Archive | Three Kings

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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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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Auction clearance falls as no-bids rise

Auction results have been mixed in the apartment & residential markets in recent weeks, as Barfoot & Thompson’s auction sessions at its city office demonstrated this week.

In 3 sessions on Wednesday-Thursday, the agency offered 59 homes, with another 10 listings sold pre-auction. Including the presales, the 28 sales represented a 41% clearance.

In the apartments auction yesterday (link below to separate story), 2 of the 8 listed sold under the hammer and another 2 prior, for a 50% clearance.

At the 3 residential sessions, 17 of the properties offered were what I classify as intensive, including 13 cross-leases. The others were 2 suburban units not on cross-lease, an apartment & a townhouse

Of the 17, 5 were sold and 12 were passed in, including 7 which received no bid.

The process has slowed right down as vendors adjust to something approaching normal, where bidding no longer starts at an assumed million and no longer carries on skyward. As well as more completions than would be the case if the hesitancy resulted in quick passing in, I understand there’s also been a transfer of sales from the auction room to post-auction negotiation.

There’s also a big reduction in stock being taken to auction, the number of Chinese investors has fallen away and those who do turn up have been sitting on their hands as much as anybody else.

Below, the intensive market results:

Isthmus east

Ellerslie

20 Laud Avenue:
Features: cross-lease, half share in 997m², 2 bedrooms, deck, garden, double carport
Outcome: sold for $885,000
Agents: Di Martens

Epsom

42 Cornwall Park Avenue:
Features: cross-lease, half share in 1013m², 3 bedrooms, garage
Outcome: passed in
Agent: Ling Zhu

11 Tuperiri Rd, unit 3:
Features: cross-lease, half share in 971m², m², 4 bedrooms, 2 bathrooms, courtyard, double internal-access garage
Outcome: passed in
Agents: Leon Bao

Kohimarama

19A John Rymer Place:
Features: cross-lease, half share in 824m², 4 bedrooms, double internal-access garage
Outcome: no bid
Agent: Kelly Midwood

17A Rawhiritoa Rd:
Features: cross-lease, half share in 700m², 3 bedrooms, double internal-access garage
Outcome: no bid
Agents: Russell Birkinshaw & Serrine Chen

1 Taranaki Rd, unit 3:
Features: cross-lease, 1/3 share in 728m², 2-bedroom unit, garden, carport
Outcome: sold for $1.015 million
Agent: Teresa Weiss

Mt Wellington

113 Panama Rd, unit 6:
Features: cross-lease, 1/7 in 1982m², 2-bedroom unit, courtyard, internal-access garage
Outcome: passed in
Agents: Sally Giles

Otahuhu

4 Albert St:
Features: cross-lease, 1/5 in 1223m², 3 bedrooms, offstreet parking
Outcome: passed in, back on the market at $598,000
Agents: Michael Zhang & Kelly Fan

Panmure

66 Pilkington Rd, unit 3:
Features: 3-bedroom unit, deck, garden, rumpus/storage, offstreet parking
Outgoings: body corp levy nil
Outcome: no bid
Agents: Margaret Johnston & Phyllis Brooks

Remuera

32 Lochiel Rd, unit 2:
Features: cross-lease, quarter share in 1332m², 2 bedrooms, courtyard, garden
Outcome: sold for $1.25 million
Agent: Sara-Jayne Kingston

Isthmus west

Mt Albert

9 Richardson Rd, unit 5:
Features: cross-lease, 1/3 share in 2047m², 4 bedrooms, internal-access garage
Outcome: sold for $917,000
Agents: Christine & Mark Wooding

Mt Roskill

21A Graham Bell Avenue:
Features: cross-lease, half share in 809m², 3 bedrooms, deck, double internal-access garage
Outcome: passed in
Agents: Daisy Hu & Yogesh Suri

16B Penney Avenue, unit 2:
Features: cross-lease, 1/3 share in 1077m², 120m² 2-bedroom unit, conservatory, garage
Outcome: no bid
Agent: Dermot Kelly

Ponsonby

22 Prosford St, unit 1:
Features: one-bedroom apartment, patio, storage
Outgoings: body corp levy $5166/year
Outcome: sold for $731,000
Agent: André Boddé

Pt Chevalier

12 Walmer Rd:
Features: cross-lease, half share in 695m², 3 bedrooms, carport, storage
Outcome: no bid
Agents: Matt O’Rourke & Ryan Harding

Three Kings

531 Mt Albert Rd, unit 2:
Features: 2-bedroom unit, storage, internal-access garage
Outgoings: body corp levy $792/year
Outcome: passed in
Agent: Zaki Murumkar

North-west

New Lynn

14 Ambrico Place, unit 5:
Features: 110m², 3-bedroom townhouse, 2 bathrooms, internal-access garage
Outgoings: body corp levy $2199/year
Outcome: no bid
Agents: Aken Yuan & Michelle Zhou

Apartments story today: Converted warehouse sells post-auction

Attribution: Auctions.

