Property Brokers Commercial Outlook Summer 2023

Commercial

Outlook Summer 2023

Property Brokers Licensed REAA 2008

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Commercial Outlook Contents

12 For Sale

05 Commercial Overview

14 Waikato

06 Regional Insights

18 Bay Of Plenty 28 Taranaki 32 Hawke’s Bay 35 Manawatū-Whanganui 46 Canterbury 47 Otago 48 Recently Sold

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Commercial Overview Lance Judson Commercial General Manager

With the general election done and dusted and a National-led government now holding the reins of power, the business sector is waiting to find out what promises that were made during the election will be honoured and what “non-negotiables” pre-election were now “negotiable” to ensure a workable and stable coalition government. While National, Act and New Zealand First are fundamentally on the same page regarding property investment and development, there are some policies that they don’t agree on that will need negotiation and agreement.

National and Act campaigned against the previous government’s “war” on landlords stance (especially against residential landlords), and have vowed to rescind many of the property laws Labour introduced over their past two terms of parliament. These include the removing of the ability to deduct mortgage interest on rental properties from taxes, the extension of the Bright-Line test which taxes profits from the sale of an investment property for 10 years and removing the ban on the ability to issue 90-day “noclause” termination notices. While National would return the Bright-Line test to two years, ACT said it would remove it entirely. Both parties would reinstate “no cause” terminations.

While National is sympathetic to tax depreciation on residential properties, their recent announcement to remove the tax depreciation for commercial buildings hasn’t impressed the Commercial sector. It has been met with disappointment and concern by Property Council New Zealand and commercial building owners alike. While the policy aligns with Labour’s, many owners believe removing depreciation will have a flow-on effect for ageing buildings and could see a reduction in new development projects in the pipeline.

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

Property Council Chief Executive Leonie Freeman says “removing depreciation is a raid on long-term maintenance funds for buildings, and increases the risk of rundown or even derelict buildings across the country.

If depreciation is removed, property owners tell us they will have to reprioritise expenditure, which when added to rising costs such as insurance, mortgage and property rate rises, will likely cause rent rises for businesses. National and Labour’s proposed policies come with a price tag of half a billion dollars for the property sector, and both parties fail to see the consequential impacts” she said.

The policy is set to generate $525 million a year in revenue for the government coffers.

Both residential and commercial property owners could depreciate their buildings until the John Key-led government removed it in 2010. In 2020, Labour reinstated it for commercial buildings only as a Covid economic stimulus measure.

Other tax changes National are proposing to introduce include a review of tax thresholds, with the top 39 percent tax rate for people earning more than $180,000 per year to remain in place; a number of additional measures to provide tax relief for families (such as a child tax credit of up to $150 a fortnight for families earning up to $140,000 per year), and a new foreign buyers tax of 15 percent on properties over $2 million.

High interest rates are also cooling the investment market, with ASB Chief Economist Nick Tuffley predicting interest rates will remain at current levels until at least mid-2024.

On a positive note, the streamlining of the Resource Management Act should see the resource consenting process simplified and the consenting process speed up. This will be music to the ears of developers who, for decades, have had to work with an outdated, clunky system that was anything but development-friendly.

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Regional Insights Bay of Plenty Our Property Brokers Tauriko office, driven by a focused team of four and nestled within one of the largest industrial parks in Australasia, has continued to operate at a consistently high level during 2023.

Lease transactions (new leases, assignments, and subleasing) have been steady with tenant inquiries increasing post-election. Corporate and international business inquiries are strong as corporates consider moving or relocating to the fast-growing Tauriko Business Estate.

We are also seeing a lift in sales, with interest from investors and owner-occupiers alike looking to purchase both existing buildings and developable land. However, high-interest rates still affect the viability of many would-be purchasers/developers.

Overall, the outlook remains positive at Tauriko. With the accessibility to the developing major roading network and to the Port of Tauranga (just 9.9kms from the Estate) and with support from its substantial infrastructure and services, Tauriko is acknowledged as a key hub for both local and global businesses. The Port of Tauranga is an international freight gateway for the country’s imports and exports and with a significant group of Tauriko businesses requiring connection, the Estate is a strategic choice in getting their products from warehouse to port.

With a current shortage of land ‘with title’, demand for a position in the Estate remains strong. This demand will hopefully provide confidence for developers to green-light their moth-balled developments, providing an opportunity for businesses to plan for the future with design-build leasing or off-plan purchasing.

Unfortunately, the development of Stage 4 is constrained until the State Highway 29 connection at Redwood Lane is in place. With works expected to commence in late January 2024, the new roundabout at SH29/ Redwood Lane will connect Tauriko Business Estate to the southern part of the new community planned in Tauriko.

We watch with interest as momentum builds and the market shifts again. Tauriko is well placed to ride out some market uncertainty, and we anticipate engaging more with clients as they experience renewed interest in investment and business opportunities in Tauranga and the Bay of Plenty.

Philip Hunt Commercial Sales Consultant

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Waikato

Hawke’s Bay

Whanganui

Over the past six months, the commercial property market in the Waikato region has continued to perform well. The market has seen increased activity, with a surge in demand for retail outlets and industrial properties in particular.

In the aftermath of Cyclone Gabrielle, the Hawkes Bay community has come together to revitalise and support those most affected by the flooding.

Whanganui has seen steady growth in both commercial and industrial areas with construction continuing in all sectors.

The region’s strategic location, serving as a crucial hub between Auckland and the Bay of Plenty continues to attract both local and national businesses looking to establish or expand their presence in the region.

Furthermore, the ongoing growth of Waikato’s agriculture and manufacturing sectors has driven the need for additional industrial and logistics spaces, further stimulating the commercial property market.

Looking ahead, the outlook for the Waikato market remains positive. The Waikato region is experiencing infrastructure development and transportation improvements, further enhancing its appeal for businesses looking for strategic locations. While challenges like rising construction costs and an uncertain outlook for interest rates persist, the overall sentiment remains positive, with the Waikato’s commercial property market expected to see continued expansion in the future.

Horticulture, agriculture, tourism and businesses in the Hawke’s Bay region are doing all they can to recover and return to the “new normal”.

