Archive | CBD east

4 apartments sell at Barfoots

4 central city apartments sold under the hammer at Barfoot & Thompson’s auction this morning, out of 8 on offer.

Image at top: The Columbia on Nelson.

CBD

CBD east

UniLodge, 133 Beach Rd, unit 207:
Features: leasehold, studio
Outgoings: body corp levy $4489/year
Outcome: passed in at $35,000 + gst
Agents: Wendy Feng & Jack Li

Commerce/Gore

HarbourCity, 16 Gore St, unit 16B:
Features: 2 bedrooms, 2 bathrooms
Outgoings: body corp levy $3390/year excluding water & gas, special
Outcome: no bid
Agent: Jason Buckwell

HarbourCity, 16 Gore St, unit 24G:
Features: m², 2 bedrooms
Outcome: withdrawn from auction, on market at $440,000
Agents: Wendy Feng & Jack Li

Learning Quarter

St Pauls, 4 St Paul St, unit 11A:
Features: m², one bedroom, offered as is, buyer to pay future remediation costs
Outgoings: body corp levy $4133/year
Income assessment: $350/week
Outcome: no bid
Agents: Stephen Shin & Richard Han

Queen St

CityLife, 171 Queen St, unit 1410:
Features: 48m², one bedroom
Outgoings: body corp levy $6104/year
Income assessment: out of hotel pool
Outcome: no bid
Agent: Raymond Zhang

Uptown

Chatham, 70 Pitt St, unit 605:
Features: 72m², 2 bedrooms, 2 bathrooms, 12m² balcony, parking space, storage locker
Outgoings: body corp levy $6297/year
Outcome: sold for $750,500
Agents: Stephen & Leo Shin

Victoria Quarter

Imperial Gardens, 135 Hobson St, unit 305:
Features: one bedroom
Outgoings: body corp levy $2370/year, remedial levies paid
Income assessment: $360/week
Outcome: sold for $180,500
Agents: Stephen Shin & Richard Han

Columbia on Nelson, 15 Nelson St, unit 4I (pictured):
Features: 54m², furnished one bedroom, secure parking space, remediation complete
Outgoings: body corp levy $3319/year
Outcome: sold for $524,000
Agents: Livia Li & Alan Guo

Zest, 72 Nelson St, unit 330:
Features: refurbished 2 bedrooms,
Outgoings: rates $1126/year including gst; body corp levy $3550/year
Income assessment: $480-500/week
Outcome: sold for $359,000
Agents: Stephen Shin & Yasu Ka

Attribution: Auction.

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Green light for Antipodean construction

Construction will start in July on the Antipodean apartment building at 39 Beach Rd.

The development by Paul Doole will have 161 apartments. The green light for a construction start followed the signing of 100 contracts through Barfoot & Thompson Projects.

The property is on freehold land across the road from the leasehold Scene 3, so upper levels of the 50m building will have an unobstructed view to the harbour over the Scene units on Quay Park, where there’s a 30m height limit.

One-third of the units in the development are “up-&-over” maisonettes, apartments on 2 levels with a bedroom on each level and living space on the upper level. A separate one-bedroom unit slots into the rest of the space on the lower level.

A feature right across the 65m-wide building is that all apartments will have wide frontages, all with balconies. Internal sizes range from 32m² studios and 41m² one-bedroom units through 64m² for some one-bedroom units, 81-85m² for single-level 2-bedroom units, 90m² for the maisonettes, up to a small selection of 126m² 3-bedroom units. Balconies will range from 6m² for the studios up to 49m² on some of the upper-level maisonettes. The units were priced in a range of $10-15,000/m² plus parking, with 2.7m stud heights throughout.

Earlier story:
9 November 2015: Antipodean brings an unusual mix to Beach Rd

Attribution: Agency release.

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3.6% yield in Newmarket leads Bayleys’ 9 Greater Auckland sales

Bayleys sold 6 properties under the hammer at its Greater Auckland auction yesterday and another 3 prior – the last under that banner before it becomes part of the Total Property series.

A building on Morrow St, Newmarket, went on the market at $4.725 million and sold after about 70 bids at $6.125 million, at a 3.57% yield. It was the property people had come to see – the packed auctionroom began to empty, except there was more action with the next lot on the list, a shop in Rialto, around the corner on Broadway. That sold at a 5.2% yield.

