Archive | Silverdale

Sale & 8 leases on Shore

Bayleys agents on the North Shore have concluded one sale outside the auctionroom and signed up 8 new tenants in their latest transactions report. I’ve omitted some of the premises rental figures which seemed to include parking at zero.

North-east

Sales:

Albany

6-8 Omega St, unit 7 & 9:
Features: 449m² office unit
Rent: $110,000/year net, new 3-year lease
Outcome: sold in December for $1.56 million + gst at a 7.05% yield
Agents: Alex Strever. Dean Gilbert-Smith, Michael Nees, Simon Aldridge, David Huang & Matt Mimmack

Leases:

Albany

12 Oteha Valley Rd extension:
Features: 274m² retail,
Rent: leased in November for $62,500/year net + gst, premises rental $228/m²
Agents: Adam Curtis, Adam Watton & Eddie Zhong

Forrest Hill

97 Sunnynook Rd:
Features: 100m² office, 8 parking spaces
Rent: leased in November for $36,000/year net + gst
Agent: Terry Kim

Northcote

48 Lake Rd, unit C:
Features: 158m² retail, 2 parking spaces
Rent: leased in October for $33,000/year net + gst
Agents: Steven Liu & Damian Stephen

Rosedale

8 Triton Drive, unit A:
Features: 346m² – office 136m², warehouse 212m², 5 parking spaces
Rent: leased in December for $57,000/year net + gst
Agents: Laurie Burt

Silverdale

1 Keith Hay Court, unit 4:
Features: 121.18m² warehouse, 3 parking spaces
Rent: leased in October for $21,813/year net + gst
Agent: Rosemary Wakeman

Takapuna

495 Lake Rd, tenancy B:
Features: 220m² office
Rent: leased in October for $44,000/year net + gst, premises rental $200/m²
Agents: Jane Sims

1-7 The Strand, level 4:
Features: 694m² office, 15 parking spaces
Rent: leased in December for $274,960, parking $50/space/week, rent net of parking $235,960/year, gross premises rental $340/m²
Agents: Dean Gilbert-Smith, Tonia Robertson & Chris White

Wairau Valley

54 View Rd, unit 10:
Features: 142m² unit – office 71m², showroom 71m², 2 parking spaces
Rent: leased in December for $35,000/year net + gst
Agents: Ashton Geissler & Matt Mimmack

Attribution: Agency release.

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Caltex site on Fanshawe St sells

A Fanshawe St site which Z Energy Ltd said was too valuable to be a petrol station has, indeed, been sold for over 4 times its valuation as a Caltex service station.

The site was among 10 former Caltex outlets with retailers installed on short-term contracts when Z Energy took over Chevron NZ Ltd’s Caltex & Challenge brands, and is the first of the 10 to have its future decided.

Z Energy got a valuation of $5 million on it as a service station and has sold it through a Colliers tender for $23.274 million.

The pumps, across the road from Victoria Park on the edge of the Wynyard Quarter, closed at the start of August. New office developments are rising on 2 sides of it.

Sales

CBD

Wynyard Quarter

155-167 Fanshawe St:
Features: 3879m², former Caltex service station site
Outcome: sold for $23.274 million
Agents: Colliers capital markets team

Leases:

CBD

Queen St

260 Queen St:
Features: 90m², commercial premises, leased to Love My Makeup Ltd by McDonalds Restaurants Ltd
Rent: $235,000/year gross + gst
Agent: Nilesh Patel

Isthmus east

Mt Wellington

5 Tiri Place:
Features: 1160m² industrial property, lessor Tiri Partnership Ltd, lessee SKU Ltd, lease term including renewals 6 months
Rent: $52,200
Agents: Ben Herlihy, Dwayne Warby & Todd Kuzmich

North-east

Albany

6 Tawa Drive:
Features: 2095m² industrial premises leased to Auckland City Couriers Ltd – warehouse 1133.7m², mezzanine 550m², office 412m², hardstand container loading area
Rent: $232,000/year
Agents: Ryan de Zwart, Matt Prentice & Hamish West