Most of our work over recent months has been leasing within our main retail strip, Emerson St. Despite all the setbacks, nine leases have been secured this year, with six confirmed in the last two months. These are all in Lower Emerson St, where rents are approximately half that of Upper Emerson St, where a large proportion of shops are leased to National Retailers. In addition, we have negotiated several industrial and office leases on very attractive terms.

The occupancy rate in Emerson St is above 90%, and retailers are gearing up for the start of the 90-plus scheduled cruise ship visits starting in November and running through to April 2024.

Warehouse and workshop space is being released for tenancy as some businesses re-locate to new premises.

Upward movements in rental prices have followed the reality of increased building costs and competition for larger storage space. Some trades are finding work slowing, with fewer forward bookings for projects than they have experienced for years.

Office and retail are fluctuating, and the tighter financial environment is affecting some areas of business.

Notably, some businesses are adapting to the new financial environment by adopting changes in business practices, leading to clear direction in their chosen field.

The motto - evaluate, innovate, prosper.

Christmas follows, and then our famous Art Deco weekend, which has been on hiatus over the past few years, takes place again in early February. Hawkes Bay is a popular tourist destination over summer with its wineries, beaches and other tourist attractions.

All in all, it’s been another challenging year for the Bay; however, 2024 is looking promising, with new sales listings in the pipeline and some off-market negotiations taking place to keep the wheels turning and stock ticking over.

Alan Copeman Waikato Commercial Manager

Tony Wakelin Commercial Sales Consultant

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

Les Kennedy Commercial Sales Consultant

Gil Button Commercial Sales Consultant

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Manawatū

Horowhenua

Despite all the roadblocks New Zealand has experienced over the past few years, Manawatū is experiencing unprecedented levels of growth fuelled by significant public and private investment with more than $8 billion of transport and infrastructure investment planned and under way in the next seven years.

The Horowhenua region is experiencing unprecedented growth on the back of the green light being given to the Ōtaki to North of Levin roading project.

Boasting a strong and resilient economy, Manawatū’s largest sectors are distribution and logistics, education, defence, agrifood, agritech, health and manufacturing.

The region is fast becoming a town of new arrivals from all parts of the country, and this will only increase with the start of the Taraika housing development, a 400ha, 2500 housing development to the East of the main town, Levin. While Levin, in the past, has been known for its ageing population, it has seen an influx of young families settling in the area.

Horowhenua’s population is predicted to grow by 71% over the next two decades.

Home to major distribution centres including Toyota NZ, Foodstuffs and Primary Connect (Countdown) and with access to domestic and international markets through one of only three national airports that can move freight 24/7, Manawatū is poised to become home to the third key national transport and logistics network with the creation of Te Utanganui.

Te Utanganui is a unique multi modal distribution hub consisting of rail, road, air, and sea connections spanning across Palmerston North and into the wider district. It encompasses several infrastructure projects which, when combined, will create the primary distribution and transport hub for central New Zealand, supporting the transport and logistics centres of South Auckland, Waikato and Canterbury.

Te Utanganui is taking development in Manawatū to the next level, building on initiatives already planned for the area, such as KiwiRail’s $1.1 billion Regional Freight Hub and major roading projects including the $650 million Te Ahu a Turanga: Manawatū-Tararua highway and the $1.5 billion Ōtaki to north of Levin expressway.

Other projects directly planned or aligned with Te Utanganui include: •

North East Industrial Zone (NEIZ)

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Ruapehu Aeropark

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Kawakawa Industrial Precinct, Feilding

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Palmerston North Airport

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Palmerston North Integrated Transport Initiative – Regional Freight Ring Road

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Manawatū Inland Port

Marty Love Commercial Operations Manager

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The Industrial precinct in Levin has received a significant boost with young skilled workers being available and some large national businesses deciding to make Levin their home. These businesses include Mainfreight, Thermosash, Lattey Construction, United Steel, Komatsu and LT McGuinness.

The inquiry from businesses outside the area has never been stronger, with demand easily outstripping supply. Horowhenua’s growth, both population and business wise is set to continue well into the future.

Owen Kirk Commercial Sales Consultant

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Kāpiti

Wairarapa

Canterbury

With the election now out of the way, the region is seeing a modest increase in commercial and industrial listings for sale and for lease compared to 6-12 months ago.

As for much of Summer and Autumn, the commercial market in the Wairarapa over Winter remained relatively subdued.

Potential vendors sat on their hands and chose to adopt a wait-and-see mentality rather than test the market.

The market in October has been busy with over 50 commercial and industrial properties listed for sale for the month and close to 170 properties being listed for lease across the commercial sector.

Political uncertainty around the election results had played a material role in keeping investors and business owners from making investment decisions.

Although economic headwinds still prevail, there is a general consensus that interest rates have peaked and inflation is subsiding, providing more certainty to those transacting in the market. We see that the earlier mismatch in buyer and vendor expectations has also narrowed.

Lease vacancy rates across Kāpiti and Horowhenua have reduced, particularly with those associated with good-sized, modern warehousing/workshop space. However, some smaller retail and service providers struggle with the prevailing economic conditions and want to re-negotiate or break their existing leases.

The market continues to favour investors with sound financial positions given the high commercial borrowing costs. Asset prices appear to have stabilized and opportunities to adjust and improve portfolios are there for these same investors to take advantage of.

Kāpiti and Horowhenua continue to see businesses looking to relocate from the Wellington/Hutt region to take advantage of cheaper rents and better roading – thanks to the construction of Transmission Gully and the new Expressway. The definite commitment by National to complete the stalled 4-lane expressway from Ōtaki to the north of Levin will only increase the attractiveness of Horowhenua and Kāpiti and, in particular, its industrial precincts for businesses to relocate to.

Mark Blood Commercial Sales Consultant

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

Buyers were similarly inactive, which generally resulted in a slight softening of the market, but particularly for sales of industrial land, which had been in hot demand only 18 months to two years ago. Industrial development also slowed significantly.

On a more positive note, the market did exhibit a measure of resilience. Though few in number there were several solid sales of industrial land as well as industrial and commercial buildings. The new Harvey Norman centre in Masterton was completed and opened along with the new Carters Building centre - signs of confidence in a return to improved trading in the ‘retail’ sector which, apart from a relatively short rebound after the initial Covid lockdown, remained pretty depressed.

