Archive | Commercial Realty

2 sales & 6 leases by Commercial Realty

Commercial Realty Ltd agents have completed 2 sales & 6 leases with values over $50,000 in the last 3 months.

Sales

Isthmus east

Penrose

1016a Great South Rd:
Features: 882m² industrial unit
Outcome: sold for $2.775 million to a nearby owner-occupier
Agents: David Turner & Danny Guise

South

East Tamaki

325 Ti Rakau Drive, unit 5:
Features: 180m² industrial unit, 2 levels, 3 parking spaces
Outcome: sold for $550,000 to an air-conditioning company as owner-occupier
Agents: David Turner & Brad Rathbun

Leases

Isthmus east

Penrose

16 Olive Rd:
Features: 988m² industrial premises, leased to a quickly expanding national tenant
Rent: $110,000/year net + gst
Agents: Willie Fernandes & Danny Guise

North-west

Swanson

212 Swanson Rd, units 1 & 2:
Features: 990m², long-term lease
Rent: $71,000/year net + gst
Agent: Daniel Speck

South

Drury

4 Creek St:
Features: 630m², warehouse plus yard area
Rent: $105,000/year net + gst
Agents: Mark Bramwell & Brad Rathbun

East Tamaki

1E Lady Ruby Drive:
Features: 460m² warehouse & office unit, road frontage
Rent: $65,000/year net + gst
Agent: David Turner

Takanini

12 Marphona Crescent, unit 1:
Features: 365m² industrial unit with road frontage, leased to an overseas company
Rent: $60,000/year net + gst
Agent: Brad Rathbun & David Turner

12 Marphona Crescent, unit 2:
Features: 360m² industrial unit, leased to an international tenant before development completion
Rent: $55,000/year net + gst
Agent: Danny Guise

Attribution: Agency release.

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4 sales, 7 leases

Industrial & commercial property specialist Commercial Realty Ltd has reported deals completed over $50,000 from May to July. Some had confidential pricing which I’ve mentioned, but I’ve omitted those with so little detail as to make this report meaningless.

Below are 4 sales & 7 leases signed around the Auckland region.

Sales

CBD

Lorne St

8 Lorne St, basement:
Features: 275m², secondary retail
Outcome: sold for $1.475 million
Agent: Reid McGowan

North-west

New Lynn

72 Delta Avenue:
Features: 1200m² standalone building
Outcome: sold to a dance studio for $1.875 million + gst
Agents: Mike Edward & Daniel Speck

South

East Tamaki

15 Bishop Lenihan Place, unit 22:
Features: 102m², live/work unit, 2 stacked parking spaces
Outcome: sold for $477,725
Agents: David Turner & Reid McGowan

Papatoetoe

260 Puhinui Rd:
Features: 8051m² site, 3664m² building
Outcome: sale & leaseback, price confidential
Agents: Mike Edward, Mark Bramwell & Reid McGowan

Leases

Isthmus east

Penrose

Part 323 Church St:
Features: 600m² car yard
Rent: leased to a car dealership for $75,000/year net + gst
Agent: Willie Fernandes

100 Gavin St:
Features: 3171m² warehouse, 1800m² yard, leased to an international tenant
Rent: $455,242/year net + gst
Agent: Danny Guise

22 Industry Rd, unit 2:
Outcome: sold to an investor for $875,000
Agent: Kerry McGuffog

Isthmus west

Avondale

12A Saunders Place:
Features: 698m² warehouse & office
Rent: leased for $93,000/year on a long term to a local Rosebank Rd business at the full asking rental
Agents: Tom Cooper & Mark Bramwell

South

Drury

4 Creek St:
Features: 2000m² yard, 700m² warehouse
Rent: leased for $105,000/year net + gst
Agents: Mark Bramwell & Brad Rathbun

Mangere

50 Andrew Baxter Drive:
Features: 1800m² site, 1080m² warehouse & office
Rent: leased for $175,000/year net + gst
Agents: Danny Guise & Mike Edward

Manurewa

Part 239 Browns Rd:
Features: 1200m² warehouse
Rent: leased to an international tenant for $120,000/year net + gst
Agent: Brad Rathbun

Attribution: Agency release.

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4 industrial sales & 10 leases

Commercial Realty Ltd agents have completed 4 industrial sales for over $50,000, also leased one of those properties and signed another 9 leases since April. The agency specialises in industrial & commercial property. I haven’t gone back to determine the types of property in each transaction.