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5 apartments & cross-leases sell

In a mix of 12 flats, a leasehold apartment and a number of cross-leased properties at Barfoot & Thompson’s residential auction last Wednesday, 5 sales were recorded under the hammer and one post-auction, 5 were passed in and one was withdrawn.

Isthmus east

Kohimarama

7 Speight Rd:
Features: cross-lease, half share in 892m², 3 bedrooms, 2 bathrooms, double garage
Outcome: sold for $2 million
Agent: Grant Rutherford

Onehunga

20 Oranga Avenue, unit 4:
Features: cross-lease, quarter share in 1004m², 2-bedroom unit, carport
Outcome: no bid, back on market at $569,000
Agents: Leonie Stabler

Parnell

16 St Stephens Avenue, unit 8:
Features: leasehold, one-bedroom apartment, deck, carport
Outcome: passed in, sold post-auction
Agents: Jill Jackson & Emma John

Remuera

23 Lucerne Rd, unit 4:
Features: cross-lease, 1/8th share in 2023m², 3 bedrooms, study, garage
Outcome: passed in, back on market at $1.135 million
Agents: Julie Fitzpatrick & Tony Jiang

8 Rotomahana Terrace, unit 2:
Features: cross-lease, 1/3 share in 1013m², 147m² floor area, 2 bedrooms, deck, double garage
Outcome: sold for $1.2 million
Agent: Chase Liu

St Heliers

15A Sylvia Rd:
Features: cross-lease, half share in 1030m², 3 bedrooms, 2 bathrooms, double garage
Outcome: sold for $1.652 million
Agent: Teresa Weiss

Isthmus west

Morningside

69A, B & C Finch St:
Features: cross-lease, 2 shares of 2/3 & 1/3 of 1118m² site, 3 houses on the 2 titles, total 21 bedrooms
Income assessment: about $150,000/year
Outcome: passed in, auction of properties separately postponed
Agents: Jane Wang & Dragon Zhou

Mt Albert

10 Alexis Avenue:
Features: cross-lease, quarter share in 746m², art deco house, 2 bedrooms, garage
Outcome: passed in, back on market at $866,000
Agents: Christine Wooding & Joanne Yu

15 Harbutt St, units 1-4:
Features: cross-lease, 1/3 share in 697m², 4 units on 3 titles, 2 of 2 bedrooms and a bungalow configured as 2 flats, one of 2 bedrooms, the other of one bedroom, garage each unit
Outcome: passed in
Agent: John Gray

Sandringham

16 Kiwitea St:
Features: cross-lease, half share in 749m², 3 bedrooms, 2 bathrooms, study, double garage
Outcome: sold for $1.285 million
Agents: Derek Helliwell & Cathy Giles

103E St Lukes Rd:
Features: 4-bedroom townhouse across the road from St Lukes mall, 2 bathrooms, double garage
Income assessment: $800/week
Outcome: withdrawn from auction
Agents: David Chen & Joey Zhuang

Three Kings

51 Kings Rd:
Features: cross-lease, half share in 781m², 3 bedrooms, 2 bathrooms, office, carport
Outcome: sold for $1.24 million
Agent: Robyn Preece

Attribution: Agency release.

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11 of 31 “intensive” properties sell at Barfoots auctions

Details below are on 31 properties offered at Barfoot & Thompson’s auctions last Wednesday & Thursday which fit my description of at least slightly intensive – apartments, townhouses, terraces, and many of them on cross-leases.

They were among a total 76 residential properties auctioned at 3 sessions, excluding the apartment-specific session on Wednesday (link below), another 17 which were sold prior and 2 withdrawn.

11 of the 31 were sold under the hammer and no bid was offered on another 12.

Isthmus east

Ellerslie

8 Eaglehurst Rd, unit 3:
Features: 2-level townhouse, 3 bedrooms, deck
Outgoings: body corp levy $2915/year
Outcome: no bid
Agent: Wendy Sadd

39 Marua Rd, unit 3:
Features: cross-lease, one-third share in 1012m², 3 bedrooms, courtyards
Outcome: no bid
Agents: Heath Jones & John Hight

Epsom

14 Cornwall Park Avenue, unit 3:
Features: cross-lease, one-6th share in 1384m², 2-bedroom unit, garage
Outcome: sold for $892,000
Agents: Dong & Lucca Liu

Greenlane

3A Irirangi Rd:
Features: cross-lease, half share in 814m², 4 bedrooms, internal-access garage
Outcome: no bid
Agent: Debbie-Lee Wallace

85A Wheturangi Rd:
Features: 2-bedroom unit
Outcome: sold for $800,000
Agents: Leila MacDonald & Michael Bacher

Meadowbank

109 Gowing Drive, units 1-4:
Features: 4 2-bedroom units on one title
Outcome: passed in at $1.86 million
Agent: Brett Innes

Mission Bay

131B Selwyn Avenue:
Features: 3-bedroom unit, garage
Outcome: sold for $975,000
Agent: Thomas Weber

