As we enter 2023, and the start of what promises to be a year of transition in the property market, now would be a good time for “position taking,” according to Barfoot & Thompson Commercial manager John Urlich.
Urlich says that “despite the need for central banks to curb inflationary pressures, business fundamentals have remained strong. Leasing and the demand from occupiers seeking to expand their operations remain consistent.
“One can only be optimistic that the cyclical nature of economies will see improvements globally over the forthcoming year.”
He says the company’s current line-up of commercial properties for sale promises some excellent opportunities for investors, developers and owner-occupiers.
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One of the highlights is a substantial premises at 350 Great South Rd, Huntly, underpinned by a 20-year lease to Countdown and returning net income of $684,203.
Marketed by John Stringer and Wayne Muir from Barfoot & Thompson Commercial, it is being offered for sale by deadline private treaty closing at 2pm on Wednesday March 1, unless sold prior.
“This is the only supermarket servicing Huntly and the surrounding catchment area,” Stringer says, “which importantly is an up-and-coming region earmarked for significant future growth.
“The $1 billion Sleepyhead Estate development in nearby Ohinewai provides for 1100 new homes and is designed to create over 2600 jobs. It looks set to become the industrial hub for Huntly, reinvigorating the district and offering substantial, additional social and economic support for the town.”
Stringer says the property’s location on the southern fringe of Huntly’s central township is superb. It benefits from dual street frontages to Tumate Mahuta Drive and Great South Rd (previously SH1) and enjoys high visibility with convenient, easy access and ample carparking.
It is a freehold asset, consisting of a number of lots held within one title. The sites combine to form a land area of 9764sq m, with the main building - constructed in 2007 and finished to a high standard fittng the Countdown brand - covering 3205sq m.
There are a total of 139 customer carparks at the southern end of the site as well as eight staff parks at the northern end of the building.
The property is zoned Business under the Waikato District Plan.
“Considering what’s going on in the wider region this is an exciting prospect in the centre of the Auckland-Hamilton-Tauranga Golden Triangle,” Stringer says.
In Auckland, and included in Barfoot & Thompson’s First 23 portfolio released at the start of the year, is Unit B, 333 East Tamaki Rd. It’s a freehold asset marketed by John Bolton and Katie Wu from Barfoot & Thompson Commercial, who say it’s for sale by negotiation.
“This property is part of a block of 10 units conveniently positioned second in from the road and located in the heart of one of city’s most established industrial zones,” says Bolton.
The units were constructed around 2000, with the structure largely comprising solid concrete block and slab, aluminium joinery and a pressed steel roof.
“The unit on offer covers a total floor area of around 420sq m and features a good functional warehouse space with two motorised roller-doors front and rear for easy access and loading. The ground floor also provides ample office and showroom space, along with toilet and shower amenities. There’s also a mezzanine office directly above the ground floor office.”
Features include an 80 per cent NBS rating (equivalent to an A grade), seven on-site carparks and the convenient location not far from principal transport routes such as Ti Rakau Drive to the north, linking to the Southeastern Highway and East Tamaki Rd, which extends through Otara to the southwest, providing access to SH1, or to Manukau City via Preston Rd. To the west, a motorway interchange is available via Highbrook Drive which also connects to the Southern Motorway for both north and southbound traffic.
— Article supplied by Barfoot & Thompson
