Archive | Remuera

6 intensive units sell out of 15 offered at Barfoot auctions

One of 3 apartments on offer sold at Barfoot & Thompson’s specialist apartments auction on Thursday, another had sold at an auction brought forward to Monday, and a townhouse sold at mortgagee auction on Wednesday.

Then at the later Thursday auctions sessions, one apartment & 2 townhouses sold.

Those 6 intensive-property sales were among 15 sales out of 43 residential properties (including 2 sold prior & one withdrawn) on the agency’s city branch auction lists over Tuesday-Thursday.

Those auction lists for the 3 days compare with lists of 80 properties/day at the height of the market late last year & early this year. The success rate is well down and, although I can’t be sure of how far vendors have bent to achieve a sale on the day, I’m aware that many vendors have met the tougher market over the last few months.

CBD

Learning Quarter

The Quadrant, 10 Waterloo Quadrant, unit 1612:
Features: 45m² internal, 13m² deck, 2-bedroom corner apartment, parking space
Outcome: sold for $660,000
Agent: Paul Studman

Connaught, 14 Waterloo Quadrant, unit 3F:
Features: 90m², 2-bedroom corner apartment, storage locker, parking space
Outcome: no bid
Agent: Casey Chen

Shortland St

Shortlands, 5C/97 Shortland St, unit 5C:
Features: 54m², one-bedroom corner apartment, balcony
Outcome: sold for $537,500
Agents: Sarah Garlick & Estee Zeng

Uptown

Eclipse, 156 Vincent St, unit 11J:
Features: 41m², fully furnished one bedroom
Outgoings: rates $1215/year including gst; body corp levy $3556/year
Outcome: passed in, back on market at $415,000
Agents: Selina Zheng & Tommy Zhang

Waterfront

Princes Wharf, 137 Quay St, shed 19, unit 21:
Features: leasehold, one bedroom, deck, parking space
Outcome: sold at pre-auction on 3 July
Agents: Ian Waddams & Donna Rugay

Isthmus east

Ellerslie

10 Hawthorne Place, unit 1:
Features: 2 bedrooms, deck, carport
Outcome: sold for $725,000
Agent: Nick Lyus

19 Robert St, apartments 1 & 2:
Features: 4 bedrooms in 2 apartments in villa, 2 bathrooms, separate lounges, carport for 3 cars + 3 offstreet parking spaces
Outcome: no bid, back on market at $1.385 million
Agent: Steve Hood

Epsom

39 Onslow Avenue, unit 3:
Features: m², 3-bedroom townhouse, 2 bathrooms, deck, carport
Outgoings: rates $/year including gst; body corp levy $/year
Income assessment: $/week
Outcome: sold for $1.453 million
Agents: Sara Knight & Vern Hines

Newmarket

Mosman, 4 Sarawia St, unit 1:
Features: 80m², ground-floor end unit, 2 bedrooms, carport
Outcome: no bid
Agent: Liz Derbyshire

Remuera

71 Ngapuhi Rd, unit 2:
Features: 3-bedroom unit, deck, garage
Outcome: no bid, back on market at $829,000
Agent: Jason Li

78 Waiatarua Rd, unit 2:
Features: 2-bedroom garden unit, garage + utility room
Outcome: no bid
Agents: Stanley& Barbara Armon

St Heliers

30K Tarawera Terrace:
Features: 134m², 2-bedroom penthouse apartment, balcony, tandem garage + guest parking
Outcome: no bid, back on market at $875,000
Agent: Kelly Midwood

3 Walmsley Rd, unit 3:
Features: 2-bedroom unit, basement garage, carport
Outcome: no bid, back on market at $785,000
Agents: Margot Torrance & Lynette Boyd

St Johns

20 Simkin Avenue, unit 1:
Features: 100m², 2-level 2-bedroom townhouse, plus basement, deck
Outcome: sold at mortgagee auction for $120,000
Agent: Philip Davis

Attribution: Agency.

