Archive | Mt Eden

5 sell out of 13 intensive units auctioned at Barfoots

5 units sold out of 13 apartments, townhouses, suburban units & cross-leases auctioned at Barfoot & Thompson’s city office yesterday, and one cbd apartment was withdrawn. Among the sales was a 2-bedroom apartment overlooking Parnell Rd (pictured).

CBD

Learning Quarter

The Quadrant, 10 Waterloo Quadrant, unit 2207:
Features: 2-bedroom apartment, balcony, parking space
Outcome: withdrawn from auction
Agent: Dong Liu

Isthmus east

Epsom

218 Green Lane West, unit 37:
Features: 3-bedroom unit, 2 bathrooms, study, double garage
Outgoings: body corp levy $4250/year
Outcome: passed in at $900,000
Agents: George Fong & Laura McAuley

Newmarket

73C Carlton Gore Rd, unit 3:
Features: one-bedroom 1930s apartment, private courtyard
Outcome: passed in
Agents: Cheryl Burgess & Ian Griffiths

Kings Square, 26 Remuera Rd, unit 506:
Features: over 100m², 3-bedroom apartment, 2 bathrooms, double garage
Outgoings: body corp levy $3421/year
Outcome: no bid, back on market at $1.019 million
Agents: Cici & Miro Wang

9 Sarawia St, unit 408:
Features: one-bedroom apartment in former motel, offstreet parking
Outcome: sold for $432,500
Agents: Jill Jackson & Emma John

Parnell

387 Parnell Rd, unit 6:
Features: 2-bedroom apartment, tandem garage
Outgoings: rates $2183/year including gst; body corp levy $7232/year
Outcome: sold for $830,000
Agents: Silvia Poletti & Bobby McMillan

Remuera

11 & 13 Hapua St:
Features: 2 adjoining properties on combined 1602m², 4-bedroom duplex with double internal-access garage on 641m², 3 bathrooms, and vacant 961m² section with resource consent for 2 houses
Outcome: no bid
Agent: Cindy Yu

Isthmus west

Freemans Bay

47 Napier St:
Features: 119m², 3-bedroom terrace, 2 bathrooms, courtyard, internal-access garage
Outgoings: body corp levy $4834/year
Outcome: sold for $972,500
Agent: Ric Parore

116 Wellington St, unit 3:
Features: one-bedroom unit, private courtyard, storage, offstreet parking
Outgoings: body corp levy $2512/year
Outcome: sold for $665,000
Agent: André Boddé

Grey Lynn

7C Scanlan St:
Features: 136m², 2-level 2-bedroom apartment in warehouse conversion, storage, 2 parking spaces
Outgoings: body corp levy $1646/year
Outcome: no bid
Agent: David Dowse

Kingsland

52 Aitken Terrace, unit 1B:
Features: 2-bedroom apartment, deck, double basement garage
Outgoings: body corp levy $4900/year
Outcome: sold for $920,000
Agents: Susan Murdock & Sue Cohen

Mt Eden

68 Ellerton Rd:
Features: cross-lease, half share in 976m², 3-bedroom villa, attic, study, carport
Outcome: no bid
Agents: Derek Helliwell & Di Lynds

Mt Roskill

7 Jasper Avenue:
Features: cross-lease, half share in 837m², 3-bedroom bungalow, carport
Outcome: passed in at $935,000
Agents: Bella Stefano & Sherry Shao

Sandringham

99B Lambeth Rd:
Features: cross-lease, quarter share in 1214m², 3-bedroom house, deck, carport
Outcome: no bid
Agent: Mal MacElvanna

Attribution: Auctions.

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Developer settles for 5.26% yield on new shops but childcare centre owner holds out 60 points firmer

A longstanding Mt Eden childcare centre was passed in with the yield at 4.66% at Colliers’ auction today, but the developer of a new local retail centre (pictured) at Westgate settled for 60 basis points over that strong cap rate to achieve sales on 3 of the 4 units on offer.

The development company, Frontier Properties Ltd (Dean & Julie Whimp), got a 5.26% yield on the sale of a pizza outlet & a barber shop, and 5.27% on a bakery, but couldn’t attract interest below 5.56% for a dentist’s premises.

