Archive | CBD

Statesman & Stanford apartments sell

2 of the 3 apartments auctioned at Ray White City Apartments yesterday were sold under the hammer – one in the Statesman (pictured) and the other in the Stanford, along with a Papatoetoe house sold at pre-auction.

CBD

Learning Quarter

Statesman, 1 Parliament St, unit 514:
Features: 30m² internal, furnished studio, balcony, storage locker
Outgoings: rates $1214/year including gst; body corp levy $2312/year
Income assessment: $390/week current, assessment $400-420/week furnished
Outcome: sold for $380,000
Agents: Michelle & Judi Yurak

Victoria Quarter

Stanford, 189 Hobson St, unit 3E:
Features: 37m², 2 bedrooms
Outgoings: rates $1110/year including gst; body corp levy $4238/year
Income assessment: $480/week, fixed until February
Outcome: no bid, back on the market at $349,000
Agents: Ron Yang

North-east

Takapuna

Spencer on Byron, 9-17 Byron Avenue, unit 507:
Features: 48m², one bedroom, sold on “as is, where is” basis – remediation cost recovery & further expense assigned to buyer
Outgoings: rates $3918/year including gst; body corp levy $2982/year
Income assessment: in hotel pool
Outcome: sold for $148,000 + gst
Agents: James Mairs & Gillian Gibson

Attribution: Auction.

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4 apartment & unit sales out of 13 on offer, one commercial sale under the hammer

Of 14 apartments, townhouses & units auctioned at Barfoot & Thompson’s city office over the last 2 days, 3 sold under the hammer and one post-auction, and one was withdrawn.

The one commercial property auctioned at yesterday’s regular apartments & commercial session, a shop in the Mt Roskill village, was sold under the hammer.

Apartments, townhouses & units:

CBD

Learning Quarter

Statesman, 1 Parliament St, unit 1305:
Features: one-bedroom apartment, balcony
Outgoings: body corp levy $3532/year
Outcome: sold for $508,000
Agent: Sarah Zhang

Uptown

39 Pitt St, unit 25:
Features: 2-bedroom apartment, covered parking space
Outgoings: body corp levy $2096/year + special levy this year $1499 for painting
Outcome: passed in
Agents: Luke Shi & Alexander Kramarenko

Victoria Quarter

Fiore on Hobson, 152 Hobson St, unit 205:
Features: one-bedroom apartment, balcony
Outgoings: body corp levy $2682/year
Outcome: passed in, back on market at $379,000
Agents: Livia Li & Alan Guo

Isthmus east

Epsom

5 Bloomfield Place:
Features: 2-level 4-bedroom unit, 2 bathrooms, offstreet parking
Outcome: no bid, sold post-auction
Agents: Frances Li & Ian Thornhill

30 Kimberley Rd, unit 4:
Features: 2-bedroom ground-floor unit, offstreet parking space
Outcome: no bid, back on market at $599,000
Agent: Cici Wang

One Tree Hill

133 Campbell Rd, unit 3:
Features: 2-bedroom unit, garage
Outcome: sold for $750,500
Agents: Tommy Joseph Fernandez & Kathi Yuen

Parnell

Dakota, 5 Cheshire St, unit 3J:
Features: 74m², 2-level 2-bedroom apartment, 2 bathrooms, secure parking space
Outcome: sold for $811,500
Agent: Steve Su

11 Dovedale Place:
Features: leasehold, reclad 3-bedroom townhouse, 2 bathrooms, single internal-access garage, code compliance certificate to be issued before settlement
Outcome: no bid
Agent: Gill Macdonald

Remuera

Stonecrest, 707 Remuera Rd, unit 3C:
Features: 3-bedroom apartment, 2 bathrooms, deck, 3 parking spaces, storage locker
Outcome: no bid
Agents: Leila MacDonald & Michael Bacher

32 & 34 Wiles Avenue:
Features: 1437m² section in 2 titles, 2 ex-state duplexes, one of 2 bedrooms, the other of one bedroom; resource & building consents issued for 2 new homes – one on a net 562m², floor area 390m², the other on 775m², floor area 456m²
Outcome: no bid
Agent: Michelle Zhang

