Kuiti
Te Kuiti Investment
»» Ground floor lease back to NZ Post
»» First floor offices
»» Net income approx $40,600 per annum
»» Prime commercial location
»» Rentable area: 1,213sqm
544 669
Retail sqm Office sqm
8 1,306
James Dominey 022 3977 416 Carparks Land sqm
james.dominey@ap.jll.com
7
AUCKLAND
For Sale
5 Whitaker Place,
Auckland Central
New Build Student
Opportunity
»» Brand new, high quality purpose built student accommodation currently under
construction, for sale ‘in one line’
»» Accommodation will include 300 self-contained studio apartments with extensive
communal areas throughout the building
»» Expected completion late 2015, so the new accommodation will be available for
students at the start of the 2016 academic year
»» Well located in Auckland’s CBD within 5 minutes’ walk of both the University of
Auckland and Auckland University of Technology
»» Australasia’s largest operator of student accommodation UniLodge will manage the
property by way of a (three plus 27) 30 year lease / management agreement with all
rental income guaranteed for the first three years
»» Indicative ungeared IRR 10.5% and stabilized net initial yield of 8% 300 7,000
Bedrooms Total Area sqm
Conal Newland +61 422 406 611 Nick Hargreaves 021 762 055
conal.newland@ap.jll.com nick.hargreaves@ap.jll.com
8
AUCKLAND
For Sale
Premium Student Investment 121 Grafton Road,
Opportunity Auckland
»» Brand new, high quality purpose built student accommodation currently under
construction, for sale ‘in one line’
»» Accommodation will include 395 self-contained studio apartments with extensive
communal areas throughout the building including elevated common rooms providing
extensive views of the Hauraki Gulf and Rangitoto Island
»» Commercial accommodation to include two retail units and a courtyard café. Basement
level will provide 53 car parking spaces
»» Expected completion late 2015, so the new accommodation will be available for
students at the start of the 2016 academic year
»» High profile corner site on the periphery of the Auckland CBD. Located in proximity to
Auckland Hospital and the University of Auckland Grafton Campus which is home to
the Faculty of Medical and Health Sciences. The University of Auckland City Campus
and Auckland University of Technology’s City Campus is located within a short walking
distance via the Grafton Bridge 395
»» Australasia’s largest operator of student accommodation UniLodge will operate the Bedrooms
building on a 30 year Management Agreement
53 10,000
»» Indicative ungeared IRR 10.5% and stabilized net initial yield of 8%
Carparks Total Area sqm
Conal Newland +61 422 406 611 Nick Hargreaves 021 762 055
conal.newland@ap.jll.com nick.hargreaves@ap.jll.com
9
AUCKLAND
For Sale
152 Fanshawe Street,
Auckland Central
Grant Thornton House,
Auckland
FOR SALE
»» High profile site fronting Victoria Park
»» A-grade office building with NLA of 6,673sqm
»» Typical floor plates of 1,495sqm
»» Producing net annual income of $2,683.416 approx per annum
»» Designed by one of NZ's leading architects
»» NBS rating 100%
»» Ground-lease structure recently reviewed to provide long-term certainty
6,673
Office sqm
70 2,031
Nick Hargreaves 021 762 055 James Dominey 022 3977 416 Carparks Land sqm
nick.haargreaves@ap.jll.com james.dominey@ap.jll.com
10AUCKLAND
For Sale
320-336
Great South Road,
Bank it Away....Twice Units D,E, Otahuhu,
Auckland
»» Two notable bank tenants BNZ and ANZ, on main road location
»» Rentals of $51,000 and $58,500pa net, reviews in 2015
»» Recently strengthened to 85% NBS
»» 22 Carparks, 11 per tenant
»» Purchase one or both units 196 286.5
UnitD (BNZ) sqm UnitE (ANZ) sqm
22 482.5
Ian Hall 021 451 411 Ben Curran 021 679 211 Carparks Total Area sqm
ian.hall@ap.jll.com ben.curran@ap.jll.com
For Sale
33, 35 & 41 Matakana
Valley Road, Matakana
Matakana Development Potential
»» Three houses for sale in one line situated in Matakana
»» Potential to build seven retail shops with apartment above plus 52 carparks on the
site or leave as is
»» Present residential holding income $54,600pa
»» Matakana is approximately 50 minutes north of Auckland
52 3,369
John Binning 021 944 442 Carparks Land sqm
john.binning@ap.jll.com
11AUCKLAND
For Sale
312-330 Broadway,
Newmarket,
Auckland
Prime Newmarket Retail
HIGH PROFILE RETAIL STRIP FRONTING BROADWAY
»» Tenants include BNZ, Adidas, Co-op Bank and Bivouac Outdoor
»» Net income approx $876,000 per annum
»» Net lettable area 2,082sqm
»» Excellent specification
»» Opposite Westfield TwoDoubleSeven
»» Ground lease rent review completed July 2012
2,082
Retail sqm
32 1,538
James Dominey 022 3977 416 John Binning 021 944 442 Carparks Land sqm
james.dominey@ap.jll.com john.binning@ap.jll.com
12AUCKLAND
For Sale
56 Ben Lomond
Crescent, Pakuranga,
Auckland
Industrial Investment Opportunity
»» Four separate tenancies returning $81,700pa plus GST
»» Solid 880sqm building in good location
»» Entry level; rare industrial opportunity
»» Please contact for full tenancy schedule
16 880
Carparks Building sqm
Mike Edward 021 0262 6291
mike.edward@ap.jll.com
For Sale
145 Marsden Point
Road, Ruakaka
Ruakaka Greenfield Opportunity
DAIRY FARM WITH DEVELOPMENT POTENTIAL
»» 70 hectares of flat former dairy unit now grazing block
»» Town services at the gate
»» Flat land ideal for housing
»» 90 minutes to Auckland's North Shore
»» $3,300,000 plus GST
70 70
Chris Harding 021 353 813 John Binning 021 944 442 Land ha Total Area ha
chris.harding@ap.jll.com john.binning@ap.jll.com
13AUCKLAND
For Sale
55 Montgomerie Road,
Airport Oaks,
Auckland
Convenience Retail Centre
For Sale
Retail centre for sale, adjacent to main route to the Auckland Airport.