Sales

Isthmus east

St Johns

145F Morrin Rd:
Features: 91m²
Outcome: sold for $350,000 + gst
Agent: David Turner

South

East Tamaki

29F Neilpark Drive:
Features: 100m²
Outcome: sold for $320,000 + gst
Agent: David Turner

South of the Bombays

Manawatu

Levin

16-20 Roe St:
Features: 1315m²
Outcome: sold for $2.45 million + gst, leased for $175,000/year + gst
Agent: John Lee

Waikato

Pokeno

Gateway Business Park:
Features: 11,000m² of land
Outcome: sold for $2.439 million + gst
Agent: Mark Bramwell

Leases

Isthmus east

Mt Wellington

24R Allright Place:
Features: 485m²
Rent: leased for $56,000/year + gst
Agent: Danny Guise

Onehunga

14 Angle St:
Features: 575m²
Rent: leased for $78,000/year + gst
Agent: Danny Guise

Penrose

Part 8-12 Greenpark Rd:
Features: 1460m²
Rent: leased for $185,000/year + gst
Agents: Danny Guise & Willie Fernandes

373 Neilson St:
Features: 2598m²
Rent: leased for $435,476/year + gst
Agent: Willie Fernandes

Isthmus west

Mt Roskill

62-68 Carr Rd:
Features: 1050m²
Rent: leased for $76,800/year + gst
Agent: Reid McGowan & Willie Fernandes

South

East Tamaki

110D Cryers Rd:
Features: 309m²
Rent: leased for $52,000/year + gst
Agent: David Turner

Mangere

17 Aintree Avenue:
Features: 1100m²
Rent: leased for $150,000/year + gst
Agent: Kerry McGuffog

Part 38 Richard Pearse Drive:
Features: 1566m²
Rent: leased for $195,000/year + gst
Agents: Mike Edward, Reid McGowan & Willie Fernandes

Papakura

40-52 Hunua Rd:
Features: 1000m²
Rent: leased for $123,575/year + gst
Agent: Mark Bramwell

Attribution: Agency release.

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Takanini sale & 5 southern leases

Commercial Realty agents, who specialise in South Auckland industrial & office property, have sold a vacant Takanini site and competed 5 leases.

South

Sale

Takanini

26 Inlet Rd:
Features: 2707m² vacant site
Outcome: sold for $1 million
Agents: Mark Bramwell & Nigel Ingham

Leases

Airport precinct

80 Richard Pearse Drive, unit J:
Features: 496m² factory
Rent: $75,144/year
Agent: Kerry McGuffog

East Tamaki

6 Sparky Rd:
Features: 120m² office, 3000m² yard
Rent: $100,000/year
Agent: David Turner

Mangere

40 Ascot Rd:
Features: 400m² industrial unit
Rent: $46,800/year
Agent: Kerry McGuffog

Wiri

18 Ash Rd, unit D:
Features: 690m² industrial building
Rent: $58,650/year
Agents: Mark Bramwell & Mike Grace

123 Kerrs Rd:
Features: 622m² industrial unit
Rent: $65,000/year
Agent: John Lee

Attribution: Agency release.

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2 industrial sales & 10 leases

Commercial Realty agents have completed 2 sales & 10 leases.

Sales

South

Airport Oaks

17 Andrew Baxter Drive:
Features: 4045m² site, 1500m² standalone industrial building, potential for expansion
Outcome: sold to an investor for $3.2 million at the equivalent of a 5.9% yield on existing rent
Agents: Mark Bramwell & John Lee

East Tamaki

11D Blackburn Rd:
Features: 1100m² vacant industrial building,
Outcome: sold to an owner-occupier for $2.04 million
Agent: David Turner

Leases

Isthmus east

Mt Wellington

66 Lunn Avenue:
Features: 636m² industrial unit
Rent: $82,300/year
Agent: Kerry McGuffog

Onehunga

123 Arthur St:
Features: 1470m² standalone industrial building
Rent: $114,000/year
Agent: Willie Fernandes

69 Captain Springs Rd:
Features: 2 leases over a total metalled yard area of 6000m²
Rent: combined $154,000/year
Agent: Danny Guise

South

Airport Oaks

9 Brigade Rd, factory 1:
Features: 330m² factory
Rent: $37,200/year
Agent: Kerry McGuffog

East Tamaki

38 Andromeda Crescent, unit 7:
Features: 186m² industrial unit
Rent: $22,000/year
Agent: David Turner

29 Neil Park Drive, unit G:
Features: 130m² industrial unit
Rent: $18,200/year
Agent: Mike Grace

Wiri

18A Aerovista Place:
Features: 494m² industrial unit,
Rent: $54,000/year
Agent: Kerry McGuffog

18 Ash Rd, unit C:
Features: 741m² industrial building, nearly 3000m² of yard
Rent: $131,980/year
Agents: Mike Grace & Mark Bramwell

10 Keith Hay Drive, unit 4:
Features: 420m² industrial unit
Rent: $49,700/year
Agent: Kerry McGuffog

Attribution: Agency release.

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