Archive | Beaumont Quarter

4 apartments sell at City Sales

4 apartments were sold under the hammer at City Sales’ auction on Wednesday, and 2 were passed in.

CBD

Beaumont Quarter

22 Fisher Point Drive, unit 209:
Features: leasehold, 41m², one bedroom, deck, parking space
Outgoings: rates $1463/year including gst; body corp levy $3822/year, ground rent $13,865/year
Outcome: no bid
Agents: Tania Toparea

Learning Quarter

Argent Hall, 2 Eden Crescent, unit 2E:
Features: 32m² studio, deck
Outgoings: rates $1039/year including gst; body corp levy $2861/year
Outcome: passed in at $200,000
Agents: Tony Kelly

Uptown

Beresford, 22 Beresford Square, unit 6C (pictured):
Features: over 70m², one bedroom, parking space available to lease
Outcome: sold for $460,000
Agents: Gabrielle Hoffmann

Amora, 100 Greys Avenue, unit 6P:
Features: 35m² studio, deck
Outgoings: rates $2450/year including gst; body corp levy $3403/year
Outcome: sold for $175,000
Agents: Ivan Tvrdeich

Nova en Scotia, 18 Scotia Place, unit 5B:
Features: 53m², fully furnished 2 bedrooms, parking space, storage locker
Outgoings: rates $1397/year including gst; body corp levy $4399/year
Outcome: sold for $426,000
Agents: Steve Roberts

Isthmus west

Eden Terrace

3 Ngahura St, unit 9:
Features: 72m², 2 bedrooms, 2 bathrooms, deck, tandem parking
Outgoings: rates $1266/year including gst; body corp levy $2787/year
Outcome: sold for $471,500
Agents: Iona Rodrigues & Jacob Hayward

Attribution: Auction.

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2 apartments sell at Bayleys

One apartment was sold at Bayleys’ residential auction on Wednesday and one at the agency’s Remuera auction.

CBD

Beaumont Quarter

12 Telpher St:
Features: freehold, 4 bedrooms, 4 bathrooms, 2 levels, balconies facing east & west, private courtyard, internal parking space
Outgoings: body corp levy $6083/year including residents’ society levy
Outcome: sole bid from the vendor at $1 million
Agents: Suzie Paine & Simon Smith

Kitchener St

Metropolis, 1 Courthouse Lane, unit 3203 (32C):
Features: 183m², 2 bedrooms, 3 bathrooms, 2 parking spaces, storage
Outgoings: body corp levy 25,388/year
Outcome: no bid
Agents: Cheryl Regan & Harry Cheng

Learning Quarter

Columbia, 15 Whitaker Place, unit 19G:
Features: vacant 2 bedrooms, parking space
Outgoings: body corp levy $4763/year
Outcome: sold for $210,000
Agents: Andrew Bond

Isthmus east

Newmarket

18 Railway St, unit 1:
Features: 120m² work/live, 10m² balcony, 4 secure onsite parking spaces
Outgoings: body corp levy $8963/year
Outcome: passed in at $750,000
Agents: Amy Hain & Matt Gordon

Parnell

Stonemason’s, 27 Falcon St, unit 3F:
Features: one bedroom, parking space
Income assessment: $395/week until 26 July
Outcome: passed in at $289,000, back on market at $350,000
Agents: Chris Reeves & Amy Hain

10 Ruskin St, unit 3C:
Features: 120m², 3 bedrooms
Outgoings: rates $/year including gst; body corp levy $/year
Income assessment: $/week
Outcome: auction postponed
Agents: Jiali Liu

10-12 Sarawia St, unit 3:
Features: 4-bedroom townhouse, balconies, courtyard, double garage with internal access
Outcome: no bid
Agents: Jackie Dragicevich & Anna Stephenson

Stonefields

40 Styak St:
Features: terrace, 3 bedrooms, 2 bathrooms (ensuite in master bedroom), private courtyard
Outcome: sold for $1.01 million
Agents: Lauren Andreoli

Attribution: Auctions.

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Updated: Heritage apartment sells, Celestion commercial space & 5 other apartments passed in, 2 sell post-auction

Published 27 June 2014, updated 30 June:
Only one apartment out of the 7 properties offered at Ray White City Apartments’ auction yesterday was sold under the hammer. [Update: 2 more, in the Beaumont Quarter & HarbourCity, sold post-auction.]

That unit was in the Heritage Farmers. One that attracted more serious bidding than it would have a couple of years ago, when it was leasehold, was a one-bedroom apartment in the Beaumont Quarter.

