Archive | Knight Frank

Knight Frank sales & leases

Knight Frank agents have completed 2 sales in Christchurch and 6 leases in Auckland, the Bay of Plenty & Christchurch.

Sales

South Island – Canterbury

Christchurch

Middleton

32A Birmingham Drive:
Features: 306m², 2-level office building, 10 parking spaces
Outcome: sold for $900,000 with vacant possession
Agent: Hamish Haddow

Sockburn

33 Nga Mahi Rd, unit 8:
Features: industrial unit – 112m² warehouse, 57m² showroom & offices, 4 parking spaces, seismic rating 75% of new building standard
Outcome: sold for $365,000 with vacant possession
Agent: Sam Stone

Leases

Isthmus east

Greenlane

253 Great South Rd, part level 1, office 2:
Features: new serviced office, open plan area with hot desks, access to shared breakout space, meeting & boardroom
Rent: leased for $47,020/year net + gst, including 3 parking spaces
Agent: Sophie Dixon

South Island – Canterbury

Christchurch

CBD

77 Tuam St, unit 4:
Features: 68m², ground-floor retail unit, mezzanine, parking space
Rent: undisclosed
Agent: Tom Lax

Riccarton

251 Blenheim Rd, unit 5:
Features: 87.52m² showroom & office, 132.47m² warehouse, 4.9m² storage, 6 parking spaces
Rent: leased for $35,000/year net + gst + opex
Agent: Terry Connolly

South of the Bombays

Bay of Plenty

Mt Maunganui

4 Aerodrome Rd, units 9 & 10:
Features: 1050m², high-spec warehouse & office, yard & parking
Rent: new 10-year lease, $103,000/year net + outgoings + gst
Outcome:
Agent: Myles Addington

2 Boeing Place, unit 1:
Features: 111m² industrial unit
Rent: leased for $19,450/year + opex + gst
Agent: Myles Addington

Papamoa

43 Enterprise Drive, units 2 & 3:
Features: 229m², warehouse & office unit, yard & parking
Rent: $30,000year net + outgoings + gst
Agent: Myles Addington

Attribution: Agency release.

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Grey Lynn warehouse + apartment sells

Knight Frank agents have sold a Grey Lynn warehouse with apartment on top (with Ray White Ponsonby) and a Christchurch warehouse, and secured 2 Christchurch leases.

Sales

Isthmus west

Grey Lynn

15 Nixon St:
Features: 290m² site, 239m² warehouse/office, with 292m² apartment
Outcome: sold for $2.6 million
Agents: Rick Kermode (Knight Frank) & Tony Warren (Ray White Ponsonby)

South Island

Christchurch

Northcote

114 Sawyers Arms Rd, unit 5:
Features: 197m² high stud warehouse, 132m² showroom/office, 6 parking spaces,
Outcome: sold with vacant possession for $675,000
Agents: Craig Edwards & Murray Madgwick

Leases

South Island – Canterbury

Christchurch cbd

237 Kilmore St, part level 1:
Features: 96m² office
Rent: $30,000/year net + gst + opex
Agent: Tom Lax

Papanui

62 Langdons Rd, ground floor:
Features: 119m² office, 4 parking spaces
Rent: $40,605/year net + gst + opex
Agents: Campbell Taylor & Hamish Haddow

Attribution: Agency release.

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3 leases signed by Knight Frank

Knight Frank agents have signed a Queen St office lease, another for an East Tamaki warehouse and one for an office in Christchurch.

Leases

CBD

Queen St

99 Queen St, level 4, suite 2:
Features: refurbished office, tenant an immigration consultancy
Rent: confidential
Agent: Sophie Dixon

South

East Tamaki

417 East Tamaki Rd, units D6 & D7:
Features: 776m² high stud warehouse, 2-level office, in a gated development
Rent: confidential
Agents: Michelle Kennard & Josh Franklin

South Island

Canterbury

Christchurch – Riccarton

33 Mandeville St, ground floor unit 8:
Features: 47m² office suite, parking space
Rent: $13,050/year + gst + opex
Agents: Tom Lax & Hamish Haddow

Attribution: Agency release.

