LEARN HOW TO INVEST IN COMMERCIAL PROPERTY

COMMERCIAL PROPERTY RETURNS UP TO DOUBLE COMPARED TO RESIDENTIAL

14 & 16-18 St Johns Rd Meadowbank (See photo below)
Features: 493m² 2-level character building on a 444m2 site, in 2 equal titles, 3 retail tenants on ground floor, office space & flats above
Rent: $140,000/year net + gst
Outcome: sold for $2.7 million at a 6.4% yield

Kingsland
332 New North Rd:
Features: 326m2 development site zoned mixed use
Outcome: sold for $910,000 at $2791/m2

Mt Albert
43A Linwood Avenue, units 1A and 1B:
Features: 2 units totalling 764m2 – vacant 412m2 ground-floor warehouse unit, 351m2 under-rented first floor with final lease expiry in September, 8 parking spaces
Rent: $44,200/year gross + gst
Outcome: sold for $1.34 million

Mt Eden
15 Mont Le Grand Rd:
Features: 2 houses converted for commercial use on 688m2 site zoned residential 5, 2-year lease in place to a charitable trust
Outcome: sold for $1.43 million at a 3.5% yield, reflecting underlying land value

390 Mt Eden Rd:
Features: Large 2-storey house, to be converted  back from offices to residential use, on 1122m2 corner site
Outcome: sold for $2.51 million

3-7 & 9 Tawari St (pictured at top):
Features: 2 warehouse & office buildings of 1100m2 & 323m2 on 1489m2 site zoned mixed use, 4-year lease over both premises from April 2015 to Saito Labels Ltd which has been there for 18 years
Rent: $248,000/year net + gst
Outcome: sold for $4.05 million at a 6.1% yield

Bob DeyCOMMERCIAL PROPERTY RETURNS UP TO DOUBLE COMPARED TO RESIDENTIAL -LEARN HOW TO INVEST FROM US

14 & 16-18 St Johns Rd Meadowbank (See photo below)
Features: 493m² 2-level character building on a 444m2 site, in 2 equal titles, 3 retail tenants on ground floor, office space & flats above
Rent: $140,000/year net + gst
Outcome: sold for $2.7 million at a 6.4% yield

Kingsland
332 New North Rd:
Features: 326m2 development site zoned mixed use
Outcome: sold for $910,000 at $2791/m2

Mt Albert
43A Linwood Avenue, units 1A and 1B:
Features: 2 units totalling 764m2 – vacant 412m2 ground-floor warehouse unit, 351m2 under-rented first floor with final lease expiry in September, 8 parking spaces
Rent: $44,200/year gross + gst
Outcome: sold for $1.34 million

Mt Eden
15 Mont Le Grand Rd:
Features: 2 houses converted for commercial use on 688m2 site zoned residential 5, 2-year lease in place to a charitable trust
Outcome: sold for $1.43 million at a 3.5% yield, reflecting underlying land value

390 Mt Eden Rd:
Features: Large 2-storey house, to be converted  back from offices to residential use, on 1122m2 corner site
Outcome: sold for $2.51 million

3-7 & 9 Tawari St (pictured at top):
Features: 2 warehouse & office buildings of 1100m2 & 323m2 on 1489m2 site zoned mixed use, 4-year lease over both premises from April 2015 to Saito Labels Ltd which has been there for 18 years
Rent: $248,000/year net + gst
Outcome: sold for $4.05 million at a 6.1% yield

Bob Dey

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