St Johns

95I Felton Mathew Avenue:
Features: 4-bedroom apartment, offstreet parking
Outcome: no bid
Agent: Peter Hutson

95K Felton Mathew Avenue:
Features: 3-bedroom apartment, deck, offstreet parking
Outcome: withdrawn from auction
Agents: Maree Currie & Paul Robertson

Stonefields

9A Guyon St:
Features: 102m² site, 2-bedroom terrace, courtyard, carport
Outcome: passed in, back on market at $979,000
Agent: Philip Oldham

North-west

Kelston

8A Kelwyn Rd:
Features: 432m² section, 3-bedroom townhouse, 2 bathrooms, deck, patio, double internal-access garage
Outcome: no bid, back on market at $669,000
Agents: Cici Wang & Leo Liu

Commercial

Isthmus west

Mt Roskill

1484C Dominion Rd:
Features: shop on 147m² site
Rent: $8406/year + gst on lease to Vodafone NZ Ltd renewed for 2 years from today
Outcome: sold for $726,000
Agent: Nick Wilson

Attribution: Auction documents.

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Empire unit sells, Guardian & Spencer passed in

A unit under long-term management in the Empire apartments was sold at Ray White City Apartments’ auction yesterday, but units in the Guardian and Spencer on Byron were passed in.

CBD

Learning Quarter

Empire, 23 Whitaker Place, unit 710:
Features: 54m², 3 bedrooms, under Theta Management Ltd lease until April 2026
Outgoings: rates $1188/year including gst; body corp levy $4725/year
Outcome: sold for $150,000 + gst
Agents: Ron Yang & Damian Piggin

Queen St

Guardian, 105 Queen St, unit 612:
Features: 47m², high stud one bedroom
Outgoings: rates $1380/year including gst; body corp levy $3747/year
Income assessment: $450-470/week
Outcome: passed in at $390,000
Agent: Cameron Brain

North-east

Takapuna

Spencer on Byron, 9-17 Byron Avenue, unit 1406:
Features: 48m², one bedroom, balcony, parking space, in hotel pool – Hotel Management (Takapuna) Ltd (Graham Wilkinson); offered on an “as is, where is” basis with remediation of building defects liabilities & compensation assigned to the buyer; owners agreed on Tuesday on starting remediation works
Outgoings: rates $4469/year including gst; body corp levy $3554/year
Outcome: passed in after a bid at $120,000 & a vendor bid at $300,000 + gst
Agents: James Mairs & Gillian Gibson

Attribution: Auction.

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6 units sell at Barfoot residential auctions

6 of 10 apartments, townhouses & suburban units auctioned at Barfoot & Thompson’s city office this week were sold under hammer.

They included one St Lukes apartment with remedial issues, sold at mortgagee auction.

CBD

Victoria Quarter

11 Nicholas St, unit 8C:
Features: 105m², 2-bedroom apartment, 2 bathrooms, balcony, tandem parking
Outcome: passed in
Agents: Stephen & Leo Shin

Isthmus east

Ellerslie

14 Arthur St, unit 3:
Features: 2-level 3-bedroom townhouse, patio, internal-access garage
Outcome: sold for $962,000
Agents: Neno Radinovich & Daniel Duan

Glendowie

119 Riddell Rd, unit 1:
Features: 2-bedroom unit, garage
Outcome: sold for $780,000
Agent: Andrew Pender

Greenlane

22G Aratonga Avenue:
Features: one-bedroom unit, deck, double garage
Outcome: no bid
Agent: Kanta Lala

Newmarket

Kings Square, 26 Remuera Rd, unit 602:
Features: 3-bedroom apartment, 2 bathrooms, balcony, 2 covered parking spaces
Outcome: sold for $1,023,500
Agents: Sam Leong & Wynne Wong

Isthmus west

Freemans Bay

5 Foundries Lane, 61 Wellington St:
Features: 81m², 2-bedroom townhouse, deck, offstreet parking
Outcome: no bid, back on market at $1.149 million
Agent: Neil Dayal

Mt Albert

St Lukes Gardens, 11 Morning Star Place, unit 1E:
Features: 2 bedrooms, balcony, 2 offstreet parking spaces, across the road from Westfield St Lukes mall; the building has remedial issues and further levies are contemplated, offered on an “as is, where is” basis
Outcome: sold at mortgagee auction for $278,000
Agent: Philip Davis

