Property Brokers Commercial Outlook Summer 2020/2021

Commercial

Outlook Summer 2020/2021

For Lease 37-40 The Square, Palmerston North Page 69 December 2020 Property Brokers Licensed REAA 2008

Contents

08 For Sale

50 For Lease

03 Commercial Overview

08 Northland

50 Waikato

04 Property Management

09 Waikato

61 Bay of Plenty

06 Building Compliance

12 Bay of Plenty

62 Hawke’s Bay

13 Taranaki

66 Whangaui

14 Hawke’s Bay

68 Manawatu

32 Whanganui

74 Wairarapa

36 Manawatu

76 Kāpiti Coast

78 Recent Sales

42 Wairarapa 43 Tararua 44 Horowhenua 46 Kāpiti Coast

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Proud to be here

Marty Love

National Commercial Manager

Focus now turns to 2021 General Market Comments The highly anticipated implications of COVID-19 have not been as dramatic as many would have expected, although New Zealanders are still being warned to prepare for a recession during 2021.

The economy has dealt with and bounced back significantly well from the initial lockdown periods, however the economy continues to remain vulnerable, and businesses are being warned to expect more tough times heading into the new year. Economists are expecting GDP quarters to fall three times throughout 2021 despite experiencing positive growth during the September and December quarters this year. However, investment in commercial property is not necessarily seen as undesirable as the directive of RBNZ has slashed the OCR to a record low of 0.25%, which means interest on borrowing has significantly decreased.

Office overview Many office-based businesses have seen adjustments to expectations endured from the COVID-19 lockdown and the ability to work digitally from home. The idea of working from home has been questionable in recent years, although many businesses saw great success during the lockdown period without loss of productivity. Many

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businesses are introducing strategies that encourage employees to work from home as productivity increases due to less time spent commuting while being able to minimise overhead costs related to office-based expenses.

Combining these factors with the rising rate of unemployment has resulted in increased vacancy rates throughout the country.

a recession, the industrial sector has been warned not to get too complacent as there is still a significant level of COVID-19 related impacts to come.

Retail overview

Summary

The retail sector initially saw the greatest impacts resulting from COVID-19. Contributing factors for this were due to decreases in quarterly spending, and restrictions placed on consumer movement and transport earlier in the year. However, consumer confidence has rebounded positively in recent months, which has created a more positive outlook for the retail sector heading into 2021.

Industrial overview In spite of COVID-19, the industrial sector has continued to show significant resilience against current market conditions. Escalating demand and scarce supply factors have meant the industrial sector has been able to maintain strong performances across the country. Although, with a particular level of uncertainty in respect of what 2021 will bring and the possibility of

With this being said, industrial businesses should find confidence in evidence that suggests sub-four percent yields, and a record-high number of building consents issued within the industry through September.

In summary, with the outlook for 2021 looking unpredictable for all, each sector is encouraged to remain positive and optimistic. With the general election now over, businesses should find comfort in the promises made by the Government to invest, assist and support people, businesses and projects in the medium to long term, as well as putting the country in a stronger position within the global export markets.

Marty Love

National Commercial Manager Property Brokers Ltd

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Commercial Property Management COVID-19 (Oh no not again) Property Brokers Commercial Property Management is responsible for over two billion dollars of property across New Zealand, a number that has been affected due to the impacts of COVID-19. Tenants were put under pressure to pay their rent while their businesses were not fully operating, while landlords were under pressure to meet their mortgage commitments.

Some landlords panicked and agreed to conditions out of proportion to the economic damage. Hindsight is a wonderful thing, but to be fair, these were unprecedented circumstances.

Property Brokers’ Commercial Team were grateful that we could gather intelligence from our software provider and commercial portfolio to set fair rates and protect the value of the asset for our landlords.

On 16 May 2020, the notice period for unpaid rent was extended from 10 working days to 30 working days. This gave commercial tenants more time to catch up on rental payments. If tenants were unable to catch up, we were able to negotiate temporary changes to the rent or lease agreements. This helped the tenant get by until they could resume operating as usual.

The Government introduced this to share the financial pain between landlord and tenant, though, in practice,

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landlords were often refused payment holidays by banks. So, though we may be biased, landlords tended to get a bigger share of the COVID-19 pain.

The current law also says that lenders must give 20 working days notice before they use their powers to take possession of or sell a mortgaged property. The temporary law changes extended that period to 40 working days. I haven’t heard of any forced sales in any of the Property Brokers regions however.

On 30 July 2020, the Minister of Justice announced a government subsidy to assist with the cost of mediation and arbitration for New Zealand businesses and landlords around adjusting rent and other issues related to COVID-19.

At the time of writing, this has not been tested by any property managers I’ve talked with.

The best approach is to work together constructively to find a solution which

is sustainable and will meet all parties’ needs. This is an approach that many commercial property managers and tenants are developing and using successfully.

The economy is recovering better than expected. The commercial sector is doing well in the regions and with a vaccine likely the future looks very positive.

For comprehensive, tailored Commercial Property Management that will protect the value of your asset, get in touch with us today on 0800 367 5263 or visit pb.co.nz/commercialpm

Kerry Harford

Senior Commercial Property Managerr

Proud to be here

Building Compliance A case study Many property transactions commence as a typical landlord/tenant leasing scenario where a tenant enters into a conditional agreement to lease part of a landlord’s building. In this case study, the tenant required a change in the fit-out and agreed to complete this work at tenant cost.

Building consent application was made by the tenant for minor fit-out changes.

The Territorial Authority, as part of granting building consent, required a new firewall between the residential and retail parts of the building, and a fire alarm upgrade covering the entire building. The tenant’s view was that they should not be involved in anything outside of their tenancy. The landlord’s view was that the tenant agreed to fund the entirety of the fit-out, and did not agree to fund anything.

become part of a fresh application, and they may have implications for the entire building.

Both parties were surprised and unhappy at the requirement. The lease failed due to unanticipated increased cost.

Property Brokers Compliance can smooth the process by providing scope and pricing to complete various aspects of upgrading to meet current building code requirements. We can work with Council, Real Estate Agents, Property Managers, Tenants and Landlords in

a complimentary manner to increase understanding of the technical requirements that may be required to meet consent conditions.

Call 0800 2 COMPLY (0800 226 675) or visit 2comply.co.nz

Gary Nichols

General Manager Compliance

The learnings are that the Building Act is quietly growing in technical complexity. Its interpretation can be difficult for the non-experienced to anticipate. It is not advisable to enter into an agreement to lease involving fit-out without an up to date understanding of the implications of the consent process. The Building Act has retrospective provisions that can

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Commercial Sales & Leasing

Commercial

Property Management

Commercial

Building Compliance Services Building WOF, Fire Alarm Testing, Evac Schemes and Electricial Services

We do it all Ph 0800 367 5263 or visit pb.co.nz/commercial Property Brokers Licensed REAA 2008

Northland Waipu 30 Cove Road SaleSale For

Boundary indicative only

Lighthouse Waipu A unique opportunity to own the only Motel in town. An affordable accommodation accommodation option option just 2 minutes to the heart of Waipu Village and a 90-minute drive North North of Auckland Auckland or Bay of Island.

Islands.All Allthe thehard hardwork workhas hasbeen beendone donewith withall allthe therooms roomsbeing beingredecorated, redecorated, business setup, laundromat business, separate restaurant and bar.