Usually at these auctions interest dwindles towards the end, but the list was shorter than most in the Greater Auckland series have been and the final offering, a vacant retail unit in Papatoetoe, brought on a bidding battle between 3 local investors. The property went on the market at $710,000 and sold after about 60 bids at $871,000.

CBD

CBD eastern fringe

31 Beach Rd:
Features: 288m² building on development site adjoining site of proposed Antipodean apartments; under the proposed unitary plan, the height limit would be 50m
Rent: $85,000/year holding income
Outcome: passed in at $2.45 million
Agents: Oscar Kuang & James Chan

Queen St

Mid-City, 239 Queen St, unit 2D:
Features: 242.4m² in 2 tenancies – 150.9m² yum cha restaurant, balance vacant, chattels valued at over $200,000 included in sale
Rent: partly tenanted with income of $31,000/year net + gst
Outcome: withdrawn from auction
Agent: Millie Liang

Isthmus east

Epsom

561-563 Manukau Rd & 2B Empire Rd:
Features: 3 buildings on 410m² corner site, 376m² floor area – 2-storey weatherboard building, retail on street, one-bedroom flat above; 2-storey office building on side street, 7 parking spaces; proposed unitary plan would increase potential to 16m height in double Grammar zone
Outcome: sold for $2.175 million
Agents: Damien Bullick & Alan Haydock

Newmarket

Cotton On in the Rialto, Newmarket Broadway.

Cotton On in the Rialto, Newmarket Broadway.

Rialto, 153 Broadway, unit 1G:
Features: 187m² shop in Rialto tenanted by Cotton On on 8-year lease from September 2015
Rent: $158,780/year net
Outcome: sold for $3.05 million
Agents: James Chan & Matt Lee

34 Morrow St:
Features: 754m² corner site across Morrow St from the rear of the Westfield 277 Broadway mall, where extension is planned, mixed-use zoning, 601m² floor area, 2 levels of retail & showroom, 10 parking spaces
Rent: $218,820/year + gst, fully leased
Outcome: sold for $6.125 million at a 3.57% yield
Agents: Kate Kirby

Onehunga

157 Neilson St:
Features: 1066m² site, 672m² building, 492m² high-stud warehouse, 69m² office/reception area, 111m² mezzanine, multiple roller doors
Outcome: sold prior for $1.175 million
Agents: James Valintine & Sunil Bhana (in conjunction with CBRE)

104 Princes St:
Features: 1204m² site, 770m² commercial/light industrial building – 100m² refurbished office, 670m² high stud warehouse
Outcome: passed in at $1.25 million
Agents: James Valintine & Mike Adams

Isthmus west

Grey Lynn

8 Newton Rd:
Features: 304m² site, 318m² total floor area, New York loft-style apartment upstairs, commercial possibilities downstairs, seismic rating 70% new building standard
Outcome: passed in at $1.4 million
Agents: Tonia Robertson & James Chan

North-east

Albany

6 Omega St, unit 2:
Features: 168m² ground-floor office, 3 exclusive parking spaces
Outcome: no bid
Agents: Ranjan Unka & Dean Gilbert-Smith

Silverdale

32 Forge Rd, unit E:
Features: 334m² warehouse & office unit, 7m stud
Outcome: sold prior for $650,000
Agents: Rosemary Wakeman & Ashton Geissler

North-west

New Lynn

7 Portage Rd:
Features: 2404m² site, 1164m² warehouse & office building
Outcome: sold vacant to owner-occupier for $2.4 million
Agents: Mike Adams & James Appleby

South

East Tamaki

333 East Tamaki Rd, unit B:
Features: 420m² office, showroom & warehouse, versatile configuration, 2 roller doors at front & rear, 7 parking spaces
Outcome: sold prior for $780,000
Agents: Katie Wu & John Bolton

41 Trugood Drive, unit 1:
Features: 867m² industrial unit, high stud warehousing, leased to Anzor Fasteners Ltd for 12 years from March 2008 with 2 4-year rights of renewal, 12 parking spaces
Rent: $141,580/year net + gst + opex
Outcome: sold for $2.32 million at a 6.1% yield
Agents: Matt Mimmack & Jamsheed Sidhwa

Papatoetoe

39 East Tamaki Rd, Papatoetoe.

39 East Tamaki Rd, Papatoetoe.

39 East Tamaki Rd, unit B:
Features: vacant 360m² retail unit (outlined), building has seismic rating of 70% new building standard, onsite parking
Outcome: sold for $871,000
Agents: Tony Chaudhary & Janak Darji

Waiuku

57 Queen St:
Features: 2016m² site, standalone building, 2 tenants, 25 parking spaces
Rent: $67,353/year net + gst
Outcome: passed in at $850,000
Agent: Stuart Bode

Attribution: Auction.