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2 cbd apartments & 3 suburban units sell

2 of the 4 central area apartments auction at Barfoot & Thompson on Thursday were sold under the hammer.

Of 12 suburban intensive residential properties auctioned during the week, 3 were sold under the hammer. 4 new townhouses in a group in Mt Albert were all passed in.

CBD

Learning Quarter

Emily, 22 Emily Place, unit 5E (ex-Four Seasons):
Features: 118m², 3 bedrooms, balcony, in 8-storey art deco former office & warehouse building
Outcome: no bid
Agents: Leo Shin & Zoran Farac

Uptown

Amora, 100 Greys Avenue, unit 7F:
Features: one-bedroom hotel unit
Income assessment: management contracted until 2020, hotel pays the body corporate levies & council rates, annual CPI increase in income, owner has 4300 shares in the company, net income just under $9000/year
Outcome: sold for $215,000 at pre-auction on Friday
Agent: Mike Campbell

Victoria Quarter

Imperial Gardens, 135 Hobson St, unit 218:
Features: 2 bedrooms, storage locker, parking space
Outcome: no bid
Agents: Wendy Feng & Jack Li

SugarTree Prima, 27 Union St, unit 412:
Features: 75m², 2 bedrooms, 2 bathrooms, balcony, parking space
Outgoings: body corp levy $/year
Income assessment: $610/week unfurnished current
Outcome: sold for $695,000
Agent: Aaron Cook

Isthmus east

Ellerslie

14 Ballarat St, unit 1:
Features: 116m², 3-bedroom unit garage
Outcome: passed in, back on market at $698,000
Agents: Kelly Midwood

39 Celtic Crescent, unit 3:
Features: 3-bedroom unit, carport
Outcome: sold for $645,000
Agent: Steve Hood

Epsom

1 Epsom Avenue, unit 9:
Features: 3-bedroom unit, balcony, carport
Outcome: passed in, back on market at $765,000
Agents: George Fong & Paul Sun

Mt Wellington

8 Monaco Place:
Features: 364m² section, 2-bedroom duplex unit, internal-access garage
Outcome: sold for $739,500
Agents: Margaret Johnston & Phyllis Brooks

Newmarket

9 Sarawia St, unit 405:
Features: one-bedroom apartment, carport
Outcome: passed in
Agent: Ray Qu

Remuera

171A Portland Rd, unit 2:
Features: 1/6 share in cross-lease, 2-bedroom unit, carport
Outcome: sold for $724,000
Agent: Steve Hood

Isthmus west

Mt Albert

135 Mt Albert Rd, lot 1:
Features: 368m² section, 227m² floor area, 5.2m² balcony, 5 bedrooms, 3 bathrooms, 5.2m² balcony, double internal-access garage
Outcome: no bid
Agents: Jane Wang & Angela Qi

135 Mt Albert Rd, lot 2:
Features: 369m² section, 232m² floor area, 5 bedrooms, 3 bathrooms, 9.4m² balcony, double internal-access garage
Outcome: passed in
Agents: Jane Wang & Angela Qi

135 Mt Albert Rd, lot 3:
Features: 390m² section, 222m² floor area, 5 bedrooms, 3 bathrooms, 12m² balcony, double internal-access garage
Outcome: no bid
Agents: Jane Wang & Angela Qi

135 Mt Albert Rd, lot 4:
Features: 390m² section, 220m² floor area, 5 bedrooms, 3 bathrooms, 11.5m² balcony, double internal-access garage
Outcome: no bid
Agents: Jane Wang & Angela Qi

23A Malvern Rd, units 1, 2 & 3:
Features: 1171m² section, 3 2-bedroom flats fronting Fowlds Park, , each with a carport
Outcome: no bid
Agents: Ashley Tait & Lisa Te Brake

Mt Eden

23 Fairview Avenue, unit 8:
Features: one-bedroom flat, deck, carport
Outcome: passed in, back on market at $548,000
Agent: Kun Hong    

Attribution: Company release.

