Archive | Mairangi Bay

Sale & 4 leases for Shore agents

Bayleys agents on the North Shore have sold a unit in Rosedale Mews and signed 3 leases in Mairangi Bay & Rosedale, plus the lease on a 4m² retail unit in Queens Court, across the road from the Auckland Town Hall.

Sales:

North-east

Rosedale

Rosedale Mews, 51 William Pickering Drive, unit 12:
Features: 180m² unit on the corner of Rosedale Rd – retail 60m², office 60m², warehouse 60m²
Rent: $14,000/year net
Outcome: sold in November for $700,000 + gst at $3889/m²
Agents: Michael Nees, Adam Watton, Adam Curtis, Simon Aldridge & David Huang

Leases:

CBD

Queen St

368 Queen St, unit G43:
Features: 4m² retail unit
Rent: leased in November for $2303/year net + gst, premises rental $575.75/m², gross rent $7800/year + gst
Agent: Steven Liu

North-east

Mairangi Bay

14 Vega Place, unit F:
Features: 534m² unit – office 178m², warehouse 356m², 10 parking spaces
Rent: leased in November for $80,000/year net + gst, premises rental given as $149.81/m², so free parking
Agents: Ashton Geisler & Laurie Burt

Rosedale

33 Apollo Drive, unit 3:
Features: 174m² office unit, 5 parking spaces
Rent: leased in November for $46,960/year net + gst, parking $20/space/week, net excluding parking $41,760/year, premises rental $240/m²
Agents: Ryan Dannhauser & Alex Strever

96 Rosedale Rd, unit 20:
Features: 90m² retail unit, shared parking
Rent: leased in November for $43,000/year net + gst at $410/m²
Agent: Eddie Zhong

Attribution: Agency release.

Continue Reading

Birdwood & Paritai apartment blocks sell under hammer

A block of 9 apartments (pictured) in a 4-level building on Birdwood Crescent, Parnell, was sold for $6.75 million at Bayleys’ auction last Thursday.

The property has further development potential under the new unitary plan, including basement apartments & 2 extra levels on top.

Another multi-unit property, on Paritai Drive, also topped the $6 million mark at the auction in Bayleys’ Remuera office.

Units in Mairangi Bay & Mt Wellington also sold at Bayleys branch office auctions.

Isthmus east

Meadowbank

21 Houghton St, unit 4:
Features: 2-bedroom end unit, garage
Outcome: passed in, back on market at $699,000
Agents: Dianne Nichol & Steve Gill

Mt Wellington

68 Banks Rd, unit 1:
Features: cross-lease, quarter share in 1219m², 90m² 2-bedroom unit, carport
Outcome: sold for $560,000
Agent: Reinka Ratti

Orakei

146 Paritai Drive:
Features: 4 one-bedroom 1960s apartments and a 2002 4-bedroom family residence with a separate living area, long-term tenants, 12 parking spaces
Income assessment: gross rent about $180,000/year
Outcome: sold for $6.15 million
Agents: Robert Ashton (Bayleys) & Mike Zelcer (Ray White)

Parnell

3 Birdwood Crescent:
Features: 701m² site, floorspace 796m² internal + 66m² of decks, 4-level apartment building constructed in 1968, 9 apartments – 6 of 2 bedrooms, 3 of one bedroom, basement storage & laundry, 13 parking spaces, zoned terrace housing & apartment building under the new unitary plan, allowing for 3 new apartments at basement level and the potential to add 2 floors
Outgoings: rates $15,111/year including gst
Income assessment: current gross rent $199,627/year, assessment $262,860/year gross
Outcome: sold for $6.75 million
Agent: Gary Wallace

North-east

Mairangi Bay

5 Hastings Rd, unit 1:
Features: 2-bedroom unit, work-from-home options
Outcome: sold for $807,500
Agent: Tara Menzies

Attribution: Agency release.

Continue Reading

2 office sales & 4 leases on Shore

Colliers agents on the North Shore have sold 2 office buildings in Mairangi Bay & Rosedale and signed 4 leases, 3 in Mairangi Bay and one in the Wairau Valley.

