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Glen Innes Sites Offer Rich Tenant Mix Plus Future Development Options

Tuesday, 27 April 2021, 9:04 am
Neighbouring freehold sites housing a rich mix of
commercial tenants in an Auckland growth hotspot have been
put up for sale, offering diversified income plus
significant future development potential.
The two properties on
adjoining titles on Apirana Avenue, Glen Innes, are zoned
for intensive development in the fast-growing suburb’s
town centre.
Three buildings on the sites are fully
leased to tenants ranging from a major charity shop and
leading fruit retailer to an acupuncturist, a printing and
photography shop, a café and a chocolatier. Seven tenancies
return combined net rental income of $350,782 plus outgoings
and GST per annum. ....

North Island , New Zealand General , New Zealand , Damien Bullick , Alan Haydock , Glen Inne , Glen Innes , Brilliance Enterprises , Town Centre , Auckland Council , Apirana Avenue , Bayleys Auckland , Dove Hospice , Chocolatl Limited , Brilliance Enterprises Limited , Fruit World , Eight Letters Caf , Colour City , Eastern Bay Acupuncture , Glen Innes Train Station , Auckland Unitary Plan , Real Estate , வடக்கு தீவு , புதியது ஜீலாந்து ஜநரல் , புதியது ஜீலாந்து , ஆலன் ஹைடாக் ,

Community Scoop » Glen Innes Sites Offer Rich Tenant Mix Plus Future Development Options

Press Release – Bayleys
Neighbouring freehold sites housing a rich mix of commercial tenants in an Auckland growth hotspot have been put up for sale, offering diversified income plus significant future development potential. img src ”https://img.scoop.co.nz/stories/images/2104/0edc95e280b076884101.jpeg” …
Neighbouring freehold sites housing a rich mix of commercial tenants in an Auckland growth hotspot have been put up for sale, offering diversified income plus significant future development potential.
The two properties on adjoining titles on Apirana Avenue, Glen Innes, are zoned for intensive development in the fast-growing suburb’s town centre.
Three buildings on the sites are fully leased to tenants ranging from a major charity shop and leading fruit retailer to an acupuncturist, a printing and photography shop, a café and a chocolatier. Seven tenancies return combined net rental income of $350,782 plus outgoings and GST per annum. ....

North Island , New Zealand General , New Zealand , Damien Bullick , Alan Haydock , Glen Inne , Glen Innes , Brilliance Enterprises , Town Centre , Auckland Council , Press Release , Apirana Avenue , Bayleys Auckland , Dove Hospice , Chocolatl Limited , Brilliance Enterprises Limited , Fruit World , Eight Letters Caf , Colour City , Eastern Bay Acupuncture , Glen Innes Train Station , Auckland Unitary Plan , New Zealand , வடக்கு தீவு , புதியது ஜீலாந்து ஜநரல் , புதியது ஜீலாந்து ,

auckland.scoop.co.nz » Glen Innes Sites Offer Rich Tenant Mix Plus Future Development Options

auckland.scoop.co.nz » Glen Innes Sites Offer Rich Tenant Mix Plus Future Development Options
scoop.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scoop.co.nz Daily Mail and Mail on Sunday newspapers.

North Island , New Zealand General , New Zealand , Damien Bullick , Alan Haydock , Glen Inne , Glen Innes , Brilliance Enterprises , Town Centre , Auckland Council , Press Release , Apirana Avenue , Bayleys Auckland , Dove Hospice , Chocolatl Limited , Brilliance Enterprises Limited , Fruit World , Eight Letters Caf , Colour City , Eastern Bay Acupuncture , Glen Innes Train Station , Auckland Unitary Plan , வடக்கு தீவு , புதியது ஜீலாந்து ஜநரல் , புதியது ஜீலாந்து , ஆலன் ஹைடாக் ,

Business Scoop » Glen Innes Sites Offer Rich Tenant Mix Plus Future Development Options

Business Scoop » Glen Innes Sites Offer Rich Tenant Mix Plus Future Development Options
scoop.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scoop.co.nz Daily Mail and Mail on Sunday newspapers.

North Island , New Zealand General , New Zealand , Damien Bullick , Alan Haydock , Glen Inne , Glen Innes , Brilliance Enterprises , Town Centre , Auckland Council , Press Release , Apirana Avenue , Bayleys Auckland , Dove Hospice , Chocolatl Limited , Brilliance Enterprises Limited , Fruit World , Eight Letters Caf , Colour City , Eastern Bay Acupuncture , Glen Innes Train Station , Auckland Unitary Plan , வடக்கு தீவு , புதியது ஜீலாந்து ஜநரல் , புதியது ஜீலாந்து , ஆலன் ஹைடாக் ,

auckland.scoop.co.nz » Yields Continue To Tighten For Well Located Commercial Property

Press Release – Bayleys
A continuing contraction of investment property yields and a good level of demand for well located tenanted and vacant premises were features of Bayleys’ final
Total Property auction for the year.
Bayleys’ Auckland commercial and industrial director Lloyd Budd says the sale of a variety of tenanted offerings at net rental income returns of below or around five per cent confirm that yields are continuing to track interest rates down.
“Bank deposit rates have dropped significantly in recent months to below one per cent which opened up a bigger yield gap with commercial property returns than has existed for some time. However, our latest auction results show that property yields are now also adjusting downwards again and this may well continue into the New Year,” Budd says. ....

North Island , New Zealand General , New Zealand , Browns Bay , Henry Napier , Matt Lee , Shane Snijder , Glen Innes , Chris Blair , Bayleys Rotorua , Nicolas Ching , Mark Preston , Rick Kermode , Rajan Unka , Jarrod Qin , Peter Migounoff , Bayleys Warkworth , Damien Bullick , Terry Kim , Sam Raines , Lloyd Budd , Glen Inne , James Chan , Mark Slade , Town Centre , Auckland Council ,