Specialists Industrial Commercial

Transcription

ISSUE
40
ASSOCIATED NEWS
AN ASSOCIATED REALTY LIMITED SPECIALIST PUBLICATION
Specialists
The Team
1
Leased Buildings
for Sale
2
Industrial
Vacant Buildings
for Sale
3
Telfer Young
5
What is the future of
our CBD?
Land for Sale
6
Yards for Lease
8
INDUSTRIAL for
lease: Tauranga
9
BDO Tauranga
12
Managing changing
circumstances
INDUSTRIAL for
lease: mount
maunganui
15
Commercial
Retail Space
for Lease
17
HOBEC
20
Body corporate
disclosure regime summary and practical
tips for purchasers
Office space
for lease
23
BUSINESS
ADVISORY
Paul Hodson, Director
Tim Cooney, Director
At BDO we know that the days of meeting
your accountant once a year and on the
accountant’s premises are long gone. Clients
welcome us at their premises and many like to
see us actively involved on a regular basis.
TRUSTS
Janine Hellyer, Director
We appreciate that our clients look for a
service that offers maximum benefit for their
dollar, and at BDO we provide the level of
support and assurance that clients expect. If
you are looking for considered accounting and
business advice from a team genuinely
interested in the success of your business,
then be sure to give us a call.
TAXATION
Jenny Lee, Director
AUDIT
Paul Manning, Director
ACCOUNTANCY AND
BUSINESS ADVICE
WHEN AND WHERE
IT SUITS YOU
CORPORATE
FINANCE
Fraser Lellman,
Managing Director
Doesn’t sound like your average accountant,
does it?
Tauranga Office
Te Puke Office
The Hub, 525 Cameron Road
Tauranga
Cnr Jocelyn & Queen Streets
Te Puke
07 571 6280
07 571 7209
INSOLVENCY
Ken Brown, Director
The team
Adrian Knowles Licensed Real Estate Agent (REAA 2008)
Adrian has been involved in the commercial real estate industry for twenty-one years and
has been the Principal of Associated Realty for the last fifteen years.
Over that period he has gained a wealth of experience and has increased his knowledge
by researching the commercial property market in Australia and the United States, which
made him appreciate how great the New Zealand commercial property is.
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 enjoys kayaking,
looking after his baby son and working on his house renovation.
Adrian continues to have a great passion for commercial property and keeps a careful eye
on the rental rates in the industrial, office and retail sectors.
Tony Doms Licensed Real Estate Agent (REAA 2008)
Tony’s career in the real estate industry spans over 30 years when he joined Bay of Plenty
Real Estate Limited 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, and is currently upgrading his recently
acquired BMW K1200RS, in his spare time. For quality advice, service and results contact
Tony. To view properties that Tony is currently marketing visit www.primecommercial.co.nz/
profile/agent/27060.
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.
Working as a team to give you a better result!
Associated Realty Limted, Harbourside House,
The Strand Extension, Tauranga, PO Box 13197, Tauranga, New Zealand
Telephone 07 571 0716 | Facsimile 07 571 0855
Website www.associatedrealty.co.nz | Email info@associatedrealty.co.nz
the specialists
1
the specialists
2
LOCATION
Leased buildings for sale
PRICE $
RENTAL $
YIELD %
Rerewai Place
125,000
11,270
9
Tukorako Drive
135,000
7010
5
Tukorako Drive
190,000
9613
5
Tukorako Drive
200,000
13,469
6.7
Tukorako Drive
379,000
27,960
7.3
Girven Road
400,000
23,840
6
Devonport Road
525,000
31,500
6
Sixteenth Avenue
570,000
39,650
7
Totara Street
600,000
30,000
5
Fraser Street
615,000
42,000
6.8
Aerodrome Road
650,000
42,000
6.5
Piccadilly Arcade
offers
51,200
-
Sherson Street
725,000
36,500
5
Rerewai Place
900,000
69,099
7.7
Devonport Road
980,000
65,000
6.6
offers
75,000
-
Aerodrome Road
1,200,000
78,000
6.5
Girven Road
1,250,000
88,710
7
Maleme Street
1,250,000
87,500
7
Aerodrome Road
1,300,000
99,792
7.6
Newton Street
1,460,000
83,778
5.7
Birch Avenue
1,700,000
102,500
6
Cameron Road
1,800,000
107,690
6
Devonport Road
1,850,000
147,000
8
First Avenue
2,000,000
115,000
5.75
Grey Street
2,000,000
98,673
5
Newton Street
2,100,000
127,000
6
Fifteenth Avenue
2,200,000
61,880
2.8
Grey Street
2,290,000
125,975
5.5
Maunganui Road
2,500,000
40,000
1.6
Hewletts Road
3,000,000
158,000
5.3
Portside Drive
offers
300,000
-
Totara Street
offers
300,000
-
5,000,000
300,000
6
Birch Avenue
Cameron Road
www.associatedrealty.co.nz
LOCATION
SIZE SQM
PRICE $
Tukorako Drive
76
95,000
Tukorako Drive
249
150,000
Tukorako Drive
162
175,000
Tukorako Drive
146
175,000
Tukorako Drive
192
190,000
Tukorako Drive
246
195,000
Ashley Place
153
209,000
Ashley Place
144
210,000
Reynolds Place
157
220,000
Aviation Avenue
100
220,000
Hynds Road
130
220,000
Devonport Road
50
250,000
Koromiko Street
148
258,750
Ashley Place
169
260,000
Brook Street
148
265,000
Ashley Place
206
265,000
Ashley Place
206
270,000
Ashley Place
172
275,000
Ashley Place
169
275,000
Cypress Street
210
280,000
Portside Drive
180
290,000
Tukorako Drive
266
300,000
Ashley Place
220
320,000
Cherokee Place
173
330,000
Ashley Place
380
350,000
Chadwick Road
215
375,000
Tawa Street
240
395,000
Macrae Avenue
253
395,000
Girven Road
110
399,000
Owens Place
224
410,000
Aerodrome Road
438
450,000
Enterprise Drive
507
600,000
2,058
600,000
230
600,000
Makatu Road
Thirteenth Avenue
Associated Realty Limted, Harbourside House, The Strand Extension, Tauranga, PO Box 13197, Tauranga, New Zealand
Telephone 07 571 0716 | Facsimile 07 571 0855 | Email info@associatedrealty.co.nz
industrial
3
Vacant buildings for sale
industrial
4
LOCATION
Vacant buildings for sale
SIZE SQM
PRICE $
1,009
600,000
Devonport Road
107
600,000
Hynds Road
270
615,000
Owens Place
320
630,000
Seventh Avenue
830
offers
Cheyne Street
228
800,000
Maleme Street
700
865,000
Third Avenue
213
offers
Tyne Street
441
1,100,000
Aerodrome Road
832
1,300,000
Pyes Pa
250
1,500,000
Fraser Street
1,016
1,500,000
Koromiko Street
1,636
1,600,000
Hull Road
1,659
1,777,000
Cameron Road
390
2,000,000
Sherson Street
1,288
2,000,000
717
2,200,000
Maleme Street
5,000
4,750,000
Hynds Road
4,076
5,150,000
Hynds Road
2,450
7,200,000
Hynds Road
4,076
5,150,000
Hynds Road
2,450
7,200,000
Rerewai Place
Fraser Street
By Paul Higson of Telfer Young Property Valuers
Paul can be contacted at paul.higson@telferyoung.com
When I came to Tauranga in 1998 State Insurance occupied almost 1,200 m2 of office
space. By 2000 this had fallen to around 140 m2 – nearly a 90% drop. In recent times
they have announced that the Tauranga office will be shut down. Is this a symptom of an
irreversible trend? Who will replace the likes of State Insurance within the CBD? These are
relevant and engaging questions for the business community and our larger society.
This dilemma is being faced by CBDs across the world and is by no means unique to New Zealand or to Tauranga. So what is the
place of a CBD in the 21st century? Perhaps to answer that we need to look back. Way back . . . to medieval times. Traditionally in
Europe the centre of a town had several functions. It was a market place, defensive citadel, location of the church or cathedral and
it had the ubiquitous central square. Often a market was held in this square, but it was also a place of discourse amongst citizens.
Ideas where shared, people met and attended festivals – perhaps the odd hanging or two. Fast forward to modern times in New
Zealand. Which of these functions best exemplifies what a modern CBD could be? Arguably the occasional hanging would bring
in a few extra shoppers. But a CBD now needs to compete with the nodes of commercial activity that typify a modern city. In
Tauranga we have several of these, ranging from the more traditional such as Greerton and Mount Maunganui, to the corporate
spaces such as Bethlehem town centre, Gate Pa, Bayfair, Bay Central and Fraser Cove. These corporate spaces provide a certain
homogeneity – modern retail experiences with lots of national retailers, anchored by supermarkets and/or departments stores.
Typically located in what are by and large pleasant enough settings and with the added bonus of free parking. But is that all we
want out of our city?
