Colliers Portfolio 2021 | Issue 2

Colliers Portfolio

Issue 2 2021

239, 243 & 245 Ponsonby Road & 42 Arthur Street, Ponsonby For Sale by Expressions of Interest

Accelerating Success 1

Welcome to Colliers Portfolio Issue 2 Welcome to the second Colliers Portfolio for 2021 - a selection of premium commercial and industrial opportunities from across New Zealand.

In this edition, you will find a range of investment opportunities including sought-after Auckland industrial assets, rare city fringe car parks and a CBD office tower for sale. We also include the New Zealand Research Report for April 2021, with commentary on how commercial property may provide an attractive alternative to residential investors given recent government policy changes.

This is just a selection of the properties that we have on offer. Whether you’re looking to invest, own and occupy or develop, our national sales team would be happy to talk to you.

Peter Herdson National Director | Capital Markets

Recent Portfolio Sales SOLD

SOLD

37 Johnston Way, Hastings, Hawke’s Bay 124 Bush Road, North Harbour, Auckland Sold by Rob Nankervis | Colliers Hawke’s Bay Sold by Shoneet Chand & Matt Prentice | Colliers North Shore

SOLD

30R Birmingham Road, East Tamaki Sold by Dhiru Patel & Ash Vincent | Colliers South Auckland

SOLD

6/99 Carbine Road, Mount Wellington Sold by Ben Cockram, Josh Franklin & Ben Herlihy | Colliers South Auckland

SOLD

35-45 The Strand, Parnell, Auckland Sold by David Burley & Shoneet Chand | Colliers Auckland CBD & North Shore

SOLD

14-16 Commercial Road, Helensville Sold by Shoneet Chand & Josh Coburn| Colliers North Shore & West

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Boundary lines indicative only

New year lease to Countdown Iconic10Ponsonby Road

Investment for Sale 239, 243 & 245 Ponsonby Road & 42 Arthur Street, Ponsonby For Sale by Expressions of Interest closing Wednesday 26 May 2021 at 4pm (unless sold prior)

Extraordinary Ponsonby Holding

Combined Land area 2,058m²

Four individual neighbouring sites

Buy individually or entire site

Breathtaking CBD Views

For sale collectively for the first time ever, these four adjoining properties represent one of the most exciting redevelopment opportunities on the market today. As well as being available as one landholding, the four individual properties are available for purchase separately.

With premium location, heritage features, flexible Town Centre Zoning, and unobscured CBD views amongst the site’s many strengths, it is ripe for redevelopment into any one or more of the many end uses permitted under the Unitary Plan.

Be it apartments, office, food and beverage, retail, hotel, or a combination, there is incredible scope for this site to be part of Ponsonby’s continued transformation.

Contact the sole agents today for further information and to arrange an inspection of what must be considered an unmissable opportunity.

Kris Ongley 021 657 687

David Burley 021 478 225

Gareth Fraser 021 242 6779

colliers.co.nz/p-NZL67014613

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Industrial Warehouse For Sale

Prime West Auckland Industrial Opportunity 8 Te Pai Place, Henderson, Auckland For Sale by Deadline Private Treaty closing Wednesday 26 May 2021 at 4pm (unless sold prior)

Z Offered to market with vacant possession

Desirable zoning Business - Light Industry

Large 6,070m² freehold corner site

Located within 2km of SH16

153m of road frontage

A large, versatile freehold industrial facility in West Auckland’s growth hub of Henderson is for sale with vacant possession, providing ample opportunities for owner occupiers looking for space in a low-vacancy market or savvy investors looking to add value and reap the rewards.

Located at 8 Te Pai Place, the property is well-located on what is known as the ‘through-road’ between Lincoln Road and Central Park Drive in the heart of Henderson’s industrial precinct and within 2kms of State Highway 16.

Comprising a mix of warehousing, offices, a showroom, and a cool store, the 3,184 sqm facility occupies a prime 6,070 sqm corner site with 153m of road frontage spanning Te Pai Place and Waipareira Avenue. The building can be reconfigured in many ways to suit a wide range of businesses.

