ISSUE ASSOCIATEDNEWS - associatedrealty.co.nz · Tony’s switch to Commercial and Industrial sales and leasing occurred when he first joined Associated Realty’s Rotorua office

47

ISS

UE

Specialists

THE TEAM 1

Industrial

LEASED BUILDINGS FOR SALE

2

VACANT BUILDINGS FOR SALE

2

YARDS FOR LEASE 2

LAND FOR SALE 3

INDUSTRIAL FOR LEASE: TAURANGA

4

INDUSTRIAL FOR LEASE: MOUNT MAUNGANUI

5

Commercial

RETAIL SPACE FOR LEASE

6

TELFER YOUNGIndustrial Market Activity

7

BDO TAURANGAThe New Zealand construction industry- how will this impact on your future commercial property investment plans?

10

OFFICE SPACE FOR LEASE

11

HOBECHealth and Safety at Work (Asbestos) Regulations 2016

13

ASSOCIATED NEWSAN ASSOCIATED REALTY LIMITED SPECIALIST PUBLICATION

For enquires call us on 07 571 0716

BUSI

NES

S AD

VISO

RY

CORP

ORA

TE

FIN

ANCE

AU

DIT

TAXA

TIO

N

TRU

STS

INSO

LVEN

CY

ACCOUNTANCY AND BUSINESS ADVICE WHEN AND WHERE IT SUITS YOU We appreciate that our clients look for a service that offers maximum benefit for their dollar, and at BDO we provide the level of support and assurance that clients expect. If you are looking for considered accounting and business advice from a team genuinely interested in the success of your business, then be sure to give us a call. At BDO we know that the days of meeting your accountant once a year and on the accountant’s premises are long gone. Clients welcome us at their premises and many like to see us actively involved on a regular basis. Doesn’t sound like your average accountant, does it?

Tauranga Office 07 571 6280 The Hub, 525 Cameron Road Tauranga

Te Puke Office 07 571 7209 Cnr Jocelyn & Queen Streets Te Puke

Fraser Lellman, Managing Director

Tim Cooney, Director

Paul Manning, Director

Jenny Lee, Director

Janine Hellyer, Director

Ken Brown, Director

www.bdo.co.nz [email protected]


Associated Realty Limited, Harbourside House, The Strand Extension, Tauranga, PO Box 13197, Tauranga, New Zealand

Telephone 07 571 0716 | Email [email protected]

Website www.associatedrealty.co.nz

1

the

spec

ialis

ts

The team

Working as a team to give you a better result!

Adrian has been involved in the commercial real estate industry for twenty five years and has been the Principal of Associated Realty for the last nineteen years.

Over that period he has gained a wealth of experience and has increased his knowledge by researching the commercial property market in Australia and the United States.

He has now limited his role to managing the company and guiding Alan and Tony with lease and sale appraisals. In his spare time, he enjoys running, cycling and kayaking.

Adrian continues to have a great passion for commercial property and keeps a careful eye on the rental rates in the industrial, office and retail sectors.

Adrian Knowles Licensed Real Estate Agent (REAA 2008)

Alan joined Associated Realty in 2000 after previous careers in secondary education, life insurance and dairying. Tauranga’s commercial and industrial market has grown a lot since then with the opening up of new zones at Papamoa and Tauriko as inner city commercial areas have become mature.

Alan has gained experience in all aspects of the market, but as a preference prefers industrial leasing and sales. Recent successes in industrial sales include the sale of both vacant and leased industrial buildings, with the most recent being the sale of a substantial property in Hull Road. He is convinced that industrial and commercial property represents the ideal investment for an investor, offering a good yield well above interest rates and a hedge against inflation. He has taken his own advice and owns industrial property himself.

In his spare time, Alan is still scuba diving after 40 years in the sport, and still catching his share of crays. He is still also heavily involved in target shooting and maintaining his master grading in Small bore and A grading in Full bore shooting. He is looking to competing in the Oceania Championship later this year in Sydney.

Alan Dickson Licensed Real Estate Salesperson (REAA 2008)

Tony’s career in the real estate industry spans over 30 years when he joined Bay of Plenty Real Estate Limited in Tauranga as a Salesperson specialising in placing home purchasers into their first homes. Tony’s switch to Commercial and Industrial sales and leasing occurred when he first joined Associated Realty’s Rotorua office in 1993.

Along the way Tony has gained extensive experience and knowledge of all aspects of marketing, leasing and sales of commercial and industrial property, he provides his clients an exceptional level of expertise and service.

Tony has been a keen motorcyclist for many years, and rides a Yamaha FJR Sports Tourer in his spare time. For quality advice, service and results contact Tony. To view properties that Tony is currently marketing visit www.primecommercial.co.nz/profile/agent/27060.