For Sale By Negotiation View By appointment Web pb.co.nz/MOC02716

This property offers a high yielding return for the investment buyer, with some growth opportunities in the business.

Call us today to discuss other questions you might have or get straight into it and create the location you always wanted.

Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

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Alan Copeman M 021 874 222

E alan.copeman@pb.co.nz Proud to be here Proud to be here

Waikato Frankton 21 Commerce Street SaleSale For

21 Commerce Street • 341m² (more or less) of building over two-levels, commercial office and storage.

• Mix of office, reception, meeting rooms, and mezzanine.

• Two roller door access points.

• Four on-site parking spaces.

For Sale By Negotiation View By appointment Web pb.co.nz/MOC02813

With a variety of neighbours including ATL Balancing & Driveline, Jaycar, APPCO, Ming Detailing and Extreme automotive your business will fit in well amongst them all.

Alan Copeman M 021 874 222 Property Brokers Ltd Licensed REAA 2008 | pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

E alan.copeman@pb.co.nz Proud to be here 9

Waikato Waharoa Dunlop Road SaleSale For

Lot 6

SOLD

Lot 9

Lot 10 Lot 11 Lot 12

SOLD SOLD

SOLD

SOLD

SOLD SOLD Lot 17

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Prime Industrial Zoned Land • 6 remaining sites • Fully serviced with power, water,stormwater stormwaterand androading roading powe, water, • 45 minutes from Tauranga Taurangaand andHamilton, Hamilton,22hours hoursfrom fromAuckland Auckland Lot 6 - 7,279m 7,279m²2 (more or less) Lot 9 - 33,099m 33,099m²2 (more or less) Lot 10 - 38,585m 38,585m²2 (more or less) Lot 11 - 9,901m 9,901m²2 (more or less) Lot 12 - 9,767m 9,767m²2 (more or less) Lot 17 - 8,208m 8,208m²2 (more or less)

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For Sale By Negotiation View By appointment Web pb.co.nz/MAC72746

Johnny Halstead M 021 932 831 E johnny.halstead@pb.co.nz Proud to be here Proud to be here

Waikato Coastlands 57B Mill Road SaleSale For

Prime industrial land This location is a fully fenced site of approximately 2,300m² (more or less). Fully serviced and close to State Highway 30. This site is located just off the main arterial route leading into Whakatane.

For Sale By Negotiation View By appointment Web pb.co.nz/WTC00015

This would suit and an owner-occupier owner occupierororinvestor, investor,explore exploreallallthe theoptions. options.There Thereisislimited limited industrial land in Whakatane Whakatane, so so call call today today to to enquire enquire about about this this fully fully fenced fenced and serviced serviced site. site.

Alan Copeman M 021 874 222 Property Brokers Ltd Licensed REAA 2008 | pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

E alan.copeman@pb.co.nz Proud to be here 11

Bay of Plenty Whakatane SaleSale For

Recruitment Agency in Bay of Plenty Job recruitment agencies are being widely used among job seekers with a rise in various new job hunters.

• Net income to a working owner exceeds $100,000 • Established system and client base • Modern office set up • The business is experiencing year on year growth and has NOT been negatively impacted

by COVID 19 • Great opportunity to earn a great income and be your own boss Would suit a professional recruiter, HR practitioner or enthusiastic sales person.

Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

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For Sale By Negotiation View By appointment Web pb.co.nz/WTC00016

Alan Copeman M 021 874 222

E alan.copeman@pb.co.nz Proud to be here Proud to be here

Taranaki Midhirst 3158 Mountain Road SaleSale For

Land, building and business!

Available for purchase or business lease. The current proprietors are ready to retire and let the 'new' owners carry on this praised and well patronised business!

The Midhurst Tavern operates predominately as a Bistro and Bar, serving lunch from 12.00pm through to evening meals later in the day. Full of that 'country feel' ambience and warm welcoming of a wood burner and greeting from smiling staff as you enter into the Tavern Bar to quench the thirst or for pre-dinner drinks. Bistro area is separate to the bar and this further extends to a covered outdoor area with heating.

Call now to find out more about this secure and affordable Hospitality opportunity.

Property Brokers Ltd Licensed REAA 2008 | pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

For Sale By Negotiation View By appointment Web pb.co.nz/NPC76742

Paul Northcott M 027 575 7202 E paul.northcott@pb.co.nz Proud to be here 13

Hawke’s Bay Napier South 242 Emerson Street SaleSale For

For Sale - Investment with yield of 8.5% • Freehold investment property • 2 very good tenancies • Full engineering report available (2018) • This single story commercial property ticks the boxes • Owner is serious about selling and will consider offers that return you 8.5% on net income.

For Sale By Negotiation View By appointment Web pb.co.nz/NC78902

Take action now to secure this very good investment property. Contact sole agent for further information. Viewing by appointment.

Les Kennedy M 027 250 0227 E lesk@pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

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Hawke’s Bay Napier CBD 247 Emerson Street SaleSale For

Prime CBD office/retail location • For sale 105m² (more or less) freehold property; Vacant possession • Located on sunny side of Emerson Street • Would suit owner occupier looking to own rather than paying rent - office or retail • Very stylish building with tidy interior • 67% NBS.

For Sale By Negotiation View By appointment Web pb.co.nz/NC77279

There are very few freehold opportunities like this available in the Napier CBD. Make the move now to secure.

Les Kennedy M 027 250 0227 E lesk@pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

Proud to be here 15

Hawke’s Bay Napier CBD 19 and 21 Clive Square West SaleSale For

Pride of your portfolio Character offices located overlooking the Clive Square Gardens in Napier. Offer consists of two stand alone office buildings, the rear; a fully leased investment and the front; becoming available to be occupied towards the end of 2020.

For Sale By Negotiation View By appointment Web pb.co.nz/NC76721

• 1004m² (more or less) freehold land area on two titles • Buildings - front 360m² (more or less) and rear 250m² (more or less) • Current net rental across both tenancies approximately $117,000 +GST pa This is a significant holding which will suit investor or owner occupier with plenty of upside for future development in this location.

Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

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Susan Davis M 027 472 2266 E susan@pb.co.nz Les Kennedy M 027 250 0227 E lesk@pb.co.nz Proud to be here Proud to be here

Hawke’s Bay Marewa 112 Kennedy Road SaleSale For

Great opportunity • Freehold commercial property in busy Marewa shopping centre - Vacant possession • Recently strengthened to 80% NBS and reroofed • 115.1m² (more or less) Ground floor retail • 109.3m² (more or less) first floor which has separate access from the front of the building • Can be utilized as one tenancy or two - retail and accommodation, office/service • This property has a lot to offer investors or owner occupiers so move quickly to secure • For further information please contact the sole agent. NB: The building is also available to lease. Please refer to listing NC78739.

