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Trophy Auction Selection Offers Some of New Zealand’s Finest Investment Properties.
NAI Harcourts is proud to present the Trophy Auction Selection – a portfolio of some of New Zealand’s finest investment properties. Many secured by national tenants, all in premier locations, this auction offers investors the opportunity to acquire prime real estate in multiple regions across New Zealand.
The auction will be held at 12:00pm on Friday 25th August 2023 (Unless Sold Prior), and we invite all interested parties to attend.
Top performing Commercial Sales Consultant Tim Turner from NAI Harcourts is the listing consultant who is working alongside multiple members of the NAI Harcourts team throughout the country.
The Trophy Auction Selection is one which Mr. Turner says, is “a privilege” to work on. “Our team is committed to providing the best experience for all our clients and this remarkable opportunity presents a perfect example of that commitment.
This truly is an amazing opportunity for anyone looking to invest in prime real estate, and to buy at auction, a very transparent sales process for buyer and seller” said Mr. Turner.
At Harcourts, we have established ourselves as industry leaders in auctions throughout New Zealand and we have engaged Andrew North, the previous Australasian Auction Champion, and a prominent figure in the auction industry, to lead our auction proceedings for this important sale.
Continuing, “We have on offer three supermarkets including a modern FreshChoice in St. Albans with a long lease - two Countdowns, one new building in Wellington and one refurbished one in Feilding with 20 years of supermarket trading history.
These resilient investments are backed by Woolworths, Australasia’s largest supermarket chain.
The Warehouse in Alexandra covers a vast catchment area in Central Otago, with two decades of trading history. It is a retail magnet, with minimal competition and has a presence in a unique building that fits the picturesque location.
In Takapuna we have ‘Halls Corner’, an iconic retail destination with multiple tenants such as TSB Bank and Lulu Lemon providing security of cashflow. The underlying zoning allows future development to 24.5m height. You would want an apartment here; it is only 3 minutes’ walk from Takapuna Beach. Auckland Council is very focused on driving Takapuna’s growth as evidenced by the rapidly changing Takapuna skyline.
In Northcote we have a beautiful classical building leased to the ‘Engine Room’ an award-winning restaurant opposite the Bridgeway Theatre. It has off street parking and the Neighbourhood Business Centre Zoning allows commercial and residential use up to three levels.
In Herne Bay, we offer the BP Service Station, on a premier site with guaranteed rental growth. The location is tightly held in one of New Zealand’s wealthiest suburbs.”
Mr. Turner finishes by saying, “I am confident these properties will be sold at levels reflecting the market and the timing could not be better.” With trophy properties such as these in iconic locations, this your opportunity to grow your portfolio with high calibre assets in superb locations.”
COUNTDOWN AOTEA 3A Whitford Brown Avenue, Papakowhai, Poirua City. A resilient modern supermarket in a growing residential catchment area. Constructed in 2017, this strategic asset provides security of cashflow underpinned by supermarket giant, Woolworths New Zealand. Income $1,000,000 p.a.
Blair Double: 021 431 644 blair.double@naiharcourts.co.nz
COUNTDOWN FEILDING 147 Kimbolton Road, Feilding, Manawatu This strategically located Countdown is one of only two supermarkets in Feilding. Constructed in 1996, the building has undergone major refurbishment with the most recent upgrade in 2021. Offering security of cashflow, the net income of $676,000 p.a. is underpinned by supermarket giant Woolworths New Zealand. John McCarthy 021 705 171 john.mccarthy@naiharcourts.co.nz
THE WAREHOUSE ALEXANDRA 10 Limerick Street, Alexandra, Central Otago A stunningly designed building in keeping with the history of Alexandra. The Warehouse is the only large-scale department store in the Central Otago District and enjoys minimal competition from its high-profile position. With an income of $415,250p.a. The Warehouse is an NZX listed asset providing security of cash-flow. Jim Packer 0274 500498 jim.packer@naiharcourts.co.nz
FRESHCHOICE EDGEWARE 61-63 Edgeware Road, St Albans, Christchurch A modern standalone supermarket property underpinned by Woolworths NZ branded FreshChoice Edgeware, located in the highly desirable suburb of St Albans, and benefits from a large and growing suburban catchment just minutes’ drive to the north of the CBD. The property has a long-term lease and a net income of $276,601 p.a. Dave Calder 029 200 8073 dave.calder@naiharcourts.co.nz
HALLS CORNER 2 Hurstmere Road, Takapuna, Auckland Anchored by TSB Bank (approx. 43% of income), other tenants include Three Wisemen, Umi Sushi, Old Lolly Shop, Box'd, Mr Yum, and Reflexology. They provide a consistent stream of split risk income. HALLS CORNER - 2- 20 HURSTMERE ROAD, TAKAPUNA, AUCKLAND
View of Halls Corner showing the individual components which are being sold separately.
Redevelopment concept
Isaac Tankard 027 702 0663 isaac.tankard@naiharcourts.co.nz
Dave Lane 021 928 031 dave.lane@naiharcourts.co.nz
HALLS BUILDING 4 Hurstmere Road, Takapuna, Auckland A superb opportunity for an investor to secure a trophy investment located within Central Takapuna. 332m² Freehold site with a 2 Level building has prime retail frontage on Hurstmere Road, leased to five tenants providing a multiple income stream.
20 HURSTMERE ROAD, TAKAPUNA, AUCKLAND
20 Hurstmere Road is the third component of the retail destination that is Halls Corner. It has three tenancies with modern fitouts and a chic feel. LuluLemon make the most of the revitalised Hurstmere Rd, whilst Superette fronts the new Anzac Town Square. “Takapuna Central” with 110 apartments under construction, are within 2 minutes walking distance.
BP JERVOIS ROAD 47-55 Jervois Road, Herne Bay, Auckland High-profile Herne Bay investment is fully leased to a well-established tenant, guaranteeing an impressive annual return of $150,491.25 p.a. + GST. With approximately 4 years remaining on a 10-year lease term, and additional rights of renewal through until 2046, this property ensures long-term stability and profitability.
THE ENGINE ROOM 115 Queen Street, Northcote Point, Auckland 115 Queen Street is a 503m² freehold corner site with frontage on Queen Street and Bartley Street, Leased to "The Engine Room" since 2006 the property is returning $129,092 + GST + Outgoings. A rare opportunity for an astute investor to secure a freehold character investment with a long-standing award-winning Tenant.
Don’t miss out on your chance to acquire these incredible investment opportunities! Visit naiharcourtsauckland.co.nz/trophy-auction-selection/or contact us today for more information on how you can get involved with the Trophy Auction Selection.
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