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3 intensive homes sell at auction

3 of 8 intensive suburban homes – units, townhouses & cross-leases – were sold at Barfoot & Thompson’s city auctions yesterday. Of the total 20 residential properties on offer (including standalone homes), 5 were sold.

Isthmus east

Mt Wellington

80 Banks Rd, unit 4:
Features: cross-lease, 1/6 share in 2612m², 4 bedrooms, garage
Outcome: passed in at $700,000
Agent: Hamish Hargrave

56 Ferndale Rd, unit 9:
Features: 2-bedroom unit, storage shed, carport
Outgoings: body corp levy $2108/year
Outcome: no bid
Agents: Jane Wang & Angela Qi

51 Ireland Rd, unit 20:
Features: 2-level 2-bedroom townhouse, study, offstreet parking
Outgoings: body corp levy $2773/year
Outcome: sold for $570,000
Agent: Sue Su

5 Lynton Rd, unit 4:
Features: cross-lease, quarter share in 1052m², 2-bedroom unit, carport
Outcome: no bid
Agents: Rain Diao

Parnell

65 Gibraltar Crescent:
Features: 3-bedroom townhouse, 2.5 bathrooms, double internal-access garage
Outcome: no bid
Agent: May Zhang

Remuera

10 Ingram Rd:
Features: cross-lease, half share in 807m², 4 bedrooms, double internal-access garage
Outcome: passed in at $1.96 million
Agents: Cici Wang & Carey Liu

Isthmus west

Grey Lynn

2A Wilton St:
Features: 2-level 2-bedroom unit, offstreet parking
Outcome: sold for $880,500
Agent: André Boddé

Mt Roskill

2 Fearon Avenue, unit 2:
Features: 2-bedroom unit, conservatory, carport
Outcome: sold for $652,000
Agents: Jim Liu & Cicy Zhu

Attribution: Auctions.

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Rosedale unit sells at 4.3%

A Rosedale industrial unit (pictured) was sold at auction by NAI Harcourts on a 4.31% yield on 1 June, but the 2 commercial properties auctioned yesterday were both passed in.

Isthmus east

Onehunga

67 Victoria St:
Features: vacant industrial property, 1359m² site, 788m² floor area
Outcome: passed in
Agents: Jerry Zheng & Ben Liao

Remuera

575 Remuera Rd:
Features: 140m² building being vacated, ground-floor shop & upstairs residential
Outcome: passed in
Agent: Tim Turner

North-east

Rosedale

15C Paul Matthews Rd:
Features: 327.1m² industrial unit – warehouse 201.3m², ground & first-floor offices 125.8m², 5 parking spaces
Rent: $50,000/year net + gst
Outcome: sold for $1.16 million at a 4.31% yield
Agents: Albert Quan & Dave Lane

Attribution: Agency release.

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3 of 5 suburban units sell

3 of the 5 suburban apartments & units auctioned at Barfoot & Thompson’s city office on Wednesday were sold under the hammer.

The agency sold 7 of the 25 residential properties (intensive & standalone) offered at 2 auction sessions.

Isthmus east

Meadowbank

146 St Johns Rd, unit 9:
Features: 2-bedroom unit, courtyard, garden, offstreet parking
Outcome: no bid
Agents: George Damiris & Carl Madsen

Remuera

16 Belmont Terrace, unit 14:
Features: 3-bedroom apartment, balcony, double garage
Outcome: sold for $795,000
Agent: Thomas Farmer

St Heliers

12 Kaimata St, unit 4:
Features: 3-bedroom apartment, 2 bathrooms, deck, 4-car garage
Outcome: no bid
Agent: Margot Torrance

36 Towai St, unit 2:
Features: one-bedroom unit, courtyard
Outcome: sold for $625,000
Agent: Lynette Boyd

Isthmus west

Mt Albert

3 Wagener Place, unit 42:
Features: 2-bedroom duplex townhouse, double carport
Outcome: withdrawn from auction, back on market at $759,000
Agents: Shirley Shen

North-west

New Lynn

Tuscany Towers, 1 Ambrico Place, unit 35:
Features: townhouse on 3 levels, 4 bedrooms, deck, internal-access double garage
Outcome: sold for $650,000
Agents: Dong & Lucca Liu

Attribution: Auctions.

