Archive | Hobson St

12 years after demolition order scrapped, Hobson St building sells

An office tenancy in the former Canvas City & Wong Doo building at the corner of Hobson & Cook Sts, leased in March, was sold at an auction brought forward at Bayleys yesterday.

The small 2-storey building faced demolition in 2005, when South Korean developer Dae Ju Developments Co Ltd sought council permission to knock it down and extend the Fiore apartment building, already approved, across 2 sites.

Heritage campaigner Allan Matson fought demolition and Auckland City councillors Christine Caughey & Faye Storer led the process to look again at Dae Ju’s application.

Eventually, Fiore was built in 2 stages, with the corner shop refurbished. It was constructed in 1885 with shop space at ground level, living areas behind & bedrooms above. It was sold yesterday by Dae Ju successor KNC Global Management Co Ltd.

CBD

Victoria Quarter

166 Hobson St, corner Cook St:
Features: 199m² floor area on 2 levels in refurbished category B historic building, occupied by Global Visas Ltd on new 6-year lease
Rent: $110,000/year net + gst + outgoings, body corp levy $5889/year
Outcome: sold for $1.92 million at a 5.73% yield at auction brought forward
Agents: Sarah Boles & Terry Kim

Earlier stories:
12 March 2017: Fiore corner office space leased
8 September 2013: First use of council heritage fund is for Wong Doo building & Airedale cottages
23 December 2011: Council agrees to compromise allowing development above Wong Doo building
5 April 2011: Council slams demolition bans on Canvas City & Ranchhod buildings
17 May 2009: Dae Ju gets new consent to knock down Canvas City building
17 April 2009: Dae Ju revives Canvas City demolition plan as it puts Elliot Tower on hold & redesigns Star site building
13 December 2006: Dae Ju can knock down Canvas City lean-tos, and escapes hefty bond
21 April 2006: Heritage campaigner battles on to save Canvas City from demolition for new development
5 April 2005: Councillors hold up Hobson St demolition with theme of “heritage capital”

Attribution: Auction.

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Buyers baulk at Spencer price as remediation awaited

3 apartments were sold at Ray White City Apartments’ auction today but investors baulked at the asking price on a unit in the Spencer on Byron in Takapuna (pictured), where a remediation settlement has been reached but remedial works haven’t begun.

The owner was prepared to accept $470,000, but bidding stopped $40,000 short.

CBD

Hobson St

H47, 47 Hobson St, unit 1209:
Features: 80m², 2 bedrooms, storage locker, parking space
Outgoings: rates $1760/year including gst; body corp levy $6091/year
Income assessment: $750-800/week furnished
Outcome: sold for $666,000
Agents: May Ma & Mark Li

Altitude, 34 Kingston St, unit 9A (corner of Hobson St):
Features: 37m², 2 bedrooms
Outgoings: rates $1126/year including gst; body corp levy $3917/year
Income assessment: $440-460/week
Outcome: sold for $373,000
Agents: Victor Liu

Isthmus west

Grey Lynn

Mediterranean, 10 Crummer Rd, unit 1G:
Features: 55m², 2 bedrooms, parking space
Outgoings: rates $1245/year including gst; body corp levy $2885/year
Income assessment: $/week
Outcome: sold for $351,000
Agents: Susanne Bussell

North-east

Takapuna

Spencer on Byron, 9-17 Byron Avenue, unit 209:
Features: 50m², one bedroom, parking space
Outgoings: rates $1144/year including gst; body corp levy $3218/year; vendor to pay $10,000 special remediation levy and unit to be sold on “as is where is” basis; this unit’s share of remedial settlement funds $66,701.94
Income assessment: $570/week current
Outcome: passed in at $430,000
Agents: James Mairs & Gillian Gibson

Attribution: Auction.

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Fiore corner office space leased

Office space on both levels of the revived Wong Doo building (ex-Canvas City, pictured) at the corner of Hobson & Cook Sts was among 3 leases Bayleys agent signed this month. The other 2 were in the Wairau Valley on the North Shore.