Silverdale

18A & B David McCathie Place:
Features: 2199m² office & warehouse, leased to Masons Plastabricks Ltd
Rent: $222,500/year
Agents: Ryan de Zwart, Matt Prentice & Shoneet Chand

South

East Tamaki

331B East Tamaki Rd:
Features: 840m² industrial property, lessor GLT Properties Ltd, lessee Nexus Foams Ltd, lease term 3 years, 3 3-year rights of renewal
Rent: $13,333.33 net
Agents: Jolyon Thomson, Hamish West & Paul Higgins

Earlier story:
31 August 2016: Fanshawe St site ‘too valuable for a petrol station’

Attribution: Agency release.

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Takapuna WINZ building sold

The 4-storey WINZ (Work & Income NZ) building (pictured), built across Lake Rd from the Shore City mall in Takapuna in 1986, has been sold at a 5.74% yield and a land price of $9470/m².

Bayleys took the property to tender closing on 27 October.

It was one of 2 sales & 2 leases in Bayleys North Shore’s latest transaction roundup.

TV & online marketing company Brand Developers Ltd occupies most of the building on a lease running until 2026, with a possible extension, but the buyer has the option of taking possession of the Brand Developers premises on 3 years’ notice.

North-east

Sales:

Silverdale

152 Foundry Rd, unit 4:
Features: 411m² industrial unit, 7 parking spaces
Outcome: sold in November for $1.3 million + gst
Agents: Adam Watton, Adam Curtis & Eddie Zhong

Takapuna

519-521 Lake Rd:
Features: 2587m² L-shaped site zoned metropolitan centre under unitary plan with height allowance of 72.5m (18 storeys), 4882m² 4-storey building, WINZ (Work & Income NZ) occupies 1589m² ground-floor, TV & online marketing company Brand Developers Ltd occupies the rest on 12-year lease to 2026 with one 6-year right of renewal, 74 parking spaces
Rent: $1,405,781/year net
Outcome: sold by tender in November for $24.5 million + gst at a 5.74% yield, $9470/m² land
Agents: Simon Aldridge, Michael Nees & David Huang

Leases:

Rosedale

27-29 William Pickering Drive, unit E2:
Features: 100m² office unit, 3 parking spaces
Rent: leased in November for $26,530/year net + gst, parking at $20/space/week, net excluding parking $23,230/year, premises rental $232.30/m²
Agents: Michael Nees, Simon Aldridge, David Huang & Alex Strever

Takapuna

Westside, 443 Lake Rd, first floor:
Features: 77.1m² office, 3 parking spaces
Rent: leased in November for $22,409/year net + gst
Agents: Jane Sims & Paul Prouse

Attribution: Agency release.

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Rosedale sales plus leases both sides of the bridge

Bayleys North Shore agents have recorded 2 Rosedale sales, and leases on both sides of the harbour bridge. The city leases were for a retail box in Queen’s Court and a shop in the refurbished Wong Doo building (pictured) at the foot of the Fiore apartments.

Leases on the Shore were from Milford to Silverdale,

Sales:

North-east

Rosedale

42 Constellation Drive, unit N:
Features: 120m² office, tenant 3A North Shore Ltd, 4 parking spaces
Rent: $30,000/year net + gst
Outcome: sold for $560,000 + gst at a 5.36% yield
Agents: Eddie Zhong & Owen Ding

2 William Pickering Drive, units A1 & B1:
Features: 420m² of office – unit A1 216m², unit B1 204m²
Outcome: sold for $1.42 million + gst
Agents: Dean Gilbert-Smith, Michael Nees, Alex Strever & Simon Aldridge

Leases:

CBD

Queen St

Queen’s Court, 368 Queen St, unit 44:
Features: 6m² retail
Rent: leased in October for $9096.54/year net + gst, premises rental $1516.09/m²
Agents: Steven Liu & Sarah Boles

Victoria Quarter

Fiore, 164-168 Hobson St, shop 3:
Features: 54m², one of 3 shops in the refurbished Wong Doo building at the corner of Cook St, incorporated into the Fiore apartment development
Rent: leased in September for $38,000/year net + gst, premises rental $703/m²
Agent: Terry Kim

