John Stringer

The recent decline in interest rates provides a great opportunity to secure your own premises in this well-presented, modern low-rise office building situated in the heart of the CBD. The immediate area is very popular with professional office users with its proximity to Queen Street and Shortland Street. Unit 1A comprises 137.5m² and is being sold with vacant possession. The unit has a great outlook over OConnell Street and Vulcan Lane, and comprises a reception area, two offices,a kitchen, and an open-plan main area. The unit has exposed ceilings, cable tray lighting, air-conditioning, and is in very good condition. The unit provides a perfect opportunity for owner-occupiers to take advantage of the drop in interest rates, secure their own premises in a modern, well-located building in the CBD, and avoid paying rent.KEY FEATURES:Unit 1A 137.5m² vacantModern low-rise buildingFantastic central city locationOwner-occupiers must inspectCall now for more details

Great opportunity to secure a fully leased investment in this well-presented, modern low-rise office building. Situated in the heart of the CBD, the immediate area is very popular with professional office users with its proximity to Queen Street and Shortland Street. The unit is leased to three separate tenants, providing a net return of circa $89,000 per annum. The tenancies are very well presented with exposed ceilings, cable tray lighting and air-conditioning.The property appeals to investors seeking an affordable investment with multiple income streams, in a modern well-located building.KEY FEATURES:Net return circa $89,000 per annum323.6m² with three tenanciesModern low-rise buildingFantastic central city locationVery well-presented unitsIdeal investment opportunity

Ascotia Off Queen is a medium rise 3.0 - 3.5 star hotel offering 82 hotel rooms over nine levels plus ground floor reception, restaurant, two basement floors and 15 car parks. The hotel provides mid-range accommodation at very affordable rates, ensuring high occupancy levels are achieved.The hotel is ideally situated just off Queen Street, a short walk to the Aotea Square entertainment precinct and the restaurants of Karangahape Road. The area is set to benefit from the completion of the City Rail Link with both the Aotea Station and Karangahape Station close by.The property is managed by VR Group, a very experienced hotel operator with multiple hotels throughout Auckland. There is a new 10-year lease in place returning $1,260,000 per annum with biannual 3% fixed rental increases.Ascotia Off Queen provides purchasers with an excellent opportunity to secure a well-performing hotel in the CBD under strong management, providing an outstanding long-term return (circa 7%) with built-in growth.KEY FEATURES:82 room hotel with high occupancyNew 10-year lease returning $1,260,000 per annum - circa 7% returnManaged by VR GroupFreehold land 810m²3,296m² GFA (approx.) over 11 levels, plus 15 car parksA+ IEP ReportIdeal CBD location just off Queen Street

The property comprises a well-presented two-level industrial warehouse/office unit located in the popular industrial precinct of Pakuranga Heights. The unit is one of four in the block, with an overall floor area of approximately 246m² plus 21m² of mezzanine and a warehouse stud height of approximately 5.5 metres.Pakuranga Heights is a tightly held industrial suburb with very low vacancy, reflecting its close proximity to the residential suburbs of Pakuranga, Howick and Botany. The unit is being sold with vacant possession appealing to owner-occupiers and investors seeking a foothold in this desirable location.KEY FEATURES:246m² plus 21m² of mezzanine in block of four unitsSought-after Pakuranga Heights areaWell-presented unit with three car parksVacant possessionCall now for more details

This is a fantastic opportunity for owner-occupiers and add-value investors to secure a retail unit in a location that is set to benefit massively from the completion of the City Rail Link, with the unit in close proximity and en route to the new Te Waihorotiu station (Aotea).The property comprises a 29m² vacant retail unit situated on the ground floor of the Barclay Suites Apartments in the heart of the CBD. The retail unit is a modern clean and tidy space with a high stud, polished concrete flooring and large display windows. The location of the retail unit benefits from a consistent and stable customer base from the 110 apartments above, along with the strong foot traffic from passer-bys.The Barclay Suites provides quality hotel accommodation strategically situated in the CBD close to Queen Street, one block from SkyCity, and a few blocks from the Viaduct and Britomart.The property is for sale with vacant possession providing owner-occupiers and investors the opportunity to secure their own premises in the CBD with substantial upside from the completion of the City Rail Link.29m² retail unitVacantFlexible usesOwner-occupier / add-valueStrategic location in the heart of CBD and close to the new Te Waihorotiu station (Aotea)Call now for more details