Mt Wellington

8-10 Roslyn Rd:
Features: 1629m² section, 6 units – 4 of 2 bedrooms, one of 3 & one of 4 bedrooms, 5 carports, onsite parking for 10 cars
Outcome: sold for $3.46 million
Agents: Yi Wei Lowndes & Eric Zhu

Onehunga

121 Galway St:
Features: 12-bedroom boarding house, 5parking spaces + offstreet parking, basement storage
Outcome: no bid
Agent: Kevin Liu

93C Mays Rd:
Features: 2-level 2-bedroom terrace, offstreet parking
Outcome: no bid
Agents: Sue Ma & Hattie Huo

69 Trafalgar St:
Features: cross-lease, one-third share in 1819m², 4 bedrooms
Outcome: passed in
Agent: Neil Dayal

104A Victoria St, unit 3:
Features: cross-lease, one-6th share in 1325m², 2-bedroom unit, carport, storage
Outcome: passed in
Agent: Jannette Wouters

One Tree Hill

53 Mariri Rd, unit 2:
Features: cross-lease, half share in 626m², 3 bedrooms
Outcome: sold for $626,000
Agents: Wayne Guo & Coco Wang

Panmure

51 Ireland Rd, unit 64:
Features: 3-bedroom terrace, tandem garage
Outcome: passed in
Agent: Rain Diao

Remuera

Broadway Park, D’Urville complex, 38 James Cook Crescent, unit GA:
Features: 2-bedroom apartment, 2 secure parking spaces
Outgoings: body corp levies $4297 & $1748/year for unit & parking
Outcome: sold for $810,000
Agents: Christine Wooding & Joanne Yu

Royal Oak

639 Mt Albert Rd, unit 1:
Features: cross-lease, one-third share in 1325m², 2 bedrooms, double garage
Outcome: no bid
Agent: Craig Smith

St Heliers

121A Maskell St:
Features: cross-lease, half share in 809m², 3-bedroom bungalow
Outcome: no bid
Agents: John Yao & Amy Liu

Isthmus west

Avondale

84 St Georges Rd, unit 2:
Features: cross-lease, one-third share in 979m², 3-bedroom unit, deck
Outcome: passed in
Agents: Bella Stefano & Sherry Shao

Grey Lynn

Aston, 332 Great North Rd, unit 18:
Features: 2-level apartment, 2 bedrooms, 2 bathrooms, deck, private courtyard, internal-access double garage
Outgoings: rates $2195/year including gst; body corp levy $4364/year
Outcome: sold for $934,000
Agents: Ryan Harding & Matt O’Rourke

59 Williamson Avenue:
Features: 5-bedroom villa converted into 2 flats, double garage, gardens, 2 decks
Outcome: passed in
Agents: Matt O’Rourke & Ryan Harding

Mt Eden

69 View Rd, unit 5:
Features: cross-lease, one-6th share in 769m², 2-bedroom unit
Outcome: no bid
Agent: Dee Brennan

41 Grange Rd, unit 1:
Features: cross-lease, one-12th share in 1399m², one-bedroom unit
Outcome: sold for $520,000
Agent: Mark Molloy

736 Mt Eden Rd, unit 3:
Features: cross-lease, one-12th share in 2023m², 2-bedroom unit, storage unit, offstreet parking
Outcome: passed in
Agents: James Yu & Danny Upton

Mt Roskill

1338 & 1338A Dominion Rd:
Features: cross-lease, 2 half shares in 799m², 2 homes of 2 & 3 bedrooms
Outcome: no bid when offered together and separately
Agents: Sejal Patel & Jeff Stretton

369 Richardson Rd:
Features: cross-lease, half share in 829m², 3 bedrooms, double carport
Outcome: no bid
Agent: Kim Tilly

Pt Chevalier

52 St Michaels Avenue, unit 4:
Features: cross-lease, quarter share in 876m², 2-bedroom unit, garage
Outcome: sold for $825,000
Agent: Dan Reed

Sandringham

7 Begbie Place, unt 2:
Features: 2-bedroom unit, carport
Outcome: no bid
Agent: Tom Wang

Three Kings

10 Churches Avenue:
Features: one-bedroom home + 2-bedroom flat
Outcome: sold for $1.43 million
Agents: Kam & Yogesh Dahya

Westmere

66 Larchwood Avenue, unit 6:
Features: 3 bedrooms, internal-access garage
Outgoings: body corp levy $1234/year
Outcome: passed in
Agents: Luke Dallow & Michael Rawlence

North-west

Glen Eden

4 Kotinga Avenue, unit 1:
Features: cross-lease, quarter share in 2008m², 3 bedrooms, deck
Outcome: no bid
Agent: Daisy Hu

West Harbour

3 Holmes Drive:
Features: cross-lease, half share in 916m², 140m² house, 3 bedrooms, internal-access double garage
Outcome: sold for $727,000
Agents: Lin Qiu & Patrick Yang

Attribution: Auctions.

