issue associatednews · 2012. 7. 2. · shaky times for commercial leases. 30. office space for...

SPECIALISTS

1. TheTeam

2. LeasedBuildingsforSale

INDUSTRIAL

4. VacantBuildingsforSale

7. LandforSale

10.YardsforLease

12.TelferYoungPropertymarketcomment.

13.WarehouseSpaceforLease:Tauranga

18.YoungReadWoudbergDepreciationofcommercialpropertyfit-out.Parttwo.

19.WarehouseSpaceforLease:MountMaunganui

COMMERCIAL

24.RetailSpaceforLease

29.TimNeillShakytimesforcommercialleases.

30.OfficeSpaceforLease

ASSOCIATEDNEWS

35

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LTD Licensed REAA 2008

ANASSOCIATEDREALTYLIMITEDSPECIALISTPUBLICATION

Making Better Business

Young Read Woudberg Accountants equipped to meet your needs

Young Read Woudberg Limited13 McLean Street, Tauranga 3110

P 07 578 0069 F 07 578 8725E [email protected]

W yrw.co.nz

Whether you’re in business or an individual, there are times when you will need extra assistance from your accountants. At Young Read Woudberg, we aim to provide the increased value you need. We do so as a multi-disciplinary accountancy practice, with an emphasis on professional teamwork. With that commitment to rely on, you will have a powerful blend of experience, insight, judgement and technical skill available whenever you need it.

With three Principals and 25 staff, there is no doubt that Young Read Woudberg is well resourced to provide experienced, informed, independent advice while remaining small enough to form long lasting personal relationships. It is the mix of these close personal relationships and significant staff capability that forms the distinguishing characteristic of the firm.

AttentionToYourNeeds

Resourced to meet your needs, Young Read Woudberg is a firm that has built an enviable reputation as a recognised regional practice leader through having an attitude focused on understanding the client’s needs from all perspectives, and the capability to serve those needs fully.

ClearDirectionandFocus

Clients know that Young Read Woudberg has the commitment to get to know them personally, understand their current and emerging needs, and travel forward with

them as trusted business and personal advisers.

Fundamentally, the firm’s aim is to provide its clients with the stability and security they need to face changing circumstances, meet new and emerging needs, and fulfill their personal and business ambitions.

RegionalandPersonalInvolvement

Young Read Woudberg has kept a firm emphasis on regional business needs and is particularly close to local dynamics in the property, commercial and horticultural sectors. This attitude permeates through the whole establishment with all three principals heavily involved in community activities.Raimarie is a trustee of the local Bay Health Foundation that has established a new cancer treatment centre. She is also an accredited business mentor; Steve Read is a judge for the Chamber of Commerce business awards, and the past president of Tauranga’s Sunrise Rotary Club; and Eric Woudberg is past treasurer of the Chamber of Commerce, an active swimmer who still swims around the Mount each year, and has been instrumental in establishing water polo as a sport in the region. All are very family orientated, and all are proud to be integral parts of a good solid regional accountancy firm, founded in 1961.At Young Read Woudberg, we are happy to discuss our resources and our support with you at any time. Please refer to our contact details on this page. We look forward to talking with you.

Harbourside House, The Strand Extension, Tauranga, PO Box 13197, Tauranga, New Zealand

Telephone 07 571 0716, Facsimile 07 571 0855, Email [email protected],

www.associatedrealty.co.nz

the

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ts1the team

working as a team to give you a better result!

Tony Doms Licensed Real Estate Agent (REAA 2008)

Tony’s career in the real estate industry spans over 30 years, from 1979 when he joined Bay of Plenty Real Estate in Tauranga as a salesperson specialising in placing home purchasers into their first homes. Tony’s switch to commercial and industrial sales and leasing occurred when he first joined Associated Realty’s Rotorua office in 1993.

Along the way Tony has gained extensive experience and knowledge of all aspects of marketing, leasing and sales of commercial and industrial property, he provides his clients an exceptional level of expertise and service. Tony has been a keen motorcyclist for many years, but nowadays, with the assistance of Gartshore Group and The Kitchen Zone, his spare time is currently being occupied building a John Welsford designed sailing boat.

For quality advice, service and results contact Tony.

Alan Dickson Licensed Real Estate Salesperson (REAA 2008)

Alan joined Associated Realty in 2000 after previous careers in secondary education, life insurance and dairying. Since then he has experienced the full cycle of the property market as it recovered from the lows of the late 1990’s through to the boom market of 2005-07 and the recession of 2008-09, with a patchy recovery in 2010. During the rising market of 2002-06, Alan was heavily involved with the development of Papamoa Junction from acquisition of the original greenfields to sale of the developed sites. Industrial leasing and investment sales are the main fields of activity in the current market. In his spare time, Alan is involved in target rifle shooting as secretary of the Te Puke Rifle Club and has represented New Zealand overseas in 300 metre and long range disciplines. Scuba diving is another keen leisure time interest. From a small lease to a multi-million dollar investment, give Alan a call for quality advice and service.

Adrian has been involved in the commercial real estate industry for nineteen years and has been the Principal of Associated Realty for the last thirteen years.

Over that period he has gained a wealth of experience and has increased his knowledge by researching other commercial property markets throughout New Zealand and Australia.

He has now limited his role to managing the company and advising Alan and Tony with the more complicated lease and sale transactions. In his spare time, he is a keen early morning runner, enjoys travelling and is an avid reader. Adrian continues to have a great passion for commercial property and keeps a careful eye on current rental rates in the industrial, office and retail sectors.

Adrian Knowles Licensed Real Estate Agent (REAA 2008)

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LOCATION PRICE $ RENTAL $ YIELD %

Rerewai Place 125,000 11,270 9.0

Tukorako Drive 168,000 13,600 8.1

Maleme Street 195,000 12,000 6.1

Tukorako Drive offers 10.131 -

Maleme Street 215,000 12,000 5.6

Cypress Street offers 15,500 -

Tukorako Drive 292.000 26,240 9.0

Roxanne Place 300,000 22,000 7.3

Ashley Place 310,000 13,500 4.4

Fourteenth Avenue Offers 17,706 -

Tawa Street 333,000 25,000 7.5

Willow Street 350,000 24,500 7.0

Glasgow Street 365,000 25,000 6.8

Parton Road 398,000 20,622 5.1

Girven Road 400,000 23,840 6.0

Harvard Way 430,556 38,750 9.0

Marine Parade 456,000 29,260 6.4

Newton Street 465,000 26,000 5.6

Marine Parade 480,000 28,730 6.0

Glasgow Street offers 25,000

Third Avenue 490,000 12,800 2.6

Roxanne Place 500,000 31,185 6.2

Third Avenue 500,000 13,500 2.7

Fraser Street 650,000 45,000 6.9

Sixteenth Avenue 665,000 40,000 6.0

Glasgow Street 675,000 42,874 6.3

Picadilly Arcade Offers 51,200 -

Owens Place 695,000 51,358 7.4

Sherson Street 725,000 26,500 3.6

Tukorako Drive 810,000 15,565 1.9

Tukorako Drive 850,000 51,625 6.0

Hocking Street 850,000 58,673 6.9

Rerewai Place 900,000 69,099 7.7

leased buildings for sale




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LOCATION PRICE $ RENTAL $ YIELD %

Newton Street 950,000 76,200 8.0

Devonport Road 980,000 65,000 6.6

Second Avenue 1,000,000 65,000 6.5

Cameron Road 1,000,000 36,525 3.7

Marine Parade 1,050,000 57,853 5.5

Tawa Street 1,077,000 81,595 7.5

Girven Road 1,150,000 76,000 6.6

Aerodrome Road 1,200,000 72,000 6.0

Fraser Street 1,200,000 68,750 5.7

Girven Road 1,250,000 88,710 7.1

Hynds Road 1,350,000 101,250 7.5

Ashley Place 1,450,000 100,000 6.9

Newton Street 1,550,000 79,383 5.1

Whiore Ave 1,700,000 112,853 6.6

Aerodrome Road 1,750,000 105,000 6.0

Park Street 1,750,000 128,000 7.3

Devonport Road 1,750,000 147,000 8.4

First Ave 2,000,000 70,000 3.5

Grey Street 2,000,000 98,673 5.0

Newton Street 2,100,000 129,000 6.1

Cameron Road Offers 143,000 -

Glenlyon Road 2,200,000 112,968 5.1

Fifteenth Avenue 2,200,000 78,322 3.5

Grey Street 2,290,000 125,975 5.5

Maunganui Road 2,500,000 40,000 1.6

Portside Drive 3,300,000 265,588 8.0

Koromiko Street 3,498,000 244,863 7.0

Maungatapu Road 1,950,000 137,084 7.0

Portside Drive 3,650,000 293,520 8.0

Durham Street 4,000,000 267,045 6.6

Maunganui Road 4,000,000 254,375 6.3

Cameron Road offers 584,000 -

leased buildings for sale

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LOCATION SIZE SQM PRICE $

Tukorako Drive 84 115,000


Devonport Road 26 offers

Aviation Avenue 78 175,000

Ashley Place 144 210,000

Hynds Road 130 220,000

Reynolds Place 157 220,000


Brook Street 148 245,000

Devonport Road 50 250,000






Mirrielees Road 880 270,000




Cypress Street 210 280,000

Hewletts Road 44 280,000

Cherokee Place 174 287,000

Portside Drive 180 290,000

Roxanne Place 160 295,000

Koromiko Street 160 300,000


Te Okuroa Drive 264 313,000

Portside Drive 340 315,000


Cherokee Place 173 330,000

Birch Avenue 321 337,000


Chadwick Road 215 350,000

Macrae Ave 225 375,000

vacant buildings for sale




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Hewletts Road 44 Offers

Birch Ave 123 410,000

Newton Street 310 480,000

Cameron Road 140 480,000

Fraser Street 94 500,000

Fraser Street 120 500,000


Katikati 238 500,000

Birch Ave 505 offers

Glasgow Street 240 520,000

Tenth Avenue 118 525,000

Courtney Road 578 525,000


Devonport Road 107 600,000

Enterprise Drive 507 600,000

Totara Street 285 600,000

Rerewai Place 900 Offers



Owens Place 320 630,000

Cheyne Road 228 offers

Maketu Road 2058 650,000

Kiteroa Street 800 690,000

Rerewai Place 1,009 730,000



Cnr Sixteenth Avenue/Cameron Road 180 800,000

Newton Street 520 800,000

Maru Street 217 828,000

Hocking Street 470 850,000

MacDonald Street 474 860,000

Maleme Street 700 865,000

Newton Street 590 1,150,000


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Maleme Street 1,178 1,300,000