North-east

Albany

28 Corinthian Drive, levels 2, 3 & 4:
Features: 1028m² office, 26 parking spaces
Rent: leased in September for $355,720/year net + gst, parking at $35/space/week, net excluding parking $308,400, premises rental $300/m²
Agents: Dean Gilbert-Smith, Eddie Zhong & Andre Siegert

Browns Bay

14 Clyde Rd:
Features: 764m² retail outlet – retail 590m², office 174m², 6 parking spaces
Rent: leased in October for $150,000 + gst, premises rental $196.34/m²

Agents: Anna Radkevich & Ranjan Unka

Milford

162 Kitchener Rd, suites 3 & 4:
Features: 144.34m² office, 2 parking spaces
Rent: leased in September for $42,631.59/year net +  gst, parking at $30/space/week; rent excluding parking $39,511.59/year net, premises rental $274/m²
Agents: Paul Prouse & Ryan Dannhauser

Rosedale

100 Rosedale Rd, unit A upper level:
Features: 110m² retail, 2 parking spaces
Rent: leased in October for $40,000/year net + gst
Agents: Steven Liu & Eddie Zhong

Silverdale

Part of 12 Curley Avenue:
Features: 1530m² industrial
Rent: leased in October for $42,500/year net + gst, premises rental $27.77/m²
Agent: Rosemary Wakeman

Part of 12 Curley Avenue:
Features: 1353m² industrial
Rent: leased in September for $36,056/year net + gst, premises rental $26.64/m²
Agent: Rosemary Wakeman

2200 East Coast Rd, unit F:
Features: 450m² bulk retail – showroom 405m², office 45m², 20 parking spaces
Rent: leased in August for $112,500/year net + gst, premises rental $250/m²
Agents: Colin Harper & Ranjan Unka

Wairau Valley

28 Hillside Rd, unit B:
Features: 189m² warehouse, 4 parking spaces
Rent: leased in October for $26,500/year net + gst at $140.21/m²
Agents: Colin Harper & Trevor Duffin

Attribution: Agency release.

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Corrected: Silverdale & Shore sales & leases

Published 10 October 2016, corrected 17 October 2016:
Bayleys agents on the North Shore have completed 2 sales in Silverdale & the Wairau Valley and 2 leases in Albany & Silverdale.

The size of the property in the Wairau Valley sale has been corrected, and the fact that the square metre rate refers to the building not the land has been added.

North-east

Sales:

Silverdale

152 Foundry Rd, unit 4:
Features: 411m² industrial unit, 7 parking spaces, occupied by Glue Guru
Outcome: sold in September for $1.05 million + gst, land & building $2615/m²
Agents: Adam Curtis & Adam Watton

Wairau Valley

Corrected: 18 Kaimahi Rd:
Features: 1037m² industrial property (originally given as 1105m²), building 706m² – office 332m², warehouse 374m², 14 parking spaces
Rent: $107,000/year net + gst at a 4.95% yield, $3059/m² of building
Outcome: sold in September for $2.16 million + gst
Agent: Ranjan Unka

Leases:

Albany

75 Corinthian Drive, unit C:
Features: 116.9m² office, 4 parking spaces
Rent: leased in September for $36,763/year net + gst, parking $25/space/week, lease net of parking $31,563/year, premises rental $272/m²
Agents: Ryan Dannhauser, Jane Sims, Tonia Robertson & Chris White

Silverdale

32 Forge Rd, part unit E:
Features: 250m² industrial space – warehouse 240m², half share of 20m² kitchen & toilet
Rent: leased in August for $32,000/year net + gst, premises rental $128/m²
Agents: James Kidd & Rosemary Wakeman

Attribution: Agency release.

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Hobsonville site sold, plus 6 leases

Bayleys agents on the North Shore have sold a Hobsonville industrial site and completed 6 lease transactions.