North-west

Kelston

9 Alston Avenue:
Features: 1167m² section, block of 4 2-bedroom units with carports, all on one title
Outcome: sold for $1.515 million
Agent: Rick Thevenard

Massey

62 Cyclarama Crescent, unit 2:
Features: 2-bedroom unit, deck, single carport
Outcome: sold for $601,000
Agents: Aaron Julian & Prasanna Kumar

New Lynn

126 Lynwood Rd, unit 1:
Features: ground-floor 2-bedroom unit, offstreet parking
Outcome: passed in, back on market at $465,000
Agent: Lisa Redgrove

Attribution: Agency.

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Port masterplan proposals include adding & subtracting wharf space, car-handling building, hotel

Auckland Council-owned Ports of Auckland Ltd released its draft 30-year masterplan today, which outlines a range of projects it says are needed for the port to keep delivering for Aucklanders until the port is moved.

Image above: The port as it might appear in 30 years from the Sky Tower.  

Key points:

  • 275ha of old wharf removed, 1.25ha added
  • New wharf along Bledisloe Terminal north end
  • Marsden Wharf & ‘B1’ removed
  • Container terminal automation
  • Deepwater terminal berth completed
  • 3 new cranes
  • 5-storey car handling building freeing space on Captain Cook Wharf for public use
  • New hotel or other building for public use.

Keeping port relocation in mind

Chief executive Tony Gibson said: “Our owner, Auckland Council, is undertaking a project to find a new port location. But shifting a port takes time. Finding the best location, getting consent, securing funding and undertaking construction will take decades. In the meantime, we need to ensure that we can continue to deliver freight for importers, exporters & Aucklanders.

“We have listened to what our stakeholders & Aucklanders want & need from the port & our operations in relation to the Waitemata Harbour. In response, we’ve developed a draft 30-year masterplan that we think balances Auckland’s economic, social & environmental needs. Our plan provides transparency & certainty about what we need to do to continue delivering for Aucklanders. It creates space for freight and gives Auckland Council the time it needs to make a sound decision on where, when & how to move the port.

“Auckland’s population is growing and Ports of Auckland needs to adapt to keep pace.”

The projects

“Our masterplan outlines all the projects that we will need to undertake until such time as the port is relocated. It includes the automation of the container terminal, completion of a deepwater terminal berth and installation of 3 new cranes. This work, along with other projects outlined in the plan, will provide us with additional capacity in our container terminal to serve a population of up to 5 million – 3 times the number of people living in Auckland today.

“We are facing significant capacity issues on our general cargo wharves. We have a plan to develop a 5-storey car handling building which will provide more capacity, hide cars from view and free up space on Captain Cook Wharf for public use. On top of this building we will create a new waterfront park and, next to it on Quay St, we have earmarked space for a new hotel, or other such building for public use.

New piled wharf

“We also have a plan to increase berth space. We are proposing to build a new wharf running east-west along the north end of Bledisloe Terminal, in line with the recommendations of Auckland Council’s Port future study. It will be a piled structure in line with our commitment to no further reclamation, but it will reach an extra 13m north into the harbour. This 13m is essential to the success of the other wharf projects.

“We will also remove all of Marsden Wharf and part of a wharf known as ‘B1’. This will bring 3 redundant wharves back into use and create nearly a kilometre of new general cargo berth space.

“In total we are proposing to remove more wharf than we build, removing 1.275ha of old wharf and adding 1.25ha of old wharf.

“We want Aucklanders to be proud of their port, and for the projects outlined in our plan to create a legacy. We’ve tried to develop a plan that fairly reflects the feedback we’ve received and also balances sometimes divergent wants & needs. We’ve had to make some compromises, but we are confident the proposed plan will ensure we can continue to serve Auckland’s growing population.

“We will need to start applying for consents for some of the more urgent projects soon. As we do so, we will engage with the community and provide regular updates.”

First step to engagement

“As a first step in this process, I would like to invite all Aucklanders to visit www.masterplan.poal.co.nz to learn more about our draft masterplan and give us feedback. We will continue to engage with all our stakeholders as we start to move forward with these projects.”