Aerodrome Road 832 1,500,000

Oropi 1,420 1,480,000

Pyes Pa 250 1,500,000

Eleventh Avenue 200 1,500,000

Hull Road 1,659 1,777,000

Cameron Road 390 2,000,000

Sherson Street 2022 2,000,000

Maunganui Road 370 2,032.000

Fraser Street 717 2,200,000

Hewletts Road 210 2,500,000

Cameron Road 3,494 offers

Hynds Road 2,450 7,200,000


BNZ Partners

Paul Wills 07 577 5931

bnzpartners.co.nz

R

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LOCATION LAND SIZE PRICE $ $/SQM

Marshall Place 589 112,000 190

Courtney Road 400 130,000 325



Marshall Place 1,004 191,000 190

Papamoa Beach Road 194 200,000 1,031


Market Place 1,082 250,000 231

Ashley Place 848 250,000 295


Whiore Avenue 768 269,000 350

Whoire Avenue 799 280,000 350

Enterprise Drive 1,131 283,000 250

Ashley Place 1,023 285,000 278


Poturi Street 1,309 294,525 225


Poturi Street 1,379 310,275 225

Whakakake Street 1,389 312,525 225



Whiore Avenue 1,510 332,000 220


Hotuhotu Street 1,631 373,130 230

Poturi Street 1,625 373,750 230



Market Place 1535 383,000 250

Enterprise Avenue 1,063 400,000 376

Enterprise Avenue 1,018 400,000 393

Market Place 1,628 407,000 249

Market Place 1,643 411,000 250

Market Place 1,299 416,000 320

Market Place 1,132 420,000 371


land for sale

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land for saleLOCATION LAND SIZE PRICE $ $/SQM

Market Place 1,495 448,000 300



Market Place 1,383 470,000 340

Westminster Drive 1527 480,000 314

SH 29 Tauriko 2,000 490,000 245

Taurikura Drive 2,266 500,000 220

Market Place 1,113 501,000 450

Whiore Place 1,433 502,000 350


Main Road Katikati 2,352 525,000 223

Ashley Place 1940 530,000 273

Whiore Avenue 1,962 546,000 278

Poruti Street 1,998 551,000 276

Taurikuru Street 2,527 555,940 220

Taurikura Drive 2,029 589,000 290


York Ave 1,618 660,000 408


Ashley Place 3,167 696,000 220

Poturi Street 3,677 735,400 200

Poturi Street 3,842 768,400 200


Ashley Place 3,507 842,000 240

Te Okuroa Drive 3,397 850,000 250

Stage Two Tauriko 3,936 865,920 220




Porutu Place 4,945 1,100,000 222

Owens Place 3,716 1,100,000 296

Whakakake Street 3,780 1,134,000 300

Ashley Place 4,899 1,224,000 250

Cameron Road 1,012 offers -

Ashley Place 4,356 1,306,000 300

Fourth Avenue 1,902 1,350,000 710




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LOCATION LAND SIZE PRICE $ $/SQM


Te Awanui Way 5,229 1,464,000 280


Te Awanui Way 5,758 1,612,000 280

Stage Two, Tauriko 7,385 1,624,700 220

Te Awanui Way 6,511 1,628,000 250

Taiaho Place 6,000 1,680,000 280


SH 29 Tauriko 14,165 1,800,000 127





Reynolds Place 10,005 2,500,000 250

Hotuhotu Street 14,250 2,565,000 180

Tetley Road 88,747 4,500,000 50

Reynolds Place 26,695 4,672,000 175

Station Road 80,000 5,600,000 70





The Strand 2,901 offers -

Banks Avenue 3,214 offers -

land for sale

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LOCATION SIZE SQM RENTAL

Fifth Avenue, TaurangaPrime corner site with combined street frontage in excess of 65 metres. Fully sealed site, existing building comprises of a site office and shed.

70 Offers

Fourth Avenue, TaurangaFormer car sales yard, corner Cameron Road position, concrete paved.

250 $30,000

Newton Street, Mount MaunganuiLicence to occupy railway corridor land. Ideal for machinery parking and storage.

400 $8,500

Mark Road, Mount MaunganuiAccess via Mark Road and service lane at rear. Fully fenced. To be metalled so it can be used to store machinery, vehicles etc.

468 $11,700

Hewletts Road, Mount MaunganuiSmall display yard near the fly-over on upper Hewletts Road. Good profile, with sales office.

500 $25,000

Totara Street, Mount MaunganuiFully sealed and security fenced. Excellent profile to Totara Street.

769 $20,000

Cameron Road, Tauranga Ideal as a vehicle sales yard. Excellent profile and accommodation.

811 $35,500

Ashley Place, Mount Maunganui This yard has no buildings on site and is for storage only. It is metalled and has a security fence.

848 $8,766

Rewewai Place, Mount MaunganuiHigh-stud, three roller door storage and/or workshop in a fully fenced yard.

900 Offers

Moffat Road, BethlehemHigh profile street frontage, prime location for public advertising exposure.

900 $16,200

Enterprise Drive, Papamoa Ideal secure display yard with office, lunchroom and toilet facilities. Entry off Parton Road.

991 $33,000 neg

Market Road, PapamoaThis yard is metalled and security fenced.

1,132 $18,000

Kereiti Street, Mount MaunganuiFully sealed yard with office and toilet facilities. 12 month lease available followed by a month-to-month lease, as yard will be eventually used to extend the VTNZ building.

1,230 $52,500

Rerewai Place, Mount MaunganuiFully fenced yard close to port and surrounding arterial routes.

1,500 $34,500

Tyne Street, Mount Maunganui Security fenced yard, metalled with access via a sealed service lane on one boundary and Tyne Street on the other.

1,500 $30,000

Rerewai Place, Mount MaunganuiFully fenced yard close to port and surrounding arterial routes.

1,604 $49,000

York Street, Mount Maunganui Industrial yard suited for heavy transport of hard-stand storage. Dwelling suitable for a site office.

1,618 $32,000

Hewletts Road, Mount MaunganuiThere is the option of only leasing 1,000 sqm for an annual rental of $50,000.

1,800 $65,000

Portside Drive, Mount Maunganui Security fenced, metalled yard, close to Hull Road and main port entrance. Connections to services are in place from a previous portable office.

1,864 $55,000

Hewletts Road, Mount MaunganuiRear yard space, metalled and with security fence.

2,000 $30,000

Te Mairie Street, Mount Maunganui Industrial land which can be incorporated with adjoining 2,000 sqm building. Central Mount location, handy to port.

2,000 $40,000

yards for lease yards for lease




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LOCATION SIZE SQM RENTAL

Corner Sixteenth Ave and Cameron Road, Tauranga Excellent profile. Paved and security-fenced display yard, office building, single-bay annexed workshop, services and canopy. Council consent for service station.

120 $48,000

Hull Road, Mount Maunganui Wide frontage and security fenced. Main arterial route to the Port of Tauranga.

2,000 $50,000

Aerodrome Road West, Mount MaunganuiMetalled yard with no building on site. Owner will complete the security fencing.

2,200 By neg.

Corner Hewletts Road and Aerodrome Road, Mount Maunganui Very high profile, ideal for any type of sales yard. Entry off Aerodrome Road.

2,200 $69,500

Kereiti Street, Mount Maunganui 1506 sqm yard sealed with remaining 1506 sqm to be sealed at no extra rent. Includes sales office, toilet facilities, and wash-down pad. Leased advertising pole currently earns $12,000 p.a. for the tenant.

3012 $99,500

Courtney Road, Tauranga Yard space only. Presently not sealed or metalled. Landlord will subdivided into smaller areas.

3,000 $90,000

Hewletts Road, Mount MaunganuiWide frontage, full security fencing, offices, customer lounge, two workshops, smoko room, grooming bay, air-conditioned, digital cabled, alarmed with showroom.

3971 $130,000

Tukorako Drive, Mount Maunganui Vacant lots available as yard. Landlord would subdivide - 2,000 sqm as the minimum.

9,978 $138,000

Taiaho Place, Mount MaunganuiGrassed sites available until December 2014.

12,269 $230,000

yards for lease

Bringing specialist valuation knowledge to a wide range of valuation applications“ ”

Registered Valuer ANZIV SNZPI Commercial and Industrial

Specialist

P: 07 578 6456F: 07 578 6392

Registered Valuers & Property Consultants

Suite 3 Strata Views30 Willow Street, Tauranga

PO Box 998, TaurangaE: [email protected]

Denelle CrouCher

Valuationl i m i t e d

As registered valuers and property consultants we offer professional, confidential and up-to-date market advice in the following areas:

• Commercial• industrial• Rental valuations• insurance valuations• arbitration• Consultancy• Property depreciation

analysis• Financial valuations for

accounting purposes

“Integrity is not a 90 percent thing, not a 95 percent thing; Either you have it or you don’t.” Peter Scotesc

12in

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rial property market comment

In this issue, we look at how the Industrial market is faring in Tauranga, both in terms of land sold for development, premises that have been leased and also initial yields indicated by the most recent sales evidence. In our opinion, the industrial sector of the overall property market has been the one that has been the most impacted since the downturn became evident in early 2008. The amount of sales evidence of vacant industrial sites in the Tauranga region since the beginning of 2008 is small and with the higher level of yields now compared to early 2008, our conclusion from this is that in general terms land values are now at a lower level than in early 2008 and our estimate of the decrease since then is some 15-20%. Our analysis of the more recent evidence is scheduled below :

PropertySale Saleprice SaleDate LandAream2 Rateperm2

1 Aeropark Way $1,530.000 06/11 4265 $359

26 Aeropark Way $784,890 03/12 2907 $270

1 Porutu Place $360,000 07/11 1082 $333

1 Whakakake Street $610,540 01/12 2492 $245

7 Whakakake Street $850,000 01/11 4053 $210

108 Whiore Avenue $340,000 11/11 2104 $162

With respect to the take up of available industrial premises, there has since 2008 been an increase in the supply of accommodation due to tenants vacating premises or closing businesses. We anticipate that through 2012 there will be some downward pressure on rentals as Landlord’s compete to secure and retain tenants. The latter is particularly important in the present economic climate for the protection of asset value. Our analysis of the available evidence from recent new leases that have been negotiated indicates a range of $57.50 - $110.00 per square metre for workshop/warehouse/storage space and $115 - $180 per square metre for office/showroom space.

