Archive | Federal St

4 apartments out of 6 sell at auction

4 of the 6 city centre & western fringe apartments auctioned at Bayleys yesterday were sold under the hammer.

The high success rate started with a new unit in the 20-apartment Aria development on Vinegar Lane, one back from Ponsonby Rd, and continued with sales in the Brooklyn, Statesman & 8 Hereford Residences.

CBD

Federal St

Federal Court, 198 Federal St, unit 4D:
Features: 116m², 5 bedrooms, 2 bathrooms, balconies
Outgoings: body corp levy $7714/year
Outcome: sold in August 2016 for $690,000, passed in at $725,000
Agents: Julie Prince & Diane Jackson

Learning Quarter

Brooklyn, 66 Emily Place, unit 13:
Features: one bedroom
Outgoings: body corp levy $4461/year
Income assessment: $490/week, fixed until mid-February
Outcome: sold for $580,000
Agents: Julie Prince & Diane Jackson

Statesman, 1 Parliament St, unit 608:
Features: 2 bedrooms, built-in wardrobes, wraparound deck, parking space
Outgoings: rates $2046/year including gst; body corp levy $5842/year
Outcome: sold for $811,000
Agents: Dave Hamlyn & Wendy Nichols

Uptown

8 Hereford Residences, 8 Hereford St, unit 1803:
Features: 102m² internal, 16m² covered deck, 2 bedrooms, 2 bathrooms, 2 side-by-side parking spaces, storage
Outgoings: body corp levy $5636/year
Outcome: sold for $1.436 million
Agents: Suzie Paine & Trent Quinton

Victoria Quarter

Hobson Lofts, 203 Hobson St, unit 6:
Features: 2 bedrooms, 2 bathrooms, upstairs office nook, tandem parking spaces
Outgoings: body corp levy $5820/year
Outcome: no bid
Agents: Diane Jackson & Julie Prince

Isthmus west

Grey Lynn

Aria, 11 Vinegar Lane, unit 503:
Features: one-bedroom corner apartment, flexi-room, vaulted ceilings, floor-to-ceiling doors, balcony, basement parking space, storage locker
Outgoings: body corp levy $4110/year
Outcome: sold for $825,000
Agent: Blair Haddow

Attribution: Auction.

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Both apartments passed in at Impression auction

Both city apartments auctioned at Impression Real Estate yesterday were passed in.

CBD

Federal St

Federal City, 207 Federal St, unit 1006:
Features: 61m², fully furnished 2 bedrooms, balcony
Outcome: passed in at $470,000
Agents: Chris Bell & Lucy Piatov

Uptown

Eclipse, 156 Vincent St, unit 7G:
Features: 41m², fully furnished one bedroom, balcony
Outgoings: rates $1240/year including gst; body corp levy $3704/year
Outcome: bid at $330,000, vendor raise to $340,000, passed in
Agents: Chris Bell & Lucy Piatov

Attribution: Auction.

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Slow, but a 61% success rate at auctions

Image above: The Oxford on Mount St – one apartment sold, one passed in.

It took auctioneer Murray Smith 30 minutes & much twiddling of his thumbs this morning before he banged his hammer down for the sale of one apartment. Next up, there were 3 bidders and a sale ensued in a few minutes.

In 5 sessions this week, auctioneers at Barfoot & Thompson’s city office put through 41 residential properties, 16 of them which I categorise as intensive (apartments, townhouses, suburban units – I wasn’t at all sessions and don’t know if any others were cross-leased).

A year ago, that would have been the throughput on a Wednesday or Thursday morning, so volume is well down.

But the sales ratio under the hammer this week was strong – 25 sold out of 41 homes offered, a 61% success rate. For the intensives, 9 sold out of 16 offered, a 56% success rate.

CBD

Albert St

Quay West, 8 Albert St, unit 1202:
Features: 74m², one-bedroom apartment, balcony, parking space
Outcome: sold for $695,000
Agents: Cici & Miro Wang

Commerce/Gore

HarbourCity, 16 Gore St, unit 28I:
Features: 38m², one-bedroom apartment
Outgoings: body corp levy $2851/year, $5099 special levy for leaks remediation
Outcome: sold for $279,000
Agent: Jason Buckwell

Federal St

207 Federal St, unit 506:
Features: 61m², 2-bedroom apartment, balcony
Outcome: sold for $536,000 at auction brought forward
Agents: Cici & Miro Wang

Learning Quarter

Celestion, 19 Anzac Avenue, unit 1002:
Features: 55m² apartment including balcony, 2 bedrooms
Outgoings: body corp levy $4536/year
Outcome: sold for $535,000
Agents: Zoran Farac & Leo Shin

Oxford, 13-15 Mount St, unit 4H:
Features: 34m² studio, deck
Outgoings: body corp levy $2147/year
Outcome: sold for $290,000
Agents: Leo & Stephen Shin