One of those passed in was a commercial space in the Waldorf Celestion apartment building running between the foot of Anzac Avenue & Emily Place on the cbd’s eastern fringe, bought a year ago for a chess centre.

Another 2 were in the Rosedale Apartments at the corner of William Pickering Drive, on the northern edge of the Rosedale business area’s western half on the North Shore.

CBD

Beaumont Quarter

Updated: 22 Fisher Point Drive, unit 109:
Features: freehold 66m², fully furnished one bedroom, secure parking space
Outgoings: rates $1216/year including gst; body corp levy $4312/year
Income assessment: $440/week
Outcome: passed in at $394,000, sold post-auction for $394,000
Agents: Dusan Valenta

Learning Quarter

The Quadrant, 10 Waterloo Quadrant, unit 1910:
Features: 32m², furnished one bedroom, balcony
Outgoings: rates $2283/year including gst; body corp levy $4119/year based on proposed budget
Income assessment: $16,720/year + gst, in hotel pool
Outcome: passed in at $212,500
Agents: Damian Piggin & Daniel Horrobin

Waldorf Celestion Apartments, 30 Emily Place:
Features: 168m² vacant commercial space in a predominantly apartment building, 3 toilets
Outgoings: rates $5613/year including gst; body corp levy $5125/year
Income assessment: not given
Outcome: passed in at $150,000 + gst
Agents: Michelle & Judi Yurak

Queen St valley

Updated: HarbourCity, 16 Gore St, unit 17E:
Features: 38m², one bedroom; the body corporate & unit owners filed a High Court claim in March against Auckland Council & 11 contractors alleging building defects are causing leaks & damage
Outgoings: rates $952/year including gst; body corp levy $3139/year + water & gas
Income assessment: $350-370/week unfurnished, $370-400/week furnished
Outcome: passed in at $196,000, sold post-auction for $202,000
Agents: Adele Keane & Krister Samuel

Victoria Quarter

Heritage Farmers, 35 Hobson St, unit 501:
Features: 61m², fully furnished one bedroom, parking space
Outgoings: rates $1293/year including gst; body corp levy $9342/year
Income assessment: $550-600/week
Outcome: sold for $290,000
Agents: James Mairs & Marcus Fava

North-east

Rosedale

The Rosedale, 372 Rosedale Rd, units 3 & 8:
Features: both 42m² with 16m² balcony, next to suburban retail & hospitality centre
Outgoings: rates $1121/year each including gst; body corp levy $1435/year (unit 3), $1410/year (unit 8)
Income assessment: $360/week each
Outcome: no bid on either unit when offered separately, passed in at vendor bid of $400,000 for both
Agent: Iliana Dobby

Attribution: Auction.

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Beaumont leasehold plus 2 Tower Hill units sell at auction

A leasehold unit in the Beaumont Quarter was sold at Barfoot & Thompson’s mortgagee auction yesterday.

2 units in the Tower Hill apartment block were also sold under the hammer.

CBD

Beaumont Quarter

22 Fisher Point Drive, unit 308:
Features: leasehold, mortgagee auction, one bedroom, parking space
Outgoings: not given
Income assessment: not given
Outcome: sold for $90,000
Agent: Paul Humphries & Philip Davis

Learning Quarter

Tower Hill, 1 Emily Place, unit 4C:
Features: 2 bedrooms, deck, storage locker, parking space with internal access
Outgoings: body corp levy $4740/year
Income assessment: not given
Outcome: sold for $552,000
Agent: Alan Vessey

Tower Hill, 1 Emily Place, unit 7G:
Features: 51m², one bedroom
Outgoings: body corp levy $3047/year
Income assessment: not given
Outcome: sold for $366,000
Agent: Aaron Cook

Attribution: Auction.

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Beaumont Quarter hotel gets consent

Published 15 October 2012

Commissioners have granted consent for a 5-storey hotel to be built at the entrance to the Beaumont Quarter, across Beaumont St from Victoria Park.

The proposal by Beaumont Trading Co Ltd (Robert Neil) is for a 34-unit unlicensed Quest hotel with a 54m² ground-floor café and a total gross floor area of 1537m² on its 5 floors. Rooms would be 30-50m² in a mix of studios & one-bedroom units, and the building would act as a portal to the internal residential quarter, being constructed over the entrance to Fisher Point Drive.

The application went to a hearing before commissioners David Kirkpatrick (chairman), David Mead & local board member Faye Storer on 3-4 September and the decision, released last week, was dated 5 October.

The hearing panel noted that the site was a residual one left over after residential development in the Beaumont Quarter was completed in 2005. The whole development is in the mixed-use zone and a 4-storey office building had earlier been planned for this streetfront site.