The Hobson St building was saved from imminent demolition in 2005 when Auckland City Council gave it a category B heritage scheduling. That also resulted in a change to the design of the Fiore apartment building, eventually completed as 2 structures, with the old corner building incorporated beneath the second apartment building.

Leases:

CBD

Hobson St

Fiore, 166 Hobson St:
Features: 200m² office in the revived Wong Doo building (ex-Canvas City) at the corner of Hobson & Cook Sts
Rent: leased in March for $110,000/year net & gst, premises rental ground floor $700/m², first floor $400/m²
Agents: Terry Kim, Nelson Patchett & Sarah Boles

North-east

Wairau Valley

49 Porana Rd, unit 2:
Features: 130m² industrial unit – warehouse 120m², office 10m², 3 parking spaces
Rent: leased in March for $22,100/year net + gst, premises rental $170/m² (parking free)
Agents: Adam Watton & Adam Curtis

71 Wairau Rd:
Features: 246m² industrial unit – office 88m², warehouse 158m²
Rent: leased in March for $44,720/year net + gst, premises rental $181.79/m²
Agent: Colin Harper

Attribution: Agency release.

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Whillans completes 3 transactions

Whillans Realty Group Ltd has completed 3 notable transactions – an apartment development site on Hobson St (image above of potential development), a Grafton property and an Albany property to Metlifecare Ltd – in the wake of its large sale in February of Kauri Property Fund Ltd’s Tamaki estate to the Goodman Property Trust (where Whillans’ image of the site was used without naming the agency).

Metlifecare settled its purchase of an Albany site for a retirement village last week, but still didn’t put a price tag on it. The agency involved in the transaction, Whillans Realty, says it went for $750/m².

CBD

Victoria Quarter

201 Hobson St:
Features: 
563m² strategic management area 3 development site backing on to the narrow Nicholas St, which runs between Hobson & Nelson Sts, with resource consent for a 12-storey 60-unit apartment block, vacant 2-storey commercial building between 12-storey Stanford Apartments & 2-storey Hobson Lofts
Outcome: sold for $4.69 million at $8326/m²
Agent: Brice Clark

Isthmus east

Grafton

11 Park Avenue:
Features: 769m² residential 7B site, character dwelling with net lettable area of 246m²
Outcome: sold for $3.4 million at $4421/m²
Agent: Henry Thompson

North-east

Albany

98 McClymonts Rd, block A1:
Features: 3.17ha development business 11A site on the corner of McClymonts Rd & Don McKinnon Drive
Outcome: sold to Metlifecare Ltd for $23.7 million at $750/m²
Agent: Bruce Whillans

Earlier story:
11 February 2016: Goodman buys Panmure development site

Attribution: Agency release.

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Altitude & Eden apartments sell

Both apartments auctioned at City Sales yesterday were sold under the hammer, one in the Altitude on the corner of Hobson & Kingston Sts and the other in the Eden Apartments on Eden Crescent.

CBD

Hobson St

Altitude, 34 Kingston St, unit 5B:
Features: 37m², 2 bedrooms
Outgoings: rates $1064/year including gst; body corp levy $3369/year
Income assessment: $/week
Outcome: sold for $252,500
Agents: Chris Bell & Lucy Piatov

Learning Quarter

Eden Apartments, 32 Eden Crescent, unit 9D:
Features: 72m², 2 bedrooms, 2 bathrooms, 2 decks
Outgoings: rates $1767/year including gst; body corp levy $4814/year
Outcome: sold for $588,000
Agents: James Li

Attribution: Auction.

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9 apartments sell at Barfoots

9 apartments & suburban townhouses were sold under the hammer at Barfoot & Thompson’s auction on Wednesday, or at pre-auction. [Another sale I recorded on Wednesday was of a stand-alone house, which I don’t include in these transaction reports.]