Built in 2 stages 2007 and 2013.
Tenants include Bendon, Icebreaker, Hollywood Bakery etc
»» Rental $580,817.54 per annum
»» Zoning Bus 5
»» Freehold
»» Land 5,048sqm
»» Building 1,662sqm
»» Carparks 91
91 5,048
John Binning 021 944 442 Carparks Land sqm
john.binning@ap.jll.com
14AUCKLAND
For Sale
Manawatu Business
Park, Manawatu,
Palmerston North
Manawatu Business Park
For Sale
44HA INDUSTRIAL LAND
NZ Institution wants 44ha of industrial land off their books. 30ha (40%) sold. Tenants/
owners include Foodstuffs, Ezibuy, EDI Downers etc.
Suit developer, part owner/occupier or investor.
»» Fully serviced subdivision
»» Relatively flat land
»» Access from El Prado Drive
2,668 44
John Binning 021 944 442 Carparks Land ha
john.binning@ap.jll.com
15AUCKLAND
Landmark Ponsonby Post
Building
FULLY REFURBISHED AND STRENGTHENED CHARACTER BUILDING
»» Prime location at intersection of Ponsonby Road, Jervois Road, College Hill and
St Mary’s Road
»» Rare opportunity for an owner occupier, flagship retailer or restauranteur For Sale
»» First floor leased to Skin Institute on new four year lease
»» Ground Floor now available: NLA 250sqm plus 76sqm north-facing courtyard 1-3 St Mary's Road,
garden Ponsonby, Auckland
»» A grade seismic strength (100% NBS)
»» Far reaching city views from the upper floor
The sale of the historic Ponsonby Post building provides investors with a rare opportunity
to gain a foothold in the sought after Auckland suburb of Ponsonby. With a recently
extended lease to the Skin Institute for the first floor and the ground floor presenting
exceptionally, following significant strengthening and refurbishment, this property is a
fantastic opportunity for either an owner occupier or investor.
The area surrounding this fantastic character building is abundant with boutique fashion
retailer, trendy bars and restaurants and other complimentary activities which together
promote this as a commercial location.
538 408
Anthony Barton 0212 050 7309 James Dominey 022 3977 416 Net Lettable Area Land sqm
anthony.barton@ap.jll.com james.dominey@ap.jll.com
16AUCKLAND
For Sale/Lease
215 Wairau Road,
Wairau Valley,
Auckland
Standalone Freehold Office
Building on Wairau Road
»» Standalone freehold office building
»» Office area of 840sqm split over three individual tenancies
»» Option to lease one floor or all three
»» Road front space located in very popular Wairau Valley
»» Ample parking 840
»» Great access to the motorway and arterial routes Building sqm
»» Rare option to buy, enquire now 25 1,687
David Mayhew 021 480 289 Marg Mills 021 751 433 Carparks Total Area sqm
david.mayhew@ap.jll.com marg.mills@ap.jll.com
For Sale/Lease
98-100 Hillside
Road, Wairau Valley,
Auckland
Rare Industrial For Sale/Lease in
the Wairau Valley
»» Multiple opportunities for this low office ratio industrial building
»» Land area of 2,445sqm
»» Offices over two levels of 168sqm approx, Warehouse 1,107sqm approx
»» Ample car parking and loading/container drop area
»» Owner occupiers and add value investors need to inspect this 1980's structure 1,275.5
with good bones Building sqm
»» Tenants frustrated with the lack of industrial stock enquire now
19 2,445
David Mayhew 021 480 289 Chris Harding 021 353 813 Ben Pilley 021 898 826 Carparks Total Area sqm
david.mayhew@ap.jll.com chris.harding@ap.jll.com ben.pilley@ap.jll.com
17AUCKLAND
Large Industrial in Prime Position
with Opportunity to Add Value
SUIT INVESTOR OR OWNER/OCCUPIER, CAN BE VACANT IN OCTOBER 2017
»» Access from 3 roads - Carbine Road, Bowden Road and Gabador Place
»» Net income approx $2.25m per annum with CPI increases
For Sale
»» WALT 2.4 years, lease expires 15th October 2017, no ROR
»» Site 44,836sqm
»» Total building 28,617 approx 100 Carbine Road,
Mt Wellington,
Improvements: 25,892sqm of warehousing and column free/clear span. 9,353sqm of Auckland
10m stud. Office of 2,257sqm. Canopy 855sqm. Also a small separate warehouse of
628sqm at rear of the site.