Tauranga’s CBD has a lot going for it. It is surrounded by one the world’s most beautiful harbours and with a naturally terraced
peninsula shape that lends itself to taking advantage of these water views. It has significant areas of residential occupation around
it – The Avenues, Mount Maunganui, Otumoetai etc. Despite expensive geographical hurdles, the city has been able to provide
some very good transport routes into the city – our excellent harbour bridges, the Chapel Street causeway and the Waikareao
Expressway. To some extent then it is like a vastly scaled down Manhattan. For those of us that have been fortunate enough to
visit New York in recent times, it can be clearly marked as a city centre that has reinvigorated itself. Manhattan is also a peninsula
shape, geographically isolated from nearby land masses (Brooklyn and Jersey), but with good transport routes into it. Why is it a
success? People want to be there.
Our CBD has independent retailers, numerous cafes, pubs, excellent restaurants, a cinema and public spaces. Most prominently
the public spaces consist of Red Square, The Strand Reclamation and the Domain. We own these spaces and have freedom of
expression within them. In malls we are there to simply consume. They are not designed to share ideas or to meet with no other
intention but that of consumption. Malls have their place, but surely so too does our city centre.
If our CBD is to be relevant it will need to provide something different from the malls. It can be a meeting place, a location for city
events, markets, concerts and use of the fantastic asset we have in the harbour. It needs to have a retail environment not available
in the malls. Finally, it also needs to be a place of work and a living space. It should provide the sort of space that our city’s
corporate tenants want to be in, and an area of activity day and night. Surely this means having people living in and around the
CBD in greater numbers. There have been some excellent CBD developments planned, underway or completed recently. Plus,
Tauranga’s population continues to grow and grow.
We have also seen some very positive city centre sales over the last year. These give a vote of confidence in the CBD’s future
and there are new tenant’s coming into the CBD. Both Trustpower and the BOP Polytech are vastly expanding their presence in
the CBD. New companies have also emerged that weren’t in existence when State Insurance began downsizing. Could it be that
although the vast ship that is our CBD takes a long time to turn around, there are signs that this is underway? Whilst council needs
to play it’s significant part in this, some of the impetus for change is going to come from CBD property owners and tenants.
5
industrial
What is the future of our CBD?
industrial
6
LOCATION
Land for sale
LAND SIZE
PRICE $
$/SQM
Marshall Place
589
112,000
190
Marshall Place
886
168,000
190
Papamoa Beach Road
194
200,000
1,031
Tauriko Stage 2
800
200,000
250
Marshall Place
1233
234,000
190
Ashley Place
848
250,000
295
Market Place
1,132
280,000
247
Ashley Place
1,023
285,000
278
Tauriko Stage 2
1,250
300,000
240
Courtney Road
925
301,000
325
Courtney Road
962
312,000
325
Whiore Avenue
1,308
313,000
239
Whakakake Street
1,453
319,660
220
Courtney Road
1,015
331,000
326
Whiore Avenue
1,510
332,000
220
Whakakake Street
1,757
333,830
190
Whiore Avenue
1,054
350,000
332
Stage 2, Tauriko
1,564
360,000
230
Whiore Avenue
980
375,000
383
Market Road
1,535
383,000
250
Whakakake Street
1,872
393,000
210
Stage 2, Tauriko
1,717
395,000
230
Enterprise Avenue
1,063
400,000
376
Enterprise Avenue
1,018
400,000
393
Poturi Street
1,838
404,360
220
Market Place
1,628
407,000
250
Market Place
1,643
411,000
250
Market Place
1,299
416,000
320
Stage 2, Tauriko
1,923
442,000
230
Market Place
1,495
448,000
300
Whakakake Street
2,726
450,000
165
Tauriko Stage 2
1,900
456,000
240
SH29
2,000
460,000
230
Market Road
1,383
470,000
340
Whakakake Street
2,862
475,000
165
Ashley Place
3,167
475,000
150
Westminster Drive
1,527
480,000
314
Market Place
1,113
501,000
450
Whakakake Street
2,295
505,000
220
Stage 2, Tauriko
2,039
510,000
250
Main Road Katikati
2,352
525,000
223
Whiore Avenue
1,962
545,000
278
LOCATION
LAND SIZE
PRICE $
$/SQM
Porutu Place
1,998
551,000
276
Poturi Street
3,075
554,000
180
Taurikura Drive
2,029
589,000
290
Whakakake Street
4,065
590,000
145
Tauriko Stage 2
2,691
592,000
220
Tauriko Stage 2
2,701
621,230
230
Whakakake Street
3,780
680,000
180
Owens Place
3,026
695,000
230
Tauriko Stage 2
3,226
710,000
220
Hotuhoto Street
3,787
725,000
192
Ashley Place
4,899
735,000
150
Taurikura Drive
2,723
817,000
300
Sherson Street
3,283
821,000
250
Whakakake Street
4,009
842,000
210
Whakakake Street
4,590
849,000
185
Te Okuroa Drive
3,397
850,000
250
Tauriko Stage 2
3,554
853,000
240
Whakakake Street
3,924
942,000
240
Tauriko Stage 2
4,360
959,000
220
Ashley Place
4,356
1,020,000
234
Owens Place
3,716
1,100,000
296
Parton Road
5,442
1,224,000
225
Ashley Place
6,000
1,300,000
216
Fourth Avenue
1,902
1,350,000
710
Whakakake Street
7,562
1,399,000
185
Tauriko Stage 2
6,351
1,524,000
240
Tauriko Stage 2
6,257
1,564,000
250
Tauriko Stage 2
6,940
1,665,600
240
Tauriko Stage 2
7,513
1,728,000
230
Hocking Street
7,000
1,750,000
250
SH 29
14,165
1,800,000
127
Fifteenth Avenue
3,624
2,000,000
551
Tauriko Stage 2
11,139
2,339,000
210
Reynolds Place
10,005
2,500,000
250
Hotuhoto Street
13,808
2,555,000
190
Tauriko Stage 2
17,068
3,755,000
220
Reynolds Place
26,695
4,800,000
180
Stage 2, Tauriko
23,484
4,932,000
210
Station Road
80,000
5,600,000
70
The Strand
2,901
offers
-
Tauriko Stage 2
38,416
7,017,360
183
Tauriko Stage 2
38,418
8,067,780
210
industrial
7
Land for sale
industrial
8
Yards for lease
LOCATION
SIZE SQM
RENTAL
Mark Road, Mount Maunganui
Access via Mark Road and service lane at rear. Fully fenced. Can be used to store
machinery, vehicles etc.
450
$11,250
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
Totara Street, Mount Maunganui
Fully sealed and security fenced. Excellent profile to Totara Street.
769
$30,000
Tyne Street, Mount Maunganui
Metalled and security fenced yard with access via a sealed service lane on one boundary
and Tyne Street on the other.
1,500
$30,000
Hewletts Road, Mount Maunganui
There is the option of leasing only 1,000 sqm for an annual rental of $50,000.
1,800
$65,000
Portside Drive, Mount Maunganui
Metalled and security fenced yard very close to Hull Road and main port entrance. Bare
yard without buildings.
1,864
$40,000
Te Maire Street, Mount Maunganui
Industrial land with security fence. Can be incorporated with adjoining 2,000 sqm
building. Central Mount location, handy to port.
2,000
$40,000
Aerodrome Road West, Mount Maunganui
This is a metalled yard with no buildings on site. The owner will complete the security
fencing for the new tenant. ROW access to this rear site.
2,200
$33,000
Newton Street, Mount Maunganui
A metalled yard that would suit car sales or machinery sales. Profile to Newton Street and
Maunganui Road.
2,385
$50,000
Kereiti Street, Mount Maunganui
1506 sqm of the yard is sealed. The remaining 1506 sqm is to be sealed at no extra rent.
The yard includes a sales office, toilet facilities, and adjoining wash pad. The leased
advertising pole currently earns $12,000 p.a. for the tenant.
3,012
$99,500
Tukorako Drive and Rerewai Street, Mount Maunganui
Level yard, fully security fenced and setup as hard stand. Ideal for heavy transport depot,
display yard, container storage etc.
3,597
$104,500
Aerodrome Road, Mount Maunganui
Near level unsealed but fully fenced. Ideal for hard stand storage handy to the port, and
secure.
4,000
Offers
Wide frontage to Hewletts Road. The landlord has allowed $10,000 for reconfiguring
and/or refurbishing the admin area. Ideal sales yard for automotive or marine industries.
4,250
$55,000
Cessna Place
Excellent yard with electrified security fence. Portacom includes an office, lunch room
and WC. Yard is fully gravelled to hard stand spec.
7,300
$105,000
Tukorako Drive and Rerewai Street, Mount Maunganui
Vacant lots available as yard. Would subdivide - 2,000 sqm as minimum.
9,978
$138,000
Taiaho Place, Mount Maunganui
Vacant industrial land. Grassed sites available until December 2014.