Sale:

North-west

Hobsonville

43 Westpoint Drive:
Features: 6280m² light industrial site
Outcome: sold in September for $3,045,800 + gst at $485/m²
Agents: Laurie Burt & Grant Miller

Leases:

North-east

Albany

59 Corinthian Drive, unit 3:
Features: 648m² industrial unit – warehouse 464m², retail 144m², other area 40m², 10 parking spaces
Rent: leased in September for $100,000/year net + gst, premises rental $154.32/m²
Agents: James Kidd & James Yu

Rosedale

10 Vega Place, unit G:
Features: 330m² unit – warehouse 190m², showroom 70m², office 70m², 6 parking spaces
Rent: leased in September for $53,000/year net + gst
Agents: Alex Strever

51 William Pickering Drive, unit 12:
Features: 60m² office
Rent: leased in September for $14,000/year net + gst
Agent: Paul Prouse

Silverdale

51A Foundry Rd:
Features: 627m² industrial unit
Rent: leased in August for $72,000/year net + gst
Agent: Rosemary Wakeman

Wairau Valley

44-48 Ellice Rd, unit B:
Features: 324m² industrial unit – warehouse 176m², showroom 61m², office 80m², other area 7m², 6 parking spaces
Rent: leased in September for $44,000/year net + gst
Agents: Terry Kim (Bayleys) & David Cannon (Barfoot & Thompson)

75 Ellice Rd, unit 8:
Features: 16m² office
Rent: leased in September for $9000/year net + gst, premises rental $562.50/m²
Agents: Paul Prouse

Attribution: Agency release.

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Porana Rd bulk retail unit sells at 6.45%

Bayleys agents on the Shore have sealed the sales of a Porana Rd bulk retail unit and a Rosedale retail unit, and have signed 9 leases, 2 with other agencies and one “offshore” in Mt Eden.

Sales:

North-east

Rosedale

96 Rosedale Rd, unit 4:
Features: vacant 75m² retail unit
Outcome: sold in September for $650,000 + gst
Agents: Eddie Zhong & Terry Kim

Wairau Valley

75 Porana Rd, unit C:
Features: 1884m² bulk retail building – retail 1070.32m², office 411.54m², warehouse 401.654m², 49 parking spaces
Rent: $317,300/year net + gst
Outcome: sold by tender in September for $4,917,300 + gst at a 6.45% yield, $610/m²
Agents: Tonia Robertson

Leases:

Isthmus west

Mt Eden

19 Edwin St, unit E:
Features: 416m² unit – office 252.4m², warehouse 163m²
Rent: leased in September for $110,000/year net + gst
Agents: Trevor Duffin & Jean-Paul Smit

North-east

Albany

100 Don McKinnon Drive, shop 17:
Features: 449.5m² bulk retail unit,
Rent: leased in September for $168,252, premises rental $374.30/m²
Agents: Eddie Zhong (Bayleys) & Alan McArdle (Match Realty)

Rosedale

61 Constellation Drive, building 1, part level 1:
Features: 100m² office
Rent: leased in September for $45,000/year net + gst
Agents: Chris White & Ryan Dannhauser

6 Henry Rose Place:
Features: 913m² building – office 213m², warehouse 700m²
Rent: leased in September for $190,000/year net + gst
Agents: Matt Mimmack (Bayleys) & Marty Van Barneveld (Harcourts)

8 Henry Rose Place, unit C8:
Features: 93.8m² industrial unit, 2 parking spaces
Rent: leased in September for $19,000/year net + gst
Agents: Laurie Burt, Trevor Duffin & James Kidd

96 Rosedale Rd, unit 7:
Features: 69m² retail unit, shared parking
Rent: leased in September for $35,000/year + gst
Agent: Eddie Zhong

3 Vega Place, unit 1:
Features: 260m² unit – office 77.4m², warehouse 92m², showroom 66m², other area 25m², 4 parking spaces
Rent: leased in September for $41,880/year net + gst, parking $15/space
Agents: Michael Nees, Simon Aldridge, Matt Mimmack & Kate Kirby

Silverdale

2200 East Coast Rd:
Features: 400m² bulk retail, 18 parking spaces – new building in King’s Plant Barn complex
Rent: leased in September for $100,000, premises rental $250/m²
Agent: Colin Harper

Wairau Valley

7-9 Marken Place, unit E(5):
Features: 258m² unit – office 86.1m², warehouse 171.7m², 5 parking spaces
Rent: leased in September for $36,600/year net + gst
Agents: Trevor Duffin & Colin Harper

Attribution: Agency release.