The yield on the barber shop was almost trimmed to 5.23%, but the $5000 raise turned out to be an error.

Isthmus west

Mt Eden

158 Balmoral Rd:
Features: 607m² site, bungalow occupied by childcare licensed for 27 children,
Rent: $71,604/year net + gst, 10-year lease term from May 2015, 2 5-year rights of renewal, rental rate $51/child/week
Outcome: passed in at $1.535 million, representing a 4.66% yield
Agents: Shoneet Chand & Peter Kermode

North-west

Westgate

575 Don Buck Rd, 4 retail premises in new development
Agents on all 4: Shoneet Chand, Euan Stratton & Deborah Dowling

Unit 2, Sal’s Pizza:
Features: 73.5m², 7-year lease, 2 7-year rights of renewal
Rent: $40,480/year net + gst
Outcome: sold for $770,000 at a 5.26% yield

Unit 3, Don Buck Bakery:
Features: 73.5m², 8-year lease, 2 4-year rights of renewal
Rent: $40,480/year net + gst
Outcome: sold for $768,500 at a 5.27% yield

Unit 4, Nexus Barber:
Features: 73.5m², 6-year lease, 2 4-year rights of renewal
Rent: $39,744/year net + gst
Outcome: sold for $755,000 at a 5.26% yield

Unit 5, Massey Smiles:
Features: 105.5m², 10-year lease, 2-5-year rights of renewal
Rent: $55,620/year net + gst
Outcome: passed in at $1 million, representing a 5.56% yield

Attribution: Auction.

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Boston Rd mix and Chambers & Station apartment sell

5 of 11 intensive residential properties have sold at Barfoot & Thompson’s city auctions over the last 2 days, including a mixed property in Grafton (pictured above) containing 2 apartments, office space, a warehouse & parking. It was sold under the hammer, up $920,000 from the starting price.

A new apartment in the Chambers & Station conversion in Mt Eden was also sold.

CBD

Uptown

Chatham, 70 Pitt St, unit 704:
Features: 70m², vacant fully furnished 2-bedroom sub-penthouse, 2 bathrooms, balcony
Outgoings: body corp levy $5351/year
Outcome: passed in at $600,000
Agents: Mike Campbell & Grant Elliott

Isthmus east

Grafton

31 Boston Rd:
Features: 151m² 4-bedroom apartment, mezzanine lounge, private courtyard; 112m² 2-bedroom apartment, balcony, nearing end of fixed-term lease at $600/week; 87m² 3-room office space was leased at $18,200/year gross including gst; 158m² warehouse, 7 offstreet parking spaces; total 530m²
Outcome: sold for $2.82 million
Agents: Ross & Joss Goodall

Parnell

300 Parnell Rd, unit 8:
Features: 3-bedroom terrace, deck & balcony, internal-access garage, reclad and has fresh code compliance certificate
Outcome: no bid
Agents: Jill Jackson & Emma John

Remuera

266 Victoria Avenue, unit 2:
Features: 4-bedroom townhouse, 2 bathrooms, double internal-access garage
Outcome: sold for $2.2 million
Agent: Alex Baker

Isthmus west

Mt Albert

7 Amandale Avenue, unit 3:
Features: 2-bedroom unit, carport
Outcome: no bid
Agents: Jane Wang & Angela Qi

Mt Eden

111 Balmoral Rd, unit 2:
Features: cross-lease, 2-bedroom unit, courtyard, carport
Outcome: sold for $840,000
Agent: Nick Lyus

35 Reimers Avenue, unit 1:
Features: cross-lease, quarter share in 754m² across the street from Eden Park, 2-bedroom unit, carport
Income assessment: $515/week current
Outcome: passed in at $500,000
Agent: Robert Thompson

Chambers & Station, 64 Valley Rd, unit 3:

Chambers & Station on Valley Rd, Mt Eden.

