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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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Kimberlys will be gone by Sunday

  • News
  • December 11, 2017
  • Sarah Dunn
Kimberlys will be gone by Sunday

Womenswear company Kimberlys was founded in 1983, but it won’t see out the end of 2017 before folding. It went into receivership in October and as a buyer has failed to come forward, all remaining Kimberlys stores will close on December 17.

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In store music matters

  • In Association with OneMusic
  • December 11, 2017
In store music matters

Music. It’s always there, but it’s not often we stop to think about the effect it has on our environment. Mark Cowie, New Zealand operations manager for Recycle Boutique talks about how they use music targeted to their demographic to add to the in-store experience.

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Oroton luxury bags put into administration

  • News
  • December 8, 2017
Oroton luxury bags put into administration

Oroton Group, owners of luxury accessories chain Oroton, entered the brand into administration at the end of November. The chain is set to operate as usual until a decision is reached regarding the brand's future.

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