PROFILE INFORMATION
Jordan Palmer
Senior Broker / Auctioneer
0222 888 204
Jordan graduated from the University of Auckland in 2012 with a Bachelor of Property. From here he worked as a property consultant for an architecture firm, then with Two Degrees mobile as their property & project lease manager. Jordan joined James Group in early 2016 and quickly came through as a top performing agent looking after the Airport and wider Mangere area. In 2016 Jordan was James Group’s ‘Rookie of the year’.

In 2017 Jordan was James Group’s top performing individual agent completing 37 individual transactions ranging in size from 55sqm right up to 14,202sqm.

Given the geographical cross-over and like-minded skills, Jordan teamed up with Scott Buswell in 2018 combining patches to cover Auckland Airport, Mangere, Manukau & Wiri. This has proven to be extremely successful and Jordan and Scott are currently James Group’s leading agents.

In June 2018 Jordan won the Reinz National Auctioneering competition for the novice division.

Outside of real estate, Jordan enjoys playing and watching rugby union, time on the golf course, time in the golf clubhouse and being with friends and family.

Jordan is always interested to talk about your business or property requirement and is freely available to call auctions should you need an auctioneer!
CURRENT LISTINGS
Previous Next
JG01285
Mangere
2451sqm
Price by Negotiation
JG01294
Mangere
1800sqm
Price by Negotiation
JG01295
Mangere
209sqm
Price by Negotiation
JG01435
Wiri
6086sqm
Price by Negotiation
JG01994
Mangere
320sqm
Price by Negotiation
JG02284
Wiri
7990sqm
Price by Negotiation
JG02285
Manukau
10716sqm
Price by Negotiation
JG02325
Wiri
1300sqm
Price by Negotiation
JG02412
Mangere
80sqm
RECENT DEALS
88sqm
JG03106
281sqm
JG03899
324sqm
JG03336
669sqm
JG04058
590sqm
JG03773
1127sqm
JG03658
190sqm
JG03796
360sqm
JG03615
12840sqm
JG03672
CASE STUDY
Case Study - 177 Montgomerie Road, Airport Oaks

177 Montgomerie Road, a slightly older property, was built during a time where properties required a high office to warehouse ratio. Currently, we see buildings being built 90% warehouse 10% office. 177 Montgomerie road was built to hold approximately 70% warehouse 30% office. This change in requirement for office space reflects the uptake of new technology meaning fewer office staff are required.


As tenants came and went from the property, slowly, but surely, more and more office within the building became unused by the tenants occupying the warehouse space. Eventually to a point where 177 Montgomerie Road had around 500sqm of office space vacant but the entire warehouse area leased. 


The truth is we see a bit of this in the market with older buildings, the landlords generally ‘aren’t to phased’ as they are still receiving a good income from the warehouse portion of their building and assume that it is ‘too hard’ to lease such a large amount of office outside the city/city fringe. 


The solution? – Being an active landowner and investing in improvements in your property. The owners of 177 Montgomerie jumped at the opportunity when they found out the Cargo Central building was being demolished. The Cargo central building houses around 30 office tenants in spaces from 50m2 – 250m2, with the majority being around the that 100m2 mark. In light of this, with 500m2 of open plan office space available, the owners refurbished their building and split it into 5 tenancies from 60sqm to 110sqm. James Group was bought on board to complete the leasing of the new space and we were able to find 5 new tenants for the building and an extra revenue stream of approx. $81k per annum. 


The owners have added value to the building not only with their capital improvement sharpening the buildings image, but the extra $81k of rental at a market cap rate of 6.5% this adds an extra $1,245,000 in value to their building if they were to sell. The 5 extra tenancies also splits the risk in the property should anyone look to relocate. 

SUBSCRIBE TO OUR MARKET UPDATES
Subscribe