Tony Doms Licensed Real Estate Agent (REAA 2008)

BUSI

NES

S AD

VISO

RY

CORP

ORA

TE

FIN

ANCE

AU

DIT

TAXA

TIO

N

TRU

STS

INSO

LVEN

CY

ACCOUNTANCY AND BUSINESS ADVICE WHEN AND WHERE IT SUITS YOU We appreciate that our clients look for a service that offers maximum benefit for their dollar, and at BDO we provide the level of support and assurance that clients expect. If you are looking for considered accounting and business advice from a team genuinely interested in the success of your business, then be sure to give us a call. At BDO we know that the days of meeting your accountant once a year and on the accountant’s premises are long gone. Clients welcome us at their premises and many like to see us actively involved on a regular basis. Doesn’t sound like your average accountant, does it?

Tauranga Office 07 571 6280 The Hub, 525 Cameron Road Tauranga

Te Puke Office 07 571 7209 Cnr Jocelyn & Queen Streets Te Puke


Tim Cooney, Director

Paul Manning, Director

Jenny Lee, Director

Janine Hellyer, Director

Ken Brown, Director

www.bdo.co.nz [email protected]


www.associatedrealty.co.nz

2in

dust

rial

LOCATION PRICE $ RENTAL $ YIELD %

Tukorako Drive 135,000 9,007 6.67%

Tukorako Drive 150,000 8,612 5.70%

Tukorako Drive 190,000 11,919 6.30%

Tukorako Drive 310,000 23,374 7.50%

Maketu Road 1,050,000 69,532 6.60%

Aerodrome Road 1,814,000 101,318 5.50%

Jellicoe Street 2,175,000 86,412 4%

Avenues West 2,200,000 128,000 5.80%

LOCATION SIZE SQM PRICE $

Tukorako Drive 192 230,000

Devonport Road 107 600,000

Pillans Road 247 1,150,000

Vacant buildings for sale

LOCATION SIZE SQM PRICE $

State Highway 2 650 $8,500

Cameron Road 140 $35,500

Yards for lease

Leased buildings for sale



3

indu

stria

l

LOCATION LAND SIZE PRICE $ $/SQM

Paerangi Road 1,611 453,000 281

Westminster Drive 1,527 480,000 314

Main Road, Katikati 2,352 525,000 223

Gargan Road 2,584 878,000 340

Kaweroa Drive 3,450 1,121,000 325

Gargan Road 3,040 1,140,000 375

Kaweroa Drive 3,935 1,279,000 325

Fourth Avenue 1,902 1,350,000 710

Kaweroa Drive 5,437 1,767,000 325

Kaweroa Drive 6,094 1,828,000 300

Gargan Road 6,000 1,950,000 325

Matakokiri Drive 10,695 2,995,000 280

Kaweroa Drive 16,336 3,839,000 235

The Strand 2,901 offers offers

Land for sale


4in

dust

rial

TAURANGA SIZE sqm RENTAL $/SQM

Burrows Street, TaurangaRefurbished to near new condition, comprises of office, workshop, service facilities and two car parks. Excellent central avenues location.

76 $12,000 $158.00

Courtney Road, TaurangaPart of a new block to be constructed. Will comprise of a workshop, office, smoko room, amenities and two car parks.

180 per unit

$19,500 per unit

$109.00 per unit

Glasgow Street, TaurangaA good clean space suitable for a clean and passive business use. Shared facilities.

185 $23,000 $125.00

Cypress Street, TaurangaRecently re-cladded and modernised to an excellent standard and comprises of a clear span workshop, office, staffroom, amenities and three car parks.

287 $32,000 $112.00

Cypress Street, TaurangaThis is a very tidy space, rebuilt after a fire some six years ago. The landlord is prepared to accept an under market rent in return for a quality tenant. 270 sqm, plus 55 sqm mezzanine storage.

325 NEG TBA

Hotuhotu Street, Tauriko, TaurangaThis building is to be constructed. Two tenancies each with exclusive facilities and corner profile.

360 TBA TBA

Whiore Avenue, TaurangaA stand-alone building to be constructed with direct access of Whiore Avenue with exposure to State Highway 29. Comprises of a clear span workshop with three full height roller doors, reception, meeting room, staff room, dual service facilities including a shower and four offices, and plenty of yard space.

567 $178,500 $139.00

Cr Kennedy Road and Mataokiri Drive, TaurikoTo be constructed, three new industrial units on a high profile corner site. Each unit will comprise of a workshop office and staffroom, there are a total of 35 on site car parks.

684 $75,240 $110.00

Maleme Street, TaurangaA good high stud clear span tenancy with dual full height roller doors, manager’s office and generous size staffroom and shared service facilities. Has excellent access with a drive-round facility. Plenty of on site parking.

740 $70,300 $95.00

Cr Kennedy Road and Mataokiri Drive, TaurikoTo be constructed, three new industrial units on a high profile corner site. Each unit will comprise of a workshop office and staffroom. Includes 35 on site car parks.

