Archive | Colliers NS

Rosedale office sells

A vacant Rosedale office has been sold by Colliers agents.

North-east

Rosedale

27-29 William Pickering Drive, unit C2:
Features: 179m² ground-floor office, airconditioned, alarmed & data-cabled, open plan, 5 exclusive parking spaces
Outcome: sold for $738,000 + gst
Agents: Kerry Cook & Janet Marshall

Attribution: Agency release.

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Rosedale office unit sells

Colliers North Shore agents have sold an office unit in Ceres Court, Rosedale.

North-east

Rosedale

3 Ceres Court, unit 1B:
Features: 140m² ground-floor office, 7 parking spaces
Outcome: sold with vacant possession for $701,000 + gst at $5007/m²
Agents: Janet Marshall & Kerry Cook

Attribution: Agency release.

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Owner-occupier buys Rosedale commercial unit

An owner-occupier has bought a commercial unit on Orbit Drive, Rosedale, through Colliers.

North-east

Rosedale

19G Orbit Drive:
Features: 1087m² roadfront commercial unit, 8m-stud warehouse, showroom, office facilities, 12 parking spaces
Outcome: sold to an owner/occupier for $3.5 million + gst
Agents: Matt Prentice & Mike Ryan

Attribution: Agency release.

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Multi-tenanted Rosedale property sells at 5.2% yield

A 5% yield beckoned, but the final 2-way bidding battle for a multi-tenanted commercial building in the North Harbour business precinct stopped $127,000 short at Colliers’ auction today, with a sale at 5.19% on current rent.

The building, erected by Kea Property Group Ltd in 2001, has 4 separate units & 6 individual leases (including a cellphone tower). It backs on to the Harbour Hockey fields, and is 4 doors from the North Harbour Business Centre at the corner of Upper Harbour Highway.

The owners, 2 family trusts, declared the property on the market with the yield at 5.34%. Most of the leases are within 2 years of expiry.

North-east

Rosedale

68 Paul Matthews Rd:
Features: 1801m² site, 849m² net lettable area, 4 titles sold as one, seismic rating 100% of new building standard
Rent: $174,376/year current
Outcome: sold for $3.36 million at a 5.19% yield
Agents: Matt Prentice & Mike Ryan

Attribution: Auction.

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2 sales & a lease on Shore

Colliers agents on the North Shore have secured 2 commercial sales in the Rosedale area & Wairau Valley, and a Wairau Valley lease.

North-east

Sales

Rosedale

3 Ceres Court, unit 2H:
Features: 72m² office, 3 parking spaces
Outcome: sold for $335,000 with vacant possession
Agents: Nick Recordon & Janet Marshall

Wairau Valley

75 Ellice Rd, unit 12:
Features: 333m² warehouse unit converted to a dance school
Outcome: sold to a private investor for $1.071 million at a 5.6% yield
Agents: Mike Ryan & Sam Sherning

Lease

Wairau Valley

15 Woodson Place:
Features: 735.5m² business premises – industrial 509m², office & amenities 226m², 10 parking spaces
Rent: leased in April for $105,000/year net + gst
Agents: Sam Sherning, Euan Stratton & Matt Prentice

Attribution: Agency release.

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2 new Millwater retail units sell

2 new retail investments in a development just completed by the Broadway Property Group at Millwater, between Silverdale & Auckland’s northern motorway, were sold at a Colliers auction on Wednesday.

The 2 units, both tenanted, are the same size and were sold for the same price, but have a $1/week difference in rent.

Euan Stratton, Sean Honeycombe & Matt Prentice were Colliers’ sales agents for both units.

North-east

Silverdale:

177 Millwater Parkway, unit 44:
Features: 86m², tenant Hello World on a 5-year lease
Rent: $34,552/year net + gst
Outcome: sold for $707,000 at a 4.88% yield

177 Millwater Parkway, unit 49:
Features: 86m², tenant The Goldsmith on an 8-year lease
Rent: $34,604/year net + gst
Outcome: sold for $707,000 at a 4.89% yield

Attribution: Auction documents & release.

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2 office unit sales, 2 leases on Shore

Colliers agents on the North Shore have sold 2 Rosedale office units and leased another one at Albany and a retail unit in Takapuna.

North-east

Sales

Rosedale

11 Orbit Drive, unit 6:
Features: 147m² air-conditioned upstairs office unit, with storage unit, balcony, already fitted out, 5 parking spaces
Rent: $39,000/year + gst
Outgoings: $9020/year + gst
Outcome: sold for $650,000
Agent: Nick Recordon

27-29 William Pickering Drive, unit E4:
Features: 255m², first floor unit, vacant possession
Outcome: sold for $940,000
Agents: Janet Marshall, Kerry Cook & Matt Prentice

Leases

Albany

Mercari Business Centre, 15 Mercari Way, unit 9:
Features: 256m² office unit
Rent: leased for $72,745/year + outgoings + gst
Agent: Janet Marshall

Takapuna

461 Lake Rd, unit 3:
Features: 53m² retail space
Rent: leased for $27,500/year + outgoings + gst
Agents: Nick Recordon & Euan Stratton

Attribution: Agency release, agency promotions.

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Coke’s Shore warehouse sold

CocaCola’s North Shore warehouse was sold on a 5.5% yield at Colliers’ auction yesterday.

North-east

Rosedale

6-8 Civil Place:
Features: 3255m² site, 1933.80m² floor area, designed & built for Coca Cola Amatil (NZ) Ltd in 2007 on a 9-year lease term, renewed for 9 more years in January 2016
Rent: $315,000/year net + gst     
Outcome: sold for $5.74 million at a 5.49% yield
Agents: Matt Prentice, Shoneet Chand & Josh Coburn

Attribution: Agency release.

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Wairau Valley sale, Apollo Drive lease

Colliers agents on the North Shore have sold a Wairau Valley office building (pictured) and leased a small unit on Apollo Drive.

North-east

Sale

Wairau Valley

66 Hillside Rd:

Features: 809m² site, 587² net lettable area, air-conditioned office building, workshop with roller door access, separate rental stream from Vodafone licence
Outcome: sold vacant for $1.92 million on 25 October
Agents: Janet Marshall & Mike Ryan

Lease

Mairangi Bay

39-43 Apollo Drive, unit 8:

Features: 136m² unit, 4 parking spaces
Rent: leased 25 October for $41,000/year net + gst        
Agents: Janet Marshall & Nick Recordon

Attribution: Agency release.

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