12,269
$230,000
tauranga
SIZE SQM
RENTAL
$/SQM
Birch Avenue, Tauranga
Basic contractor unit in a great location, good economical space well suited to a
sole trader.
77
$7,700
$100.00
Koromiko Street, Tauranga
A small clear span warehouse. Can be leased individually, or collectively with two
adjoining spaces.
87
$7,863
$91.00
Basic contractor unit in a great location, good economical space well suited to a
sole trader.
90
$8,850
$99.00
Roxanne Place, Tauranga
A workshop area available for storage only. Ideally suited to motorhome or
vehicle storage.
95
$9,600
$101.00
Grey Street, Tauranga
Clear span space with access off Devonport Road. Ideal for a CBD based
business seeking additional storage.
128
$12,000
$94.00
Burrows Street, Tauranga
Very tidy unit. Comes with two car parks. Signage on the building is visible from
15 Avenue, one of Tauranga’s busiest streets.
137
$13,750
$101.00
Good solid premises. Includes predominantly workshop with basic services.
Good wide accessway for heavy transport. On-site parking.
141
$12,690
$90.00
Well presented showroom, offices and facilities. Includes four car parks. Up to
540 sqm of warehouse space could be annexed to this space at $47,120 net pa.
145
$20,154
$139.00
Brook Street, Tauranga
Frontage unit with workshop, office and mezzanine with additional rooms and
shower. Two car parks.
148
$15,000
$101.00
Modern unit with workshop, amenities, office, meeting room and two car parks.
Exposure to SH 29. Area zoned commercial business.
150
$15,000
$100.00
A small industrial unit amongst a cluster of units. Close to all arterial routes and
in the heart of the Judea industrial area. Includes 43 sqm of mezzanine space.
151
$12,000
$80.00
Maleme Street, Tauranga
Tidy unit with street visibility, workshop, small office, amenities and parking.
162
$13,770
$85.00
Excellent street frontage unit comprising of office, amenities, workshop and on-site
parking. Good wide access-way.
162
$14,580
$90.00
The Strand Extension, Tauranga
A handy CBD location. Large roller door, high stud warehouse and a full width
mezzanine. City scape and harbour views. Includes one car park.
172
$17,095
$100.00
180
per unit
$16,200
per unit
$90.00
per unit
Good solid premises with own road frontage. Includes predominantly workshop
with basic services. Plenty of parking in front and side yard areas.
189
$20,790
$110.00
Amber Crescent, Tauranga
A street front tenancy at the end of a cul de sac street off early Birch Avenue.
Easy access to the expressway and Mount Maunganui via the harbour bridge.
Includes five car parks in front of building and one office with lunchroom.
190
$22,000
$116.00
Courtney Road, Tauranga
A rear block of seven units to be constructed. Each unit will comprise of
workshop, office, smoko room, amenities and two car parks.
industrial
9
Industrial for lease
industrial
10
tauranga
SIZE SQM
RENTAL
$/SQM
Burrows Street, Tauranga
A fully refurbished premises with workshop, open plan office, mezzanine
smoko/social room and five on site car parks. Data cabled and alarm.
190
$22,000
$116.00
Third Avenue, Tauranga
This is the second unit from the road frontage in a block of four. This unit has
been used as a dance studio and is presented in a clean and tidy condition.
195
$14,000
$72.00
Wilrose Place, Tauranga
A good clean workshop handy to Gate Pa and Fraser Cove.
200
$16,000
$80.00
This is a modern unit comprising of warehouse, three offices, waiting room,
staff room and amenities including disabled WC. Also includes two
on-site car parks.
200
$20,000
$100.00
Basement space which includes three offices, reception area, self-contained
service facilities, a spacious workshop and four on-site car parks.
206
$25,000
$122.00
Neat and tidy unit with on site parking and secure yard area.
207
$17,880
$87.00
SH29, Tauranga
Four roller doors and a single office with smoko room and amenities. Faces
the main highway to Hamilton. Has a secure yard.
223
$25,000
$113.00
One of the few front industrial units on the market. Includes workshop, office,
smoko room and parking. Some refurbishment to be undertaken.
237
$21,330
$90.00
An inner corner unit with good lighting and two car parks. Formerly an
engineering workshop and offers three phase power with a grunty power
supply.
241
$19,280
$80.00
A near new north facing premises with high stud workshop, office, smoko
room and two car parks.
240
$24,000
$100.00
Brook Street, Tauranga
Workshop, wash bay, office, smoko room, office, cesspit for car detailer and
two car parks.
242
$22,000
$91.00
Suitable as an open plan office, or showroom together with a warehouse area
and services. Can be leased individually, or collectively with two adjoining
spaces.
246
$29,563
$121.00
Barberry Street, Tauranga
Unit has frontage to Barberry Street with parking in a fenced yard in front.
Unit is deeper than the usual building of its size and is good for bulky item
storage.
258
$22,000
$86.00
Good spacious unit with workshop, small office, on-site car parks and lockable
yard. Good central location and easy access to the expressway.
260
$23,400
$90.00
Poturi Street, Tauriko
This is a middle unit in a brand new building. The unit includes an air
conditioned office, ground floor food preparation area and secure outside
storage as well as 11 shared car parks.
260
$23,400
$90.00
tauranga
SIZE SQM
RENTAL
$/SQM
Fourth Avenue, Tauranga
Expansive basement area complete with services. Available as basic storage
with minimal parking, or upgraded and reinstated with additional secured
yard and parking area.
288
$22,000
$77.00
A well turned out unit with good street exposure. Comprises of a warehouse,
office, service facilities and mezzanine floor. Shared on-site parking.
295
$26,500
$90.00
Glenlyon Avenue, Tauranga
A rear tenancy in a modern high stud building. Standard configuration of
office on ground floor with lunchroom above it.
299
$27,950
$94.00
Part of a rear block to be constructed. Unit will comprise of a workshop,
office, smoko room, amenities and two car parks.
301
$27,090
$90.00
Ninth Avenue, Tauranga
A superb location with easy access onto Cameron Road. A stand alone
building is self-contained and includes three on site car parks.
310
$57,700
$186.00
Building is available from on two months notice to the short term tenant. Can
be combined with other tenancy to give a total area of 620 sqm.
314
$26,690
$85.00
Workshop, office, smoko room, services, mezzanine and four car parks.
321
$24,500
$77.00
Alach Street, Tauranga
High stud workshop with office and amenities. Possible to expand into
extended office in addition to this space at $90 per sqm per annum.
324
$21,060
$65.00
High stud workshop with canopy, office and amenities. Good yard access
makes this space ideal for transport or distribution. Includes 418 sqm canopy.
325
$30,500
$94.00
Barberry Street, Tauranga
Good standard premises with workshop, office, amenities and yard at front
containing seven on site car parks. A good frontage unit.
328
$23,000
$70.00
Part of a building that is being reconfigured into eight tenancies. The 1.2ha
site provides extensive accessways, yards and parking for 70 vehicles.
330
NEG
NEG
360
360
360
NEG
NEG
NEG
NEG
NEG
NEG
Hotuhotu Street, Tauriko, Tauranga
To be constructed. Two tenancies each with exclusive facilities and corner
profile.
360
TBC
TBC
Corner position. Space includes showroom, multiple offices, workshop and
five on site car parks.
362
$37,000
$103.00
Waihi Road, Tauranga
A smart building with strong business profile from Waihi Road and Birch
Avenue intersection. Comprises of a front of house sales area, office, service
facilities and high-stud clear-span warehouse with a full height roller door at
the rear.
372
$65,000
$175.00
industrial
11
industrial
12
Managing changing
circumstances
By Janine Hellyer, Director, BDO Tauranga Ltd
Taking on new investment opportunities, refinancing,
shifting premises or a change in business focus can
instigate a restructure of your assets and investments.
A restructuring process can give rise to commercial and tax implications that you will need to address.
Plunging into a change in structure without an understanding of what the implications are, could be
damaging or costly to unravel.
Unfortunately, many business owners hesitate to seek professional advice from their accountant ahead
of instigating major change due to concerns about that initial expense. Yet, the cost of ill-conceived or
poorly executed changes can be far more financially detrimental than a bill from their advisors.
When investing in property or restructuring a property investment one must carefully consider all options and one of the most important decisions a
person will make and is whether the structure is appropriate for you in both the short term and the long term.
Your choice of structure will impact on:
•
•
•
•
•
•
•
•
•
•
How the structure is managed
The distribution of capital and/or profits
Compliance with laws and regulations
Taxation
Set up, conveyance and ongoing costs
Financial reporting requirements
Ease of operation, management and governance
Your ability to avert challenges and attacks from predators, creditors and family
Your matrimonial situation
Succession planning
A company structure for example provides limited liability (protection from business risks) and ease of partial or gradual transfer of ownership (often
required as part of a succession plan). Then there is the added benefit of the lower 28% tax rate for any profits retained and re-invested in the business.