With interest rates having lifted, there has also been a lift in yield expectations from buyers; however, despite this, there is still strong demand from buyers for commercial and industrial properties with good tenants in place.

It is expected that with a new government in place, buyer confidence will return, and the market will start picking up pace over the next few months, providing stock for regular sales of smaller and larger parcels.

Although there has been little growth in commercial rents, with many landlords content to hold increases in favour of retaining good tenants, there was and continues to be good demand for smaller warehouse space (under 500m2). More recently, we have also evidenced a slight upsurge in demand for good office space.

Greg Ariell Commercial Sales Consultant

Hamish Niles South Island Commercial Manager

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Commercial

For Sale & Lease

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Waikato Morrinsville 135 -145 Thames Street Sale

Morrinsville - large development opportunity • 8,638m2 site • 7 titles • Substantial holding income This sprawling property, divided into 7 titles, offers an exceptional opportunity for redevelopment. With an impressive annual income of approximately $230,000, this property is not only a blank canvas for future redevelopment but also a source of substantial holding income from day one. With a strategic location in the heart of Morrinsville boasting 80m of main street road frontage, the successful purchaser of this property will be tapping into a growing community currently experiencing a surge in growth and development. Call today to explore the potential that this substantial development opportunity presents. Joint sole agency with David Goodhue from Barfoot & Thompson.

For Sale By Negotiation Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

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For Sale By Negotiation View By appointment Web pb.co.nz/CBC171239

Alan Copeman M 021 874 222 Tony Wakelin M 021 569 299

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

Waikato Cambridge 7 Parakiwai Road Sale

Hannon industrial estate • 2000m2 flat site • Identical neighbouring site also available • Zoned industrial • Mains power/water/sewerage on site

Tender closes 4.00pm, Thu 30th Nov, 2023 (unless sold prior), Property Brokers - 94 Duke Street, Cambridge View By appointment Web pb.co.nz/CBC173186

With significant frontage on the Waikato Expressway at Cambridge, the Hannon Industrial Estate at Hautapu is set to become the premium hub for business in the heart of Waikato.

Ideally positioned at the gateway to the estate, this 2,000m2 flat site is ready for development now.

Purchase this property along with the neighbouring property at 15 Parakiwai Rd to create a large 4,000m2 development site.

Call today for more information.

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

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

Alan Copeman M 021 874 222 Tony Wakelin M 021 569 299

E alan.copeman@pb.co.nz E tony.wakelin@pb.co.nz Proud to be here 15

Waikato Cambridge 280B Peake Road Sale

Peake Road - Stunning new build investment • 784m2 warehouse • 230m2 offices over 2 levels • 1000m2 (approx) sealed yard • Close to Waikato Expressway Hautapu on/off ramps • Minutes from Cambridge

For Sale By Negotiation View By appointment Web pb.co.nz/CBC168757

New 3 year lease $165,000 This new build industrial site in the Peake Road development is minutes from Cambridge and adjacent to the Waikato Expressway. With a new 3-year lease in place and high-profile neighbours NZ Post, Straw Warehouse, Fieldline Horse Floats and Glasslines NZ Ltd, this is an opportunity not to be missed in the fast-growing Hautapu industrial zone.

Call today for more information.

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

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Alan Copeman M 021 874 222 Tony Wakelin M 021 569 299

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

Waikato Lichfield 2819 State Highway 1 Lichfield 2819 State Highway 1

South Waikato Industrial • 3000m2Waikato (approx) compacted metal yard, 280m2 offices workshop South Industrial

• High profile location with direct access to State Highway 1 • 3000m2 (approx) compacted metal yard, 280m2 offices workshop • Onsite double truck wash.

• High profile location with direct access to State Highway 1 Formerly the location of Farmers Transport, this large 3531m2 property is situated in a high-profile • Onsite double truck wash. location right on State Highway 1 just 10 minutes North of Tokoroa, providing excellent transport Formerly the location of Farmers Transport, this large 3531m2 property is situated in a high-profile links to the North and South. The large, compacted metal yard includes a double truck wash and location right on State Highway 1 just 10 minutes North of Tokoroa, providing excellent transport offers significant scope for vehicle parking, storage and/or future development. Zoned Rural, with links to the North and South. The large, compacted metal yard includes a double truck wash and existing consent for Industrial/Light Manufacturing - this property provides a rare opportunity for offers significant scope for vehicle parking, storage and/or future development. Zoned Rural, with anyone looking to expand or relocate their business. existing consent for Industrial/Light Manufacturing - this property provides a rare opportunity for anyone looking to expand or relocate their business.

Matamata Unit 2, 55 - 57 Firth Street Matamata Unit 2, 55 - 57 Firth Street

Brand new commercial/retail space Unit 2, 55new - 57 Firth Street, Matamata. $30,000 + gst Brand commercial/retail space

• 137m2 Unit 2, 55 - 57 Firth Street, Matamata. $30,000 + gst • Completion Q3 2024 • 137m2 • Completion Q3 2024 These brand-new premises, conveniently located on SH27 are leasing now and will be available Q3 2024. Internal fit out can be tailored to suit tenant's requirements.

These brand-new premises, conveniently located on SH27 are leasing now and will be available Q3 2024. Internal fit out can be tailored to suit tenant's requirements.

Two national brands are already signed up as neighbouring tenants in this development. Call today to secure the last remaining space in this high-profile location.

Two national brands are already signed up as neighbouring tenants in this development. Call today to secure the last remaining space in this high-profile location.

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

Sale Sale

For Sale By Negotiation View By appointment For Sale By Negotiation Web pb.co.nz/CBC173235 View By appointment Web pb.co.nz/CBC173235

Alan Copeman M 021 874 222 Alan Copeman Tony Wakelin M 021 874 222 M 021 569 299 Tony Wakelin M 021 569 299

E alan.copeman@pb.co.nz E alan.copeman@pb.co.nz E tony.wakelin@pb.co.nz E tony.wakelin@pb.co.nz

Lease Lease

For Lease $30,000 View By appointment For Lease $30,000 Web pb.co.nz/CBC171907 View By appointment Web pb.co.nz/CBC171907

Alan Copeman M 021 874 222 Alan Copeman Tony Wakelin M 021 874 222 M 021 569 299 Tony Wakelin M 021 569 299

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

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Bay of Plenty Tauriko Business Estate, Tauranga 50 Kaweroa Drive Sale

High profile development site in Tauriko This is a great opportunity to purchase one of the most popular industrial zoned development sites in Tauriko. Surrounded by Gib Factory, Lineage logistics, Intertruck Distributors Ltd and other high-profile industrial business.

