Archive | North Shore agency

Wairau Valley development site sells

A large Wairau Valley development site was sold for $5 million last week through a tender run by Bayleys. Bayleys North Shore agents have also completed 3 new leases.

Sale

North-east

Wairau Valley

202 Wairau Rd:
Features:7136m² vacant site zoned business 9 on 2 titles
Outcome:sold for $5 million at $700/m² on 23 May
Agents:Ranjan Unka, Trevor Duffin & Nick Howe-Smith

Leases

North-east

Albany

4 Civil Place, unit D:
Features:214m² office/warehouse – warehouse 124m², office 90m²
Rent: $30,000/year net at $140/m², leased in April
Agents:Laurie Burt

19 Orbit Drive, unit D:
Features:942m² office/warehouse
Rent: $117,500/year net at $124.73/m²
Agents:Matt Mimmack, Laurie Burt & Ranjan Unka

Rosedale

215 Rosedale Rd, unit M:
Features:245m² office, 7 parking spaces
Rent: $36,666.67pa + gst + opex at $149.66/m²
Agents:Tonia Robertson & Alex Strever

Attribution: Agency release.

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Takapuna & Avondale buildings sell at Colliers

A 2-storey Takapuna building with considerably more development potential and a 2-storey building in the Avondale shopping area both sold under the hammer at Colliers International today.

Negotiations were continuing separately post-auction on 2 units in an Albany Village retail centre, one occupied and the other recently vacated.

North-east

Albany

210 Dairy Flat Highway, units B1 & C7:
Features: 2 92m² units, upstairs one vacant but recently leased at $40,000/year net + gst, ground-floor unit occupied by Dominos Pizza NZ Ltd
Rent: potential $83,000/year + gst – Dominos on $43,328/year net + gst, other unit vacant
Outcome: passed in at vendor bid of $900,000, separate negotiations under way on each unit
Agents: Janet Marshall & Deborah Dowling

Takapuna

18 Byron Avenue:
Features: 2-storey brick & tile building with 519m² net lettable area on 827m² site, residential zone, commercial use, potential to increase height limit from 8m to 20.5m under proposed unitary plan
Rent: $169,000/year net
Outcome: sold for $2.42 million
Agents: Euan Stratton & Peter Herdson

Isthmus west

Avondale

52 Rosebank Rd:
Features: 516m² site, 500m² floor area, in Avondale shopping centre
Rent: $50,000/year + gst fully tenanted
Outcome: sold for $790,000
Agents: Oscar Kuang & Nicolas Ching

South Island

Invercargill

87 Dee St:
Features: 240m² ground-floor retail, first-floor accommodation on 156m² site
Rent: $35,020/year + gst fully tenanted
Outcome: no bid
Agents: Oscar Kuang & Nicolas Ching

Attribution: Auction.

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All 3 sell at Colliers auction

All 3 North Shore properties taken to auction at Colliers International on Wednesday were sold, the third one shortly after being passed in at a much lower price.

North-east

Birkenhead

69-79 Birkenhead Avenue:
Features: 253m² site, 422m² building, multi-tenanted
Rent: $57,999/year net + gst, potential given as $92,000
Outcome: sold for $1.33 million
Agents: Craig Newth & Euan Stratton

Takapuna

13 Barry’s Pt Rd:
Features: 989m² building on 1555m² site, 6 tenants
Rent: $180,341/year net
Outcome: passed in at $1.5 million, sold shortly after for $2.35 million at 7.7% yield
Agents: Mike Ryan & Nick Recordon

Wairau Valley

48A Diana Drive:
Features: 697m² building
Rent: $81,000/year net from 3-year lease with personal guarantees
Outcome: sold for $1.035 million
Agents: Mike Ryan & Matt Prentice

Attribution: Auction documents.

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Shore agents complete 2 sales & 4 leases

Bayleys agents on the North Shore have completed 2 sales & 4 leases, including one sale of a Hamilton building.