837887

$92,070$97,570

$110.00$110.00

Courtney Road, TaurangaA smart premises comprising of approx 737 sqm of workshop and amenities, plus 163 sqm of quality office space. Includes multiple roller doors and plenty of parking.

900 $87,550 $98.00

First Avenue, TaurangaAn industrial building ideally suited to a company selling its product to the trade or public.

973 $45,000 $46.00

Whakakake Street, TaurangaThis is a new building yet to be constructed. Can be adapted to suit tenant.

1,990 $215,000 $108.00

Whakakake Street, TaurangaThis is a new building yet to be constructed. Can be adapted to suit tenant.

2,010 NEG NEG

Whakakake Street, TaurangaThis is a brand new building, construction completed. It is not a road frontage site, so street appeal is not a factor. Good truck access and all the appeal of a new building which meets all current building standards.

2,032 $253,000 $124.50

Industrial for lease



5

indu

stria

l

Industrial for leaseMOUNT MAUNGANUI SIZE SQM RENTAL $/SQM

Triton Avenue, Mount MaunganuiA solid stand-alone building comprising of clear span workshop, office, staffroom, some yard at the rear of the premises and new roller doors.

435 $44,800 $103.00

Enterprise Drive, PapamoaA superb stand-alone building comprising of a large clear span workshop, manager’s office, foreman’s office, staff/locker room and service facilities. The yard is fully security fenced and concrete paved. In addition to this there is a 300 sqm chiller positioned in the workshop which is available for purchase or lease by the incoming tenant, otherwise it will be taken away before the commencement date.

580 $61,000 $105.00

MacDonald Street, Mount Maunganui

Seldom available stand-alone building with full drive round access in a most desirable Mount Maunganui industrial area. Comprising of 853 sqm high stud warehouse and 190 sqm of administration and amenity space.

1,043 $110,000 $106.00


6co

mm

erci

al Retail for lease

Local Knowledge, National CoverageContact either Alastair or Paul for specialist knowledge

Valuers Property Advisors

www.telferyoung.com

TelferYoung

T: +64 7 578 4675 F: +64 7 577 9606E: [email protected]

Registered Valuers and Property Consultants

Providers of well researched, sound and reliable valuation services, including:» Commercial and industrial» Asset» Rentals

» Feasibility studies» Insurance valuations» Arbitrations

» Property consultancy» Going concern valuations

We have offices in Katikati, Tauranga and Te Puke

LOCATION SIZE SQM RENTAL $/SQM

Cameron Road, TaurangaTwo adjoining shops with good frontage to Cameron Road right in the heart of Greerton Village. Shop 5 has an exclusive WC and shop 4 has the use of a common WC. Shops can be leased collectively or individually.

109 $26,000 $240.00

Cameron Road, TaurangaTwo adjoining shops with good frontage to Cameron Road right in the heart of Greerton Village. Shop 5 has an exclusive WC and shop 4 has the use of a common WC. Shops can be leased collectively or individually.

118 $28,000 $240.00

Cameron Road, TaurangaA new development under construction comprising of two shops in a stand alone position with independent access off the Courtney Road entrance. The rear shop is leased to a Pharmacy. The front shop is available to lease to a destination retailer.

158 $43,450 $275.00

Cameron Road, TaurangaFormer Bin Inn premises. A good older style retail premises with a generous frontage to Cameron Road. The lease includes eight car parks at the rear and a redevelopment is required after 1 January 2022.

274 $44,618 $163.00

Devonport Road, TaurangaFive sparkling shops in the Goddard’s Centre.

395580122233

$9,770$13,635$15,045$30,467$58,200

$250.00$250.00$250.00$250.00$250.00

Devonport Road, TaurangaA brilliant little shop with a long and successful trading history with the current tenant who is expanding into larger premises. Located at the Devonport Road end of Piccadilly Arcade.

24 $12,000 $500.00



7

com

mer

cialIndustrial Market Activity

By Paul Higson, Telfer Young Property ValuersChairman of the Tauranga Branch of the Property Institute of New Zealand

Paul can be contacted at [email protected]

A search in June 2018 of realestate.co.nz showed that there were 51 developed industrial properties being offered for sale in the Tauranga region. From these, the number of sales at each price level were indicated as follows:

From this sales activity it can also be seen that the most popular price bracket is under $500,000. Though there is a significant amount of sales activity over $3,000,000. The locations of these sales are shown to the following graph.

Mount Maunganui and Tauriko are the stand out locations in terms of activity. With more established areas such as Greerton and Judea lagging significantly behind in terms of sales numbers.