Oxford, 13 Mount St, unit 13F:
Features: 42m², one-bedroom apartment
Income assessment: $360/week current
Outcome: passed in
Agent: Yuyu Cao

Victoria Quarter

Marina Park, 146 Fanshawe St, unit 12:
Features: one-bedroom apartment, garage
Outcome: withdrawn from auction
Agents: Bella Stefano & Sherry Shao

Waterfront

Princes Wharf, 137 Quay St, unit 10:
Features: leasehold, 57m², one-bedroom apartment, balcony
Outgoings: 5-yearly ground rent review has been replaced with a fixed annual increase of 3% or CPI, whichever is greater
Outcome: no bid, back on market at $228,000
Agent: Anah Jordan

Isthmus east

Ellerslie

178A Ladies Mile:
Features: 3-bedroom standalone townhouse, deck, carport
Outcome: passed in at $730,000
Agents: Anna Stephens-Brown

Epsom

22 Rangiatea Rd, unit 3:
Features: 98m², 2-bedroom unit, garage, storage, 2-year-old roof, ceiling insulated
Outcome: passed in at $880,000
Agent: Helen Lam

Mt Wellington

51 Ireland Rd, unit 41:
Features: 2-bedroom terrace, study, carport, in gated complex
Outcome: passed in at $480,000, back on market at $560,000
Agent: Kevin Liu

Panmure

10B Allenby Rd:
Features: 2-bedroom upstairs end unit, garage, storage
Outcome: no bid
Agents: George Fong & Paul Sun

Parnell

28C Stanwell St:
Features: 2-bedroom garden apartment, 2 bathrooms, study, courtyard, 2 parking spaces
Outcome: sold for $775,000
Agent: Cindy Yu

St Johns

35 Simkin Avenue, unit 2:
Features: 2-bedroom unit, carport, basement workshop
Outcome: passed in, back on market at $698,000
Agent: May Long

Isthmus west

Mt Eden

14 Lovelock Avenue, unit 10:
Features: 2-bedroom apartment, balcony, parking space
Outcome: sold for $640,000
Agent: Prasanna Kumar & Aaron Julian

Waterview

1510 Great North Rd, unit 15:
Features: 88m², 3-bedroom apartment, 2 bathrooms, parking space, newly reclad & code compliance certificate issued in January
Outcome: sold for $380,000
Agents: David Dowse & Susie Calderwood

North-west

Henderson

16 Buscomb Avenue:
Features: 1033m² site, 3-bedroom house + 2 separate 2-bedroom units, all redecorated, new kitchens & bathrooms; house has basement garage, carport, storage; units have their own entrance from Sel Peacock Avenue, offstreet parking; zoned terrace housing & apartments
Outcome: sold for $1.771 million
Agent: Jim Murray

Attribution: Auctions, auction documents.

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Apartment & cross-lease sell

One of the 3 apartments auctioned at Barfoot & Thompson today, and one of the 3 eastern suburbs cross-leased units auctioned yesterday, were sold under the hammer.

CBD

Federal St

Federal, 207 Federal St, unit 803:
Features: 61m², 2 bedrooms
Outgoings: body corp levy $5240/year
Outcome: sold for $540,000
Agents: Stephen Shin & Rhys Chen

Victoria Quarter

Fiore 2, 168 Hobson St, unit 405:
Features: 44m², one bedroom
Outgoings: rates $1588/year including gst; body corp levy $2428/year
Income assessment: $460-480/week
Outcome: passed in at $460,000
Agents: Selina Zheng & Tommy Zhang

SugarTree Prima, 27 Union St, unit 906:
Features: 75m², 2 bedrooms, 2 bathrooms, balcony, storage locker, option to buy parking space
Income assessment: $650/week, fixed until January
Outcome: passed in at $610,000
Agents: Livia Li & Alan Guo

Isthmus east

Mt Wellington

399 Ellerslie-Panmure Highway, unit 1:
Features: cross-lease, 1/5 share in 1315m², 80m² 2-bedroom unit, garage
Outcome: passed in at $621,000
Agents: Robben Li & Will Liu

Remuera

11 Burswood Crescent, unit 2:
Features: cross-lease, half share in 827m², 3 levels, 4 bedrooms, 3 bathrooms, 2 living rooms, double garage
Outcome: passed in at $3.1 million, back on the market at $4 million
Agent: Paul Studman

9 Armadale Rd, unit 4:
Features: cross-lease, 1/7 share in 1011m², 2-bedroom unit, courtyard, carport,
Outcome: sold for $762,000
Agents: Janice Hamilton-Cox & Philip Cox

Attribution: Auctions.

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Grafton townhouse & remediated apartment popular with bidders

A Grafton townhouse sold for $1.3 million and a remediated Normanby Mews apartment, on the city side of Mt Eden, proved popular with buyers at Ray White City Apartments’ auction today.