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12 unit & cross-lease sales at Barfoots’ Wednesday auctions

Barfoot & Thompson sold 8 units & cross-leased homes at its Wednesday auctions, and another 4 where pre-auction bids were acceptable.

CBD

Uptown

Winsun Heights, 113 Vincent St, unit 11J:
Features: one bedroom, balcony
Outcome: sold for $265,000
Agents: Livia Li & Alan Guo

Isthmus east

Ellerslie

145 Ladies Mile:
Features: streetfront house on 1275m² section, converted into 4 one-bedroom flats
Outcome: passed in, sold post-auction
Agent: Leonie Stabler

Meadowbank

97 Gowing Drive, unit 4:
Features: 2 bedrooms, carport, new deck, reroofed in 2013
Outcome: sold for $622,000
Agent: Caroline Holden

157 St Johns Rd, unit 2:
Features: 4 bedrooms, 2 bathrooms, new deck, double garage, 3 offstreet parking spaces
Outcome: passed in at $850,000, back on the market at $915,000
Agent: Faye Torrance

Onehunga

1 Namata Rd:
Features: cross-lease, half share in 675m², 3 bedrooms, offstreet parking space
Outcome: sold for $911,000
Agents: George Fong & Laura McAuley

Remuera

66B Orakei Rd:
Features: cross-lease, half share in 1113m², 4 bedrooms, 3 bathrooms, internal-access double garage, new code compliance certificate in 2012
Outcome: passed in
Agent: Duncan Wu

Royal Oak

15 Turama Rd, unit 1:
Features: 2 bedrooms, internal-access garage
Outcome: sold for $907,000
Agent: Anna Stephens-Brown

Isthmus west

Mt Eden

7 Ellerton Rd, unit 1:
Features: cross-lease, quarter share in 937m², 2 bedrooms, deck, garage
Outcome: sold for $931,000
Agents: Vern Hines & Sara Knight

Mt Roskill

11 Parfitt St:
Features: cross-lease, half share in 857m², 3 bedrooms, single garage
Outcome: no bid, back on market at $819,000
Agents: Alex Yang & Holly He

Three Kings

Eden Mews, 852 Mt Eden Rd, unit 27:
Features: 2 bedrooms, tandem garage, courtyard, leaky claim made
Outgoings: body corp levy $2631/year
Outcome: sold for $730,000
Agent: Amin Lu

North-west

Henderson

35 Swanson Rd, unit 2:
Features: 2 bedrooms, carport, offstreet parking space
Outgoings: body corp levy $240/year + $591 insurance
Outcome: pre-auction offer reserve $595,000, sold for $675,000
Agent: Kathy Martick

Kelston

6 Daphne St:
Features: cross-lease, half share in 913m², 3 bedrooms, 3 offstreet parking spaces
Outcome: sold for $671,000
Agents: Clara Wu & Shirley Zhong

Massey

12 Aldern Rd, unit 3:
Features: cross-lease, one-third share in 1271m², 3 bedrooms, double carport, 3 offstreet parking spaces
Outcome: pre-auction offer reserve $570,000, sold for $616,000
Agent: Jesse Lawson

New Lynn

6 Islington Avenue, unit 3:
Features: 188m² unit, 4 bedrooms, 3 bathrooms, internal-access tandem garage
Outgoings: body corp levy $2389/year
Outcome: sold for $832,000
Agent: Kelly Zhang

Te Atatu South

9 Marewa St, unit 1:
Features: cross-lease, half share in 822m², 3 bedrooms, deck, double garage
Outcome: no bid, back on market at $639,000
Agents: Josh Aarons & Clara Wu

South

Mangere Bridge

3A Kowhai Avenue:
Features: cross-lease, m², 4 bedrooms, 2 bathrooms, double garage, 2 offstreet parking spaces
Outcome: pre-auction offer reserve $950,000, sold for $990,000
Agent: Mitch Owens

Attribution: Auctions.

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12 intensive properties sell at Barfoot auction, sections passed in

12 intensive-living properties sold out of 17 auctioned at Barfoot & Thompson yesterday – 2 cbd apartments plus suburban units, townhouses & houses on cross-leases.

2 eastern suburbs sections were passed in. One, in St Heliers, is back on the market for $2.5 million, at $3090/m². The other, smaller section in Mt Wellington is back on the market at $618,000, or $1657/m².

CBD

Learning Quarter

Pembridge, 38 Symonds St, unit 18:
Features: 1930s apartment, 2 bedrooms, carport
Outgoings: body corp levy $3833/year
Outcome: sold for $501,000
Agents: Jonathan White & Jo Pickering

Uptown

Urba, 5 Howe St, level 6, unit 8:
Features: 65m², 8m² balcony, new 2-bedroom apartment, 2 bathrooms
Outgoings: body corp levy $3691/year
Outcome: no bid, back on market at $739,000
Agents: Shirley Shen

Isthmus east

Epsom

40 Mauranui Avenue:
Features: 3-level townhouse, 3 bedrooms, 2 bathrooms, patio, double internal-access garage
Outgoings: body corp levy $3156/year
Outcome: sold for $1.35 million
Agents: Robert Thompson & Juan Xin