North-east

Sales

Mairangi Bay

7C Antares Place:
Features: 473m², vacant office
Outcome: sold for $1.7 million
Agents: 
Ryan de Zwart, Janet Marshall & Nick Recordon

Rosedale

27-29 William Pickering Drive, unit E1:
Features: 
98m², vacant office
Outcome: 
sold for $362,500
Agents: 
Mike Ryan & Janet Marshall

Leases

Mairangi Bay

56 Apollo Drive, unit 8:
Features: 
90m², retail
Rent: $47,000/year net + gst
Agents: 
Euan Stratton, Ellie Martin & Nilesh Patel

7C Triton Drive:
Features: 153m² trade retail
Rent: $54,000/year net + gst
Agents:
 Ryan de Zwart & Matt Prentice

14J Vega Place:
Features: 
547m² industrial unit
Rent: $88,000/year net + gst
Agents:
 Ryan de Zwart & Janet Marshall

Wairau Valley

23-25B Porana Rd, unit A:
Features: 
warehouse 1673m², office 177m²
Rent: $240,000/year net + gst
Agents: 
Euan Stratton & Matt Prentice

Attribution: Agency release.

Continue Reading

Parakai site resold, and Lincoln Rd outlet leased again

A Parakai residential development site has been sold and 6 premises on the Shore, at Henderson and in the cbd leased by Bayleys North Shore agents.

The Parakai land, on Fordyce Rd, is part of a large site given subdivision approval last year and sold shortly after.

Among the leases, the retail unit at 151 Lincoln Rd in Henderson (pictured), originally taken up by Oporto, has been leased again. That unit was sold ahead of an auction of the rest of the new development last year. It’s since been passed in at a Colliers auction and listed but withdrawn from auction at Bayleys.

Sales:

North-west

Parakai

56 Fordyce Rd, stage 1:
Features: 5.58ha of residential development land
Outcome: sold for $4 million
Agents: Michael Block & Damian Stephen

Leases:

CBD

Learning Quarter

8 Airedale St, unit 102:
Features: 20m² retail unit,
Rent: leased in October for $24,000/year net + gst, premises rental $1200/m²
Agent: Steven Liu

North-east

Mairangi Bay

15 Orbit Drive:
Features: 2566m² industrial building, 30 parking spaces
Rent: leased in October for $422,000/year net + gst
Agent: Matt Mimmack

4 Orbit Drive, unit G1, suite 1:
Features: 20m² office, parking space
Rent: leased in October for $13,000/year gross, at $650/m²
Agent: Jane Sims

Wairau Valley

8 Ashfield Rd, unit 3:
Features: 122m² industrial unit – warehouse 102m², office 20m², 3 parking spaces
Rent: leased in October for $19,800/year net + gst, at $162.30/m²
Agent: Trevor Duffin

49 Porana Rd, unit 3:
Features: 128m² warehouse, 2 parking spaces
Rent: leased in October for $22,100/year net + gst at $172/m²
Agents: Adam Watton & Adam Curtis

North-west

Henderson

151 Lincoln Rd, unit 4:
Features: 150m² retail unit
Rent: leased in October for $42,000/year net + gst at $280/m²; first leased in 2014 at $55,000/year net + gst
Agents: Steven Liu & Eddie Zhong

Earlier stories:
7 December 2015: Correction: Sales in Parakai, Wellington & Christchurch
14 August 2014: Rival agent sold Lincoln Rd pizza shop before balance of project taken to auction
7 August 2014: 6 retail & business units passed in at Barfoots auction

Attribution: Agency release.

Continue Reading

Updated: 5 Lincoln Rd retail units sell at auction

Auctioneer John Bowring took 105 bids on the first of 5 shops in Aubrey Edward Group Ltd (Tom Tuke & Dean Whimp)’s 301 Lincoln Rd development yesterday before selling it on a 5.1% yield, and took over 70 bids on 2 more of the outlets.

The first of these outlets, a standalone Texas Chicken drive-through at the entrance, took 40 minutes to get to a sale. The eventual outcome at the Colliers auction was 5 sales out of 5 for the Henderson development at yields ranging from a whisker under 5% up to 5.4%.

After that, potential bidders on the remaining 3 properties on the Shore & at Pakuranga chickened out. 2 of these properties received no bid and the third, offered with vacant possession, was also passed in – but was sold 6 days later.