They were among 5 sales out of 7 units in the auction.

CBD

Federal St

The Federal, 18 Federal St, unit 5F:
Features: 49m², one bedroom
Outgoings: rates $1139/year including gst; body corp levy $3132/year
Income assessment: $480-520/week
Outcome: passed in after bid at $410,000, vendor bid at $440,000
Agents: Krister Samuel & Judi Yurak

Learning Quarter

The Cambridge, 43 Anzac Avenue, unit 505:
Features: 18m² furnished studio
Outgoings: rates $1116/year including gst; body corp levy $5097/year
Income assessment: $320-350/week
Outcome: sold for $153,000
Agents: Judi & Michelle Yurak

Eden Apartments, 32 Eden Crescent, unit 14C:
Features: 32m², one bedroom at penthouse level, balcony, parking space
Outgoings: rates $1468/year including gst; body corp levy $3829/year
Income assessment: $480-520/week furnished
Outcome: sold for $462,000
Agents: Damian Piggin & Daniel Horrobin

96 on Symonds, 96 Symonds St, unit 903:
Features: 36m², 2 bedrooms
Outgoings: rates $1164/year including gst; body corp levy $4334/year
Income assessment: $490/week under long-term management lease
Outcome: passed in at $180,000
Agent: James Mairs

Uptown

Quest Auckland, 363 Queen St, unit 14B:
Features: 32m² furnished studio, balcony, out of hotel lease
Outgoings: rates $2233/year including gst; body corp levy $3404/year
Income assessment: $380-400/week furnished
Outcome: sold for $293,000
Agent: Leo Zhu

Isthmus east

Grafton

Grafton Ridge, 6K Carlton Gore Rd:
Features: 170m², 3-bedroom townhouse on 3 floors, 2 bathrooms, balconies, tandem parking spaces
Outgoings: rates $2768/year including gst; body corp levy $2773/year
Income assessment: $970-990/week furnished
Outcome: sold for $1.309 million
Agent: Krister Samuel

Isthmus west

Mt Eden

Normanby Mews, 22 Normanby Rd, unit 3:
Features: 51m², 2 bedrooms, decks, tandem parking, remediation completed
Outgoings: rates $1590/year including gst; body corp levy $2917/year, $5659 stairwell passive fire works levy, $23,618 final remediation levy; outstanding levies & arrears total $185,236.28, which must be paid by the buyer on top of purchase price
Income assessment: $550-600/week furnished
Outcome: sold on behalf of the Official Assignee for $430,000 + $185,236.28 outstanding levies, for total purchase price of $615,236.28
Agent: Krister Samuel

Attribution: Auction.

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7 apartments sell at Ray White auction

7 of the 9 apartments auctioned at Ray White City Apartments today were sold under the hammer.

CBD

Federal St

Federal, 207 Federal St, unit 704:
Features: 61m² including balcony, fully furnished 2 bedrooms
Outgoings: rates $1430/year including gst; body corp levy $5083/year
Income assessment: $500/week current
Outcome: sold for $525,000
Agent: Victor Liu

Uptown

Q City, 11B City Rd, unit 3A:
Features: leasehold, 59m², one bedroom, leased to Housing NZ until April 2019
Outgoings: rates $1253/year including gst; body corp levy $3296/year, ground rent $6800/year
Income assessment: $18,936/year
Outcome: sold for $92,000
Agents: Ryan Bridgman & Mitch Agnew

Nova en Scotia, 18 Scotia Place, unit GE:
Features: 44m², vacant one bedroom
Outgoings: rates $1316/year including gst; body corp levy $3488/year
Outcome: passed in at $375,000
Agents: Bain Duigan

Victoria Quarter

Grand Chancellor, 1 Hobson St, unit 403:
Features: 57m², one bedroom, 5m² deck, storage, parking space
Outgoings: rates $1582/year including gst; body corp levy $4411/year
Income assessment: $650-700/week furnished
Outcome: sold vacant for $618,000
Agent: Krister Samuel

H47, 47 Hobson St, unit 401:
Features: 61m², one bedroom, secure parking space
Outgoings: rates $1544/year including gst; body corp levy $4704/year
Income assessment: $590-650/week furnished
Outcome: sold vacant for $605,000
Agents: Ryan Bridgman & Mitch Agnew

Heritage Tower, 22 Nelson St, unit 318:
Features: 37m² studio, balcony
Outgoings: rates $1025/year including gst; body corp levy $3361/year
Income assessment: appraisal $450-480/week furnished
Outcome: sold for $295,400
Agents: Ron Yang, Damian Piggin & Daniel Horrobin

Ascent, 149 Nelson St, unit 726:
Features: 53m², 2 bedrooms, secure parking space
Outgoings: rates $1101/year including gst; body corp levy $3562/year; special levy of $10,137 was due from current owner by 20 February
Income assessment: $470/week fixed until January 2018
Outcome: sold for $405,000
Agents: Simon Harrison, Damian Piggin & Daniel Horrobin