Josh Coburn 021 990 691

Amir Bashota 021 075 5954

Dhiru Patel 021 340 780

Matt Prentice 021 464 904

colliers.co.nz/p-NZL67014598 4

Investment For Sale

Trophy Albany Investment with Global Tenant 44 Arrenway Drive, Albany, Auckland For Sale by Deadline Private Treaty closing Wednesday 2 June 2021 at 4pm (unless sold prior)

Net Return $818,827 pa + GST

12 Year Lease from Nov 2017

Future flexibility - Can be split into multiple tenancies

Fixed 2% annual rent increases

Total Floor Area 3,129m² + 175m² deck

70 car parks including 38 basement parks

Featuring a global tenant returning $818,827 pa net on a long-term lease with fixed annual rent increases, 44 Arrenway Drive is one of the best commercial opportunities in the market and must be seriously considered.

Navico are owned by a Swedish private equity firm and are currently the world’s largest marine electronics company. They are the parent company to market-leading marine electronics brands Lowrance, Simrad and B&G. Positioned on an elevated, prime corner site, this offering features a top quality 3,129m² office/warehouse facility in one of the most tightly held commercial precincts in Auckland. With 70 car parks including 38 basement parks, the property also includes a 1,000m² high stud warehouse which offers future flexibility in a high demand location.

Shoneet Chand 021 400 765

Matt Prentice 021 464 904

colliers.co.nz/p-NZL67014611

*Boundary lines indicative only

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Commercial For Sale New 10 year Investment lease to Countdown

Strategic Auckland CBD Investment with Long Lease Term 124 Vincent Street, Auckland CBD For Sale

ASX Net Income $1,459,417 pa + GST (approx)

Listed Global Tenant $3.5 Billion Market Cap

Cap Ex Long Term Leases with Fixed Annual Rent Increases

Potential residential conversion on expiry

Significant CAPEX & Fit-out Upgrades Completed

Designed by Jasmax 70% NBS rating

124 Vincent Street is a modern eleven-level air-conditioned office building built in 1986 by Mainzeal Construction and designed by Jasmax Group. The 4,478 m2 tower comprises eight levels of offices and three levels of basement parking (55 car parks) sitting on a 1,458m2 freehold title.

Fully occupied with an annual net return of $1,459,417 plus GST, long term leases and fixed annual rent growth make this an attractive investment proposition. Bankability is reinforced with the anchor tenant being an ASX listed global tenant with a $3.5 billion market cap.

Featuring significant services and fit-out upgrades made by the tenant and landlord (over $6 million) and a 70% NBS rating, the asset is strategically positioned between the Aotea & Karangahape City Rail stations due for completion in 2024.

Shoneet Chand 021 400 765

Tony Allsop 021 959 154

colliers.co.nz/p-NZL67014393

*Boundary lines indicative only

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New 10 yearFor lease to Countdown Investment Sale

Medical Investment - Longstanding Government Tenant 136 Whangaparaoa Road, Red Beach, Auckland For Sale by Deadline Private Treaty closing Wednesday 26 May 2021 at 4pm (unless sold prior)

Returning $415,847 pa net + GST

Annual 2% fixed rental growth

6 Year lease to June 2025

Final Lease expiry in June 2031

4,322m² Freehold site

Tenanted by WDHB since construction (2001)

A rare opportunity exists to purchase this high profile medical investment, tenanted by the Waitemata District Health Board and operating as the Hibiscus Coast Community Health Centre since its construction in 2001. Featuring a six year lease until June 2025, plus one further 6 year right of renewal to final its expiry in 2031, the lease also offers fixed 2% annual rental growth, making this an unmatchable investment that must be seriously considered.

Returning $415,847 pa + GST, the property is a beautifully presented two-level building, with net lettable area of 1,318m² plus 90 on-site car parks. With only 18% site coverage (approx), this offering features a freehold land component of 4,322m² and is perfectly positioned to benefit from its central position to Orewa, Silverdale, Red Beach & Whangaparaoa as well as being positioned on the border of the Fletcher Residential, Peninsula Golf Course development of over 500 homes.

