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The Warehouse Group property goes up for sale

  • Property
  • October 19, 2017
The Warehouse Group property goes up for sale

The biggest commercial property in Snells Beach, owned by The Warehouse Group, has been placed on the market for sale.

The building itself suits the other retail spaces of The Warehouse Group, with a large open plan and 4,695 square metres of floor space covering the whole area.

Located on Mahurangi East Road, just north of Auckland, the property sits on 10,137 square metres of land which is zoned ‘business – local centre’.

The property was constructed in the early 2000’s and sites within the town centre.

Those associated with the sale of the property are expecting to see impressive growth around the area with the expansion of State Highway One.

The Warehouse Group has had a lot of moving and shakings as it prepares itself for 2018. Planning expansion and innovation in most of its brick and mortar stores.

The Warehouse Group sold its Newmarket location earlier this year for $65 million as the gear up to move premises to a larger mixed use space.

The Warehouse Ltd is currently on a 10-year lease at the property running through until 2022 – generating a net rental return of $563,269 plus GST, and with three further five-year rights of renewal taking the final expiry date at this stage out to 2037.

Rental review dates are scheduled for 2019, 2022, 2027 and 2032.

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Enhancing the experience: A growing demand

  • Design
  • November 22, 2017
  • Courtney Devereux
Enhancing the experience: A growing demand

Some commentators think food and integrated hospitality offerings will save brick and mortar retail from obsolescence in the age of ecommerce. But does catering to the consumer’s every need result in sales, or are shoppers moving on without making a purchase? In the Enhancing the experience series Courtney Devereux looks into why these two different sectors are working together.

Read more
 
 
 
 
 
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Kiwi retailers cash in on Singles’ Day

  • News
  • November 21, 2017
  • Sarah Dunn
Kiwi retailers cash in on Singles’ Day

The Chinese holiday Singles’ Day, popularised by Alibaba as the ’11.11 Global Shopping Festival’, is now the biggest sale event in the world. Alibaba reports that US$25.3 billion of gross merchandise volume was settled during the 24 hours of Singles’ Day this year. Not all of that went to Chinese retailers, however – a handful of Kiwis made the most of the opportunity.

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Updated: Noel Leeming launches a dedicated after-purchase services division

  • Technology
  • November 20, 2017
  • Sarah Dunn
Updated: Noel Leeming launches a dedicated after-purchase services division

The Warehouse Group’s electronics retailer Noel Leeming has been looking at expanding its focus on services this year. Now, it’s launched a dedicated after-purchase services division: MyTechSolution. The change also means that customers will be charged for access to Noel Leeming's helpdesk if the request goes beyond a "quick fix".

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Cameras aren’t just for security anymore

  • In Association with Axis Communications / Sektor
  • November 20, 2017
Cameras aren’t just for security anymore

In-store video cameras revolutionised loss prevention when they first became available to retailers, but as camera technology continues to evolve, they can now provide a plethora of data that supports better business decisions.

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