• Wakeboard and snow story is: Ballistics Wake & Snow has signed a new five year lease for its Barry’s Point Road shop.
  • The Tile Warehouse’s premises are for sale at a time when Auckland’s industrial property vacancies are at historic lows.

Wakeboard and snow shop rides onto market

COMMERCIAL PROPERTY: Bayleys North Shore Commercial

A substantial Takapuna unit that is home to the  well-established tenant Ballistics Wake & Snow is on the market for sale.

The snow and water sports retail shop occupies the 370 square metre open, high stud retail unit at 66 Barrys Point Road on Auckland's North Shore on a new five year lease with a bank guarantee, generating annual income of $135,000 plus GST.
In the fast changing commercial and retail area, Ballistics Wake & Snow has six on site car parks, four directly in front of the store and another two on the northern side of the property.
Wakeboards and waterskis, snowboards and skis, equipment and clothing is sold from the spacious premises. The property is being marketed by Bayleys agents Ranjan Unka and Nelson Raines and will be sold by private treaty closing on June 27.
Mr Unka said the property benefited from the new Mixed Use zoning under the Auckland Unitary Plan, which allows continued transformation of the light industrial and retail area and the inclusion of residential development.
Ballistics Wake & Snow's lease runs until June 2029, upon exercising their five year right of renewal. Income growth is provided by a 2% increase annually and a market review at lease renewal.
The business opened almost thirty years ago selling snowboards in the winter and windsurf gear in summer. A few years down the track, skis were added and the windsurf range was replaced by wakeboards and water skis.  After years of steady growth and pushing capacity the offering is fine tuned to only the core specialities.
The owners are on the floor at the coal face and have a battle hardened crew of long term full-time and part-time staff all involved in snow and wake sports.
Its premises are road front and a right of way on the northern boundary gives access to the other units in the development.
The front section of Ballistics Wake & Snow showroom is attractively finished with carpet floor coverings, painted block walls and ceilings lined with timber panels. The mid-floor retail space has a suspended ceiling and also includes partitioned amenities and a storage area with lunchroom.
The showroom is air-conditioned with three wall-mounted incremental units, two located at the front of the building, whilst one is at the rear of the retail space.
The retail façade has non-tinted glazing to over approximately one half height, with the main remainder being fibre cement panels. There is an attractive angled canopy area providing well exposed signage to passing traffic on Barrys Point Road, also seen from the motorway interchange.
Situated on the eastern side of Barrys Point Road, about 100 metres to the north of its intersection with Esmonde Road, it has excellent motorway access. Barrys Point Road is a main arterial road linking Anzac Street and Pupuke Road in the north to Esmonde Road in the south. Traffic flows in this area are high.
The surrounding development includes mainly older industrial type buildings, a number of which have been refurbished into showroom space and are now of a more modern appearance.
The area is well known for its motorcycle retailers, together with a number of cycling and outdoor recreation stores. Harley Davidson, Cycletreads and Honda are immediate neighbours.
“This is a popular location within easy reach of the motorway system and surrounding development tending to a more commercial focus,” Mr Unka said.  “This is a good opportunity for a buyer wanting a passive income.”
The building has a seismic rating of 70% of NBS.


Shortage of industrial properties makes tile company's premises a hot buy

A substantial showroom, office and warehouse at Wairau Valley, tenanted by a national tile company is on the market for sale at a time when vacancy levels in the precinct are at an all time low.

The Tile Warehouse has been at the 860 square metre industrial/retail building on a 1525 square metre site for 24 years and has just signed a new six year lease, generating net annual rent of $163,597 for the premises and $15,730 for 17 car parks, bringing a combined income of $179,327.
Rental growth is generated through two yearly rent reviews to market rates.
Well recognised as a national brand, the Tile Warehouse's premises at 120 Wairau Rad, are a single-storey showroom/warehouse, with a mezzanine floor at the front end of the building in the Auckland Council's light industry zone.  
After 30 years in business, Tile Warehouse supplies quality tiles and stone including porcelain, ceramic, glass and metal tiles, mosaics and natural stone.  It is recognised as a leader in the architectural industry and has a full team of representatives with nationwide coverage from commercial to residential builds.
Properties of this nature don't come on to the market often, says Bayleys North Shore salespeople Alex Strever and Michael Nees, who are marketing it for sale by auction on July 3.
“Industrial property vacancies in Auckland are at historic lows, tenant demand is strong and premises of this nature are highly prized by investors and owner occupiers alike,” Mr Strever said.
The freehold industrial building is on the north east side of Wairau Road with 25 metres of road frontage on one of the North Shore’s busiest roads with more than 30,000  vehicles passing every day,” he said.
When erected,  the warehouse was constructed with a steel portal frame and masonry shear walls. It is on concrete foundations and has a concrete floor.
The mezzanine area is steel framed with timber framed walls and flooring within and the building is roofed with long run steel roofing supported on timber purlins to the steel portal frames end walls. It has a  seismic rating of 75% IEP.  
“The Tile Warehouse is the only tenant and the building's position, exposure and versatile nature make it suitable to a wide range of users.” Mr Nees said.
Wairau Valley is a busy industrial and retail precinct originally developed in the 1960s and 1970s with subsequent infill and redevelopment from the 1980s, while Wairau Road has a mixture of showroom, bulk retail and smaller retail outlets together with an increasing concentration of car sales yards at the northern end of the road.
In the property's immediate area buildings are used mainly by significant national and international businesses for warehousing, storage and showroom with trade retail. They were developed throughout the 1970s with a number of interspersed modern redevelopments.
Neighbouring popular brands include BP, Supercheap Auto, City Nissan, Tristram European, Cash Converters, Office Max, Mitre 10 and Bunnings.
“Buildings within Wairau Valley are typically a little older, and have tended to be more affordable than their modern counterparts in the Albany and North Harbour industrial estates, but the shortage of industrial property and demand has closed that gap,” Mr Strever said.
“The strengths of the area are its location and range of prominent businesses which have established in the precinct resulting  in Wairau Valley becoming a blue chip locality for owner/occupiers and tenants,” he said.
“A significant lack of development sites in the area means new supply is  limited and continued demand from tenants and owner occupiers provides good potential for continued growth in rental rates and values for properties in the Wairau Valley area.”
The site benefits from easy motorway access, being about 200 meters from the Tristram Avenue motorway interchange on to SH1.