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Kingsbridge apartment on Remuera ridge sells at auction

A Kingsbridge apartment (pictured with the view to Rangitoto), on the Remuera ridge, was sold under the hammer at Bayleys’ Remuera branch auction on Thursday for $8.7 million.

Assuming around $80,000 for each of the 3 garage spaces, the price works out at about $23,750/m². Every room in the apartment opens on to a covered terrace.

One of the 2 Parnell apartments auctioned at the same session was sold and the other was passed in.

Isthmus east

Parnell

5H Cleveland Rd:
Features: m², 3-bedroom townhouse, 2 bathrooms, office, roof deck, double internal-access garage
Outcome: passed in, back on the market at $920,000
Agent: Steven Rees & Fleur Denning

39 Scarborough Terrace:
Features: 275m² over 4 levels, 3-bedroom terrace, 3 bathrooms, office, patio, 2 parking spaces
Outcome: sold for $2.34 million
Agent: David Rainbow

Remuera

Kingsbridge, 424 Remuera Rd, unit 402:
Features: 356m², 3 bedrooms, 3 bathrooms, covered terraces – every room opens outdoors, 3 internal-access parking spaces
Outgoings: rates $16,274/year including gst
Outcome: sold for $8.7 million
Agents: Gary & Vicki Wallace

Attribution: Agency release.

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Updated: Wairau Valley car yard sells at over $2000/m² at Bayleys auction

Published 18 May 2017, updated 21 & 28 May 2017:
11 of the 21 commercial properties auctioned by Bayleys on Wednesday in its third Total Property portfolio for the year were sold under the hammer. 2 more have been sold post-auction – first, 100 Hinemoa St, Birkenhead, followed by 44 College Hill.

The first were sold, followed by a lull, but 2 of the most expensive offerings were well down the auction list.

One was a Wairau Valley car sales yard, set among a line of lowrise buildings jammed between the Northern Motorway & Wairau Rd on the North Shore, a stretch where the height limit is now 20m under the unitary plan.

The car yard was sold at $2365/m², which means it’s destined for multi-level development.

2 properties were sold for $4 million, both in Henderson. The first was a bank branch on Great North Rd, sold on a 5.5% yield, and the second, a Supercheap Auto outlet in the Lincoln North shopping centre, sold on a 5.3% yield.

CBD

Victoria Quarter

166 Hobson St:
Outcome: sold prior
Agents: Sarah Boles & Terry Kim
Story, 11 May 2017: 12 years after demolition order scrapped, Hobson St building sells

Isthmus east

Panmure

63 Queens Rd:
Features: 97m² retail unit on 2 levels occupied by Willow Hair Design, parking space
Rent: $24,000/year net + gst on new 3-year lease with 2 2-year renewals
Outcome: passed in
Agents: Ken Hu

Parnell

385 Parnell Rd, unit E:
Features: 54m², retail fully leased on month-to-month basis, 2 secure parking spaces
Rent: $32,760/year net + gst
Outcome: sold for $505,000
Agents: Andrew Wallace & Cameron Melhuish

Remuera

563 Remuera Rd:
Features: 144m² cafe, Upland Rd shopping village
Rent: $76,104/year net + gst
Outcome: sold for $1.6 million
Agents: Cameron Melhuish & Andrew Wallace

Isthmus west

Freemans Bay

42 College Hill:
Features: 511m² section, house with 124m² floor area, onsite parking
Rent: $44,500/year net + gst
Outcome: passed in at $1.5 million
Agents: James Were & Scott Kirk

Updated: 44 College Hill:
Features: 389m² section, house, onsite parking
Rent: $44,000/year net + gst
Outcome: passed in, sold post-auction for $1.5 million
Agents: James Were & Scott Kirk