Link: Ports of Auckland draft 30-year masterplan

Attribution: Company release.

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Waterfront & Symonds St apartments sell

2 central city apartments were sold under the hammer – in the waterfront Quay Regency and on Symonds St – and 2 were passed in at Bayleys’ auction yesterday.

CBD

Learning Quarter

96 Symonds St, unit 1401:
Features: 2 bedrooms
Outgoings: rates $1331/year including gst; body corp levy $4849/year
Income assessment: under management, lease renewed to December 2025, rent $22,360/year
Outcome: sold for $250,000
Agent: Marcus Fava

Quay Park

Scene 1, 2 Beach Rd, unit 1510:
Features: leasehold, 2-level penthouse, 3 bedrooms, 2 bathrooms, 2 balconies, 3 parking spaces, remedial work pending
Outcome: sold in July for $359,000, no bid today
Agents: Marcus Fava & Paul Sissons

Victoria Quarter

Heritage Farmers, 35 Hobson St, unit 707:
Features: 31m² studio
Outgoings: body corp levy $5683/year
Income assessment: in hotel pool until March 2018, guaranteed monthly returns
Outcome: passed in at sole bid of $200,000
Agents: Carl Russell & Hamish Duke

Waterfront

Quay Regency, 148 Quay St, unit 3E:
Features: 93m², 2 bedrooms
Outgoings: rates $2097/year including gst; body corp levy $5220/year
Outcome: sold for $640,000
Agents: Harry Cheng & Cheryl Regan

Attribution: Auction.

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Updated: Takapuna properties bought on development-based yields as 9 sell at Bayleys’ commercial auction

Published 26 October 2017, updated 28 October 2017:
Bayleys’ 7th Total Property commercial auction in Auckland for the year ended with 9 properties sold, 8 passed in, and the auction of the one remaining property on the list was deferred a week. Another, in Birkenhead, has been sold post-auction.

The sales included 2 adjoining converted houses (pictured) on Lake Rd, Takapuna, sold at yields on present uses of 2.7% & 4.1%. Both have more intensive development potential.

CBD

Waterfront

Sebel, 85-93 Customs St West, unit S:
Features: leasehold, 628m² floor area, tenant Soul Bar on 9-year lease + rights of renewal until 2038
Rent: $437,500/year net + gst + outgoings including ground rent, rent reviews to CPI + fixed increases
Outcome: passed in
Agent: Mark Pittaway

16 Viaduct Harbour Avenue, unit 1A, ground floor:
Features: leasehold, 439m² office including balcony, 5 secure covered parking spaces
Rent: $248,500/year gross + gst, net $124,026/year + gst, 6-year lease to Auckland Council with rights of renewal
Outcome: passed in
Agent: Mark Pittaway

Isthmus east

Onehunga

360 Onehunga Mall:
Features: 538m² site zoned residential – terrace housing & apartment building, 2-level 341m² building constructed in 2010, ground-floor liquor store, 4-bedroom accommodation above
Rent: $93,712.50/year net + gst
Outcome: sold for $1.96 million at a 4.78% yield
Agents: Ken Lu, Damien Bullick & Alan Haydock

Panmure

100 Queens Rd:
Features: 979m² site, 1701m² floor area, multi-tenanted retail property
Rent: $131,181/year net + gst + outgoings, rising to $139,432/year next April 
Outcome: auction deferred until Wednesday 6 December
Agent: Mark Pittaway

Penrose

766 Great South Rd:
Features: 998m² site, 300m² single-level medical clinic, multiple tenants include GP practice, physiotherapist, occupational therapist & accountant
Rent: $65,050/year net + gst
Outcome: sold for $1.065 million at a 6.11% yield
Agents: Tony Chaudhary, Janak Darji, James Hill & James Chan

25 Walls Rd:
Features: 1037m² light industry-zoned site, 702m² high stud warehouse & office building, new 6-year lease to well established import & distribution tenant
Rent: $106,302/year net + gst     
Outcome: sold for $2.305 million at a 4.61% yield
Agents: Mike Adams & Phil Haydock