For Sale By Negotiation View By appointment Web pb.co.nz/NC78562

Les Kennedy M 027 250 0227 E lesk@pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

Proud to be here 17

Hawke’s Bay Maraenui 10 Bledisloe Road SaleSale For

Great little investment property • For sale this freehold tenanted property • Current lease in place of $18,200 +OPEX +GST • Sale price includes all fixtures, fittings and chattels • Complete fit out with new commercial kitchen and walk in chiller • Adjacent tenants include: Laundromat and award-winning award winning Bakery ‘The 'The Pie Man’ Man' and EIT • Don't Don’t miss this golden opportunity to secure these premises as a great little investment • Come and have a look

For Sale $310,000 View By appointment Web pb.co.nz/NC78881

Les Kennedy M 027 250 0227 E lesk@pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

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Hawke’s Bay Greenmeadows 5 Lannie Place SaleSale For

Resthome business opportunity operator or investor • Suit owner owner-operator • Very good trading accounts showing a healthy net surplus • 20 bed capacity with DHB contract • Immaculately maintained inside and out • Current ministry of health certificate to 22 September 2022 • Existing lease to 8 March 2044 • Business owner is retiring after many years and is ready to pass this opportunity on • Full information package available upon signing of a confidentiality agreement • For Sale $240,000 plus chattels

Property Brokers Ltd Licensed REAA 2008 | pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

For Sale $240,000 + GST View By appointment Web pb.co.nz/NC76686

Les Kennedy M 027 250 0227 E lesk@pb.co.nz Susan Davis M 027 472 2266 E susan@pb.co.nz Proud to be here 19

Hawke’s Bay Twyford 1424B Omahu Road SaleSale For

Boundary indicative only

Substantial high stud industrial New to the market and Zoned General Industrial is a substantial modern, 6m high stud warehouse with easy access off Omahu Rd. This property consists of 3 phase power, is fully fenced and secure with a large concrete yard in a prime position.

For Sale By Negotiation View By appointment Web pb.co.nz/NC78553

This is situated only 2.6km from the expressway that links Napier and heading south to Wellington.

The main warehouse building comprises 1896m² (more or less) and was built in 2005.

There is an amenities area partitioned office, lunchroom with sink bench and hot water unit, toilet area which includes a shower, handbasin and two toilets. A mezzanine area is situated above the amenities and provides a passageway and three offices or storerooms.

Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

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Paul Garland M 027 329 5777 E paulg@pb.co.nz Proud to be here Proud to be here

Hawke’s Bay Twyford 1393 Omahu Road SaleSale For

Omahu Road industrial subdivision opportunity This industrial land is ready for development. HDC approved subdivision has seven lots from 5000m² (more or less) - 1.2ha (more or less), but the council allows a greater number with section sizes on the Omahu frontage able to be 1000m² (more or less) and 2000m² (more or less) at the rear.

For Sale By Negotiation View By appointment Web pb.co.nz/NC75309

The site is level and offers a wide 163 metre frontage onto Omahu Road. Land is well located beside NZ Frost fans and opposite James Rochfort Place.

This is an opportunity that is ripe for development now.

Susan Davis M 027 472 2266 E susan@pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

Proud to be here 21

Hawke’s Bay Mahora 1303 Tomoana Road SaleSale For

Boundary indicative only

Best value Industrial Ripe for development and with all services to the site, this 8288m² (more or less) industrial zoned property has some major plusses and deserves your attention.

Firstly, comeswith with$168,000 $168,000HDC HDC development development levy levy credits. credits. Secondly, Secondly, itit isis well well priced priced at at Firstly ititcomes $220psm + GST for sale. Thirdly, zoned General General industrial industrial with with access access to to the the waste waste water water Thirdly itit isis zoned infrastructure & sewerage sewerage line line located located nearby, nearby, making making this this property property suitable suitable for for food food manufacturing or it could be warehousing, distribution or any industrial activity.

hardstand, it is truck ready. Developers, Security fenced and with a large concrete pad and hardstand, this land offers great value.

Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

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For Sale By Negotiation View By appointment Web pb.co.nz/NC69676

Susan Davis M 027 472 2266 E susan@pb.co.nz Proud to be here Proud to be here

Hawke’s Bay Longlands 85 Irongate Road East SaleSale For

Boundary indicative only

Boundary indicative only

Last Industrial site available for sale Located right alongside the Hastings expressway at the end of Irongate Road, which is new Industrial area, this last section of bare industrial land is available for sale.

This location is the most cost effective industrial land in Hawkes Bay. Fully serviced 1 Ha (10,000m² more or less) freehold site with wide ROW access for trucks and all services to the boundary included.

For Sale By Negotiation View By appointment Web pb.co.nz/NC69090

HDC Development levies are paid. Freehold title. Secure this site today - it is ready to go!

Susan Davis M 027 472 2266 E susan@pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

Proud to be here 23

Hawke’s Bay Hastings Central 337 Heretaunga Street West SaleSale For

Boundary indicative only

Exercise this investment • Floor area: 345m² (more or less) • Land area: 608m² (more or less) • 100% Leased • Rental: $50,000 net pa. built-in frontage, it is located at the top end of the Designed and built in 1995 with excellent street frontage, 300 blocks on Heretaunga Street West and is also centrally positioned in the Hastings CBD. There is good street parking out the front and an additional 24 council car parks located at the rear of the property with access to this via the newly created service lane. This building is seriously well equipped to handle the needs of many different potential tenants. The property consists of two buildings, both leased, offering diversity and split risk security.

Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

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For Sale By Negotiation View By appointment Web pb.co.nz/NC76226

Paul Garland M 027 329 5777 E paulg@pb.co.nz Proud to be here Proud to be here

Hawke’s Bay Hastings Central 342 Heretaunga Street West SaleSale For

Bite on this investment • Well established tenant.

• Good market rental review mechanism • 100% NBS • 9 gaming machines • $75,000 net rental pa + GST. This is a very well appointed property and meets much of the criteria for an outstanding investment in a prime location within the heart of a very buoyant city and region. A new lease is in place with Currizzas Restaurant whom sell dine-in or takeaway, curries, pizza and pasta, along with a licensed bar, party hall and nine gaming machines. Add this one to the shopping cart and enjoy the income stream.

Property Brokers Ltd Licensed REAA 2008 | pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

For Sale By Negotiation View By appointment Web pb.co.nz/NC76228

Paul Garland M 027 329 5777 E paulg@pb.co.nz Proud to be here 25

Hawke’s Bay Hastings Central 114 King Street North SaleSale For

Upstairs Upside Investment • Good profile • Central Hastings location • Ideal for the additional value investor • $26,000 Gross rental pa This Charming 1950's two-story building centrally located in the designated area within HDC's innovative street upgrading initiatives. The ground floor is leased to a long time tenant. The 1st floor is vacant, therefore, offers a buyer the opportunity to lease out as an office or convert to an apartment to either live in or rent out. With prominent street frontage, the property is located within a prime retail area of Hastings.

Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

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For Sale By Negotiation View By appointment Web pb.co.nz/NC75187

Paul Garland M 027 329 5777 E paulg@pb.co.nz Proud to be here Proud to be here

Hawke’s Bay Hastings Central 113 King Street North SaleSale For

Boundary indicative only

Boundary indicative only

Commercial investment Hastings Central An opportunity to own a commercial retail investment property with 3 rental streams in Central Hastings. The site consists of tenants Goddards, a dairy/mart, and residential space on level one which is currently occupied. Total land area is 650m² (more or less) and floor area 688m² (more or less). Details of the tenancies are on file with rental income $62,640.00 per annum, (plus GST). Surrounded by a number of well-known local and national tenants, such as Farmers, Specsavers, Countdown, Hector Jones, Sutto cafe, and the successful Gengy's restaurant makes this a good proposition. If you are into commercial or are thinking of securing one, call us now for more details and viewing arrangements.