Shoneet Chand 021 400 765

Gareth Fraser 021 242 6779

colliers.co.nz/p-NZL67014621

Jimmy O’Brien 021 979 001 *Boundary lines are indicative only

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Investment For Sale

High Profile Investment Anchored by McDonald’s!

194 Great South Road, Papatoetoe, Auckland For Sale by Auction at 11am, Wednesday 2nd June 2021 (unless sold prior)

Returning $330,348.54 pa net + GST

Anchored by popular McDonald’s

Completely refurbished in 2015

Business Town Centre Zoning

High profile corner site - multiple tenants

1,597 sqm Freehold site

Underpinned by two long-standing anchor tenants, McDonald’s & Westpac Bank, and returning a total of $330,348.54 pa + GST + Outgoings, is this highly sought after investment, that must be seriously considered!

The high profile, 767sqm standalone building has corner site frontage to over 20,000 cars daily on South Auckland’s key arterial route, while offering ample parking to the rear of the property and easy access for the busy McDonald’s drive-through.

Developed by highly regarded Argyle Estates in 2015, the newly refurbished building sits on a 1,592sqm fee simple title - Zoned Town Centre, with potential for further development in future.

The property is strategically positioned on a prominent corner site with local landmarks including Hunters Plaza, Papatoetoe Sports Fields, and the Southern Motorway all less than 1km away.

Shoneet Chand 021 400 765

Matt Prentice 021 464 904

colliers.co.nz/p-NZL67014622

Matthew Barnes 021 828 563 *Boundary lines are indicative only

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Boundary lines are indicative only

Significant Industrial Offering

Options Galore! Buy One or Both, Occupy or Develop 16 & 34 Leonard Road, Mount Wellington For Sale by Deadline for Offers, closing 4:00pm Tuesday 8 June 2021 (unless sold prior).

Central industrial location

Vacant possession / holding income

Two buildings totalling 9,276m², available together or separately

Significant office improvements

Development opportunity

Rarely does such a centrally located industrial property come to market. Here is your opportunity to add value through occupation or development. Buy one or both!

The existing 9,276m² of improvements automatically lend themselves to a traditional industrial, office or possibly community use whilst the location also opens up the potential for considering a change in use.

Short term rental income is available to the new owners while they secure tenants or work through redevelopment plans.

Greg Goldfinch 021 537 682

Todd Kuzmich 021 410 774

Hamish West 021 882 737

colliers.co.nz/p-NZL67014700 9

Childcare Investment For Sale

Brand New Top Quality Investment – 15 Year Lease!

53 Station Road, Huapai, Auckland Coming Soon - For Sale by Deadline Private Treaty (unless sold prior)

Returning $328,900 pa + GST & OPEX

Brand new 15 year lease + further ROR’s

Fixed 2% annual rental growth

2,317m² Freehold title – MHS Unitary Plan Zoning

Consented for 110 Children

High growth Auckland location

Strategically positioned in one of New Zealand’s fastest growing regions is this brand new childcare offering with exceptional investment fundamentals. Featuring a brand new building constructed by highly experienced Signature Developments, 15 year lease term, fixed 2% annual rental increases and a proven tenant covenant, this is an excellent, long term passive investment that must be seriously considered!

Returning $328,900 pa net, Huapai Early Learning Centre is perfectly positioned to benefit from significant planned growth in the area. The Kumeu-Huapai plan anticipates that the population will increase tenfold over the next 30 years with 2,000 new builds expected in the area over the next 5-10 years.

Located on a prime 2,317 m² freehold corner site with Residential – Mixed Housing Suburban zoning, the centre is perfectly positioned opposite Huapai Primary School with excellent road frontage and exposure.

Shoneet Chand 021 400 765

Josh Coburn 021 990 691

colliers.co.nz/p-NZL67014749

Matt Prentice 021 464 904 *Images are indicative only

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Industrial for Sale

Quality Industrial Investment 1404 Omahu Road & 8 Chatham Road, Hastings For Sale by Tender closing Thursday 3 June 2021 at 4pm (unless sold prior)

Z Prime Hawke’s Bay location

Award-winning, growing business

Net income $258,000 + GST pa

Room for further development

Zoned general industrial

The property comprises two freehold titles with a combined land area of 8,206m² and floor area of 2,297m², offering a quality industrial investment, located in a high profile position.The long-standing tenant, Greenmount Foods, is a leader in their field, providing value-added ingredients and components to food services and food manufacturing companies around the world.