Mt Wellington

316 Ellerslie-Panmure Highway, unit 4:
Features: 80m², 2-bedroom unit, balcony, garage
Outcome: sold for $601,000
Agents: Cindy Yu

11A Harwood Rd:
Features: 373m² fully serviced rear section
Outcome: no bid, back on market at $618,000
Agents: Jane Wang & Dragon Zhou

111 Panama Rd, unit 6:
Features: cross-lease, half share in 1981m², 2-bedroom unit, internal-access garage
Outcome: passed in, back on market at $529,000
Agents: Jane Wang & Dragon Zhou

Onehunga

287 Onehunga Mall, unit 262:
Features: 2-level, 2-bedroom apartment, 2 bathrooms, balcony, garage & carport
Outgoings: body corp levy $5526/year excluding water
Outcome: sold for $600,000
Agents: Gavin Han

Panmure

60A Te Koa Rd:
Features: cross-lease, one-third share in 662m², 2 bedrooms, single carport
Outcome: no bid, back on market at $528,000
Agents: Jane Wang & Dragon Zhou

Parnell

10B Taurarua Terrace:
Features: cross-lease, half share in 1199m², 7 bedrooms, 4 bathrooms, double carport, workshop
Outcome: sold for $2.525 million
Agents: John Zhang & Louissa Bao

Remuera

43 Abbotts Way, unit 1:
Features: cross-lease, one-fifth share in 1459m², 2-bedroom unit, single garage
Outcome: sold for $650,000
Agents: Neno Radinovich

31 Aldred Rd:
Features: cross-lease, half share in 622m², 3 bedrooms, 2 bathrooms, internal-access double garage
Outcome: sold for $1.5 million
Agents: Nicholas Lyus & Julia Nah

24 Standen Avenue:
Features: cross-lease, half share in 763m², 4 bedrooms, 2 bathrooms, study, deck, double garage
Outcome: no bid
Agent: Dennis Dunford

St Heliers

366 Kohimarama Rd, unit 1:
Features: cross-lease, half share in 1072m², 255m² townhouse, 4 bedrooms, 2 bathrooms, double garage
Outcome: no bid
Agents: Julie Kennedy

35 Vale Rd:
Features: 809m² cleared section
Outcome: no bid, back on market at $2.5 million, or $3090/m²
Agent: Kelly Midwood

Isthmus west

Mt Eden

Grange Hall, 492 Mt Eden Rd, unit 3:
Features: cross-lease, one-7th share in 1039m², 70m² unit, 2 bedrooms, garage
Outcome: sold for $770,000
Agents: Frank Excell & Ketiesha Elliott

12A Wembley Rd:
Features: cross-lease, half share in 680m², 3 bedrooms, deck, carport
Outcome: sold for $1.021 million
Agents: Derek Helliwell & Cathy Giles

Mt Roskill

336B Mt Albert Rd:
Features: cross-lease, half share in 814m², 3 bedrooms, 2 bathrooms, deck, garden, 3 offstreet parking spaces
Outcome: sold for $1.001 million
Agents: Kelly Zhang

Sandringham

183 Mt Albert Rd, unit 1:
Features: cross-lease, quarter share in 1012m², 2-bedroom unit, single garage
Outcome: sold for $680,000
Agents: Angel Li & Louis Lai

Three Kings

9 Kingsway:
Features: 111m², 3-bedroom bungalow, 2 bathrooms, deck
Outgoings: body corp levy $2491/year
Outcome: sold for $1.25 million
Agents: Christine & Mark Wooding

Attribution: Auctions.

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20 intensive sales at Barfoot auctions

In a series of auctions through the week, Barfoot & Thompson sold 20 apartments, townhouses & suburban units and passed in on 10 plus an office.

A lot of the detail that I collect at auctions is missing from these ones, but one price stands out – a top-floor one-bedroom apartment in Portland Tower (pictured above) on Queen St in the cbd, sold for $455,000 at just under $14,700/m² to a buyer who’d been outbid on 2 other apartments in the building.

Among other features of the week’s auctions:

A Parklane penthouse apartment overlooking the bottom of Myers Park sold for about $8500/m² after allowing for parking.

2 apartments in Conrad Properties Ltd’s new Urba development at the top of Howe St, just off Karangahape Rd, were both passed in. I include those & nearby apartment conversions above the Hopetoun St overpass in my uptown category. Down the bottom of the hill, a Howe St garden unit fits into my Freemans Bay category, and sold.

Cross-leases can be anything from a large house to a terrace to a small unit, but I figure they all involve some intensification of land use. I’ve been including cross-leases in my auction results for several months, mainly to show that a broad categorisation as “intensive is bad” doesn’t do justice to the many evident differences.

CBD

Albert St

Manhattan, 105 Albert St, unit 4C:
Features: 81m², 2-bedroom apartment
Outcome: sold for $610,500
Agent: Belinda Illingworth

Learning Quarter

56 Airedale St, unit B1:
Features: 58m², air-conditioned ground-floor office space, bathroom, 2 parking spaces
Outcome: no bid
Agents: Wayne Muir & Jane Tang

Portland Tower on Queen St.