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7 units sold in 2 days at Barfoot auctions

Barfoot & Thompson’s new 10am Thursday slot for apartment auctions went quiet today, with 2 units sold prior and the third on the list passed in.

At its auctions on Wednesday, the agency sold 5 apartments, townhouses & flats. Out of 18 residential properties offered at those 2 sessions, 10 were sold under the hammer – among them, a unit in the Bay Terraces, developed by Dr Robert Donald on the Mission Bay waterfront 25 years ago.

CBD

CBD east

The Beach, 85 Beach Rd, unit 403:
Features: 43m², one bedroom, balcony
Outcome: sold prior
Agents: Aaron Cook & Betty Shao

Queen St

Portland Towers, 62 Queen St, unit 7D:
Features: one bedroom, large deck
Outcome: sold prior
Agents: Stephen & Leo Shin

Victoria Quarter

Hobson Apartments, 196 Hobson St, unit 11A:
Features: 290m², 3 bedrooms, 3 ensuites + guest toilet, study, balcony, 4 parking spaces
Outcome: passed in
Agents: Annie Xu & Sean Zhang

Isthmus east

Mission Bay

Bay Terraces, 43 Tamaki Drive, unit 2:
Features: ground floor, 2 bedrooms, double garage
Outgoings: rates $2993/year including gst; body corp levy $8986/year
Outcome: sold for $1.4 million
Agent: Nick Travaglia

Onehunga

115 Church St, unit 6:
Features: 166m² flat, 4 bedrooms, ensuite + second bathroom, deck, internal entry double garage + 2 carports
Outcome: sold for $786,000
Agents: Yi Wei Lowndes & Tian Qiu

38 Princes St, unit 2B
Features: 3 bedrooms, 2 bathrooms, deck, 2 secure parking spaces
Outcome: sold for $530,000
Agents: Carol Fraser & Ivy Wong

Stonefields

155 Stonefields Avenue:
Features: 216m² terrace on 200m² section, 4 bedrooms, 2 bathrooms, patio, internal-access double garage
Outcome: sold for $1.19 million
Agent: Kelly Midwood

Isthmus west

Mt Eden

400 Mt Eden Rd, units 1 & 3:
Features: each unit has 2 bedrooms
Outcome: each unit sold for $650,000
Agents: Diana Buczkowski & Christina Wang

Attribution: Auctions.

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Bayleys agents sign 9 sales & 13 leases

Bayleys agents have signed 9 sales & 13 leases in the cbd to finish the year off in style. They include apartment management rights & several land sales on the eastern fringe, and a number of smaller leases sprinkled around the cbd.

CBD sales:

Albert St

17 Albert St, unit 10C:
Features: 98moffice.
Outcome: sold vacant for $300,000
Agent: Andrew Wallace

CBD east

16-22 Anzac Avenue:
Features: Tasman House, 2556m2 8-level office building on 410m2 SMA2-zoned site, mix of short-term tenancies, one floor vacant
Rent: $387,853/year net + gst
Outcome: sold for $6.4 million at a 6.1% yield, purchaser plans to redevelop into either upgraded office space or student accommodation
Agent: Nigel McNeill

29 Beach Rd:
Features: 245m2 development site, 3-level commercial building with short-term tenancies; current SMA2 zoning will be enhanced under the proposed unitary plan with increased height limit of 50m & 4:1 site coverage
Outcome: sold for $2.55 million at a land value of $10,408/m2
Agent: Nigel McNeill

85 Beach Rd, unit G:
Features: 420m2 retail outlet
Outcome: sold vacant for $1.18 million
Agents: Phil Haydock & Jean-Paul Smit