This 5,283m2 (more or less) site has wide frontage and this location of Kaweroa Drive is also highly accessible to the SH29 connection which is due to be completed by 2025.

Auction 3.00pm, Thu 30th Nov, 2023, (unless sold prior), Property Brokers, 7 Gravatt Road, Papamoa Plaza, Papamoa View By appointment Web pb.co.nz/TGC173343

Suitable for owner occupied and investors, LIM report and development plans available on request.

Contact the sole agent today - do not miss this great opportunity!

Ivy Shen M 021 038 2128 E ivy.shen@pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

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Bay of Plenty Parkvale, Tauranga 4 Brook Street Sale

Industrial multi-tenanted investment Welcome to 4 Brook Street, a multi-tenanted property, with full lease occupancy, in the established commercial zone of Parkvale, Tauranga.

• Stretching over two rows, over a 7,038m2 approx. land parcel, with wide access off Brook Street and ample parking, 4 Brook Street provides attractive positioning for industrial and commercial tenants.

• With established leases in place for all 11 tenancies, plus 10 smaller storage sheds tenanted on short-term lease agreements, this well-maintained property provides steady income and regular rental growth.

• The offering will appeal to investors looking at competitive rental yield on a stable, established investment opportunity with future upside.

• Disclosure documentation including full lease documentation are available on request.

Contact the sole agents for more information.

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/TGC162837

Philip Hunt AREINZ M 021 378 348 E philip.hunt@pb.co.nz Brad Walker M 021 474 838 E brad.walker@pb.co.nz Proud to be here 19

Bay of Plenty Tauriko Business Estate, Tauranga Unit 3, 51 Kiriwehi Street (Lot 555) Sale

Artist impression only

Large industrial premises - Tauriko Ideally positioned within the hub of Stage 3A of the Tauriko Business Estate is the predesigned '51 Kiriwehi Street' development.

• Set to offer exceptional industrial premises for your business delivered by an experienced developer - register your interest now as the developer is holding two units but releasing one for sale.

• Unit 3: industrial space: 302.07m2; lower floor office: 23.19m2; amenities and stairs: 19.11m2; upper floor office: 37.45m2 (total 381.75m2 approx.)

• Thoughtfully planned, the unit offers warehousing and ground floor office and amenities plus upstairs mezzanine office/staffroom • Ample parking including HGV parks and dual access points to the site • Quality specifications to include security alarm, heat pumps to offices/staffrooms and double glazing In this development, units 1,2 & 3 are also available for lease.

Contact the sole agents for more information.

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

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For Sale $1,950,000 + GST (if any) View By appointment Web pb.co.nz/TGC119588

Philip Hunt AREINZ M 021 378 348 E philip.hunt@pb.co.nz Brad Walker M 021 474 838 E brad.walker@pb.co.nz Proud to be here Proud to be here

Bay of Plenty Tauriko Business Estate, Tauranga Unit 3, 164 Matakokiri Drive Sale

Industrial Unit - Tauriko • Perfect for owner occupiers!

• New 96m2 ground + 20m2 mezzanine (approx.) industrial unit • Located on a high traffic road • Tilt slab and steel construction • Stud height allows stacking to 5 metres (approx.)

• Compact office and amenities • Three carparks Suitable for owner-occupiers (or investors)] this development is well-located on popular Matakokiri Drive. Connecting to Kaweroa Drive, set to be a main highway link, this location provides accessibility to the Port of Tauranga and the developing arterial roading network.

Contact the sole agents for more information.

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

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

For Sale $699,000 + GST (if any) View By appointment Web pb.co.nz/TGC171037

Philip Hunt AREINZ M 021 378 348 E philip.hunt@pb.co.nz Brad Walker M 021 474 838 E brad.walker@pb.co.nz Proud to be here 21

Bay of Plenty Tauriko Business Estate Unit 6 (PU4), 20 Kaweroa Drive Sale

Industrial Unit - Tauriko A unique opportunity to own-your-own new industrial unit in Kaweroa Court, just 12kms from Tauranga's CBD. • 101.6m2 (total approx gross area) • Warehouse 86.2m2 and Office (Staff)/Amenities 9m2 (of which office is 6.7m2), plus storage mezzanine above office/staff • High stud - allowing stacking to 5 metres (approx.)

• Ample parking onsite - 3 carparks and EV charging • Drive-around site access Suitable for owner-occupiers (or investors) Kaweroa Drive is located via popular Matakokiri Drive and is set to be a main highway link, unlocking access from lower Kaimai to the Tauriko Business Estate and the key arterial routes to Pyes Pa, Rotorua and The Lakes residential subdivision. This location provides accessibility to the Port of Tauranga and the developing arterial roading network. Contact the sole agents for more information.

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

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For Sale $649,000 + GST (if any) View By appointment Web pb.co.nz/TGC170747

Philip Hunt AREINZ M 021 378 348 E philip.hunt@pb.co.nz Brad Walker M 021 474 838 E brad.walker@pb.co.nz Proud to be here Proud to be here

Bay of Plenty Tauriko Business Estate, Tauranga 85 Kaweroa Drive (Lot 457) Sale

Industrial units - Tauriko Developer has instructed to sell! Only three units left, with prices reduced! The new "85 Kaweroa" 10-unit industrial development is well positioned on Kaweroa Drive (off popular Matakokiri Drive).

• Size (approx.): 159m2 (gross floor area) including offices and amenities • Large supply of onsite carparks including two public parks • Extra maneuverability and easy access • Extra wide roller door access • Specs incorporated for future proofing • Suitable for investors and owner-occupiers • Construction complete, titles issued and available now • An opportunity to move into an industrial investment with profile and access • Available: Unit 3 (PU3),Unit 4 (PU4) PU9 (Unit 7) Now $995,000ea+GST • Sale and lease inquiries welcome. Contact the sole agents for more information.

