Ad problem

[fudosan]

From TradeMe today: http://www.trademe.co.nz/Browse/List...x?id=214952203

Location: City Centre
Auckland City
Auckland Property use: Office Floor area: 255m2 Price: Asking price $76,230 per annum excl. GST

When I clicked the link to BT's website: http://www.barfoot.co.nz/42896

Property ID42896
SuburbCity Centre
Area2,745sqft - 255sqm
City Centre - MODERN CHARACTER SPACE - $200/M²
For Lease $63,480 nett pa plus GST

There's a difference of $299/sqm vs $249/sqm (not the indicated $200/sqm) for the same property.

[fudosan]

Commercial Property For Lease

From TradeMe: http://www.trademe.co.nz/Browse/List...x?id=215104145

Location: City Centre
Property use: Office
Floor area: 703m2
Price: Asking price $492,351 per annum excl. GST
Attention retailers. Approximately 700m² of retail space available on Queen Street. Do not miss out on the unique opportunity to secure this space. Call to arrange an inspection or for more details.

From BT's website: http://www.barfoot.co.nz/42915

City Centre - PROMINENT QUEEN STREET RETAIL
For Lease $385,850 nett pa plus GST
Attention retailers. Approximately 700m² of retail space available on Queen Street. Do not miss out on the unique opportunity to secure this space. Call to arrange an inspection or for more details.

The difference in the asking rent is a whopping $106,501!

[fudosan]

Commercial Property For Lease

From TradeMe: http://www.trademe.co.nz/Browse/List...x?id=215104085

Location: City Centre
Auckland City
Auckland Property use: Office Floor area: 507m2 Price: Asking price $125,011 per annum excl. GST

From BT's website: http://www.barfoot.co.nz/42914

City Centre - CBD OFFICE
For Lease $96,482 nett pa plus GST
Located in one of Auckland's busiest streets. This 507m² prime, high profile site is located across the road from the Sky Tower. This will be the perfect opportunity to start or expand your business. Wide, large window frontage and two entrance doors with lift. Would suit a number of business models, in particular, a business associated with the school market.

The difference in the asking rent is $28,529. What can explain this discrepancy?

[Davo36]

Well that's pretty sloppy of BT, if the rent has reduced then it should be updated everywhere.

I would say that's all it is.


David

[Glenn]

Well that's pretty sloppy of BT, if the rent has reduced then it should be updated everywhere.

I would say that's all it is.


David

Well it might not be.
You would be surprised how much of a premium some tenants will pay to secure a "better" property. Their definition of better is more expensive.
There are a lot of stupid people out there that will pay more on trademe because they think they are getting a bargain.

[revdev]

There are a lot of stupid people out there that will pay more on trademe because they think they are getting a bargain.

Couldn't agree more...have you seen the prices punters have been paying for Gold Kiwi's recently?

G

[muppet]

have you seen the prices punters have been paying for Gold Kiwi's recently?

Yes.

From about $1955 to about $2249.

http://www.trademe.co.nz/Antiques-collectables/Coins/New-Zealand-Decimal/Gold/auction-214509391.htm

http://www.trademe.co.nz/Antiques-collectables/Coins/New-Zealand-Decimal/Gold/auction-214742469.htm

Gold NZ$1596/oz

[fudosan]

Commercial Property For Lease

From TradeMe: http://www.trademe.co.nz/Browse/List...x?id=216774953

Location: City Centre
Auckland
Property use: Office
Floor area: 90m2
Price: Asking price $33,536 per annum excl. GST
Don't miss this one. A whole floor of unique character space located on the corner of O'Connell Street and Vulcan Lane. Extremely tidy floor with open plan kitchen area and furnishings. Very competitively priced.

From BT's website: http://www.barfoot.co.nz/43029

City Centre - NYLOFT CHARACTER SPACE OF 90M²
For Lease $25,200 nett pa plus GST
Don't miss this one. A whole floor of unique character space located on the corner of O'Connell Street and Vulcan Lane. Extremely tidy floor with open plan kitchen area and furnishings. Very competitively priced.

[Glenn]

Thats $280 per sq m.
Sounds a bargain for prime retail space. I wonder what the problem is.
Is Auckland slipping below the waves.

[fudosan]

Thats $280 per sq m.
Sounds a bargain for prime retail space. I wonder what the problem is.
Is Auckland slipping below the waves.

It's an office. For an office, $280/sqm is actually not cheap in today's market. You can rent an office from Bob Jones's A-grade Qantas House on Queen Street for only $250/sqm.

[fudosan]

Commercial Property For Lease

Not much of an ad problem, but look at the accompanying picture. Are they really trying to lease a retail unit, or are they trying market the tree?

Brand new building with an impressive...
* Enquiries over $80,500
* Listed: Thu 7 May, 3:38 pm
* Listing #: 217353909
Location: City Centre
Property use: Retail
Floor area: 230m2
Price: Asking price $80,500 per annum excl. GST (Includes outgoings)
Property ID#: AMG239
Parking:
Open plan showroom on the ground floor
High profile Street in the area surrounding with great Cafs, restaurants and bars

Source: http://www.trademe.co.nz/Browse/List...x?id=217353909

[Davo36]

I reckon, that's about the worst property related photo ever.

[Glenn]

You are just not imaginative enough.
You have to read the advert again.

That is the view of the property after the agent Mr Kaung had phuued the last tenant out of the place for not paying.

[Assena]

I can shed some light on the difference between the rent listed on the B & T website and the rent listed on Trade Me. The reason TM is higher is that Trade Me includes net rental, opex and the value of carparks (if known). B & T advertise net rental only. It is just the way different websites are set up.

[fudosan]

If it's a problem with how TradeMe is set up, we should also see similar discrepancy occurring with everyone who lists properties for lease. So far I have not seen this problem. Where have I gone wrong?