The propetry category selected was for developed industrial properties and therefore excluded vacant land sales. It is clear then that the bulk of properties advertised for sale are still within the lower price brackets. We have also analysed sales through our sales database. This indicates that there have been 198 industrial property sales in the Tauranga region over the last two years (excluding vacant land sales). A breakdown of price brackets within these sales were as follows:

Industrial Property on the Market in Tauranga

Over $2mill

$1mill to $2mill

$500k to $1mill

Under $500 k

0 5 10 15 20 25 30 35

Central Tga Greerton Judea

35%

30%

25%

20%

15%

10%

5%

0%

Mt Maunganui

Papamoa Tauriko The Avenues

Industrial Property Sale Location


8co

mm

erci

al Retail for leaseLOCATION SIZE SQM RENTAL $/SQM

Devonport Road, TaurangaTidy shop with high passing pedestrian traffic. Floor area could be increased to include shop next door.

47 $21,190 $450.00

Devonport Road, TaurangaTidy shop with high passing pedestrian traffic. Floor area could be increased to include shop next door.

48 $21,811 $455.00

Devonport Road, TaurangaA very rare opportunity to secure a completely refurbished shop right in Red Square. Shared facilities. Sublease arrangement to be put in place.

50 $30,000 $600.00

Devonport Road, TaurangaGood clean open areas with frontage onto Durham Street, on site parking is available for $1,080 pa per park. Great location just up the road from the new university.

93 $33,000 $355.00

Devonport Road, TaurangaFormer flight centre, high pedestrian count location, well presented, suspended ceiling, new paint. The building is on the earthquake prone building register.

120 $45,000 $375.00

Devonport Road, TaurangaHigh pedestrian location in one of Devonport Road’s busiest locations, up to four stacked car parks available at $780 pa each.

124 $45,000 $363.00

Devonport Road, TaurangaFormer ASB business banking centre. This suite is set up complete with a good quality office fit-out in place including individual office and meeting rooms. The suite has it’s own kitchenette and shared service facilities, all air conditioned and carpeted. Car parks are available by negotiation.

205 $50,000 $244.00

Devonport Road, TaurangaDouble frontage shop in the very best of Devonport Road benefiting from very strong pedestrian traffic.

230 $69,000 $300.00

Devonport Road, TaurangaVery spacious retail shop with an 8 metre frontage to Devonport Road and mall entrance. Good strong location and the landlord can provide additional infrastructure services should a hospitality tenant require this. Some basement parking is available by negotiation.

248 $30,000 $121.00

Devonport Road, TaurangaFormer ASB business centre. Self-contained with own services. New ceilings and lighting throughout and air conditioning vents are to be reinstated.

407 $196,000 $482.00

Fraser Street, TaurangaVery smart retail shop with a good wide street frontage, service facilities, one car park at the rear via service lane.

145 $34,185 $236.00

Fraser Street, TaurangaThis good size and well located shop is located within one of the busiest shopping centres in the city and monopolises the comprehensive shopping centre scene in the Tauranga South area.

351 $110,612 $315.00

Grey Street, TaurangaWide frontage retail space with roller door access via the rear service lane. Upgraded in 2009. Self-contained space with two car parks included.

212 $42,200 $199.00



9

com

mer

cialRetail for lease


Grey Street, TaurangaPositioned in an attractively modernised building and comprises of an extensive showroom or retail area and exclusive service facilities. The space is to be upgraded with a new ceiling, re-aligned floor and some gib wall linings.

368 $80,000 $218.00

Owens Place, TaurangaUnder construction the second stage of this successful development. Each store will be air conditioned, lighting to Lux 500 standard, interior painted and floors prepared for tenant’s coverings. Each space will have dedicated signage which has been designed to be visible from the new Bayfair overpass.

400 $86,000 $215.00

Red Square, TaurangaPrime Red Square location in the very best part of the CBD. The building has been upgraded to a high modern standard, with other stand-out retail businesses.

118 $45,000 $382.00

Sixteenth Avenue, TaurangaSingle office with shared access to a meeting room plus limited reception for meet and greet. The space is consented for health related businesses; ideal for a medical consultant. Static car park is not included in the rent however there is plenty of on-street parking.

50 $15,600 $312.00

Spring Street, TaurangaProminent ground floor space positioned at the south end of Jellicoe Street. The space features a 12 metre wide street frontage and compromises of a showroom area, office, storeroom, document room - all in great condition with good lighting and carpet. Plenty of street and on site parking available.

140 $28,020 $200.00

Te Puna Road, TaurangaRental shown is a base rental and excludes ceilings and lighting. The shop can be constructed to turn-key format in consideration for a rental rate per sqm of $295 net.

110 $29,700 $270.00

Wharf Street, TaurangaBuilding is currently undergoing an external upgrade. The facilities are shared in common with other tenants in the building.

104 $35,000 $337.00

Whiore Place, TaurangaNew development on corner of Whiore Place and Taurikura Drive business. Users can include larger appliances, furniture builders merchant, garden centres and the like.

941592561

TBATBATBA

TBATBATBA

Willow Street, TaurangaAn attractive shop in close proximity to Red Square, art gallery and other keynote business entities.