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/TGC23932

Philip Hunt AREINZ M 021 378 348 E philip.hunt@pb.co.nz Brad Walker M 021 474 838 E brad.walker@pb.co.nz Proud to be here 23

Bay of Plenty Tauriko Business Estate Units 1-7, Lot 578 Patene Place Sale

Artist impression only

Artist impression only

The Sheds - Tauriko (Lot 578 Patene Place) The Sheds - Tauriko are designed for small business operators and hobbyists alike. The Sheds will satisfy the demand for storage units for the likes of motor homes, boats, classic cars, motor bikes or anything you don't have room for at home! There are 7 Units available.

• Unit 1: being 101m2 (total gross approx.) has great profile and with its own office/reception area, would suit a small business. Units 2 to 6 are 81m2 and Unit 7,79m2 (total gross approx.) are suited to many uses including small business operations that are not "always on site".

• High stud electric roller door 3600 (w) x 4000 (h) approx.

• 3 phase power to each unit • Good parking onsite and all units are north-facing • Anticipated completion in the second half of 2024 subject to Consent and CCC issue • Concept plans and specifications available • Pricing depending on the size/position Contact the sole agents for more information.

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

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For Sale By Negotiation View By appointment Web pb.co.nz/TGC169868

Philip Hunt AREINZ M 021 378 348 E philip.hunt@pb.co.nz Brad Walker M 021 474 838 E brad.walker@pb.co.nz Proud to be here Proud to be here

Bay of Plenty Tauriko Business Estate Lot 560 Kiriwehi Street Sale

Artist impression only

Artist impression only

Artist impression only

Three large industrial units - Tauriko Positioned on the corner of Kiriwehi Street, within the hub of Stage 3A Tauriko Business Estate is the planned "Lot 560" industrial development.

• Sizing from 241m2 to 386m2 comprising: warehouse 160m2 to 305m2 and office/amenities 79-81m2 (incl first floor office/amenities of 39m2) (all measurements approx.)

• Quality specifications to include security alarm system, heat pumps to offices/staffrooms, EV charging capability and double glazing and insulation to new building code standards • Title for the underlying land, Lot 560, now issued! Anticipated completion mid to late 2024 subject to consent/CCC • Three units available within this four-unit development (for sale and for lease) • For Sale $1,499,000 to $2,295,000 + GST (if any) Contact the sole agents for more information.

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

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

For Sale From $1,499,000 + GST (if any) View By appointment Web pb.co.nz/TGC172297

Philip Hunt AREINZ M 021 378 348 E philip.hunt@pb.co.nz Brad Walker M 021 474 838 E brad.walker@pb.co.nz Proud to be here 25

Bay of Plenty Tauriko Business Estate, Tauranga Unit 4, 210 Matakokiri Drive Sale

Artist impression only

New Industrial unit Matakokiri Drive Matakokiri profile unit (Unit 4). Owner wants action! Paid in the $700,00s, now available at $659,000 plus GST (if any). Was going to occupy but circumstances have changed. Your gain? Likely the best current opportunity in Tauriko for an owner occupier/investor • Area: 101.4m2 (approx. gross area) comprising (net) 85.8m2 approx. warehouse plus office/amenities • Excellent street profile on popular Matakokiri • Carparking: three • To the north is a council accessway; to the west there are views over the walkway and storm water lake.

For Sale $659,000 + GST (if any) View By appointment Web pb.co.nz/TGC163005

Suitable for owner-occupiers (or investors) this development is well-located on popular Matakokiri Drive. Connecting to Kaweroa Drive, set to be a main highway link, this location provides accessibility to the Port of Tauranga and the developing arterial roading network.

Contact the sole agents for more information.

Philip Hunt AREINZ M 021 378 348 E philip.hunt@pb.co.nz Brad Walker M 021 474 838 E brad.walker@pb.co.nz

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

26

Proud to be here Proud to be here

Bay of Plenty Tauranga Unit 3, 30C Willow Street Sale

Strata views central city location Spacious offices in a great location with views • Area (approx.) 148m2 • Open plan reception, three spacious offices, staff amenities and a fourth large office/boardroom upstairs • Excellent amenities • Fully air conditioned • 2 carparks. Located close to main arterial routes and a short stroll to Tauranga CBD with The Strand hospitality sector nearby.

Contact the sole agents for more information.

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

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

For Sale $799,000 + GST (if any) View By appointment Web pb.co.nz/TGC172504

Philip Hunt AREINZ M 021 378 348 E philip.hunt@pb.co.nz Brad Walker M 021 474 838 E brad.walker@pb.co.nz Proud to be here 27

Taranaki Oakura Beach Village, New Plymouth 17 Hussey Street and Section 178 Sale

Artist Impression Only

A prime development opportunity!

Nestled within the vibrant heart of the village, this exceptional property offers an incredible chance to invest or build in a highly sought-after location.

Comprising 3,000m2 more or less of flat section, this prime development land is ideally located on a residential street, ensuring great accessibility and market potential. A likely development could be multi-level townhouses, with views. Offering a lock up and leave or permanent townhouse living. Located in the vicinity of a new commercial development, you'll find yourself in close proximity to various amenities and attractions.

For Sale By Negotiation View By appointment Web pb.co.nz/NPC115653

Seize the opportunity to create a dream development on this exclusive land within the flourishing town of Oakura. With its prime location and bustling surroundings, this property is a wise investment for those seeking to be part of a thriving community.

Don't miss out on this chance to secure this incredible opportunity!

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

28

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

Taranaki Hawera 329 Waihi Road Sale

New industrial build Built in 2022 by KiwiSpan. Single building of 418m2 with fire wall creating two modern units. Both units are tenanted with leases in place.

Main road position with easy access and good on site parking. A very smart and low maintenance building with good yield.

For Sale By Negotiation View By appointment Web pb.co.nz/NPC167013

Commercial garage doors include auto openers. New and pleasant amenities for staff and clients in both units. This is in a prime position on the northern entry/exit of Hawera.

Call today with your enquiry!