The panel said development of a tourist complex was generally appropriate in the mixed used zone: “In particular, we find no sound resource management reason why a tourist complex would be incompatible with the neighbouring residential development in the Beaumont Quarter, or other activities in the vicinity of the site.”

The lift tower will go 150mm over the zone’s 15m height limit, but the panel said this was a minimal breach. The basic floor:area ratio is 2:1, but the building will contain 1537m² on the 423m² site, a ratio of 3.56:1. The commissioners saw no problem with that.

“Submitters raised a number of adverse effects from the additional floor area. These included the loss of views from the development out to Victoria Park, loss of views to the city skyline, and dominance of the internal street environment (Fisher Point Drive). Also raised were privacy & overlooking issues, given the proximity of the visitor units to neighbouring residential units. Here, the effects of the additional floor area sought are the most contentious.

“To begin with, we note that the site is zoned mixed use, as is the remainder of the Beaumont Quarter. This zoning influences what level of amenity residents can expect the district plan to provide for them. The mixed-use zone is set out in the business section of the isthmus section of the Auckland district plan, which is a high-level signal as to the outcome.

“The plan describes the environment to be provided as being different from a residential or business area. In our interpretation, this can be taken to mean an environment that sits midway between a residential and a business (not industrial) environment.

“The plan’s provisions do not make any specific reference to protecting views or outlook. The plan’s development controls for the mixed-use zone offer only a basic level of protection for residential amenity. For example, there has to be a 6m minimum separation between windows of habitable rooms within opposing residential units. Fisher Point Drive is a private road (subject to public easement) and, while an important open space area for the development, is different from a normal public street within other mixed-use-zoned areas because of its limited use by general members of the public.

“The reduction of the view out from Fisher Point Drive to Victoria Park could result from a development that complies with the basic floor:area ratio provided for by the plan.”

Existing residents aired concerns that the hotel would increase security issues, partly through the presence of hotel guests and partly by closing off the northern part of Fisher Point Drive from view from Beaumont St & beyond.

However, the panel said: “We do not think that any security issue is likely to arise from the presence of hotel guests. In terms of views from the street, and the evidence which we heard, we think it more likely that the construction of the hotel will reduce the extent to which the general public may enter this part of the Beaumont Quarter, which we think would improve security in this area. We note that the Beaumont Quarter has a full-time on-site manager who has the benefit of a network of security cameras already in place. We do not consider that there is any need to impose any conditions in relation to security.”

Earlier stories:

4 September 2012: Beaumont hotel application all but won as main opposition switches to conditions

20 April 2012: Developer fumes as council planners give Beaumont Quarter hotel positive report but committee decides on full notification

 

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Attribution: Decision, story written by Bob Dey for the Bob Dey Property Report.

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Beaumont hotel application all but won as main opposition switches to conditions

Published 4 September 2012

An application to build a hotel on the street frontage of the Beaumont Quarter has been all but won after key opponent, the residents’ society, focused on conditions at the consent hearing yesterday rather than outright opposition.

There was still opposition from some residents, but the 473m² site on the Beaumont St frontage had already received consent for a similarly sized office building in the development’s early days.

The proposal by Beaumont Trading Co Ltd (Robert Neil) is for a 34-unit unlicensed Quest hotel with a 54m² ground-floor café and a total gross floor area of 1537m² on its 5 floors. Rooms would be 30-50m² in a mix of studios & one-bedroom units, and the building would act as a portal to the internal residential quarter, being constructed over the entrance to Fisher Point Drive.

Counsel for the residents’ society, Jeremy Brabant, accepted that a mixed-use zone was “exactly that”. Nonetheless, he said, the potential impact of a new & potentially incompatible activity where a significant residential development was already in place “should be looked at keenly and robust conditions of consent put in place”.

The hotel proposal is for a floor:area ratio of 3.56:1, where the permitted ratio is 2:1 and the maximum allowed 4:1. Counsel for Beaumont Trading, Russell Bartlett, said maximising development at 2:1 around the cbd fringe “would represent the antithesis of sustainable development” when the higher objectives of the regional policy statement, operative council plan and likelihood of greater provision in the forthcoming unitary plan for greater urban intensification were considered.

Mr Bartlett told the hearing panel the mixed-use zone was a business zone, much of it spun off from the former business 4 zone as a result of the former Auckland City Council “undertaking a fine-grained assessment to determine which parts of its non-cbd business land were best suited to incorporate residential activity without unduly impeding existing or future business uses.

“The mixed-use objectives, policies & rules were constructed in a way which did not establish any prescriptive ratios favouring one activity over the other. They permit mixed-use buildings and mixed-use precincts.