Opportunities: Bunnings have just taken over the whole site. They are using the property
as their national distribution centre.
26,000 44,836
Warehouse sqm Land sqm
John Binning 021 944 442
john.binning@ap.jll.com
18NORTH ISLAND
For Sale
Magnificent Waterfront Property
174 Tauranga Bay
Road, Tauranga Bay,
This majestic property of 156 hectares is situated along Tauranga Bay Road 40 minutes Whangaroa Harbour,
north of Kerikeri. A short distance away is the acclaimed Kauri Cliffs Golf Course, with top Northland
luxury lodge accommodation. Other notable interests include the Whangaroa Marina, New
Zealand's most northerly marina in close proximately to famous game fishing grounds
from the Cavalli Islands to North Cape and beyond.
The Tauranga Bay farm property comprises of 156 hectares in 5 titles.
»» On the east side of this property is flat land used currently for grazing
»» Included on Tauranga Bay Road is a three bedroom house
»» Planted in over 36,000 trees including native forest
»» Lower slopes on the northern side of Tauranga Road and the southern side both have
potential for building platforms that would provide wonderful views of Tauranga Bay
beach
»» Scattered about the property are spring fed streams and rolling hillsides of native bush 156.5 156.5
»» https://vimeo.com/121646325 Land ha Total Area ha
Chris Harding 021 353 813 Anton Ritani 021 844 985 John Binning 021 944 442
chris.harding@ap.jll.com anton.ritani@ap.jll.com john.binning@ap.jll.comAUCKLAND
For Sale
Tower For Sale! 396 Queen Street,
Auckland Central
PRIME QUEEN STREET / MAYORAL DRIVE POSITION, MOSTLY VACANT
»» Suit residential / hotel conversion or leave as offices
»» Selling 15 level tower
»» Fantastic views and has a new Queen Street entrance
»» Seismic rating well over 100% NBS
»» Land area of 1,470sqm
»» Tower circa 8,400sqm
»» Potential to add up to 5 levels
»» Contact John for an investment report
8,400
Building sqm
John Binning 021 944 442
john.binning@ap.jll.com
20Wellington
EMPLOYEE GROWTH POPULATION
DRIVING DEMAND 6.5% forecast growth
Net migration
+ve 5.5% increase between 2013 & 2023
more people
need for more space
= in employment Earthquake strengthening
from 2013-2014 works being completed
ALL VACANCY YIELDS
2013 2014
10.00%
Prime
1.9% 0.5% 9.50%
Office 9.00%
8.50%
8.00%
Total
5.5% 4.7% 7.50%
Industrial 7.00%
6.50%
CBD Retail 6.3% 6.4% Wellington CBD Office Prime Wellington Industrial Prime Wellington Retail Prime
LOCATION
TRANSACTION Largest Wellington
VOLUMES: ON & transaction 2014,
OFF-SHORE CAPITAL Grant Thornton House,
ORIGIN WELLINGTON Lambton Quay for $63million
2014 total
offshore
42%
*Includes large portfolio transactions (GIC & PSP) Investor
Sentiment
58% 2014 total
onshore
Institutional and foreign investors are showing interest in
Wellingtons office stock; the investment market and pricing
has always been strong here due to strong government
tenancies. Over the last couple of years, there has been some
uncertainty around the future of government accommodation
2014 however this should become more clear this year, dispelling
increase in any significant doubt in the market.
135% transaction
volumes
Wellington has also been impacted by the seismic standards
imposed on commercial property, however, as obligations
become clearer and works are completed on institutional
since 2013 grade product, this too is becoming less of a concern. We
predict a strong year for Wellington.Artists impression
WELLINGTON
Artists impression
Inner City New Build
MODERN BUILDING WITH HERITAGE CHARACTER
NZMA House will offer a modern office building with over 1,000 square metres of office
and retail space.
The new building’s design will integrate heritage character from the existing 1930's Art
Deco facade with bespoke, sympathetic additions.
Two additional tall floors are to be added above reconstructed levels of the existing For Sale / Lease
building. In addition, a third part floor is to be added above these to act as a large
26 The Terrace, CBD,
boardroom and corporate entertainment area.
Wellington
»» Central CBD location »» Close to all public transport hubs
»» High quality office floors »» Nearby Parliament, Courts and
»» Security controlled access Government departments
»» Fully air conditioned »» Levels 2, 3 - 194 sqm
»» Seismic rating of 100% NBS »» Level 4 - 184 sqm
»» Energy efficient services
Price by negotiation
194
Total Area sqm
Stu Turnbull 021 968 911 John McKenzie 021 444 586
stu.turnbull@ap.jll.com john.mckenzie@ap.jll.com
22WELLINGTON
Inner City Investment
GROUND FLOOR OF ITO HOUSE FOR SALE
Recently refurbished and in close proximity to the motorway as well as major arterial
routes, this large column free 285 sqm, ground floor space offers so much. Prominently
situated on the corner of Taranaki and Abel Smith Streets and with excellent signage
For Sale
opportunities, it features extensive floor to ceiling glass for tenants to showcase their
products, and the additional benefit of a massive vehicle count. 1/180 Taranaki Street,
Te Aro, Wellington
The space is presented to a high standard and comes complete with kitchenette, shower,
toilet and two covered car parks. With quality, well established neighbours in place this is
definitely worth a second look.