133 $32,177 $242.00

Willow Street, TaurangaThis retail space is within easy reach of the bus terminal, council and art gallery. The space comprises of a showroom area, shared facilities and access to the service land at the rear. Building has been earthquake strengthened and will be refurbished prior to a new tenant taking over.

151 $34,707 $230.00

Willow Street, TaurangaThis space is within easy reach of the bus terminal, council and art gallery. It comprises of a showroom area, shared facilities and access to the service lane at the rear. The building has been earthquake strengthened and will be refurbished prior to a new tenant taking over.

378 $86,917 $230.00


10co

mm

erci

al The New Zealand construction industry - how will this impact on your future

commercial property investment plans?By Janine Hellyer, Director, BDO Tauranga Ltd

BDO has recently undertaken a 2018 Construction Industry Survey, which surveyed over 85 businesses operating across the housing, commercial construction, and civil/infrastructure sectors. The results provide valuable insights into the issues and challenges faced in this industry. In turn some of the outcomes could substantially impact on your plans for commercial building development in the future as costs may be set to skyrocket.

Some key findings were as follows:

• The sector is comprised of two distinct tiers –

1. Good operators with strong balance sheets and robust cash resources, and

2. Fragile businesses susceptible to the marketplace’s challenges and forces

Although there are a good number with sufficient financial strength, far too many are not in this same position. These fragile businesses face the risk of entering a downward spiral that could result in their financial collapse.

• Profit margins were identified as being too low and not sustainable, nationwide. The commercial sector is operating on margins of 5-6%, with higher margins of 8% found in the housing sector. In addition, margins were generally, but only slightly, above the forecasted margin in project budgets. Several respondents noted that over 30% of their projects by value are making or will make losses.

• Despite contractual commitments to pay on time, over 41% of respondents said they are not paid on time and 28% find juggling cash flow a challenge.

• Staffing was identified as the single greatest issue in terms of both availability and quality. Specifically, recruiting and retaining staff, availability of skilled labour, and training challenges.

• The importance and vulnerability of sub-contractors was highlighted, particularly in the event of the financial collapse of a significant construction company. An inability to pay subcontractors is likely to have a domino effect through the industry, impacting a lot more individuals than in the first wave.

• Results indicated that the requirement to hold retentions in trusts has made little difference to the way retentions are held. Just under three quarters of organisations have not enquired to ensure that their retentions are held in trust; further, out of those who did enquire, one third found they were not held in trust. In the absence of specific requirements to hold retentions separately it appears there has so far been little or no effective change.

Despite these identified issues and concerns, the construction industry is still full steam ahead, with sufficient levels of committed forward work indicating a strong sector. For those that are looking to build in the near future you will be well aware of the delay faced when trying to contract a reliable builder/contractor.

Key findings indicate that profit margins are squeezed and with the new retentions regime, increased overheads, lack of resources, cash flow and lack of profitability makes for increased risk of collapse of ‘fragile’ companies. Now, three to four years into the building boom, low margins appear to be unsustainable long term. As property investors our recommendation is that you do your due diligence when appointing new builders to try to reduce the risk of being caught out unwittingly.

To find out more, please visit our website and download the full report www.bdo.nz/constructionsurvey.

BDO Tauranga is planning to run a seminar later in the year regarding these findings. If you are interested in attending or have any questions regarding the issues covered above, please feel free to contact us and we will be happy to assist.

Disclaimer: This article is general in nature and should not be treated as professional advice. It is recommended that you consult your advisor. No liability is assumed by BDO Tauranga Ltd for any losses suffered by any person relying directly or indirectly upon the article above.



11

com

mer

cialOffice space for lease


Aviation Avenue, Mount MaunganuiSeldom found in Mount Maunganui, a good little open plan office suite all air conditioned, carpeted, including tea making facility and exclusive WC facility. Includes one car park.

60 $15,000 $250.00

Alach Street, TaurangaThese industrial grade office suites comprise of two inter-linked offices with shared access to a large common area and facilities. This is an ideal space for low budget office accommodation.

50 $5,500 $110.00

Cameron Road, TaurangaPart of the hub which is leased out as the individual offices. Each office is provided with an on site car park, storage locker plus the shared use of two meeting rooms and service facilities.

16 $8,760 $548.00

Cameron Road, TaurangaFirst floor rear tenancy, comprising of two spacious open plan office areas, interview room, tea-making facility, four on site car parks. This suite can be integrated into the adjoining hub serviced office facility for an additional $315 per month + gst.

68 $18,600 $274.00

Cameron Road, TaurangaOld premises with one car park included.

105 $12,575 $120.00

Cameron Road, TaurangaOlder space located close to the hospital, mix of open and enclosed areas, including three car parks.