Harbour Green, 11 Union St, unit 301:
Features: 47m², fully furnished 2 bedrooms
Outgoings: rates $1240/year including gst; body corp levy $4012/year
Income assessment: $650/week furnished
Outcome: no bid
Agents: Ron Yang & Danial Horrobin

SugarTree, 27 Union St, Prima unit 813:
Features: 53m², one bedroom, 10m² covered deck
Outgoings: rates $1567/year including gst; body corp levy $3311/year
Income assessment: $480/week fixed until August, appraisal $500-530/week
Outcome: sold for $510,000 at auction brought forward
Agents: Ady Huang & Dominic Worthington

Attribution: Auction.

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5 apartments sell at Ray White auction

5 apartments sold under the hammer at Ray White City Apartments’ auction yesterday and one shortly after, out of 8 units on offer.

They included a studio in the Met on Durham St East, where remedial works are underway, and a unit in the leasehold Scene 1 taken to auction by the mortgagee.

In contrast to some auctions at the start of the year, bidding at this one was at times a frenzy of low raises. Bidding for the last property on the auction list, the unit in the leasehold Scene 1 at Quay Park (with parking space), started at $45,000, went on the market at $105,000 and ended with a sale at $117,000.

CBD

Federal St

Madison on the Square, 37 Federal St, unit 4A:
Features: 60m², fully furnished 2 bedrooms, secure parking space
Outgoings: rates $1684/year including gst; body corp levy $5262/year
Income assessment: $650-700/week furnished
Outcome: sold for $725,000
Agent: Krister Samuel

Learning Quarter

Silo Apartments, 23 Emily Place, unit 6B:
Features: 34m², one bedroom, balcony, parking space
Outgoings: rates $1202/year including gst for apartment, $152 for parking; body corp levy $4183/year for apartment, $746/year for parking
Income assessment: $450-480/week furnished
Outcome: passed in at $385,000
Agents: Steve Kin

The Quadrant, 10 Waterloo Quadrant, unit 1308:
Features: 22m² studio
Outgoings: body corp levy $2795/year
Income assessment: $380-420/week furnished, under hotel management lease
Outcome: sold for $269,000
Agents: Simon Harrison, Damian Piggin & Daniel Horrobin

The Connaught, 14 Waterloo Quadrant, unit 3E:
Features: 35m², one bedroom, storage locker
Outgoings: rates $1037/year including gst; body corp levy $2968/year
Income assessment: $400-450/week furnished
Outcome: sold for $367,000
Agents: May Ma & Mark Li

Cintra, 3 Whitaker Place, unit 7P:
Features: 57m², fully furnished one bedroom, remediation to be carried out
Outgoings: rates $911/year including gst; body corp levy $4261/year
Income assessment: $440/week current
Outcome: sold for $205,000
Agent: James Mairs

Quay Park

Scene 1, 2 Beach Rd, unit 610:
Features: leasehold, 58m², one bedroom, balcony, parking space
Outgoings: rates $1278/year including gst; body corp levy $3275/year, ground rent $5778/year
Outcome: sold for $117,000 at mortgagee sale
Agent: Adam Gurr

Queen St

The Met, 11 Durham St East, unit 4G:
Features: 23m² loft studio
Outgoings: rates $911/year including gst; body corp levy $1680/year, new remediation levy set
Income assessment: $360-380/week furnished
Outcome: passed in at $220,000, sold post-auction for $270,000
Agent: Liz McCarthy

Isthmus east

Parnell

30 Heather St, unit 2E:
Features: 93m², 3 bedrooms, secure parking space, balcony
Outgoings: rates $2439/year including gst; body corp levy $3941/year
Outcome: passed in at $669,000
Agents: Mohan Ball & Tim Warmington

Attribution: Auction.

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8 of 28 apartments & cross-leases sell at Barfoots

8 apartments, townhouses & suburban cross-leased properties were sold out of 28 offered at Barfoot & Thompson’s auctions in its city office this week. The auction for another 2 Docks apartments was postponed.

All up, 16 of the 60 residential properties taken to auction were sold, and no bid was offered on 26.

The one commercial property auctioned, a West Auckland industrial unit taken to court-ordered auction by the body corporate, was sold under the hammer.