Mt Roskill

74 Carr Rd:
Features: 835m² site, 697m² single-level building
Outcome: withdrawn from auction, changed to sale by deadline private treaty
Agents: Tony Chaudhary & Sunil Bhana

North

Kaikohe

39 Station Rd:
Features: 7199m² commercial property in 2 titles
Outcome: withdrawn from auction
Agents: John Greenwood & Paul Dixon

Warkworth

The Grange, 67 Auckland Rd, unit 11:
Features: 59m², Fish Nets fish & chips shop on 10-year lease in new retail development
Rent: $30,975/year net + gst
Outcome: passed in at $480,000
Agents: Matt Lee, Jan Hutcheson & James Chan

North-east

Albany

75 Corinthian Drive, unit L1:
Features: 197m² first-floor office, new 6-year lease in place with renewal rights, 5 parking spaces
Rent: $58,800/year net + gst + outgoings
Outcome: sold for $1.095 million
Agents: Jane Sims & Tonia Robertson

Birkenhead

Updated: 100 Hinemoa St:
Features: 757m² corner site, 421m² 2-storey building
Rent: $103,907/year net + gst from 6 tenancies
Outcome: passed in at $2.7 million, sold post-auction for $2.7 million
Agents: Simon Aldridge & David Huang

27-33 Mokoia Rd, units 4, 5 & 7:
Features: 59m² total, 3 strata units next to Highbury mall, tenants are a dry cleaner & kebab shop, third unit vacant
Agents for all 3: Michael Nees, Owen Ding & Oscar Kuang
Unit 4, vacant:
Outcome: passed in at $300,000
Unit 5, kebab shop:
Rent: $24,000/year net + gst, lease running to 2030
Outcome: passed in at $470,000
Unit 7, dry cleaners:
Rent: $18,942/year net + gst, lease 6 years from last October
Outcome: passed in at $300,000

225 Onewa Rd:
Features: cross-lease, 1/3 share in 913m², vacant ex-surgery, 5 parking spaces
Outcome: sold for $650,000
Agents: Michael Nees, Owen Ding & Oscar Kuang

Rosedale

7 Vega Place, unit E:
Features: 272m² industrial unit,
Rent: $52,000/year net + gst from established tenants on new leases
Outcome: sold for $980,000
Agents: James Kidd & Matt Mimmack

Silverdale

1 Polarity Rise, ground floor:
Features: 145m², 2 shops on 2 titles for sale as one
Rent: $61,966.70/year net + gst + opex
Outcome: passed in
Agents: Ashton Geissler, Eddie Zhong & Mustan Bagasra

Takapuna

424 Lake Rd:
Features: 3 tenancies
Rent: $61,950/year net + gst, rising to $63,383 in November,
Outcome: sold for $1.5 million
Agents: Michael Nees & David Huang

Wairau Valley

107 Wairau Rd:
Features: 1184m² site, 13-year-old car dealership Car7, 40m² office 
Rent: $63,600/year net + gst, redevelopment potential up to 20m height limit
Outcome: sold for $2.8 million at $2365/m²
Agents: Brian Caldwell & Ranjan Unka

North-west

Henderson

Lincoln North Shopping Centre, 192 Lincoln Rd, unit A1:
Features: 756m² retail unit, 7-year lease to Supercheap Auto from July 2016
Rent: $212,292.82/year net + gst
Outcome: sold for $4 million at a 5.3% yield
Agents: Matt Lee, Tony Chaudhary & James Chan

373 Great North Rd:
Features: 808m² corner site, 1240m² floor area, BNZ as tenant on lease to 2020 with further renewal rights, basement parking
Rent: $219,360/year net + gst + opex, rent review in December
Outcome: sold for $4 million
Agents: Mike Adams & Laurie Burt

South

East Tamaki

44D Andromeda Crescent:
Features: 400m² industrial unit – high stud, clearspan warehouse 300m², office/amenities 40m², mezzanine 60m²
Outcome: sold for $735,000
Agents: Nelson Raines