AN

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industrial for leaseTAURANGA SIZE SQM RENTAL $/SQM

Marsh Street, Tauranga Low-stud workshop and large office. Excellent road profile.

47 $6,600 $140.00

Birch Avenue, Tauranga Ideal contractor depot. basic set-up with office and workshop. Access off Birch Ave and Amber Crescent.

111 $9,990 $90.00

Birch Avenue, TaurangaStreet front position, drive through workshop to rear yard, amenities and office.

123 $24,000 $195.00

Marsh Street, Tauranga Low-stud workshop with ground and first floor offices.

134 $15,000 $112.00

Burrows Street, TaurangaVery tidy unit with two car parks. Building signage visible from Fifteenth Avenue.

137 $13,750 $100.36

Maleme Street, TaurangaUnit 1 - Showroom, flat and warehouse.Unit 3 - Workshop, offices and amenities.

138300

$25,000$25,000

$181.00$83.33

Maleme Street, Tauranga Standard industrial unit with workshop, smoko room, office and amenities.

140 $13,000 $93.00

Brook Street, Tauranga Frontage unit with workshop, office, mezzanine, additional rooms and shower. Two carparks.

148 $15,000 $101.00

Marsh Street, Tauranga A mixture of office and low-stud industrial space.

181 $21,600 $119.34

Courtney Road, TaurangaComprises of workshop, office, services and two car parks.

185 $16,000 $86.48

SH2 Whakamaramara, Omokoroa Medium-stud height concrete bloke structure with four roller doors. Subdividable into two tenancies. Service facilities are shared with Gull Gas Station. Prospective tenant must be non-competing with surrounding businesses and of passive nature.

192 $12,500 $65.00

Marsh Street, Tauranga Standard north-facing workshop. Landlord will build office at tenant’s request if necessary.

198 $19,200 $97.00

Roxanne Place, TaurangaNorth facing industrial unit in a commercial zone. Tinted glass and high stud.

200 $17,000 $85.00

Amber Crescent, Tauranga Street front tenancy. One office with lunchroom above and five car parks at front of building.

200 $21,120 $105.00

Maleme Street, TaurangaTidy standard industrial unit with possibility of accommodation.

200 $17,000 $85.00

Maleme Street, TaurangaComprising of workshop, exclusive office, and shared smoko room. Parking at the rear.

216 $15,000 $69.45

Fifteenth Avenue Rough old place, but dry and functional. Cheap and ideal for someone building a boat or working on campervans etc.

220 $12,000 $54.54

Glasgow Street, Tauranga Well presented older place, workshop/showroom, car parking area at front, and concrete yard at rear.

240 $28,000 $117.00

Alach Street, Tauranga240 sqm factory area serviced by two roller doors, including upstairs office.

240 $19,200 $80.00

Crossroad, Tauranga Good shed with 60 sqm mezzanine.

240 $20,000 $84.00

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TAURANGA SIZE SQM RENTAL $/SQM

Koromiko Street, Tauranga Modern high-stud building with all the usual amenities in early Judea.

240 $26,000 $108.00

Brook Street, TaurangaComprises of workshop, wash-bay, office, smoko room, cesspit for car detailer and two carparks. Position for signage on composite board at front of the complex.

242 $22,000 $90.90

Birch Avenue, Tauranga Inner-corner unit. Workshop with good lighting and three-phase power. Two car parks.

245 $18,375 $75.00

Courtney Road, TaurangaAn affordable unit with good facilities.

259 $20,040 $77.37

Barberry Street Good unit with street frontage comprising of office, services, workshop and on-site parking. Can be combined with RHS tenancy providing 606 sqm total floor area.

278 $20,850 $75.00

Maleme Street, TaurangaUnit 1 - Showroom, flat and warehouse.Unit 3 - Comprises of workshop, offices and amenities.

138300

$25,000$25,000

$181.00$83.33

St Johns Street, Tauranga Two ground floor offices, two large offices and one smaller office on first floor. Carpeted and cabled with roller-door access from front to storage space. Four carparks.

300 $28,000 $93.33

Page Street, TaurangaExcellent unit with workshop, office, smoko room, services and parking.

300 $28,500 $95.00

Koromiko Street, Tauranga High-profile position with excellent signage exposure. Comprises of workshop, office, reception, services and five on-site carparks.

310 $28,500 $92.00

Glenlyon Avenue, Tauranga Middle unit with full facilities and freshly painted exterior.

314 $20,000 $63.69

Birch Avenue, TaurangaComprises workshop, office, smoko room, services, mezzanine, four car parks.

321 $24,500 $76.32

Courtney Road, Tauranga Plan on file for this double-sized unit which includes workshop, smoko room, and four carparks.

337 $27,000 $80.00

Palm Grove, Tauranga Exposure to Waihi Road. Includes office, workshop, amenities, mezzanine and three carparks.

337 $27,000 $80.00

Roxanne Place, Tauranga First floor comprises a modern one bedroom apartment with gas cooking and heating, as well as a heat-pump and fire security. Ground floor comprises of two offices, showroom and workshop. Six car parks.

346 $36,400 $105.20

Maleme Street, TaurangaOlder style industrial complex with strong corner profile. 300 sqm workshop, 60 sqm administration space, 84 sqm of low-stud canopy and plenty of excess yard area.

360 $29,500 $82.00

Corner of Barberry Street and Birch Avenue Industrial building in prominent high-profile position.

365 $29,000 $79.00

Fifteenth Avenue, TaurangaShowroom, office, warehouse, mezzanine and three covered carparks.

380 $42,500 $112.00

Sherson Street, TaurangaIncludes security fenced yard with shared access.

381 $31,000 $81.00

industrial for lease




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Maleme Street, TaurangaComprises warehouse, office, amenities, loading bay and plenty of parking.

385 $34,000 $88.32

Maleme Street, TaurangaHigh-stud workshop with two roller doors. Foreman’s office at rear, two offices at front and service rooms. Good wide accessway and on-site parking.

418 $35,500 $85.00

Birch Avenue, TaurangaComprises workshop, office, smoko room and three car parks.

419 $32,472 $77.50

Cypress Street, Tauranga Road frontage unit. Includes workshop, showroom, offices and amenities. Refurbished interior.

460 $24,000 $52.20

Alach Street, Tauranga Excellent premises with loading dock, multiple roller doors, workshop, offices and plenty of off-street parking.

469 $35,000 $75.00

Glenlyon Avenue Functional site with workshop, office, staffroom, services ad five carparks.

470 $32,900 $70.00

Maleme Street, TaurangaHigh-stud clear span workshop, stand alone office building.

484 $44,400 $91.73

Maleme Street, TaurangaThree offices, large open-plan office, high-stud warehouse and electric roller door. Offices are data-cabled, air-conditioned and alarmed throughout.

489 $45,000 $92,00

Maleme Street, TaurangaExcellent street front tenancy with good vehicle access. Workshop, office, smoko room, services, mezzanine and seven car parks.

490 $41,000 $83.67

P FLOOR AREA OF 460 SQUARE METRES. P SPACIOUS SHOW ROOM & TWO OFFICES.

P CLEAR-SPAN HIGH-STUD WORKSHOP.

P DUAL SERVICES FACILITIES AND STORAGE MEZZANINE.

P GENEROUS ACCESSWAYS FOR EASY TRANSPORT MOVEMENT.

BARGAIN RENT OF $24,000 PA!

THAT’S JUST $52 PER SQUARE METRE!

IF THIS DEAL DOESN’T EXCITE YOU, CHECK YOUR PULSE, YOU MIGHT BE DEAD!

Otherwise contact Tony Doms NOW!

Fully refubished in JudeaINDUSTRIAL LEASE DEAL OF THE CENTURY

Tony Doms Licensed Real Estate Agent (REAA 2008) - Associated Realty Ltd 07 571 0716


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Birch Avenue, Tauranga Half rent year one!

505 $47,975 $95.00

Maleme Street, TaurangaWorkshop, mezzanines, smoko rooms and offices. Full drive-round access to both premises.

517963

$41,360$77,445

$80.00$80.42

Alach Street, TaurangaComprising of 396 sqm factory area including office, ablutions and smoko room. Plus there is an adjoining office complex of 156 sqm which was formerly utilised as an apartment and includes air-conditioning, kitchen and bathroom facilities.

552 $48,500 $87.86

Chadwick Road, Tauranga Excess yard of 1,200 sqm, sealed and security fenced is included in the lease of this property. The building was formerly used for vehicle servicing and still has a service pit in place.

560 $58,000 $103.57

Birch Avenue, Tauranga Stand-alone building with two sets of facilities, which could be dual tenancies.

563 $37,252 $66.00

Burrows Street, TaurangaComprising of 237 sqm workshop, two roller doors plus one closed in roller door, 54 sqm ground floor office, 231 sqm first floor office, and storeroom, 72 sqm mezzanine storage, 40 sqm open canopy, 32 sqm enclosed canopy, and twenty-six car parks.

594 $65,000 $109.42

Erica Street, Tauranga High-stud height and gantry crane. Close to CBD in Judea Valley. North facing with air-conditioned offices.

686 $71,000 $103.50

Maleme Street, Tauranga Large clear-span workshop, office, facilities, excess yard at rear. Good wide access way.

696 $40,000 $57.47

Chadwick Road, Tauranga Can be configured to meet tenant’s needs. Basic plan provides a 2-level building with offices on first floor and office and workshop on ground floor. Twelve car parks.