163-165 Beach Rd (pictured):
Features: 1330m2 site, one-level 1162m2 warehouse split into 2 occupied tenancies; current SMA2 zoning, proposed unitary plan will increase height limit to 30m and allow 4:1 site coverage
Rent: $233,243/year net + gst holding income from 2 tenants
Outcome: sold for $6.7 million at $5058/m2 land value & 3.5% yield
Agents: Nigel McNeill & Colin McKenna

Learning Quarter

82A Symonds St:
Features: 128m2 office unit
Outcome: sold vacant for $700,000
Agents: Kate Kirby & Stephen Scott

Quay Park

30 Beach Rd:
Features: Management rights for Scene 3 apartments complex comprising 163 leasehold apartments, 104 managed units on long-term residential rental leases with 100% occupancy, 3 commercial units, 156m2 manager’s residence, 12mmanager’s office & 4 parking spaces
Management revenue: $115,136.45/year
Outcome: sold for $1.46 million
Agents: Paul Dixon & John Greenwood

Queen St

300 Queen St, units 5E & 6A:
Features: 114m2 & 95m2 offices
Outcome: sold vacant for $660,000
Agent: Millie Liang

Victoria Quarter

192 Victoria St West, unit 5:
Features: 144m2 office unit split over 2 levels, parking space
Outcome: sold with vacant possession for $530,000
Agents: Andrew Wallace & Cameron Melhuish

CBD leases

Albert St

63 Albert St, part level 12:
Features: 204moffice leased at $350/m2, annual rent reviews to CPI
Rent: $71,456/year net + gst
Agent: Brendan Graves

Commerce St

8 Commerce St, shop 8:
Features: 90mleased for 6 years at $1222.22/m2, one 6-year right of renewal
Rent: $110,000/year net + gst
Agent: Sarah Boles

Federal St

Telco Building, 16 Kingston St, level 9 (corner Federal St):
Features: 197moffice lease renewed at $371/m2 gross, plus one parking space, for 3 years from January 2016
Rent: $78,194/year gross + gst (including parking space @ $96.5 a week)
Agent: Matt Gordon

High St

5-7 High St:
Features: 30mcafe lease assigned until August 2020 at $1333/m2 with one 6-year right of renewal
Rent: $40,000/year net + gst
Agent: Sarah Boles

42C High St:
Features: 113mretail unit leased for 5 years at average of $839/m2, 5 2-year rights of renewal
Rent: $95,000/year net + gst
Agent: Sarah Boles

Learning Quarter

90 Symonds St, part level 3:
Features: 230moffice leased at $200/m2, 4 parking spaces at $65/week for 3 years, 3%/year increase & one 3-year right of renewal
Rent: $59,546/year net + gst
Agent: Ben Wallace

Quay Park

15 Dockside Lane:
Features: 147moffice leased at $450/m2 gross, fixed 3%/year rent increases, 4 parking spaces
Rent: $81,750/year gross + gst (including parking spaces @ $75/week)
Agent: Brendan Graves

17 Dockside Lane:
Features: 123moffice leased at $400/m2 gross, fixed 3%/year rent increases, one parking space
Rent: $53,100/year gross + gst (including parking space @ $75/week)
Agent: Brendan Graves

Queen St

205 Queen St, part level 8:
Features: 193moffice leased at $320/m2, annual rent increases of 3%, plus parking space
Rent: $73,854.65/year net + gst (including parking space @ $140/week & fitout rent of $25/m2)
Agent: Brendan Graves

Shortland St

Blacketts Building, 1 Shortland St:
Features: 151m2 character office space
Rent: $60,000/year net + gst at $397/m2
Agents: Brendan Graves & Ben Wallace

Waterfront

Princes Wharf, Shed 19, level 2:
Features: 377moffice leased at $300/m2, fixed 3% annual increases for first 5 years of 9-year lease
Rent: $113,100/year net + gst
Agent: Robert Scott & James Appleby

10 Viaduct Harbour Avenue:
Features: 346moffice, lease terms confidential
Rent: $201,865/year net + gst (including $18,000 for deck & parking spaces)
Agents: Ben Wallace & Brendan Graves

14 Viaduct Harbour Avenue, level 1:
Features: 286moffice leased at $525/m2 gross for 3 years 6 months, 4 parking spaces (2 stacked/2 free access), annual 3% rent increases, no right of renewal
Rent: $168,455/year gross + gst (including parking spaces, 2 @ $100, 2 @ $75/week)
Agent: Stephen Scott

Attribution: Agency release.