Incredible opportunity to purchase an affordable retail unit in the heart of the CBD, opposite the entrance to Beresford Square train station, part of the City Rail Link.The strategically positioned unit comprises approximately 97m² and is situated on the ground floor of the Chatham Apartment building on Pitt Street, just off Karangahape Road. The unit is occupied by a long-standing tenant, Subway, who have been in occupation since 2014 with an annual rental of $43,727 per annum.This is a must-see for investors seeking an affordable passive investment with long-term upside from the completion of the City Rail Link.97m² retail unitOne car park included$43,727 + GST rental per annum from long-standing tenant operating as SubwayFantastic CBD location, a stone's throw from Karangahape RoadOpposite entrance to Beresford Square train station, part of the City Rail LinkHigh growth locationCall now for more details

Barfoot & Thompson Commercial are pleased to offer this unique holding, comprising the sub-lessor’s interests of the land encompassing the Scene 3 building and the Countdown Supermarket at Quay Park, Auckland CBD.The offer comprises a ground rental margin of 2.5% on the apartments, being the difference between the rental payable to the head lessor at 5.0% of land value and that received from the sub-lessees at 5%, being the various unit owners for Scene 3 at 7.5%.The property interests comprise 167 individual ground lease titles and each title comprises a ground lease for a fixed term of 150 years expiring 1 August 2146 with rent reviews at seven yearly intervals. The current net income is circa $1,097,250, providing a substantial ongoing cash flow.Net income circa $1,097,250 per annum150-year lease term expiring 2146Seven-year rent reviewsUnique investment with substantial ongoing cash surplusHigh yield on offerCall now for more details

Rare opportunity to secure the whole first floor comprising two titles in this well-presented, modern low rise office building.Situated in the heart of the CBD, the immediate area is very popular with professional office users with its proximity to Queen Street and Shortland Street.Unit 1A comprises approximately 137.5m² and is vacant.Unit 1B comprises approximately 323.6m² and is currently leased to three tenants. The units are for sale separately or together as one package.The units provide a perfect opportunity for owner-occupiers or investors.KEY FEATURES:Whole or part floor availableUnit 1A 137.5m² and unit 1B 323.6m², total 461.1m² including common areaModern low rise buildingFantastic central city locationIdeal for owner-occupiers or investorsBoth units for sale separately or together as one package

89 Grafton Road is located opposite Auckland City Hospital and is within walking distance to Auckland University, AUT, and the CBD.The five-level office building provides approximately 2,131m² of total floor space with 54 car parks, and is situated on 1,386m² of Mixed Use zoned land with a 27m height limit. The property is well positioned to take advantage of the huge demand from the healthcare sector for medical related services, student accommodation, residential apartments, and hotels.There are several options for purchasers to explore including adding further levels to the existing building and/or constructing a new tower at the rear of the site.KEY FEATURES:1,386m² Freehold site opposite Auckland HospitalMixed Use zone - 27m height limitFloor area approximately 2,131m²Current passing net income circa $342,000 with a potential fully leased income of $613,000High growth locationFuture development potential

This high-profile development site is situated in the highly desirable and affluent suburb of Epsom, within the sought-after Double Grammar zone.The property comprises 1,537m² of development land in two titles, zoned Business - Mixed Use with a height limit of 18 metres.With an approved resource consent for a eight-level apartment building, this property provides the perfect opportunity for developers looking for their next project.1,537m² land zoned Business - Mixed Use18 metre height limitPrime Epsom location - DGZResource consent in place for eight level apartment buildingSame ownership for over 40 yearsCall now for more details