»» High profile corner site »» Seismically sound
»» Massive vehicle count »» Huge floor to ceiling glass panels
»» Recently refurbished »» Two secure car parks
Price by negotiation
285 2
Floor Area sqm Carparks
Jon Williams 021 121 5775
jon.williams@ap.jll.com
23WELLINGTON
For Sale / Lease
34 Kaiwharawhara
Road, Kaiwharawhara,
Wellington
High Profile Location
VENDOR WANTS ACTION
Well appointed building in popular Kaiwharawhara Road, close to SH1 and SH2 and
enjoying excellent exposure with heavy daily traffic flow. The property comprises
warehouse, showroom and offices as well as secure onsite parking.
»» High standard of offices »» Popular location with impressive
»» Maximum visibility neighbouring businesses
»» Onsite cell phone tower leased to »» Available with vacant possession
Vodafone generating further income »» Current income circa $105,000 pa
»» No internal columns
Price by negotiation
380 1,265
John McKenzie 021 444 586 Jon Williams 021 121 5775 Floor Area sqm Site Area sqm
john.mckenzie@ap.jll.com jon.williams@ap.jll.com
24WELLINGTON
For Sale
15 Batchelor Street,
Newlands, Wellington
Newlands Medical Centre
A HEALTHY INVESTMENT
Situated in central Newlands just 7 kilometres from Wellington CBD. Newlands Medical
is the only medical centre servicing Newlands and immediate surrounding suburbs. The
building is split into Three tenancies, each of which is fully leased to long term tenants.
There are two cell phone towers on site - with leases to Vodafone and 2 degrees, as well
as a rear 700 sqm yard, leased to a timber firm.
»» Central Newlands location, next door to »» Modern fitout
the busy New World supermarket »» Multi tenanted - six quality tenants
»» Ample free customer car parking »» Current net income of over $200,000 pa
»» The only medical centre servicing
multiple suburbs
For Sale by Private Treaty closing 13 May 2015
1,180
Floor Area sqm
11 4,007
Carparks Site Area sqm
John McKenzie 021 444 586
john.mckenzie@ap.jll.com
25Boundary line indicative
WELLINGTON
For Sale
51 Somme Road
Heretaunga, Upper Hutt
Wellington
Ex University Campus for sale
by Tender
FORMER CIT UNIVERSITY SITE - MASSIVE POTENTIAL
»» Significant redevelopment opportunity, potential for new educational facility, retirement
village or residential development
»» Magnificent setting in Upper Hutt - just 30 minutes drive from Wellington CBD
»» Comprises a tertiary education facility on 18 hectares
»» Seven classrooms blocks including laboratory and computer classrooms
»» Six buildings of hostel accommodation as well as several sports fields
»» Lecture theatres, gymnasium and library
International Tender closing 4pm, 12 May 2015
35,701 18
John Persico 021 441 231 John McKenzie 021 444 586 Floor Area sqm Site Area ha
john.persico@ap.jll.com john.mckenzie@ap.jll.com
26WELLINGTON
For Sale
22 Pharazyn Street,
Lower Hutt, Wellington
Motel 22
LIFESTYLE OPPORTUNITY
Motel 22 is a 15 unit motel sitting on 1,800sqm of land in Lower Hutt. The Motel boasts
excellent exposure from both Pharazyn Street and SH2. The property also includes owner
accommodation providing further appeal for potential purchasers.
»» Just 1.5km from Lower Hutt CBD »» Four bedroom owner accommodation
»» 15 self contained, fully furnished units »» Asking price: $1,900,000
»» Freehold going concern complete with
land and buildings
650 1,852
John Persico 021 441 231 Floor Area sqm Site Area sqm
john.persico@ap.jll.com
27Subject site shaded in red, indicative only
For Sale
1/356 Karori Road,
Karori, Wellington
Suburban Development Site
UNIQUE KARORI LOCATION
WELLINGTON
This is an excellent opportunity to secure a prime position in the large residential suburb
of Karori. This site is presented as 155 sqm of bare land and is situated adjacent to
the local dairy and Thai takeaway, both of whom are established long term tenants.
Opportunities for development in Karori are few and far between, especially in this sought
after location. Resource consent granted for a first floor two bed residential unit and a
retail outlet situated on the ground floor, and basement garage.
»» Excellent location
»» Bare land block
»» On main arterial public transport route
155
Site Area sqm
John McKenzie 021 444 586 Jon Williams 021 121 5775
Price by negotiation
john.mckenzie@ap.jll.com jon.williams@ap.jll.com
For Sale
Building E, 59-61
Marsden Street,
Popular Industrial Complex Lower Hutt, Wellington
GREAT OPPORTUNITY TO PURCHASE A FULLY LEASED BUILDING
Building E is part of a large block of land subdivided into three lots which has dual access
from Bridge and Marsden Streets. Sitting on a central Lower Hutt site, conveniently located
on the main arterial routes including Railway Ave, Hutt Road, the Hutt Valley CBD via the
Ewan Bridge and State Highway 2 via the Dowse Interchange.