“If some Beaumont Quarter residents think they live in a residential zone where there is a presumption that commercial activity will be excluded, or at least treated as an unwelcome intrusion, that uninformed & incorrect approach cannot limit my client’s rights or influence your deliberations.”

One remaining point of contention, however, is the amount of parking provided for. Outside the cbd, a tourist complex such as this would require 40 parking spaces plus a loading bay, whereas inside the cbd the council would require no parking. The applicant proposes no loading bay, 2 onsite parking spaces for offloading and 10 spaces at the neighbouring Victory Christian Church.

Onsite manager Ulf Behncke said the 2 onsite spaces would have to cope with 6 different activities, including loading, unloading, deliveries & rubbish collection, and that shuttle buses usually came with a trailer attached.

Neighbours Anthony & Susan Brown said occupants of the hotel would be able to look right into their bedrooms & living space. “Everybody’s been focused on the developer’s right to develop. Little attention has been given to the effect on the people in the community surrounding development,” Mr Brown said.

Mrs Brown said the evidence suggested no one had come to look at their house to see the impact: “It was suggested they would look at utility areas.” She said the Beaumont Quarter, developed by Nigel McKenna, “has a lot to offer to posterity in architectural merit” and asked whether Aucklanders really cared about that or were happy to lower the quarter’s quality with something “completely out of character with the original development – it is ugly, it resembles nothing more than a car battery”.

The hearing, before commissioners David Kirkpatrick (chairman), David Mead & local board member Faye Storer, will end with closing submissions today.

Earlier story:

20 April 2012: Developer fumes as council planners give Beaumont Quarter hotel positive report but committee decides on full notification

 

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Attribution: Hearing, story written by Bob Dey for the Bob Dey Property Report.

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Developer fumes as council planners give Beaumont Quarter hotel positive report but committee decides on full notification

Published 20 April 2012

Hotel developer Robert Neil said today he’d drop Auckland from his programme after the Auckland Council’s hearings committee scored a 10 out of 10 for difficulty and voted to fully notify the proposal for a Quest hotel in the Beaumont Quarter.

More than 260 pages of the committee’s agenda today were devoted to the application by Mr Neil’s Beaumont Trading Co Ltd to build a 5-level 34-room Quest hotel & 54m² café, although the only matter up for discussion was whether to notify the application, put it out to limited notification or not notify it at all.

The material before the committee included correspondence, plans & expert reports, and outlined how the entrance to Fisher Point Drive would be realigned, and the drive moved 4.5m north to where it was supposed to have built.

Council planner Jonathan Blackmore said council traffic consultant Ian Constable estimated the hotel would generate 20-25 traffic movements/hour, not significant against 1500-2000 traffic movements/hour on Beaumont St at peak times. Hotel parking would be available in the neighbouring Victory Church’s commercial carpark.

That report was peer-reviewed for the council by Traffic Design Group, which generally concurred with Mr Constable and the applicant’s own traffic engineering advice. It was also reviewed by the council’s urban design panel. Council urban designer Gabriel Seo concluded the developer’s changes had met all the concerns raised by the panel.

Mr Blackmore said in his report Mr Neil had corresponded with & met the Beaumont Quarter Residents Society, but the society apparently stopped communicating with Mr Neil last November. Auckland Central MP Nikki Kay had also told the council residents had expressed their concerns to her, while Waitemata & Hauraki Gulf ward councillor Mike Lee called for the council to decline the application or require limited notification of Beaumont Quarter residents.

Cllr Penny Webster told the committee she preferred not to notify applications, but some parties needed to be involved in this one. They included Auckland Transport, the NZ Transport Agency (access to the hotel would be a few metres from the entry to the road to the harbour bridge) and the owners of the heritage commercial building at the Beaumont Quarter (ex-Auckland Gas Co Ltd office).

Although Mr Neil had arranged to use the church parking, Cllr Wayne Walker was concerned there was no signoff from the church, and Maori Independent Statutory Board member David Taipari wanted to know, as the limited notification list started to grow: “Who else is out there?” He advocated full notification.

In the end, the committee voted for full notification, with only committee chairman Noelene Raffills supporting limited notification.

Outside the meeting, Mr Neil said he’d taken 10 months to provide the council with full detail and get through most of the planning process. But he said: “If they don’t want us to develop in town we’ll go elsewhere. Today I believe they should have taken some guidance out of what the planners said. The planners endorsed it after a rigorous process.

“I was going unconditional on Monday on 20 Poynton Terrace, behind St Kevin’s Arcade on Karangahape Rd. It’s 9 storeys, 30 Quest rooms & 8 penthouse apartments, exactly what the city wants & needs.