Isthmus west

Mt Eden

54 Mt Eden Rd:
Features: 400m² site zoned mixed use, in Grammar zone, 130m² villa, garage + 3 parking spaces
Outcome: passed in at $1.4 million
Agents: Alan Haydock, Phil Haydock & Damien Bullick

North-east

Birkenhead

221-225 Hinemoa St:
Features: 522m² floor area, medi-spa & beauty salon a tenant since 2004 & on new 5-year lease, 2 small shops, penthouse apartment
Rent: $122,304/year net + gst from commercial premises, apartment vacant
Outcome: passed in at $3.5 million
Agents: James Kidd & Michael Nees

Updated: 60-62 Mokoia Rd:
Features: 405m² site in town centre zone (21m height limit) retail strip, 744m² floor area, 3 tenants
Rent: $131,018.33/year net + gst + outgoings
Outcome: passed in at $2.2 million, sold shortly after auction for $2.3 million at a 5.7% yield
Agents: Michael Nees & Nick Howe-Smith

Takapuna

58-60 Jutland Rd:
Features: 371m² site zoned neighbourhood centre (13m height limit), 398m² 2-level building with mix of commercial & residential tenancies – 3 ground-floor retail units, anchored by a superette, 2 flats above; secondary access at the rear, where there are 4 parking spaces
Rent: $100,088/year net + gst current, development upside   
Outcome: sold for $2.09 million at a 4.79% yield
Agents: Adam Curtis, Damian Stephen & Nick Howe-Smith

398 Lake Rd:
Features: 888m² site in mixed use zone, 321m² 2-level building; the Skin Institute has occupied the premises since 1994 and has recently renewed its lease until September 2023, with 3 further 3-year rights of renewal; zoning provides potential for residential accommodation with sea views on top of commercial base
Rent: $165,000/year/net + gst    
Outcome: sold for $4.04 million at a 4.08% yield
Agents: Ranjan Unka, Tonia Robertson & Ashton Geissler

400 Lake Rd:
Features: 890m² site zoned mixed use, 272m² converted split-level character residential building, fully leased to long established law firm Turner Hopkins with 5½ years to run on lease, longer-term potential for multi-level redevelopment
Rent: $96,000/year net + gst
Outcome: sold for $3.61 million at a 2.66% yield
Agents: Tonia Robertson, Ranjan Unka & Terry Kim

North-west

Henderson

42 Paramount Drive, units 6 & 7:
Features: 280m² for 2 units consented for restaurant use, separate entrances, in retail complex off Lincoln Rd
Outcome: sold vacant for $1.408 million
Agents: David Han, Terry Kim & Matt Lee

South

Beachlands

40 9th View Avenue:
Features: 1416m² site zoned residential – terrace housing & apartment building, opposite entranceway to Pine Harbour marina, modern 640m² single-level showroom building;
Rent: $36,443/year holding income
Outcome: sold for $1.65 million from lease to Pine Harbour Motorsport Museum
Agents: Nick Bayley & Dave Stanley

East Tamaki

46 Neilpark Drive:
Features: 2100m² site, 2 adjoining clearspan warehouse & office units totalling 1012m²
Rent: $110,000/year net + gst holding income from short-term leaseback of both units to vendor
Outcome: sold shortly after auction for $2.65 million
Agents: Katie Wu, John Bolton & Roy Rudolph

Papakura

80 Hunua Rd, lot 2:
Features: 9453m² site, 6302m² warehouse
Rent: $360,000/year net + gst     
Outcome: passed in at $4 million
Agents: Shane Snijder & Peter Migounoff

Wiri

55 Ash Rd, unit 4:
Features: 200m² unit in industrial precinct, parking
Rent: $28,600/year net + gst
Outcome: passed in at $625,000
Agents: Karl Price & Nick Bayley

South of the Bombays

Manawatu – Dannevirke

69 High St:
Features: 617m² site, 693m² building, long-term tenant Westpac on new 5-year lease, 3 more 3-year rights of renewal, second tenant Cooly Properties Ltd on one-year lease to end of next year
Rent: $59,000/year net + gst from bank, $30,000/year net + gst from second tenant
Outcome: no bid
Agent: Rollo Vavasour

Attribution: Auction.