»» Freehold tenure »» Opportunity to extend existing lease
»» Four separate, popular sized tenancies terms
»» Multi-tenanted, speading vacancy and »» Appealing central Lower Hutt location 480
cashflow risks »» Earthquake compliant Floor Area sqm
11 1,189 sqm
John Persico 021 441 231 Carparks Site Area sqm
john.persico@ap.jll.com
28WELLINGTON
For Sale
5 Cobham Court,
Porirua,
Wellington
Is This Your Next Investment?
ATTRACTIVE RETAIL SITE IN NEW-LOOK PORIRUA
Situated in the ever popular Porirua Town Centre, Cobham Court is bristling with quality
tenants and benefits from the highly successful Porirua market, which runs on Saturdays.
The building, currently divided into two tenancies, has two national tenants securely in
place.
»» Ground floor space of 150sqm »» Outstanding investment
»» Four allocated car parks »» Net income of $55,236 approx pa
»» Excellent glass frontage
»» Fully leased to two high profile tenants,
each with rights of renewal
Price by negotiation
150
Floor Area sqm
4 208
John McKenzie 021 444 586 Jon Williams 021 121 5775 Carparks Site Area sqm
john.mckenzie@ap.jll.com jon.williams@ap.jll.com
29WELLINGTON
For Sale
12 Hagley Street,
Porirua, Wellington
Astute Property Investors
KEY TENANTS ANZ AND PIZZA HUT
The property benefits from its busy central Porirua location and is fully leased including
two high profile, national tenants, ANZ and Pizza Hut. Don’t miss this fantastic investment
opportunity!
»» Fully leased, including ANZ and »» On site car parking
Pizza Hut »» Current net income: $275,475 approx
»» Tidy, modern premises
»» Popular Porirua location
Price by negotiation
1,110 1,274
John McKenzie 021 444 586 Floor Area sqm Site Area sqm
john.mckenzie@ap.jll.com
30WELLINGTON
For Sale
161 State Highway 58,
Judgeford
Porirua, Wellington
Large Industrial Facility In
Judgeford
NEAR MAJOR INTERSECTION LINKING HUTT VALLEY TO TRANSMISSION GULLY
A fantastic opportunity has arisen to purchase this large industrial site located on SH58, just a
two minute drive from the Transmission Gully interchange.
The site is available fully leased or with vacant possession.
»» Fully leased / or vacant »» Truck turning bay
»» Modern warehouse and office facility »» Development opportunity
»» Large yard »» Close to Transmission Gully interchange
»» Ample car parking »» Current income of $153,650 pa
For Sale by Private Treaty
668 6,576
Floor Area sqm Site Area sqm
John McKenzie 021 444 586 John Persico 021 441 231
john.mckenzie@ap.jll.com john.persico@ap.jll.com
31WELLINGTON
For Sale
75-77 Kenepuru Drive,
Porirua, Wellington
Rare Investment Opportunity
PRIME INVESTMENT PROPERTY WITH OPPORTUNITY TO FURTHER DEVELOP
The opportunity provides a key location within close proximity to Wellington, and
occupancy by high profile NZ Company, Carter Holt Harvey. The company has a long
and highly regarded history in NZ, and a long term lease that incorporates annual rental
growth.
»» Affordable industrial / retail investment »» Substantial development potential due to
»» Large 9,217sqm site under utilised plot ratio
»» High profile, well known New Zealand »» Approximately 2,388sqm of gross
tenant on long term lease lettable area plus extensive yards
»» Annual net rental of $223,929 + GST
2,388 9,217
Floor Area sqm Site Area sqm
John Persico 021 444 586
john.persico@ap.jll.com
32WELLINGTON
For Sale / Lease
11 Manchester Street,
Paraparaumu, Kapiti
Massive On Manchester
HUGE BUILDING WITH EVEN BIGGER POTENTIAL
11 Manchester Street is a large warehouse / showroom and office facility with attractive
glass frontage and onsite car parking. The property is situated just a short drive from
Coastlands Mall, the train station and SH1, and sits an even shorter distance from the
new Expressway currently under development.
»» Vacant property available for sale or »» Functional warehouse equipped with
lease gantry rail
»» Fantastic investment opportunity in one »» Very close proximity to the Kapiti Airport,
of New Zealand’s fastest growing areas SH1, train station and the Expressway
»» Medium stud height with access via two (under development)
roller doors
Price by negotiation
1,009 1,398
Floor Area sqm Site Area sqm
John McKenzie 021 444 586
john.mckenzie@ap.jll.com
33WELLINGTON
For Sale / Lease
Hunting For Quality? 47K Kenepuru Drive,
Kenepuru, Porirua,
OWNER OPERATOR LOOKING TO EXPAND
Wellington
Due to the success of its existing business, this quality office/warehouse facility is
available for both sale or lease. Premises of this calibre are rarely available in Kenepuru
making this a very exciting opportunity. Some of its many features include:
»» Excellent location on busy Kenepuru »» Roller door access
Drive »» On site car parking
»» Just minutes from Porirua, and easy »» Attractive fitout
access to motorway »» Good natural light
»» Modern offices / meeting rooms
Price by negotiation
259 3
Floor Area sqm Carparks
John McKenzie 021 444 586
john.mckenzie@ap.jll.com
34WELLINGTON
For Sale
4 Sheffield Street,
Paraparaumu, Kapiti
Vacant Land and Buildings
VENDOR SAYS BRING ME AN OFFER
This multi tenanted investment property, with development opportunity, is situated just off
Te Roto Drive. Currently split into 3 industrial tenancies with 400 sqm of developable land
that fronts Sheffield Street. With the new Expressway proceeding, this area is becoming
very popular with local owners and investors.