CBD

Hobson St

Fiore, 152 Hobson St, unit 805:
Features: 64m², one bedroom, balcony, secure parking space, storage locker
Outcome: sold for $484,000
Agents: Sarah Garlick

Victoria Quarter

Zest, 72 Nelson St, unit 1330:
Features: fully furnished 2 bedrooms, balcony
Outgoings: body corp levy $3518/year
Outcome: sold for $315,000
Agents: Aaron Cook & Betty Shao

Isthmus east

Ellerslie

1A Harrison Rd, unit 22:
Features: m², 3 levels, 3 bedrooms, 2 bathrooms, deck, internal access garage                                 , extra parking space
Outgoings: body corp levy $1037/year
Outcome: sold for $350,000
Agents: Robben Li & Dragon Zhou

Newmarket

373 Khyber Pass Rd, unit 9:
Features: studio, balcony
Outgoings: body corp levy $3080/year
Outcome: sold for $246,000
Agents: Amanda Morrison & Frank Peng

Parnell

Liberty, 2 Augustus Terrace:
Features: 3 bedrooms, 3 bathrooms, office, balcony, double garage
Outcome: no bid
Agents: Cheryl Burgess & Ian Griffiths

Farnham Terraces, 8 Farnham St, unit 6E:
Features: 2 bedrooms, 2 bathrooms, deck, 2 covered parking spaces
Outcome: sold for $750,000
Agents: Sam Yang

Stonefields

Astera, 1 Bluegrey Avenue, unit 309:
Features: 96m², 2-bedroom penthouse, 2 bathrooms, 14m² balcony, 2 undercover parking spaces, storage area
Outgoings: body corp levy $4120/year
Outcome: sold for $860,000
Agents: Kelly Midwood

Saltus, 2 Bluegrey Avenue, unit G06:
Features: 103m², 3 bedrooms, covered patio, 2 parking spaces
Outgoings: body corp levy $4222/year
Outcome: sold for $830,000
Agents: Kelly Midwood

Isthmus west

Eden Terrace

Eden Terrace, 11 Charlotte St, unit 1J:
Features: 2 bedrooms, 2 parking spaces
Outcome: sold prior
Agents: Livia Li & Alan Guo

De Rohe, 10 Flower St, unit 107:
Features: 55m², 2 bedrooms, secure parking space
Outgoings: body corp levy $3959/year
Outcome: sold for $326,000
Agents: Estee Zeng

Attribution: Auction.

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Vacant boarding house, 7 apartments & suburban units sell at Barfoots

A vacant North Shore boarding house, a cbd apartment and 6 suburban residential units sold through Barfoot & Thompson’s auction on Wednesday, including 2 units sold prior.

CBD

Hobson St

Imperial Gardens, 135 Hobson St, unit 218:
Features: 52m², 2 bedrooms, 2 bathrooms (one an ensuite), secure parking space, storage room
Outcome: withdrawn from auction
Agent: Simon Cai

Fiore, 152 Hobson St, unit 1206:
Features: 2-bedroom penthouse, 2 bathrooms, large balcony, secure parking space
Outcome: passed in
Agent: Jason Li

Learning Quarter

Connaught, 14 Waterloo Quadrant, unit 5F:
Features: 2 bedrooms, secure parking space
Outgoings: body corp levy $6791/year
Outcome: sold for $665,000
Agents: Aaron Cook & Betty Shao

Viaduct Harbour

The Point, 121 Customs St West, unit 210:
Features: leasehold, 2 bedrooms, 2 bathrooms, deck, secure parking space
Outgoings: body corp levy $7568/year, ground rent $13,338/year
Outcome: no bid
Agents: Philip Davis & Paul Humphries

Isthmus east

Kohimarama

68 Hawera Rd, unit 2:
Features: one bedroom, carport, offstreet parking
Outcome: sold for $579,000
Agent: Helen Clelland

Newmarket

8 Sarawia St, unit 4:
Features: 2 bedrooms, courtyard, offstreet parking
Outgoings: body corp levy $900/year
Outcome: sold for $665,000
Agent: Alex Baker

Parnell

28 Balfour Rd, unit 302:
Features: 149m², 3 bedrooms, 2 bathrooms, 11m² deck, 2 parking spaces
Outgoings: body corp levy $5654/year
Outcome: passed in
Agents: Cindy Yu & Bobby McMillan

