Archive | Knight Frank

4 commercial leases in Auckland & Christchurch

Knight Frank agents have secured 4 commercial leases, 2 on the Auckland isthmus and 2 in Christchurch.

Leases

Isthmus east

Ellerslie

130B Main Highway:
Features: 70m² office, storage shed, 4 parking spaces
Rent: $25,000/year net + gst + opex      
Agent: Sophie Dixon

Mt Wellington

1066 Great South Rd, unit R:
Features: 75m² warehouse & amenities, 73m² mezzanine office, 2 parking spaces
Rent: not disclosed  
Agent: Scott Worrall

South Island

Canterbury

Christchurch cbd

137 High St, level 1:
Features: 100.8m² first-floor office, 63.4m² balcony
Rent: $31,971/year net + gst + opex      
Agent: Tom Lax

Halswell

3 Kennedy’s Bush Rd, ground floor unit 3:
Features: 45m² ground-floor office unit, parking space
Rent: $15,000/year net + gst + opex      
Agent: Campbell Taylor

Attribution: Agency release.

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Wigram sale, 6 commercial leases in Auckland & Canterbury

Knight Frank agents have reported a Wigram warehouse sale in Canterbury and 6 commercial leases in Auckland & Christchurch.

Sale

South Island – Canterbury

Wigram

22 Sonter Rd, unit 1:
Features: 470m² warehouse, 180m² office/showroom
Outcome: sold for $1.45 million at a 5.4% yield (market yield 6.5%)
Agent: Craig Edwards

Leases

South

Favona

70 Favona Rd:
Features: 1500m² industrial yard
Agent: Scott Worrall

Papakura

14B Vernon St:
Features: 250m² warehouse unit
Rent: $34,000/year + gst + opex 
Agent: Josh Franklin

South Island – Canterbury

Burnside

41 Sir William Pickering Drive, unit 5:
Features: 74m² ground-floor office unit, 3 parking spaces
Rent: $21,990/year net + gst + opex      
Agent: Campbell Taylor

CBD

48 Fitzgerald Avenue, unit 11:
Features: 347m² warehouse, 246m² showroom, 8 parking spaces
Rent: $82,000/year net + gst + opex      

Agents: Sam Stone & Elliot Clayton

68 Fitzgerald Avenue, part level 1:
Features: 159m² first-floor office tenancy, 4 parking spaces
Rent: $47,909/year net + gst + opex      
Outcome:
Agent: Tom Lax

Innovation Precinct, 181 High St, unit D3:
Features: 99² ground-floor retail tenancy
Rent: $49,005/year net + gst + opex
Agent: Tom Lax

Attribution: Agency release.

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Sale & 4 leases for Knight Frank

Knight Frank has sold an East Tamaki building and secured 4 leases, one in St Johns and the other 3 in Christchurch.

Sale

South

East Tamaki

12-16 Harris Rd:
Features: 4186m² site, 2195m² industrial building
Outcome: sold for $4.75 million with a 2-year leaseback & a yield of 5.6%
Agent: Josh Franklin

Leases

Isthmus east

St Johns

24 Morrin Rd, unit F:
Features: 185m² warehouse, 46m² first-floor office, 35m² ground-floor showroom
Rent: not disclosed
Agents: Scott Worrall & Damon Wyllie

South Island – Canterbury

Christchurch

185 Manchester St, unit 3:
Features: 26m², first-floor office suite
Rent: $16,900/year + gst + opex
Agent: Tom Lax

Middleton

11 Midas Place, unit A:
Features: 135m² warehouse, 30m² showroom/office, 5 parking spaces
Rent: $22,000/year + gst + opex
Agents: Myles Addington & Elliot Clayton

Sydenham

8-12 Battersea St:
Features: 817m² warehouse, 100m² showroom/office, 10 parking spaces
Rent: $82,000/year + gst + opex
Agents: Myles Addington & Elliot Clayton

Attribution: Agency release.

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Sale & 4 leases in Christchurch

Knight Frank agents in Christchurch have sold one office unit in a new Addington development on Lowe St, and have signed 4 leases.

South Island – Christchurch

Sale

Addington

36 Lowe St, unit 5:
Features: 78m² new ground-floor office unit, 2 parking spaces, one unit still available
Outcome: sold for $400,000 at a 7.5% yield
Agent: Tom Lax

Leases

Addington

22 Clarence St:
Features: 2884m² site – 1354m² warehouse, 219m² office & amenities, 27 parking spaces
Rent: $140,000/year net + gst + opex    
Agent: Sam Stone

Rangiora

10 Kingsford Smith Rd:
Features: 1200m² industrial yard, fully fenced
Rent: $13,800/year net + gst + opex
Agent: Craig Edwards

Riccarton

295 Blenheim Rd, unit 3B:
Features: 146m², first-floor self-contained office, 6 parking spaces
Rent: $32,000/year net + gst + opex
Agent: Sam Stone

Richmond

325 Stanmore Rd, unit 3:
Features: 65m² hair salon unit, parking space
Rent: $20,000/year net + gst + opex      
Agent: Campbell Taylor

Attribution: Agency release.

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One Penrose lease & 3 in Christchurch

Knight Frank agents have signed a small industrial lease in Penrose and 3 on warehouses around Christchurch.