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5 sales & 6 leases on Shore & Silverdale

Barfoot & Thompson Commercial agents on the Shore have signed 4 sales in the Rosedale area of Albany and one at Silverdale, and 5 leases at Rosedale plus one in Browns Bay.

North-east

Sales

Rosedale

4 Antares Place, unit G1:
Features: 88.7m² office
Outcome: sold for $322,000
Agent: Brian Paulin

5 Ceres Court, unit 1H:
Features: 108m² office
Outcome: sold for $430,000
Agents: Max Andrews & Aaron Smith

59 Corinthian Drive, unit 2:
Features: 648m² industrial building – 463m² warehouse, 145m² office, 40m² canopy
Outcome: sold for $1.5 million
Agents: Chase Erceg & Simon Farland

14 Cowley Place:
Features: 1080m² site, 480m² industrial building – 365m² warehouse, 115m² office
Outgoings: rates $/year including gst; body corp levy $/year
Rent: $80,000/year
Outcome: sold for $1.712 million at a 4.6% yield
Agents: Chase Erceg & Yi Wei Lowndes

Silverdale

16 Wainui Rd, unit 10:
Features: 203m² retail unit, tenant ASB Bank Ltd
Outcome: sold for $2.078 million at a 4.5% yield
Agents: Gary Seekup & Bruce Jiao

Leases

Browns Bay

26-28 Anzac Rd, unit 7:
Features: 90m² retail unit
Rent: $45,630/year
Agents: Max Andrews & Aaron Smith

Rosedale

29 Apollo Drive, unit 203:
Features: 280.6m² office, 8 parking spaces
Rent: $76,000/year
Agent: David Goodhue

10 Canaveral Drive, unit 4:
Features: 467m² industrial unit
Rent: $68,000/year
Agents: Chase Erceg & Josh Warren

12A Parkhead Place:
Features: 732m² industrial building – warehouse 575m², office 157m², 14 parking spaces
Rent: $115,000/year
Agents: Chase Erceg & Josh Warren

42 Tawa Drive, building E, suite F:
Features: 89.4m² office
Rent: $23,700/year
Agents: Tim Bibby, Max Andrews & Aaron Smith

4A Te Kea Place:
Features: 166m² office
Rent: $32,000/year
Agents: Aaron Smith

Attribution: Agency release.

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10 sales & 7 leases for Shore agents

Barfoot & Thompson Commercial agents on the North Shore have clocked up 10 sales & 7 lease transactions.

Sales:

Isthmus west

Grey Lynn

252-258 Great North Rd:
Features: 1002m² development site zoned mixed use, 15m height limit increased to 16.5m under unitary plan
Rent: holding income of $74,160/year expiring next month
Outcome: sold last September for confidential sum, sold this time for $6 million
Agents: Bruce Jiao & Gary Seekup

North-east

Orewa

382-384 Hibiscus Coast Highway:
Features: 2024m², 2 adjacent properties, 8-unit going-concern motel, 3 separate residential tenancies motel & development site
Outcome: sold for $3.69 million
Agents: Gary Seekup & Bruce Jiao

Rosedale

6 Airborne Rd, unit 10:
Features: retail 60m², office 20m², warehouse 60m²
Outcome: sold for $620,000
Agents: Elaine Tutty & Aaron Smith

6 Airborne Rd, unit 18:
Features: 130m² warehouse
Outcome: sold for $620,000
Agents: Elaine Tutty & Aaron Smith

4N Antares Place:
Features: 102m² office
Outcome: sold for $410,000
Agent: Brian Paulin

5 Ceres Court, unit 2D:
Features: 107m² office suite
Outcome: sold for $410,000
Agent: Brian Paulin

241B Rosedale Rd:
Features: 50m² office, 50m² retail
Outcome: sold for $400,000
Agents: Aaron Smith & Max Andrews