Mirage, 88 The Strand, unit 503:
Features: leasehold, one bedroom, carport
Outgoings: body corp levy $9825/year
Outcome: no bid
Agents: Bella Stefano & Sherry Shao

Remuera

38 Arney Crescent, unit 3:
Features: 2 bedrooms, 2 bathrooms, study, deck, carport, offstreet parking space
Outcome: sold prior
Agents: Alex Baker & Julie Fitzpatrick

660 Remuera Rd, unit 2:
Features: 3 bedrooms, 2 bathrooms, basement workshop, garage + 2 carport spaces & offstreet parking
Outcome: sold prior
Agent: Kaye Dobson

14B Ventnor Rd:
Features: 3 bedrooms, 3 bathrooms, family room & separate lounge, study, covered balconies, 3-car garage, small garden
Outgoings: body corp levy $20,213/year
Outcome: sold for $2.925 million
Agents: Nicholas Lyus & Julia Nah

Isthmus west

Avondale

2, 4 & 6 Eastdale Rd:
Features: 3 2-bedroom brick & tile units, each with covered parking space
Outcome: passed in at $1.52 million; units also passed in individually, No 6 at $530,000, No 2 at $470,000, No 4 at $450,000
Agents: Rick Taylor & Brett Turnbull

Mt Eden

61B Balmoral Rd, unit 4:
Features: 2 bedrooms, brick & tile unit, carport
Outcome: sold for $650,000
Agents: Sara Knight & Vern Hines

Mt Roskill

81 Swan Rd, unit 2:
Features: 2 bedrooms, deck, single garage
Outcome: sold for $495,000
Agent: Heather Hannah

North-east

Takapuna

42 Northcote Rd:
Features: 1324m² site, recently refurbished 14 bedrooms, 25 beds, parking
Outcome: sold for $2.06 million
Agents: Jim Liu & Cam Paterson

Attribution: Auctions.

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5 Shore leases and a Fiore shop sale signed

Bayleys North Shore agents have recorded 3 leases in the Wairau Valley among 6 transactions in August-September. The one sale was of a shop in the Fiore apartment block on Hobson St, across in the Auckland cbd.

Sales

CBD

Victoria Quarter

164-168 Hobson St, shop 2:
Features: 56m² shop, one parking space
Outcome: sold for $566,521 + gst
Agent: Terry Kim

Leases

North-east

Glenfield

575 Glenfield Rd, unit 5A:
Features: 115m² shop
Rent: $45,000/year + gst + opex at $391/m²
Agents: Terry Kim & Damian Stephen

Takapuna

71 Barrys Point Rd, unit 3:
Features: 119m² office, 5 parking spaces
Rent: $47,760/year + gst + opex at $270/m²
Agent: Michael Nees

Wairau Valley

11 Colway Place, unit 2:
Features: 158m² – warehouse 111.56m², office 46.8m², 2 parking spaces
Rent: $22,000/year net at $139/m²
Agent: Colin Harper

49 Porana Rd, unit 2:
Features: 135m² warehouse, 2 parking spaces
Rent: $17,500/year net at $135/m²
Agent: Adam Watton

8 Target Court, unit 1:
Features: 1277m² site – warehouse 192m², yard 1085m²
Rent: $40,000/year net
Agent: Trevor Duffin

Attribution: Agency release.

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Character loft sold

A character-filled apartment in Hobson Lofts, on Hobson St – exposed brickwork, beams & ceiling timber – was sold at Bayleys’ residential auction on Wednesday.

CBD

Victoria Quarter

Hobson Lofts, 203 Hobson St, unit J:
Features: one bedroom loft, high stud
Outgoings: rates $1584/year including gst; body corp levy $2894/year
Outcome: sold for $415,000
Agents: Diane Jackson & Julie Prince

Attribution: Agency release.

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First use of council heritage fund is for Wong Doo building & Airedale cottages

Auckland Council will use its built heritage acquisition fund for the first time to refurbish the historic Wong Doo building (1884-85) at the corner of Hobson & Cook Sts and Airedale Cottages (1856) on Airedale St in the cbd.