But a company can have negative tax implications depending on how things are managed. For example unless a company is elected into the Look
Through Company (“LTC”) regime any losses incurred are potentially ring fenced or trapped in the company to be offset against future income on the
investment.
There are various ways of owning assets. Whether you own assets personally, in partnership or even own the family company shares, you can be left in a
vulnerable position either on death or vulnerable to attacks from creditors, predators and family.
Suffice it to say, it is critical that you make restructuring decisions with your “eyes wide open”. Make that initial investment to talk things through
with your professional advisors, ensuring you are clear about the implications of any changes. A common example is exiting the LTC – effectively the
shareholders in the company will have a deemed disposal of the underlying assets in the company. If you have depreciated assets in the past there is
likely to be a significant tax bill for shareholders as a result of exiting a LTC.
Lots of restructuring decisions are based on getting out of something, simplifying your life or moving on. In these cases, you might already think you
know what you need to do. But without full and frank discussions with an expert advisor, you could risk making decisions that require further time and
money to resolve or unravel.
Talking through your plans will also help clarify what you are trying to achieve, bring the bigger picture into focus, help confirm all your options and very
often present alternatives you would not otherwise have considered.
Following are just some of the factors you need to consider ahead of making significant business decisions:
•
•
•
•
•
•
Tax - Inland Revenue allows taxpayers to arrange their affairs to minimise tax within the framework of the law. You must be mindful of tax
avoidance rules: the restructure needs to be commercially based and part of a wider plan.
Cash flow – how will a restructure impact cash flow? If you have significant loans with a bank or other financial institution the bank may want a say
in how your affairs are arranged.
Life plans – If you are heading overseas, things can get complicated if you use New Zealand Companies and Trusts as a foreign resident. You may
unnecessarily increase your compliance and tax costs in New Zealand. Also, if you become a resident of a country with capital gains tax, selling
your New Zealand investments may trigger a tax obligation in your resident country.
Long-term costs – It is important understand the long term compliance costs of a restructure as more complicated business and investment
structures may open the door to increased reporting and disclosure requirements.
Risk - Are you increasing your exposure to risk? How well protected are your assets from predators, creditors and family claims? And, how much
flexibility do you have to make changes in the future?
Other parties - Loans, advances and inter-entity transactions occur frequently in families and often are inadequately considered. Are any parties
going to be disadvantaged by structure changes? Are there any cultural or religious issues that may crop up?
These are just some of the considerations and every situation will have its unique factors. Talking through your restructuring options with an accountant
will give you an outline of how this will impact your goals, an indication of the financial realities of any changes and a procedure that will deliver the best
outcomes.
Disclaimer: This article is general in nature and should not be treated as professional advice. It is recommended that you consult your advisor.
No liability is assumed by BDO Tauranga Ltd for any losses suffered by any person relying directly upon the article above.
tauranga
SIZE SQM
RENTAL
$/SQM
Sherson Street, Tauranga
This premises includes a security fenced yard with shared access with
neighbour.
381
$31,000
$82.00
Includes a high stud workshop with two roller doors, foremans office at rear,
two offices at the front and services rooms, good wide accessway and on site
parking.
418
$35,500
$85.00
Workshop, office, smoko room and three car parks. An excellent premises
located in central Birch Avenue.
419
$32,472
$78.00
The premises is part of a building that is being reconfigured into eight
tenancies. The 1.2ha site provides extensive accessways, yards and parking
for 70 vehicles.
495
NEG
NEG
Property is being reconfigured into a combination of showroom with
suspended ceiling, office with data cabling. Warehouse and services including
staff room. Includes six on site car parks.
497
$89,500
$180.00
Durham Street, Tauranga
Two spaces located beneath the former office max premises located on
Elizabeth Street corner. Spaces are a mix of office, mezzanine and work areas.
500
per space
$38,500
per space
$77.00
per space
Birch Avenue and Amber Crescent,Tauranga
Two properties abutt each other and give the property three road frontages.
Birch Avenue is ideally suited to any tenant requiring a secure yard and
exposure to road.
520
$105,000
$202.00
An ideal facility for storage or light manufacturing. Drive round access to the
building provides excellant access for heavy transport. Includes 12 car parks.
540
$47,120
$87.00
Chadwick Road, Tauranga
Excess yard of 1,200 sqm, sealed and security fenced is included. Landlord
prepared to make alterations to building to suit incoming tenant.
540
$58,000
$108.00
Includes a substantial warehouse with dual entry, office and service room with a
shower. Six on site car parks.
555
$36,075
$65.00
580
NEG
NEG
A sublease from BOP Polytech. 108 sqm of offices and amenities with 510
sqm of warehouse serviced by a large roller door at the eastern end. Extra
warehouse could be negotiated in the next door building.
618
$45,000
$73.00
Hynds Road, Tauranga
A modern industrial building in good condition and ideal for a manufacturing
plant or a business not needing public profile. Multiple roller doors give ease of
access. Office on ground floor with smoko room above.
625
$54,000
$87.00
Basic plan provides for a two level building with offices on the first floor and
workshop and office on the ground floor. 13 car parks are included.
748
$80,850
$108.00
industrial
13
industrial
14
tauranga
SIZE SQM
RENTAL
$/SQM
This is a high stud industrial space with a front office and a large security
fenced yard.
764
$55,000
$72.00
Cnr Whakakake/Hotuhotu Street, Tauranga
A brand new building on the corner of two significant streets. Includes and
external office of 114 sqm. Ample parking and two roller door access.
864
$82,890
$96.00
Includes 42 sqm of office, 445 sqm of three sided canopy (most with metalled
floor), and 336 sqm of industrial building. The large yard is approximately
12,000 sqm.
878
$100,000
$114.00
A good street front profile. The ground floor includes showroom, offices, smoko
room, amenities, and workshop. First floor includes smoko room, amenities and
office space.
903
$72,240
$80.00
915
NEG
NEG
Comprises of a ground floor area of 834 sqm and a first floor area of 82 sqm.
Workshop has multiple roller doors. Total land area is 2426 sqm.
952
$85,000
$90.00
Property includes showroom, reception, offices, mezzanine and workshop with
shared full drive around. Located in a modern building with high stud. Ideal
for larger scale manufacturing.
963
$77,445
$81.00
First Avenue, Tauranga
An industrial building ideally suited to selling product to the trade or public.
973
$45,000
$47.00
Sherson Street, Tauranga
Comprises of 1,288 sqm. Includes 300 sqm of excess yard.
1,288
$104,328
$81.00
A large high stud building situated at the end of a no exit street close to main
arterial routes. The first floor offices have a separate entrance away from the
industrial area.
1,636
$127,000
$78.00
A large site with two principal buildings which are available separately. The
yard space is extensive and security fenced.
1,773
$272,000
$154.00
Whakakake Street, Tauranga
This is a new building yet to be constructed. Can be adapted to suit the
tenant.
2,010
TBA
TBA
A high stud workshop with two stories of offices totalling 164 sqm. Includes
extensive sealed parking areas to the front and rear.
2,123
$120,000
$57.00
Taurikura Drive, Tauriko, Tauranga
To be constructed. Has frontage to a main thoughfare.
2,510
TBA
TBA
Poturi Street, Tauriko, Tauranga
A new building under construction and almost complete. Can be split into
two tenancies.
2,526
$236,055
$94.00
Oropi Road, Tauranga
A well set up facility, ideal for food related industries. Space is suitable for
single or multiple tenants.
6,431
$320,000
$50.00
MOUNT MANUGANUI
SIZE SQM
RENTAL
$/SQM
5.5m x 13.6m premises suitable for motor home storage. Landlord will install a toilet.
There is no office. Unit is divided off by a three metre high wall - doesn’t extend to the
roof.
75
$5,250
$70.00
Tukorako Place, Mount Maunganui
Ground floor showroom space in road front unit. Ideal for small business selling to the
public.
79
$16,824
$213.00
Cherokee Place, Mount Maunganui
Comprises of office, services and workshop which incorporates a spray painting booth.
142
$18,000
$127.00
Ashley Place, Papamoa
A unit in mint condition located near the entrance to artisan business park in a very
prominent position.
144
$12,000
$84.00
Ashley Place, Papamoa
Modern high stud industrial unit with full facilities including shower. Tilt slab
construction including internal dividing wall. Two car parks.
144
$14,329
$100.00
MacDonald Street, Mount Maunganui
A sublease offering 30 sqm of office with the balance storage. Toilets are shared with
the headleasee.
180
$13,000
$77.00
Ashley Place, Papamoa Junction
A near new industrial unit built to upper level specifications in tilt slab concrete with
tinted window glass. Presented in mint condition.
206
$17,510
$85.00
Pururi Street, Mount Maunganui
This is a modern unit in popular location. Comes with a roof extraction fan, air
conditioning, three phase power and it has a shower unit installed.
243
$20,000
$83.00
Tukorako Drive, Mount Maunganui
This unit is in the heart of the Mount Maunganui industrial district. Unit has three phase
power and F4 fire alarm system.