Mangere Bridge

19 Coronation Rd:
Features: 273m² town centre site, 160m² bank branch, seismic rating 67% of new building standard
Rent: $34,000/year net + gst
Outcome: sold for $973,000
Agents: Nicolas Ching & Beterly Pan

South of the Bombays

Hawke’s Bay

Napier, Onekawa

Deco City Motor Lodge, 308 Kennedy Rd:
Features: 2682m² site, 30 studios and 1- & 2-bedroom units, conference suite, manager’s quarters, freehold going concern, Qualmark 4.5 stars, in Host Accommodation Group, seismic rating 80% of new building standard
Outcome: no bid
Agents: Paul Dixon, Daniel Moffitt & Carolyn Hanson

Attribution: Company release.

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From the Barfoots auctions: Is there a trend?

The constant question in the auctionrooms, now that the extreme price escalation of the last couple of years is over, is: Is there a trend?

And the answer is ‘No’. After a hard push in one direction, forcing some regulatory or finance action, a lull is a reasonable expectation. But there will still be outliers – a property that’s a special attraction, something that brings 2-3 bidders up against each other whereas, for many properties, if the first hope is missed the next might do just as well.

One of the 2 apartments auctioned at Barfoot & Thompson’s city auction on Thursday was sold under the hammer. The other, in Stonefields, was passed in. A commercial property in Panmure, with vacant upstairs space, was also passed in.

In the agency’s city auctions on Wednesday, both apartments – in Parnell & St Marys Bay – were passed in.

Among the other offerings that I classify as intensive – suburban units, the occasional townhouse and the many cross-leases – 10 were sold and 4 passed in.

The auctionroom was crowded for a time on Wednesday, sparsely populated for the specialist offerings on Thursday morning.

Vendors continue to have to adjust their aspirations downward, but that downward pressure is less evident when what’s on offer is a cross-lease – in many instances, a cheaper entry point to a more exclusive suburb.

The 19 properties listed below include 4 apartments & one commercial property and are mostly on the east of the isthmus. As usual I’ve ignored the main stream of standalone residential offerings.

Thursday auction – apartments

CBD

Learning Quarter

Darlinghurst, 50 Eden Crescent, unit 2H:
Features: 60m², 2 bedrooms, high stud, storage locker & parking space on separate title nearby
Outgoings: body corp levy $284/year
Outcome: sold for $581,000
Agent: Aaron Cook

Isthmus east

Stonefields

Illico Apartments, 4 Bluegrey Avenue, unit 405:
Features: one bedroom, balcony, allocated parking space + guest parking
Outgoings: body corp levy $3024/year
Outcome: passed in at $500,000
Agent: Thelina Nuval

Wednesday auctions – suburban units, cross-leases & apartments:

Isthmus east

Epsom

6 Empire Rd, unit 3:
Features: 2-bedroom unit, internal-access garage
Outcome: sold for $1.166 million
Agents: Derek Helliwell & Cathy Giles

510C Manukau Rd:
Features: 3-bedroom townhouse, 3 bathrooms, double garage
Outgoings: body corp levy $4896/year
Outcome: passed in
Agents: George Fong & Laura McAuley

46 The Drive, unit 3:
Features: cross-lease, 1/3 share in 814m², 2-bedroom unit, garage
Outcome: sold for $953,000
Agent: Maria Lambert

Greenlane

20A Matai Rd, unit 1:
Features: cross-lease, half share in 1257m², 4 bedrooms, double garage
Outcome: sold for $1.32 million
Agents: Paul Robertson & Maree Currie

Mt Wellington

10 Alana Place, unit 2:
Features: cross-lease, 1/7 share in 2625m², 2-bedroom unit, garage
Outcome: sold for $650,000
Agent: Stephen Rendell

One Tree Hill

191A Campbell Rd:
Features: cross-lease, 1/3 share in 1717m², 4 bedrooms, 2 bathrooms, study, double garage
Outcome: no bid
Agents: Andre Bodde & Paul Hodgman

