Archive | Devonport

Trinity apartment sells

One apartment was sold, another apartment & a townhouse passed in at Bayleys residential auctions around the region this week (on top of the apartment sold at the city branch on Wednesday – click link below).

Isthmus east

Parnell

Trinity, 429 Parnell Rd, unit 302:
Features: 106m², air-conditioned 2 bedrooms, 2 bathrooms, decks, 2 parking spaces
Outgoings: rates $3463/year including gst
Outcome: sold for $1.375 million
Agents: Gary & Vicki Wallace

North-east

Belmont

3 Bellcroft Place, unit 1:
Features: 4-bedroom townhouse, 2 bathrooms, decks, garage
Outcome: passed in, back on market at $1.295 million
Agents: Amelia-Jane Hoffmann & Ryan Steven

South

Howick

12 Selwyn Rd, unit 1G:
Features: 2 bedrooms, 2 bathrooms, patio, parking space
Outcome: sold for $683,000
Agent: Doug McLean

Earlier story:
23 March 2017: Hotel unit sells on low yield and Mission Bay church goes

Attribution: Company release.

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$500 bids end in $100k raise on acceptable sale price

Small steps can make a journey last a long time, as 3 bidders at Barfoot & Thompson’s apartments auction found this morning.

2 bidders at a time – one joined in and one of the first 2 pulled out – they were chasing a 3-bedroom suburban unit in Onehunga (pictured above). It was taken to what’s called a pre-auction auction – an offer has been deemed acceptable to the vendors but it still goes to auction, brought forward. Bidding started slowly, and in low rises, mostly of $500. It took half an hour, but the price crept up to $101,000 above the acceptable offer before the second bidder gave in.

Another pre-auction property was sold at a slight rise and an uptown apartment was sold on the sole bid.

CBD

Learning Quarter

The Statesman, 1 Parliament St, unit 8:
Features: 93m², 2 bedrooms, parking space
Outgoings: rates $2241/year including gst; body corp levy $4975/year
Outcome: withdrawn from auction
Agents: Stephen Shin & Rhys Chen

Uptown

The Chatham, 70 Pitt St, unit 705:
Features: 72m², 2-bedroom corner apartment, 2 bathrooms, balcony, storage locker, secure parking space
Outgoings: body corp levy $6486/year
Outcome: sold for $750,000, the only bid
Agents: Mike Campbell & Grant Elliott

Victoria Quarter

Marina Park, 146 Fanshawe St, unit 32:
Features: 40m², one bedroom, parking space
Outgoings: body corp levy $3237/year
Outcome: no bid, back on market at $459,000
Agents: Stephen Shin & Zoran Farac

Isthmus east

Onehunga

Norfolk Rise, 110E Grey St:
Features: 3 bedrooms, carport
Outgoings: body corp levy $1195/year
Outcome: taken to auction early after offer of $685,652 was acceptable, sold for $787,500 after a half hour of raises, mostly in $500 steps
Agents: Wayne & Lisa Parfitt

Isthmus west

Eden Terrace

43 Virginia Avenue East, unit 303
Features: 2 bedrooms, 2 parking spaces
Outgoings: body corp levy $5145/year
Outcome: no bid, back on market at $599,000
Agents: Stephen Shin & Zoran Farac

North-east

Devonport

17A Church St, unit 3:
Features: cross-lease, 1/8 share in 1846m², 2 bedrooms, 2 storage sheds, offstreet parking
Outcome: taken to auction early after offer of $905,000 was acceptable, sold for $920,000
Agents: Linda Simmons & Jacquie McDonald

Attribution: Auction.

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Sale on Devonport waterfront

A grand Edwardian unit on the Devonport waterfront (pictured) was sold under the hammer at Bayleys’ North Shore residential auction last week.

It was one 6 apartment & townhouse sales at suburban branches around the region. Another 2 sold at the city office’s auction.

Isthmus east

Newmarket

73A Carlton Gore Rd, unit 7:
Features: 3-bedroom terrace in enclave of 9 townhouses, 2 bathrooms, parking space
Outcome: passed in, back on market at $935,000
Agent: Jenny Kek

Parnell

9 St Georges Bay Rd, unit 2D:
Features: 2-bedroom apartment, 2 bathrooms, study, loggia, 2 basement parking spaces, 2 storage units
Outgoings: rates $3833/year including gst
Outcome: sold for $2.05 million
Agent: Blair Haddow

Remuera

11 Victoria Avenue, unit 2:
Features: 143m², 2-bedroom ground-floor apartment, 2 bathrooms, lift to garage & storeroom
Outcome: sold for $1.552 million
Agents: Robert Ashton & Carmel McLaughlin