Commercial

North-west

Glen Eden

9 Westward Ho Rd, unit H + accessory unit 16 (parking):
Features: single-level industrial unit, parking space, taken to auction by body corporate
Outcome: sold at court-ordered auction for $195,000
Agents: Colin Stewart & Philip Davis

Apartments & suburban cross-leases

CBD

Federal St

Hampton Court, 182 Federal St, unit 5C:
Features: 47m², one-bedroom apartment
Outcome: no bid
Agents: Stephen Shin & Justin Choi

Learning Quarter

Tower Hill, 1 Emily Place, unit 2C:
Features: 78m², 2-bedroom apartment, 33m² courtyard, carport
Outcome: no bid
Agent: Alan Vessey

Quay Park

The Docks, 2 Dockside Lane, unit 203:
Features: leasehold, one-bedroom apartment, balcony, parking space
Outcome: auction postponed
Agent: Sudesh Kumar

The Docks, 8 Dockside Lane, unit 236:
Features: leasehold, one-bedroom apartment, parking space
Outcome: auction postponed
Agent: Sudesh Kumar

Victoria Quarter

Harvard, 147 Hobson St, unit GJ:
Features: 2-bedroom apartment, deck, secure parking space
Outcome: no bid
Agents: Simon Cai & Julie Tri

Wiltshire, 89 Victoria St West, unit 10B:
Features: 56m², one bedroom, balcony
Outgoings: body corp levy $2676/year
Outcome: passed in
Agent: Fiona Lee

Isthmus east

Mission Bay

16 Atkin Avenue, unit 6:
Features: cross-lease, 1/8 share in 1664m², 3-bedroom apartment, balcony, tandem garage
Outcome: sold for $1.75 million
Agent: Dennis Dunford

9 Marua Crescent, unit 11:
Features: cross-lease, 1/12 share in 1011m², one-bedroom apartment, deck, carport
Outcome: passed in
Agent: Lynette Boyd

Panmure

60 Jellicoe Rd, unit 3:
Features: cross-lease, 1/6 share in 1012m², one-bedroom unit, deck, backyard, carport
Outcome: sold for $420,000
Agent: Jessie Yang

Remuera

27B Dell Avenue:
Features: cross-lease, 1/3 share in 903m², 3 bedrooms, garage
Outcome: sold for $1.41 million
Agents: Kathy Bower & Julie Fitzpatrick

12 Kelvin Rd:
Features: cross-lease, half share in 1292m², 4 bedrooms, study, double garage
Outcome: no bid
Agent: Duncan Wu

40A Monteith Crescent, unit G:
Features: 3 bedrooms, conservatory, double garage
Outgoings: body corp levy $1741/year
Outcome: no bid
Agents: Angus Campbell & Michael Bacher

1 Shore Rd, unit 16:
Features: standalone house on 200m² freehold section, 4 bedrooms, carport
Outcome: sold for $1.265 million
Agent: Liz Derbyshire

St Heliers

28 Tarawera Terrace, unit 1:
Features: cross-lease, quarter share in 1586m², 4 bedrooms, internal-access garage
Outcome: sold for $1.87 million
Agents: Bob Gordon & Trevor Wyness

Isthmus west

Eden Terrace

Der Rohe, 10 Flower St, unit 104:
Features: 57m², 2-bedroom apartment, deck
Income assessment: $450/week current
Outcome: passed in, back on market at $500,000
Agents: Aaron Cook & Betty Shao

15 Rendall Place, unit 503:
Features: 2-bedroom apartment, balcony basement parking space, storage locker
Outgoings: body corp levy $3732/year
Outcome: passed in
Agent: Anna Stephens-Brown

Grey Lynn

6 Schofield St, unit 10:
Features: 3-bedroom terrace, deck, carport
Outgoings: body corp levy $4596/year
Outcome: sold for $800,000
Agent: Liz Derbyshire

Hillsborough

15 Currie Avenue, unit 1:
Features: cross-lease, half share in 766m², 2-bedroom unit, basement garage & storage
Outcome: sold for $687,000
Agent: Robin Cross

Mt Eden

40 Horoeka Rd, unit 2:
Features: cross-lease, 1/9 share in 931m², 2-bedroom unit, offstreet parking
Outcome: sold for $700,000
Agents: Verena Lobb & Lisa MacQueen

Mt Roskill

56A May Rd:
Features: cross-lease, half share in 826m², 3 bedrooms, double internal-access garage
Outcome: passed in at $900,000
Agent: Alex Yang

Sandringham

65 Burnley Terrace, unit 5:
Features: one-bedroom ground unit, carport, parking space
Outgoings: body corp levy $1819/year
Outcome: no bid
Agent: Julie Hey

297A Mt Albert Rd:
Features: cross-lease, half share in 843m², 4 bedrooms, deck, carport
Outcome: no bid
Agent: Steve Hood

16 St Lukes Rd:
Features: cross-lease, 1/3 share in 1358m², 4-bedroom villa
Outcome: no bid
Agents: Reeka Lelaulu & Sue Cohen

34 Watea Rd, unit 3:
Features: cross-lease, 1/8 share in 1227m², 2-bedroom unit, garage
Outcome: no bid
Agents: Jeff Stretton & Monica Bajaj

North-west

Glendene

4 Lydford Place, unit 2:
Features: cross-lease, half share in 675m², 3 bedrooms, deck, garage, workshop
Outcome: no bid
Agents: Julia Barnett & Ryan Littler