56 Rawhiti Rd, unit 1:
Features: cross-lease, half share in 938m², 2-bedroom cottage, internal-access garage
Outcome: sold for $1.15 million
Agents: Alex Baker & Julie Fitzpatrick

Parnell

29C Bath St:
Features: 2-bedroom apartment, deck, offstreet parking
Outgoings: body corp levy $5809/year
Outcome: passed in
Agent: Linda Galbraith

Remuera

22B Peach Parade:
Features: cross-lease, quarter share in 1449m², 3 bedrooms, double carport
Outcome: sold for $1.02 million
Agents: Stanley & Barbara Armon

18 Rotomahana Terrace, unit 1:
Features: cross-lease, 1/3 share in 1014m², 2-bedroom unit, garage, storage
Outcome: sold for $835,000
Agent: Steve Hood

St Heliers

37C The Parade:
Features: cross-lease, 1/3 share in 1012m², 2 bedrooms, garage
Outcome: sold for $912,500
Agents: Helen McVicar & Helen Clelland

St Johns

69 & 71 Swainston Rd:
Features: cross-lease – No 69: 2 half shares in 607m², 2 2-bedroom units; No 71: 802m², 2 2-bedroom units
Outcome: passed in when offered together & separately
Agent: Helen McVicar

St Johns Park

38 Pyatt Crescent:
Features: cross-lease, half share in 828m², 3 bedrooms, study, garage
Outcome: sold for $1.252 million
Agent: Michael Ataman

Isthmus west

Mt Eden

51 Grange Rd:
Features: cross-lease, quarter share in 1637m², 4-bedroom villa, 2 bathrooms, 2 lounges, study, double garage
Outcome: passed in
Agents: Frank Excell & Ketiesha Elliott

114 Landscape Rd, unit 2:
Features: cross-lease, half share in 688m², 3 bedrooms, 2 bathrooms, garage
Outcome: sold for $1.189 million
Agents: Paul Donovan & Sharon Walls

St Marys Bay

12 New St, unit 7:
Features: one-bedroom apartment
Outgoings: body corp levy $2749/year
Income assessment: $460/week current
Outcome: passed in
Agent: Louise Stringer

Commercial

Isthmus east

Panmure

7-9 Basin View Lane:
Features: 245m² site, 430m² floor area, 3 tenancies on 2 levels, 220m² upstairs space vacant
Rent: $31,812.50/year net + gst + outgoings
Outcome: passed in at $785,000
Agent: Jane Chen

Attribution: Auctions.

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5 apartments sell at Bayleys auction

5 of the 8 apartments & suburban intensive units auction at Bayleys on Wednesday were sold under the hammer. Another apartment on the auction list was sold prior.

CBD

Albert St

Prince Albert, 41 Albert St, unit 4E:
Features: 121m², 2-bedroom split-level apartment, 2 bathrooms, deck, balcony
Outgoings: rates $2064/year including gst; body corp levy $13,628/year
Outcome: sold prior for $775,000
Agents: Diane Jackson & Julie Prince

Learning Quarter

Westminster Court, 5 Parliament St, unit GB:
Features: fully furnished one-bedroom character apartment, high stud, storage locker, secure parking space
Outgoings: rates $1595/year including gst; body corp levy $4021/year + special one-off levy of $1562
Outcome: sold for $770,000
Agents: Julie Prince & Diane Jackson

Uptown

Scotia Tower, 8 Scotia Place, unit 8B:
Features: fully furnished one-bedroom apartment
Outgoings: body corp levy $3286/year
Income assessment: $557/week current
Outcome: sold for $112,000
Agent: Marcus Fava

Isthmus east

Parnell

Aero, 27 Cheshire St, unit 15:
Features: m², double-glazed 2-bedroom apartment, high stud, secure basement parking space
Outgoings: body corp levy $5203/year
Outcome: passed in
Agent: Chris Reeves