North-east

Forrest Hill

120 Sunnynook Rd, unit 0:
Features: 209m² fruit & vege shop & coolstore, plus Vodafone tower, 15-year lease from May 2011
Rent: $112,162.50/year net + gst
Outcome: no bid
Agents: Jimmy O’Brien, Euan Stratton & Mike Ryan

Mairangi Bay

Updated: 7C Orbit Drive:
Features: vacant 752m² office & warehouse, 9m stud, high stud roller door to warehouse, over 300amp 3-phase power, 12 parking spaces
Outcome: passed in at $1.885 million, sold post-auction to an owner-occupier for that figure
Agents: Matt Prentice & Janet Marshall

North-west

Henderson, 301 Lincoln Rd:

Unit 14, Texas Chicken:
Features: standalone outlet at entrance to new retail & fast-food development, 15-year lease + 2 6-year terms, final expiry 2043
Rent: $165,000/year net + gst
Outcome: sold for $3.236 million at a 5.1% yield
Agents: Shoneet Chand, Matt Prentice & Sean Finnegan

Unit A5, Flame Pizza:
Features: 79.4m², 8-year lease + 2 4-year rights of renewal
Rent: $43,670/year net + gst
Outcome: sold for $837,000 at a 5.2% yield
Agents: Shoneet Chand, Peter Kermode & Craig Smith

Unit A7, Mark Anthony Hair Design:
Features: 75.2m², 6-year lease + 2 3-year rights of renewal
Rent: $39,480/year net + gst
Outcome: sold for $796,000 at a 4.96% yield
Agents: Shoneet Chand, Peter Kermode & Craig Smith

Unit B3, Yu Tea:
Features: 127m², 6-year lease + 2 4-year rights of renewal; the owners intend to open more stores around Auckland
Rent: $60,325/year net + gst
Outcome: sold for $1.126 million at a 5.36% yield
Agents: Shoneet Chand, Peter Kermode & Craig Smith

Unit B5, Mexicali:
Features: 160m², 8-year lease + 2 6-year rights of renewal
Rent: $96,000/year net + gst
Outcome: sold for $1.921 million at a 4.997% yield
Agents: Shoneet Chand, Peter Kermode & Craig Smith

South

Pakuranga

43 Ben Lomond Crescent:
Features: 4375m² site, 2395m² floor area, 6-year lease from August 2015, A grade seismic rating
Rent: $216,864/year net + gst
Outcome: no bid
Agents: Shoneet Chand & Dwayne Warby

Attribution: Auction.

Continue Reading

Updated: 3 strong sales at Colliers auction, 1 post-auction

Published 12 October 2016, updated 17 October 2016:
Colliers auctioneer John Bowring sold 3 properties for $12.1 million today, followed by 3 passed in, 2 with no bid.

The properties sold were a development site on Beach Rd, Mairangi Bay (pictured above), a Mt Eden Rd corner with 2 retail tenancies at a 4.5% yield, and a child education centre in Henderson on a 6.1% yield.

A Wairau Valley warehouse, passed in at auction, was sold later in the week.

Isthmus east

Onehunga

163 Trafalgar St:
Features: 320m² site on corner of Onehunga Mall, 461m² gross floor area
Rent: total projected rent $179,920/year + gst from 6 upstairs apartments & 2 commercial tenants
Outcome: no bid
Agents: Tony Allsop, Gawan Bakshi & Jonathan Lynch

Isthmus west

Mt Eden

395 Mt Eden Rd:
Features: 378m² site in Mt Eden Village, 2 retail tenancies & a small upstairs office associated with one tenant, Corner Burger
Rent: $185,000/year net + gst
Outcome: sold for $4.1 million at a 4.5% yield
Agents: Peter Kermode, Adam White & Gawan Bakshi

North-east

Mairangi Bay

423-427 Beach Rd:
Features: 1358m² site  zoned local centre under the proposed unitary plan, 305m² building, seismic rating 67% of new building standard
Rent: holding income $48,187/year, bank premises vacant
Outcome: sold for $4.5 million
Agents: Tony Allsop, Euan Stratton, Jimmy O’Brien & Gareth Fraser