Deadline Sale closes Thursday 17th December, 2020 at 2.00pm, (unless sold prior), Property Brokers Hastings View By appointment Web pb.co.nz/NC79735

Paul Garland M 027 329 5777 E paulg@pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

Proud to be here 27

Hawke’s Bay Hastings Central Unit A/305 Lyndon Road West SaleSale For

Boundary indicative only

Boundary indicative only

Nicely appointed private office space • High profile site on Lyndon Street - Suburban area • NBS is 100%.

This property comprises a 150m² (more or less) building and shared common areas including car parking on the fringe of Hasting's CBD. The building is offered as vacant possession. This presents a superb opportunity within a CBD fringe location to locate yourself in a nicely appointed private office space that offers easy access for clients and staff. Feel free to contact me for additional information. An Information Memorandum is available upon request.

For Sale By Negotiation View By appointment Web pb.co.nz/NC79489

Paul Garland M 027 329 5777 E paulg@pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

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Hawke’s Bay Hastings Central 106 Queen Street East SaleSale For

Investment opportunity - Essential service A very nice little investment opportunity comprising 178m² (more or less) of building and 290m² (more or less) of land. 106 Queen Street East is perfectly positioned on Queen Street East with banks, cafes, national retailers, and K-mart all within 1-2 min walk. The tenant, OM Goodness is doing well and enjoying the space. The building is a very appealing Art Deco style design and has a 9.6 meter retail frontage giving it excellent profiling opportunities for the tenant. It also has natural light, exposed beautiful timber roof trusses, yet is well insulated with two air conditioning units to service the whole building, new amenities, two dedicated car parks and a new roof. Lease details: Available upon request.

For Sale By Negotiation View By appointment Web pb.co.nz/NC78551

Paul Garland M 027 329 5777 E paulg@pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

Proud to be here 29

Hawke’s Bay Waipukurau 40 Russell Street Business for Sale

Pressed 4 Time - Laundromat/Drycleaners Looking for that Mon-Fri, 8 - 5 working life, but fancy being your own boss? Then look no Hawkes Bay. further than this one-of-a-kind business in Central Hawke’s Bay.AAlaundromat, laundromat,dry drycleaners cleaners and embroidery shop all in one. In the heart of Waipukurau's CBD, the laundry side of the business is completely self-sufficient and runs 24/7. Successfully run as a 2-person operation, the stock and plant list are too long to list but include modern vehicle, 6x coin washing machines, 8x coin dryers and 2 embroidery machines. The area is growing at an unprecedented rate so expansion or growth of the current business is always viable. Buyers needsno noindustry industryexperience experienceas astraining trainingand andsupport supportisisoffered offeredby bycurrent currentvendors. vendors. need

For Sale By Negotiation View By appointment Web pb.co.nz/WC79304

Ethan Harper M 022 470 2791 E ethan.harper@pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

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A commercial property’s value is tied to the strength of its lease. This just happens to be where we excel.

Commercial real estate is a vehicle for capital growth and strong yields - it’s the infrastructure that our entire economy is built on. It’s vitally important to understand the type of property you are purchasing, and how to make the most of it. Safeguard your investment with our Commercial Property Management division’s expertise and services.

Whether you own a small block of shops, an office building, warehouse or large shopping mall, we’ll manage every aspect of your commercial investment for you, so you can relax and enjoy the benefits.

• Rent and outgoings collection • Annual building budgets • Lease renewals and rent reviews

• Planned and preventative maintenance • Health and safety management • Tenant liaison and retention

For comprehensive, tailored Commercial Property Management that will suit you down to the ground, get in touch with us today on 0800 367 5263 | pb.co.nz/commercialpm Property Brokers Ltd Licensed REAA 2008

Commercial Property Management

Whanganui Whanganui Central 156 Victoria Avenue SaleSale For

Boundary indicative only

Relax, enjoy the benefits Would you like to live in the central city lifestyle with dwelling and income? This modern 2003 constructed building ticks owner/occupier or straight investment boxes.

Capture the benefits of the ground floor 2 tenant net leases and the spacious upper floor office layout which lends itself to inner-city apartment conversion. Access to the upper floor via stairways from both Victoria Avenue and also from the rear courtyard, including 8 car parks. Upstairs, curved windows and a deck are facing Victoria Avenue, a large central space plus 6 rooms, kitchen, 2 toilets and storage. The building is 705m² (more or less) and section 809m² (more or less).

Auction For Sale by Negotiation View By appointment Web pb.co.nz/WGC76831

Gil Button M 021 326 956 Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

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E gil.button@pb.co.nz Proud to be here Proud to be here

Whanganui Castlecliff 4 Hinau Street SaleSale For

Multiple opportunities This wonderful sunny and totally secure property (fencing and surveillance systems) consists of a 2032m² (more or less) block of land in a prime commercial area. There are 32 storage units situated within 3 large sheds AND comes complete with a wonderful sunny 3-bedroom family home with deck overlooking the wetlands.

This fabulous opportunity is currently operating as a fully tenanted storage facility.

However, its possible uses are diverse and many: • Continue with the storage facility and live in the house • Perfect site for tradies looking for a worksite with great secure storage whilst receiving passive income from the remaining storage sheds • A great option for a growing business Property Brokers Ltd Licensed REAA 2008 | pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

Tender Friday 4th December, 2020 at 4.00pm, For Salecloses

by Negotiation (unless prior), Property Brokers Limited, 51 Taupo View Bysold appointment Quay, Whanganui Web pb.co.nz/WGC79241 View By appointment Web pb.co.nz/WGC79241

Jude Sims M 021 624 456 E jude.sims@pb.co.nz Jeff Sims M 027 441 4139 E jeff.sims@pb.co.nz Proud to be here 33

Whanganui Castlecliff 90 Puriri St SaleSale For

Suburban mini-supermarket business A spacious and well laid out supermarket business in a high-density residential area, close to industrial businesses. Located on a high traffic volume main arterial street from the city centre to residential and industrial areas and situated nearby to schools. Business fitout includes product racking, pallet lifter, display freezers and more. Floor area comprises 450m² (more or less) plus extensive car park area. The accounts show a healthy bottom line and the vendors are motivated to sell. Need to know more? Call the agent for specific details.

For sale by negotiation.

For Sale By Negotiation View By appointment Web pb.co.nz/WGC74087

Gil Button M 021 326 956 Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

34

E gil.button@pb.co.nz Proud to be here Proud to be here

Expert inspections and advisory services start with an experienced team.

Just as every discipline has its specialisations, so too does commercial building management. One of these areas of specialisation is commercial building compliance.

Property Brokers Compliance has the experience, training, and qualification to confidently navigate the sometimes complex and subtle path through compliance by consulting, maintaining, reporting and inspecting individual properties to meet the requirements of relevant building and fire legislation. Our dedicated team operates 24hrs a day, 365 days of the year, we love what we do, and it shows.

• • • • •

Fire alarm design, installation and maintenance Electrical installation and maintenance – commercial and residential Trial evacuations and evacuation planning IQP inspections Building Act Warrant of Fitness

For reliable compliance services, talk to us today 0800 2 COMPLY (0800 226 675) | 2comply.co.nz

0800 2 COMPLY (0800 226 675) compliance@pb.co.nz

FIRE & SPRINKLER CONTRACTORS

2COMPLY.CO.NZ

Aon Approved Sprinkler Contractor

Manawatu

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Rangitikei

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Horowhenua

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Kāpiti Coast

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Wellington

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Tararua

Manawatu Feilding 100 Fergusson Street SaleSale For

Retail Premises On the main shopping street in the heart of Feilding's CBD, a spacious retail shop with a floor area of 420m² (more or less) with two rear staff car parks.