»» Large industrial site
»» Multi tenanted investment with upside
»» Current net income of $61,000 pa
»» Potential net income of $70,000 pa
»» Key Tenants Zion Motors and Unisys
Price by negotiation
626 2,026
Floor Area sqm Site Area sqm
John McKenzie 021 444 586
john.mckenzie@ap.jll.com
35Christchurch
REBUILD WORKERS DRIVE POPULATION
POPULATION GROWTH
A grade office
+ve=
13.5% forecast growth
Net migration between 2013 & 2023
more people rental growth Commercial and residential
approx 4,900 people migrated stalling as accommodation is
Jan-June 2014 increasing at pace
supply rapidly
ALL VACANCY increases
YIELDS
2014
CBD Office 8.3% 10.00%
9.50%
9.00%
Total Industrial 3.4% 8.50%
8.00%
Total Retail
7.50%
2.5% 7.00%
6.50%
TRANSACTION Christchurch Office Prime Christchurch Industrial Prime Christchurch Retail Prime Suburban
VOLUMES: ON &
OFF-SHORE CAPITAL
ORIGIN LOCATION
2014 total
offshore
78% CHRISTCHURCH
Largest Christchurch
transaction 2014; 223-231
Tuam St, CBD $45mililon
*Includes large portfolio transactions (GIC & PSP)
22% 2014 total
onshore
CHRISTCHURCH RENTS
A ceiling on prime CBD rentals has been
reached as new supply to the market
increases with a number of significant Vacancy levels in suburbs
buildings recently completed or due
to open in H1 2015. With the bulk of A Rental levels for both prime+secondary softening
grade tenants committed to space in
the CBD or locked into leases in the Prime Secondary Prime
suburbs, demand remains strong for Office Rental Office Rental Retail
well located secondary office space CBD $365-$425 $265-$350 $500-$1,000
to cater for the next tier down in the
market Suburban $325-$365 $225-$275 $350-$800Canterbury's Preeminent
Boutique Shopping Centre
CHRISTCHURCH
»» Rare opportunity to acquire an elite retail and entertainment establishment
»» High profile and easily accessible location on Colombo Street
»» Excellent mix of fashion, beauty and home-ware boutiques
»» First-class food-hall offering local and European inspired cuisine For Sale
»» Diversified income stream from c.40 tenants
»» Attractive weighted average lease term The Colombo,
»» Considerable opportunity to increase net income through leasing of vacant space Sydenham,
and structured rent reviews Christchurch
»» Potential fully leased net income c.$2,700,000 per annum
»» Recently refurbished and strengthened
»» Potential to capitalise on the forecast growth of Christchurch
»» Strong customer base from immediate surrounds and beyond
The Colombo is a fantastic boutique shopping and entertainment centre that provides
investors a rare opportunity to acquire a prominent retail investment.
With strong tenants in occupation, and an attractive WALT, The Colombo presents
exceptionally well in terms of a multi-tenanted retail asset. Substantial refurbishment and
seismic strengthening over recent years have transformed this asset into the region’s
leading boutique retailing experience.
16,225
Land sqm
267 8,804
James Dominey 022 3977 416 Nick Hargreaves 021 762 055 Carparks Total Rentable area sqm
james.dominey@ap.jll.com nick.hargreaves@ap.jll.com
37CHRISTCHURCH
For Sale by Tender
Closing 4pm 30th April
2015
386 Moorhouse
Grand Opportunity on Offer Avenue, 1 Pilgrim
Place, Sydenham,
ICONIC CBD CHRISTCHURCH SITE Christchurch
This very well known Moorhouse Avenue address presents itself as 11,435sqm
of prime bare land in two titles. This property has consents for existing use rights
including proposed plans drafted to build a 10 cinema multiplex, 1,000sqm of retail and
15 level hotel with a maximum allowable height of 65 metres. This offers a fantastic
opportunity to redevelop this property. Consent available for 7 years.
Zoned B3B with dual access and wide frontage to Moorhouse Avenue.
Sites of this size rarely come to market. The land is in good company with
neighbouring tenants being Countdown, Pak n Save, Nissan to name a few.
This site is close to CPIT.
11,435 11,435
Land sqm Total Area sqm
Chris Harding 021 353 813 Anton Ritani 021 844 985
chris.harding@ap.jll.com anton.ritani@ap.jll.com
38CHRISTCHURCH
For Sale
19 Sheffield Crescent,
Burnside,
Christchurch
Definitely for Sale
This property, the former Jade Software premises, is an architecturally designed
office located on the corner of Sheffield Crescent & Sir William Pickering Drive near
Christchurch Airport. Earthquake repairs have been completed bringing the office towers
to 75% of the New Building Standard (NBS) & 65% to 70% for the atrium. Vacant and
ready for a new life.