Features: one-bedroom apartment in the former Mt Eden Borough Council chambers built in 1912 and neighbouring fire station built in 1925, 3.7m stud height, 2 living areas, storage, basement parking space
Outcome: sold for $1.208 million
Agent: Julie Fitzpatrick

St Marys Bay

72B Shelly Beach Rd:
Features: 181m², 3-bedroom apartment, 2 bathrooms, internal lift, deck, garden, internal-access garage
Outcome: no bid
Agents: Keith Simpson

117 Shelly Beach Rd, unit 1:
Features: 4-bedroom townhouse, 2 bathrooms, deck, 2 parking spaces, pool
Outgoings: body corp levy $7119/year
Outcome: passed in
Agents: Carl & Roseanne Madsen

Three Kings

19 Hayr Rd, unit 2:
Features: 2-bedroom unit, garage
Outcome: sold for $700,000
Agents: Margaret Johnston & Jane Chen

Attribution: Auctions.

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Auctionroom climate change

A hush, in a room where last year there was a constant buzz and the most commonly used word, “mln”, was spoken almost as an afterthought.

Today, among the intensively developed residential properties on the market, 4 sold and 4 were passed in.

A bid, an excruciatingly long pause, much agent to-ing & fro-ing. The message comes back: no increase. Just under $40,000 later, the couple who weren’t going to pay a penny more hear the hammer fall in their favour and they’ve bought a house for just over $1.8 million.

For other properties, the bidding just stops or, for many, doesn’t start at all. Often, though, a sale may be concluded within half an hour of the property being passed in. That happened 3 times while I was there today and, of 20 properties offered (I missed the last 4), 12 sold although buyers were few & far between.

At the peak last year, Barfoot & Thompson’s city auctionroom pushed up to 80 homes/day through the process, 2 sessions/day on at least 2 days/week and often 2 auctionrooms operating simultaneously.

The auctions are now spread over 4 days, the total in a day might be around 30 or even down to 20, the buzz has gone and it’s the vendors who are facing the tough questions on price. Still, in this climate a success rate of 60% is not to be sneezed at.

What’s made the difference between last year’s boom times & now? Foreign investor curbs, and the price of money has changed.

Below, the intensive offerings:

CBD

Victoria Quarter

City Oaks, 188 Hobson St, unit 610:
Features: 2-bedroom apartment
Outgoings: body corp levy $5859/year
Outcome: no bid
Agents: Frances Li & Ian Thornhill

Isthmus east

Epsom

36 Pah Rd, unit 2:
Features: cross-lease, half share in 852m², 4 bedrooms, double internal-access garage
Outcome: sold for $1.315 million
Agents: Vern Hines & Sara Knight

30A & 30B Selwyn Rd:
Features: cross-lease, half share in 902m², bungalow converted into 2 flats, one of one bedroom the other of 2 bedrooms
Outcome: no bid
Agents: Diana Buczkowski & Peter West

165 The Drive:
Features: cross-lease, half share in 814m², 4 bedrooms, sunroom, internal-access garage
Outcome: sold for $1.648 million
Agent: Robert Thompson

Isthmus west

Freemans Bay

32 Ireland St, unit 4:
Features: 2 bedrooms, double internal-access garage
Outgoings: body corp levy $3054/year plus second levy of $1123
Outcome: sold post-auction
Agents: George Damiris & Anna Lechtchinski

Mt Eden

18 Leamington Rd:
Features: cross-lease, 1/6 share in 1856m², 3 bedrooms, garage
Outcome: passed in at $1.181 million
Agents: Joanne Simpson & Repeka Lelaulu

Westmere

214A Garnet Rd:
Features: cross-lease, half share in 814m², 3 bedrooms, 2 bathrooms, double garage
Outcome: sold for $1.47 million
Agents: Felicity Scott

North-west

New Lynn

31 Nikau St, unit 2:
Features: 2-bedroom unit, deck, garage
Outgoings: body corp levy $675/year
Outcome: passed in
Agents: George Damiris & Carl Madsen

Attribution: Auction.

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Uptown BID expansion scheme moves to final stages

The Uptown Business Association – straddling the start of New North Rd on the south-western fringe of downtown Auckland – is working on a programme to expand its business improvement district just over the railway line to take in the first blocks of Mt Eden.

Image above: Map shows the existing Uptown business improvement district hached in blue and the proposed extension hached in red.