249
$17,000
$69.00
Tukorako Drive, Mount Maunganui
A modern unit facing west for afternoon sun. Includes a mezzanine floor, ground floor
space of 187 sqm and two car parks.
269
$25,000
$93.00
Owens Place, Mount Maunganui
An upmarket unit with secure parking in front (fenced) in a very attractive location,
close to Bayfair and Owens Place shopping centre.
280
$35,000
$125.00
Cherokee Place, Mount Maunganui
Self-contained premises with dual roller doors, showroom, office, services, workshop
and lockup yard at the side of the premises.
290
$27,000
$93.00
Refurbished to a high standard. Ground floor comprises of a showroom, workshop area
and the first floor has amenities and a fully self-contained three bedroom apartment.
325
$30,000
$93.00
Totara Street, Mount Maunganui
Street frontage to Totara Street giving this building very good profile and making it
ideal for an industrial use.
333
$35,000
$106.00
Triton Avenue, Mount Maunganui
Yard space available behind the building in addition to the parking in front of it. Ideal
location in the heart of the Mount and on a busy arterial route.
350
$31,500
$90.00
McDonald Street, Mount Maunganui
Space comprises of an open plan area, storage, warehouse, mezzanine and excess
yard that provides extensive vehicular parking.
509
$68,627
$135.00
Totora Street, Mount Maunganui
A modern premise suitable for bulk retail as has showroom of 143 sqm. Roller door
access is off Tawa Street with showroom entrance facing Totara Street.
595
$60,000
$101.00
Portside Drive, Mount Maunganui
This road frontage tenancy includes a showroom with warehouse space behind in a
brand new building.
613
$65,000
$106.00
Modern facility with showroom, offices, staff room, facilities, mezzanine and ten
car parks. Pedestrian access at the front and roller door at the rear and side of the
building.
627
$70,000
$112.00
industrial
15
industrial
16
MOUNT MANUGANUI
SIZE SQM
RENTAL
$/SQM
This is a high stud building with yard space. Formerly a wrecking company.
632
$48,000
$76.00
Modern facility with warehouse, office, staff room, facilities and ten car parks.
Pedestrian access at the front and full height roller door at the rear.
704
$65,000
$93.00
A substantial place which offers highly visible direct business profile to Hewletts Road.
Comprises of 86 sqm of showroom, 612 sqm of four metre stud warehouse and 242
sqm of six metre stud warehouse.
940
$63,555
$68.00
Truman Lane, Mount Maunganui
Modern industrial building on a rear site at 79 Truman Lane close to the stadium.
Comprises of a reception, two offices and separate toilets for the office staff and
workshop workers.
990
$85,140
$86.00
Includes auditoriums, offices and mezzanine areas and an elevator. There is extensive
parking and yards which are hot mix sealed.
1,181
$140,000
$120.00
Maru Street, Mount Maunganui
A big high stud shed in the heart of the Mount industrial area. Ideal as bulk storage.
1,284
$74,066
$58.00
Truman Lane, Mount Maunganui
A front building on the site. A modern building on the Eastern Arterial route.
1,440
$148,500
$104.00
Aviation Avenue, Mount Maunganui
An upmarket industrial building comprising of two industrial wings with 1764 sqm of
high stud workshop and 454 sqm of mezzanine, offices and amenities.
2,289
$202,550
$89.00
Two adjoining factory buildings. Left hand building comprises of a spacious ground
floor office suite and parking at the front with a high stud workshop behind and
amenities. The right hand building comprises of internal first floor offices, with
amenities under and workshop behind. Includes 6,754 sqm of yard area.
3,907
$355,225
$91.00
Ideal location for a large truck dealer, car importer or similar business.
6,700
$360,000
$54.00
Location
SIZE SQM
RENTAL
$/SQM
Tidy open plan office in a great location handy to all the services of the 11th
Avenue business area. Suite includes two on-site car parks.
27
$6,560
$243.00
This is a new development scheduled for completion in 2015. There are multiple
floor area options available pre-development. Includes ample parking on site for
staff and customers.
80
to
250
TBA
TBA
The premises is located within the busy Gate Pa Shopping Centre. This modern
centre is really coming into its own now with vacant premises rarely available these
days.
135
$47,250
$350.00
Premises includes showroom, office area, small workshop and sealed yard of
approximately 550 sqm. The owner will lease as is or is willing to redevelop to
tenant requirements.
250
$65,000
$260.00
Located in Gate Pa Shopping Centre. This modern centre is really coming into its
own with vacant premises rarely becoming available.
265
$82,150
$310.00
Located at a prime position near the Eleventh Avenue traffic lights. This space is
undergoing an internal refurbishment program.
369
$79,600
$216.00
Former Foodtown site converted to multiple retail tenancies in a courtyard
configuration. Part of the building is leased to Harvey Norman. Massive parking
allocation. Tenancies can be leased separately or collectively.
450
450
450
$108,000
$108,000
$108,000
$240.00
$240.00
$240.00
This building has been renovated to include a new glass frontage and veranda. It
is fully self-contained with it’s own service facilities, storeroom and includes two on
site car parks.
150
$28,050
$187.00
Chapel Street, Tauranga
Huge corner profile. Can be configured into both open and enclosed areas and
could be reconfigured into a full showroom. Fully refurbished with three exclusive
car parks and shared use of five council owned car parks.
175
$29,000
$166.00
Devonport Road, Tauranga
Smart upmarket shop at the Devonport Road end of the Goddards Centre.
39
$11,724
$301.00
Devonport Road, Tauranga - Piccadilly Arcade
Tidy shop with high passing pedestrian traffic. Floor area could be increased to
include shop next door.
47
$21,190
$450.00
Devonport Road, Tauranga - Piccadilly Arcade
Tidy shop with high passing pedestrian traffic. Floor area could be increased to
include shop next door.
48
$21,811
$450.00
50
$15,000
$300.00
An excellent small shop on the northern side and Grey Street end of the centre.
60
$18,054
$301.00
64
$19,326
$302.00
commercial
17
Retail for lease
commercial
18
Retail for lease
Location
SIZE SQM
RENTAL
$/SQM
This is a smart upmarket shop at the Devonport Road end of the Goddards
Centre.
64
$19,356
$303.00
Well located shop with a high pedestrian count.
69
$24,840
$360.00
Retail space has been earthquake strengthened. Location gives shop two
frontages and two entrances.
90
$38,000
$423.00
A well located shop with own facilities. Access to front and rear of the shop.
Building will be seismically strengthened by 2020.
98
$33,500
$342.00
A smart shop situated in lower Devonport Road. Some food related plant and
equipment may be available. Includes sediment trap and two car parks at rear of
premises.
98
$42,150
$431.00
High pedestrian location in one of Devonport Roads busiest locations. Up to
four stacked car parks available at $780 PA each.
124
$45,000
$363.00
A high grade retail position in one of the best spots on Devonport Road. The
space has been fully restored to a very high standard and includes two on site
car parks.
125
$56,250
$450.00
Very tidy shop premises in a strong profile position. Plenty of glass frontage.
143
$44,500
$312.00
Excellent premises with two car parks, good clean frontage to Devonport Road,
very conservative rent being asked by landlord.
180
$55,000
$306.00
Predominantly showroom and service area at the rear. Includes a shed at the rear
which could be converted into office space or be utilised for storage.
200
$40,000
$200.00
Smart shop in lower Devonport Road with corner influence. Includes on covered
car park.
250
$20,000
$80.00
A modern building which has a strong tenancy history in the fashion industry.
450
$175,000
$389.00
Fourth Avenue, Tauranga
Premises to be constructed. Two retail / office tenancies on the top level. Each
area is 400 sqm. Has basement warehouse of 800 sqm available ideal as a
distribution centre.
1,600
$296,000
$185.00
Fraser Street, Tauranga
Located in Fraser Cove Shopping centre - one of Tauranga’s leading shopping
centres.
285
$129,600
$455.00
Located in Fraser Cove Shopping centre - one of Tauranga’s leading shopping
centres.
400
$120,000
$300.00
Location
SIZE SQM
RENTAL
$/SQM
A smart retail shop. Includes a showroom area at the front and preparation room
at the rear. Includes shared facilities and one car park.
125
$33,000
$264.00
Wide frontage retail space with roller door access via the rear service lane.
Upgraded in 2009. Self-contained space with two car parks included.
212
$42,200
$199.00
Brilliant retail shop with wide street frontage. The space includes showroom,
mezzanine, plus two on site car parks.
440
$109,000
$248.00
Jude Place, Tauranga
Part of a new urban block of shops. This space is best suited as a cafe, hospitality
outlet that requires outdoor seating. Includes an additional outdoor seating area of
49 sqm.
89
$20,133
$225.00
Part of a new urban block of shops. Four spaces best suited as a cafe, hospitality
outlet that requires outdoor seating.