This purpose-built manufacturing facility is located close to sources of high quality raw materials, logistics hubs and the Port of Napier, with exceptional access to the expressway and the extensive industrial areas of the region. Nearby operators include Heinz Watties, McCains, Freshmax, Wineworx and Visi Packaging, to name a few.

This is a must-consider for investors looking for quality and growth. Offerings like this are rare, and with the Hawke’s Bay region continuing its solid growth, this is a strategic investment which cannot be overlooked.

Rob Nankervis 027 228 5291

colliers.co.nz/p-NZL67014740 11

Industrial for Sale or Lease

High Profile in East Tamaki - Occupy or Invest 14/154 Harris Road, East Tamaki For Sale by Negotiation

Main arterial exposure

Josh Franklin 021 990 714

910m² total building

Greg Watson 021 083 13534

20 allocated carparks

Vacant possession

Add-value opportunity

Ash Vincent 021 442 201

colliers.co.nz/p-NZL67014571

Industrial for Sale

Occupy or Develop - Mixed Use Zone 20-24 Stadium Drive, Pukekohe For Sale by Deadline Private Treaty closing Wed 2 June 2021 (unless sold prior)

Z 4,910m² site

Ash Vincent 021 442 201

Development potential

Josh Franklin 021 990 714

Holding income

Four freehold titles

Zoned Business Mixed Use

Josh Coburn 021 990 691

colliers.co.nz/p-NZL67014718 12

Industrial for Sale

Onehunga’s Ultimate Investment with Upside 92 Beachcroft Avenue, Onehunga For Sale by Deadline Private Treaty closing Wed 12 May 2021 (unless sold prior)

Z Mixed-Use zoning

David Burley 021 478 225

3,727m² net lettable area

Development potential

Hamish West 021 882 737

Gawan Bakshi 021 31 31 48

Returning $521,946 net p.a. + GST

Multiple rental streams

Ned Gow 021 122 2731

colliers.co.nz/p-NZL67014479

Industrial for Sale

Rare Land Opportunity Lot 41, Drury South, Drury For Sale by Deadline Private Treaty closing 4pm Thu 3 June 2021 (unless sold prior)

Z 1.8495 ha freehold industrial

Paul Jarvie 021 337 419

Heavy Industry zoning

Alan Pracy 021 623 089

Dual road frontage

Titles due to be released June 2021

Regular shaped site

Greg Goldfinch 021 537 682

colliers.co.nz/p-NZL67014684 13

Warehouse for Sale

Tidy Industrial with Future Upside

105 Station Road, Otahuhu Auction to be held Wed 2 June 2021 at 11:00am at 52 Highbrook Drive, East Tamaki (unless sold prior)

Z Suitable for occupiers & investors

James Dickey 021 026 81093

593m² net lettable area

Income in place

913m² freehold site

Mixed Use zoning

Ben Cockram 021 245 5855

colliers.co.nz/p-NZL67014686

Investment For Sale

Luna Carparks - International Tenant Unit D15, 16 Burton Street, Grafton, Auckland For Sale by Deadline Private Treaty closing Thursday 20 May 2021 at 4pm (unless sold prior)

Returning $149,915 p.a. + GST

47 Gated & Secure Carparks

colliers.co.nz/p-NZL67014631

New 4 Year Lease Term CPI + 1% Rental Growth

Prime Location close to Mt Eden CRL Station

Jonathan Lynch 021 900 611 Hamish Paterson 021 100 7259

Colliers NZ Limited Licensed REAA 2008

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Industrial for Sale

Split-Risk Investment Opportunity 70-72 The Concourse, Henderson For Sale by Deadline Private Treaty closing 4pm Wed 9 June 2021 (unless sold prior)