“Compared to this, for Quest Hamilton, on the corner of London & Victoria Sts in the cbd, we started in March 2011, went unconditional in April, had the town planning & Historic Places Trust consents all signed off in June. I’m off to Rotorua now, all the consents for the Quest hotel there are in place.”

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Attribution: Council committee meeting & agenda, interview, story written by Bob Dey for the Bob Dey Property Report.

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Innovus continues Beaumont Quarter selldown

Published 1 September 2011

Innovus (Beaumont) Ltd sold another unit in Melview Developments Ltd’s Beaumont Quarter at auction today.

Innovus (Craig Greenwood, Richard Stilwell & Shannon Walsh) bought the underlying land interest in 2009 and introduced a scheme for unit owners to freehold their properties, with prices ranging from $170-250,000. 55% took the offer up in the first 3 months, leaving Innovus with a small portfolio which it’s been trickling on to the market.

Beaumont Quarter

8 Fisher Pt Drive, unit 1A, freehold, 97m² including front & rear decks, 2 bedrooms, tandem parking, sold unconditionally for $415,000 (Trent Quinton).

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Attribution: Auction, story written by Bob Dey for the Bob Dey Property Report.

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Freehold Beaumont Quarter unit sells

Published 13 July 2011

A unit in the middle of the Beaumont Quarter development at the foot of St Marys Bay sold at Kellands’ onsite auction today. It’s one of the many in the Melview development whose owners bought the freehold after the opportunity arose at the end of 2009.

Before Innovus (Beaumont) Ltd (Craig Greenwood, Richard Stilwell & Shannon Walsh) bought the underlying land interest in 2009, leasehold units in the Beaumont Quarter couldn’t be given away. Innovus introduced a scheme for unit owners to freehold their properties, with prices ranging from $170-250,000, and 55% took the offer up in the first 3 months. Auction result:

Beaumont Quarter, 15 Brickfield Way, freehold 103m², 2 bedrooms, terrace, secure parking space, rates & body corp levy $5539/year, sold for $536,000 (Matt Baird).

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Attribution: Auction, story written by Bob Dey for the Bob Dey Property Report.

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First freehold sales at Beaumont Quarter

Published 30 April 2010, some figures in third paragraph corrected shortly after posting

The first sales of newly freeholded Beaumont Quarter apartments are under way, and at reasonably strong prices.

 

Kellands Real Estate salesmen Matt Baird & Blair Watson have sold one, with a second due to go unconditional today. After the reluctance of buyers to even look at Beaumont Quarter units last year, Mr Baird said they received offers in the first week on the first units they’ve taken to market.

 

The first one sold was a 78m²2-bedroom loft with one parking space, sold for $475,000. The second, 103m² including courtyard (93m² internal space), is due to sell in the high $500,000s, including parking worth about $40-50,000.

 

Melview Developments Ltd (Nigel McKenna) developed the Beaumont Quarter on the Auckland Gas Co’s former headquarters site across Beaumont St from Victoria Park. But, in a market where leasehold won itself a bad name for some high-percentage lease reviews, Beaumont Quarter prices were slashed.

 

Beaumont Partners Ltd (Francis brothers Mark & Chris, through Augusta Funds Management Ltd) bought the underlying land interest in 2007 to put it into long-term ownership parcels, but that concept was defeated by the global financial crisis & slump in property prices.

 

That underlying land interest was taken to tender last year and bought by Innovus (Beaumont) Ltd (Craig Greenwood, Richard Stilwell & Shannon Walsh), which proposed offering the leasehold unit owners freehold title.

 

In an uncertain market last year, Beaumont Quarter units were being passed in at auction with no bids, and before the paperwork was completed for the freeholding exercise to happen prices remained low. At a City Sales auction in February, a 68m² 2-bedroom with tandem parking space was passed in at $65,000. The ground rent on it was just over $11,000/year and the price to freehold it was $232,000.

 

In March, 55% of the unit owners took up an option to buy the freehold from Innovus, leaving the rest in Innovus’ hands. That exercise converted 258 individual titles for units & parking spaces from leasehold to freehold.

 

The remaining leasehold owners have a one-year period to either buy their freehold title from Innovus, sell on the open market without having to fund the freehold and with the purchaser settling directly with Innovus, or remain as a leasehold owner. The next lease rent review is in March 2015.

 

The price to freehold ranges from $170-250,000.

 

Mr Baird said rents had gone up as a consequence of the changed environment, but hadn’t absorbed all the 300% increase in ground rent resulting from Beaumont Partners’ negotiations.

 

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Attribution: Interview, story written by Bob Dey for the Bob Dey Property Report.

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