Glen Eden

9 Evans Rd, unit 12:
Features: 2-bedroom unit, deck, internal-access garage
Outgoings: body corp levy $595/year
Outcome: passed in
Agents: Julia Barnett & Ryan Littler

Henderson

38 Eyre St:
Features: cross-lease, half share in 1026m², 3 bedrooms, basement garage, double carport
Outcome: passed in
Agent: Roger Franklin

New Lynn

2 Kiritoa St:
Features: cross-lease, half share in 870m², 3 bedrooms, garage
Outcome: no bid
Agent: Jennifer Peary

116 Titirangi Rd, unit 1:
Features: cross-lease, 1/10 share in 4116m², 3-bedroom bungalow, carport
Outcome: no bid
Agents: Aken Yuan & Michelle Zhou

Swanson

637 Swanson Rd, unit 1:
Features: cross-lease, half share in 1012m², 2-bedroom bungalow, deck, offstreet parking
Outcome: no bid
Agents: Raj Mitra & Maggie Altaf

Attribution: Auctions.

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Updated: Strong yields as 14 sell at Bayleys’ commercial auction, 3 post-auction sales

Published 2 December 2016, updated 5 & 12 December 2016:
Strong yields were a feature as 14 of the 27 properties taken to auction in Bayleys’ final Total Property portfolio for the year were sold under the hammer on Wednesday.

They included 3 units sold in stage 3 of the Grange development (pictured) at the southern entrance to Warkworth, and another one sold post-auction.

2 other properties have been sold post-auction – a unit on Amera Place, East Tamaki, and a property on Moore St, Howick, sold on a 4.1% yield.

CBD

Federal St

205 Federal St, unit R1:
Features: 60m², one of only 2 retail tenants in Federal City apartment building, 8-year lease from July 2014
Rent: $29,120/year net + gst
Outcome: passed in at $475,000
Agents: Piyush Kumar & Oscar Kuang

Learning Quarter

23 Whitaker Place, units 110 & 111:
Features: 120m² unit, suitable for restaurant
Rent: $23,478.26/year from tenant on 3-year lease from 1 August 2014
Outcome: sold for $150,000
Agents: Nicolas Ching & Beterly Pan

Queen St

Mid-City, 239 Queen St, unit 2A:
Features: 282m² floor area on first floor, tenant the Ryo Japanese restaurant, 6-year lease, 2 rights of renewal
Rent: $120,000/year average from 6-year lease
Outcome: no bid
Agents: Graeme Sun & Oscar Kuang

Uptown

3 shops & gym of 14 ground-floor commercial units in the Summit on Symonds apartment conversion building, next to the Langham Hotel at the corner of Karangahape Rd & Symonds St:

105 Symonds St, shop 5, Nata Portuguese Bakery:
Features: 69.47m², 6-year lease
Rent: $49,400/year net + gst
Outcome: passed in at $500,000
Agents: Millie Liang

105 Symonds St, shop 9, laundromat:
Features: 43.41m², self-service laundromat, 8-year lease
Rent: $30,387/year net + gst
Outcome: passed in at $350,000
Agents: Millie Liang

105 Symonds St, shop 11, The Corner Café:
Features: 68.39m², 8-year lease
Rent: $47,873/year net + gst
Outcome: passed in at $500,000
Agents: Millie Liang

103-105 Symonds St, unit 15, Anytime Fitness:
Features: m², 10-year lease, beside the entrance to the Langham Hotel
Rent: $184,000/year net + gst
Outcome: withdrawn from auction
Agents: Millie Liang

Isthmus east

Onehunga

106 Beachcroft Avenue:
Features: 692m² site, 431m² standalone warehouse & office building
Outcome: sold vacant for $1.505 million
Agents: James Valintine & Graeme Moore

255 Onehunga Mall:
Features: 379m² site, Cotton On Clothing (NZ) Ltd on 8-year lease from 15 August with one 8-year right of renewal
Rent: $110,000/year + gst + outgoings, 3%/year rental growth
Outcome: sold for $2.21 million at a 4.98% yield
Agents: Tony Chaudhary & Damien Bullick

Otahuhu

121 Church St:
Features: 731m² site zoned terrace housing & apartment building, 138m² floor area, medical centre on 5-year lease from October 2015
Rent: $48,000/year + gst + outgoings
Outcome: declared reserve of $800,000, sold prior for $933,000 at a 5.14% yield
Agents: Tony Chaudhary & Janak Darji

Panmure

141-157 Queens Rd:
Features: 2963m² site on 2 titles, 1464m² floor area, 35 parking spaces, residential potential under the unitary plan, 27m height limit
Rent: $357,000/year net + gst
Outcome: no bid
Agents: Mark Pittaway