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Updated: 5 apartments sell at City Sales

Published 17 September 2015, updated 18 September
5 of the 9 apartments auctioned at City Sales on Wednesday were sold under the hammer, including one of 2 Quay Park leasehold units. The other unit on Quay Park, at the Mirage (pictured), was sold yesterday.

CBD

Eastern fringe

The Beach, 85 Beach Rd, unit 207:
Features: 36m², furnished one bedroom, deck
Outgoings: rates $1138/year including gst; body corp levy $2183/year
Income assessment: $350/week current
Outcome: passed in at $250,000
Agents: Maryanne Wong & James Li

Kitchener St

Metropolis, 1 Courthouse Lane, unit 2403:
Features: 100m², 2 bedrooms, 2 bathrooms, 2 decks, parking space
Outgoings: rates $2582/year including gst; body corp levy $13,464/year
Income assessment: $1150-1350/week
Outcome: sold for $1.031 million
Agent: Iona Rodrigues

Learning Quarter

Tetra House, 85 Wakefield St, unit 913:
Features: 39m², fully furnished one bedroom, 2 bathrooms
Outgoings: rates $1138/year including gst; body corp levy $4796/year
Income assessment: $400-420/week
Outcome: passed in at $241,000
Agent: Iona Rodrigues

The Quadrant, 10 Waterloo Quadrant, unit 1223:
Features: 22m² studio, deck
Outgoings: rates $2175/year including gst; body corp levy $2834/year
Outcome: sold for $240,000
Agent: Georgia Featherstone

The Quadrant, 10 Waterloo Quadrant, unit 1809:
Features: 22m² furnished studio, deck
Outgoings: rates $2261/year including gst; body corp levy $3010/year
Outcome: passed in at $180,000 + gst
Agent: Maryanne Wong

The Whitaker, 2 Whitaker Place. unit 8B:
Features: 33m² studio, parking space
Outgoings: rates $1077/year including gst; body corp levy $4684/year
Outcome: sold for $276,500
Agent: Chris Bell

Quay Park

Hudson Brown, 57 Mahuhu Crescent, unit 226:
Features: leasehold, 75m², 2 bedrooms, parking space, storage locker
Outgoings: rates $1644/year including gst; body corp levy $8813/year, ground rent 65.42% of annual levies
Outcome: sold for $242,000
Agent: Tony Kelly

Updated: Mirage, 86 The Strand, unit 305:
Features: leasehold, 40m², one bedroom, deck, parking space, storage locker
Outgoings: rates $1434/year including gst; body corp levy $6153/year – operational $3787, ground rent $2367
Outcome: passed in at vendor bid of $200,000, sold Thursday for $210,000
Agent: Gabrielle Hofmann

Isthmus east

Grafton

Citta, 184 Symonds St, unit 228:
Features: 33m² studio, parking space
Outgoings: rates $1081/year including gst; body corp levy $2472/year
Outcome: sold for $280,000
Agent: Lucy Piatov

Attribution: Auction.

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Landmarks & development sites among $70 million of sales

Bayleys Real Estate has sold 14 properties for nearly $70 million outside the auction process from its latest Total Property portfolio, launched in July.

They include Auckland landmarks such as the former New Art Gallery, now the X Gallery (above), on the corner of Lorne St & Wellesley St East, and Mollies boutique hotel in Herne Bay.

CBD

Eastern fringe

151 Beach Rd, on the eastern fringe of the cbd.

151 Beach Rd, on the eastern fringe of the cbd.

151 Beach Rd:
Features: 1032m² site zoned strategic management area 2, 50m height limit under proposed unitary plan, 1829m² floor area on 2 levels
Rent: holding income of $278,212/year + gst
Outcome: sold to a developer for $6.8 million at $6589/m²
Agents: Nigel McNeill & Colin McKenna

Lorne St

X Gallery, 18-26 Wellesley St East:
Features: 1032m2 site on Lorne St corner through to Khartoum Place, the 2712mX Gallery heritage building, refurbished into character retail & office space and fully leased to 12 tenants
Rent: $1.718 million + gst
Outcome: sold for confidential sum
Agents: Robert Platt & Colin McKenna in conjunction with Barfoot & Thompson

Isthmus east

Epsom

107 Great South Rd, unit C:
Features: 253m2 top floor of 3-level office building, leased for 4 years from February 2015 to tax advisors
Rent: $71,073/year net + gst
Outcome: sold for $1,040,013 at a 6.8% yield
Agents: Tony Chaudhary, Janak Darji & Amy Weng

Penrose

24 Greenpark Drive:
Features: 2704m² bare industrial site
Outcome: sold with vacant possession for $1.5 million at $623/m²
Agents: James Valintine & James Hill

Isthmus west

Eden Terrace

9-13 Exmouth St, Eden Terrace.