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2 commercial leases in Penrose, one in Woolston

Knight Frank agents have completed 3 commercial leases – 2 in Penrose and one in Christchurch.

Leases

Isthmus east

Penrose

33 Maurice Rd, unit 3:
Features: 375m² warehouse, new 25m² office, roller door access, parking
Rent: undisclosed
Agents: Scott Worrall & Damon Wyllie

12-14 Walls Rd, level 2:
Features: 431m² air-conditioned office with existing fitout, 14 parking spaces
Rent: undisclosed
Agents: Damon Wyllie & Michelle Kennard

South Island

Canterbury 

Woolston

55 Kennaway Rd, unit 2:
Features: 2-year-old warehouse – 350m² warehouse, 120m² office, 36m² canopy, 10 parking spaces & container set-down area
Rent: $72,000/year net + gst + opex
Agents: Myles Addington & Campbell Taylor

Attribution: Agency release.

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4 commercial leases in Auckland & Christchurch

Knight Frank agents have secured 4 commercial leases, 2 on the Auckland isthmus and 2 in Christchurch.

Leases

Isthmus east

Ellerslie

130B Main Highway:
Features: 70m² office, storage shed, 4 parking spaces
Rent: $25,000/year net + gst + opex      
Agent: Sophie Dixon

Mt Wellington

1066 Great South Rd, unit R:
Features: 75m² warehouse & amenities, 73m² mezzanine office, 2 parking spaces
Rent: not disclosed  
Agent: Scott Worrall

South Island

Canterbury

Christchurch cbd

137 High St, level 1:
Features: 100.8m² first-floor office, 63.4m² balcony
Rent: $31,971/year net + gst + opex      
Agent: Tom Lax

Halswell

3 Kennedy’s Bush Rd, ground floor unit 3:
Features: 45m² ground-floor office unit, parking space
Rent: $15,000/year net + gst + opex      
Agent: Campbell Taylor

Attribution: Agency release.

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Wigram sale, 6 commercial leases in Auckland & Canterbury

Knight Frank agents have reported a Wigram warehouse sale in Canterbury and 6 commercial leases in Auckland & Christchurch.

Sale

South Island – Canterbury

Wigram

22 Sonter Rd, unit 1:
Features: 470m² warehouse, 180m² office/showroom
Outcome: sold for $1.45 million at a 5.4% yield (market yield 6.5%)
Agent: Craig Edwards

Leases

South

Favona

70 Favona Rd:
Features: 1500m² industrial yard
Agent: Scott Worrall

Papakura

14B Vernon St:
Features: 250m² warehouse unit
Rent: $34,000/year + gst + opex 
Agent: Josh Franklin

South Island – Canterbury

Burnside

41 Sir William Pickering Drive, unit 5:
Features: 74m² ground-floor office unit, 3 parking spaces
Rent: $21,990/year net + gst + opex      
Agent: Campbell Taylor

CBD

48 Fitzgerald Avenue, unit 11:
Features: 347m² warehouse, 246m² showroom, 8 parking spaces
Rent: $82,000/year net + gst + opex      

Agents: Sam Stone & Elliot Clayton

68 Fitzgerald Avenue, part level 1:
Features: 159m² first-floor office tenancy, 4 parking spaces
Rent: $47,909/year net + gst + opex      
Outcome:
Agent: Tom Lax

Innovation Precinct, 181 High St, unit D3:
Features: 99² ground-floor retail tenancy
Rent: $49,005/year net + gst + opex
Agent: Tom Lax

Attribution: Agency release.

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Sale & 4 leases for Knight Frank

Knight Frank has sold an East Tamaki building and secured 4 leases, one in St Johns and the other 3 in Christchurch.