735 $80,850 $110.00

Maleme Street, Tauranga High-stud industrial space with front office and a large security fenced yard.

764 $55,000 $71.98

Montgomery Road, Tauranga Well presented building with a one-and-a-half ton monorail gantry crane.

770 $52,000 $67.53

Glenlyon Avenue, TaurangaRear tenancy of this property of two tenants. Plenty of car parking and generous turning areas for heavy goods vehicles. High-stud and lined internally, large office, tinted glass showroom.

847 $65,643 $77.50

Cypress Street, TaurangaHigh-stud workshop, offices and canopy. Turn-around area at rear.

894 $76,000 $85.00

First Avenue, TaurangaIndustrial building ideally suited to a company selling their products to trade or public.

973 $45,000 $46.24

Maleme Street, Tauranga Substantial factory building with administrative areas. Roller doors and good wide accessway. Exposure to SH 29.

994 $55,000 $55.00

Maleme Street, TaurangaSubstantial building with metalled yard ideal for transport depot or contractors. Good profile to SH 27.

1,039 $140,000 $134.74

Glenlyon Avenue, TaurangaModern industrial building, offices facing the road, good access for heavy vehicles.

1,092 $91,140 $83.46





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Whakakake Street, Tauranga Brand new building in Tauriko with two gateways allowing trucks to enter, unload and drive off-site without backing.

1,248 $110,805 $88.78

Sherson Street, TaurangaComprises of extensive workshops, offices and excess yard areas.

1,288 $104,328 $81.00

Pukemapu Road, Oropi, TaurangaComprises 1,137 sqm packing shed, 92 sqm office, 200 sqm mezzanine storage and 91 sqm canopy. Zone is rural G with resource consent for warehouse.

1,428 $85,000 $59.52

Courtney Road, TaurangaPlans on file for nine units, comprising of workshop, office, smoko room and services. Eleven car parks.

1,794 TBA TBA

Mirrilees Road, TaurangaLarge scale high-stud building with multiple roller doors, offices, ten car parks plus 2,500 sqm of yard.

1,902 $250,300 $132.00

Hynds Road, TaurangaHigh-stud workshop with two stories of offices totalling 164 sqm, sealed parking areas.

2,123 $120,000 $56.52

Tauriko Business Estate, TaurangaLot 77. The owner of this site will finance a building in return for a long-term lease. This is one of the best sites available in this development.

3,924 By neg. By neg.

Maleme Street, Tauranga Suitable for large scale manufacturing, storage or transport. 5,000 sqm of workshop including 500 sqm of office space. 1.2 hectare site has extensive yards and seventy carparks.

5,000 $370,000 $74.00


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AS DETAILED IN ThE LAST ISSUE OF ASSOCIATED NEWS, ThE 2010 BUDgETINTRODUCED ChANgES to apply from the 2011/2012 income year disallowing depreciation deductions for buildings with an estimated useful life of 50 years.A one-off transitional rule (section DB 65) has been introduced to provide relief in respect of fit-out of commercial buildings acquired before the 2011/2012 income year which had not previously been recorded and depreciated separately from the building. The transitional rule provides that the owner of the fit-out can claim a deduction for up to 15% of the building’s adjusted tax book value calculated at 2% straight-line per annum until the building is disposed of.Note that this claim is not classified as depreciation, and there is no further deduction of any remaining balance in the fit-out pool allowed if there is ultimately a loss on disposal. Neither will there be any recovery income if proceeds exceed the written down value of the fit-out pool at time of sale.

To be eligible for the deduction:

n The taxpayer must have acquired the commercial building before 2011/2012 income year.

n Depreciation deductions have been allowed on the building for the 2010/2011 income year and the building has not been disposed of.

n Commercial fit-out had not been separately depreciated if the fit-out was acquired at the same time as the building.

n No deduction has been allowed on the building under any provisions in the Income Tax Act 2007 for the income year.

ExAMPLE:Company ABC acquired a warehouse on 1 April 1999 for $1 million. Items of commercial fit-out within the building were not separately identified and depreciated at the time the building was acquired. Twelve months later a refurbishment of the warehouse was completed. The refurbishment was itemised and depreciation was applied to the various items of commercial fit-out. At the end of the 2010-11 income year the adjusted tax book value of the warehouse is $640,000 and the adjusted tax book value of the associated commercial fit-out is $64,000. The starting pool value is: • (15% × 640,000) − 64,000 = $32,000 The annual deduction, assuming that the building is held for the 2011-12 income year is: • $32,000 × 2% × 12/12 = $640

You will recall from our last article that IRD issued an exposure draft (ED 0140) expressing the view that the taxpayer is unable to retrospectively split out the fitout after the building has been depreciated as one single asset. We do not agree with IRD’s view and submissions have been made accordingly. At the date of writing this article, IRD had not responded to the submissions.

If you would like further information on this or any other accounting issues, please contact one of the team at Young Read Woudberg on 07 578 0069. Details of services provided by Young Read Woudberg and related information can also be found at the website www.yrw.co.nz.

Note: The contents of this article have been prepared based on the law and its effects at the time of publication. It is not intended to be exhaustive nor to be used to cover the individual property circumstances. Before relying on any issues raised in this article you should seek separate accounting advice taking into account your individual circumstances. DaveEnsor-Associate KirstyShaw-Associate

AN

Depreciation of commercial fit-out

PARTTWO




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industrial for leaseMOUNT MAUNGANUI SIZE SQM RENTAL $/SQM

Totara Street, Mount MaunganuiOpen plan space and services, one exclusive and one shared car park.

68 $11,000 $162.00

Newton Street, Mount Maunganui Suitable for motor home storage. No office but landlord will install a toilet.

75 $5,250 $70.00

Aviation Avenue, Mount MaunganuiSmall unit with central court parking.

78 $11,000 $141.00

Ashley Road, Mount MaunganuiVery tidy unit with office, kitchenette and toilet. Roller door at front, shared parking.

84 $7,140 $85.00

Tukorako Drive, Mount MaunganuiUnit is right at the entrance to Tukorako Drive, part of an attractive complex.

96 $12,000 $125.00

MacDonald Street, Mount Maunganui Ideal for tradesman depot. No office, but there is a toilet. High roller door access and one carpark.

103 $9,000 $87.38

Enterprise Drive, Papamoa House Centre Workshop Front WorkshopSpacious residence with two workshops, (no offices), available individually or collectively. Spacious yard provides access and parking.

104 180 223

$13,000 $13,000 $19,000

$125.00 $72.00 $85.00

MacDonald Street, Mount MaunganuiSmall stand-alone unit with full exposure to Maunganui Road. 51 sqm workshop, 66 sqm office/reception, good parking.

117 $15,800 $135.04

Newton Street, Mount Maunganui Good clean unit with natural gas and a gully trap for food manufacturing.

121 $12,000 $99.17

MacDonald Street, Mount Maunganui Left side rear unit. Two carparks.

126 $13,000 $103.17

Hull Road, Mount MaunganuiMezzanine floor office area and a smoko area. Workshop with roller door.

130 $10,000 $77.00

Aerodrome Road, Mount Maunganui Tidy industrial unit, office and lunchroom, 18 sqm of mezzanine storage.

142 $12,000 $84.50

Newton Street, Mount MaunganuiIndustrial unit with clear profile to Newton Street, two car parks, office and toilet.

143 $14,200 $99.30

Ashley Place, PapamoaModern high-stud unit with full facilities including shower and two car parks.

144 $14,329 $99.50

Reynolds Place, PapamoaFirst unit in a complex of three, with secure enclosed yard. Some street profile down a wide ROW.

150 $12,000 $80.00

Tukorako Drive, Mount MaunganuiUnit in the heart of the Mount industrial area. Two car parks.

155 $15,275 $98.55

Reynolds Place, PapamoaNear new unit with easterly aspect. Full stud height and high roller door.

157 $15,000 $95.54

Cherokee Place, Mount MaunganuiOffice with sink-bench, workshop, services, mezzanine and two car parks.

174 $15,000 $86.20

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Ashley Place, PapamoaNew industrial unit, tilt slab concrete with tinted window glass.

177 $14,160 $80.00

Tawa Street, Mount MaunganuiTidy industrial building comprising of 86 sqm workshop, 60 sqm mezzanine plus 18 sqm upstairs office and 17 sqm office downstairs.

181 $14,000 $77.34

Totara Street, Mount MaunganuiMedium-stud and of concrete block construction, 81 sqm office and 103 sqm workshop. Plenty of yard area and parking.

184 $21,750 $118.00

Macrae Avenue, Mount Maunganui Road front unit, available as a sublease. Tenant must be compatible with head leasee. Three car parks.

185 $15,000 $81.00

Ashley Place, Papamoa High-stud, three-phase power outlets, security system.

206 $14,400 $69.90

Ashley Place, PapamoaNorth facing unit with views over Papamoa water reserve. Tinted glass and tilt slab interior walls. High-stud with motorised roller door.

206 $14,400 $69.90

Tawa Street, Mount MaunganuiStreet front unit with a glass frontage, rear roller doors.

220 $22,000 $100.00

Tukorako Drive, Mount MaunganuiWorkshop, mezzanine, office, services and three car parks.

220 $19,826 $90.00

Newton Street, Mount Maunganui Good clean courtyard unit with workshop, office, smoko room and two carparks. Wide accessway provides easy access for trade vehicles.

220 $20,000 $90.90

Newton Street, Mount Maunganui Suitable for industrial or bulk retail use. Street frontage to a cul-de-sac off Newton Street, but clearly visible from Newton Street.

232 $25,000 $107.75

Newton Street, Mount Maunganui Modern building with stud height of 6.25m rising to 7.35m. A sealed and security fenced yard is available with this unit.

245 $27,740 $113.22

Tukorako Drive, Mount Maunganui The first six months the rental rate will be at $40.00 sqm then rising to $80.00 sqm providing tenant agrees to an initial three year period.

248 $9,920 $40.00

Ashley Place, Papamoa Tilt slab construction with a ground floor of 150 sqm and first floor of 100 sqm with a roller door at the front and shared parking.