Portland Tower on Queen St.

Queen St

Portland Tower, 62 Queen St, unit 16A:
Features: 31m², one-bedroom penthouse, high-stud, balcony
Outcome: sold at pre-auction offer of $455,000, at $14,677/m²
Agents: Stephen & Leo Shin

CityLife, 171 Queen St, unit 309:
Features: 63m², one bedroom
Outcome: sold for $424,000
Agents: Aaron Cook & Betty Shao

Uptown

Parklane, 68 Greys Avenue, unit 5B (pictured):
Features: 190m² penthouse on 2 levels, 3 bedrooms, 2 bathrooms, balconies, 2 secure parking spaces & lockup storage units
Outcome: sold for $1.74 million
Agents: Julia Barnett & Ryan Littler

Urba, at the top of Howe St.

Urba, at the top of Howe St.

Urba Residences, 5 Howe St, unit 211:
Features: flexi-room – one bedroom + study, parking space
Outcome: no bid
Agents: Alastair Brown & Hayley Sok

Urba Residences, 5 Howe St, unit 306:
Features: m², flexi-room – one bedroom, study, 2 bathrooms
Outcome: no bid
Agents: Alastair Brown & Hayley Sok

Victoria Quarter

Fiore, 152 Hobson St, unit 1202:
Features: 3 bedrooms, 2 bathrooms, wraparound deck, parking space
Outcome: passed in at $800,000
Agents: Aaron Cook & Betty Shao

Auckland City Hotel serviced units, 157 Hobson St, unit 113:
Features: one-bedroom apartment, separate lounge, in hotel lease until 1 November 2018
Outcome: passed in at $150,000
Agents: Cindy Wu & Sidney Chan

Auckland City Hotel serviced units, 157 Hobson St, unit 213:
Features: one-bedroom apartment, separate lounge, in hotel lease until 1 November 2018
Outcome: sold for $180,000
Agents: Cindy Wu & Sidney Chan

Ascent, 149 Nelson St, unit 308:
Features: one-bedroom apartment
Outcome: no bid
Agent: Mike Campbell

Isthmus east

Mt Wellington

5 Alana Place:
Features: cross-lease, half share in 675m², 2-bedroom unit, sunroom, carport
Outcome: sold for $671,000
Agent: Margaret Jackson

108 Barrack Rd, unit 1:
Features: 2-bedroom ground-floor unit, carport, locker
Outcome: sold for $520,000
Agent: Rain Diao

Newmarket

Broadway Park, 10 Laxon Terrace, unit 2B:
Features: 2-bedroom apartment, balcony, 2 offstreet parking spaces
Outcome: sold for $827,000
Agent: Charles Benedict

One Tree Hill

163A Campbell Rd:
Features: cross-lease, half share in 951m², 4-bedroom house, double garage
Outcome: passed in
Agents: Angel Li & Louis Lai

Panmure

20 Allenby Rd, unit 6:
Features: 2-bedroom duplex unit
Income assessment: up to $460/week
Outcome: sold for $645,000
Agents: Zane Munif & Colin Yang

Remuera

31 Ascot Avenue, unit 2:
Features: 248m² site, 2-bedroom townhouse, deck, yard, double carport
Outcome: passed in, back on market at $1.08 million
Agents: Lucy Liu

Remuera Mews, 29 Green Lane East, unit 2:
Features: 142m² 2-bedroom apartment, 2 bathrooms, balcony, single garage
Outcome: sold for $1.155 million
Agents: Joanna Deighton & Jill Jackson

27 Lucerne Rd, unit 1:
Features: m², 2-bedroom unit, single garage
Outcome: passed in
Agent: Sara-Jayne Kingston

St Heliers

8A Brookfield St, unit 2:
Features: 4-bedroom terrace, 2 bathrooms, double garage
Outcome: sold for $1.4 million
Agent: Lynette Boyd

95A St Heliers Bay Rd:
Features: 3-bedroom unit, carport
Outcome: passed in
Agents: Jane Wang & Angela Qi

80A West Tamaki Rd:
Features: cross-lease, half share in 847m², 3 bedrooms, 3 bathrooms, balcony, double internal-access garage
Outcome: sold for $999,000
Agents: Jane Wang & Dragon Zhou

Isthmus west

Avondale

13 Holly St, unit 3:
Features: cross-lease, one-fifth share in 1621m², 3-bedroom unit, deck, 2-bedroom self-contained flat downstairs
Outcome: no bid
Agents: Eugene Yamamoto & Matt O’Rourke

Eden Terrace

Basque Park Apartments, 15 Fleet St, unit 1A:
Features: 2-bedroom apartment, 2 bathrooms, balcony, parking space
Outcome: sold for $795,000
Agents: Ryan Harding & Matt O’Rourke