Paul Northcott M 027 575 7202 E paul.northcott@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

Taranaki New Plymouth 6/39 Connett Road Lease

Light industrial unit Industrial unit now available for lease. Two front roller doors and pedestrian door access plus an additional roller door and side door at the rear. 186m2 of warehouse at 3.6 m. Further workshop area plus internally lined office and amenities. 275 m2 overall (more or less).

For Lease $32,000 pa + GST View By appointment Web pb.co.nz/NPC116574

Roof replaced earlier this year. Car parks in front and asphalted common driveway.

Asking rent is $32,000 pa plus GST and OPEX. Paul Northcott M 027 575 7202

E paul.northcott@pb.co.nz

New Plymouth 44 Liardet Street Lease

Devon Centre office and retail complex The Devon Centre in New Plymouth is right in the CBD of the city, with 5 levels offering 6 ground floor retail shops and 18 office spaces throughout the upper levels. Office rents are inclusive of building outgoings and a variety of 'small' to 'large' office and retail spaces are available from $8,300 + GST p/a.

Currently there is Devon Street retail shop available also.

Call us now with your inquiry.

For Lease From $8,300 pa + GST View By appointment Web pb.co.nz/NPC173283

Paul Northcott M 027 575 7202 Simon Rowe M 021 737 693 Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

30

E paul.northcott@pb.co.nz E simon.rowe@pb.co.nz

Proud to be here Proud to be here

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

Commercial Property Management

Hawke’s Bay Napier 66-82 Dalton Street Sale

Masson House - Investment with upside This multi-tenanted Napier CBD investment property is for sale for the first time to market in over 30 years. Land area covering a generous 776m2 with a total floor area of 819m2 being - ground floor 505.2m2 and first floor 314.4m2. There are nine retail and office tenancies over the two floors, with tenant onsite parking at the buildings rear. The NBS rating is 67-80 % and a detailed seismic assessment report has been completed. The property is zoned Art Deco Quarter and identified as a Group 1 Heritage Item. This outstanding multi-tenanted property will appeal to purchasers seeking a low risk, long term investment. The current rentals are below market rent and this allows the opportunity for a new owner to reap the benefit of increased income in the future. Move now to secure this rare Napier CBD investment opportunity.

For Sale By Negotiation View By appointment Web pb.co.nz/NC171651

Being sold by negotiation.

Please contact the sole agent for further information.

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

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Les Kennedy M 027 250 0227 E lesk@pb.co.nz Proud to be here Proud to be here

Horowhenua Levin 14 Roe Street Lease

Standout warehouse in prime location •983 sqm floor area •5m approx stud •1,000 sqm sealed yard •Available from 1 Feb 2024 Prime frontage along Levin's main commercial strip with excellent exposure to passing traffic, this substantial warehouse/workshop is being offered for lease from 1 February 2024. The tilt-slab constructed 983 sqm building, together with the generous front, side and rear yard space, offers a great opportunity for warehousing and distribution, storage or light manufacturing. The large open plan area features a 5m high stud and benefits from 3 separate offices, kitchen/smoko room, two toilets and a shower plus two lockable 50 sqm work/storage areas. The wide street frontage is complimented by dual entry 4.6m high front sliding door access to the warehouse and plenty of room to manoeuver a forklift.

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/KPC171510

Mark Blood M 021 207 0607 E markb@pb.co.nz Proud to be here 33

More people are moving and investing in the provinces.

We need more salespeople!

Escape the rat race and experience a great lifestyle in the provinces!

A commercial real estate sales career could be the perfect fit for you. Commercial real estate in the regions is enjoying all-time high returns, and we need more people on board!

With over 90 locations from the top of the north to the deep south, you can choose where you’d like to move. With Property Brokers, you really can have it all • An unparalleled lifestyle • Unlimited earning potential • Flexibility to run your own business without overheads If you’ve got the motivation, we’ve got the culture, training and resources to help you succeed.

Visit pb.co.nz/think-commercial or email recruitment@pb.co.nz

Commercial Real Estate 34

Proud to be here

Manawatū-Whanganui Mangaweka 5733 State Highway 1 Sale

Profitable, Iconic Cafe and Campground 6.76ha This is a tourists' destination, a meal stop, a rest-over, a campground, a venue complex; somewhere safe to let your kids unwind. This is the iconic "Flat Hills" Cafe, where the word 'Cafe' seems to grossly undersell it. This very well-presented and quite unique property is set on approximately 6.76ha. Turnover and profitability are impressive and has been growing each year, with net profit this year of some $404,700 to two working owners, on a turnover of just over $1,121,200 excluding GST. Our clients are investing back into the business with a new pod and cafe furniture on the way. The location on State Highway 1 offers a huge passing traffic flow. Quite literally busloads of people stop here. Campervans, caravans, tents and holiday makers can use the 13 powered campsites. The four luxury cabins are secure and comfortable, each configured differently to suit varying requirements. A 3 bedroom home and a one bedroom cottage make for great owner/management accommodation.

For Sale Buyers $1,680,000+ View By appointment Web pb.co.nz/MTC119907

Richard White M 027 442 6171 E richardw@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 35

Manawatū-Whanganui Whanganui 136 Saint Hill Street Sale

1914s Elegance and Grandeur The birth of the Wanganui Gentlemens Club with no expense spared in 1914, the 1475sqm premises spread over two levels is still today occupied by the Wanganui Club with Office, Function Centre, and Accommodation space to rent out. The current owners have been busy restoring this piece of history for the next proud owner to take over and continue the project. Once you walk into the property you will feel the history from the grand entrance staircase to the chandeliers and top-quality fittings from yesteryear. Current operating income is approximately $200,000 per annum with the current owners only operating this part-time, top-quality owners apartments on either corner you can choose the options are endless. The property itself also has a large piece of vacant land that could be used for future development just one block from Victoria Ave. • Land 2,058m2 - approx.

• Building 1,475m2 - approx.