» NLA of 2,730sqm » Highly motivated
» Land area: 5,810sqm » Close to Christchurch Airport
» Options aplenty » 96 car parks
2,730
Office sqm
96 5,810
Chris Harding 021 353 813 Jesse Paenga 027 764 4748 Carparks Total Area sqm
chris.harding@ap.jll.com jesse.paenga@ap.jll.com
39SOUTH ISLAND
For Sale
Mitre 10 Mega,
Blenheim
Mitre 10 Mega
»» 15 year lease to Mitre 10 (NZ) Ltd from 19 November 2007
»» Plus 3 x 5 years Rights of Renewal
»» Current net rental is $1,080,000 per annum, plus GST
»» Building size is 10,038sqm on 18,608sqm of land
»» Secure long term passive income stream
»» This quality building with over 200 car-parks is one of Marlborough’s substantial
quality buildings, this will give investors an excellent long term investment
Mitre 10 Mega accommodates a main retail area with drive through, offices and amenities,
associated garden centre and café together with 191 marked customer car parks and 19
staff car parks, all of which are tar sealed and marked.
10,038
Building sqm
200 18,608
Carparks Total Area sqm
Chris Harding 021 353 813 John Binning 021 944 442
chris.harding@ap.jll.com john.binning@ap.jll.com
40CHRISTCHURCH
For Sale
192 Barbadoes Street,
Christchurch
Smart Investment Opportunity
Due for completion June, 2015. These bit sized units are available for sale. With great
profile on the corner of Barbadoes & Cashel Streets, these units are well positioned
to carter for smaller office tenants who are currently very active in the market. Enquire
today for an information memorandum.
Unit 1: 223.32sqm Unit 2: 195.10sqm
Unit 3: 256.90sqm Unit 4: 268.90sqm
» Completion June, 2015 » Ample parking
» 4 Units for sale » Excellent corner location
» Sizes from 195sqm to 268sqm
96 195-268
Chris Harding 021 353 813 Jesse Paenga 027 764 4748 Carparks Office sqm
chris.harding@ap.jll.com jesse.paenga@ap.jll.com
41Awaroa Lodge, National Park, Nelson
SOUTH ISLAND
Nugget Point, Queenstown
42SOUTH ISLAND
For Sale
Peppers Portage
Resort Hotel,
Marlborough Sounds
Portage Resort Hotel
STUNNING LOCATION ON THE MARLBOROUGH SOUNDS
»» Can be vacant or has a manager in place
»» The Portage Resort Hotel has 41 hotel rooms on separate titles and can
accommodate up to 128 people
»» The property is located approx 15 minutes from Picton by boat and 1.5hr
drive from Blenheim
»» Also available on a separate title is a retail outlet, the Kenepuru Store and
Bakery which also includes staff accommodation
»» Substantial refurbishment has been carried out in 2014
»» It has its own four tonne moorings
9,253 41
Chris Harding 021 353 813 John Binning 021 944 442 Land sqm Hotel Rooms
chris.harding@ap.jll.com john.binning@ap.jll.com
43CHRISTCHURCH
For Sale
29 Leeds Street,
Philipstown,
Christchurch
WOW! Quality So Close to the
CBD
HIGH QUALITY OFFICE FIT OUT
This opportunity is on the edge of the CBD and eastern frame. Fletchers, current tenant,
with 20 months remaining, have invested in a high quality fit out which will provide an
incoming tenant with very attractive office space.
Fletchers preference is to sublease now!
This property also features, secure warehouse with three truck bays and a generously
sized sealed yard. There is an option for a mezzanine floor to remain if this suits the
interested party. The site has 30 car parks with both secure and client parking. 1,070
Stud height of 5 metres. Building sqm
Inspection will impress. 30 2,902
Carparks Total Area sqm
Chris Harding 021 353 813
chris.harding@ap.jll.com
44For Sale
For Sale or Lease
68 Fitzgerald Avenue,
Christchurch
Standout Location
These new offices are located on the fringe of the CBD in a prominent position on
Fitzgerald Avenue.
With you as the tenant in mind, these offices are well designed with floor to ceiling grazing
providing natural light.
» Available November, 2015 » Spaces up to 642sqm
642
» Prominent Fitzgerald location » For lease or sale
Office sqm
» Ample onsite parking
15 809
Chris Harding 021 353 813 Jesse Paenga 027 764 4748 Carparks Total Area sqm
chris.harding@ap.jll.com jesse.paenga@ap.jll.com
CHRISTCHURCH
For Sale or Lease
7 Sir Gil Simpson
Drive, Burnside
Outstanding Offerings
Located on the edge of Tech Park, with views over the golf course, are four newly con-
structed units. Spaces from 130sqm - 500sqm with the option to take a whole unit or one
floor. Efficiently designed with superb natural lighting, this property offers ample onsite
parking with fit-out options available. This development will not disappoint!