172 $22,200 $130.00

Cameron Road, TaurangaProminent position on Cameron Road above Warehouse Stationery. The space will be fully refurbished and reconfigured to include an open plan office, two enclosed offices, meeting room, kitchenette/staffroom and new high-wall air conditioning . Includes five on site car parks. Five more may be available at a later date for $30 pw.

333 $76,065 $229.00

Cameron Road, TaurangaA brand new high spec building with basement parking available for $20 per week per park. Access via Cameron Road. Lift and pedestrian access.

348 $54,000 $155.00

Cameron Road, TaurangaOlder first floor space in a strong city fringe location. Pedestrian access off Cameron Road and First Avenue. The premises have a generous Cameron Road frontage. The space is in good order, carpeted, data-cabled and air conditioned. It comprises of open and enclosed office areas. Five car parks are included.

524 $125,600 $240.00

Cameron Road, TaurangaA substantial space in the Gate Pa Shopping centre which provides parking for over 50 vehicles. Includes roller door access. Landlord is prepared to reconfigure space for the right tenant.

970 NEG TBA

Chadwick Road, TaurangaAn excellent suite available in the award winning Chadwick House. Includes a spacious open plan office, and a large enclosed office with cityscape views and good natural light. The space is carpeted, air conditioned and includes data cable with modern decor. Shared access to a common meeting room on ground floor. Includes two on site car parks.

90 $22,330 $249.00


12 Office space for leaseLOCATION SIZE SQM RENTAL $/SQM

Courtney Road, Tauranga

This space is an office centre in park like surroundings close to the Gate Pa shopping centre. It includes excellent access to Cameron Road and Fraser Street. It is yet to be constructed.

500 to 3000

from $125,000

$250.00

Devonport Road, Tauranga

The first floor office space was seismic strengthened in 2015. One car park goes with this tenancy.

77 $20,700 $269.00


First floor rear tenancy, all open plan with kitchen and service facilities. Former gym with infrastructure still in-situ. Cassette air conditioned and parking at the rear by negotiation.

211 TBA TBA


Two central city office suites, each has excellent harbour views and up to 13 on site covered car parks are available. Currently configured into multiple offices. Can be converted to suit tenants needs.

229

264

$57,250

$66,000

$250

$250


Wide frontage retail shop predominantly showroom area with pedestrian access off Devonport Road and trade and staff access via the rear at First Avenue. The premises could be reconfigured into two shops also. Two car parks are included and this could be increased to four car parks for additional rent.

511 $100,000 $196.00

com

mer

cial

Ask around, we’re proud of our reputation.Our specialist property advice will help you buy and sell with confidence.Georgina Smith

DDI 07 577 [email protected]

Alex Elder

DDI 07 927 [email protected]

hobec.co.nz



13

com

mer

cial

Asbestos was used in building products up until the 1990s due to its ability to resist heat, electricity and chemical corrosion. However, in New Zealand an estimated 170 people die of asbestos-related diseases each year making it the largest single cause of work related deaths. In response, the Health and Safety at Work (Asbestos) Regulations 2016 (“Regulations”) were introduced and came fully into effect on 4 April 2018. These regulations impose additional duties on Persons Conducting a Business or Undertaking (“PCBU”), including landlords, managers and tenants, in relation to work involving asbestos. This includes the obligation of managing and removal of asbestos risks to ensure the working environment is free of airborne asbestos fibres. Generally, if your building was built prior to 1 January 2000 it is more likely to have asbestos-containing material incorporated within it.

Under the Regulations, a PCBU who knows or ought to reasonably know that there is a risk of exposure to respirable asbestos fibres in the workplace must ensure that all asbestos or asbestos containing materials (“ACM”) are identified. An ACM includes items such as concrete, stipple ceiling coatings and window putty.

The first step in complying with the Regulations is to identify if asbestos is present within the workplace. Therefore, one should not merely assume that asbestos is not present. Instead to comply with the Regulations, a PCBU should organise an inspection by a suitably qualified consultant to identify whether asbestos or ACM is present within the property. If the survey results show that there is or there is likely to be asbestos, all PCBUs must ensure that a written asbestos management plan is prepared. As property owners we recommend that you drive this process in consultation with your tenant.

As per the Health and Safety at Work Act 2015 (“HSWA”), to ensure that their legal obligations are met, a PCBU is obligated to consult, co-operate and co-ordinate so far as reasonably practicable with all other PCBUs who have a duty in relation to the same matter. This means that each PCBU will need a management plan.

An asbestos management plan needs to include the identification of asbestos or ACM, the decisions made in relation to the management of the risk arising from asbestos, as well as the reasons for such decisions. The management plan needs to detail the procedure for detailing incidents or emergencies involving asbestos or ACM at the workplace and the workers who are responsible for carrying out work which involves asbestos. In relation to the workers responsible, the plan must also detail any information and training that has been provided to the workers, their responsibilities and role and any health monitoring of the workers that has been undertaken.

