Latest Commercial Sales & Leases

Ellerslie

3/38 Eaglehurst Rd:
Features: 528m² unit – 289m² warehouse, 174m² office, 65m² mezzanine
Outcome: sold vacant for $815,000

Penrose

968 Great South Rd:
Features: 6748m² industrial complex on 1.234ha, fully occupied by Pacific Coilcoaters, which uses the facility to colour-coat long-run roofing iron, on 9-year lease from April 2011, with one 6-year right of renewal
Rent: $517,918/year net + gst
Outcome: sold by DNZ Property Fund Ltd for $6.8 million at a 7.6% yield
356 Church St:
Features: 3877m² business 5-zoned site, 2823m² industrial building – 1909m² warehouse, 913m² office, limited yard area
Outcome: sold vacant for $3.25 million

726 Great South Rd, unit 1:
Features:  413m² industrial unit – 171m² warehouse, 125m²  showroom, 97m² office, 20m²  mezzanine
Outcome: sold vacant for $800,000Onehunga

100-102 Princes St:
Features: 833m² warehouse on 1067m² site, 2 tenants, both on 2-year leases until late 2015
Rent: $66,160/year net + gst
Outcome: sold for $850,000 at a 7.8% yield

58 Princes St/Victoria St:
Features: 686m² warehouse on 674 m² site, tenant on 3-year term until August 2016
Rent: $65,000/year net + gst
Outcome: sold for $832,000 at a 7.8 % yield

Lease

Mt Wellington

102A Carbine Rd:
Features: 2700m² industrial building – 2200m²  warehouse, 500m² office, leased for 6 years with 3 2-year rights of renewal
Rent: $185,000 first year; $220,000 second year; $220,000 plus CPI third year; CPI increases subsequent years
Attribution: Agency release.

Posted in News & Articles | Leave a reply

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>