Takapuna

74 Barry’s Pt Rd:
Features: 1189m² site zoned mixed use under the unitary plan, 852m² total floor area comprising showroom, warehouse  offices, 2 tenants, 15 parking spaces
Rent: about $160,000/year net
Outcome: no bid ($2 million indicator from vendor)
Agents: Matt Prentice, Shoneet Chand & Euan Stratton

Wairau Valley

Updated: 188 Target Rd, unit 1:
Features: vacant 868.4m² unit – 580m² warehouse with stud from 4.8-7.8m, 195m² ground- & first-floor offices, 18 parking spaces
Outcome: passed in at $1.515 million, sold post-auction for $1.65 million
Agents: Matt Prentice & Euan Stratton

North-west

Henderson

301 Lincoln Rd, unit A11:
Features: new Co-Kids Ltd childcare centre on 12-year lease, 2 12-year rights of renewal, annual & market rental reviews
Rent: $214,032/year net + gst; agents say it’s under-rented at only $42/child/week
Outcome: sold for $3.5 million at a 6.1% yield
Agents: Shoneet Chand, Peter Kermode & Craig Smith

301 Lincoln Rd, unit 14:
Features: new 15-year lease, 2 6-year rights of renewal for final expiry March 2043
Rent: $165,000/year net + gst
Outcome: auction postponed until Thursday 20 October
Agents: Shoneet Chand, Matt Prentice & Sean Finnegan

Attribution: Auction.

Continue Reading

3 sales & 4 leases for Bayleys Shore agents

Bayleys North Shore agents have completed 3 sales & 4 leases, including one sale of a retail building in Manukau.

Sales

North-east

Rosedale

43 Omega St, unit GC:
Features: 195m² office unit in industrial 7C zone, 6 parking spaces
Outcome: sold in April for $585,000 + gst at $3000/m² land & building
Agents: Ryan Dannhauser & Alex Strever

7 Triton Drive, unit F:
Features: 180m² retail unit – retail 120 m², warehouse 30 m², other 30 m², 3 parking spaces
Outcome: sold for $965,000 + gst at $5361.11/m² land & building
Agents: Adam Curtis & Rosemary Wakeman

South

Manukau

225 Burswood Drive:
Features: 1878 m² site, 729m² retail building – retail 671m², office 58 m², 34 parking spaces
Outcome: sold in April for $2.98 million + gst at $4088/m² land & building
Agent: Terry Kim

Leases

North-east

Mairangi Bay

63 Apollo Drive, unit C4:
Features: 168m² office, 4 parking spaces
Rent: leased in May for $35,840/year net + gst, parking at $20/space/week, premises rental $213/m²
Agents: Alex Strever & Michael Nees

Rosedale

Rosedale Rd Centre, 96 Rosedale Rd, unit 18:
Features: 101m² retail unit
Rent: leased in April for $51,000/year net + gst, premises rental $500/m²
Agents: James Yu & Terry Kim

Takapuna

437 Lake Rd:
Features: 88m² office, 5 parking spaces
Rent: leased in May for $32,500/year net + gst, parking $25/space/week, premises rental $26,000 at $295/m²
Agents: Dean Gilbert-Smith & Ashton Geissler

Wairau Valley

17 Ashfield Rd, unit 5:
Features: 145m² industrial unit – warehouse 100m², office 45m², 2 parking spaces
Rent: leased in May for $15,600/year net + gst, premises rental $107.58/m²
Agent: Trevor Duffin

Attribution: Agency release.

Continue Reading

Updated: Make that 3 Shore warehouses sell

2 warehouse & office units in the North Harbour industrial estate & Mairangi Bay were sold under the hammer at Colliers’ auction today. A vacant Wairau Valley industrial unit was passed in, then sold a few hours later.