» Available May, 2015 » Views over the golf course
1,533
» Spaces from 130sqm - 500sqm » Fit-out options Office sqm
» Ample parking » Ready to move in
59 953
Chris Harding 021 353 813 Jesse Paenga 027 764 4748 Carparks Total Area sqm
chris.harding@ap.jll.com jesse.paenga@ap.jll.com
45For Sale
8c Homersham Place,
Burnside, Christchurch
Very Affordable Office Building
»» Two story office complex
»» Handy to Christchurch Airport and Technology Park
»» First class tenant Izone Science
»» Standalone building on a unit title
»» Total rent $78,700 plus GST and outgoings
»» Sale price $1,100,000 240 100
Ground floor sqm First floor sqm
5 340
Robert Williams 0274 344 723 Carparks Total Area sqm
robert.williams@ap.jll.com
CHRISTCHURCH
41
For Sale
Carters Road,
Amberley,
Hurunui District
Opportunity to Develop
ZONED COMMERCIAL RETAIL
»» Excellent profile, potential to develop along Carters Road, Amberley, North Canterbury
»» 20,000 vehicle movements past this site per day
»» 19,447sqm approximately
»» Owners will consider all offers
»» There is a unique opportunity to purchase a large parcel of land, ideal for commercial/
retail development next door to Countdown
»» Situated alongside Brackenfields in the heart of Amberley
19,447
Anton Ritani 021 844 985 Chris Harding 021 353 813 Total Area sqm
anton.ritani@ap.jll.com chris.harding@ap.jll.com
46For Sale
8/245 St Asaph Street,
Christchurch
Income with a Beating Heart
»» Asking 9-10% return
»» Solid investment/ growth location
»» $92,600 net per annum
»» Multi national blue chip tenant (three years to run plus ROR)
»» Astute purchase within innovation precinct
»» Modern building
»» Onsite carparking
»» Buy cashflow here 2 284
Chris Harding 021 353 813 Carparks Building sqm
chris.harding@ap.jll.com
CHRISTCHURCH
For Sale
Unit D, 11 Print
Place, Middleton,
Christchurch
Calling Owner Occupiers
»» Tidy office with warehouse
»» Three phase power
»» Earthquake repairs completeSOUTH ISLAND
For Sale
31 Forth Street,
Invercargill
Outstanding Return With Blue
Chip Tenant
»» Blue Chip tenant
»» Returns above 9%
»» Potential for further development
»» City centre location
Here is a rare opportunity to invest in a property returning over 9% with a blue chip
tenant in Carters. This property is located right in Invercargill’s city centre providing
great exposure for this 6474sqm bulk retail site. The lease is currently ratcheted with
fixed increases providing certain growing returns.
Potential for further development onsite to meet tenants growing needs. 6,474
Land sqm
Rarely do you find such high returns with a tenant of the calibre of Carter’s.
Call now for further information. 5,550 5,550
Building sqm Total Area sqm
Jesse Paenga 027 764 4748
jesse.paenga@ap.jll.com
48For Sale/Lease
Lot 4 Barry Hogan
Place, Addington,
Christchurch
Passive Income - Storage
»» High quality office space
»» Efficient floor plates
»» Move in now with room to expand in 2017
»» Income of $365,000pa until July 2017
»» Up to 80 car parks
1,200 1,172
Ground floor sqm First floor sqm
80 2,372
Sam Connell 021 631 351 Chris Harding 021 353 813 Carparks Total Area sqm
sam.connell@ap.jll.com chris.harding@ap.jll.com
CHRISTCHURCH
For Sale
15-75 Peterborough
Street, Christchurch CBD
A Rare Find in CBD
FOR SALE - $700K
»» 263sqm - 120sqm warehouse, 143sqm office - showroom
»» Recently refurbished to 67% NBS
»» On-site parking
»» Great location
»» Fantastic opportunity to secure a warehouse right inside the CBD
3 263
Haydn Scott 027 325 0284 Carparks Total Area sqm
haydn.scott@ap.jll.com
49CHRISTCHURCH
For Sale/Lease
Amberley Business
Industrial Park,
Canterbury
The Business Park of North
Canterbury
»» Business/Light Industrial Park land with minimal covenants and a totally modern and
park-like environment
»» Stage 2A has 4 lots remaining; Lot 2 -1,000sqm, Lot 3-1,288sqm, Lot 4-2,002sqm
and Lot 5-2023sqm
»» Flexibility in final land areas available in Stage 2A and Stage 2B
Amberley Townships District Plan now shows the release of Business zoned land.
The Business park is situated north of Brackenfield Stage 1 development ($12M) including
the popular Countdown Supermarket.
6,313
Chris Harding 021 353 813 Land sqm
chris.harding@ap.jll.com
50As a property investor are you: □□ Maximising net operating income? □□ Maintaining your assets to the highest standard? □□ Adding value to your assets? □□ Meeting your obligations under the Building Act? □□ Are you prepared for NABERSNZ? Our effective support structures will protect, enhance and unlock the potential of your assets JLL Property Management Regan Simpson +64 9 914 9766 www.jll.nz I +64 9 366 1666 I +64 4 499 1666 I +64 3 341 8210 Consulting ▪ Finance ▪ Leasing ▪ Management ▪ Outsourcing ▪ Sales ▪ Valuations
INVEST
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About Jones Lang LaSalle
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing
in real estate. With annual fee revenue of $4.7 billion, and gross revenue of $5.4 billion, JLL has more than 230 corporate offices and operates in 80 countries worldwide with 58,000
colleagues. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters,
and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $55.3 billion of real estate
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