Penrose

419B Church St East:
Features: 1596m² industrial site, 25 parking spaces, 8-year head lease to Southpark Corp Ltd from 1 November 2015
Rent: $25,485/year net + gst
Outcome: passed in after vendor bid at $3.7 million
Agents: James Hill & Ben Bayley

Isthmus west

Morningside

4 Taylors Rd:
Features: 809m² site zoned mixed use, 585m² office & high stud warehouse
Outcome: sold vacant for $2.9 million
Agents: Scott Kirk & James Were

Pt Chevalier

1191 Great North Rd:
Features: 226m² retail, occupied by optometrist & osteopath
Rent: $83,900/year
Outcome: sold for $1.55 million at a 5.4% yield
Agents: Owen Ding & Quinn Ngo

North-east

Birkenhead

268 Onewa Rd, unit 10A:
Features: 125m², office & residential tenancies, town centre zoning, 2 parking spaces
Rent: $23,464.57/year net + gst + outgoings
Outcome: withdrawn from auction
Agents: Tonia Robertson & Chris White

Torbay

934 Beach Rd:
Features: cross-lease, 1/3 share in 1072m², 140m² beachfront retail, only business-zoned property on the Torbay/Waiake beachfront, taken to auction by the Official Assignee under the Criminal Proceeds (Recovery) Act
Outcome: sold for $1.8 million
Agents: Damian Stephen & Adam Curtis

Warkworth

4 units in stage 3 of the Grange, 67 Auckland Rd, development by Square & Main St Ltd (Adam Reynolds), stages 1 & 2 both fully sold
Agents: Matt Lee, Quinn Ngo, Jan Hutcheson & James Chan, and Paul Dixon on unit 14

Unit 5A, Cizzlin:
Features: 128.3m², 8-year lease
Rent: $65,000/year net + gst
Outcome: sold for $1.005 million at a 6.47% yield

Unit 13B, The Grange Bakery:
Features: 76.8m², 5-year lease
Rent: $30,000/year net + gst
Outcome: sold for $560,000 at a 5.34% yield

Unit 11, Fish Nets:
Features: 59m², 10-year lease
Rent: $30,975/year net + gst
Outcome: sold for $565,000 at a 5.48% yield

Updated: Unit 14, Green Bay Fruit & Veg:
Features: 297.2m², 8-year lease
Rent: $92,500/year net + gst
Outcome: passed in after vendor bid at $1.25 million, sold post-auction for $1.365 million at a 6.77% yield

Unit 22, Cross Gate Variety Store:
Features: 373.7m², 6-year lease
Rent: $86,700/year net + gst
Outcome: withdrawn from auction

North-west

Henderson

349 Great North Rd:
Features: 276m² site, 10-year lease from July
Rent: $50,000/year net + gst
Outcome: sold for $1.045 million at a 4.8% yield
Agents: Mike Adams & Laurie Bell

Lincoln North shopping centre, 192 Lincoln Rd, unit B4:
Features: 60.12m², retail unit, new 5-year lease to OPSM
Rent: $22,545/year net + gst
Outcome: sold for $465,000 at a 4.85% yield
Agents: Matt Lee & Quinn Ngo

South

East Tamaki

Updated: 12 Amera Place, unit 5:
Features: 105m² unit, 6-year lease starting this month
Rent: $50,150/year net + gst + outgoings
Outcome: passed in at $900,000, sold post-auction for $910,000 at a 5.5% yield
Agents: Katie Wu & John Bolton

9-11 Nandina Avenue:
Features: 2 titles, each of 2552m², metalled & flat, 74m road frontage, business 5 zoning
Outcome: sold for $2.86 million
Agents: John Bolton & Katie Wu

Howick

Updated: 8-14 Moore St:
Features: 875m² site zoned business town centre under unitary plan, 590m² floor area, 6 tenancies
Rent: $94,262.74
Outcome: passed in at $2.11 million, sold post-auction for $2.3 million at a 4.1% yield
Agents: Tony Chaudhary & Janak Darji

Manukau

Pacific Retail Centre, 792 Great South Rd, unit 6:
Features: 89m² Subway restaurant
Rent: $39,367.45/year net + gst + outgoings
Outcome: passed in at $750,000
Agents: Terry Kim & Janak Darji

52-58A St George St:
Features: 971m² in 2 titles zoned town centre under unitary plan, 2 tenants,
Rent: $80,040/year + gst
Outcome: no bid
Agents: Oscar Kuang & James Chan

Pukekohe

1722 & 1748 Buckland Rd:
Features: 14.4336ha in 2 titles overlooking Pukekohe racetrack, zoned future urban, proposed light industrial, has 3-bedroom house & 2-bedroom cottage
Outcome: no bid
Agents: Shane Snijder & Peter Migounoff

South of the Bombays

Coromandel

Whitianga

17 Monk St:
Features: 516m² site, 800m² floor area – 4 shops in 335m² on ground floor, plus carport, 2 apartments in 376m² upstairs licensed as traveller accommodation, plus 60m² deck & terrace; separate studio & workshop
Rent: about $53,000/year net
Outcome: sold for $1.03 million at a 5.15% yield
Agent: Noel Rogers

Hawke’s Bay

Napier

359 Marine Parade:
Features: 1413m² site, 20 self-contained motel units + manager’s accommodation
Rent: $225,750/year + gst from motel lease running until 2040
Outcome: sold for $3.75 million at a 6% yield
Agents: Paul Dixon & Sam MacDonald

Attribution: Auction.