Sales

North-east

Albany

9-11 Rothwell Avenue, unit I:
Features: 322m² – 191m² warehouse, 131m² office, 6 parking spaces
Outcome: sold vacant in February for $593,000 + gst at $1841/m² land & building
Agent: Laurie Burt

South of the Bombays – Waikato

Hamilton

14 Garden Place:
Features: 961.5m² building on 341m² site – 732m² office, 229.5m² retail
Rent: $67,000/year net
Outcome: sold for $1.7 million + gst at 3.94% yield
Agent: Brian Caldwell

Leases

North-east

Albany

5 Ceres Court, unit 2C:
Features: 78m² office, 2 parking spaces
Rent: $19,500/year + gst + opex at $250/m²
Agent: Alex Strever

13 Piermark Drive, unit F:
Features: 296m² – 188m² warehouse, 108m² office, 5 parking spaces
Rent: $32,500/year net at $109/m², signed in January
Agent: Laurie Burt

19 Tarndale Grove:
Features: 180m² office, 6 parking spaces
Rent: $48,000/year + gst + opex at $266.66/m², signed in February
Agents: Alex Strever & Matt Mimmack

Silverdale

12 Anvil Rd, unit 1:
Features: 276.5m² – warehouse 224m², 52.5m² office, 4 parking spaces
Rent: confidential, signed in January
Agent: Rosemary Wakeman

Attribution: Agency releases.

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Auburn St & Piermark leases signed

Bayleys North Shore has completed 2 leasing transactions in Albany & Takapuna.

North-east

Albany

8 Piermark Drive, unit D:
Features: 401m² – warehouse 265m², office 136m², 7 parking spaces
Rent: $50,000/year net at $125/m²
Agent: Laurie Burt

Takapuna

5 Auburn St, ground floor:
Features: 48m² office, one parking space
Rent: $11,905/year + gst + opex at $251/m², signed in February
Agent: Dean Gilbert-Smith

Attribution: Agency release.

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Target Rd warehouse sold

Bayleys North Shore has reported a Wairau Valley warehouse sale completed in February and a Lake Rd shop lease signed in November

Sale

Wairau Valley

127C Target Rd:
Features: 463m² vacant industrial unit – 246m² warehouse,  217m² office/mezzanine, 9 parking spaces
Outcome: sold in February for $675,000 + gst at $1457/m²
Agents: Matt Mimmack, Trevor Duffin & Rosemary Wakeman

Lease

Takapuna

445 Lake Rd, shop 3:
Features: 110m² shop
Rent: leased in November at $35,000 + gst + opex at $317/m²
Agents: Terry Kim

Attribution: Agency release.

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2 Albany sales, one Mt Eden lease

Bayleys agents have concluded 2 sales at Albany and a lease in Mt Eden.

Isthmus west

Mt Eden

199 Mt Eden Rd, part ground floor:
Features: 76m² office, one parking space
Rent: $26,000/year + gst + opex at $ 342.11/m²
Agents: Tonia Robertson & Robert Scott

North-east

Albany

10 Airborne Rd, unit 5:
Features: vacant 120m² building – 40m² warehouse, 80m² office or apartment, 2 parking spaces
Outcome: sold for $460,000 + gst at $3,833.33/m²
Agent: Laurie Burt

20 Parkway Drive, unit D:
Features: 140m² industrial building – 100m² warehouse, 40m² office/showroom, 3 parking spaces, occupied by Toyotouch Vehicle Maintenance
Rent: $22,000/year + gst
Outcome: sold for $300,000 + gst at $2142.86/m², 7.33% yield
Agent: James Kidd

Attribution: Agency releases.

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4 sales & 2 leases for Bayleys agents

Bayleys agents have reported 3 cbd sales and another at the foot of Parnell, and 2 leases at Albany.