North-east

Devonport

5A King Edward Parade:
Features: 220m², 2-bedroom single-level apartment in the former Elizabeth House on waterfront, 3 living rooms, private rear courtyard, double garage, French doors to front terrace, seismically strengthened; initially conceived as a luxury hotel, it has ornate plaster moulded ceilings, 4m stud, central heating, gas fire, underfloor heating
Outcome: sold for $3 million
Agent: Victoria Bidwell

132 Victoria Rd, unit 1C:
Features: 2-bedroom apartment, 2 bathrooms, 2 parking spaces
Outcome: sold for $875,000
Agent: Prue de Bie

South

Flat Bush

96A Michael Jones Drive:
Features: 89m², 2-bedroom ground-floor apartment, 2 courtyards, parking space
Income assessment: $450-500/week
Outcome: passed in, back on market at $499,000
Agent: Clare Nicholson

Howick

6 Baird St:
Features: 3-bedroom townhouse, 2 bathrooms, private garden, parking space
Outcome: sold for $898,000
Agent: Doug McLean

Somerville

40B Simmental Crescent:
Features: 3-bedroom townhouse, internal-access garage with workshop
Outcome: sold prior for $920,000
Agent: Berwyn Moore

Sunnyhills

42 Stanniland St, unit 1:
Features: 2-bedroom unit, internal-access garage
Outcome: sold prior for $670,000
Agent: Angela Rudling

Earlier story:
25 November 2016: Multi-tenant Oneroa building & 2 apartments sell at auction

Attribution: Auction roundup.

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5 apartments sell at Bayleys auctions

5 apartments & townhouses were sold out of 7 auctioned by Bayleys this week at its One Tree Hill, Remuera & Takapuna rooms. A Manukau warehouse unit was passed in.

The sales were at the Kilbryde apartments on Gladstone Rd (unit arrowed) and another in St Georges Bay Rd, both in Parnell, a Remuera apartment and 2 in Devonport.

Apartments

Isthmus east

Parnell

Kilbryde, 104 Gladstone Rd, unit 3A:
Features: 2-bedroom apartment, 2 bathrooms, study, 2 parking spaces
Outcome: sold for $2.046 million
Agent: Fleur Denning

106A Gladstone Rd:
Features: nearly 400m², 4-bedroom townhouse, 4 bathrooms, 3 living areas, exclusive garden, private lift, basement storage, 2 parking spaces
Outcome: passed in
Agent: Fleur Denning

9 St Georges Bay Rd, unit 2D:
Features: 2-bedroom apartment, 2 bathrooms, study, central air-conditioning, heated floors, 2 basement parking spaces, 2 storage units
Outgoings: rates $3833/year including gst
Outcome: sold for $2.05 million
Agent: Blair Haddow

Remuera

167 Portland Rd, unit 3:
Features: 2-bedroom ground-floor unit, terrace, 2 parking spaces
Outcome: passed in, back on market at $719,000
Agent: Alan Elliott

261 Remuera Rd, unit 6:
Features: 142m², 3-bedroom apartment, 2 bathrooms, deck, carport, storage unit
Outcome: sold for $1.25 million
Agent: Larry Sewell

North-east

Devonport

7B Old Lake Rd:
Features: 2-bedroom townhouse opposite Narrow Neck Beach, third bedroom or rumpus, 2 bathrooms, 2 parking spaces
Outcome: sold for $1.225 million
Agent: Lynda Betts

Devon Park, 45 Stanley Point Rd, apartment 1003:
Features: 2-bedroom apartment, 2 bathrooms, deck, parking space
Outcome: sold for $1.301 million
Agent: Prue de Bie

Commercial

South

Manukau Central

13 Ryan Place, unit C:
Features: 201m² industrial unit with shower, toilet & kitchen – high stud warehouse 79m², lunch room/amenities 26m², ground floor low stud 35m², 3 rooms on first floor 61m²; 3 parking spaces
Outcome: passed in
Agent: Mike Marinkovich

Attribution: Agency release.

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Updated: Hobsonville industrial site sells, 4 leases secured around Shore

A light industrial site at Hobsonville has been sold and Bayleys agents on the North Shore have also secured 4 leases.

