IM Unit 18, 14 Airborne Rd2 Property Finance

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INFORMATION MEMORANDUM
UNIT 18, 14 AIRBORNE ROAD, ALBANY
Prepared by Dave Lane
NAI Harcourts North Shore
CONTENTS
3
4
5
6
7
8
9-12
Introduction
Property Overview
Location
Current Zoning
Future Zoning
Disclaimer
Title
APPENDIX:
Pre-Contract Disclosure
BC Rules
AGM minutes
Council Rates
Disclaimer: All offices are members of the Harcourts Group MREINZ. The information contained in this proposal is based on information supplied by franchisees of Harcourts Group Ltd. Although care is taken to ensure the accuracy of this information at the time
of presentation, no responsibility is accepted by Harcourts Group Ltd. Opinions expressed in this proposal are of the writer and not necessarily the opinions of Harcourts Group Ltd.
INTRODUCTION
NAI Harcourts has great pleasure in marketing this accommodation/commercial property located at unit 18, 14 Airborne Rd, Albany, Auckland.
This Information Memorandum summarises the property and general details are provided to assist buyers with their initial assessment.
For Sale - asking price:
$530,000
Viewing of the property is strictly by appointment only.
- GROUND LEVEL MONTH BY MONTH TENANCY
- FIRST LEVEL 12 MONTH TENANCY EXPIRES 19 MAY 2016
RENTAL RETURN:
1. Ground level – is currently rented for $450.00 gross per week
2. First level – is currently rented for $350.00 gross per week
3. Tenants pay share of electricity cost and their own phone and broadband costs.
If the entire property was leased to one party. It would likely be under a commercial lease agreement and it would be at a proposed
rental of $27,000.00 plus outgoings plus GST per annum.
To discuss this property, request additional information or arrange an inspection please contact:
Dave Lane
Sales/Leasing
[email protected]
DDI 09 390 2120
Mob 021 928 031
Peter Jennings
Commercial & Industrial Consultant
[email protected]
DDI 09 444 6359
Mob 021 737 855
Licensed Agent REAA 2008
Licensed Agent REAA 2008
Ray White Glenfield – joint sole agent
PROPERTY
OVERVIEW
Address:
Unit 18, 14 Airborne Road, Albany
Property:
A residential/commercial property, South/West facing, positioned on an easily accessible road, among similar type properties.
Constructed of concrete tilt-slab walls and long-run roofing.
Location:
The property is located on the eastern side of Airborne Road, not much more than two kilometres west of the northern
motorway interchange. Airborne Road connects with Rosedale Road to the northern end and Tarndale Grove to the south.
Estate:
Stratum in Freehold
Legal Description:
PU14 & AU32 AU33 AU34 AU92 DP 204421
Approximate floor areas:
Ground level:
78m²
First level:
62m²
Total:
140m²
COMMERCIAL/RESIDENTIAL
Zoning:
Operative Plan – Business 10
Proposed Plan – Light Industry
Sizes supplied by the vendor
Official Floor Area:
140m² (approximate)
Rating valuation:
As at July 2014
Capital value:
Land value:
Improvement value:
$420,000
$100,000
$320,000
Outgoings:
Body Corporate Levy:
Council Rates:
$2,190.62 incl GST
$3,326.30 incl GST
Improvements:
A two level property estimated to have been built in 1999, comprising a total floor area of approximately 140 sqm (including
non-consented areas) plus front courtyard and two allocated car parks. The building comprises one area that has been split
into two tenancy areas with very little structural change. The first level self-contained one bedroom official residential portion
to the left side is currently tenanted under a residential tenancy agreement for 12 months expiring 19 May 2016. This area
offers a good layout with an additional mezzanine room extended over what was high stud warehouse. The ground floor
warehouse area is to the right and is high stud. It has been divided into a low stud room and kitchen area. In addition, there is
an official office, toilet and added shower which is located under the accommodation area. This ground level area is on a
month by month tenancy arrangement.