250 $18,750 $75.00

Tukorako Drive, Mount Maunganui High-stud unit on sunny side of accessway. Available at one month’s notice.

260 $24,700 $95.00

Hull Road, Mount MaunganuiHigh-profile, road frontage, two large roller doors, two offices, lunch room and ample parking.

261 $30,000 $114.94

Tawa Street, Mount Maunganui Attractive frontage unit with workshop, two offices and service rooms including shower. Three on-site carparks.

275 TBA TBA

Tukorako Drive, Mount Maunganui 190 sqm workshop/warehouse, 20 sqm office, 70 sqm mezzanine.

280 $23,750 $84.82




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STREET FRONTAGE & COMMERCIAL ZONING!

• 328SQMofbulkretailshowroom.• $40,000annualrent.• Customerparkinginfrontandmoreparkingatrear.• Rollerdooraccessatrear.

Alan Dickson Licensed Real Estate Agent (REAA 2008) Associated Realty Ltd 07 571 0716

15 Newton Street, Mount Maunganui

FACELIFTED AND TIDIED13 Totara Street,

Mount Maunganui

• 403SQMofstreetfrontshowroomwithwarehousingbehind.• $33,000annualrent.• SitedonabusyarterialrouteforMountboundtraffic.• Landlordwillmodifythebuildingforalongtermtenant.

Alan Dickson Licensed Real Estate Agent (REAA 2008) Associated Realty Ltd 07 571 0716


Aerodrome Road, Mount MaunganuiExcellent road frontage, stand-alone warehouse with two toilets and shower. Large rear yard 681 sqm with plenty of parking.

280 $34,000 $121.42

Totara Street, Mount MaunganuiShowroom frontage to Totara Street and roller door at rear, with access from Tawa Street. Ideal for bulk retail. Plenty of parking.

285 $33,000 $116.00

MacDonald Street, Mount MaunganuiRear unit ideal for automotive servicing. Good office and reception facilities on the ground -floor and a second first floor office. Three roller doors give access.

296 $27,733 $93.69

MacDonald Street, Mount MaunganuiWarehouse space, suitable for storage. No office or facilities. Eleven car parks.

300 $27,000 $90.00

Newton Street, Mount MaunganuiWarehouse 180 sqm, mezzanine 100 sqm and office 20 sqm.

300 $16,900 $56.33

Newton Street, Mount MaunganuiVery smart road front property with workshop, showroom and first floor mezzanine. Two car parks.

310 $23,250 $75.00

Kereiti Street, Mount MaunganuiNear new property, open-plan interior, seven car parks. Signage rights.

310 $37,200 $120.00

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Portside Drive, Mount Maunganui This is the middle unit facing Triton Avenue. Good parking in front yard which could be security fenced if necessary.

319 $32,500 $101.88

Owens Place, Mount Maunganui Upmarket unit with secure parking in front. Attractive location close to Bayfair and Owens Place shopping centres.

320 $40,000 $125.00

Newton Street, Mount MaunganuiModern end unit with good profile to Maunganui Road over the railway tracks. Zoned for commercial business.

325 $30,000 $92.30

Newton Street, Mount Maunganui Ideal for retail tenant, this is a road-front stand-alone property with a roller door at the rear. Customer parking available at the front.

328 $40,000 $121.95

Reynolds Place, Mount Maunganui Unit 5 - Near new unit with centre court parking. High-stud, good access, tilt slab.

334 $26,720 $80.00

Reynolds Place, Mount MaunganuiUnit 6 - Near new unit with centre court parking. High stud, good access, tilt slab.

334 $26,720 $80.00

Tukurako Drive, Mount Maunganui Modern space with workshop, office and services.

380 $36,000 $95.00

Newton Street, Mount Maunganui High-stud industrial space. Roller door access facing Newton Street.

400 $40,000 $100.00

Totara Street, Mount Maunganui The street frontage of this building makes it ideal for an industrial use, selling direct to the public.

403 $33,000 $81.88

Hull Road, Mount MaunganuiModern road frontage showroom with offices and warehouse.

404 $42,000 $104.00

MacDonald Street, Mount Maunganui Ideal for destination retail or merchant business use, this building comprises of showroom, office, warehouse and amenities, with twelve on-site carparks.

404 $54,240 $134.00

Hocking Street, Mount Maunganui Workshop, showroom, road frontage to Hocking Street and good on-site parking.

407 $42,915 $105.44

Triton Avenue, Mount Maunganui Basic industrial building strategically located near the port. Includes a mezzanine floor, (which can be removed).

408 $25,000 $61.27

Newton Street, Mount MaunganuiHigh profile, would suit bulk retail unit.

414 $51,552 124.52

Truman Lane, Mount Maunganui Modern factory building with showroom, high-stud workshop and office. The 1720 sqm site provides good parking and turning areas.

420 $35,000 $83.00

Newton Street, Mount Maunganui Near new building with three ground floor offices plus reception and smoko room. Five car parks.

463 $41,670 $90.00

Hull Road, Mount MaunganuiHigh-stud building which is split into two tenancies with one currently tenanted. Large workshop, office and facilities.

466 $27,960 $60.00

Newton Street, Mount Maunganui Clear-span high quality showroom / warehouse space with ample car parking.

473 $60,000 $126.85

Hewletts Road, Mount Maunganui Well presented industrial building with a brick frontage. Includes a rear fenced yard with Cherokee Place access.

500 $45,000 $90.00

Newton Street, Mount Maunganui High profile, would suit bulk retail unit.

509 $61,200 $120.23




MOUNT MAUNGANUI SIZE SQM RENTAL $/SQM

Portside Drive, Mount MaunganuiModern stand-alone high-stud property, workshop, office, amenities, sealed and security fenced yard.

523 $42,000 $80.30

Atuaroa Avenue, Te Puke327 sqm floor, 200 sqm mezzanine, yard is 1273 sqm and has a covered wash down facility and sump and consent for a wrecking yard.

527 $38,400 $72.86

Hewletts Road, Mount Maunganui Building with yard and roller doors. Access from a service lane off Aerodrome Drive and ROW down right side of building. New front being built to improve street appeal.

539 $68,000 $126.00

Te Mairie Street, Mount MaunganuiModern industrial building with secure yard.

555 $44,000 $79.28

Aerodrome Road, Mount Maunganui High-stud building, recently upgraded. Includes office, lunchroom and drive through access.

560 $50,400 $90.00

Enterprise Drive, PapamoaModern stand-alone building, office space plus services and workshop. Yard is concreted and security fenced.

580 $39,500 $68.10

Puriri Street, Mount MaunganuiHigh-stud showroom, reception area, office and mezzanine.

651 $51,665 $79.36

Hewletts Road, Mount MaunganuiHigh profile, high-stud building, three large roller doors, office, lunch room with ample parking plus yard space.

680 $48,000 $70.58

Newton Street, Mount Maunganui This premises fronts Newton Street and is zoned commercial business.

700 $56,000 $80.00

Cessna Place, Mount Maunganui Modern building high profile corner location. No office, but landlord is prepared to build one to suit tenant.

1,032 $99,030 $95.95

Aerodrome Road, Mount MaunganuiModern premises comprising of showroom, warehouse and full mezzanine floor.

1,167 $76,700 $65.72

Newton Street, Mount Maunganui215 sqm office/showroom area, 968 sqm workshop, two large roller doors and drive round delivery access. High-stud with good parking.

1,182 $100,000 $84.60

Portside Drive, Mount Maunganui A modern stand-alone building comprising of two workshops, multiple offices, mezzanine floor, canopies and amenities. Can be split into three tenancies.

1,206 $96,270 $80.00

Mark Road, Mount Maunganui5 metre high-stud, basic amenities, drive through access via street and service lane at the rear.

1,272 $89,000 $70.00

Hewletts Road, Mount MaunganuiIncludes extensive outdoor yard areas on the 4201 sqm site.

1,527 $150,000 $98.23

Triton Avenue, Mount Maunganui An industrial building with front offices and a showroom, which could be used for retail display. The building has recently had a new roof and the building’s interior has been repainted.

1,842 $123,000 $66.77

Ashley Place, Papamoa Near new complex with high-stud and full drive-round facility. 2013 sqm comprises of workshop, showroom, office and lunch room. 1727 sqm comprises of workshop and lunchroom.

2,013 1,727

$150,000 $150,000

$75.00 $87.00

Hewletts Road, Mount MaunganuiPrime position with huge profile. Landlord will lease as is, modify to suit, or split into two tenancies.

4,000 $178,000 $445.00

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LOCATION SIZE SQM RENTAL $/SQM

Burrow Street, TaurangaComprising of workshop with three roller doors, ground floor office, first floor office and storeroom, mezzanine storage, open canopy and enclosed canopy. Twenty-six car parks.

594 $65,000 $109.42

Cameron Road, TaurangaOlder style shop, great exposure to the Ninth Avenue roundabout.

70 $12,600 $180.00

Cameron Road, TaurangaNeat self-contained retail shop in the fringe CBD area. Includes one carpark.

100 $20,000 $200.00

Cameron Road, TaurangaBrand new space in the new BNZ Business Branch. Wide frontage to Cameron Road. Includes one covered car park. Premises available as a bare shell ready for fit-out.

118 $30,680 $260.00

Cameron Road, TaurangaNear new premises with suspended ceilings, two car parks.

275 $55,000 $200.00

Cameron Road, TaurangaFully sealed sales yard and sales office. 80 sqm floor, 687 sqm land.

80 $60,000 N/A

Cameron Road, Tauranga Comprises of a workshop, office, mezzanine and garage with service lane designation at rear. 20 metre frontage to Cameron Road. City fringe location.

409 $60,000 $147.00

Cameron Road, TaurangaCurrently a bare shell to enable maximum flexibility to incoming tenants. Up to eleven car parks available.

357 $71,400 $200.00

Cameron Road, Tauranga Ex car sales complex that comprises of showroom with offices, basement workshop and twenty sealed car parks. Corner position.

447 $88,500 $198.00

Cameron Road, TaurangaArchitect designed and to be built on south-western corner of Cameron Road and Twelfth Avenue.

350 $99,750 $285.00

Cameron Road, Tauranga Prime corner position, comprises of showroom, basement storage. Ten on-site car parks.

