Opportunities knock for commercial investors
As we are about to go to Alert Level 4, one thing is obvious: we are all in this together and no one will be exempt from its impact, says NAI Harcourts’ managing director, Commercial Sales and Leasing, Mike Neale.
But as with the 1981 Global Recession, the 1987 Stock Market Crash and the Global Financial Crisis of 2008, we will get through this and we will bounce back to be stronger than before, he says.
‘‘New Zealand continues to benefit from strong positive migration and events like this tell us how lucky we are to live here and that others from around the world will continue to be attracted to being here.
‘‘The upcoming NAI Harcourts auctions have been delayed, but none the less there are genuine vendors looking to sell, who have confirmed that they will consider any and all pre-auction offers.
‘‘Due to Covid-19 and the economic situation, the Official Cash Rate (OCR) has been cut to its lowest in recorded history, at 0.25 per cent. Trading banks have subsequently lowered their lending rates, which provides a unique opportunity for owner occupiers to expand their businesses into new premises.’’
Neighbouring businesses to 31
Earthmover Crescent in the Te Rapa Gateway include Hydralink, Service Net and Action Gaming Unit, with other businesses in the area including CAL Isuzu Truck repairs, NZ Safety Apparel, Southpac Trucks, Porter Village and more.
The warehouse is 613sqm, with a 9-metre stud height and two roller doors for easy vehicle access. Air-conditioned offices are over two levels, this is a modern industrial warehouse finished to a high standard. On its own freehold title and built as part of a complex of four industrial warehouses, there is plenty of onsite parking, container offload areas and drive-through connection between Earthmover Cres and Arthur Porter Drive. ‘‘The vendors instructions are clear and they have directed us to sell,’’ Neale says.
Marketing agents: Theo de Leeuw and Sean Stephens.
Large sections in the Ohaupo Rd area are hard to come by, and this property offers an opportunity to redevelop for multiple residential users, yet be close to a number of Hamilton’s key employment areas. The property consists of a four-bedroom house, including three-car garaging, on a full quarter acre (1017sqm) section. It’s positioned next door to the Balmoral Centre,
leased by the Waikato District Health Board, and Ohaupo Rd-State Highway 3 is a busy arterial road with approximately 28,000 vehicles passing daily. There are plenty of employment opportunities in the area with the planned Peacocks development, Frankton Industrial, Hamilton Airport and Waikato
Hospital all being close by.
This site is ready for a new life for multi-unit residential, NAI Harcourts recommends undertaking your homework on this one.
Marketing agents: Shaun Cosgrave and Kirstin McNabb.
Provincial Waikato continues to show strong growth, and offered in the area is the Otorohanga Regional Hub property, currently leased by Wintec as its regional training centre.
This is one of New Zealand’s most thriving regions and Wintec is one of the country’s largest institutes of technology delivering quality education across vocational, technical and professional skills to students in the South Waikato area.
The property offered for sale comprises a land holding of
1180sqm with a 345sqm modern building; current rental is
$46,182pa plus GST and outgoings. The property fronts onto Maniapoto St, the main street of Otorohanga, but also provides rear access from Lawrence St for student and staff parking. This property offers versatility for future uses; while currently being utilised for education, it could equally serve for retail or office use. Vendors are now focusing their activities in other areas and have given very clear instructions to sell.
Marketing agents: Aaron Donaldson and Sean Stephens
All three properties are offered for sale by public auction that is likely to be set down for early June 2020 (at this stage), however the owners have said they will consider all written pre-auction offers.