Buying
For sale by private treaty at $375,000 plus GST (if any), with vacant possession. Offered by the owner directly.
Private treaty $375,000 + GST
Offers should be made in writing on the current edition of the ADLS/REINZ Agreement for Sale and Purchase of Real Estate and given to Ben Murphy. Settlement date is negotiable. The owner may accept or decline any offer.
- View the unit. Viewings are by appointment with the owner.
- Read the Information Memorandum and ask for the due diligence pack.
- Make a written offer on the ADLS/REINZ agreement.
- Settle on a date that suits, with vacant possession.
For more information or to arrange a viewing
Market evidence
Advertised asking prices of Nikau Junction units, compared on price per square metre of floor area.
| Unit | Area | Asking price | Price per m² |
|---|---|---|---|
| Unit 14, 9 Te Tupe Rd (sold) | 84 m² | $435,000 + GST | $5,179 |
| Unit 6, 9 Te Tupe Rd (this unit) | 72 m² | $375,000 + GST | $5,208 |
| Unit 4, 9 Te Tupe Rd | 72 m² | $395,000 + GST | $5,486 |
| Units 4 and 8, 5 Te Tupe Rd | 70 m² | $415,000 | $5,929 |
Unit 6 is priced $20,000 below the identical unit in the same building, and in line with Unit 14, which has sold.
Asking prices from public listings as at October 2026, with GST shown as advertised. The sale price of Unit 14 was not disclosed; its advertised asking price is shown.
Annual outgoings
| Item | Plus GST, per year |
|---|---|
| KCDC and GWRC rates 2026/27 | $3,416 |
| Owners association: administration | $1,398 |
| Owners association: building insurance | $1,166 |
| Owners association: reserve fund | $218 |
| Total | $6,198 |
Rates from the KCDC 2026/27 assessment. Levies from the Nikau Junction Incorporated budget approved at the AGM on 24 September 2026 (1 April 2026 to 31 March 2027). Water by meter, power and contents insurance are additional. Capital value $320,000 (land $130,000), KCDC, 1 August 2023.
How ownership works
- Freehold title, not a unit title. Each owner holds their own lot plus a 1/14 share of the common lot (driveways and common areas).
- Every owner is a member of Nikau Junction Incorporated, the owners association, managed by Crockers Body Corporate Management.
- The association arranges group insurance over all the buildings, and maintains the common areas and building exteriors.
- A registered land covenant sets the rules: commercial and light industrial use only, no residential use, and tenants must comply.
Information memorandum
The full memorandum: executive summary, specifications, photos, outgoings, market evidence and the sale process.
Questions buyers ask
- Is it for sale or for lease?
- It is for sale by private treaty at $375,000 plus GST (if any), with vacant possession. The owner will also consider leasing it to an approved tenant: see Leasing.
- Is it a unit title?
- No. It is a freehold (fee simple) title: Lot 20 DP 601414 with a 1/14 share of the common lot, Lot 202 DP 601414. Owners belong to Nikau Junction Incorporated, the owners association.
- What are the annual outgoings?
- $6,198 plus GST a year, including building insurance through the owners association. Water by meter, power and contents insurance are additional.
- What can the unit be used for?
- Commercial and light industrial use. The land covenant does not allow residential use or sleeping on site, or uses that cause a nuisance such as excessive noise, toxic smells, fire hazards, chemicals or significant dust.
- Can I lease it out after buying?
- Yes, to a reputable tenant who also complies with the land covenant.
- Is there an agent?
- No. You deal with the owner, Ben Murphy, directly.