2 x tenants, sleep systems and French Beauty clinic paying a combined rental of $31,000 PA + GST net.

For Sale By Negotiation View By appointment Web pb.co.nz/FC49019

Ian Steele M 027 441 1235 E ian@pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

36

Proud to be here Proud to be here

Manawatu Feilding 96 Fergusson Street SaleSale For

Boundary indicative only

Better to own than rent This property is situated in the heart of Feilding's main shopping street with plentiful foot traffic. A floor area of 420m² (more or less), with a bright and modern interior, high profile window frontage and rear staff/customer off-street parking. Could be two separate premises or one. At the rear is a large workshop or warehouse with roller door access for tradesmen. With two paraplegic toilets, separate kitchen kitchen and and storage, storage this versatile and adaptable building will suit all retail or office purposes. With interest rates being so low now is the time to secure your future. Vacant possession.

RV $345,000.

For Sale From $300,000 + GST (if any) View By appointment Web pb.co.nz/FC78733

Ian Steele M 027 441 1235 E ian@pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

Proud to be here 37

Manawatu Feilding Kawa Kawa Road and South Street SaleSale For

Boundary indicative only

High profile commercial land for sale A total 29,400m² (more or less) of prime commercial land is available in lots from 2000m² (more or less) upwards. An ideal location with high traffic volumes close to the CBD and on the main arterial routes of Feilding. On the doorstep to Manfeild Park, home to motorsport, equestrian events, central district field days and Manawatu and Feilding I A and P shows, plus many other local events. Feilding is experiencing strong growth and remains a progressive rural service centre with above-average levels of economic and population growth and now home to approx. 17,000 inhabitants with the surrounding Manawatu region well above 100,000. Feilding and Manawatu is now a major distribution hub for the lower central north island. This freehold land is ready for development with the opportunity to purchase all or part to suit your business needs.

Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

38

For Sale By Negotiation View By appointment Web pb.co.nz/FC70119

Ian Steele M 027 441 1235 E ian@pb.co.nz Proud to be here Proud to be here

Manawatu Cloverlea Business for Sale

Don't miss this opportunity - make an offer!

Take control of your own business and be your own boss! The well-established Wayback Traders of Palmerston North is ripe for the taking. This business must sell!

• Continued growth year upon year

For Sale By Negotiation View By appointment Web pb.co.nz/BC74942

• Strong trading results generating steady cashflows • Significant warehouse and retail showroom • Delivery vehicles, trained staff and systems in place

Property Brokers Ltd Licensed REAA 2008 | pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

Dave Looney M 027 446 2889 E davel@pb.co.nz Kate Looney M 021 517 340 E katel@pb.co.nz Proud to be here 39

Manawatu Terrace End 298 Broadway Avenue Business for Sale

Secure your future - Successful Seafood Business Deli-ca-Sea is well known throughout our region for providing us with fresh fish and seafood, complemented with a wide range of gourmet delights, six days a week, from a modern shop in a great Broadway location, with ample free parking and covered drivethrough. With well-engineered systems in place, this turn-key business would make for a wise career choice in the ever-changing world we live in.

For Sale By Negotiation View By appointment Web pb.co.nz/BC76695

The sale of this well-established business, with promising potential growth, presents a fabulous opportunity to be your own boss and be confident of a secure future. Training will be provided to create a smooth transition.

Take advantage of the prospect of owning this iconic Manawatu business. Opportunities like this don't present themselves often.

Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

40

Kevin Carian M 027 430 4045 E kevin.carian@pb.co.nz Proud to be here Proud to be here

30%

800+ staff

$2.2bn

Average market share

A True Team working for you across Property Brokers’ country

Total value of sales in 2020

265,389km2

2 winners

79

We service the whole of provincial New Zealand from Kaitaia to Bluff

Small Residential Office and Medium Residential Office of the Year

Customer Satisfaction Score.

(Industry average is -2)

Results that speak for themselves No one knows property in the regions better than us.

To know a market, you need to live in it. You can’t service it from a distance.

Our heartland connection means we have the insights to bring the right people together, so you get the most value out of your property.

Looking to buy, sell, invest or have your property managed?

Call us on 0800 367 5263 or go to pb.co.nz

Wairarapa Masterton 5 Albert Street SaleSale For

Solid Investment Fully tenanted 1150m² (more or less) commercial building strengthened to 70% NBS. On prime 1700m² (more or less) freehold site conveniently located close to the CBD and State Highway 2.

Refurbished area occupied by Government tenant (Corrections) with 4 years of lease still to run plus two three-year rights of renewal. Currently returning $126,500pa + GST. Next market review October 2021. Remainder of building recently tenanted by established fitness centre. Three-year lease with three-year right of renewal. Returning $24,220pa + GST. Annual CPI reviews with market review prior to renewal. Outgoings close to $24,000pa + GST giving net yield of approximately $126,500pa + GST per annum.

Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

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For Sale By Negotiation View By appointment Web pb.co.nz/MC77555

Greg Ariell M 027 435 6327 E grega@pb.co.nz Proud to be here Proud to be here

Tararua Pahiatua 139 Main Street Business for Sale

Better return than money in the bank!

With a long-term tenant and low interest rates, there has never been a better time to buy.

This solid and modernised property will reap a sound return on investment.

• Original long term tenant • 2 rights of renewal of 5 years each • $39,000 pa net rental (+gst) • New modern fit-out • Top location - State Highway 2 • Excellent parking

For Sale $520,000 + GST (if any) View By appointment Web pb.co.nz/BC70489

Kevin Carian M 027 430 4045 E kevin.carian@pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

Proud to be here 43

Horowhenua Levin 94 Oxford Street Business For Sale for Sale

Boundary indicative only

Prized Investment Opportunity • 10 year lease • Rental income $168,750 p.a • CPI + market rental growth • Earthquake seismic rating 71% NBS This well-maintained property with good street appeal and ample off street parking is situated on busy SH1, in the booming Horowhenua town of Levin and, offers a long term, internationally recognized tenant with rental growth. 94 Oxford Street, Levin, hosts the iconic tenant, Swazi Apparel. In business since 1994, Swazi is manufactured on site and, can boast to be an international award-winning brand with a diverse distribution channel and huge global sales. The property that houses head office and the manufacturing plant is for sale by negotiation for the wise investor seeking a passive income.

Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

44

For Sale By Negotiation View By appointment Web pb.co.nz/BC79444

Kevin Carian M 027 430 4045 E kevin.carian@pb.co.nz Proud to be here Proud to be here

Horowhenua Levin 201 Mako Mako Road SaleSale For

Boundary indicative only Buildings not included in sale

Industrial Opportunity - Vendor says sell!

1.6Ha (more or less) of prime industrial land in the ever growing region of Horowhenua.

This site provides a great opportunity to develop, subdivide or landbank.

• 16,192m² (more or less) industrially zoned land • Multiple options - develop, subdivide or landbank • No minimum lot size • Wide entrance way • Services to the boundary Title available on completion of subdivision.

Property Brokers Ltd Licensed REAA 2008 | pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

Tender closes Wednesday 16th December, 2020 at 4.00pm, Property Brokers, 1 Bristol Street, Levin View By appointment Web pb.co.nz/LC78603

Owen Kirk M 027 742 0225 E owen@pb.co.nz Proud to be here 45

KÄ piti Coast Otaki 74 Main Street SaleSale For

Well located retail/office for sale in Main Street The time has come to sell this desirable retail/office building located in the heart of Otaki's thriving village opposite the Library and Council building. The site enjoys excellent foot traffic and has a highly visible street frontage and would be a prime location for any national or local business.

