59 Halswell Street, Wanganui (Halswell Mews) Although outside our usual “hunting ground”, this opportunity offered all the ingredients of our regular residential purchases. A large land holding of 3.5 acres together with 23 rental apartments, a manager’s house and the potential to add a further six quality homes. Local builder Devon Homes has erected four…
Read moreAMI Building Takapuna 529 Lake Road, Takapuna Shop 2 54m² Location Group took the opportunity some two years ago to purchase this building from the previous owner occupier. Its location, on the corner of Lake Road and Como Street in the heart of the Takapuna CBD , represents Takapuna’s highest pedestrian count, as a consequence…
Read moreBushglen Motel, 37 Waipa Street, Birkenhead The property was originally purchased as a long term investment, with the previous buildings being operated as a motel business. Following the motel lease expiry, Location Group assumed control of the entire complex,. consents were obtained to build three, new, stand alone houses, and to convert the existing motel…
Read more29 – 31 Portage Road, New Lynn A rough ex manufacturing facility in sought after semi retail, main road location. The original plans were to subdivide the property into three small commercial office, showroom units. However, prior to completion of plans and consent, a single, retail furniture tenant, Zhong Ze Group was secured for the…
Read moreIndustrial Complex: O’Rorke Road, Penrose Purchased in July 2004 as a long term investment and redevelopment opportunity for the Group, the property comprises two separate land holdings totalling 126,917 sqm, upon which are approx. 40,000 sqm of buildings. Subject to a long term lease to James Hardie Industries, this property presented a unique land banking…
Read more46 Lunn Ave, Mt Wellington Location purchased an older industrial block, at 46 Lunn Avenue, Mt Wellington. The units are already on separate freehold titles and require a cosmetic make over including minor re-cladding, painting, landscaping before re-offering to the market. The units range in size from 230 sqm to 590 sqm and are available…
Read moreInvestment Opportunity: 248 – 252 Marua Road, Ellerslie This development comprises an existing structure (Stage 1) which has been substantially refurbished into 9 commercial units and a new building on the adjacent site which provided a further 9 units. The zoning is Business 4, which provides for varying small business uses with discretionary use for…
Read more645 Great South Road, Penrose We purchased this large land holding of 24,691 sqm with outstanding exposure to one of NZ’s busiest roads in October 2003 on a long term settlement basis and had been investigating various concept ideas for its redevelopment. In late 2004, however, an opportunity arose to on-sell the land to another…
Read more2 Carr Road, Mt Roskill Bought “off market” in late 2004, the property comprised a land holding of 2.7058ha on which were 8,219 sqm of office / warehouse. Subject to a short term lease, the property offered us the opportunity to develop a quasi retail centre within an area with strong demographics. Our instincts were…
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