Tag Archives | Rosedale

3 B-hive suites & 4 Rosedale units leased

Bayleys agents have leased 3 offices & an industrial unit around Rosedale on the North Shore, and 3 office suites in the B-hive at Smales Farm (pictured), where leasing & spaces are flexible.

Leases

North-east

Rosedale

100 Bush Rd, building E:
Features: 27m² office, parking space
Rent: leased in October for $13,000/year net + gst
Agent: Caroline McNaught

12 John Glenn Avenue, unit B:
Features: 545m² industrial unit – warehouse 412m², showroom 71m², office 62m², 7 parking spaces
Rent: leased in October for $88,000/year net + gst
Agent: Laurie Burt

4 Ride Way, unit A:
Features: 362m² office unit – warehouse 107.2m², office 234m², mezzanine 21.2m², 6 parking spaces
Rent: leased in October for $64,000/year net + gst
Agents: Caroline McNaught, James Kidd & Laurie Burt

15-17 William Pickering Drive, part unit A:
Features: 228m² office, 3 parking spaces
Rent: leased in September for $60,480/year net + gst, parking $15/space/week, rental excluding parking $58,140/year, premises rental $255/m²
Agents: Tonia Robertson & Laurie Burt

Smales Farm

B-hive, 68-76 Taharoto Rd, level 4, suite 403:
Features: 90m² office suite
Rent: office leased in October for $181,372/m² + gst (B-hive leases are flexible)
Agent: Dean Gilbert-Smith

B-hive, 68-76 Taharoto Rd, level 4, suite 405:
Features: 162m² office suite
Rent: office leased in October for $319,097/m² + gst (B-hive leases are flexible)
Agent: Dean Gilbert-Smith

B-hive, 68-76 Taharoto Rd, level 4, suite 416:
Rent: office leased in October for $165,005/m² + gst (B-hive leases are flexible)
Agent: Dean Gilbert-Smith

Attribution: Agency release.

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Sale & 5 leases on Shore & Silverdale

Bayleys agents on the North Shore have reported an office unit sale on Corinthian Drive, Albany, and 5 lease agreements signed in the last 2 weeks.

North-east

Sales

Albany

75 Corinthian Drive, unit D1:
Features: 169.8m² office unit + 13.68m² balcony, 5 parking spaces, tenant Thompson & Clark Investigations Ltd
Rent: $55,000/year net + gst
Outcome: sold this week for $950,000 at a 5.79% yield
Agents: Jane McKee & Caroline McNaught

Leases

Rosedale

14 Airborne Rd, unit 5:
Features: 150m² industrial unit
Rent: leased in September for $28,500/year net + gst
Agents: Ian Waddams & Harcourts

11 Piermark Drive, unit B:
Features: 253.1m² industrial unit – warehouse 144.8m², showroom 53.6m², office 54.7m², 5 parking spaces
Rent: leased last week for $48,000/year net + gst
Agents: Laurie Burt & James Kidd

11 Piermark Drive, unit F:
Features: 296m² industrial unit, 5 parking spaces
Rent: leased this week for $51,000/year net + gst
Agents: Matt Mimmack & Bayleys Auckland

Silverdale

150 Foundry Rd, unit E1:
Features: 75m² office unit 2 parking spaces
Rent: leased last week for $16,500/year net + gst
Agent: Rosemary Wakeman

Wairau Valley

18 Link Drive, unit 19:
Features: 848m² retail unit – 634m² retail, 214m² other area, 20 parking spaces
Rent: leased last week for $150,000/year net + gst
Agents: Steven Liu, Meng He & Trevor Duffin

Attribution: Agency release.

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2 leases in Rosedale & Takapuna

Bayleys agents on the North Shore have leased a Rosedale industrial & office unit and an office suite in Takapuna.

Leases

North-east

Rosedale

11 Piermark Drive, unit L:
Features: 252m² industrial & office unit – office 193.4m², warehouse 59.1m², 5 parking spaces
Rent: leased in September for $53,840/year net + gst
Agent: Laurie Burt

Takapuna

20 Northcroft St, suite 1:
Features: 65m² office, parking space
Rent: leased in September for $18,340/year net + gst, parking $45/space/week, rent excluding parking $16,000/year, premises rental $246/m²
Agents: Ian Waddams & Caroline McNaught

Earlier story:
23 September 2018: Updated: Sub-5% on 3 properties sold at Bayleys commercial auctions, one further sale in September

Attribution: Agency release.

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Bombay Hills retail space among 4 new leases

Bayleys agents have leased 2 office & industrial units on the North Shore and 2 retail units in South Auckland, including a quarter of the space in the retail & café property beside the BP Bombay Hills service centre.