For Sale By Negotiation View By appointment Web pb.co.nz/KPC79464

A prospective buyer has the option of either purchasing the building vacant or with the current owners continuing to operate their travel business as tenants. The building is confirmed as seismically greater than 33% of NBS (IEP).

Otaki is a place that is growing rapidly and businesses are relocating. With the completion of the Peka Peka to Otaki expressway nearing completion, things are only going to get better. So make your mark here and call now to secure this outstanding opportunity.

Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

46

Mark Blood M 021 207 0607 E markb@pb.co.nz Proud to be here Proud to be here

Kāpiti Coast Otaki 78 Main Street SaleSale For

High Profile Retail/Office in Main Street The owner has indicated he is open to selling this high-profile retail/office building located in Otaki's thriving village. Positioned directly opposite the Library and Council building and sitting between the Pharmacy and Seafood Eatery, the site enjoys good foot traffic and would suit any national or local business. Currently configured as it was when operating as a butchery, the new owner can retain the existing layout or alter to suit their needs.

• 160sqm 160m2 (more (moreororless) less) • Security alarm • Onsite car parking • Highly visable street frontage

Property Brokers Ltd Licensed REAA 2008 | pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

For Sale By Negotiation View By appointment Web pb.co.nz/KPC78590

Mark Blood M 021 207 0607 E markb@pb.co.nz Proud to be here 47

KÄ piti Coast Otaki 218 Main Highway SaleSale For

Maximum Exposure Main Highway Otaki Located on the sunny side of Main Highway and directly across the road from the Otaki Markets, this property simply has to be inspected. Currently tenanted for a minimum of one year with the lease producing a net rental $45,000 pa + GST.

For Sale By Negotiation View By appointment Web pb.co.nz/KPC78591

Constructed in 1960s and a floor area of 130m² (more or less), the property has been recently fitted out to suit retail with good size storage space at the rear. The building has serviced a number of different uses over the years and still contains an original chiller.

Christian Cullen M 021 808 503 E christian@pb.co.nz David Pollock M 027 450 1342 E david.pollock@pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

48

Proud to be here Proud to be here

Kāpiti Coast Paraparaumu 44 Ihakara Street SaleSale For

44 Ihakara Street 44 Ihakara Street boasts a total of 1,126m² (more or less) which is a mix of Office, Receptions, Boardrooms, Kitchens and Lunchrooms. The site spans over 2,034m² (more or less) of land and provides twenty off street car parks.

For Sale By Negotiation View By appointment Web pb.co.nz/KPC79710

The property consists of four separate tenancies and offers the flexibility to be all one.

• 20 plus office spaces • 3 Boardrooms • 5 Kitchens • 5 Lunchrooms

Property Brokers Ltd Licensed REAA 2008 | pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

David Pollock M 027 450 1342 E david.pollock@pb.co.nz Christian Cullen M 021 808 503 E christian@pb.co.nz Proud to be here 49

Waikato Frankton Corner Norton and Seddon Road For Lease

Boundary indicative only

Boundary indicative only

High profile showroom/office space • Prime location in the heart of Hamilton, on high-profile roundabout • 445m² (more or less) • City fringe, Frankton location • On-site car parking • Easy access to main arterial routes located on the corner of the Norton

For Lease By Negotiation View By appointment Web pb.co.nz/MOC02750

Road roundabout, with over 20,000 cars passing daily, this property provides a massive opportunity for your brand to be noticed.

Alan Copeman M 021 874 222 Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

50

E alan.copeman@pb.co.nz Proud to be here Proud to be here

Waikato Frankton 21 Commerce Street For Lease

21 Commerce Street • 341m² (more or less) of building over two-levels, commercial office and storage.

• Mix of office, reception, meeting rooms, and mezzanine.

• Two roller door access points.

• Four on-site parking spaces.

For Lease By Negotiation View By appointment Web pb.co.nz/MOC02805

With a variety of neighbours including ATL Balancing & Driveline, Jaycar, APPCO, Ming Detailing and Extreme automotive your business will fit in well amongst them all.

Alan Copeman M 021 874 222 Property Brokers Ltd Licensed REAA 2008 | pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

E alan.copeman@pb.co.nz Proud to be here 51

Waikato Morrinsville 2582 State Highway 26 For Lease

Artist impression

New Development - Morrinsville Industrial Park A new development of a modern warehouse in the western industrial area of Morrinsville.

The building offers flexible space dependant on tenants requirements with units ranging from 180m² (more or less), 360m² (more or less), 540m² (more or less), and 720m² (more or less) in size for lease. The building has a stud height of 5.5m and will have a full-height roller door and 2 carparks per 180m² (more or less) of space. Offices can be built internally as per tenants' requirements and more yard area is available upon request.

For Lease By Negotiation View By appointment Web pb.co.nz/HMC02923

The expected completion of this building will be Q1 2021.

Alan Copeman M 021 874 222 Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

52

E alan.copeman@pb.co.nz Proud to be here Proud to be here

Waikato Hamilton East 505 Grey Street For Lease

Prime location in Hamilton East This two-storey building is located on Bridge and Grey St north-west corner.

• High profile location with over 30,000 vehicles a day driving by • This building has been refurbished and has 100% earthquake NBS rating • New ducted airconditioning and upgraded lighting • Set up as a call centre with fibre and data cabling • Ground Office 278m² (more or less) • 1st Floor Office 290m² (more or less) • 12 carparks on site

For Lease By Negotiation View By appointment Web pb.co.nz/MOC02729

Alan Copeman M 021 874 222 Property Brokers Ltd Licensed REAA 2008 | pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

E alan.copeman@pb.co.nz Proud to be here 53

Waikato Hamilton Central 25 Ward Street For Lease

et

tre

dS ar W

Boundary indicative only

Open plan offices and retail space A mix of office and retail available for lease.

• Opposite Centre Place • High foot traffic • Parking available

For Lease $24,000

By Negotiation pa + GST + OPEX View By appointment Web pb.co.nz/HMC02918

Call today to view this ideal location.

Alan Copeman M 021 874 222 Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

54

E alan.copeman@pb.co.nz Proud to be here Proud to be here

Waikato Burbush Lot 12, 77 Tasman Road For Lease

Brent Grey Lane Design/Build A great opportunity to capture a site in a new subdivision in the North of Hamilton.

• Design-build to suit • Corner site offering dual frontage.

• Land size 1828m² (more or less).

• Close proximity to the council's upcoming transport hub, the Base, Z energy, 4 Guys Autobarn and numerous other top dealerships.

• The owner is willing to lease as a metalled yard with security fencing in the short term.

• Vendor/Lessor will tailor to suit.

• Great access to road and expressway.

Property Brokers Ltd Licensed REAA 2008 | pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

For Lease By Negotiation View By appointment Web pb.co.nz/MOC02814

Alan Copeman M 021 874 222

E alan.copeman@pb.co.nz Proud to be here 55

Waikato Frankton C2/103 Greenwood Street For Lease

Top location on Greenwood • Attractive 300m² (more or less) open plan office/showroom space over two levels • Plenty of on site parking, both shared and dedicated • Located on State Highway 1 (Hamilton's Western bypass) with excellent access to arterial routes, over 28,000 vehicle movements daily • Set in a desirable location amongst major brands such as KFC, McDonald's, Burger King, Wendy's, Subway to name a few.