The expansion area would run a short way down Dominion & Mt Eden Rds, cutting across at Brentwood & Sylvan Avenues. It would extend down Mt Eden Rd to Normanby Rd on the eastern side, taking in the block between Esplanade Rd & Puka St on the western side.

The business improvement district would incorporate the business & apartment precinct developed on the former Robert Holt timber yard & neighbouring streets on the city side of Maungawhau/Mt Eden, and also include Mt Eden Prison on the run across to the Southern Motorway.

The existing business improvement district boundary runs around Boston Rd, bordering the prison, follows the railway line to Park Rd then heads back west along Carlton Gore Rd to Grafton Rd.

The Uptown Business Association requires local board support before balloting businesses in the proposed extension area. This extension sits in the Albert-Eden and Waitemata local board areas. Approval from both boards and from target businesses will increase association membership from 1800 to 2100 members, and its target rate from $180,000 to $250,000 as of 1 July 2017. The Albert-Eden board approved it in December. The ballot requires a 25% return of votes, with 51% of those votes supporting the boundary expansion, to succeed. Voting will take place from 6-31 March.

Link:
18, Proposed Uptown Business Association, business improvement district expansion boundary map

Earlier story:
11 April 2016: Uptown project, name change & paid parking zone on local board agenda

Attribution: Council agenda.

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Tender documents go out for rail link tunnels & stations

The first tender documents for the largest component of Auckland’s city rail link project – the construction of the tunnels & new stations – were released to the industry yesterday, a fortnight after expressions of interest were sought for the design, procurement, installation & commissioning of all tunnel track work & rail systems between Britomart Station & the Western Line at Mt Eden.

2 new stations will be built as part of the underground rail line linking Britomart with the existing western line near Mt Eden. The new stations will be near Aotea Square (artist’s impression at top), with entrances at Wellesley & Victoria Sts, and a station in Mercury Lane, just off Karangahape Rd. The Mt Eden train station will be extended & redeveloped. Associated works are already underway around downtown Auckland.

An artist’s impression of the new Karangahape station, which will be the deepest at 30m below ground.

Project director Chris Meale said yesterday the 2m-wide tunnel-boring machine simultaneously excavating & installing a new stormwater pipe under Albert St had finished the first leg of its journey. The 9-storey-high piling rig working in Albert St has dug over 140 of the 376 piles required.

An artist’s impression of the planned redeveloped station at Mt Eden.

The tunnels & stations contract will be procured using a design & construct model with a lump sum price based on a bespoke contract.

Attribution: Auckland Transport release.

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3 auction sessions, 4 sales

12 homes were auctioned for 4 sales at Barfoot & Thompson’s city office this week, short of an active audience each time.

On Wednesday: 8 homes, 3 sold at auction. 2 units on cross-leases, 6 standalone houses.

This morning: One CityLife apartment, a 29-minute auction with little bidding and resulting in sale at a price the vendor had been offered over 3 months ago. It was also the same price as an identical unit 6 storeys up the building was sold for at auction last September. After stalling at $415,000, it was declared on the market and sold after a quick series of $500 raises.

This afternoon: 2 cross-leased suburban units & a house, one of the units sold.

My focus

I report on the general residential auctions primarily from an intensification perspective – apartments as an investment sector, which they largely still are, but last year I added details of cross-leases to these reports because the cross-lease seems both a way of intensifying land coverage and raising land prices while making it harder to extend more intensive uses such as apartment blocks.

Looking at yesterday’s selection of 8 properties, you will see 2 suburban units, one in a single-storey block, the other 2 storeys, effectively “sausage blocks” but on cross-leases.

2 of the houses are on very small sections – 300m² & 344m², and another sits on 475m², all heading towards the modern section of 2-300m², which limits both storage & building expansion.

2 were in the range of the traditional quarter or fifth of an acre (1012 or 809m²), which are often regarded these days as development prospects and priced on that basis. And those land prices vary widely, at yesterday’s auction from about $700/m² up to $4800/m² (ignoring the value of improvements), the differences depending on the suburb they’re in.

Little of that has the young owner-occupier as the next buyer, which means suburban infill will continue as it’s been happening for the last 30 years. If the courts confirm the unitary plan provision of the ability to intensify over a wide swathe of Auckland suburbia, more intensive infill will speed up, competing at times with larger development proposals.