Remuera

721 Remuera Rd:
Features: cross-lease, 1/7 share in 1447m², 3-bedroom duplex, double garage
Outcome: sold for $810,000
Agent: Murray Wallace

St Heliers

66 St Heliers Bay Rd, unit 1:
Features: about 190m², 3-bedroom, 2-bathroom elevated garden apartment, lift, double internal garage
Outcome: passed in
Agents: Murray Wallace & Hamish McKay

Isthmus west

Eden Terrace

2H Diamond St:
Features: refurbished 2-bedroom terrace, 2 parking spaces
Outgoings: rates $1628/year including gst; body corp levy $1931/year
Outcome: sold for $580,000
Agent: Blair Haddow

Grey Lynn

19 Surrey Crescent, unit 204:
Features: double-glazed 2-bedroom apartment, 2 bathrooms, 2 secure basement parking spaces, 2 storage lockers
Outgoings: rates $2170/year including gst; body corp levy $6239/year
Outcome: passed in
Agent: Blair Haddow

Sandringham

34 Watea Rd, unit 3:
Features: cross-lease, 1/8 share in 1227m², 2-bedroom unit, garage
Outcome: sold for $652,000
Agents: Summer Sun & Kalala Lavea

Attribution: Auction.

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6 intensive homes sell at Barfoots

6 of the 12 intensive homes (apartments, suburban units & cross-leased houses) auctioned at Barfoot & Thompson’s city office on Wednesday were sold under the hammer.

17 of the 38 residential properties auctioned in the day’s 2 sessions were sold under the hammer or shortly after.

CBD

Learning Quarter

Waldorf Bankside, 8 Bankside St, unit 8C:
Features: one-bedroom apartment
Income assessment: $400/week current
Outcome: sold for $288,000
Agents: Rain Diao & Beili Yi

Isthmus east

Grafton

49I Seafield View Rd:
Features: one-bedroom apartment, carport
Outcome: sold for $300,000
Agent: Alex Baker

One Tree Hill

55 Rawhiti Rd, unit 4:
Features: cross-lease, 1/5 share in 981m², 2-bedroom unit
Outcome: passed in at $660,000, sold shortly after auction
Agents: Cici Wang & Helen Lin

Panmure

30 Ireland Rd, unit 1:
Features: 2-bedroom unit, internal-access garage
Outcome: sold for $656,000
Agents: Margaret Johnston & Phyllis Brooks

Remuera

658 Remuera Rd, unit 2:
Features: 2-bedroom unit, deck, 2 garages
Outcome: sold for $1.08 million
Agents: Paul Robertson & Maree Currie

Isthmus west

Herne Bay

24A Hamilton Rd, unit 3:
Features: 2-bedroom unit, balcony, courtyard, carport
Outgoings: body corp levy $3892/year
Outcome: sold for $700,000
Agent: Felicity Scott

Mt Albert

103A St Lukes Rd, units 1-6:
Features: 1590m² section, 6 remodelled 3-bedroom units, offstreet parking
Outcome: passed in
Agents: George Fong & Laura McAuley

Mt Eden

13 Bank St:
Features: cross-lease, half share in 1387m², 3-bedroom bungalow
Outcome: no bid
Agents: Vern Hines & Sara Knight

11B Horeka Avenue:
Features: cross-lease, 1/3 share in 1283m², 3-bedroom house, garage
Outcome: passed in
Agents: Leonie Stabler & Di Lynds

Pt Chevalier

10 Walmer Rd:
Features: cross-lease, half share in 695m², 3-bedroom bungalow, garage
Outcome: no bid
Agent: Travis Nicholls

Westmere

11D Garnet Rd:
Features: 2-bedroom apartment, balcony, secure internal-access double garage
Outcome: sold for $1.01 million
Agents: Carl & Roseanne Madsen

South

Manurewa

144, 144A & 144B Browns Rd:
Features: 2939m², 3 homes on separate titles, consent for 12 dwellings
Income assessment: $68,000/year current
Outcome: no bid
Agents: Thomas & Helen Weber

Attribution: Auctions.

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