9-13 Exmouth St, Eden Terrace.

9-13 Exmouth St:
Features: 1322m² site zoned mixed use, 2125m² warehouse leased back to the vendor for one year with 2 6-month rights of renewal
Rent: $285,000/year net + gst
Outcome: sold for $4.3 million at a 6.6% yield
Agents: Paul Dixon, Alan Haydock & Damien Bullick

75 France St South:
Features: refurbished 571m² 2-level office building with final 5-year right of renewal to German multinational Brentagg until May 2020
Rent: $130,000/year net + gst
Outcome: sold for $1.848 million at a 7% yield
Agents: Cameron Melhuish & Andrew Wallace

Grey Lynn

252-258 Great North Rd:
Features: 1002m² development site zoned mixed use, 15m height limit increased to 16.5m under proposed Auckland unitary plan
Rent: holding income of $74,160/year expiring September 2016
Outcome: sold for a confidential sum  
Agents: Cameron Melhuish & Andrew Wallace

Herne Bay

Mollies Hotel & adjoining villa in Herne Bay.

Mollies Hotel & adjoining villa in Herne Bay.

6 Tweed St:
Features: 2 dwellings on a 2905m² site, one 1360m² containing Mollies boutique hotel & function centre, the other a 239m² villa, joined by a connecting hallway
Rent: lease over the larger building to operator of the Mollies business at $283,000/year net + gst
Outcome: sold for $9.5 million
Agent: Alan Haydock

Mt Eden

25, 27, 29 Altham Avenue:
Features: 1518m² development site in 3 equal titles, mixed use zoning under proposed unitary plan
Rent: holding income of $60,000/year net + gst from vehicle storage lease
Outcome: sold for $3 million
Agents: Alan Haydock & Damien Bullick

South of the Bombays

Bay of Plenty

Rotorua

The Pukaki Centre, Rotorua.

The Pukaki Centre, Rotorua.

1144 Pukaki St:
Features: 5-storey 3653m²  Pukaki Centre office building on 1711m² cbd site, fully leased to 7 predominantly government tenants
Outcome: sold site unseen for $5 million at an 8.7% yield to an American who has bought a number of high yielding regional properties through Bayleys
Agents: Brendon Bradley, Mark Rendell & Mark Hourigan

Waihi Beach

127 Emerton Rd:
Features: 7693m² site that was a former motel property converted to a permanent residential & holiday home & caravan complex, with licence-to-occupy income streams
Outcome: sold for $1.2 million
Agents: Brendon & Lynn Bradley, Bayleys Tauranga

Wellington

Between the billboards, 76 Willis St, Te Aro.

Between the billboards, 76 Willis St, Te Aro.

CBD, 76 Willis St:
Features: 655m² mixed use building on 275m² site, ground-floor retail, first-level café, third-level apartment
Rent: $248,824/year net + gst
Outcome: sold for $3.3 million at a 7.5% yield
Agents: Fraser Press & Grant Young

Hataitai, 298-300 Evans Bay Parade:
Features: 2918m² site zoned business 1, 479m² building comprising 2 former dwellings with monthly lease to childcare centre licensed for 65 children
Outcome: sold for $890,000
Agents: Mark Walker & James Higgie

South Island

Canterbury

Hornby, 17 Halwyn Drive:
Features: 3404m² site, 1696m² modern industrial building, new 9-year lease to The Moving Co
Rent: $$210,600/year net + gst
Outcome: sold for $3.009 million at a 7% yield
Agents: Stewart White & Mark Hourigan

Attribution: Agency release.

