2 and 3/178 Broadway, Newmarket Buy one or both

Available PropertyFiles:

  • /Body Corporate Docs/
    • 6. Balance Sheet & Financial Statement 2021-2022.pdf
    • 7. 2022 Insurance Renewal Report BC384983.pdf
    • AGM minutes 221214 (Draft).pdf
    • Approved budget 2022-2023.pdf
    • Q17, 178 Broadway Pre-Contract Disclosure Statement 230413.pdf
    • Q18, 178 Broadway Pre-Contract Disclosure Statement 230413.pdf
  • /Certificate Title/
    • 3122934-1.pdf
    • 3122935-1.pdf
  • /Information Memorandum /
    • PIM Level 2 & 3, 178 Broadway.pdf
  • /LIM Report/
    • LIM - 178 Broadway.pdf
  • /Lease Document/
    • Deed of lease - Level 2.pdf
    • PIEdeed of lease lvl3 178 broadway.pdf
  • /Property Files/
    • Documents (6).zip

Property Description

• Freehold unit title office occupies the entire level 2 and level 3 of the building

• Level 2 with 5 car parks currently returning $98,720 + GST per annum

• Level 3 with 6 car parks currently returning $117,950 + GST per annum

Rare opportunity to secure two modern, well-presented office units located within the thriving and everchanging suburb of Newmarket. The premises benefits from an exceptional profile and is a proven location attracting a range of high calibre professional businesses.

The property benefits from accessibility due to its proximity to motorway connections and the railway network. Auckland CBD is only 8-10 min drive away and a 16 min train ride away. Situated walking distance of both the Newmarket and Grafton Train Station, the completion of the City Rail Link (CRL) will further enhance business growth of Newmarket area.

Tenancy Details:

Name of Tenant: Industu Training Auckland Limited

Term of Lease: Four (4) years

Commencement Date: 23rd September 2022

Rights of Renewal: Nil

Net Rental :$98,720 + GST

Name of Tenant: Premier Institute of Education Limited

Term of Lease: Six (6) years

Commencement Date: 1st October 2018

Rights of Renewal: Two (2) of three (3) years

Net Rental: $117,950 + GST

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Terms of Supply

The following information has been supplied to Bayleys Real Estate Limited (“Bayleys”) to be made available to any prospective interested parties for general information purposes only.
Bayleys and the Vendor do not warrant the accuracy or completeness of the information and recommends that all recipients make their own enquiries to their satisfaction in all respects and seek their own independent expert advice.

Contact Owen Ding

Owen Ding

Associate Director, Asian Markets

09 375 7439   027 565 0099   owen.ding@bayleys.co.nz   All Listings

Graduated with a Bachelor degree in finance, Owen has joined a very successful international sales team in the commercial property sector.

Owen has strong foundation in real estate having spent years previously working as a salesperson in a successful family real estate development business in Shanghai.

Owen is able to leverage off the combined market knowledge of the team and the broad resources of the wider Bayleys network to optimise outcomes for his growing client base.

Owen thrives on the fast-paced environment with his positive attitude.

Committed to the highest level of client satisfaction, his precise attention to detail and close monitoring of the property market ensures that every client receives the best possible levels of service.


Contact James Chan

James Chan

Director, Aisan Markets

09 375 8458   021 934 054   james.chan@bayleys.co.nz   All Listings

James Chan has been specialising in the sale of commercial property for nearly 30 years and is the first salesperson among Bayleys Real Estate’s nationwide commercial and industrial team to have achieved gross sales of more than $1 billion, placing him within an elite group of high achievers within the industry.

James is head of Bayleys’ Auckland-based international sales division, a team of multilingual salespeople specialising in servicing the property requirements of both offshore and local South East Asian investors.

James has been a top performing salesperson for many years, winning both Bayleys and the Real Estate Institute Salesperson of the Year (REINZ) awards on numerous occasions. Most recently, he was winner of Bayleys’ nationwide top auction agent award for 2011/2012; winner of Bayleys’ national top commercial and industrial salesperson award in 2011/2012 and runner up in 2012/2013; and runner up in REINZ national salesperson of the year award for 2011/2012. Bayleys Top Achievers status every years for the past 30 years.

Born in Hong Kong, James is fluent in Mandarin and Cantonese as well as English and says his “rich cultural base” gives him a point of difference in the marketplace. “I try to bridge the Kiwi and Asian way of thinking, acting as a mediator between the two. I always try and create an outcome that produces a win-win for vendors and buyers.”

In the time he has worked for Bayleys, James has built up a vast network of contacts both within New Zealand and throughout Asia. These not only include investors but also banks and financiers, lawyers, immigration consultants and other professionals. Due to "word of mouth" and as the result of numerous successful transactions over many years, James has built a level of trust and reputation which means clients personally seek out his advice.