98
$18,234
$185.00
Part of a new urban block of shops. Four spaces best suited as a cafe, hospitality
outlet that requires outdoor seating.
99
$18,821
$189.00
Comprises of open plan area, storage warehouse, mezzanine and excess yard
that provides extensive vehicular parking.
509
$68,627
$135.00
A glass fronted showroom, workshop space behind, office and lunchroom.
Ample off-street parking. Changes can be made to suit the tenant.
610
$57,000
$94.00
Maunganui Road, Mount Maunganui
An excellent small shop located in the Cruise Deck downtown Mount Maunganui.
Positioned on the south side of the deck so it faces north for maximum sunshine.
71
$22,127
$312.00
Formerly a retail shop but could double as an office or consulting rooms where
minimum business profile is required.
91
$17,000
$187.00
A premium shop in the Cruise Deck complex with corner profile to the Cruise
Deck and Maunganui Road. Good wide shop frontage.
123
$46,645
$380.00
Well located. Will be refurbished to an excellent standard including repainting,
new flooring and upgrade of the service room. Includes two on site car parks.
139
$22,000
$158.00
This is a multi-purpose premises currently operating as retail premises but
could be converted to hospitality or offices. Includes a first floor area and four
on site car parks.
164
$34,000
$208.00
Minden Road, Te Puna
A very modern space currently formatted as a showroom, storeroom,
pedestrian and roller door access.
260
$64,400
$248.00
Munroe Street, Tauranga
Comprises of a spacious showroom, staff room and amenities. This space is
positioned right alongside Mega Mitre 10.
253
$76,059
$300.00
commercial
19
Retail for lease
commercial
20
Unit Titles Act 2010 - disclosure regime summary and practical tips for purchasers
By Ben Eagleson, Associate, Holland Beckett Lawyers
Despite the Unit Titles Act 2010 (“the Act”) being in force for over four
years now, it is surprising that the disclosure regime outlined in the Act
is still misunderstood and misapplied both by vendors, purchasers, real
estate agents and by the Body Corporates themselves. It is important for
any discerning property investor to understand this disclosure regime if
they want to complete proper due diligence prior to purchasing a unit in
that Body Corporate.
With the prevalence of weathertight and other construction issues, it is
important for purchasers in particular to be aware of the risks of buying into
Body Corporate developments.
It is important to note that there is actually a prohibition on contracting out
of the disclosure regime under the Act. In most circumstances, failure to
provide the disclosure statements may delay settlement of the purchase
until disclosure is made or alternatively allow the purchaser to cancel the
agreement.
The Act specifically states that a purchaser may rely on the disclosure
statements provided to them.
Pre-contract Disclosure
Even before a purchaser enters into an Agreement for Sale and Purchase
of a unit, the vendor must provide a disclosure statement to the purchaser.
There is a specific form outlining the prescribed information in the Act
and its Regulations that needs to be included in this statement. This
disclosure statement is divided into two parts. Part one sets out basic unit
information, including key definitions associated with Body Corporates.
Part two of this statement sets out specific information about the unit, such
as:
1. The amount of the contribution levied;
2. The period covered by the contribution;
3. What the next 12 months’ levies will be;
4. Any maintenance to be carried out in the next 12 months; and
5. Various other information about Body Corporate accounts etc.
Importantly it contains a statement as to whether the unit or common
property has been subject to a claim under the Weathertight Homes
Resolution Services or other civil proceedings relating to water penetration
of the buildings in the unit development.
Two important things to note about this pre-contract disclosure statement
are that the statement regarding weathertightness is only concerned
with whether a claim is currently on foot, not whether one is anticipated
or pending (although if that eventuates before settlement there is a duty
on the vendor to disclose the change to the purchaser) and, secondly,
the form is signed by the vendor and not by the Body Corporate itself
(meaning there is unlikely to be liability to the Body Corporate if the precontract disclosure is incorrect).
Additional Disclosure Statement
A purchaser may request an additional disclosure statement prior to five
working days after the date that the agreement was entered into or prior to
the closing of the 10th working day before the settlement date (whichever
is earlier). The vendor may put the cost of the additional disclosure
statement onto the purchaser.
An additional disclosure statement contains:
1. The contact details for the Body Corporate and committee;
2. The balance of all the funds in accounts that the Body Corporate has;
3. Any outstanding invoices;
4. Details of expenses;
5. Amounts owed to the Body Corporate;
6. Details of insurance;
7. Details of every current contract entered into by the Body Corporate;
8. Details of every lease entered into by the Body Corporate;
9. Details of motions voted on at the last General Meeting;
10.Copies of the Operational Rules if different from the prescribed Body
Corporate Operational Rules and Regulations; and
11.A summary of the long term maintenance plan.
The additional disclosure statement provides important information on the
solvency of the Body Corporate, its contractual arrangements, obligations
and the long term maintenance plan.
Pre-settlement Disclosure to Purchaser
No later than the fifth working day before the settlement date, the vendor
provides a disclosure statement. This contains prescribed information and
is accompanied by a certificate given by the Body Corporate, certifying
the information in the disclosure statement is correct. The pre-settlement
disclosure statement largely confirms some of the previous information
in the pre-contract disclosure statement, but goes on to outline specifics
about the unit, such as:
1. Whether a levy is outstanding;
2. Whether legal proceedings have been instituted in relation to any
unpaid levy;
3. Whether any other charges or costs are outstanding;
4. The rate of interest which may be accruing on any outstanding money;
5. Whether there are any proceedings against the Body Corporate; and
6. Whether there have been any changes to the Body Corporate
Operational Rules since the additional disclosure statement or the precontract disclosure statement.
The pre-settlement disclosure statement outlines the risks of buying into
the specific Unit where there might be extensive ongoing litigation. Once
again it is unclear whether proceedings that have been threatened but not
brought yet have to be disclosed to the purchaser.
Unpaid levies are important to be aware of and factored into the purchase
price. Levies under the Act run with the Unit and may be recovered from
future owners and can significantly reduce the benefit of buying a Unit.
Because the levies outstanding are only disclosed in the pre-settlement
disclosure statement it is recommended that the amount of levies
outstanding is specifically requested prior to the agreement being entered
into (or a clause inserted allowing for a deduction from the purchase price).
Note that the Body Corporate does certify the pre-settlement disclosure
statement meaning that if the statement is wrong there maybe liability for
the Body Corporate to the vendor and/or the purchaser.
Practical Tips
It is important for a purchaser to understand how the particular Body
Corporate is run. This includes both the detail of how the Body Corporate
Committee operates, such as what delegations that the Committee may
have (powers it can exercise without all the owners voting), through to who
the Building Manager is, how they operate and whether there is a letting
pool on site.
Many developers under the previous Unit Titles Act 1972 set up their own
Body Corporate manager company and then entrenched this company
as the manager. This has led to many Body Corporate management
agreements being “manager friendly” and for terms of, in some cases, up
to 30 years.
If intending to let out your apartment, understanding the letting pool
arrangements that are in place is also important.
Largely, understanding the Body Corporate can come down to
understanding personalities; both on the Committee, in management
and fellow owners. I suggest, if possible, asking around about a Body
Corporate’s reputation or wandering around the Body Corporate to see
how it feels prior to purchasing. This can also alert you to any construction
issues or other areas of concern.
Location
SIZE SQM
RENTAL
$/SQM
1,181
$140,000
$120.00
Superb location with easy access onto Cameron Road via the Ninth Avenue
roundabout. This stand alone building is self-contained and includes three on
site car parks.
310
$52,700
$170.00
Owens Place, Mount Maunganui
To be constructed once a tenant is secured for one of the tenancies. An
industrial zone site but has consent for bulk retail of furnishing and homeware.
1,613
1,852
$354,000
$407,000
$220.00
$220.00
Parton Road, Papamoa
Previous tenant was a retail butchery. Lots of exposure to Parton Road makes
this an ideal premises for a small retail operation.
72
$12,000
$167.00
Prince Avenue, Mount Maunganui
Brilliant small shop. Self contained including two on site car parks.
98
$28,740
$294.00
Prince Avenue, Mount Maunganui
Modern retail premises in the heart of the Mount town centre. Self contained
including showroom and two on site car parks.
150
$43,412
$290.00
Second Avenue, Tauranga
Strong position in the fringe CBD area. Currently comprises of a three-bay
workshop and showroom. Well suited for conversion to destination retail or
showroom facility.
260
$50,000
$193.00
Newton Street, Tauranga
Premises has had an extensive refit that includes auditorioms, offices and
mezzanine areas and an elevator. Extensive parking and yards which are hot
mix sealed.
commercial
21
Retail for lease
commercial
22
Retail for lease
Location
SIZE SQM
RENTAL
$/SQM
SH2 North, Bethlehem, Tauranga
Two tenancies in a brand new development with exposure from the Bethlehem
roundabout. Each tenancy will be self contained with its own services. Tenants will
have the shared use of 9 car parks and a loading bay.