As per the Health and Safety at Work Act 2015 (“HSWA”), to ensure that their legal obligations are met, a PCBU is obligated to consult, co-operate and co-ordinate so far as reasonably practicable with all other PCBUs who have a duty in relation to the same matter. This means that each PCBU will need a management plan.

Under the new Regulations, we recommend when purchasing a property, due diligence investigations include determining whether a survey or management plan has been conducted or put in place for the property. If not the purchaser should arrange an inspection by a suitability qualified consultant to identify whether asbestos or ACM is present within the property.

The Regulations also will affect tenancy relationships. Under the HSWA, landlords must ensure that when work is carried out on their property, it is done in a safe manner without endangering workers or others, including tenants. While the obligation to identify and manage asbestos cannot be contracted out of, when leasing a property parties should consider whether the inspection cost is to be allocated to one party or shared. This means that each party should note what the lease obligations are in relation to who is responsible for the costs.

PCBU’s must ensure that the asbestos management plan is kept up-to-date. In addition, the management plan needs to be revised if there is a review of a control measure, asbestos is disturbed or removed, the plan is no longer adequate, a workers’ representative requests a review or when five years have passed since the plan was last reviewed.

Failure to comply with a review can result in fines upwards of $6,000 for individuals, and $30,000 for companies and other corporates. Therefore, we encourage those who own, occupy or manage a commercial property to ensure they clearly understand their responsibilities under the Regulations.

Health and Safety at Work (Asbestos) Regulations 2016By Kimberley Jordan, Solicitor, Holland Beckett


14


Durham Street, TaurangaSmart nicely appointed open plan office suite in an attractive building with air conditioning, good natural light and cityscape views. Shared service facilities.

81 $15,820 $195.00

Durham Street, TaurangaGood clean open areas with frontage onto Durham Street. On site parking is available for $1,080 pa per park. Great location just up the road from the new university.

93 $33,000 $355.00

Durham Street, TaurangaSmart nicely appointed open plan office suite in an attractive building, includes two on site car parks.

157 $30,406 $194.00

Fraser Street, TaurangaA two-room suite located in a house conversion property. This suite is data cabled, carpeted, air conditioned, has a hand basin and is security alarmed. The suite has the common use of service facilities and on site car parking. The space is consented for medical but is also suitable for an office. Rent includes rates and insurance.

2x rooms (37 sqm gross)

$15,600 $422.00

Fraser Street, TaurangaGood clean economical office suite located a stone’s throw away from the Fraser Cove shopping centre, comprises of two open areas, own service facilities, and one car park. Suit contracting business or similar.

70 $12,500 $179.00

Fraser Street, TaurangaThis premises was the former Contours Gym in the Fraser Cove shopping centre positioned close to warehouse stationery and other keynote business entities. The space is air conditioned, mostly open plan and serviced by pedestrian and elevator access. Very smart space which can be configured to suit tenant’s requirements. Rent to be assessed based on fit-out required.

710 BY NEG BY NEG

Glenlyon Avenue, TaurangaA purpose built office block, including air conditioning, three toilets, one a disabled toilet, and 20 car parks. There is a ramp for wheelchair access. One of the offices is especially large, with two entrances, and could be used as a boardroom.

370 $45,000 $121.00

Grey Street, TaurangaBuilding is to be reconfigured and refurbished including new elevator cars. The owners will look at proposals to provide spaces from small office suites of 130 sqm to full floors of 500 sqm.

130 to

500

$32,000 to

$125,000

$250.00

Hamilton Street, TaurangaSettler style premises near new and well located in the city fringe area. There is a mix of open and enclosed areas with estuary and cityscape views. Includes 13 on site car parks. This a-grade space becomes available in April 2018.

491 $171,050 $349.00

Hynds Road, TaurangaThis premises includes space over two floors, and 80% of the yard behind the building. The space is Ideal for a transport company or earth moving contractor.

164 $75,000 $457.00

Owens Place, TaurangaThis premises comprises of ground floor reception and lobby area of 40 sqm and a first floor open plan area of 143 sqm. Well located - adjacent shopping complex and Bayfair Shopping Mall.

183 $29,000 $159.00

com

mer

cial Office space for lease



15


Pillans Road, Tauranga

An ultra-modern stand-alone building comprising of an open office, conference room, fully equipped service facilities including shower. There are also two spacious open areas that could be utilised as further office spaces with minimal upgrading and an electronics room. The exterior design includes multiple access points, secure courtyard, four car parks plus further stacked parking at one side of the property. Prominent corner position only a few minutes drive to bay central and the city centre.

241 $60,000 $249.00

Selwyn Avenue, Tauranga

A two storey office building with a main floor of 687 sqm comprising a mix of open plan and enclosed office spaces currently utilised as class rooms and administration. Basement comprises of 264 sqm of staff amenities and storage. The balance of the basement area provides secure parking for 12 vehicles. Includes a further 8 uncovered car parks.

