Archive | Knight Frank

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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Knight Frank sale & lease

Knight Frank agents in South Auckland have started the year with a sale of 2 industrial units in Papakura and an office lease in Mt Wellington.

Sale:

South

Papakura

19 Vernon St, units G & F:
Features: 2 industrial units – unit F 321m², unit G 324m²
Outcome: sold for $1.3 million + gst
Agent: Josh Franklin

Lease:

Isthmus east

Mt Wellington

570 Mt Wellington Highway, unit B4:
Features: 150m² office
Rent: $56,454/year + gst
Agents: Michelle Kennard & Jarrod Qin

Attribution: Agency release.

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Chinese spent $A2.4 billion in 2016 on Australian residential sites

Chinese developers & investors bought $A2.4 billion worth of residential development sites in Australia last year, according to Knight Frank research.

Knight Frank’s director of residential research in Australia, Michelle Ciesielski, said in a paper released in January: “This was 9.4% stronger than recorded in the prior year. This trend has been emerging over the past 5 years, while the Australian residential market collectively strengthened throughout 2012 and in 2013, growth in sales turnover encouraged prices to rise for local developers & investors alike. At this time, the $A became very favourable against other currencies for investment into Australia. The Chinese renminbi was no exception.

“Despite overall total sales falling during 2016, and sales to Chinese developers & investors are still 11.2% lower than the market peak recorded in 2014, their influence has grown. In the past 3 years, Chinese developers & investors accounted for over 25% of disclosed total sales each year, with 2016 recording a share of sales as high as 38%.”

Link:
Knight Frank, January 2017: The rise of Chinese developers in Australia, full report

Attribution: Knight Frank report.

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Sockburn sale & Ellerslie lease for Knight Frank

Knight Frank agents have sold a Sockburn industrial property in Christchurch and leased in office in the Stanway business park at Ellerslie in Auckland over the summer.

Sale

South Island – Canterbury

Christchurch, Sockburn

42 Parkhouse Rd:
Features: 4927m² site zoned business 5/heavy industrial, 2356m² building
Outcome: sold for $3.65 million + gst
Agent: Sam Stone

Lease

Isthmus east

Ellerslie 

646 Great South Rd, tower 2, ground floor, unit 2:
Features: 201.9m² office space
Rent: $54,820 + gst
Agent: Damon Wyllie

Attribution: Agency release.

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2 sales & 2 leases for Knight Frank

Knight Frank agents have signed 2 sales & 2 leases on the Auckland isthmus and in Christchurch.

Sales

Isthmus east 

Onehunga

46 Mt Smart Rd:
Features: 1533m² level site, block of 10 fully tenanted 2-bedroom units on a single freehold title
Outcome: sold for a confidential price
Agent: Douglas Fan

South Island – Canterbury 

Sockburn

2 William Lewis Drive, unit 3:
Outcome: sold for $845,000 + gst
Features: 349m² unit – office 145m², warehouse 204m², 7 parking spaces
Agent: Campbell Taylor

Leases

Isthmus east 

Mt Wellington

45 Mt Wellington Highway, unit 2:
Features: 240m² office
Rent: $63,900/year + gst + opex
Agent: Michelle Kennard

South Island – Canterbury 

Riccarton

41 Riccarton Rd:
Rent: $212,641.80/year + gst + opex
Features: 1000m² retail space, 35 parking spaces
Agents: Louise Urban & Anna Morawiec

Attribution: Agency release.

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