Z

NLA 7,156m² freehold site

Josh Coburn 021 990 691

3,617m² net lettable area

Split-risk investment

Greg Goldfinch 021 537 682

Heavy Industry zone

Minutes to the motorway

Dhiru Patel 021 340 780

colliers.co.nz/p-NZL67014772

Boundary lines indicative only

Boundary lines indicative only

Investment / Development

Investment / Development

Priceless Auckland CBD Holding

Priceless Auckland CBD Holding

67-71 Victoria Street West, Auckland CBD

51-63 Victoria Street West, Auckland CBD

For Sale by Deadline Private Treaty closing Wednesday 9th June at 4pm (unless sold prior)

For Sale by Deadline Private Treaty closing Wednesday 9th June at 4pm (unless sold prior)

Net Income $310,000

Circa 510m² Floor Area

Matt Plowman 021 209 9864

326m² Site

Close by Zoned in Sky City & ‘Special Height CRL Aotea Station Area’

Tony Allsop 021 959 154

colliers.co.nz/p-NZL67014798

Net Income $389,025

Circa 823m² Floor Area

Matt Plowman 021 209 9864 Colliers NZ Limited Licensed REAA 2008

534m² Site

Close by Zoned in Sky City & ‘Special Height CRL Aotea Station Area’

Tony Allsop 021 959 154

colliers.co.nz/p-NZL67014793

Colliers NZ Limited Licensed REAA 2008

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Featured News & Research New Zealand Research Report April 2021 Snippets New-Builds, Build-to-Rent and Commercial Property the winners from new housing policies?

The government has announced a raft of new housing policies aimed at cooling residential demand and boosting supply. While investors of existing residential properties look to be the target, discussion is mounting on the benefits the ‘new-build’ residential, Build-to-Rent (BTR) and commercial property sectors may receive.

We provide a review of the government’s recent housing policy announcement and potential implications.

A full version of the government announcement is available at beehive.govt.nz.

Commercial property and syndication likely to be attractive alternative The changes to the residential investment landscape will see alternative strategies explored by an increasing number of investors with commercial property and syndication likely to be beneficiaries.

• Commercial property sales are not subject to the bright-line test while depreciation can be claimed on the buildings themselves.

• The ‘buy-in’ cost may not be too dissimilar to what some residential investors are already committing.

Approximately 65%* of all commercial and industrial assets nationally sell for $1 million or under.

• The industrial sector generally accounts for around 50% of all commercial sales by volume on an annual basis. This is a sector viewed as a safe haven for investors given the strong occupier fundamentals and stability in long-term returns.

• An alternative means of gaining exposure to the commercial property sector is syndicated property offerings. Lower entry prices of between $10,000 and $50,000 for retail investors, relatively hands-off investments and potential additional tax benefits with PIE schemes.

Other considerations: • Further guidance will be required for how mixed-use properties will be treated under these new policies.

• Interest rates are likely to be lower for longer. A lower value growth trajectory for residential property prices may reduce the pressure on the Reserve Bank to increase interest rates.

• Retail property may feel the brunt of lower spending as the ‘wealth-effect’ from residential property price rises wanes.

• Residential rents could rise as many landlords relied upon capital gains and tax benefits to provide desired returns from their residential investments. With capital gains now likely to be limited and tax benefits curtailed, investors will be more reliant upon rental income. The government has not ruled out rent controls.

• With the family home carrying no bright-line test implications, there is an added incentive to maximise its value through upgrades, refurbishment and extensions.

Find out more in the latest New Zealand Research Report at colliers.co.nz/research.

High-profile warehouse in Henderson growth hub provides plenty of options - 8 Te Pai Place, Henderson A large, versatile freehold industrial facility in West Auckland’s growth hub of Henderson is for sale with vacant possession, providing ample opportunities for owner occupiers looking for space in a low-vacancy market or savvy investors looking to add value and reap the rewards.

Located at 8 Te Pai Place, the property is well-located on what is known as the ‘through-road’ between Lincoln Road and Central Park Drive in the heart of Henderson’s industrial precinct and within 2kms of State Highway 16.

Comprising a mix of warehousing, offices, a showroom, and a cool store, the 3,184 sqm facility occupies a prime 6,070 sqm corner site with over 150m of road frontage spanning Te Pai Place and Waipareira Avenue.