CBD

Queen St

CityLife, 171 Queen St, unit 1310:
Features: 48m², fully furnished one-bedroom apartment
Outgoings: body corp levy $5922/year
Outcome: sold for $420,000
Agents: Livia Li & Alan Guo

Isthmus east

Ellerslie

9 Arron St:
Features: 300m² section, 3-bedroom bungalow, basement storage, garage
Outcome: passed in at $1.1 million
Agents: Di Lynds & Leonie Stabler

16 Lonsdale St, unit 1:
Features: cross-lease, 1/6 share in 1992m², 2 bedrooms, 2 bathrooms, internal-access garage
Outcome: sold for $925,000
Agents: Debbie-Lee Wallace

Epsom

149A The Drive:
Features: 344m² section, 4-bedroom house, office, covered deck, garage
Outcome: sold for $1.65 million
Agents: George Fong & Laura McAuley

Onehunga

181A Arthur St, unit 1:
Features: cross-lease, 1/5 share in 1844m², renovated ex-state house duplex, 2 bedrooms, deck
Outcome: no bid
Agents: Elvira Abdrazakova

Isthmus west

Hillsborough

40 Aldersgate Rd:
Features: 690m² section, 5 bedrooms, 4 bathrooms, study, patio, double carport, pool, overlooking Manukau Harbour
Outcome: no bid
Agent: Helen Lam

Mt Eden

5 Atanga Avenue:
Features: 531m² section, 3-bedroom house, study, internal-access garage
Outcome: passed in at $2.125 million
Agents: Frank Excell & Ketiesha Elliott

91 Valley Rd, unit 2:
Features: cross-lease, 1/5 of 999m², 2-bedroom unit, garage
Outcome: no bid
Agents: Frank Excell & Ketiesha Elliott

Mt Roskill

20 Gilletta Rd:
Features: 475m² section, 3-bedroom bungalow, deck
Outcome: sold for $875,50
Agents: Kevin He & Gail Beaton

New Windsor

160 Methuen Rd:
Features: 911m² section, 3-bedroom house
Outcome: no bid
Agent: Kelly Zhang

Sandringham

255 Balmoral Rd, unit 6:
Features: cross-lease, 1/6 of 911m², 2-bedroom unit, garage
Outcome: sold for $702,000
Agents: Leonie Stabler & Di Lynds

North-west

New Lynn

6 Cutler St:
Features: 1115m² section, 4-bedroom house, basement garage, storage
Outcome: passed in at $800,000
Agent: Jennifer Peary

Attribution: Auctions.

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3 homes sell, 3 get no bid

7 properties were offered yesterday at Barfoot & Thompson’s first residential auction of the year, 4 of them cross-leased and one in a body corporate. 3 sold, 3 attracted no bid and one was passed in after bidding. The agency has 2 apartments on offer at its first regular apartments auction this morning. Yesterday’s results:

Isthmus east

Ellerslie

102 Michaels Avenue, unit 1:
Features: cross-lease, 1/5 share in 1308m², 2-bedroom unit, offstreet parking
Outcome: sold for $700,000
Agents: Leonie Stabler & Di Lynds

Epsom

123 Owens Rd, unit 1:
Features: cross-lease, 1/24 share in 5721m², 999-year lease on 2-bedroom unit, courtyard, carport
Outcome: passed in at $690,000
Agents: Doug Lum & Sue Saywell

Isthmus west

Avondale

28 Wingate St:
Features: 3-bedroom bungalow on 610m², deck, carport
Outcome: sold for $807,000
Agents: Travers Smyth & Ryan Harding

Blockhouse Bay

152A Taylor St:
Features: cross-lease, 1/3 share in 1087m², 3-bedroom house, deck, courtyard, internal garage + double garage
Outcome: no bid
Agents: Ricky Yap & Alice Chen

Mt Eden

6 Penrhyn Rd, unit 2:
Features: cross-lease, 1/6 share in 2161m², 3 bedrooms, 2 bathrooms, deck, pool, internal-access garage
Outcome: sold for $1.32 million
Agents: Frank Excell & Keteisha Elliott

Mt Roskill

9 Anita Avenue:
Features: 4-bedroom house on 789m², double internal-access garage
Outcome: no bid
Agents: Repeka Lelaulu

Three Kings

Providence on Eden, 21 Hunters Park Drive, unit 57:
Features: m², 3-bedroom house, 2 bathrooms, courtyards, double internal-access garage
Outgoings: body corp levy $6595/year
Outcome: no bid, back on market at $745,000
Agents: Frank Excell & Keteisha Elliott

Attribution: Auction.

