Archive | Papamoa

8 Bay of Plenty commercial sales

8 commercial premises around the Bay of Plenty have been sold over the summer by Bayleys agents.

Bay of Plenty

Greerton

108 Chadwick Rd:
Features: 528m2 residentially zoned site, 160m2 north-facing former residential building consented for commercial use
Outcome:  sold vacant for $420,000
Agents:  Mathew Gibbard & James Ross

Mt Maunganui

64 Tukorako Drive, unit 1:
Features: High stud, modern 100m² tilt-slab industrial unit – 85m² of warehousing & amenities, 15m² of office in the heart of leasehold industrial precinct
Outcome: sold vacant for $130,000
Agents: Brendon & Lynn Bradley an Jo Stewart

Papamoa

157 Domain Rd:
Features: 6526m² site on the major arterial route into Papamoa commercial area, former garden centre/café complex, 742m² of buildings
Outcome: sold vacant for $1.2 million
Agents: Brendon & Lynn Bradley

Tauranga

Piccadilly Arcade, 43 Devonport Rd:
Features: 3 retail premises in 22-unit cbd retail complex with dual entrances from Devonport Rd & Grey St
Outcomes:
Unit 7, 47m² unit tenanted by The Hawkers Wall, sold for $229,000 at a 6.1% yield
Unit 10, 28m² unit leased by Bay Barbers, sold for $209,000 at a 6.1% yield
Unit 11, 24m² unit tenanted by 2 B Waxed, sold for $149,000 at a 6.2% yield
Agents: Brendon & Lynn Bradley

Fraser Cove Shopping Centre, 221 Fraser St, unit 1 (pictured above):
Features: 516m² site, modern 417m2 retail premises, leased to franchisee of national retailer Toyworld for 6 years from October 2013 with fixed annual rental increases
Rent: $114,750/year net + gst
Outcome: sold for $1.7 million at a 6.75% yield
Agents:  Brendon & Lynn Bradley

116 Maleme St:
Features: rear 3138m² site, 1345m² high stud industrial building comprising 3 medium-sized fully leased units
Rent: $121,363/year net + gst
Outcome: sold for $1.875 million at a 6.5% yield
Agents: Brendon & Lynn Bradley and James Ross

86 Second Avenue:
Features: 556m² site on the southern fringe of the cbd, vacant 495m² commercial building which has showroom & high stud warehousing areas with large roller-door access
Outcome: sold vacant to an owner-occupier for $1.3 million
Agents:  Brendon & Lynn Bradley

Te Puke

Corner Oxford & Queen Sts:
Features: 3800m2 site, new 2020m2 Mitre 10 bulk retail outlet, 12-year lease
Outcome: sold before completion for $4.5 million at a 5.5% yield
Agents:  Jim McKinlay & Lloyd Davidson

Attribution: Agency release.

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Foodstuffs gets OK to start on Papamoa supermarket

Published 29 June 2009

Foodstuffs (Auckland) Ltd said today it would start construction of the Pak ‘n’ Save supermarket in Papamoa this year, after getting a variation to the resource consent last week.

 

Foodstuffs (Auckland) property strategy general manager Angela Bull said planning to start construction was under way after the Tauranga City Council granted the variation. She said the supermarket, with a fuel outlet, at the corner of Domain & Gravatt Rds would open late in 2010 next to Mitre 10 and alongside the Fashion Island/Centamax complex.

 

Want to comment? Go to the forum.

                                                                                              

Attribution: Company release, story written by Bob Dey for the Bob Dey Property Report.

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Smart Growth charrette for Papamoa East development

Tauranga City Council & developers will hold a 10-day charrette starting on 26 September to guide development of the new Papamoa East district down the coast from Mt Maunganui.


Project spokesman Darrell Carlin said it was the council’s first Smart Growth initiative and would include the new Modena Beach town centre.


Part 1 (also known as Wairakei) land developers Bluehaven Holdings Ltd (David & Michael Livingstone) & Hawridge Developments Ltd (Greg Clarke) have engaged Perth & Melbourne-based urban designers & architects Roberts Day to run the charrette.


All major stakeholders in Papamoa East, including the developers, designers, council, tangata whenua & community representatives, will meet for a number of days on the development site to intensively discuss all views & ideas.


Mr Carlin said the idea of the charrette was for designers to get a feel for the local community, view existing architecture & design in the region and gain knowledge of local issues & concerns.


Roberts Day work in partnership with renowned Miami-based urban designers Duany Plater-Zyberk, who will also be represented at the charrette. Since the 1970s, Duany Plater-Zyberk has been involved in designing & revitalising villages, towns & cities throughout the world.


Demetri Baches, founder of DPZ-Pacific, along with his partners, Mallory Baches & Ludwig Fontalvo-Abello, will lead the charrette process.


Mike Day, of Roberts Day, said a collaborative effort meant the best possible design ideas would be included in the plan.


“We’ll have a team of specialist urban designers & architects listening to all the ideas & concerns generated from a cross-section of people the Papamoa East-Wairakei community will service.


“The specialists will then work developing plans that the charrette group can view & comment on straight away. Their constructive comments will be used to refine & develop the concept.”


Until now it was theory


Mr Carlin said Smart Growth until now had been about theory & planning possible scenarios. “The Papamoa East-Wairakei urbanism & Modena Beach town centre takes us beyond theory for the first time. It’s Smart Growth in action.