Colliers have been exclusively appointed to market the property for sale by Deadline Private Treaty closing at 4pm Wednesday 26 May, unless sold prior.

Josh Coburn, Director of Colliers’ West Auckland office says the site’s scale, location and potential make it a hugely attractive proposition.

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“On offer is a substantial industrial facility on a high-profile corner site in a growth location, with the benefit of vacant possession providing a blank canvas for the discerning buyer “The property consists of two integrated warehouses, which includes the original low-stud building that occupies much of the site, as well as a 384 sqm high-stud warehouse on the southern portion of the property.

“The rear warehouse benefits from being clear span with a stud height of 6.1m and has a motorized roller door that opens out to a securely fenced concrete yard.

“The main warehouse is 1,437 sqm with a stud height of 3.6m. It features suspended fluorescent lighting and is flanked by service rooms along the northern and eastern sides.

“At the western end of the building is a substantial open showroom with a sheltered entrance from the car park.

The showroom is connected to administration facilities including a mix of open plan and partitioned offices, a computer server room, bathrooms, and a lunchroom.

“Desirable Business – Light Industry zoning allows for a range of industrial activities such as manufacturing, production, logistics, storage, transportation and distribution.

“Ample car parking of 75 spaces and access from both street frontages complete the package of a functional light industrial facility.”

West Auckland industrial specialist Amir Bashota says that vacant possession will appeal to a range of buyers.

“Large industrial sites with vacant possession are incredibly scarce across Auckland. Whether you’re a large-scale, light industrial occupier or a savvy investor, this opportunity is not to be overlooked.

“The property will suit owner-occupiers looking to pay borrowing costs rather than rent in a low interest rate market, while the appraised rental income of some $552,395 per annum in a low vacancy area will appeal to investors.

“The industrial vacancy rate in Henderson continued to fall throughout 2020 and is now at 1.6 per cent for prime assets, according to Colliers research.”

Industrial specialist Dhiru Patel notes that Henderson is popular with occupiers due to its connectivity and amenity.

“Located in the heart of West Auckland, Henderson is an attractive location due to its relatively central location and ease of access to other parts of Auckland.

“Being just minutes from the motorway, this property offers unrivalled connection to central, western and northern suburbs. While the nearby Waterview Tunnel provides ease of access to the south and Auckland Airport.

“Henderson is home to a number of cultural, recreational and educational facilities, alongside a wide array of retail amenity, which make it an attractive destination for current and future businesses.”

Matt Prentice, Industrial Sales and Leasing Director at Colliers, says that the high-growth location provides options to add-value in the future.

“Henderson has been identified as one of ten key metropolitan areas in the Auckland Plan, which means it will continue to benefit from investment in infrastructure by the public and private sector.

“Panuku Development Auckland is leading the council’s regeneration project with extensive development expected over the next 30 years including plans to develop several of their owned sites in the area.

“With this growth in mind, availability with vacant possession provides significant upside for the new owner to explore.”

Colliers NZ’s team of market-leading researchers regularly deliver comprehensive reports, forecasts and advice to empower property occupiers, owners and investors to maximise the potential of property and accelerate their success.

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Featured News & Research Prestigious Ponsonby Road landholding on the market for first time - 239, 243 & 245 Ponsonby Road & 42 Arthur Street, Ponsonby The largest privately owned freehold site on the cityside of Ponsonby Road has come up for sale for the first time, affording the new owner endless opportunities to add-value through a refurbishment programme, a complete redevelopment or simply land bank for future value gains.

The highly prominent Ponsonby landholding of over 2,000 sqm on four contiguous titles has the prestigious addresses of 239, 243 and 245 Ponsonby Road and 42 Arthur Street, but is potentially more recognisable from the central landmark building that is known by many as Joe’s Bargain House, but was home of Media Works and more recently Lululemon.

“The elevated positioning on Ponsonby’s ridgeline offers breathtaking views across Freemans Bay and Waitemata Harbour to Rangitoto, and an uninterrupted vista of the CBD’s skyline.