Sale:

North-west

Hobsonville

102 Hobsonville Rd, lot 19:
Features: 4800m2 landholding zoned light industrial
Outcome: sold for $1.65 million at $343.75/m2
Agent: Grant Miller

Leases:

North-east

Devonport

59A Victoria Rd:
Features: 74m² office
Rent: leased in October for $16,000/year net + gst at $216/m²
Agents: Jane Sims, Chris White & Tonia Robertson

Rosedale

65 Paul Matthews Rd, unit L(15):
Features: 74m² commercial kitchen, 2 parking spaces
Rent: leased in October for $22,000/year net + gst at $297/m²
Agents: Anna Radkevich, Adam Curtis & Adam Watton

Wairau Valley

75 View Rd, unit 3C:
Features: 156m² retail unit – 126m² retail, 30m² front balcony, 4 parking spaces
Rent: leased in October for $29,000/year net + gst at $230/m²
Agent: Terry Kim

Windsor Park

6 Rosedale Rd, unit G:
Features: 60m² retail, 3 parking spaces
Rent: leased in October for $20,000/year net + gst at $281/m², parking $20/space/week, net excluding parking $16,880
Agents: Michael Nees, Steven Liu, Simon Aldridge & David Huang

Attribution: Agency releases.

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2 apartments & development site sell at auctions

A Devonport apartment (pictured), a Mangere unit and a Takapuna site available under the unitary plan for intensification were sold at Bayleys auctions around the region last week. Another apartment at White Heron point and a One Tree Hill townhouse were passed in.

Isthmus east

One Tree Hill

19A Ngatiawa St:
Features: m², 4-bedroom townhouse, 2 bathrooms, parking space
Outcome: passed in, back on market at $1.015 million
Agent: Lindy Lawton

Parnell

White Heron Point, 154 St Stephens Avenue, unit 2D:
Features: 231m², 3-bedroom garden apartment, 2 living areas, 2 ensuites & third bathroom, study, terraces, covered patio, walk-in storage, 2 parking spaces
Outgoings: rates $9758/year including gst; body corp levy $15,318/year
Outcome: passed in
Agent: Ross Tierney

North-east

Devonport

11C Wynyard St (pictured):
Features: 3-bedroom apartment 4 back from the waterfront, 2 bathrooms, deck, 2 parking spaces
Outcome: sold prior for $1.325 million
Agent: Victoria Bidwell

Takapuna

16 Puriri St:
Features: 731m² section, mixed housing urban zoning under proposed unitary plan giving potential for 3-level townhouses up to 11m, 3 bedrooms, parking space
Outcome: sold prior for $1.562 million at $2137/m²
Agent: Malcolm Low

South

Mangere Bridge

7 Mona Avenue, unit 2:
Features: 3-bedroom unit, garage
Outcome: sold for $630,000
Agent: Steve Coppard

Attribution: Agency release.

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3 apartments & villa in 2 flats sell at Bayleys auction

All 3 apartments – plus a Western Springs villa broken into 2 flats – were sold under the hammer at Bayleys’ auction yesterday.

CBD

Uptown

Lapwood Spiral, 8 Scotia Place, unit 7A:
Features: one-bedroom apartment, parking space, large remediation project pending
Outgoings: body corp levy $4029/year
Income assessment: $380/week
Outcome: sold for $165,000
Agent: Marcus Fava

Victoria Quarter

Heritage Tower, 22 Nelson St, unit 701:
Features: fully furnished, air-conditioned one-bedroom apartment
Outgoings: rates $1253/year including gst; body corp levy $6832/year
Outcome: sold for $485,000
Agent: Diane Jackson & Julie Price

Isthmus west

Western Springs

53 Springfield Rd, units 1 & 2:
Features: cross-lease, half share in 941m², 2 2-bedroom flats in old villa, one carport & one offstreet parking space each
Outcome: sold for $1.205 million
Agent: Jude Finch

North-east

Devonport

11C Wynyard St:
Features: renovated 3-bedroom apartment 4 back from the waterfront, 2 bathrooms, deck, 2 parking spaces
Outcome: sold at pre-auction offer of $1.325 million
Agent: Victoria Bidwell

Attribution: Auction.

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Corrected: 3 sales & 7 leases signed by Shore agents

Bayleys agents on the Shore have made 3 sales and signed 7 lease agreements, including one for a shop in Chancery, in the Auckland cbd. One lease address below has been corrected.