Freemans Bay

148 Howe St, unit 17:
Features: 2-level 2-bedroom apartment, deck, garden, offstreet parking
Outgoings: rates $2191/year including gst; body corp levy $4317/year
Outcome: sold for $952,000
Agent: Tristan Young

Grey Lynn

8 Burgoyne St, unit 14:
Features: 3-bedroom townhouse, 2 bathrooms, balcony, single garage
Outcome: sold for $760,000
Agents: Ryan Harding & Matt O’Rourke

Herne Bay

9 Clifton Rd, unit 2:
Features: cross-lease, quarter share in 1325m², 2-level unit, 3 bedrooms, courtyard, parking space
Outcome: sold for $1.48 million
Agents: Carl Madsen & George Damiris

Mt Roskill

68A Bremner Avenue:
Features: cross-lease, half share in 683m², 3-bedroom house, study
Outcome: sold for $882,000
Agent: Angel Li

Three Kings

36B Haughey St:
Features: cross-lease, half share in 1545m², 5 bedrooms, double internal-access garage, offstreet parking
Outcome: sold for $1.34 million
Agents: Vern Hines & Sara Knight

Westmere

29 William Denny Avenue:
Features: cross-lease, half share in 943m², 4-bedroom unit, 2 bathrooms, balcony, storage, internal-access garage
Outcome: sold for $1.875 million
Agent: Felicity Scott

North-west

New Lynn

10 Crown Lynn Place, unit 2D:
Features: m², studio, balcony, storage unit, parking space, new code compliance certificate issued
Outcome: sold for $230,000
Agent: Anna Lechtchinski

Attribution: Auctions.

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Minister takes Fletcher side on 3 Kings, and local politicians cry foul

Environment Minister Nick Smith & Housing NZ Corp joined legal proceedings yesterday over appeals lodged against the $1.2 billion redevelopment of the Three Kings quarry in Auckland.

In his role as Environment Minister, Dr Smith said: “I am taking this unusual step of joining proceedings to support the Auckland Council and Fletcher Residential Ltd because of the size & significance of the project and to make a firm stand in favour of these sorts of plan changes that are needed to address Auckland’s growth & housing problems.”

As Building & Housing Minister, Dr Smith said: “Housing NZ Corp has joined proceedings because the appeals would adversely affect the corporation’s ability to improve the supply & quality of housing in the adjacent areas and because of the environmental & other community benefits of the development.”

Harry Doig & Michael Wood, representing the majority Roskill Community Voice group on the Puketapapa Local Board, described the legal move as “central government bullying”.

“Attractive conversion of ugly, disused quarry,” says minister

The council’s Auckland development committee voted 15-5 on 12 November to approve the land exchange with Fletcher Residential Ltd which forms part of the transaction.

Fletcher wants to fill in part of the crater and develop up to 1500 homes, including terrace homes of 2 & 3 storeys, apartment blocks of 3 & 4 storeys and 10-storey cascading apartment buildings set against the quarry slope.

The full proposal provides for rezoning of 112ha of the quarry & adjoining land. Under Fletcher’s preferred proposal for 21.6ha, open spaces would include 2 sports fields, recreational parkland & a wetland terrace.

Dr Smith said: “This $1 billion Three Kings development converts an ugly, disused 22ha quarry into an attractive community of 1500 apartments & townhouses, retail space & new sportsfields. It is exactly the sort of development we need to overcome Auckland’s growth problems by providing intensive & integrated housing on key public transport corridors only 8km from the city centre. Fletchers has already demonstrated at Stonefields that quarries can be converted into highly successful & attractive housing developments. This is the largest brownfield site in close proximity to the city that is suitable for housing.

“Community consultation on the redevelopment of the Three Kings quarry began in 2008 and has involved over 70 public, community & local board meetings & hui. The plan change application was lodged in September 2014, with 237 submissions – of which two-thirds were in support. Hearings were held before 4 independent commissioners appointed by Auckland Council in May, and approval was granted for the plan change & development on 2 November. The commissioners concluded it would provide the opportunity for a ‘quality built environment’.”

SHA law designed to prevent this kind of appeal

2 incorporated societies, the South Epsom Planning Group and Three Kings United Group, filed Environment Court appeals on 11 January, seeking to overturn approval of the development and requiring the site to be restored to pre-quarry levels, with only low-rise housing allowed.

Dr Smith commented: “The practical impact of these appeals is that they would reduce the number of new homes by 1000, make them much more expensive and significantly delay the project. The most likely outcome if the appeal is successful is that this disused quarry will remain vacant for another decade while Auckland families struggle to find suitable homes to buy or rent.

“We have been able to avoid these planning problems on dozens of other Auckland housing projects through the use of the Government’s special housing areas legislation that preclude these sorts of appeals. A 1.4ha corner of the Three Kings site has been declared a special housing area, all consents have been granted and 78 homes are now under construction. The special housing areas legislation could not be used for the bulk of the Three Kings development because it exceeds 6 storeys.