North-east

Forrest Hill

97 Sunnynook Rd:
Features: 100m² office, 8 parking spaces
Rent: leased in September for $36,000/year net + gst, parking $20/space/week; rental excluding parking $27,680/year, premises rental $277/m²
Agents: Terry Kim

Rosedale

59 Paul Matthews Rd, unit 6:
Features: 220.1m² industrial unit – office 57.6m², warehouse 55.4m², showroom 56.9m², other area 50.2m²; 3 parking spaces
Rent: leased in September for $36,300/year net + gst
Agent: James Kidd

South

Bombay

216 Mill Rd:
Features: 666m² retail
Rent: leased in September for $52,000/year net + gst, premises rental $78/m²
Agents: Dev Choudhury & Damian Stephen

Burswood

290 Ti Rakau Drive, unit 4:
Features: 110m² retail unit, 5 parking spaces
Rent: leased in September for $53,000/year net + gst
Agents: Meng He & Steven Liu

Attribution: Agency release.

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Tauriko building leads Colliers sales


Colliers sold 2 industrial & commercial properties in Nelson and at the Tauriko business estate (pictured) outside Tauranga last week. In Auckland, the agency has sold a warehouse & an industrial property with a high office component in Rosedale.

Yields were around 5.2% & 5.9%, but below 5% at Tauriko.

North-east

Rosedale

44 Arrenway Drive:
Features: 3972m² site, 3715m² warehouse & office
Outcome: sold for $13,117,116 + gst, at a 5.88% yield
Agents: Matt Prentice & Shoneet Chand

13 William Pickering Drive:
Features: 6813m² industrial property, 1933m² floor area – 904m² of offices on ground & first floors, warehouse 984m², dock 45m², 36 parking spaces
Outcome: sold for $11.4 million + gst, at a 5.24% yield
Agents: Shoneet Chand, Matt Prentice & Josh Coburn

South of the Bombays

Bay of Plenty

Tauranga, Tauriko business estate

47 Paerangi Place:
Features: 3988m² site, dual frontage, 2296m² building constructed in 2016, 517m² canopy, 18 parking spaces
Rent: $261,738.75/year net estimated rent from 2 tenants starting 1 November, CPI + 1% annual rent reviews
Outcome: sold at auction last Friday for $5.4 million + gst, at a 4.85% yield
Agents: Simon Clark, Rob Schoeser & Doug Russell

South Island

Nelson

76-82 St Vincent St:
Features: 3826m², 15-year ground lease to service station operator NPD; construction of the self-serve station is underway, with an estimated pump date of late November
Rent: $118,125/year net + gst, 1.75%/year fixed increases
Outcome: sold at auction last Thursday for $2.03 million + gst, at a 5.8% yield
Agents: Sam Staite & Geoff Faulkner

Attribution: Agency release.

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2 sales & 8 leases for Shore agents

Bayleys North Shore agents have sold a development site & a new shop in Albany and leased 7 industrial & office units around the Shore plus one in Penrose.

Sales

North-east

Albany

1 William Laurie Place:
Features: 2341m² of vacant business development land
Outcome: sold in September for $2.2 million + gst at $940/m²
Agent: Owen Ding

25 Don McKinnon Drive, unit B3:
Features: 41m² shop built this year, one exclusive parking space + shared
Outcome: sold in September with vacant possession for $591,250 + gst
Agent: Eddie Zhong

Leases

Isthmus east

Penrose

531 Great South Rd, rear warehouse, tenancy 8:
Features: 550m² industrial unit
Rent: leased in September for $66,000/year net + gst, premises rental $120/m²
Agent: Brian Caldwell

North-east

Rosedale

13 Lovell Court, unit B3:
Features: 100m² office unit, 2 parking spaces
Rent: leased in September for $16,000/year net + gst
Agent: Ian Waddams

20 Parkway Drive, unit C:
Features: 172m² industrial unit – warehouse 91m², office 51m², mezzanine 30m², 2 parking spaces
Rent: leased in September for $28,000/year net + gst
Agents: Trevor Duffin & James Kidd

7 Vega Place, unit C:
Features: 114m² industrial unit – warehouse 67m², office 47m², 2 parking spaces
Rent: leased in September for $21,000/year net + gst
Agent: Laurie Burt

Takapuna

41 Taharoto Rd, tenancy E:
Features: 20.6m² office
Rent: leased in September for $7000/year net + gst, premises rental $340/m²
Agent: Caroline McNaught

Wairau Valley

89 Ellice Rd, unit 4B:
Features: 125m² industrial unit, 2 parking spaces
Rent: leased in September for $29,000/year net + gst
Agents: Adam Watton & Adam Curtis

77 Porana Rd, unit 18:
Features: 209.44m² industrial unit – warehouse 137.11m², office 72.33m², 3 parking spaces
Rent: leased in September for $32,000/year net + gst
Agent: Trevor Duffin

128 Sunnybrae Rd:
Features: 404m² industrial unit- warehouse 263m², office 141m², 10 parking spaces
Rent: leased in September for $51,000/year net + gst
Agent: Anna Radkevich

Attribution: Agency release.