Sales:

North-east

Albany

14 Corinthian Drive, unit 10:
Features: 102m² retail unit – retail 85m², 17m² other area
Rent: $45,000/year net
Outcome: sold in August for $910,000 + gst at a 4.95% yield, $8835/m²
Agent: James Yu

Rosedale

9 Piermark Drive, unit A:
Features: 579m² unit – office 393.1m², warehouse 185.9m², 14 parking spaces
Rent: $56,000/year net
Outcome: sold in August for $1.155 million + gst at $2677/m²
Agents: Laurie Burt & James Kidd

19-21 Triton Drive, unit F:
Features: 700m² industrial building occupied by Global Survey Ltd, 14 parking spaces
Rent: $144,000/year net
Outcome: sold in September for $2.467 million + gst at a 5.8% yield
Agents: Michael Nees & Laurie Burt

Leases:

CBD

Chancery

50 Courthouse Lane:
Features: 34m² shop
Rent: leased in August for $29,000/year net + gst
Agent: Trevor Duffin

North-east

Albany

42 Tawa Drive, building E, suite E:
Features: 89m² office, 3 parking spaces
Rent: leased in September for $26,820/year net + gst, $23,700 excluding parking, parking $20/space/week, premises rental $266/m²
Agents: James Kidd, Ryan Dannhauser & Ashton Geissler

Devonport

2 Queens Parade, unit C:
Features: 153m² retail
Rent: leased in August for $56,000/year net + gst, premises rental $366/m²
Agents: Chris White & Tonia Robertson (Bayleys) and Ted Hill (Barfoot & Thompson)

Rosedale

63 Apollo Drive, unit H2:
Features: 166m² office, 3 parking spaces
Rent: leased in August for $44,700/year net + gst, including parking at $20/space/week, premises rental $250/m²
Agent: Alex Strever

26 Arrenway Drive, unit B:
Features: 465m² unit – warehouse 376m², 89m² office, 7 parking spaces
Rent: leased in August for $65,000/year net + gst
Agent: Laurie Burt

9 Tait Place, unit A5:
Features: 127m² unit – 97m² warehouse, 30m² office
Rent: leased in September for $23,000/year net + gst, premises rental $180/m²
Agent: Laurie Burt

Takapuna

Correction: 20 Northcroft St, part level 2 (originally written as part level 1):
Features: 64m² office, 2 parking spaces
Rent: leased in September for $24,000/year net + gst, $20,360 excluding parking, parking $35/space/week, premises rental $274/m²
Agent: Dean Gilbert-Smith

Attribution: Agency release.

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11 Hobsonville Pt commercial units & a Beach Haven store sell at auction

11 commercial units in the year-old Brickworks building at Hobsonville Point (pictured) – including an ATM machine & a dog wash – were sold at auction by NAI Harcourts on Wednesday.

They achieved yields in a range of 4.7-5.2%.

The ATM & dog wash were sold in a package with the Brickworks development’s convenience store at an even 5% yield. The other units were a medical centre & pharmacy (also sold together), a dental practice, a beauty & nail salon, a sushi shop, a café, an Indian restaurant and a pizza & burger takeaway shop.

Developer Tasman Cook Ltd also built 60 apartments & townhouses above the retail outlets on the block at 160 Hobsonville Point Rd.

Isaac Tankard was an agent on all the properties, and Andrew Bruce on all but the Devonport one.

Also sold at the NAI Harcourts auction was a convenience store in Beach Haven. An office unit on Queens Parade, opposite the Devonport wharf, was passed in.

North-east

Beach Haven

366 Rangatira Rd:
Features: 202m² section, 224m² floor area including office, standalone corner building, remodelled & expanded in 2006, occupied as a convenience store since then
Rent: $27,453/year + gst + outgoings, rent review due in September
Outcome: sold for $809,500 at a 3.39% yield

Devonport

2 Queens Parade, unit C:
Features: vacant 153m² unit opposite the Devonport wharf, 3 glass-partitioned office & open area, secure parking space
Outgoings: body corp levy $5752/year
Outcome: passed in

North-west

Hobsonville Point

Brickworks, 160 Hobsonville Point Rd:

Units 1, 88 & 99:
Features: 84m² total floor area – convenience store, ATM machine & dog wash
Rent: $45,424/year net + gst
Outcome: sold for $908,000 at a 5.00% yield

Unit 2A:
Features: 84m² beauty & nail salon
Rent: $37,000/year net + gst, 6 years from November 2015, 2 6-year rights of renewal
Outcome: sold for $710,000 at a 5.21% yield

Unit 2B:
Features: 123m² dental practice
Rent: $52,171/year net + gst, 6 years from July 2015, 3 6-year rights of renewal
Outcome: sold for $1.11 million at a 4.7% yield