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Rental car & van office for Beach Rd

Published 27 June 2007

Jurisdiction: Auckland City

 

Neighbourhood: CBD eastern fringe

 

Applicant: Tourism Holdings Ltd

 

Application: 155 Beach Rd, application for non-notified consent to establish a rental vehicle facility on the vacant ground floor of the 4-level building, which contains apartments in the 3 upper levels. Vehicles won’t be stored permanently in the building but will be transferred daily from the company’s Manukau branch.

 

The ground-floor (& mezzanine) were previously occupied by Smith & Smith Glass.

 

Recommendation to council planning fixtures committee: Planning consultant Sarah Scofield recommended consent

 

Decision: Non-notified consent was granted

 

Want to comment? Click on The new BD Central Forum or email [email protected].

 

Attribution: Council committee meeting & agenda, story written by Bob Dey for this website.

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Quay St bus lane extension

Published 25 June 2007

Work was to start today to prepare to extend bus lanes on Quay St from the east of the city into the cbd. The new citybound bus lanes, from Tangihua St to Commerce St, will operate from late July, between 6-10am weekdays.

 

Council transport & urban linkages committee chairman Richard Simpson said: “Buses often get held up in traffic where bus lanes stop at Tangihua St. The extension will mean quicker travel into the heart of the cbd, making bus travel more attractive to existing as well as potential bus commuters. Minor adjustments are being made to 3 kerbs along Quay St – at its intersections with Commerce, Gore & Tangihua Sts – to ensure buses can move easily along this extended route.”

 

The Quay St bus lane runs west of The Strand and will later be connected to bus lanes planned for Tamaki Drive. The existing stretch of bus lane will change from a 24-hour lane to the 6-10am weekdays timeframe.

 

Want to comment? Click on The new BD Central Forum or email [email protected].

 

Attribution: Council release, story written by Bob Dey for this website.

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BNZ signs with Mansons for 7600m² Quay Park building

Published 29 May 2007

The Bank of New Zealand has signed a development agreement with Mansons TCLM Ltd (Ted Manson & sons Culum, Luke & Mac) for a lowrise building in Quay Park.

The 4-storey 7600m² building has a completion date of early 2008. The bank will be the principal tenant, taking 90% of the available space, and has agreed an initial 12-year lease term, followed by 2 6-year rights of renewal. The bank has naming rights on the building, which has been designed to have a New Zealand green star rating of 4.

The bank’s head of properties, Garry Pellett, said today Quay Park was the third building the bank had committed to recently, following announcements for new buildings at 80 Queen St in Auckland & CentrePort in Wellington.

“Having the right kind of premises is important for our business as it helps us to attract & retain the best people. We were attracted to Quay Park as it provides optimum working conditions for our staff and is a great fit with our property strategy. In addition to these new buildings, we are progressively updating our branch network to more suitable, modern premises as leases expire.”

Mr Pellett said minimising the building’s environmental impact was important: “In March we announced our intention to be carbon neutral by 2010 and we will be working closely with Mansons to lift Quay Park’s green-star rating attributes as high as possible to help achieve that target.

“Almost 300 people will relocate to the new building from our Vincent St premises & Penrose Business Centre. Quay Park’s proximity to Britomart & the ferry terminal make it easy for our people to travel to work. The large floorplates mean that entire teams will be able to work together, improving communication, culture & performance.”

He said the new building would meet the bank’s requirements for self-sufficiency: “One of the advantages of moving to new premises is that we can integrate contingency planning into the building design. We’ve worked with Mansons to ensure that our disaster recovery requirements are built in, and will be self-sufficient in the event of a power outage.”

Mansons TCLM director Culum Manson said his team, headed by leasing manager Wade Allen, formed a strong relationship with the bank’s property team and worked closely together to formulate & understand the brief for the building.

“As a result, we have secured a blue-chip tenant, increasing the building’s attractiveness to both local & overseas property investors. As developers, we couldn’t have hoped for a better outcome.”

Multiplex Group started demolition last September for the bank’s new Auckland headquarters at 80 Queen St through to the former Jean Batten state building, and recently began piledriving.

The 20-storey Queen St building will have a gross 26,663m² and will be put into a retail unlisted fund on completion.

Earlier stories:

8 September 2006: BNZ signs agreement with Multiplex for new Auckland HQ

28 June 20006: BNZ gets non-notified consent for HQ on Batten site

13 April 2005: Manson plans 20,000m² at Quay Park

 

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Attribution: BNZ release, story written by Bob Dey for this website.

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