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3 industrial sales & 5 leases in mix of premises

Published 9 September 2018
Bayleys North Shore agents have sold 3 properties at the start of September – 2 industrial lots in the Highgate business park at Silverdale, a Wairau Valley warehouse & office, and an Otara property occupied by a Gull service station.

They’ve also secured 5 new leases in Henderson, Milford, Rosedale & Silverdale.

Click the link below to check out the separate item on service station sales, including the Otara sale.

Sales

North-east

Silverdale

Highgate business park, Emirali Rd, lots 5 & 6:
Features: 4593m² industrial lots – lot 5 2312m², lot 6 2281m²
Outcome: sold in September for $2.5 million + gst at $544/m²
Agent: Rosemary Wakeman

Wairau Valley

77 Porana Rd, unit 18:
Features: 209m² industrial unit – warehouse 139m², office 70m², 3 parking spaces
Outcome: sold in September with vacant possession for $615,000 + gst
Agents: Trevor Duffin & Matt Mimmack

South

Otara

263 East Tamaki Rd:
Features: 3075m² mixed-use property occupied by Gull service station, 1395m² structures
Rent: $247,173/near net + gst
Outcome: sold for $4.3 million + gst at a 5.75% yield, $1398/m² land price
Agents: Terry Kim, Eddie Zhong & Tony Chaudhary

Leases

North-east

Milford

166 Kitchener Rd, suite H:
Features: 18m² office
Rent: leased in September for $4673/year net + gst, premises rental $260/m²
Agents: Ian Waddams & Ildy Meixner

Rosedale

33 Apollo Drive, unit 8:

Features: 234m² office unit, 7 parking spaces
Rent: leased in August for $64,000/year net + gst, parking $20/space/week, rental excluding parking $56,720/year net + gst, premises rental $242/m²
Agent: Alex Strever

34 William Pickering Drive, unit B:
Features: 597m² industrial unit – warehouse 446.1m², office 81.3m², retail 51.9m², other area 14.5m², 11 parking spaces
Rent: leased in September for $90,000/year net + gst
Agents: Laurie Burt & Matt Mimmack

Silverdale

30 Foundry Rd, unit 1:
Features: 670m² industrial unit – warehouse 477m², showroom 76m², office 106m², amenities 11m², canopy 31m², 11 parking spaces, in the 9000m² first stage of a new development on a 17,920m² site by Collabor8 Property Ltd (Euan Armstrong, Wayne Boocock & Gavin Brannigan)
Rent: leased in September for $127,070/year net + gst
Agents: Rosemary Wakeman

North-west

Henderson

Part 122-134 Lincoln Rd:
Features: 956m² industrial yard
Rent: leased in September for $28,000/year net + gst
Agents: Steven Liu & Meng He

Related story today: Chaudhary notches up fuel station sales

Attribution: Agency release.

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First Total Property 6 sales at Rosedale, Taupiri & Te Rapa

Published 7 September 2018
Bayleys has registered the first sales from its Total Property 6 auction campaign – a Rosedale Plaza unit, a former Taupiri candy factory and 2 adjoining sites at Te Rapa.

The 2 Te Rapa sites (pictured above) were sold by different owners to the same buyer at $1151-2/m², and the Rosedale property on a 5.3% yield at an auction brought forward.

The Taupiri factory was sold under the hammer last week.

North-east

Rosedale

Rosedale Plaza, 215 Rosedale Rd, unit 8:
Features: 208m² of retail, mezzanine office & warehouse/storage space, rear roller door access, 4 exclusive parking spaces; 5-year lease from September 2016, plus 2 3-year rights of renewal, to specialist fishing equipment & apparel retailer West Shell
Rent: $45,000/year net + gst
Outcome: sold for $850,000 at a 5.29% yield
Agents: Adam Curtis, Damian Stephen & Adam Watton

South of the Bombays

Waikato

Hamilton

1000 Te Rapa Rd:
Features: 1507m² development site, 430m² of buildings near The Base shopping centre in Hamilton’s fastest growing retail & industrial area, home to fruit & vege business for 30 years
Outcome: sold with vacant possession for $1.735 million
Agents: Mike Swanson & Alex ten Hove

1006 Te Rapa Rd
Features: 1021m² site, 190m² building accommodating an automotive repair business for 35 years; adjoining 1000 Te Rapa Rd and bought by the same buyer
Outcome: sold with vacant possession for $1,176,618
Agents: Mike Swanson & Alex ten Hove

Taupiri

The ex-Candyland factory at Taupiri.