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13 sales around North Island

13 sales & 2 leases around the North Island have been reported by Colliers.

Sales

Isthmus east

Newmarket

7 Edgerley Ave:
Features: 716m² site, 464m² commercial building
Outcome: sold for $3.45 million, representing $4818/m² land & building
Agents: Jonathan Lynch & Simon Child

Otahuhu

132 Portage Rd:
Features: 4960m² site, 2324m² office & warehouse
Outcome: sold for $4.5 million at a 6.5% yield
Agents: Hamish West, Ben Herlihy, Andrew Hooper & Matt Prentice

Penrose

60 Hugo Johnston Drive:
Features: 4175m² industrial property, 1117m² 2-level office building & 1087m² standalone warehouse
Outcome: sold for $5.45 million at a 6.72% yield
Agents: Paul Jarvie, Brad Johnston & Greg Goldfinch

Isthmus west

Mt Eden

108 Mt Eden Rd:
Features: 1070m² site, 700m² 2-level office building
Outcome: sold for $4.55 million, representing $4252/m² land & building
Agent: Jonathan Lynch

North-east

Rosedale

63 Apollo Drive, unit B1:
Features: 444m² commercial uni,
Outcome: sold vacant for $1.85 million
Agents: Nick Recordon & Janet Marshall

North-west

Kumeu

202-220 Main Rd:
Features: 4153m² site, 1740m² office & warehouse
Outcome: sold for $2.2 million, representing $530/m² land & building
Agents: Jonathan Lynch & Craig Smith

South

East Tamaki

27 Zelanian Drive:
Features: 5863m² vacant office & warehouse
Outcome: sold for $8.475 million
Agents: Andrew Hooper, Greg Goldfinch, Paul Higgins & Brad Johnston

South of the Bombays

Bay of Plenty

Mt Maunganui

24 Pacific Avenue:
Features: 675m² site, 440m² retail building,
Outcome: sold for $3.075 million at a 4.3% yield
Agents: Simon Clark, Rob Schoeser & Hadley Brown

Rotorua

422-430 Ngongotaha Rd:
Features: 2.66ha industrial development site, 1056m² warehouse,
Outcome: sold vacant for $2.4 million
Agent: Mark Rendell

Manawatu

Palmerston North

360 Albert St:
Features: 382m² site, 220m² retail building,
Outcome: sold for $800,000 at a 5.5% yield
Agents: Phil Nevill, Grant Lloyd & Doug Russell

314-322 Rangitikei St:
Features: vacant 1616m² property,
Outcome: sold for $1 million
Agents: Grant Lloyd, Phil Nevill & Doug Russell

Waikato

Hamilton

69 Vickery St, unit 9:
Features: 681m² industrial/retail unit,
Outcome: sold for $1.416 million at a 5.68% yield
Agent: John Hagar

Wellington

Lower Hutt

71 Port Rd:
Features: 4049m² site, 2411m² office & warehouse
Outcome: sold for $2.83 million
Agents: Tim Julian & Kieran Lennon

Leases

Isthmus east

Mt Wellington

103 Carbine Rd:
Features: 1664m² commercial premises leased to ECL Group Fuel Systems Ltd for a 6-year term on behalf of Windward Properties Ltd
Agents: Hamish West, Paul Higgins & Andrew Hooper

South of the Bombays – Wellington

Lower Hutt

109 Port Rd:
Features: 4852m² commercial premises leased to Linfox Logistics NZ Ltd for a 6-year term on behalf of Seaview Commercial Investments Ltd
Agent: Kieran Lennon

Attribution: Agency release.

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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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