Key Assets Issue 2 OUT NOW


Key Assets Issue 2 OUT NOW

Business remains good around the country with a steady flow of transactions has enabled continued growth of our key commercial management divisions in Auckland, Hamilton and Christchurch.

In the second NAI Harcourts Key Assets commercial property portfolio for 2018, General Manager Tony Kidd says, “In the main centres, we are seeing an ongoing tightening of the leasing markets, with continual changes as a result of the advancement of technology and workplace change thinking.

Investment properties with strong tenant covenants continue to be in high demand.”

In this issue of Key Assets, we hear from industry leaders from Spark NZ and Gaze Commercial who are leading the way by using innovation and technology to give them a competitive edge. As well as that we hear from ASB economists who deliver us ‘The NZ property market in a global context.’

We also bring you a variety of properties to the market, including the likes of a highly sought-after retail complex in Kitchener Road in Milford which is to be sold by deadline private treaty and a block of seven retail tenancies in Lake Road, Takapuna which is to be sold by auction.

Lake Road

461-467 Lake Road, Takapuna. This multi-tenanted road-front retail complex in the heart of Takapuna is now available after being held by the current owners for 34 years; it is now time for fresh eyes on this single-level retail complex, which offers everything buyers are seeking including six tenancies, large 451m² freehold site and on-site car parks. With a CV of $3.3m and total net income of $133,154 p.a. (+GST) approx., it is in the sweet spot for a number of investors looking to secure a bricks-and-mortar investment and keep ahead of bank deposit rates. Such an opportunity is available, which is offered for sale by NAI Harcourts and is being sold by way of auction on Thursday 23 August at 1pm.

Kitchener 1

145-147 Kitchener Road, Milford. The property has a history of full occupancy and there are 11 tenancies and 10 tenants providing income security.  Current net income is $262,525 and when the vacant retail space is leased has the potential for returning to over $280,000. The Auckland Unitary Plan Zoning (operative in part), is favourable from a permitted use and height perspective. All pointing to a safe bet for both the short and long-term. Situated next door to New World and occupying a large freehold title of some 758m² with three sides that have a roadway boundary, it was developed with two main components; one is the retail portion at the Kitchener Road facing side with seven retail tenancies and at the rear is a commercial building with office and hospitality tenants.  The seismic rating based on an ISA Seismic report has a rating of 100% for the front retail properties and 95% on the rear commercial building. is for sale by deadline treaty with offers closing at 4pm Wednesday 22 August 2018 (unless sold prior).

  • A digital version of Key Assets is available HERE

NAI Harcourts,

Commercial Property,

Key Assets

Popular Listings

  • Takapuna Warehouse/Workshop – 535m²
    Superbly positioned on Barrys Point Road, only 3 minutes north of the Harbour Bridge, this 535m² warehouse/workshop is available now on new lease. The premises offer a split level combination of warehouse space and lower stud workshop or light manufacturing areas with access via two full height roller doors, good size mezzanine storage area plus separate office and amenities. Large rear yard with parking for 7+ cars. Key features: - Dual roller door access - Ample yard space - High and low stud storage - Easily Accessible - Available now Call now to arrange an inspection of this exceptional opportunity.
  • High Profile Takapuna Showroom – 913m²
    Situated in the heart of sought after Barrys Point Road in Takapuna, these very smart road front showroom premises are available now on a new lease for the first time in 10 years! Offering wide street frontage with excellent exposure and large front yard for display purposes or customer parking, this building has been extensively renovated. Internal layout provides for a spacious open plan high stud showroom, open mezzanine suited for display or storage, amenities and kitchenette plus lower level warehouse storage or internal covered parking. Comprising retail showroom/amenities of approx 521m², mezzanine display/storage 177m² and lower level warehouse/garage of 215m² the premises include 6 car parks on the front yard plus 2 at the rear. Only 3 minutes north of the Harbour Bridge, Barrys Point Road is home to many outdoor sports, trade retail, automotive, furniture and service retail type uses. Call now to arrange an inspection of this exceptional opportunity.
  • Takapuna Warehouse/Workshop – 544m²
    Superbly positioned on Barrys Point Road, only 3 minutes north of the Harbour Bridge, this 544m² warehouse/workshop is available now on new lease. The premises offer a split level combination of warehouse space and lower stud workshop or light manufacturing areas with access via two full height roller doors, good size mezzanine storage area plus separate office and amenities. Large rear yard with parking for 7+ cars. Key features: - Dual roller door access - Ample yard space - High and low stud storage - Easily Accessible - Available now Call now to arrange an inspection of this exceptional opportunity.
  • Multi-tenanted Investment – Attractive Yield.
    This freehold Milford property is an absolute winner given its location, multiple tenancies and future re-development potential. Milford is in demand from tenants and investors alike. Situated next door to New World Supermarket this regular-shaped freehold site of 758m² (more or less) is zoned Business Town Centre allowing development up to 18 metres in height. Offering investors a potential rental of approximately $299,000pa + OPEX and GST there are 11 tenancies including retail, hospitality and offices. The seismic rating is 100% NBS on the retail portion and 95% NBS on the office. Multi tenanted and offering split risk, properties like this are keenly sought after, call today for more information. For sale by negotiation.
  • The Top Spot on Victoria Road
    Available for lease is a stunning retail shop consisting of approximately 83m² plus shared bathroom facilities with the tenancy directly behind. Positioned with fantastic exposure, located in the heart of Devonport's bustling town centre this space is ideal for a variety of uses. Take advantage of the high foot traffic and growing popularity of Devonport as a seaside destination for locals and visitors alike. This is a superb opportunity to get a prime position for the up and coming Americas Cup. Floor area: 83m² (approx.) plus a share in bathroom facilities. Features: - Wide street frontage - Light and bright retail tenancy - Close proximity to Devonport wharf - Generous street parking - Great foot traffic - Available now For more information and an appointment to view this well appointed space, please contact the SOLE AGENTS at NAI Harcourts today.
  • Takapuna Retail Showroom and Warehouse – Barrys Point Rd
    Situated in the heart of sought after Barrys Point Road in Takapuna, these large retail showroom, warehouse and office premises totalling approx. 1,462m² are available on a new lease from September 2020. Offering wide street frontage with excellent exposure and large front yard for display purposes or customer parking this building has been occupied for the last 10+ years as a successful Motorcycle Dealership providing sales, accessories and service facilities. Comprising retail showroom of approx 524m², mezzanine office 186m² and warehousing and storage of 752m² the premises include 6 car parks on the front yard, further 9 at the rear and option for additional basement car parks. Only 3 minutes north of the Harbour Bridge, Barrys Point Road is home to many outdoor sports, trade retail, automotive, furniture and service retail type uses. Call now to arrange an inspection of this exceptional opportunity.