North-east

Mairangi Bay

9 Orbit Drive, unit 5:
Features: 540m² office & warehouse
Rent: $60,000/year net + gst, 3-year lease from 1 February 2015 with one 3-year right of renewal
Outcome: sold for $1.16 million
Agents: Euan Stratton & Mike Ryan

North Harbour industrial estate

11 Douglas Alexander Parade, unit F:
Features: 324.5m² building – high stud warehouse 180.1m², ground-floor showroom & office 72.2m², first-floor office 72.2m², 5 parking spaces
Outcome: sold for $890,000
Agents: Matt Prentice & Shoneet Chand

Wairau Valley

Updated: 59 Porana Rd, unit 6:
Features: 152m², vacant industrial unit, dual roller doors, minimal office space
Outcome: passed in at $485,000, sold post-auction for $515,000
Agents: Euan Stratton & Sam Sherning

Attribution: Auction.

Continue Reading

Agents secure new leases on properties just sold

Colliers agents on the North Shore have signed separate lease deals on 2 properties they’ve sold in Mairangi Bay & Rosedale, along with 2 more sales and another 2 leases.

North-east

Sales

Albany

106 Bush Rd, unit E:
Features: 123.5m² office, 5 parking spaces
Outcome: sold in February for $380,000 + gst at $3077/m² land & building
Agent: Nick Recordon

210 Dairy Flat Highway, unit B8:
Features: 90m² retail, 2 parking spaces
Outcome: sold in February for $340,000 + gst at $3696/m² land & building
Agents: Janet Marshall & Nick Recordon

Mairangi Bay

44 Constellation Drive, unit H (pictured):
Features: 125m² office plus parking
Outcome: sold in January for $400,000 + gst at $3200/ m² land & building
Agents: Nick Recordon & Janet Marshall

Rosedale

80 Paul Matthews Rd, unit 4A:
Features: 92m² office, 3 parking spaces
Outcome: sold in February for $281,000 + gst at $3054/m² land & building
Agents: Nick Recordon & Euan Stratton

Leases

Albany

75 Corinthian Drive, unit A1:
Features: 170m² office, 5 parking spaces
Rent: leased in January at year 1 $38,000, year 2 $40,000, year 3 $42,000/year net + gst, including parking at $15/space/week
Agents: Nick Recordon & Janet Marshall

Mairangi Bay

44 Constellation Drive, unit H:
Features: 125m² office, 4 parking spaces
Rent: leased in March at $29,000/year net + gst, including parking at $15/space/week, premises rental $207/m²
Agents: Janet Marshall & Nick Recordon

Rosedale

80 Paul Matthews Rd, unit 4A:
Features: 92m² office, 3 parking spaces
Rent: leased in February at $22,000/year net + gst, including parking; premises rental $213/m²
Agents: Nick Recordon & Euan Stratton

Takapuna

3 Barrys Point Rd, unit 2:
Features: 113m² office, 2 parking spaces
Rent: leased in February at $30,000/year net + gst, including parking at $35/space/week, premises rental $233/m²
Agents: Nick Recordon & Mike Ryan

Image above: The property at 44 Constellation Drive. The unit just sold & leased is one building back from the roadfront.

Attribution: Company release.

Continue Reading

Silverdale property sells at strong yield

A light industrial property at Silverdale (outlined) attracted strong interest at a Colliers auction at Takapuna yesterday, resulting in sale at a 5.8% yield on net income.

A second property on the auction list, a small retail space in a conversion on Queen St in the cbd, attracted no interest and the third property on the list, an office on Apollo Drive, Mairangi Bay, was withdrawn.

CBD

Queen St

Cornell Tower, 368 Queen St, unit 1:
Features: 10m² ground-floor retail space, Chinese herbal medicine business as tenant has rights of renewal until 2023
Rent: $27,000/year net
Outcome: no bid
Agents: Jasmine Yao & Sean Finnegan

North-east

Mairangi Bay

59 Apollo Drive, unit G1:
Features: 284.3m² office, 43m² courtyard, 5 tenants in Apollo Technical Office Park
Rent: $47,912/year net + gst
Outcome: withdrawn from auction
Agents: Euan Stratton & Sean Finnegan

Silverdale

11 Manga Rd:
Features: 835m² industrial site, 325m² building, 7m-high stud, unconsented 45m² mezzanine, concrete yard
Rent: gross $54,395/year + gst, net about $47,806/year + gst
Outcome: sold for $820,000
Agents: Ryan de Zwart, Shoneet Chand & Sam Sherning

Attribution: Auction.

Continue Reading
WordPress Appliance - Powered by TurnKey Linux