LOCATION
Ideally located in this easily accessible area on the North Shore in a street with four live-in/warehouse complexes situated adjacent to each other. A concept
that has proven to be extremely popular, especially with their cost saving live and work formula.
It is within close proximity to Albany central and the Westfield Mall and approximately 8-10 minutes from Auckland’s CBD in off-peak times.
Albany has been established for some time now with a vast array of light industrial businesses servicing the North Shore and further afield. Airborne Road
site is of level contour, providing a link between Rosedale Road and Tarndale Grove. Motorway access is via Tawa Drive or to the west from Albany
Highway.
Subject property
address
CURRENT ZONING
Business 10 under the North Shore City Council District Plan 2002.
Objective
To manage the effects of activities in the city’s general business areas in a manner which:
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Provides opportunities for a wide range of employment-generating business activities to establish in the city
Maintains a moderate level of visual and environmental amenity
Makes efficient use of natural and physical resources
Reduces dependency on the private motor vehicle for travel
Avoids, remedies or mitigates the adverse effects of activities on the amenity of nearby residential properties
Achieves a moderate level of air quality generally, and a higher level in locations close to residential areas
Minimises the unintentional exposure of people to risk from hazardous activities
Comprehensive zoning regulations and development controls are available to view online: Auckland Council North
Shore District Plan
NOTE: This town planning summary is provided for basic information purposes only. It should not be relied upon
for the purposes of determining development potential of the property or if a particular activity or use is permitted
within the zone. We recommend professional town planning advice should be obtained from a qualified Town
Planner or Auckland Council.
FUTURE ZONING
Zone description
This zone provides for light industrial activities that do not generate objectionable odour, dust or noise emissions. This
includes light manufacturing, production, logistics, storage, transport and distribution activities.
Due to the industrial nature of the activities, sensitive activities such as residential, office or retail activities that are not
related to the predominant use on-site are not appropriate. An exception is made for trade suppliers, motor vehicle
sales and garden centres, which may locate in the zone subject to location and traffic considerations.
Objectives
1.
2.
3.
4.
Light industrial activities locate and function productively within the zone.
The establishment of activities that may diminish the efficiency and functionality of the zone for industrial
activities is avoided.
Adverse effects on the natural environment and general amenity, both within the zone and on adjacent areas, are
managed.
Development avoids adverse effects on the amenity of adjacent public open spaces and residential zones.
Policies
1.
2.
3.
4.
5.
6.
Enable a range of light industrial activities to locate in the zone.
Avoid activities that create reverse sensitivity effects and constrain the establishment and operation of
light industrial activities.
Limit retail activities in the zone to: convenience retail that serves the local worker population & trade
suppliers, service stations, motor vehicle sales and garden centres.
Avoid office activities, except where they are accessory to the primary activity on-site & residential activities other
than for persons whose duties require them to live on-site.
Require development that adjoins public open space or residential zones to maintain the amenity values of those
places.
Manage development so that it does not adversely effect the safe and efficient operation of the transport network,
particularly for freight
DISCLAIMER
Disclaimer
This Information Memorandum has been prepared by NAI Harcourts solely for the information of potential purchasers to assist them in
deciding whether they are sufficiently interested in the property offered for sale to proceed with further investigation of the property. The
information does not constitute all or any part of an offer or Contract for Sale, and is intended as a guide only.
The information contained in the Memorandum has been prepared in good faith and with due care by NAI Harcourts. Potential purchasers
should take note however that the calculations contained in the Memorandum are based on figures provided to NAI Harcourts by others. Any
projections contained in the Memorandum therefore represent best estimates only and may be based on assumptions, which while
reasonable, may not be correct.
NAI Harcourts has not measured the building or the tenancies and gives no undertaking or warranty that the floor areas contained in this
document are accurate.
Potential purchasers should not rely on any material contained in this Information Memorandum as a statement or representation of fact but
should satisfy themselves as to its correctness by such independent investigation as they or their legal or financial advisers see fit.
No liability for negligence or otherwise is assumed by NAI Harcourts for the material contained in the Information Memorandum.
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