1268 $155,000 $122.24

Cameron Road, TaurangaProperty comprising of 2942 sqm main store, 490 sqm office/amenities, 62 mezzanine plant room and 231 car parks.

3,494 $584,000 $167.00

Cameron RoadRetail and offices to be developed to suit individual tenant’s needs. Car parking for up to 100 vehicles. Great corner frontage on Twelfth Ave and Cameron Rd.

Up to 2,000

By neg. By neg.

Carlisle Street, TaurangaOlder retail building with storage and a small yard.

194 $13,500 $69.58

Chapel Street, Tauranga High-profile corner position which would make an ideal showroom. Three car parks.

175 $30,000 $172.00

Crossroad, Tauranga Retail space near the boat launching ramps and marina, so ideal for a marine related business. Six to eight car parks.

381 $95,250 $250.00

Devonport Road, TaurangaSmall shop available, opposite Farmers, for first time in 35 years!

96 $20,000 $208.00

Devonport Road, Tauranga - Piccadilly ArcadeTidy shop with passing pedestrian traffic. Floor area could be increased to include shop next door.

47 $21,190 $450.00

retail for lease




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Devonport Road, Tauranga - Piccadilly ArcadeTidy shop with passing pedestrian traffic. Floor area could be increased to include shop next door.

48 $21,811 $450.00

Devonport Road, TaurangaPrestigious Goddard’s Mall in Tauranga with very high foot traffic.

60 $27,081 $450.00

Devonport Road, TaurangaPrestigious Goddard’s Mall in Tauranga with very high foot traffic.

70 $31,500 $450.00

Devonport Road, TaurangaGreat retail position. New frontage is being fitted.

85 $40,000 $470.00

Devonport Road, TaurangaPredominantly showroom with service area at the rear.

200 $40,000 $200.00

Devonport Road, Tauranga Distinctive premises in a high profile mid-Devonport Road position.

178 $49,000 $275.00

Devonport Road, TaurangaGood clean frontage with two car parks.

180 $55,000 $306.00

Devonport Road, TaurangaHigh profile corner space, shop is air-conditioned. One car park.

166 $62,000 $373.49

retail for lease

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Devonport Road, TaurangaHigh profile corner shop facing Devonport Road and Piccadilly Arcade.

97 $62,865 $648.00

Devonport Road, TaurangaPremium corner position on Devonport Road and Elizabeth Street. Ideal for retail, bank or corporate tenant wanting maximum exposure.

185 $70,000 $378.00

Devonport Road, TaurangaVery smart premises located in a high pedestrian area, air-conditioned with eight car parks.

400 Offers Offers

Devonport RoadNew development to be constructed. Five levels of offices, two 100 sqm retail shops, 34 carparks at $30 per week. Dual elevators. Each level has 730 sqm of lettable area. Offices Retail

730 100

$219,000 $40,000

$300.00 $400.00

Devonport Road High profile retail position. Good clean premises.

167 Offers Offers

Durham Street, TaurangaProminent corner position (Elizabeth Street) with huge showroom and basement storage area with seven to ten on-site car parks.

1,717 $190,000 $111.00

Eleventh Avenue, TaurangaTwo adjoining shops, which can be combined, in a very strong shopping complex with good customer parking.

6160

$13,090$13,112

$215.00$218.00

Elizabeth Street, TaurangaA rare opportunity to be part of one of the strongest retail clusters in Tauranga.

743 $136,930 $184.00

Corner Fifteenth Avenue and Bernard Street, Tauranga Prominent corner site, owner will redevelop for car yard or other business requiring excess yard area. Rental will be assessed in line with tenant’s requirements.

2,500 By neg. By neg.

First Avenue, TaurangaVery smart boutique shop in strong fringe CBD location. Fashion type business preferred. 135 sqm plus courtyard.

135 $42,000 $311.00

Fourth Avenue, TaurangaMade up of spacious office and two showrooms. Good clean property with visibility from Cameron Road.

514 $50,000 $98.00

Fourth Avenue, TaurangaConfigured as 2 x retail/office tenancies on the top level, each 400 sqm, and a basement warehouse of 800 sqm.

1,600 $296,000 $150-$220

Gravatt Road, Papamoa Shop 1 Shop 5 Layout plans on file.

304 152

$85,036 $31,420

$280.00 $206.00

Gravatt Road, Papamoa Tenancy A Tenancy B New shop currently as one tenancy but seeking council consent to split into 2 tenancies. Lots of customer parking.

300 220

$75,000 $44,000

$250.00 $200.00

Gravatt Road, PapamoaLarge retail shop, open plan area, rear storage with rear entry, and on-site parking.

255 $58,650 $230.00

Gravatt Road, PapamoaIdeally suited for a cafe-style business. Air-conditioned.

95 $30,875 $325.00

Gravatt Road, PapamoaIdeal for a food operator.

110 $33,000 $300.00

Gravatt Road, PapamoaRetail space, well presented, lighting and fully carpeted. Includes paraplegic toilet and small office. Excellent on-site parking.

87 $25,578 $294.00

retail for lease




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LOCATION SIZE SQM RENTAL $/SQMGravatt Road, PapamoaRetail space, popular modern shopping complex. Excellent on-site parking.

143 $35,750 $250.00

Gravatt Road, PapamoaRetail space, popular modern shopping complex. Excellent on-site parking.

144 $36,000 $250.00

Grey Street, TaurangaWide frontage retail space, roller door access via rear service lane. Two car parks.

212 $42,200 $199.00

Grey Street, TaurangaGood location and suitable for a variety of retail options. Currently a cafe.

105 $34,000 $323.00

Hewletts Road, Mount MaunganuiLarge first floor showroom, shared toilets and lunchroom.

338 $25,000 $74.00

Kereiti Street, Mount MaunganuiNear new, mostly open-plan interior. Seven car parks.

310 $37,200 $120.00

MacDonald Street, Mount MaunganuiShowroom, office, warehouse and amenities on first floor and twelve on-site carparks. May be possible to subdivide.

404 $54,240 $134.00

Maunganui Road, Mount MaunganuiLocated at the left-hand rear side of the Cruise Deck shopping precinct.

58 $12,000 $207.00

Maunganui Road, Mount MaunganuiLocated at the right-hand rear side of the Cruise Deck shopping precinct.

91 $17,000 $187.00

Maunganui Road, Mount MaunganuiOlder style rectangular premises with one car park and rear service lane.

87 $28,876 $332.00

Maunganui Road, Mount MaunganuiHigh-stud premises with own facilities and one car park.

158 $33,000 $209.00

Maunganui Road, Mount MaunganuiHigh-stud premises with own facilities just a block away from Mount town centre. High profile position.

143 $33,000 $230.00

Maunganui Road, Mount MaunganuiSuitable for retail, offices or hospitality, this recently refitted premises include 127 sqm ground floor, 37 sqm first floor and five on-site car parks.

164 $39,810 $243.00

Maunganui Road, Mount MaunganuiPrime location in heart of the Mount retail shops. One car park and service lane access to rear of the shop.

184 $53,980 $294.00

Maunganui Road, Mount MaunganuiWide frontage retail, storeroom, office with rear loading from service lane. Two car parks.

223 $71,042 $318.57

Minden Road, Te Puna, TaurangaBrand new and ready to go with excellent exposure to the SH2. Plenty of parking.

380 $87,054 $229.00

Minden Road, Te Puna, TaurangaOnly two years old and excellent parking with State Highway 2 exposure. Wheelchair access, toilet, office with full view of showroom, two separate storerooms / workshops both with roller doors.

274 $62,770 $229.09

Puriri Street, Mount Maunganui High-stud showroom, reception area, office and mezzanine.

651 $51,665 $79.36

Parton Road, PapamoaComprises of a ground floor commercial area - ideal for retail or office, plus one bedroom studio apartment upstairs.

120 $21,400 $178.00

Parton Road, PapamoaLots of exposure to Parton Road makes this ideal for a small retail operation.

62 $12,000 $193.54

Second Avenue, TaurangaThe owner is prepared to refit the property to retail or office specification.

262 $90,000 $344.00

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Second Avenue, TaurangaIdeal for destination retail site with expansive showroom area. Limited parking at the rear and access from front. Rear access from service lane could be possible.

300 $45,000 $250.00

Second Avenue, TaurangaRetail building with excellent presentation and ample off-road parking in front.

400 $68,000 $170.00

Spring Street, TaurangaFantastic location fronting on to Red Square, air-conditioned and can be combined with the adjoining shop to provide a total of 214 sqm.

119 $53,400 $448.00

State Highway 2, Bethlehem, TaurangaNew development with exposure from the Bethlehem roundabout on SH2. Each tenant will be self-contained with own services and share nine common on-site car parks.

96 108 113

$39,000 $37,000 $35,000

$406.00 $343.00 $310.00

Te Puna Road, TaurangaIdeal 1,880 sqm display yard, nursery etc with 78 sqm site office.

78 $38,000 N/A

Te Puna Road, TaurangaTe Puna commercial centre, plans on file. Retail (150 sqm) Warehouse (177 sqm).

150177

$27,000$30,500

$180.00$172.00

Third Avenue West, TaurangaOld building upgraded to a modern standard.

252 $45,000 $180.00

Welcome Bay Road, TaurangaRear shop in Welcome Bay Village. Suitable for a small boutique.

90 $10,000 $111.11

Willow Street, TaurangaEarthquake strengthened, good frontage to Cameron Road.

281 $67,000 $238.00

Willow Street, Tauranga A must view. High CBD profile retail space with large window street frontage. Includes ground floor and mezzanine area, toilet and kitchen facilities.

556 $90,000 $161.87




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ThE ChRISTChURCh EARThqUAKE has taken a significant toll on the people of Canterbury and the people of New Zealand. Local financial and economic costs to continue to run and will do so for some time. Personal and emotional costs, while tricky to measure, are surely beginning to run near the top of the all time list for New Zealand in as far as disaster events.

There have also been significant downstream effects for many people nationally. For commercial property owners in quake hit Christchurch the economic implications have been dramatic. Cases of inadequate insurance, uncertainty and ongoing wrangling around insurance, and in extreme cases no insurance, have driven some owners to the wall and for others turned a very favourable situation into a dire one.