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

36

Auction 12.00pm, Tue 5th Dec, 2023, (unless sold prior) View By appointment Web pb.co.nz/KPC172486

Russell Duggan M 027 264 4669 E russell.duggan@pb.co.nz Richard White M 027 442 6171 E richardw@pb.co.nz Proud to be here Proud to be here

Manawatū-Whanganui Whanganui 18 Devon Road Business for Sale

Location, loyalty and lifestyle Springvale Cafe is without doubt one of Whanganui's most popular eateries with an awardwinning reputation for high quality food and exceptional service. Located in the heart of the sprawling suburb of Springvale, the cafe is strategically attached to the popular Springvale Garden Centre, and as such commands a large and loyal customer base. A generous and well-appointed dining area within the building, is complimented by an outdoor covered courtyard with a secure children's play area, embracing a family atmosphere unique to the Springvale Cafe. With seating capacity for 185 customers, there is also a demand throughout the year for private functions. The business continues to consistently provide excellent returns on investment, with the present owners establishing well constructed processes in their 10 years of management, by fine tuning and enhancing the quality and services Springvale Cafe offers. With an asking price of offers over $399,000, this is a fantastic opportunity.

For Sale Buyers $399,000+ View By appointment Web pb.co.nz/WGC167074

Bruce McGhie M 027 333 2587 E bruce.mcghie@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

Manawatū-Whanganui Whanganui 11 Allengate Road Sale

Modern industrial hub - titles now issued Westbourne Estate is Whanganui's only industrial hub and with the infrastructure and roading in place and titles issued, it is the perfect place for local and national businesses to relocate and expand.

For Sale By Negotiation View By appointment Web pb.co.nz/WGC106813

There are 14 lots on offer ranging in size from 2002sqm to 9675sqm with pricing from $225.00 to $275.00 per square metre - this represents great value! Neighbouring properties are already occupied by some big names in local industry and the appeal of this development is obvious - if it's manufacturing, storage, transportation or industry then you need to be here! The Mill Road location leads directly to the heavy truck thoroughfare to State Highway 3 and the Heads Road industrial area is also easily accessed.

Talk of future port development is underway so now is the time to get your foot in the door.

Opportunities in Whanganui like this are rare.

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

38

Bernadette Nugent M 021 045 5467 E bernadette.nugent@pb.co.nz Russell Duggan M 027 264 4669 E russell.duggan@pb.co.nz Proud to be here Proud to be here

Manawatū-Whanganui Whanganui 143 Ridgway Street Sale

Inner city investment This centrally located property is ideally located near the CBD and offers an excellent investment opportunity for a landlord to lease out, or use as an owner operator.

The tilt slab building is equally divided into two business units of 210m2 (approx) each, with separate facilities and excellent off-street parking. One of the units has just become vacant, with the other unit presently under lease.

For Sale By Negotiation View By appointment Web pb.co.nz/WGC170309

Inner city industrial sites are becoming very difficult to find, which makes this property a rare opportunity for an expanding business owner to secure as part of their investment portfolio. This will not last long on the market so call now to view.

Bruce McGhie M 027 333 2587 E bruce.mcghie@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 39

Manawatū-Whanganui Whanganui 7 Gilmour Street Sale

Right on the money!

Be the most prominent developer on the motorway with your new project, the location is where all the action is. Close to the Whanganui Hospital, Mitre 10, McDonalds, Toyota, the Racecourse, Central City diversity and industrial areas - employment opportunities surround this location.

For Sale Buyers $499,000+ View By appointment Web pb.co.nz/WGC171640

A thoughtful design of land use, allowing 5 stand-alone dwellings on 1,700 m2 (approx) of clear site ready for the next level project to swing into action.

For sale is the land, subdivision consent and QBH dwelling concept designs. Enquire now!

Vicky Todd M 027 609 8922 Gil Button M 021 326 956

E vicky@pb.co.nz E gil.button@pb.co.nz

PrinceTaupo Street Quay Whanganui 1 25/100 Lease Business for Sale

Prince Kiwiana Park Industrial Iconic Cafe

Leasehold location, as closeCafe to the city an centre as youopportunity can get, which is zoned For sale as development a going concern, the Kiwiana offers excellent to acquire a wellmanufacturing undeveloped. areainisthe 18,700m2 (more or whichSquare is undergoing established andand long-running cafeTotal situated prime location of less) Trafalgar in the heart of ground works now, Whanganui's CBD. with the layout being flexible, to suit the requirements of interested parties. The current proposal is for incorporating high stud floor plan,equipped warehouse design All chattels required fordevelopment running the business are included in large the sale; a fully commercial construction.

Interested parties should the benefits of hit having either Ground and kitchen, tables, chairs, and interior decorconsider which means you can the ground running.Lease Onsite you ownbe their own construction as Leasehold landaowner construction, leased will pleased to find the cafe has its ownInterest, coveredordeck, laundry with washerwith andbuildings drier. A bonus as withsale, a standard Lease agreement. completion of ground inclusive of Cafe, base to the at no additional cost, is anAnticipated option to take over a satellite cafeworks - the Study Stop infrastructure is June 2024. located on the UCOL campus. Full details and viewings available on request. Buyer enquiry over $150,000 + GST (if any).

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

40

For Sale LeaseBuyers

By Negotiation For $150,000+ View View By By appointment appointment Web Web pb.co.nz/WGC83621 pb.co.nz/WGC170177

Gil Button Nugent Bernadette M 021 E bernadette.nugent@pb.co.nz 021 045 326 5467 956 gil.button@pb.co.nz M E

Proud to be here Proud to be here

Manawatū-Whanganui Whanganui 1 Wilson Street Sale

Prominent, high profile corner Corner building on a busy main road, situated in the heart of the Whanganui retail-trade business area, close proximity to Retail CBD. BNT has been a long term tenant, on this site for many years, and has a long-term view in this position. BNT is part of Bapcor NZ which is 100% owned by Bapcor Ltd listed on ASX with market cap AUS $2.3b.

• Long-standing business with very stable clientele • Is the central hub for the region (Lower Hutt, Wellington, Levin, Taranaki, Palmerston North) • 1,000m2 Land (approx) 614m2 of Building (approx) • 85% NBS • Current rental $95,000 Nett with 2 yearly CPI-adjusted rent reviews

For Sale By Negotiation View By appointment Web pb.co.nz/BC172077

Garry Doyle M 027 452 2212

E garry.doyle@pb.co.nz

Whanganui 45 Ridgway St and 35B Drews Ave Sale

Development site 45 Ridgway Street and the adjoining 35B Drews Avenue title are offered as a combined development site in the high profile commercial, retail, hospitality, entertainment, art and education area of central Whanganui.