100
Each
$40,000
Each
$400.00
Each
SH2 North, Bethlehem, Tauranga
Former video store setback from the state highway allowing easier vehicular access.
240
$76,000
$317.00
Spring Street, Tauranga
Former State Insurance office, ideally suited to retail from this central position
which is just a stones throw away from Red Square. Good strong frontage.
118
$64,812
$550.00
Prime Red Square location. Building has been upgraded to a high modern
standard.
118
$52,600
$447.00
Te Puna Road, Tauranga
Part of the Te Puna commercial centre.
150
$27,000
$180.00
Part of the Te Puna commercial centre.
177
$30,500
$172.00
1,880
$38,000
$21.00
The Strand, Tauranga
Formerly occupied by Lone Star. A partial fit-out is in place including extractor
hood, plumbing and electrical.
290
$76,272
$263.00
This property is being reconfigured into a combination of showroom with
suspended ceiling, office with data cabling, warehouse and services including staff
room. Also includes six on site car parks.
497
$89,500
$180.00
Third Avenue West, Tauranga
Building is ideally suited for conversion to a mix of showroom and warehouse.
850
$59,500
$70.00
Third Avenue West, Tauranga
A modern property comprising of a two level office building, workshop, wash-bay
and concrete paved yard, all security fenced in a handy location to downtown
Tauranga.
213
$60,000
$282.00
Waihi Road, Tauranga
A smart building with strong business profile from Waihi Road and Oak Lane.
Comprises of a front of house sales area, office, service facilities and high-stud
clear-span warehouse with a full height roller door at the rear. Shared carparking at
front and dedicated parking at the rear.
372
$65,000
$175.00
Welcome Bay Road, Tauranga
Currently operates as a video store. Located in a busy convenience shopping
centre with excellent access and customer parking.
110
$15,000
$137.00
Willow Street, Tauranga
An attractive shop in close proximity to the red square, art gallery and other
keynote business entities.
133
$33,235
$250.00
Willow Street Tauranga
Older space, mostly show room with a stock room at the rear and own facilities.
Currently a womens formal fashion boutique.
118
offers
offers
Excellent retail store comprising of a showroom and display mezzanine, with wide
frontage and own facilities.
556
$90,000
$162.00
Part of the Te Puna commercial centre. Ideal display yard, nursery etc.
Location
SIZE SQM
RENTAL
$/SQM
Industrial grade office suites comprising of two inter-linked offices and shared access to a large
common area and facilities. Ideal space for low budget office accommodation.
136
$12,240
$90.00
Industrial grade office space with multiple work spaces and service facilities. Formatted like a 3
bedroom house and can be reconfigured to suit. Ideal space for low budget office accommodation.
300
$27,000
$90.00
Fully refurbished, each tenancy includes one office, one car park, one storage locker,
shared use of a board room and shared use of two interview rooms. Reception room
available by arrangement.
12
16
12
$5,603
$7,004
$5,448
$467.00
$438.00
$454.00
Good clean open plan suite with two on site car parks. Good fringe CBD location.
66
$12,832
$195.00
Suit dress maker, photographer or anyone looking for cheap office space. One car park is available
for $10 per week.
69
$8,000
$116.00
A smart suite comprising of a waiting reception area. Open plan office, services and three enclosed
offices. Two on site car parks.
92
$22,000
$240.00
Older space in a strong corner position close to the CBD. Comprises of four open plan spaces, one
enclosed office and two on site car parks.
109
$11,000
$101.00
Partly converted to office use but the landlord will make changes to suit ingoing tenant at no extra
rental. Includes garage of 55 sqm.
122
$23,000
$188.00
Building updated to modern design and appearance. Own kitchen, shared WC, storage mezzanine.
136
$22,000
$162.00
Modern house conversion, possible only as home based as there is insufficient parking for stand
alone office resource consent.
140
$25,000
$178.57
Formatted into multiple individual offices and meeting room which includes a kitchenette and tea
room. Facilities shared with other tenants.
145
$24,000
$165.00
Good clean open plan rear suite with two on site car parks. Good fringe CBD location.
147
$25,080
$171.00
Comprises of a large open plan office area, kitchen, and a very large meeting room. Has 37 car
parks on site which will be made available to tenants on a pro-rata basis at $25 per week.
188
$33,840
$180.00
Older space in the Tauranga hospital zone. More space could possibly be made available.
190
$20,054
$106.00
Refurbished internally, positioned on the lower ground floor level adjoining the outdoor courtyard
and parking precinct.
190
$36,408
$192.00
Cameron Road and Chadwick Road, Tauranga
A brand new high spec building with basement parking available for $20 per week, per park. Access
to this tenancy via Cameron Road. Lift and pedestrian access.
217
$42,315
$195.00
Space is currently formatted into individual office with some open space at the rear. Includes six
on site car parks. Excellent fringe CBD location.
227
$46,140
$203.00
Huge exposure and wide frontage to Cameron Road. The best located office space available on
Cameron Road. Comprises of reception area , a mix of open and enclosed areas and nine car parks.
278
$76,000
$274.00
commercial
23
Office space for lease
commercial
24
Location
SIZE SQM
RENTAL
$/SQM
New office space on the first floor of the ASB building and is a sublease from ASB. Three car parks
are available at $35 a week. Services are shared with ASB.
275
$85,129
$310.00
A very smart office premises located in the Twelfth Avenue business area comprising of an open
plan office, storeroom, three enclosed offices and amenities. Includes six car parks.
310
$66,680
$216.00
Cameron Road and Chadwick Road, Tauranga
A brand new high spec building with basement parking available for $20 per week per park. Access
via Cameron Road. Lift and pedestrian access.
348
$60,900
$175.00
New development scheduled for completion in 2015. Multiple floor area options available predevelopment. Ample parking on site for staff and customers. Site will benefit from huge exposure to
Cameron Road.
TBA
$TBA
$TBA
A smart brand new development. The premises is currently a bare shell to enable maximum
flexibility to incoming tenants, including capacity for air conditioning. Included are 11 car parks.
357
$84,500
$237.00
Located handy to all city facilities and services such as council and courthouse. Set up as multiple
offices. Air conditioned and data cabled.
450
$57,000
$127.00
To constructed on corner of Twelfth Avenue and Cameron Road. A prestigious new development
with Westpac as anchor tenant. Lots of courtyard parking and access points.
446
$118,190
$265.00
A mix of enclosed and open office and meeting rooms. There are 37 car parks on site for the various
tenancies on a pro-rata basis. Building has been refurbished externally.
973
$175,140
$180.00
Cessna Place, Mount Maunganui
Air conditioned first floor offices, five separate offices, a boardroom and seven car parks.
158
$23,500
$148.00
Modern building, includes open plan and enclosed areas.
104
110
$20,800
$22,000
$200.00
$200.00
Office space with excellent exposure from Chadwick Road and Cameron Road roundabout. Self
contained with two enclosed offices, open plan office, reception and three car parks.
179
$29,535
$165.00
A modern single level building with frontages to Cameron and Chadwick Roads. Mostly open plan
plus staff amenities, seminar room, small meeting room and 13 car parks.
467
$102,760
$220.00
Office in an industrial area with advantage of extensive car parking. Five offices, training and
meeting room, separate male and female toilets and large lunchroom.
512
By neg
By neg
Ideal for a sole trader or consultant. Is in immaculate condition. Shared facilities. Short term tenancy
is acceptable.
24
$7,800
$325.00
A smart office suite which comprises of two open plan offices, kitchenette, and service facilities. All
air conditioned and data cabled.
100
$21,000
$210.00
First floor office area with zip water heater and sink. Shared toilet and two car parks.
147
$20,000
$136.00
Good quality office space in the heart of the CBD. One of the few buildings in Tauranga that
provides elevator access. Includes air conditioning and one car park.
155
$32,560
$210.00
High quality office space. Six car parks.
158
$30,020
$190.00
Location
SIZE SQM
RENTAL
$/SQM
Big spacious open plan office which is air conditioned and has own facilities. A good space which
the landlord will refit to suit on consideration for an approved rental.
200
$23,000
$115.00
Former ASB business centre. Spaces are fitted out to a high standard and includes open and
enclosed spaces. Two options - left hand and right hand.
205
$39,175
$191.00
Offices and open plan formats. Owner will refurbish to suit. Two car parks included.
279
$35,000
$125.00
Fully refurbished. Separate entrance way, three car parks, office space, lunch room and services,
including shower. Owner will install air conditioning for long term lease.
285
$44,870
$157.44
A great office space. Undergoing refurbishment, including new air conditioning.
590
TBA
TBA
Domain Road, Tauranga
First ground floor vacancy at Topaz Court, which comprises a mix of health, legal and service
industry tenants.
89
$23,585
$265.00
Includes two offices, reception, staff room and storage with lift access.
95
$19,000
$200.00
Centre suite, small board room, reception area, open plan office, individual office and four
stacked car parks.