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Gym, 2 apartments & 4 suburban cross-leases sell

A Henderson warehouse most recently used as a gym and an Argent Hall apartment were sold at Barfoot & Thompson’s commercial & apartments auction session yesterday.

Another apartment, in the Queens Lodge development behind Broadway and beside the Newmarket railway station (pictured), was sold in the agency’s afternoon residential session.

Also at the afternoon session, 4 of the 6 cross-leased properties were sold under the hammer.

Commercial

North-west

Henderson

4 Amokura St, unit D:
Features: 170m², high stud warehouse most recently used as a gym, mezzanine office & amenities, 4 parking spaces, offered “as is where is”
Outcome: sold vacant for $362,000 + gst under the Criminal Proceeds (Recovery) Act
Agents: Elaine Tutty & Roger Franklin

Apartments

CBD

Federal St

Federal, 207 Federal St, unit 903:
Features: 61m², 2 bedrooms
Outgoings: body corp levy $5247/year
Income assessment: $580/week, fixed until February
Outcome: passed in, back on market at $555,000
Agents: Stephen Shin & Yasu Ka

Learning Quarter

Argent Hall, 2 Eden Crescent, unit 8G:
Features: 49m², one bedroom, 2 balconies
Outgoings: body corp levy $5480/year
Outcome: sold for $450,000
Agents: Stephen & Leo Shin

Crescent, 7 Eden Crescent, unit 201:
Features: 59m², 2 bedrooms, study, balconies, parking space, bottom side of the Quadrant Hotel building at 10 Waterloo Quadrant
Outgoings: body corp levy $1166/year
Outcome: no bid, back on market at $639,000
Agents: Stephen & Leo Shin

Uptown

Amora Hotel, 100 Greys Avenue, unit 2B:
Features: one bedroom, parking space
Outgoings: body corp levy $4401/year, plus common area air-conditioning special levy $1864 and long-term maintenance levy $797
Income assessment: $1122/month including gst from hotel lease; in hotel pool until 31 December 2020
Outcome: passed in
Agents: Mike Campbell & Grant Elliott

Eclipse, 156 Vincent St, unit 7J:
Features: 41m², one bedroom
Outgoings: rates $1189/year including gst; body corp levy $3438/year
Income assessment: $400/week fixed until April
Outcome: no bid, back on market at $385,000
Agents: Stephen Shin & Yasu Ka

Isthmus east

Newmarket

Queens Lodge, 176 Broadway, unit C617:
Features: 2-bedroom apartment, 2 bathrooms, parking space
Outgoings: body corp levy $2192/year
Outcome: sold for $696,000
Agents: Michelle Zhang

Parnell

30 Heather St, unit 18:
Features: 3 bedrooms, balcony, parking space
Outgoings: body corp levy $4939/year
Income assessment: $580/week, fixed until February
Outcome: no bid
Agents: Sarah Garlick & Estee Zeng

Suburban cross-leases:

Isthmus east

Kohimarama

34 Melanesia Rd, unit 3:
Features: cross-lease, 1/3 share in 890m², 4-bedroom townhouse, 2 bathrooms, double internal-access garage
Outcome: sold for $1.725 million
Agents: Trevor Wyness & Louise Barnsley

Onehunga

4A Edmonton Avenue:
Features: cross-lease, half share in 765m², 3 bedrooms, 2 bathrooms, double internal-access garage
Outcome: no bid, back on market at $849,000
Agents: Paresh Patel

One Tree Hill

14 Rangipawa Rd:
Features: cross-lease, half share in 845m², 3 bedrooms, deck, carport
Outcome: sold for $1.085 million
Agent: Anna Stephens-Brown

Royal Oak

21A & 21B Campbell Rd:
Features: cross-lease, 2 half shares in 1120m
Outcome: passed in
Agents: Helen Lam & Wendy Sadd

Isthmus west

Mt Roskill

172 Melrose Rd, unit 1:
Features: cross-lease, half share in 657m², 2-bedroom unit, garage
Outcome: sold for $715,000
Agents: Di Martens

South

Mangere Bridge

5A McIntyre Rd, unit 2:
Features: cross-lease, half share in 929m², 3 bedrooms, deck, internal-access garage
Outcome: sold for $800,000
Agents: Jamie Gray

Attribution: Company release.

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