Leases

Isthmus east

Penrose

29 Station Rd:
Features: 376m² industrial building, leased to a local tenant
Rent: undisclosed    
Agents: Scott Worrall & Damon Wyllie

South Island – Canterbury

Middleton

317 Blenheim Rd, units 1 & 2:
Features: 2 180m² warehouse units with offices
Rent: $21,000/year each, net + gst + opex
Agents: Murray Madgwick & Greg Bevin

Phillipstown

413 Tuam St:
Features: 526m² showroom/warehouse, 7 parking spaces
Rent: $50,000/year net + gst + opex      
Agent: Sam Stone

Rangiora

346 Flaxton Rd, unit 6:
Features: 265m² high stud warehouse, 35m² showroom/office
Rent: $45,000/year net + gst       
Agent: Craig Edwards

Attribution: Agency release.

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Christchurch leases signed

Knight Frank agents have signed tenants to 3 new office & warehouse leases around Christchurch.

Leases

South Island – Canterbury

Burnside

49 Sir William Pickering Drive, unit 3:
Features: 100m² first-floor office, 4 parking spaces
Rent: $28,310/year net + gst + opex
Agents: Tom Lax & Campbell Taylor

Rolleston

35 Illinois Drive, unit 10:
Features: 113m² warehouse unit with small office
Rent: $15,500/year net + gst + opex
Agent: Myles Addington

Wigram

22 Sonter Place, unit 1:
Features: 470m² warehouse – 180m² office/showroom, parking
Rent: $78,000/year net + gst + opex
Agent: Craig Edwards

Attribution: Agency release.

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Corrected: 2 sales & 6 leases for Knight Frank

Knight Frank agents have reported 2 industrial sales in Mt Wellington and at Wigram, on the outskirts of Christchurch, plus 6 Christchurch leases. Th size of the Marua Rd building has been corrected.

Sales

Isthmus east

Mt Wellington

Corrected: 224 Marua Rd:
Features: 827m² site, 526m² [corrected: the figure originally given was just 26m²] warehouse with office & amenities
Outcome: sold for $1.08 million at a 4.8% yield
Agents: Scott Worrall & Michelle Kennard

South Island

Canterbury

Wigram

44 Dakota Crescent:
Features: 2852m² site, 1917m² industrial building
Outcome: sold for $2.825 million at a 6.55% yield
Agents: Myles Addington & Terry Connolly

Leases

South

East Tamaki

7 Springs Rd, ground floor:
Features: 347m² office, 10 parking spaces
Rent: $59,590/year net + gst + opex
Agent: Josh Franklin

South Island

Canterbury

Addington

12 Pope St:
Features: 205m² office, 6 parking spaces
Rent: $28,000/year net + gst + opex
Agent: Myles Addington

Middleton

223 Annex Rd, unit A:
Features: 208m² warehouse, 40m² showroom, 72m² office & amenities, 6 parking spaces
Rent: $32,500/year net + gst + opex
Agent: Myles Addington

Rolleston

35 Illinois Drive, unit 7:
Features: 139m² warehouse & office unit, 2 parking spaces
Rent: $19,500/year net + gst + opex
Agent: Myles Addington

Sockburn

19 Nga Mahi Rd, unit 3:
Features: 198m² warehouse, 42m² ground-floor office & showroom, 41m² first-floor office & mezzanine, 5 parking spaces
Rent: $32,000/year net + gst + opex
Agent: Myles Addington

13 Parkhouse Rd, unit 3:
Features: 234m² showroom & office, 150m² warehouse, 9 parking spaces
Rent: $59,550/year net + gst + opex
Agent: Myles Addington

Attribution: Agency release.

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2 Christchurch warehouse leases

Knight Frank agents have signed 2 warehouse leases in Christchurch.

Leases

South Island – Canterbury

Christchurch central area

48 Fitzgerald Avenue, unit 4:
Features: 151m² warehouse, 42m² ground-floor office & showroom, 42m² first-floor office, 5 parking spaces
Rent: leased for $42,575 + gst + outgoings
Agent: Sam Stone

Hillsborough

15 Mary Muller Drive:
Features: 3001m² warehouse, 607m² office,
Rent: leased for $250,000 + gst + outgoings
Agents: Elliot Clayton, Sam Stone & Campbell Taylor

Attribution: Agency release.

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Mt Wellington & Christchurch leases signed

Knight Frank agents have completed 2 commercial leases, one in Mt Wellington and the other in central Christchurch.

Leases

Isthmus east

Mt Wellington

503 Mt Wellington Highway:
Features: 3128m² industrial building – warehouse 1990m², office/showroom 880m², 332m² canopy, 41 parking spaces, leased to multinational tenant
Rent: leased for $396,000/year + gst + opex
Agents: Dave Arlidge

South Island

Canterbury – Christchurch

205 Durham St:
Features: 151.26m² office
Rent: leased for $50,578/year + gst + outgoings
Agent: Tom Lax

Attribution: Agency release.

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East Tamaki & Papakura commercial sales

Knight Frank agents have sold an industrial unit in East Tamaki and a shop in Papakura, and completed 2 leases in Christchurch.

Sales

South

East Tamaki

89 Springs Rd, unit F:
Features: 260m² industrial unit, 148m² upstairs accommodation
Outcome: sold for $1 million at a 5.2% yield
Agent: David Wards

Papakura

182 Great South Rd, unit 3:
Features: 98m² vacant shop
Outcome: price confidential
Agent: David Wards

Leases

South Island – Canterbury

Burnside

25A Sheffield Crescent, unit 2:
Features: 695m² warehouse
Rent: $53,000/year + gst + opex
Agent: Terry Connolly

Sockburn

2 Distribution Lane, unit 1:
Features: 580m² office & warehouse, 12 parking spaces
Rent: $102,500/year + gst + outgoings
Agent: Campbell Taylor

Attribution: Agency release.

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