• Rental: $42,000 net + outgoings + GST

For Lease $39,000 pa + GST + OPEX View By appointment Web pb.co.nz/MOC02725

Alan Copeman M 021 874 222 Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

56

E alan.copeman@pb.co.nz Proud to be here Proud to be here

Waikato Cambridge 2 Williamson Street For Lease

Prime Location • 200m² (more or less) • 500 metres (more or less) to Cambridge town centre • Various space options available • On main arterial route • Ample off street parking

For Lease By Negotiation View By appointment Web pb.co.nz/MOC02862

Alan Copeman M 021 874 222 Property Brokers Ltd Licensed REAA 2008 | pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

E alan.copeman@pb.co.nz Proud to be here 57

Waikato Cambridge 14 Wilson Street For Lease

First floor office space • Central location • 270m² (more or less) • Office and open plan spaces • Parking

For Lease By Negotiation View By appointment Web pb.co.nz/HMC02909

Alan Copeman M 021 874 222 Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

58

E alan.copeman@pb.co.nz Proud to be here Proud to be here

Waikato Cambridge 107a Hautapu Road For Lease

Boundary indicative only

Artist impression

Artist impression

Prime yard space Hautapu • Close to expressway • From 2500m² (more or less) to 10000m² (more or less) available • Hard stand

For Lease By Negotiation View By appointment Web pb.co.nz/HMC02976

Alan Copeman M 021 874 222 Property Brokers Ltd Licensed REAA 2008 | pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

E alan.copeman@pb.co.nz Proud to be here 59

Waikato Cambridge 107a Hautapu Road For Lease

Artist impression

Artist impression

Artist impression

Modern new build in Hautapu • Prime Location in central Hautapu • Design build option • Various lease spaces available • Fully serviced site • Easy access to the expressway on-ramps

For Lease By Negotiation View By appointment Web pb.co.nz/HMC02975

Alan Copeman M 021 874 222 Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

60

E alan.copeman@pb.co.nz Proud to be here Proud to be here

Bay of Plenty Whakatane 106 Commerce Street For Lease

Central Whakatane This building is in prime position in central Whakatane, close walking distance to the CBD and nearby retail precinct. This is a high level fit-out with up to 12 on site carparks available.

Call today to enquire about this office space.

For Lease By Negotiation View By appointment Web pb.co.nz/WTC00017

Alan Copeman M 021 874 222 Property Brokers Ltd Licensed REAA 2008 | pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

E alan.copeman@pb.co.nz Proud to be here 61

Hawke’s Bay Napier South 93 Emerson Street For Lease

Prime Emerson Street location - for lease • 150m² (more or less) ground floor retail and office • First floor (140m² more or less) storage, office space and facilities • 8m frontage with great access onto Emerson Street • Adjacent to major national retailers - Cotton On, Barkers Menswear, Spark, Michael Hill and Bendon • Next to pedestrian walkway from Dickens Street car park to Emerson Street • Your business will thrive from this location so move now to secure • Lease terms and conditions are negotiable

For Lease By Negotiation View By appointment Web pb.co.nz/NC78874

Les Kennedy M 027 250 0227 E lesk@pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

62

Proud to be here Proud to be here

Hawke’s Bay Onekawa 97 Austin Street For Lease

High profile industrial for lease This property has a huge profile and is highly visible to passing traffic on Prebensen Drive Napier so your business will immediately have a presence. The workshop area is very clean, with tooling and compressor rooms.

For Lease By Negotiation View By appointment Web pb.co.nz/NC79814

• 365m² (more or less) five bay workshop available for lease • Approximately 1200m² (more or less) fully fenced secure yard with large concrete apron • Own accessway from Austin Street • Building is currently an NZTA registered site.

Susan Davis M 027 472 2266 E susan@pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

Proud to be here 63

Hawke’s Bay Onekawa 1 Wakefield Street For Lease

Boundary indicative only

Leasing - Value for money • For lease 300m² (more or less) office/retail/training centre • Prime corner location - Wakefield/Niven Streets Onekawa • Several offices large and small • Disabled toilets and kitchen facilities • Onsite carparking • Very reasonable rental • This location has great profile and value for money so move quickly to secure the lease

For Lease By Negotiation View By appointment Web pb.co.nz/NC79777

Les Kennedy M 027 250 0227 E lesk@pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

64

Proud to be here Proud to be here

Hawke’s Bay Hastings Central 305 Lyndon Road West For Lease

Nicely appointed private office space • Tenancies start from 9m² (more or less) to 100m² (more or less) • Tenancy sizes can alter to suit tenants requirements • High profile site on Lyndon Street - Suburban area • Neighbouring a great dental practice • On-site customer and staff car parking.

For Lease By Negotiation View By appointment Web pb.co.nz/NC70735

This presents a superb leasing opportunity within a CBD fringe location offering easy access for your clients and staff. Be quick to secure your tenancy as this will not last long as the lessor is offering very affordable rates.

Paul Garland M 027 329 5777 E paulg@pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

Proud to be here 65

Whanganui Whanganui Central 69 Wilson Street For Lease

Wilson Street for 2021 A high profile workshop complex on Wilson Street, Whanganui is becoming available for lease January 2021. Compact trades workshop and office plus display area, or incorporate some office area into the workshop. An upper floor lunch room, four car parks, a 78m² (more or less) building with aircon, storage areas and an excellent location for business signage. For lease $19,000 plus GST plus Opex per year.

For Lease $19,000 pa + GST + OPEX View By appointment Web pb.co.nz/WGC76919

Gil Button M 021 326 956 Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

66

E gil.button@pb.co.nz Proud to be here Proud to be here

Whanganui Whanganui Central 83 Victoria Avenue For Lease

Superior central location This extremely well appointed office/retail premises for lease in the heart of the business area of Whanganui was the local home of AMI, who are now vacating. Retail or office use, the choice is yours. 148m² (more or less) predominantly open plan office with staff room, storage and amenities. A new tenant may consider extending the open plan by some creative re-arrangement of the layout. The building has a 90% NBS rating, full width display windows, auto glass entry doors and is located alongside the new Farmers Department store complex.

For Lease By Negotiation View By appointment Web pb.co.nz/WGC77833

Gil Button M 021 326 956 Property Brokers Ltd Licensed REAA 2008 | pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

E gil.button@pb.co.nz Proud to be here 67

Manawatu Central 35 Victoria Avenue For Lease

For Lease - Smart modern office Be amongst the action in this prime spot on Victoria Avenue. Almost next door is the brand new Inland Revenue building. This area is busy with real estate companies, lawyers, accountants and other professional companies. Several cafes are within walking distance.

Upstairs on the first floor is 122.26m² (more or less) of very modern trendy office with a reception area, an open plan area suitable for multiple work stations, a large office, two meeting rooms, a walk-in storeroom and a staff room with modern kitchen. Carparks can be leased at the rear of the property.

For Lease $41,000 pa + GST + OPEX View By appointment Web pb.co.nz/BC77875

Asking rental $41,000pa + GST + outgoings.