Sale

South

East Tamaki

12-16 Harris Rd:
Features: 4186m² site, 2195m² industrial building
Outcome: sold for $4.75 million with a 2-year leaseback & a yield of 5.6%
Agent: Josh Franklin

Leases

Isthmus east

St Johns

24 Morrin Rd, unit F:
Features: 185m² warehouse, 46m² first-floor office, 35m² ground-floor showroom
Rent: not disclosed
Agents: Scott Worrall & Damon Wyllie

South Island – Canterbury

Christchurch

185 Manchester St, unit 3:
Features: 26m², first-floor office suite
Rent: $16,900/year + gst + opex
Agent: Tom Lax

Middleton

11 Midas Place, unit A:
Features: 135m² warehouse, 30m² showroom/office, 5 parking spaces
Rent: $22,000/year + gst + opex
Agents: Myles Addington & Elliot Clayton

Sydenham

8-12 Battersea St:
Features: 817m² warehouse, 100m² showroom/office, 10 parking spaces
Rent: $82,000/year + gst + opex
Agents: Myles Addington & Elliot Clayton

Attribution: Agency release.

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Sale & 4 leases in Christchurch

Knight Frank agents in Christchurch have sold one office unit in a new Addington development on Lowe St, and have signed 4 leases.

South Island – Christchurch

Sale

Addington

36 Lowe St, unit 5:
Features: 78m² new ground-floor office unit, 2 parking spaces, one unit still available
Outcome: sold for $400,000 at a 7.5% yield
Agent: Tom Lax

Leases

Addington

22 Clarence St:
Features: 2884m² site – 1354m² warehouse, 219m² office & amenities, 27 parking spaces
Rent: $140,000/year net + gst + opex    
Agent: Sam Stone

Rangiora

10 Kingsford Smith Rd:
Features: 1200m² industrial yard, fully fenced
Rent: $13,800/year net + gst + opex
Agent: Craig Edwards

Riccarton

295 Blenheim Rd, unit 3B:
Features: 146m², first-floor self-contained office, 6 parking spaces
Rent: $32,000/year net + gst + opex
Agent: Sam Stone

Richmond

325 Stanmore Rd, unit 3:
Features: 65m² hair salon unit, parking space
Rent: $20,000/year net + gst + opex      
Agent: Campbell Taylor

Attribution: Agency release.

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One Penrose lease & 3 in Christchurch

Knight Frank agents have signed a small industrial lease in Penrose and 3 on warehouses around Christchurch.

Leases

Isthmus east

Penrose

29 Station Rd:
Features: 376m² industrial building, leased to a local tenant
Rent: undisclosed    
Agents: Scott Worrall & Damon Wyllie

South Island – Canterbury

Middleton

317 Blenheim Rd, units 1 & 2:
Features: 2 180m² warehouse units with offices
Rent: $21,000/year each, net + gst + opex
Agents: Murray Madgwick & Greg Bevin

Phillipstown

413 Tuam St:
Features: 526m² showroom/warehouse, 7 parking spaces
Rent: $50,000/year net + gst + opex      
Agent: Sam Stone

Rangiora

346 Flaxton Rd, unit 6:
Features: 265m² high stud warehouse, 35m² showroom/office
Rent: $45,000/year net + gst       
Agent: Craig Edwards

Attribution: Agency release.

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Christchurch leases signed

Knight Frank agents have signed tenants to 3 new office & warehouse leases around Christchurch.

Leases

South Island – Canterbury

Burnside

49 Sir William Pickering Drive, unit 3:
Features: 100m² first-floor office, 4 parking spaces
Rent: $28,310/year net + gst + opex
Agents: Tom Lax & Campbell Taylor

Rolleston

35 Illinois Drive, unit 10:
Features: 113m² warehouse unit with small office
Rent: $15,500/year net + gst + opex
Agent: Myles Addington

Wigram

22 Sonter Place, unit 1:
Features: 470m² warehouse – 180m² office/showroom, parking
Rent: $78,000/year net + gst + opex
Agent: Craig Edwards

Attribution: Agency release.

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