154
$24,100
$157.00
Offices but could suit a conversion to retail. Good space with front and rear access and
three car parks.
179.3
$37,967
$212.00
commercial
25
commercial
26
Location
SIZE SQM
RENTAL
$/SQM
Excellent space with wide frontage to Durham Street with common facilities. Space currently
formatted as offices and is suitable for retail conversion. Up to 10 car parks. Street parking is also
available directly in front of the premises.
367
$73,200
$200.00
Ground floor office and storage. Front space of 252 sqm includes open plan office, conference
room and service facilities. Rear space of 264 sqm is a concrete walled storage room of generous
stud height. Includes two car parks.
516
$102,800
$200.00
Elizabeth Street, Tauranga
Very smart corner suite, with four good sized individual offices and reception area with air
conditioning that can be adjusted in each office and a small storeroom.
101
$20,443
$205.00
Includes reception area, open plan office and three enclosed offices. Shared service facilities.
161
$24,150
$150.00
Situated in an excellent location within the CBD and surrounded by other top class offices and retail
businesses, adjacent to the Elizabeth Street car park building. Automatic front door, elevator and is
fully air conditioned. Four car parks.
308
$61,040
$198.18
Fourth Avenue West, Tauranga
Industrial conversion that will include a suspended ceiling, data ceiling, new lighting and six car
parks. Access is also via Third Avenue.
204
$35,000
$172.00
Fourth Avenue West, Tauranga
A very smart space comprising of a well appointed showroom, management and administration
offices, plus a mix of open and enclosed office areas. Includes 12 on site car parks at the rear of the
premises in a secured sealed yard area.
340
$70,000
$206.00
A neat and tidy house conversion. The space is formatted into a waiting/reception area, open plan
office, two enclosed offices, document room and services.
120
$25,200
$210.00
Former Fraser Cove management office in near new condition. Open plan. Includes toilet,
kitchenette and balcony. Dedicated staff parking is available to tenants.
130
$35,000
$270.00
High grade space comprising of multiple office rooms, open and enclosed areas.
375
$80,824
$216.00
Girven Road, Mount Maunganui
A modern suite with three offices, reception, meeting room, heat pumps, floor coverings, data
cabling, kitchen and three car parks.
65
$18,330
$282.00
Comprises of four enclosed offices, two open areas, dual service facilities, courtyard at rear and four
car parks. Also refurbished to a very high standard.
88
$18,000
$205.00
A fully refurbished dwelling converted, and consented for office use. Includes a mix of open and
enclosed spaces and six car park. Located in a high profile position opposite Bayfair Shopping Mall.
110
$25,000
$228.00
A versatile premises comprising of five enclosed offices, reception area, meeting room, amenities
and six car parks. Includes air conditioning, data cabling and good quality floor coverings.
295
$44,000
$150.00
Open plan space ideally suited as a gallery or a studio.
125
$13,000
$104.00
Undergoing renovation. New suspended ceilings and carpet. Two car parks available.
171
$27,360
$160.00
A modern space with a mix of open and enclosed spaces. There is up to nine on site car parks
available at $25 per week per park.
289
$50,000
$173.00
Location
SIZE SQM
RENTAL
$/SQM
Hamilton Street, Tauranga
A great position on the corner of Cameron Road and Hamilton Street with wide frontage to
Cameron Road. Formatted into four enclosed offices, reception area with additional positions for
work stations, staff room and amenities plus five on site car parks.
148
$33,000
$223.00
Hocking Street, Mount Maunganui
New suite with street exposure, carpeted, cabled with open plan office and additional meeting
service area. Includes one car park.
40
$10,000
$250.00
First floor space accessed through a pedestrian door off Hynds Road. Includes two air conditioned
offices, toilet and smoko room.
50
$8,150
$163.00
162.4
$21,112
$130.00
Includes space over two floors, and 80% of the yard behind the building. Ideal for a transport
company or earthmoving contractor.
164
$75,000
$458.00
Office sublease. Newly redecorated including new carpet. Access to external balcony. Shared
kitchen and toilet facilities. Own water supply. One open plan room.
24.4
$4,500
$184.00
Rear ground floor office. Ideal consulting rooms with three car parks.
101
$18,900
$188.00
High profile corner position. Four car parks included. Ideal for cafe or hospitality.
109
$34,500
$317.00
Former legal offices which can be either subdivided into two separate suites or configured to suit.
Includes three parks. Great location with a strong corner profile.
270
$50,000
$186.00
Minden Road, Te Puna
A very modern space which is to be fitted out with suspended ceiling and carpet tiles. Is data
cabled and has plenty of on site car parks.
90
$18,900
$210.00
Moffat Road, Bethlehem
Great exposure to the State Highway 29 and roundabout. Suitable for a home based business. Five
car parks included in neighbouring common area.
102
$18,000
$177.00
A smart space primarily comprising of two open spaces. Includes some air conditioning, a good
cityscape outlook and five on-site car parks.
215
$29,000
$135.00
Converted house. Resource consent for six full time equivalent staff members. Six off street car
parks. Air conditioned and fully data cabled. Lock up garage of 54 sqm available in addition to
office space.
154
$40,000
$260.00
Papamoa Beach Road, Papamoa
Office space comprising of four large air conditioned offices with five car parks. Space is turn key.
Includes the reception desk.
129.75
$29,842
$230.00
Ground floor space with own facilities and one car park. Roller door access at rear. Ideal for studio
office, service industry or small niche retail. Good strong street frontage presence.
72
$12,000
$167.00
Ground floor space with own facilities and one car park. Roller door access at rear. Ideal for studio
office, service industry or small niche retail. Good strong street frontage presence.
72
$12,000
$167.00
Seventeenth Avenue, Tauranga
To be constructed. The estate takes up a whole block which can be developed to suit tenant
requirements. NOTE: Example modules.
171
342
$38,475
$76,950
$225
$225
This is a first floor office space which comprises of an open plan office with separate enclosed board
room and full facilities. Good parking.
commercial
27
commercial
28
Location
SIZE SQM
RENTAL
$/SQM
Front suite of three with cityscape views up Willow Street. Comprises of open and enclosed office
areas, and shared facilities. Car parks available.
165
$37,885
$230.00
Central suite of three. Comprises of open and enclosed office areas, and shared facilities. Car parks
available.
268
$53,626
$200.00
Rear suite of three. Comprises of open and enclosed office areas, and shared facilities. Car parks
available.
238
$47,522
$200.00
Fronts onto Red Square in the heart of the CBD. The space has been refurbished to a very good
standard. Cityscape views to Red Square.
220
$38,448
$175.00
Level one of the state insurance building which is to become available in 2015.
357
TBA
TBA
Level one of the state insurance building which is to become available in 2015.
730
TBA
TBA
Tawa Street, Mount Maunganui
Tidy industrial building in an area that would make a very useful office and/or workshop at a very
competitive rate. 86 sqm workshop with 60 sqm mezzanine floor, plus upstairs office of 18 sqm and
17 sqm air conditioned office downstairs.
181
$14,000
$77.34
Tenth Avenue, Tauranga
A spacious medical suite with reception area, mangers office, six consulting rooms, administration
area with three works stations, documents store, twin service facilities, staff room and four exclusive
care parks and shared use of central customer car parks.
206
$42,500
$207.00
Cnr Te Paeroa Road and SH2, Tauranga
A new space on the eastern end of the building on the ground floor. A medical related tenant is
required for this space. Separate facilities.
310
$113,000
$310.00
Spectacular harbour views, all presented in open plan format ready for your fit out. Parking on site
for 18 cars.
194
$58,200
$300.00
Spectacular harbour views, all presented in open plan format ready for your fit out. Parking on site
for 18 cars.
331
$99,300
$300.00
Westminster Drive, Tauranga
Offices to be developed. Subject to resource consent. Plans on file for a two level complex which
can be reformatted into single or multiple tenancies. Site will provide
27 on site car parks. Easy access to city via route K.
1,062
$238,950
$225.00
Wharf Street, Tauranga
Older building which has been strengthened seismically and completely refurbished and
reformatted.
129
$25,000
$194.00
A very smart space with reception area and a mix of open plan and enclosed spaces.
85
$17,850
$210.00
Currently gutted and ready for refitting to a good standard for an incoming tenant.
93
$16,740
$180.00
Older space but neat and tidy with a mix of open and enclosed areas and own facilities. Well
located position just minutes away from all city services.
135
$14,000
$104.00
A smart space on prominent CBD corner position. Mix of open plan and enclosed area. Upgraded
to 67% seismic score. Includes 3 car parks.
256
$50,620
$198.00
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DOWNTOWN TAURANGA
WE ARE HERE
Associated Realty Limted
Harbourside House, The Strand Extension
Tauranga PO Box 13197, Tauranga, New Zealand
Telephone 07 571 0716, Facsimile 07 571 0855
Email: info@associatedrealty.co.nz

Specialists Industrial Commercial

Transcription

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