“With mixed zoning including Business -Town Centre Zone, potential uses could include commercial, office, residential, accommodation or retail, making the site’s potential hard to overstate,” says Ongley.

Colliers’ city fringe investment sales specialist David Burley says Ponsonby is a revered commercial and residential suburb.

“Ponsonby is one of Auckland’s most loved and fashionable commercial precincts as well as an affluent residential neighbourhood.

With the four titles offered to the market simultaneously for the first time, the combined landholding of 2,058 sqm on Ponsonby’s ridgeline is one of the most highly sought-after addresses for commercial, retail, and residential property alike, according to the Colliers brokers who have been exclusively appointed to sell the sites.

Associate Director Kris Ongley, who is marketing the properties alongside colleagues David Burley and Gareth Fraser says the properties present a significant opportunity for a discerning buyer to unlock the potential of the sites and are expecting strong interest from a wide range of purchasers.

“There is an unmatched opportunity to unlock the potential of a strategically located site in one of Auckland’s most popular areas.

“The property is superbly located on the acclaimed Ponsonby Road, with all the amenity that the suburb offers as well as being on the doorstep to Three Lamps village and the city centre just 2 kms away.

“As one of very few large landholdings on the cityside of Ponsonby Road, this is genuinely trophy real estate that has significant add-value potential.

“The properties boast a combined 45m of coveted Ponsonby Road frontage and dual access from Arthur Street provides additional flexibility.

“Most of the area’s commercial activity is focused around Ponsonby Road, a 1.7km stretch of road along the ridgeline that’s long been considered the darling of Auckland’s retail and dining scenes.

“Renowned for its trendy shops, cafes, bars and eateries, the recent development of more metropolitan offices has taken the area’s commercial scene to a new level.

“This site benefits from straddling both the commercial and residential sides of Ponsonby, an advantageous position for undertaking either residential or commercial development, or a mix of both.”

Colliers Auckland Director of Investment Sales Gareth Fraser says the properties can be purchased in its entirety or individually, providing options galore for discerning buyers.

To view the full PR article for this property, visit portfolio.colliers.co.nz.

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Featured Brokers About Shoneet has been involved in selling investment property for over 12 years and since 2015 he has been a Director in the Investment & Development Sales teams across the wider Auckland region.

Shoneet Chand Director | Investment Sales North Shore Mobile: 021 400 765 shoneet.chand@colliers.com

Over the past 8 years he has been one of the most successful investment sales brokers in Auckland with a unsurpassable track record of significant sales. He has had considerable experience in dealing with international purchasers and has recently completed several deals with investors out of Asia, Europe and the Middle East.

He has been involved in a number of large land sales and portfolio sales, including divestments for well-known brands like Z Energy, The Warehouse & Bunnings.

Achievements

Listings featured in this Portfolio

Over $1.5b in deals overall

- 44 Arrenway Drive, Albany - 136 Whangaparaoa Road, Red Beach - 124 Vincent Street, Auckland CBD - 194 Great South Road, Manukau - 53 Station Road, Huapai

$325 million of sales in 2020

Colliers top 5 broker 2020

Colliers top broker 2018

Rob Nankervis

Matt Prentice

Broker Hawke’s Bay Mobile: 027 228 5291 rob.nankervis@colliers.com

Achievements

Achievements Over $150m of property sold

Hawke’s Bay top broker 2019

Director | Investment Sales North Shore Mobile: 021 464 904 matt.prentice@colliers.com

Hawke’s Bay top broker 2014

Over $1.5b in deals overall

Colliers top 5 broker 2020

Listings featured in this Portfolio

Listings featured in this Portfolio

- 1404 Omahu Road & 8 Chatham Road, Hastings

- 44 Arrenway Drive, Albany - 194 Great South Road, Manukau - 53 Station Road, Huapai - 8 Te Pai Place, Henderson

Colliers top auction broker 2020

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Licensed REAA 2008

HSBC Tower, Level 23 188 Quay Street Auckland 1010 portfolio.colliers.co.nz *This document has been prepared by Colliers New Zealand for advertising and general information only. Colliers New Zealand does not guarantee, warrant or represent that the information contained in this document is correct. May 2021

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