“The Three Kings case confirms the need for Resource Management Act reform and the impact it has on Auckland’s housing development. The Resource Legislation Reform Bill currently before Parliament contains specific provisions that would enable future residential developments of this type to be streamlined, but this bill is not due to be passed until later this year.”

Dr Smith said Cabinet decided the Government should join the Environment Court proceedings at its first meeting of the year, last Tuesday, and lodged its notice yesterday. The minister said he’d also instructed his counsel, Dr Claire Kirman, to explore with other parties to the proceedings this matter being given priority by the court, noting its importance.

“Joining the proceedings is about the Government using every tool available to help address Auckland’s planning & housing problems,” Dr Smith said.

Board members call it standover tactics

At the local board level, Messrs Doig & Wood said: “Yesterday’s extraordinary announcement from Nick Smith that central government will join legal proceedings in the Three Kings development case brings central government bullying & standover tactics into plain sight.

“Senior Auckland councillors have told us for some time that central government has been threatening the council with action unless it agreed to the developer’s proposal, and now it is clear that the Government wishes to also intimidate local residents who are utilising their legal rights through the courts.

“It is important to remember that in this case, the proposed development is not simply a private concern. It involves the use of large holdings of publicly owned reserve land. Given this, it is entirely appropriate that local residents have the right to have their case heard without heavy-handed Government intervention.

“We also find it utterly extraordinary that Minister Smith & the Government would take this action at the same time as another Government minister is supposed to be considering the critical & related question of whether an exchange of public reserve land should proceed. The minister, Maggie Barry, is supposed to make that statutory decision with an impartial mind, only taking into account the best interests of the reserve. How can she possibly do that when the cabinet she has collective responsibility within, has now taken an entrenched legal position on the development?

“A responsible & competent housing minister who actually wished to advance the situation would use his influence to broker a mutually agreeable outcome. Local residents have championed an alternative development plan from a leading landscape architect that would see a significant medium-density apartment development, integrated with the neighbouring town centre, and in sympathy with the adjacent Big King volcano. An opportunity for an outstanding, integrated residential development is here, but it will languish in the courts while the developer, Auckland Council & the minister collude to ram their preferred plan through. Our local board is willing to sit down and work through an agreeable compromise, but the minister will need to move into a more constructive mode.”

Links:Fletcher Residential Three Kings proposal documents(pdf 2.36 MB)
Auckland Council decision of the hearing commissioners on proposed plan change 372(pdf 1.42 MB)
Appeal against plan change 372 by South Epson Planning Group Inc. and Three Kings United Group Inc.(pdf 255.37 KB)
Section 274 notice from the Minister for the Environment(pdf 428.56 KB)

Earlier stories:
25 November 2015: Three Kings development protest continues
12 November 2015: Propbd on Q Th12Nov15 – 4 sell at B&T Commercial auction, 4 units sell at Ray White auction, 3 Kings exchange approved, Maori sites list cut
11 June 2015: Propbd on Q Th11Jun15 – Auction result, 3 Kings land exchange, decisions on plan changes, council model for elderly housing
14 November 2014: Three Kings debate goes to & fro, council to continue negotiating just with Fletcher
22 September 2014: Fletcher adds detail to 3 Kings plan change proposals
12 September 2014: 3 Kings plan changes approved for notification

Attribution: Ministerial & board members’ releases.

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Three Kings development protest continues

Three Kings United Group president Garry Bryant said yesterday the land swap agreement between Auckland Council & Fletcher Residential Ltd around the Three Kings volcanic cone & quarry “is not yet a done deal”.

The council’s Auckland development committee voted 15-5 on 12 November to approve the land exchange

Local community groups say they are likely to appeal to the Environment Court on the plan change.

Fletcher wants to fill in part of the crater and develop up to 1500 homes, including terrace homes of 2 & 3 storeys, apartment blocks of 3 & 4 storeys and 10-storey cascading apartment buildings set against the quarry slope.

The full proposal provides for rezoning of 112ha of the quarry & adjoining land. Under Fletcher’s preferred proposal for 21.6ha, open spaces would include 2 sports fields, recreational parkland & a wetland terrace.

Mr Bryant said local groups were likely to appeal against the land swap to the Environment Court, but would decide on their next move at a public meeting in the Three Kings Primary School Hall on Tuesday 1 December at 7.30pm.

He said: “The community is not against development of the site but are objecting to a number of issues, including lack of sensitivity to the local environment, especially the Big King volcanic cone and poor access & connectivity.”

Earlier stories:
12 November 2015: Propbd on Q Th12Nov15 – 4 sell at B&T Commercial auction, 4 units sell at Ray White auction, 3 Kings exchange approved, Maori sites list cut
11 June 2015: Propbd on Q Th11Jun15 – Auction result, 3 Kings land exchange, decisions on plan changes, council model for elderly housing
14 November 2014: Three Kings debate goes to & fro, council to continue negotiating just with Fletcher
22 September 2014: Fletcher adds detail to 3 Kings plan change proposals
12 September 2014: 3 Kings plan changes approved for notification

Attribution: Three Kings United release.

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