Lynette Love M 027 244 5806 E lynette@pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

68

Proud to be here Proud to be here

Manawatu Palmerston North 37-40 The Square For Lease

For Lease High Spec on The Square Location! Location! Positioned on The Square, next to Cafe Express this site provides location, great signage opportunities and a modern working environment. The site offers 266m² (more or less), fully carpeted, two heat pumps, plus central heating. Also provided are three meeting rooms, a storage area for the admin machines and a large staffroom with an adjoining kitchen. There is rear access to the Palmerston North City Council car-park with a loading zone immediately outside the back door.

For Lease By Negotiation View By appointment Web pb.co.nz/BC77689

Negotiable rental and terms.

Lynette Love M 027 244 5806 E lynette@pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

Proud to be here 69

Manawatu Palmerston North 27 Taonui Street For Lease

Boundary indicative only

New build with 50% subsidised rent for 12 months* Warehouse or workshop, office or retail.

This impressive architecturally designed new build on the corner of Taonui and Maire Streets offer flexibility with 321m² (more or less). Ideally suited as a warehouse, workshop or similar with roller door access and a further 130m² (more or less) of sunny and inviting ground floor space for retail or office.

For Lease By Negotiation View By appointment Web pb.co.nz/BC70717

Kevin Carian M 027 430 4045 E kevin.carian@pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

70

Proud to be here Proud to be here

Manawatu Central 51 The Square For Lease

Boundary indicative only

Quality refurbished office space on The Square • Total floor area 968.30m² (more or less) • 1st floor office space available • Large open plan space with individual office space • Plenty of natural light with views over The Square • Kitchen facilities • Heat pumps • Lift access • 70% NBS • Car parking available ($30pw plus GST per carpark) Could be split into two tenancies with shared facilities.

Property Brokers Ltd Licensed REAA 2008 | pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

For Lease By Negotiation View By appointment Web pb.co.nz/BC78535

Dave Looney M 027 446 2889 E davel@pb.co.nz Kate Looney M 021 517 340 E katel@pb.co.nz Proud to be here 71

Manawatu Palmerston North 38 Fitzherbert Avenue For Lease

Superb office space located off Fitzherbert Avenue • Modern fitout with plenty of natural light • Total floor area 1,106.50m² (more or less) • Ground floor 775.30m² (more or less) • Front mezzanine floor 84.44m² (more or less) • Rear mezzanine 246.76m² (more or less) • 24 Carparks with this tenancy ($30pw plus GST per carpark) • Large open office space with individual offices • 75% NBS rating This property could be split into several tenancies.

Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

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For Lease By Negotiation View By appointment Web pb.co.nz/BC78532

Dave Looney M 027 446 2889 E davel@pb.co.nz Kate Looney M 021 517 340 E katel@pb.co.nz Proud to be here Proud to be here

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Property Brokers Ltd Licensed REAA 2008

Wairarapa Masterton 6 Edwin Feist Place For Lease

Boundary indicative only

Superior Warehouse-Workshop Floor area of 678m² (more or less) that comprises 560m² (more or less) warehouseworkshop and 118m² (more or less) reception and office facilties with land comprising 1002m² (more or less).

For Lease By Negotiation View By appointment Web pb.co.nz/MC51338

Soon to be completed quality industrial build - clear span steel portal construction with (predominantly) concrete block and steel walls complemented by a smart office-reception wing clad in linear.

•Opportunity still exists to influence fit-out to meet your needs.

•Convenient corner location allows access to warehouse-workshop via both street frontages, also being close to Mastertons bypass and State Highway 2.

Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

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Greg Ariell M 027 435 6327 E grega@pb.co.nz Proud to be here Proud to be here

Wairarapa Carrington 436 Belvedere Road For Lease

Workshop-Warehouse for Lease Substantial workshop-warehouse recently strengthened to 90% NBS. All concrete construction and high ceiling over much of the floor area provides well for a variety of uses, particularly those involving warehousing and light manufacturing. Includes spaces suited to storage of hazardous goods. Four offices overlooking shop floor with a fifth office, staffroom and toilets to the side. Goods/vehicle access via roller door from security fenced and sealed yard. Entry-exit gates at either end of yard allow easy access for large vehicles.

Carparks in front of offices. Three phase power. Zoned industrial with a total floor area of 927m² (more or less). Lease $50 per sqm + GST + OPEX.

For Lease $46,350 pa + GST + OPEX View By appointment Web pb.co.nz/MC75238

Greg Ariell M 027 435 6327 E grega@pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

Proud to be here 75

KÄ piti Coast Paraparaumu 169A Rimu Road For Lease

Prime Location in Paraparaumu 169a Rimu Road offers 2 levels of premium office spaces located adjacent to Coastlands shopping Mall.

Each level is open plan, modern and 225m² (more or less). Built in 2012 this building enjoys a high NBS earthquake rating and contains a lift for convenience. The two levels are quite separate and the vendors are open to multiple tenancies.

Available January 2021.

Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

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For Lease By Negotiation View By appointment Web pb.co.nz/KPC79683

David Pollock M 027 450 1342 E david.pollock@pb.co.nz Christian Cullen M 021 808 503 E christian@pb.co.nz Proud to be here Proud to be here

KÄ piti Coast Paraparaumu 169 Rimu Road For Lease

For Lease - High profile office with car parking This is well positioned within Paraparaumu's growing commercial precinct and provides a visible and modern environment for any national or local business to thrive in.

The floor area of 175m² (more or less) comprises a large open plan work area, separate office/meeting room, good sized storage area and a well equipped kitchen and staff area. 8 allocated car spaces provide ample parking. Only a short walk to Coastlands Shopping Mall.

The building has a Category A+ seismic rating.

For Lease By Negotiation View By appointment Web pb.co.nz/KPC77981

Mark Blood M 021 207 0607 E markb@pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

Proud to be here 77

Recent Sales SOLD

Palmerston North 200 Broadway Avenue Sale Price $10,769,000 Sale Date 30 March 2020 Yield 6%

SOLD

Gisborne 5/42 Grey Street Sale Price $4,500,000 Sale Date 17 December 2019 Yield 6.2%

SOLD

Tamahere 105 Hautapu Road Sale Price $4,050,000 Sale Date 30 September 2020 Yield Sold as vacant

SOLD

Hastings 1337 Omahu Road Sale Price $3,720,000 Sale Date 11 December 2020 Yield Sold as vacant land

SOLD

Palmerston North 343-361 Broadway Ave Sale Price $2,470,000 Sale Date 27 August 2020

SOLD

Levin 521-525 Queen Street Sale Price $1,950,000 Sale Date 10 November 2020 Yield Sold as vacant

SOLD

Whanganui 1 Imlay Place Sale Price $2,950,000 Sale Date 23 September 2020

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We are committed to getting our clients the absolute best results and that’s never going to change.

When results matter, you’ll want to talk to us 0800 367 5263

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The Innovation Award Medium Residential Office of the Year - Volume Small Residential Office of the Year - Volume

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The Community Service Award Large Agency of the Year - All disciplines Large Residential Office of the Year - Volume Medium Residential Office of the Year Small Residential Office of the Year - Volume Residential Rising Star Property Brokers Ltd Licensed REAA 2008

Property Brokers Ltd Licensed REAA 2008

Here’s our promise Our people have the experience and expertise to support your needs and deliver you the best results.

Our True Team promise is our undertaking that when you work with us, while you’ll still have a lead agent, you’re guaranteed to have a true team of equally committed agents, marketing experts and support staff working for you, right across the country. They will put your interests first, to get you and your property the best result. For over three decades, we’ve been contributing to the prosperity and wellbeing of provincial communities that we call home.

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