“It’s exciting to see how organisations like Roberts Day and Duany Plater-Zyberk are creating communities & towns in Australia & the US. There will be a lot of interest internationally in what is developed here.”


The formal council plan change for the site is expected to be notified in June 2005.


“What they’re looking for from the charrette are concepts that will form the future look & feel of the Papamoa East-Wairakei urban area.


“Competing ideas, understanding of different parts of the project, time analysis & costs can all be discussed & resolved at the charrette.”


The Papamoa East town centre will be accessed by the Bell Rd interchange of the proposed Transit eastern arterial expressway. Construction is expected to start after the council rezones the land, anticipated to happen at the end of 2005.


Smart Growth philosophy


The Smart Growth initiative focuses on creating opportunities for “live, work & play” within communities. The charrette process promotes Smart Growth philosophies that attempt to limit urban sprawl & give properly integrated environments & well planned open space.


The Duany Plater-Zyberk & Co team has travelled the world designing & planning towns for. Mr Baches was one of 4 directors there, but this year formed DPZ-Pacific, Duany Plater-Zyberk’s first affiliate office, to take on projects throughout Asia & the Pacific.


Duany Plater-Zyberk is well known in North America for re-introducing smart-growth planning principles as an alternative to suburban sprawl & vehicle-based settlements.


Mr Carlin said Papamoa East Part 1 (Wairakei), near the beach and relatively flat, would be developed to encourage a balanced & vibrant community, with strong connections to the local environment to foster cycling, walking & connectivity.


“We will bring our knowledge & expertise to work together with area professionals & residents to design a new community that is sustainable in terms of local needs & the environment,” Mr Baches said.


“DPZ began using the charrette process more than 20 years ago as a means of designing mixed-use, pedestrian-friendly neighbourhoods, not the typical single-use subdivisions so common in North America and now  increasingly around the world.


“Immersing yourself in the local area is the best way to design a functional community. The designers will come to Papamoa knowing very few specifics, so no pre-conceived ideas can get in the way of the best design solutions.”


Developers Bluehaven Holdings & Hawridge Developments have a combined 300ha holding. They’ve employed DPZ Pacific because they were concerned at the dominant traditional pattern of past urban development and wanted a commitment to improving the built environment of a future community.


Mr Carlin said they believed it was important to develop a community, not just another sprawling subdivision with “cookie cutter” houses.


“This is the first project to be created under the Smart Growth initiative guidelines that local & regional councils have been working on for some time.


“The developers searched the world for people who had implemented Smart Growth-type developments. They found DPZ-Pacific and Roberts Day, both internationally recognised for their innovation & focus on community values.”


Open day


An open day will be held on 2 October from 2-5pm at the Papamoa Surf Club to display preliminary design proposals.


Websites: Duany Plater-Zyberk


Roberts Day Group

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Work starts on Papamoa Supa Centa

The new owners of the 4.5ha Supa Centa site at Papamoa have started earthworks and expect to start construction on a $30 million, 16,000m² development in July.


The Papamoa Supa Centa bulk retail site is in the middle of the beachside residential area south of Mt Maunganui, opposite the Royal Palm Shopping Centre on Gravatt Rd.


Jonmer Projects Ltd (Ian Calderwood & John Murdoch) and Landplan Group Ltd (Doug Osbourne & Andrew Jarvie) planned the development but sold last year for $10 million to 4 investors, including a Kaiau farmer, an American developer & entrepreneur and a Papamoa developer.


Colliers International is signing up tenants for 10 sites. Already committed are VTNZ, Midas, South Pacific Tyres and Repco on an auto centre precinct at the northern end, plus a doctor’s surgery, optometrist, radiographer, diagnostic laboratory & pharmacy on a medical centre precinct.


Colliers director Simon Clark said the rest of the site would be bulk retail, apart from 1-2 remaining small tenancies.


A Pak ‘N’ Save supermarket on 2.5ha at the corner of Gravatt & Dominion Rds will front the development.


NZ’s biggest growth area


Papamoa was New Zealand’s biggest growth area last year. 6 separate residential subdivisions are under construction and an average 450 houses/year have been built over the past 5 years. Tauranga District Council has projected a population of at least 33,000 for Papamoa by 2021.


Mr Clark says Papamoa’s commercial & industrial growth was also exceeding trends. “It’s the only growth area in Tauranga for developments in both those sectors. We believe Papamoa’s supply of land for all types of developments will run out in the next 6-10 years and will be fully utilised in the next 12 years,” he said.


The council has drafted a policy for studying the rezoning of 1100ha of predominantly rural land at the eastern end of Papamoa. It’s the last remaining large potential greenfields area in the district, but it could take some years to gain a zone change and be fully developed.


Mr Clark expects bigger format national chains & larger local businesses & franchises to jump a the chance to lease the planned 100-1000m² bulk retail stores, renting for $150-300/m² depending on size, fitout & density.


He said the Papamoa Supa Centa would return about $2.4 million/year fully leased.


Jonmer established strict quality & appearance guidelines before selling the site, and plans for every building will be put through a rigorous inspection by a committee comprising an architect & developers.


“We set up the committee to ensure the centre is comprehensively planned and doesn’t end up as a series of unrelated designs,” Jonmer director Mike Antoniadis said.


Jonmer also worked with the local Nga Potiki tribe to preserve one of 7 middens on the land.

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