Units 3A & 3B:
Features: 136m² pharmacy & 139m² medical centre
Rent: pharmacy $58,525/year net + gst, 10 years from June 2015, 3 6-year rights of renewal; medical centre $59,707/year net + gst, 5 years from June 2015, one right of renewal of 5 years & 3 of 6 years
Outcome: sold together for $2.51 million at a 4.71% yield

Unit 4:
Features: 68m², sushi shop
Rent: 32,712.50/year net + gst, 8 years from January 2016, 2 6-year rights of renewal
Outcome: sold for $650,000 at a 5.03% yield

Unit 5:
Features: 118m² cafe
Rent: $58,911/year net + gst, 10 years from June 2015, 2 8-year rights of renewal
Outcome: sold for $1.2 million at a 4.9% yield

Unit 6:
Features: 118m² Indian restaurant
Rent: $49,876/year net + gst, 6 year from February 2016, 2 6-year rights of renewal
Outcome: sold for $1 million at a 4.98% yield

Unit 7:
Features: 69m² pizza & burger takeaways
Rent: $33,848.71/year net + gst, 8 years from August 2015, one 8-year right of renewal
Outcome: sold for $700,000 at a 4.83% yield

Attribution: Agency release.

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Propbd on Q F1Apr16 – Tamaki handover, Metlifecare settles, Goodman extends facility, Argosy cuts facility, Devonport sale

Tamaki Housing NZ properties formally handed over
Metlifecare settles Albany purchase
Goodman extends main bank facility
Argosy cancels $50 million of bank facility
Devonport sale post-auction

Tamaki Housing NZ properties formally handed over

Ownership & management of about 2800 Housing NZ Ltd properties in Tamaki were formally transferred yesterday to the Tamaki Regeneration Co Ltd, 59% owned by the Government & 41% by Auckland Council.

Housing NZ Minister Bill English said a Tamaki Regeneration subsidiary, the Tamaki Housing Association, would become the new landlord today for Housing NZ tenants who live in Glen Innes, Pt England & Panmure.

Mr English said the Tamaki regeneration had a social as well as a development focus: “This government is working hard to empower its tenants to be independent where possible, and a safe & secure home environment is the first step towards that.”

The Tamaki Regeneration Co was established to lead the Tamaki regeneration programme, intended to deliver 7500 social, affordable & private homes in the next 10-15 years.

Metlifecare settles Albany purchase

Retirement village developer & operator Metlifecare Ltd said yesterday it had settled the purchase of its 3ha site at 98 McClymonts Rd, Albany, taking its total sites to 26. The company expects to complete the first units in its 2019 financial year.

Chief executive Alan Edwards said Metlifecare had a landbank for 2184 units & care beds and was looking for more development opportunities.

Goodman extends main bank facility

Goodman Property Trust manager Goodman (NZ) Ltd said yesterday it had extended the trust’s main bank facility. Chief financial officer Andy Eakin said the extension would maintain a weighted average term to expiry of more than 5 years across all the trust’s debt facilities.

The externally managed NZX-listed unit trust has a market capitalisation of $1.6 billion, ranking it in the top 15 of all listed investment vehicles. Its manager is a subsidiary of the ASX-listed Goodman Group, which owns 20.62% of the trust.

The $600 million main facility provides debt funding from a syndicate of trading banks that includes ANZ, BNZ, CBA, HSBC & Westpac. As of yesterday, the trust had almost $200 million of headroom in its main bank facility. In addition to those facilities, the trust has a 51% interest in the Wynyard Precinct Holdings Ltd joint venture. Its proportionate share of that facility is $80.1 million, provided by Westpac.

Argosy cancels $50 million of bank facility

Argosy Property Ltd has cancelled the $50 million tranche C of its bank facility, effective yesterday. Chief executive Peter Mence said this tranche was due to expire on 30 September but was no longer required.

He said there was no change to the remaining bank facility of $550 million, which is split into 2 tranches. The first tranche of $275 million expires on 30 September 2018 and the second tranche of $275 million expires on 30 September 2020, giving a weighted average duration of 3.5 years.

Devonport sale post-auction

Colliers agents have completed the sale of a property on Victoria Rd, Devonport, which was passed in at auction a fortnight ago, when trustees of the owner weren’t able to authorise sale at the $3.8 million top bid.

North-east

Devonport

30 Victoria Rd:
Features: 392m² site, 851m² building, 2 retail tenants, office, 4-bedroom upstairs apartment, seismic rating 100% new building standard
Rent: $179,074/year net
Outcome: passed in at $3.8 million on 16 March, sold for that figure after negotiation
Agents: Matt Prentice & Shoneet Chand

Attribution: Company & ministerial releases.

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