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All 7 passed in at city apartments auction

All 7 properties auctioned at Ray White City Apartments today – 6 apartments & a Ponsonby section up for development – were passed in. One attracted no bid, while bidding on another went close to a lowered reserve.

CBD

Learning Quarter

St Paul Apartments, 4 St Paul St, unit 4D:
Features: 34m², one bedroom, remedial issues
Outgoings: rates $721/year including gst; body corp levy $4874/year
Income assessment: $375/week, fixed until February
Outcome: passed in at $136,000
Agent: Dominic Worthington

Connaught, 14 Waterloo Quadrant, unit 7D:
Features: 48m², furnished one bedroom
Outgoings: rates $1838/year including gst; body corp levy $4252/year
Income assessment: $500-550/week
Outcome: passed in at $585,000
Agents: Mitch Agnew & Ryan Bridgman

Victoria Quarter

Hobson Oaks, 188 Hobson St, unit 701:
Features: 49m², 2 bedrooms, balcony, building managed by VR Group, leased to hotel
Outgoings: rates $5166/year including gst; body corp levy $6885/year
Outcome: passed in at $280,000 + gst
Agents: Damian Piggin & Daniel Horrobin

Altitude, 34 Kingston St, unit 5F:
Features: 40m², furnished 2 bedrooms
Outgoings: rates $1110/year including gst; body corp levy $3913/year
Income assessment: $460-480/week furnished
Outcome: passed in at $324,500
Agents: Damian Piggin & Daniel Horrobin

Heritage Tower, 22 Nelson St, unit 402:
Features: 63m², one bedroom, balcony, parking space
Outgoings: rates $1422/year including gst for unit, $156/year for parking; body corp levy $6984/year, parking $995/year
Outcome: passed in after sole bid from vendor at $500,000
Agents: Damian Piggin & Daniel Horrobin

Isthmus east

Parnell

Glenross, 5 Sarawia St, unit 7:
Features: 150m², 1930s 3-bedroom unit, parking space, category D building requires seismic strengthening
Outgoings: rates $2763/year including gst; body corp levy $5036/year; $10,715 levy toward replacing roof already paid
Income assessment: $800-850/week furnished
Outcome: no bid
Agents: Krister Samuel

Isthmus west

Ponsonby

89 Summer St:
Features: 243m² section, one-bedroom house, offered “as is, where is”
Outgoings: rates $3098/year including gst
Outcome: passed in after sole bid from vendor at $750,000
Agents: Zarlane & Bernie Grubisic

Attribution: Auction.

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Buyers hold back from new-build apartment

A unit in the Skyview apartment building under construction on Scotia Place, at the top of Queen St in central Auckland, failed to attract a bid at City Sales’ auction yesterday.

CBD

Uptown

Skyview, 7 Scotia Place, unit 4B:
Features: 53m², one bedroom, study
Outgoings: rates about $1800/year including gst; body corp levy about $2900/year
Outcome: no bid
Agent: Michael Jackson

Attribution: Auction.

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Albany townhouse sells

An Albany townhouse was sold at Bayleys’ city residential auction yesterday, and a Vinegar Lane apartment & a Mt Albert unit were passed in.

CBD

Quay Park

Scene 1, 2 Beach Rd, unit 1510:
Features: leasehold, 2-level penthouse, 3 bedrooms, 2 bathrooms, 2 balconies, 3 parking spaces, remedial work pending
Outcome: sold for $359,000 in July, new auction deferred until Wednesday 1 November
Agents: Marcus Fava & Paul Sissons

Isthmus west

Grey Lynn

11 Vinegar Lane, 501 Aria Apartments:
Features: 2 bedrooms, 2 bathrooms, top floor, vaulted ceilings, tandem basement parking
Outgoings: body corp levy $5179/year
Outcome: no bid
Agent: Blair Haddow

Mt Albert

35 St Lukes Rd, unit 4:
Features: 2-bedroom end unit, conservatory, carport
Outgoings: body corp levy $2465/year
Outcome: passed in at $565,000
Agents: Clive Lay, Rachel Fei & Kalala Bowden

North-east

Albany

41D The Avenue:
Features: 3-bedroom Tuscan-style townhouse, 2 bathrooms, garage
Outcome: sold for $731,000
Agent: Shona Jurlina

Attribution: Auction.

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