On top of this, legal issues as between owners and tenants have been, in many cases, fraught with difficulty as the parties jostle for position in what has already often been a tough time for both parties.

For local Tauranga commercial property owners the events in Christchurch have brought into focus issues of the unthinkable happening. The misfortune of Christchurch has served as a warning and certainly in the course of my work there has been an apparent heightened awareness among those with commercial property investment. Insurance policies long left collecting dust have been reviewed and updated, and properties, that for age or otherwise might be at risk, have become a priority in owner’s portfolios.

What it has also served to do for local owners is to bring into consideration the earthquake strengthening review programme currently being undertaken by the Tauranga City Council. The Council, as most owners will be aware, is reviewing all local buildings built prior to 1976 and passing assessment as to whether they meet minimum baseline earthquake strength requirements. (The exact details of how that scheme works and relevant engineering assessment requirements are readily available from Council and most local engineers.)

As the scheme rolls out in earnest, and as building owners are required to complete works, the relationship of landlord and tenant, as with the Christchurch situation, comes under the microscope.

It would be fair to say that the most common forms of lease do not adequately deal with the external third party of Council so significantly, and usually over a period of time, affecting the lease relationship. Landlords obviously have

the vested interest in security of income and a tenant with the opposing inherent interest of quiet enjoyment and undisturbed use of the property.

From a commercial owner’s point of view there is no need to panic about existing leases where the issue is not explicitly dealt with. From my experience most cases are being dealt with constructively and positively by the parties in the absence of explicit legal direction in the lease. Mutually beneficial negotiation is occurring more often than not. There are rare cases of resolution not being reached. In that case the parties and their respective advisers will have to go through due process.

Our advice to clients has simply been that if there is the opportunity, whether in an existing lease, or in a new lease, to contractually deal with the earthquake assessment issue. No sets of facts will be the same. Some premises may have already been assessed; some may not have been reported on; others may have been given the all clear; others may have had major concerns raised in relation to them.

From an owner’s point of view and from our perspective as advisers, the main thing sought to be achieved is certainty to ensure that if there are issues around earthquake strengthening during the term of the lease, the parties have put their mind to that issue in advance and, as best they can, dealt with it before the lease gets underway. I know within our office there are a range of precedent clauses to deal with the earthquake issue. Some very landlord favourable, some very tenant favourable, but most adaptations quite neutral in an attempt to get the fairest possible outcome should the earthquake strengthening problem become relevant to a certain lease.

It is certainly not possible in an article of this length to talk about the specific terms of those clauses, though suffice to say, if you are a commercial owner in the process of dealing with your lease in any way whatsoever, raise it with your solicitor or other property adviser. Some time now spent dealing with the problem may avoid significant headaches down the track.

If there is a positive for commercial property owners to come out of Christchurch, it can only be the valuable lesson it has provided for the rest of the country. That is to be forward thinking and particularly so on issues that are now well highlighted like the earthquake strengthening programme being undertaken by the Tauranga City Council.

I would strongly urge Tauranga property investors to heed those lessons.

Shaky times for commercial leases

ByTimNeill,SeniorSolicitor,hollandBeckettLawyers

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Aerodrome Road, Mount Maunganui First floor space consisting of 3 offices, boardroom, lunchroom and toilet. Five car parks.

140 $20,000 $142.85

Ashley Place, PapamoaModern showroom with offices above, includes reception area, open-plan and enclosed offices with parking at the front.

386 $50,180 $130.00

Bethlehem Road, TaurangaConsent for health related business. The house-conversion premises consists of large open-plan office or studio, multiple offices and plenty of on-site parking.

170 $29,750 $175.00

Cameron Road, TaurangaThree work spaces and one staff car park, with shared use of five client car parks. Shared boardroom and service areas.

20 $10,400 $520.00

Cameron Road, TaurangaRecently refurbished first floor office space with kitchenette and toilets. Access via rear stairwell.

42 $7,000 $166.66

Cameron Road, TaurangaTwo open-plan suites in near-new building separated by a firewall, which can be removed to create one space. In Greerton Village.

5069

$10,350$17,700

$207.00$256.00

Cameron Road, Tauranga Three 66 sqm suites. Each suite is open-plan, landlord will upgrade to tenants requirements. Floor plan on file.

66 $15,444 $234.00

Cameron Road, Tauranga Partly converted to office, landlord will make changes to suit tenant at no extra charge. Garage of 55 sqm included.

122 $23,000 $188.00

Cameron Road, TaurangaAir-conditioned suite comprising of two enclosed offices and open-plan area with shared service area. Three car parks and veranda signage in Cameron Road frontage.

80 $16,688 $209.00

Cameron Road, TaurangaCompletely refurbished and refitted, this includes a reception area, open-plan office, shared kitchen and toilet facilities and one covered car park.

80 $20,000 $250.00

Cameron Road, TaurangaBrand new space in the new BNZ Business Branch. Wide frontage to Cameron Road. Includes one covered car park. Premises available as a bare shell ready for fit-out.

118 $30,680 $260.00

Cameron Road, Tauranga Modern house conversion, only suitable for home-based business as there is insufficient parking for stand alone. Office resource consent. Also for sale.

140 $25,000 $178.57

Cameron Road, TaurangaThis property is unchanged from its residential structure. Landlord will make substantial changes at no extra rental to the interior and the grounds to suit tenant.

168 $23,000 $137.00

Cameron Road, TaurangaSmart high-profile premises that have been totally refurbished with new ceilings, carpet and tile floor covering, lighting and air-conditioning. Cable trunking to be installed. Four car parks included.

168 $36,620 $218.00

Cameron Road and Chadwick Road, Tauranga Brand new high-spec building with basement parking ($20 per wk parking).

217 $42,315 $195.00

Cameron RoadModern space which include six on-site car parks. Close to Twelfth Ave business area.

232 $61,568 $265.00

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Cameron RoadAir-conditioned multiple offices, meeting room and five on-site car parks. Excellent exposure on city fringe.

241 $50,200 $208.00

Cameron RoadThis completely upgraded premises is predominantly open-plan in the busy Greerton shopping village. New kitchen to be installed.

249 $24,900 $100.00

Cameron Road and Chadwick Road, TaurangaBrand new high spec building with basement parking available for $20 per week.

348 $60,900 $175.00

Cameron RoadSmart new development, this premises is a bare shell, enabling flexibility for new tenants. Eleven car parks.

357 $84,500 $237.00

Cameron Road, TaurangaCorner position, Cameron Road and Second Avenue, it includes a reception area, meeting room and multiple offices. Three car parks are included with more available to rent.

524 $99,560 $190.00

Chadwick Road, Tauranga Two interconnecting offices that are air-conditioned and have recently been painted. Two car parks.

50 $10,133 $202.66

Chadwick Road, TaurangaSelf-contained first floor premises consisting of two enclosed offices, open-plan office and reception. Three car parks.

179 $33,805 $189.00

Chadwick Road, TaurangaModern ‘green’ office complex. Multiple offices and open-plan areas. Seven car parks and a garage.

487 $70,650 $145.00

Chapel Street, TaurangaMultiple offices and open-plan office area plus meeting room, with reception area.

136 $47,500 $350.00

Crossroad, TaurangaFirst floor air-conditioned premise with attractive views handy to all parts of the city. Four separate offices, open-plan space, separate reception, full lunchroom, toilet and shower facilities and document storage room.

173 $44,000 $254.00

Cypress Street, Mount MaunganuiFront ground floor office suite with air-conditioned offices, mezzanine storage and good courtyard parking.

150 $12,000 $80.00

Devonport Road, TaurangaSuperb inner-city position with harbour views.Single offices recently redeveloped.

12 13 13

$7,540 $9,360 $7800

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Devonport Road, TaurangaOpen-plan suites on upper Devonport Road, opposite Farmers.

6067

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Devonport Road, TaurangaSuitable for office business.

96 $14,000 $146.00

Devonport Road, TaurangaFirst floor office area with zip water-heater and sink, shared toilet. Two car parks.

147 $20,000 $136.00

Devonport Road, TaurangaGood quality office space, elevator access, air-conditioned. One car park.

155 $32,560 $210.00

Devonport Road, Tauranga High quality office space. Six car parks.

158 $30,020 $190.00

Devonport Road, TaurangaMultiple offices and open-plan formats. Owner will refurbish to suit. Two car parks.

279 $47,253 $170.00


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Devonport Road, Tauranga Completely refurbished including separate entrance way. Includes three car parks, office space, lunchroom, services including shower. Owner will install air-conditioning for long term lease.

285 $44,870 $157.44

Devonport Road, TaurangaVery smart premises located in a high-pedestrian count area. Currently formatted as offices and retail. Conversion and subdivision is feasible. Air-conditioned with eight car parks.

400 Offers Offers

Devonport Road, TaurangaOffice space, currently undergoing refurbishment including new air-conditioning.

590 TBA TBA

Devonport Road, TaurangaNew development to be constructed. Five levels of offices, two 100 sqm retail shops, 34 carparks at $30 per week. Dual elevators. Each level has 730 sqm of lettable area. Offices Retail

730 100

$219,000 $40,000

$300.00 $400.00

Durham Street, TaurangaUpper level suite but level access to ground-level at rear, open-plan with one leased car park.

50 $8,500 $170.00

Durham Street, TaurangaComprising of an open-plan office, reception area and boardroom, air-conditioned, good natural light with one car park.

73 $16,000 $220.00

Durham Street, TaurangaTwo offices, reception, staffroom and storage with lift access.

95 $19,000 $200.00

Durham Street, TaurangaComprising of enclosed office, open-plan office, reception area and meeting/interview room. Air-conditioned, good natural light with two car parks.

125 $26,000 $208.00

Durham Street, TaurangaCurrently offices but could convert to retail. Good clean space with front and rear access and three car parks.

179 $37,967 $212.00

Durham Street, TaurangaNicely refurbished offices with reception area at front and storeroom and roller door at side.

273 $40,816 $150.00

Durham Street, TaurangaAir-conditioned 369 sqm ground floor showroom, storeroom with roller door access to side. 100 sqm first floor storage and service rooms.