For Sale By Negotiation View By appointment Web pb.co.nz/WGC119112

Zoned Central Commercial, the total land area is 848 sqm (approx). On 2 levels with the lower level having a brick construction building which has been scoped for demolition.

Fronting onto Ridgway Street, rear access is from both Drews Avenue and Taupo Quay.

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 41

Manawatū-Whanganui Marton Kensington Road Sale

Progressive investment opportunity This progressive Residential Development project, with 41 sections included in the consent application, represents a unique opportunity for an astute investor to enter the property development market. Take advantage of the preparation already happening, with close to 80% of the pre-consent work almost completed.

For Sale By Negotiation View By appointment Web pb.co.nz/MTC168037

The next step is in the hands of the market and the new owner, or you may decide to take advantage of the partnership venture offered by my clients and leave the work to them.

They have their own equipment and do their own civil works, delays are not part of their business. This may be the investment you've been waiting for, to sink that tidy nest-egg into something with substance, an investment that you can actually be involved with.

Richard White M 027 442 6171 E richardw@pb.co.nz Property Brokers Ltd Licensed REAA 2008 | pb.co.nz

42

Proud to be here Proud to be here

Manawatū-Whanganui Palmerston North 16 Malden Street Sale

Industrial - vacant and versatile 16 Malden Street is a modern two-story industrial property used as an engineering workshop. The ground floor consists of a large reception area with three smaller offices, and the workshop is rewired for high-output 3-phase power and offers excellent natural light.

Upstairs is great space - a large sunny staff room with a balcony, two offices, a separate toilet, and a wash area. This property offers flexibility to buyers seeking to occupy or for an investor seeking a well-maintained investment.

• Workshop access is via large doors • Land area 1,083m2, Floor area 599m2 approx.

• Good onsite parking • Secured yard • Zone industrial • 67% NBS earthquake rating

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/BC171101

Kevin Carian M 027 430 4045 E kevin.carian@pb.co.nz Proud to be here 43

Manawatū-Whanganui Whanganui 49 Taupo Quay Lease

Johnston & Company offices Delivering quality and excellence, this gracious central Whanganui City Heritage building, riverside, with professional and hospitality location, has been earthquake strengthened to 70% NBS and given an exciting new life.

For Lease By Negotiation View By appointment Web pb.co.nz/WGC170849

The designer retro-fit flows throughout the building and the Heritage featured second floor office of 280m2 (more or less) is available for lease. The spacious open plan layout exhibits a stylish ambience and has an entry which will wow you. The designer's work emphasises the featured exposed brick wall panels, the original timber post and beam central structure, tasteful floor coverings, superior lighting, through to the high quality fit-out of kitchen and amenities.

This prime location office offers excellent views overlooking the Whanganui River, the Victoria Avenue bridge and street activity.

For lease, offers invited following inspection.

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

44

Gil Button M 021 326 956

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

A thoughtful design of land use, allowing 5 stand-alone dwellings on 1,700 m2 (approx) of clear site ready for the next level project to swing into action.

Manawatū-Whanganui

For sale is the land, subdivision consent and QBH dwelling concept designs. Enquire now!

Vicky Todd M 027 609 8922 Gil Button M 021 326 956

E vicky@pb.co.nz E gil.button@pb.co.nz

Whanganui 1 Prince Street Lease

Prince Park Industrial Leasehold development location, as close to the city centre as you can get, which is zoned manufacturing and undeveloped. Total area is 18,700m2 (more or less) which is undergoing ground works now, with the layout being flexible, to suit the requirements of interested parties. The current proposal is for development incorporating high stud large floor plan, warehouse design construction. Interested parties should consider the benefits of having either Ground Lease and own their own construction as Leasehold Interest, or land owner construction, with buildings leased as with a standard Lease agreement. Anticipated completion of ground works inclusive of base infrastructure is June 2024.

For Lease By Negotiation View By appointment Web pb.co.nz/WGC83621

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

E gil.button@pb.co.nz

Proud to be here

TeamWorks Our award-winning formula lies in our exceptional teamwork.

Winners 2023 REINZ Small Residential Property Management Office of the Year 2023 REINZ Community Service Award

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

45

Canterbury Ashburton JB Cullen Drive Sale

Ashburton Business Park This newly developed Ashburton Business Estate is set right in the heart of one of New Zealand's most progressive agriculture and pastoral regions.

The sites range from 0.1332ha upwards. Strategically placed for optimum accessibility to State Highway One and possibly a future railway siding.

For Sale By Negotiation View By appointment Web pb.co.nz/AC41255

There are several buildings currently under construction - be in soon to have your choice of sites.

• Situated on JB Cullen Drive • Close to State Highway One • Large frontages • Various site sizes available • Secure your site now

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

46

Hamish Niles AREINZ M 027 435 6265 E hamish@pb.co.nz Proud to be here Proud to be here

Otago Oamaru 8 Orwell Street Sale

Prime opportunity in central Oamaru Set on a 3,479sqm site with three street boundaries in a central Oamaru location.

This industrial zoned property has been purpose-built as a food processing plant. The interior comprises wet floors, chillers, a freezer and a blast chiller, large processing and storage areas and a floor area of approximately 1,300sqm. There are inwards and outwards goods loading bays, off-street parking, and storage. An extensive range of plant processing equipment could be available to purchase.

Tender closes 4.00pm, Wed 22nd Nov, 2023 View By appointment Web pb.co.nz/OMC170093

The office is a converted house and is separate from the processing plant and encompasses four offices, a kitchenette, amenities and a reception area.

Hamish Niles AREINZ M 027 435 6265 E hamish@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 47

Property Brokers sells

N CE

RE T L SA ES Property Brokers would like to take this opportunity to acknowledge all our vendors who entrusted us to market their commercial properties over the last 12 months.

Looking to buy, sell or lease your commercial property? Call the team that get results

0800 367 5263

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 well-being of provincial communities that we call home.

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

Call us on 0800 367 5263 or go to pb.co.nz 50

Proud to be here