Sales

CBD

Learning Quarter

2 Emily Place, level 7:
Features: 223m² full office floor, 2 decks & harbour views, 2 basement parking spaces
Outcome: sold vacant for $580,000.
Agents: Damien Bullick & Cameron Melhuish

Queen St valley

198 Federal St, unit 2B:
Features: 258m² vacant office unit, 4 parking spaces
Outcome: sold for $428,000
Agents: Terry Kim & Andre Siegert

Victoria Quarter

5 Nelson St:
Features: 4-level 1187m² 20-year-old commercial building on 869m² site, about 50% leased, 3 office levels above 33 ground-floor parking spaces
Outcome: sold for $3.5 million at a 6.4% yield
Agent: Nigel McNeill

Isthmus east

Parnell

77 The Strand, unit 5:
Features: 146m² 2-level commercial unit, part of a retail & office development, 4 parking spaces at front plus deck on upper level
Outcome: sold vacant for $580,000
Agent: Damien Bullick

Leases

North-east

Albany

243-249 Bush Rd:
Features: 3152m² industrial building – 2253m² warehouse, 899m² office, 294m² other space, 44 parking spaces
Rent: $430,000/year + gst at $136.42/m²
Agents: Matt Mimmack & Laurie Burt

59 Paul Matthews Rd, unit 8:
Features: 125m² – 97m² warehouse, 28m² office, 2 parking spaces
Rent: $22,000/year + gst + opex at $176/m²
Agents: Terry Kim & James Yu

Attribution: Agency releases.

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Sales in west and at Albany for Bayleys agents

Bayleys agents have completed sales in the west (on the isthmus and just beyond), adding to the regular transaction record at Albany.

Sales

Isthmus west

Avondale
489 Rosebank Rd, unit J:
Features: 2220m² warehouse & office unit one back from the road, vacant apart from an 895m² tenancy at the front, 31 parking spaces
Outcome: sold for $2.4 million, buyer will occupy most of the building
Agents: Grant Miller & Mike Adams

North-east

Albany

34 Triton Drive, unit B1:
Features: 224m² office, 6 parking spaces
Outcome: sold for $670,000 + gst at $2991/m² land & buildings
Agent: Alex Strever

North-west

Glen Eden

20 Oates Rd, unit 10:
Features: 833m² office unit with 3-year lease to Ministry of Social Development with 5 3-year rights of renewal
Outcome: sold for $2.06 million at an 8.1% yield
Agent: Tony Chaudhary

New Lynn

27 Veronica St:
Features: unsealed 1691m² site with 300m² of older warehousing
Outcome: sold with vacant possession for $700,000
Agents: Mike Adams & Grant Miller

Lease

North-east

Albany

227 Bush Rd:
Features: 266m² office, 8 parking spaces
Rent: $30,000/year + gst + opex at $112.78/m²
Agent: Alex Strever

Attribution: Agency releases.

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2 Albany sales for Bayleys office

Bayleys North Shore Commercial agents have completed 2 sales & a lease at Albany, and an office lease in Takapuna.

North-east

Sales

Albany

86 Bush Rd, unit I:
Features: 76m² retail building, 15 years old, 2 parking spaces
Rent: $18,000/year + gst + opex
Outcome: sold for $295,000 + gst
Agents: James Yu & Alex Strever

9 Piermark Drive, unit A:
Features: 1572m² industrial property, 601m² building – 416m² office, 185m² warehouse, 15 parking spaces
Outcome: sold for $945,000 + gst
Agents: Laurie Burt

Leases

Albany

4 Orbit Drive, Building I:
Features: 198m² building – 158m² office, 40m² warehouse, 4 parking spaces
Rent: $48,080/year + gst + opex at $240/m²
Agents: Matt Mimmack & Alex Strever

Takapuna

433 Lake Rd, top floor:
Features: 52m² office, one parking space
Rent: $9376/year + gst + opex at $187.50/m²
Agents: Dean Gilbert-Smith

Attribution: Agency release.

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