75 Henry Rd:
Features: 1.8ha site, 3720m² industrial complex including about 1200m² of pallet racked coolstores & a large rapid cooler; originally a cheese & dairy factory, expanded in the 1980s and repurposed into the Candyland candy-making factory & tourist attraction
Outcome: sold with vacant possession for $1.05 million
Agents: Mike Swanson & Alex ten Hove

Attribution: Agency release.

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Highgate business park site at Silverdale sells

Published 2 September 2018
A half-hectare lot in the Highgate Business Park at Silverdale has been sold by Bayleys agents for $500/m², one of 2 sales & 3 leases in the agency’s latest report for August.

The newly developed business park lies between Wainui Rd & the Northern Motorway, beside the new Millwater residential subdivision.

A house converted to office on the fringe of Takapuna’s central business area has been sold, and industrial units in Browns Bay & Rosedale plus an office unit in Albany have been leased.

North-east

Sales

Silverdale

Highgate Business Park, lot 11:
Features: 5246m² of land zoned light industrial, fully serviced
Outcome: sold for $2.623 million + gst at $500/m²
Agents: Matt Mimmack & Rosemary Wakeman

Takapuna

3A Burns Avenue:
Features: 727m² site on fringe of Takapuna’s central business area, 110m² office in converted house, 4 parking spaces
Outcome: sold vacant for $2.9 million + gst
Agents: Damian Stephen, Alex Strever, Michael Nees & Bayleys Residential

Leases

Albany

9G Lovell Court:
Features: 60m² ground-floor office, 2 parking spaces
Rent: $16,000/year net + gst, parking $20/space/week, rental excluding parking $13,920, premises rental $232/m²
Agents: David Han & Ian Waddams

Browns Bay

751 Beach Rd, unit C & D:
Features: 190m² refurbished industrial unit divided into 2 separate workspaces – office 25m², yard 165m², 3 parking spaces
Rent: $34,000/year net + gst
Agents: Chris White & Trevor Duffin

Rosedale

9 Tait Place, unit A2:
Features: 108m² air-conditioned warehouse unit, high stud, automatic roller doors, private meeting room, 2 parking spaces
Rent: $28,000/year net + gst
Agents: Terry Kim & Ian Waddams

Attribution: Agency release.

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4 sales & 2 leases for Shore agents

Bayleys commercial agents on the North Shore have sold 3 Rosedale properties and one in Takapuna, and signed up 2 leases.

North-east

Sales

Rosedale

43 Omega St, unit 1B:
Features: 190m² office unit, 5 parking spaces
Outcome: sold vacant this week for $745,000 + gst
Agents: Alex Strever, Ildy Meixner and Barfoot & Thompson

10 Orbit Drive, unit A:
Features: 1097m² industrial unit occupied by Cellnet Ltd – warehouse 838m², office 258m², canopy 40m², 15 parking spaces
Rent: $160,000/year net + gst
Outcome: sold in August for $3.375 million + gst at a 4.74% yield
Agents: Matt Mimmack & Laurie Burt

13 Piermark Drive, unit D:
Features: 527m² industrial unit – warehouse 410m², office 117m², 9 parking spaces
Outcome: sold for $1.55 million + gst
Agents: Matt Mimmack & James Kidd

Takapuna

1 Shea Terrace:
Features: 1012m² site, 660m² office building, 18 parking spaces, Waitemata District Health Board occupies top floor
Rent: rent from health board $102,620/year net + gst; notional rent $203,840/year net + gst; vendor underwrite option on recently vacated ground floor of $101,220/year net + gst not taken up by buyer
Outcome: sold part-vacant in August for $3.55 million + gst at a 5.74% yield
Agents: Michael Nees, Damian Stephen, Adam Curtis & Adam Watton

Leases

Rosedale

5 Parkhead Place:
Features: 649m² industrial property, 12 parking spaces
Rent: leased in August for $90,000/year net + gst
Agents: Matt Mimmack & Laurie Burt

Wainui

543 Waitoki Rd:
Features: 1000m² industrial yard, container area 450m²
Rent: leased in August for $31,900/year net + gst
Agents: Rosemary Wakeman & Laurie Burt

Attribution: Agency release.

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