473 $64,088 $136.00

Eleventh Avenue, TaurangaOpen area which can be formatted to suit individual tenant. New carpet, shared facilities and up to seven car parks available for rent.

107 $21,200 $198.13

Elizabeth Street, TaurangaFour good-sized individual offices and reception area, air-conditioned, small storeroom.

101 $15,150 $150.00

Elizabeth Street, TaurangaExcellent location in the CBD. Fully refurbished inside and out with automatic front door, elevator, air-conditioned with four car parks.

308 $61,040 $198.18

Elizabeth Street, TaurangaMultiple offices, meeting room and reception area. Six on-site car parks.

357 $58,480 $165.00

First Avenue, TaurangaNorth facing space with up to nine car parks. Fit-out included

274 $43,890 $160.00

First Avenue, Tauranga Excellent space comprising of reception, boardroom and multiple offices, with plenty of on-site parking.

562 $84,500 $150.00





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Fraser Street, TaurangaOpen-plan office, includes toilet, kitchenette and balcony. Dedicated staff parking.

130 $35,000 $270.00

Girven Road, Mount MaunganuiNeat office suite, two car parks, shared use of rear courtyard.

45 $11,000 $245.00

Girven Road, Mount MaunganuiVery neat suite which includes three car parks.

80 $14,741 $185.00

Girven Road, Mount MaunganuiModern suite comprising of reception area, four offices, services and three on-site car parks.

100 $26,560 $265.00

Girven Road, Mount MaunganuiIdeal for medical or consultants offices. Close to Bayfair Shopping Mall this premises is air-conditioned, and self-contained with five car parks. Partitioned offices.

112 $33,634 $300.00

Grey Street, Tauranga Neat and tidy older style space. Rent is negotiable.

28 $6,500 $232.00

Grey Street, TaurangaThree tidy suites, carpeted and air-conditioned. Two car parks available at $1300 P.A. per park.

79106

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OffersOffersOffers

Grey Street, TaurangaRydal House is one of Tauranga’s most prestigious office building. Open-plan boardroom and three car parks.

109 $25,600 $235.00


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Grey Street, Tauranga Open-plan space located beside the Flying Burrito Brothers restaurant with access via the courtyard down to the lower level. This space is ideally suited as a gallery or a studio.

125 $13,000 $104.00

Grey Street, Tauranga Rydal House is one of Tauranga’s most prestigious office building. There is a mix of open-plan and enclosed offices, board room and two car parks.

152 $33,400 $220.00

Grey Street, Tauranga Renovated with new suspended ceilings and carpet. Two car parks available at $146 per month. Air-conditioning will be installed by negotiation.

171 $29,925 $175.00

Grey Street, Tauranga Rydal House is one of Tauranga’s most prestigious office building. There is a mix of open-plan and enclosed spaces and three car parks.

175 $37,600 $215.00

Grey Street, Tauranga Modern office with two large open-plan office areas plus additional enclosed office space, air-conditioned and new carpet. Two car parks.

297 Offers Offers

Grey Street, Tauranga First floor of the KPMG building, the owners are about to carry our a refurbishment of the floor so it will be cleared of all partitions, with new carpet, ceiling tiles and lighting.

521 $93,780 $180.00

Hamilton Street West, TaurangaBrand new village style offices with decor to suit. Each with dual access, kitchen, Cat. 6 data cabling, floor coverings, air-conditioned, and 2.5 car parks per 100 sqm. Turn-key suites.

100200300

$35,000$60,000$82,000

$350.00$300.00$275.00

Hanger 4, Tauranga AirportFirst floor and/or ground floor office/accommodation. Each has full bathroom, kitchen, three offices/bedrooms, quality carpets and two car parks. The first floor has a balcony and the ground floor is brand new.

110110

$20,000 $20,000

$181.00 $181.00

Harrington Street, TaurangaQuality space that includes a reception area, two meeting rooms, kitchen and open-plan office area.

213 $38.332 $180.00

Harrington Street, TaurangaTwo enclosed offices, meeting room with the balance being open-plan with harbour views. Three covered car parks.

448 $82,880 $185.00

Hull Road, Mount Maunganui Multiple offices with on-site parking available. Plans on file.

205 $26,000 $126.83

Hull Road, Mount MaunganuiExcellent office space, plenty of parking.

350 $57,750 $165.00

Hull Road, Mount MaunganuiWill split into first floor and ground floor. Four on-site car parks plus four visitor car parks.

442 $38,740 $87.64

Kauri Street, TaurangaHigh-profile corner position with frontage to Cameron Road, multiple offices and six car parks.

150 $31,210 $208.00

Koromiko Street, TaurangaGood tidy complex with reception, Seven individual offices, meeting room, carpet and air-conditioned. Annual rent includes outgoings.

140 $23,000 $164.00

Maleme Street, TaurangaModern premises with huge open-plan office/showroom, reception area and a manager’s office. Data cabled with even car parks.

184 $19,872 $108.00





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Marsh Street, TaurangaGround floor office space with full facilities and two car parks.

94 $11,760 $125.00

Maunganui Road, Mount Maunganui Newly redecorated including new carpet. Access to external balcony, shared kitchen and toilet facilities. One open-plan room.

24 $4,000 $167.00

Maunganui Road, Mount MaunganuiTwo rooms, share kitchen and toilet facilities. Own water supply.

35 $7,800 $224.13

Maunganui Road, Mount MaunganuiNear new premises with good profile frontage, services and two car parks.

102 $30,600 $300.00

Maunganui Road, Mount MaunganuiHigh profile corner position with four car parks. Ideal for hospitality business.

109 $29,875 $274.00

Maunganui Road, Mount Maunganui Near new premises currently set up as offices complete with a new fit-out. Six car parks.

120 $26,000 $216.67

Maunganui Road, Mount Maunganui Ground floor, ideal consulting rooms. Three car parks.

142 $30,500 $215.00

Maunganui Road, Mount MaunganuiSuitable for retail, offices, or hospitality, these recently refitted premises consist of 127 sqm ground floor, 37 sqm first floor and five on-site car parks.

164 $39,810 $243.00

Minden Road, Te PunaBrand new and ready to go with excellent exposure to the SH2. Plenty of parking.

380 $87,054 $229.00

Ninth Avenue, TaurangaPart of a house conversion already occupied by other consultants. Neat and tidy with good customer parking.

- $8,000 -

Ninth Avenue, TaurangaConverted house with consent for six full-time staff members and six car park. Air-conditioned and data cabled with a 54 sqm garage in addition to the office space.

154 $40,000 $259.74

Palm Springs BoulevardHigh standard fit-out that can be made to suit up to five individual tenants, air-conditioning and shared facilities and car parks.

100 $25,000 $250.00

Papamoa Beach Road, PapamoaFour large air-conditioned offices, reception and five car parks. This is a turn-key premises.

130 $29,842 $230.00


REFURBISHED & RENT REDUCED!!!1277 Cameron Road, Tauranga – Contact Tony Doms.

• Smart looking office premises with a new frontage

• Floor area 249 sqm open plan space, own kitchen.

• Located in the heart of the Greerton Village.

• Annual rent $24,900 That’s just $100 per sqm pa!!

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Park Street, TaurangaAir-conditioned, stand-alone office premises on fringe of CBD. Reception, mix of open-plan and enclosed offices, data-cabled and five car parks.

172 $40,000 $233.00

Park Street, TaurangaMultiple rooms and double lock-up garage with internal access. Suit home-based only.

177 $25,000 $142.00

Park Street, TaurangaFour bedroom quality home that has office consent. Six car parks.

206 $40,000 $194.17

Selwyn Street, TaurangaBrand new development to be constructed. Good exposure to Cameron Road and Elizabeth Street. Three common car parks outside and up to eleven covered inside available for $25 per week.

218 $58,860 $270.00

Talisman Drive, KatikatiGround floor space in modern office complex, suitable to health related business.

110 $21,432 $195.00

Talisman Drive, KatikatiFirst floor space in modern office complex, suitable to health related business.

130 $23,280 $179.00

Tawa Street, Mount MaunganuiTidy industrial building very useful office and or workshop, mezzanine floor plus upstairs office and air-conditioned office downstairs.

181 $14,000 $77.34

Tenth Avenue, TaurangaFirst floor medical suite in Promed House, includes reception area, waiting area, administrative and consulting rooms, two exclusive car parks and shared use of twenty-five on-site car parks.

118 $40,407 $342.00

Te Puna Road, Tauranga78 sqm office and 1880 sqm yard. Part of a rural commercial centre, lots of on-site parking.

- $42,000 -

Third Avenue West, Tauranga Smart modern office space over two floors with a mix of open and enclosed areas, data-cabled, two car parks and views over Waikareo Estuary.

120 $24,000 $200.00

Third Avenue West, Tauranga Air-conditioned premises includes three large offices, meeting room, lunch room, storage facilities and two on-site car parks.

150 $20,000 $133.00

Titoki Place, Mount Maunganui Stand alone ground level office at the entrance of the complex which is completely self-contained and has ample parking.

100 $18,000 $180.00

Westminster Drive, TaurangaSubject to resource consent. Plans on file for a 2 level complex which can be formatted into single or multiple tenants. 27 on-site car parks.

1,062 $238,950 $225.00

Wharf Street, TaurangaSmall office suite, air-conditioned, recessed lighting, independent entrance, 3 rooms.

50 $12,000 $240.00

Wharf Street, Tauranga Former Wharf Street restaurant, which has undergone conversion to offices.

264 $60,000 $227.00

Willow Street, TaurangaOpen-plan floor space.

135 $18,000 $133.33

Willow Street, TaurangaMulti-room suite located in fringe of CBD with access from a common lobby. Four on-site car parks.

135 $37,333 $276.00


DOWNTOWN TAURANGA

Harbourside House, The Strand Extension,Tauranga PO Box 13197, Tauranga, New Zealand

Telephone 07 571 0716, Facsimile 07 571 0855Email: [email protected]


LTD Licensed REAA 2008

issue associatednews · 2012. 7. 2. · shaky times for commercial leases. 30. office space for...

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