The battle for the Wong Doo building was itself becoming historic – dating back to 2005, when councillors on the old Auckland City Council made a clear statement that the rules on knocking down old buildings had changed, even if consents for demolition & construction were in place.

The Wong Doo building in 2006, before the first Fiore apartment tower was built beside it.

The Wong Doo building in 2006, before the first Fiore apartment tower was built beside it.

Dae Ju Developments Co Ltd (now KNZ International Co Ltd, a sister company to the present developer, KNC Construction Ltd) was given the blunt option at a council planning fixtures committee meeting in April 2005: Agree to hold off & consider incorporating existing buildings in the new development, or have the application publicly notified.

Former city planner John Childs, acting for Dae Ju, chose the defer-&-consider option. He’d arrived at the council committee meeting unaware that heritage campaigner Allan Matson had asked the council 3 months earlier to instigate a plan change to schedule the buildings at 152-160 Hobson St, for which Dae Ju won demolition consent in 2004.

Dae Ju had intended to build linked twin apartment towers but, after striking Mr Matson’s heritage campaign, went on to build only the first 18-storey Fiore apartment building. The Korean-owned company was allowed to demolish a row of Edwardian shops to make way for the first 120-unit Fiore on Hobson apartments, and used the Canvas City building as a base for its construction team.

The Wong Doo building – last occupant Canvas City – will return to its dual retail & residential roots, at the foot of the second Fiore apartment building.

KNC Construction Ltd chief executive Ben Lee said the building would add unique character & value to the company’s planned Hobson Fiore II shopping & residential complex: “We did buy the building initially with the intention of pulling it down and starting from scratch, but we are very happy with this joint venture with Auckland Council and what we will be able to offer both residential & retail tenants.”

The Wong Doo building previously held a textile & fireworks business run by Chinese community figure Thomas Wong Doo and was a hub for the local Chinese community in the mid-20th century.

Historic Places Trust’s northern general manager Sherry Reynolds said both the Wong Doo building and the Airedale cottages were an important part of the heritage landscape of Auckland’s city centre: “The Wong Doo building dates back to the 1880s and has particular significance for its strong connections with the Chinese community over the past century through the Wong Doo family.

The cottages at 30-32 Airedale St in 2008.

The cottages at 30-32 Airedale St in 2008.

“The Airedale cottages are also important as rare examples of mid-19th century workers’ housing in central Auckland dating back to the first 20 years of the city’s foundation – which makes them particularly special.

“The Historic Places Trust is pleased that a very positive heritage outcome has been achieved for these 2 heritage buildings, and congratulates the council for its strong leadership both in developing the built heritage acquisition fund and making the decision to invest funds into these 2 very significant buildings.”

The council established the acquisition fund in 2011 to acquire at-risk heritage buildings and other built features that might suffer from destruction by neglect, with the intention of restoring and then onselling them.  Under the fund, the council can acquire at-risk buildings, restore them or ensure they are restored, then onsell them with legal protection in place after a short-term hold.

Various buildings in inner-city, suburban & maritime settings are under consideration for support from this fund, which was started with $10 million in 2011 and accumulates a further $2.9 million/year.

Mayor Len Brown said after the council’s parks, recreation & heritage forum made the funding decision this week: “This is an excellent outcome for the first use of the fund. We are saving a piece of Auckland history as part of a project which will inject new investment, retail & residential use into an area which needs revitalisation.”

Forum chairwoman Sandra Coney said the 2 buildings would contribute great character to their neighbourhoods” “They are good demonstrations of the role that restored heritage buildings have to play in providing a rich urban landscape and adding to our quality of life.

“This is one tool the council has to address Auckland’s all-too-common problem of heritage demolition by neglect, when owners don’t have the inclination – or far more commonly, the funds – to restore buildings which are important parts of Auckland’s history.”

Links: Historic Place Trust, Airedale Cottages

Attribution: Council release, photos & background by Bob Dey.

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