1,397 $147,382 $106.00

Seventeenth Avenue, Tauranga

To be constructed. The estate takes up a whole block which can be developed to suit tenant requirements. Car parks at $12.50 per week each will be available.

153

151

151

153

$37,485

$36,995

$36,995

$37,485

$245.00

$245.00

$245.00

$245.00

Sixteenth Avenue, Tauranga

Single office with shared access to a meeting room plus limited reception such as meet and greet. The space is consented for health related businesses, ideal for a medical consultant. Static car park is not included in the rent, there are plenty of on-street parks in the area.

50 $15,340 $107.00

Spring Street, Tauranga

This is a very smart space in a notable building, within high profile CBD with pedestrian and elevator access off the Red Square. The space is configured as multiple offices, air conditioned, shared amenities, and a shower is to be installed. A large external signage panel is available and positioned so it faces Willow Street and the Red Square.

314 net, 265 net usable

$70,650 $225.00

Spring Street, Tauranga

High quality first floor office premises located on the prominent Spring Street and The Strand corner which provides stellar harbour and cityscape views. The space comprises of board room, meeting rooms and open plan office area, kitchen, passenger lift, air conditioning, sprinkler system and 8 car parks.

432 $141,260 $327.00

The Strand, Tauranga

A rare opportunity to occupy Harbourside House and enjoy major benefits of a waterfront premises right in the CBD. The space is fully air conditioned and comprises of two open plan office areas, five enclosed offices, staffroom and four on site car parks.

152 $37,240 $245.00

The Strand, Tauranga

Brand new ready for completion August 2018. This tenancy will be complete with WC facilities, elevator and pedestrian access, open plan, interior. Superb harbour views.

236 $75,300 $320.00

Wharf Street, Tauranga

To be refurbished and renovated to A-grade specification. Includes a quality air conditioning system, floor coverings and led lighting. Included will be high grade bathroom and kitchen facilities plus the shared use of board room one car park is available to each tenancy for an additional $40 per week.

68

89

60

62

11

$28,080

$36,172

$25,379

$25,345

$7,500

$413

$407

$423

$409

$682

com

mer

cialOffice space for lease

Near new 240 sqm of A-Grade office space - constructed in 2015. Brilliant layout with generous open plan offices and meeting room, air-conditioned and data-cabled. The stand-alone corner site provides dual access points and ample car parks. Annual rent $60,000 - that’s just $249 per sqm. Call to view, you won’t be disappointed.

Recreated to an A-Grade standard in 2018 including LED lighting, flooring and air-conditioning. Floor areas range from 60 sqm to 89 sqm with open plan configuration plus common meeting room and service facilities.

Positioned with some of the City’s leading eateries and attractions almost at the door step.

Annual Rent from $25,345. Affordable for small to medium business enterprises and ready to occupy now. Act before it’s too late!

THE ULTIMATE CITY FRINGE OFFICE BUILDING

CHOICE OF FOUR RETRO-FITTED OFFICE SUITES


Telephone 07 571 0716 | Facsimile 07 571 0855

Website www.associatedrealty.co.nz | Email [email protected]

FOR LEASE

FOR LEASE

151 Pillans Road Tauranga

15 Wharf Street, Tauranga

Commercial and industrial property specialists • Insurance valuations • Business valuations • Rental valuations Going concern valuations • Registered valuations for buying or selling • Mortgage valuations

Plant, equipment and chattels valuations • Consultancy • Asset valuations

Property Solutions (BOP) LtdRegistered Valuers, Managers and Property Advisers

Steve NewtonBBS, SPINZ

(07) 572 3950 0274 430 900

Harley BalsomBBS, SPINZ

(07) 572 39500274 470 968

Simon HarrisB Ag Com, ANZIV, FPINZ

(07) 578 3749021 285 9936

Tauranga1/30 Willow Street, Taurangaphone: 07 578 3749

Mount Maunganui43 Maranui Street, Mount Maunganui phone: 07 572 3950

Email: [email protected]

Website: www.4propertysolutions.co.nz

We cover the whole of the Bay of Plenty region

SERVICE ANOTHER WAY WE CARE FOR YOUR BUSINESS

s e r v i c e / q u a l i t y / e f f i c i e n c y / t e c h n o l o g y | 0 7 57 8 7 5 0 6 | k a l e p r i n t .c o. n z

Our friendly, experienced and dedicated team are here to make your printing experience enjoyable and successful

Associated Realty Limited

Harbourside House, The Strand Extension

Tauranga PO Box 13197, Tauranga, New Zealand

Telephone 07 571 0716, Facsimile 07 571 0855

Email: [email protected]


DOWNTOWN TAURANGA

WE ARE HERE

Documents

ISSUE ASSOCIATEDNEWS - associatedrealty.co.nz · Tony’s switch to Commercial and Industrial sales and leasing occurred when he first joined Associated Realty’s Rotorua office