Silverdale

16 Wainui Rd, unit 10:
Features: 203m² retail
Outcome: sold for $2.078 million
Agents: Gary Seekup & Bruce Jiao

Takapuna

16 & 18 Byron Avenue:
Features: 1100m² office
Outcome: sold for $7.3 million
Agent: Tim Bibby

Wairau Valley

82 Hillside Rd:
Features: 1214m² site, 475m² industrial building – warehouse 388m², office 87m²
Outcome: sold for $1.4 million
Agents: Josh Warren & Chris Brosnahan

Leases:

North-east

Rosedale

6 Airborne Rd, unit 10:
Features: 60m² warehouse, 20m² office, 60m² accommodation
Rent: leased for $26,500
Agent: Elaine Tutty

5D Apollo Drive:
Features: 78m² office
Rent: leased for $20,000/year
Agents: Max Andrews & Aaron Smith

39 Apollo Drive, unit 14:
Features: 143m² office
Rent: leased for $37,500/year
Agents: Max Andrews & Aaron Smith

101K Apollo Drive:
Features: 68m² office
Rent: leased for $15,000/year
Agents: Max Andrews & Aaron Smith

5 Dallan Place:
Features: 80m² warehouse, 20m² office
Rent: leased for $32,000/year
Agents: Elaine Tutty & Tim Bibby

331 Rosedale Rd, unit A:
Features: 208m² office,
Rent: leased for $71,568/year
Agent: Aaron Smith

Unsworth Heights

145 Unsworth Drive, unit 5:
Features: 123m² retail, 7 parking spaces
Rent: leased for $34,500
Agent: David Goodhue

Attribution: Agency release.

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2 sales & 8 leases signed by Shore agents

Bayleys agents on the North Shore have completed 2 sales of commercial units on Corinthian Drive, Albany, and signed 7 leases around Rosedale, Silverdale & the Wairau Valley, and one in Onehunga.

Sales:

North-east

Albany

59 Corinthian Drive, unit 3:
Features: 648m² unit – warehouse 464m², office 144m², other area 40m², 10 parking spaces
Outcome: sold vacant in May for $1.77 million at $2911/m² land & building
Agent: James Yu

75 Corinthian Drive, unit F:
Features: 76m² office unit, 2 parking spaces
Outcome: sold in August for $415,000 + gst at $5,439.06/m² land & building
Agents: Jane Sims, Tonia Robertson &, Chris White

Leases:

Isthmus east

Onehunga

226 Neilson St:
Features: 366m² warehouse, 11m stud – warehouse 216m², office 30m², other area 120m²
Rent: leased in August for $52,000/year net + gst, premises rental $142/m²
Agents: Terry Kim & James Valentine

North-east

Rosedale

7 Ascension Place, unit D:
Features: 273m² industrial unit, 6 parking spaces
Rent: leased in August for $40,000/year net + gst, premises rental $147/m²
Agent: James Kidd

35 Constellation Drive, unit E:
Features: 241m² warehouse unit – warehouse 135.6m², office 105.4m², 3 parking spaces
Rent: leased in August for $41,250/year net + gst, premises rental $171/m²
Agents: James Kidd & Alex Strever

11 Paul Matthews Rd, unit 2:
Features: 524m² industrial unit – warehouse 287m², office 228m², other area 9m², 11 parking spaces
Rent: leased in August for $84,000/year net + gst, premises rental $160/m²
Agents: Ashton Geissler, Matt Mimmack & James Kidd

331 Rosedale Rd, Building 7, suite B:
Features: 88m² office, 2 parking spaces
Rent: leased in August for $26,360/year net ($23,760 excluding parking), parking $20 & $30/space/week, premises rental $270/m²
Agent: Paul Prouse

51 William Pickering Drive, unit 9, ground floor:
Features: 60m² retail, parking space
Rent: leased in August for $22,000/year net + gst, premises rental $367/m²
Agent: Terry Kim

Silverdale

20 Manga Rd, unit A:
Features: 480m² industrial unit – warehouse 336.5m², office 142.7m², 9 parking spaces
Rent: leased in July for $54,000/year net + gst, premises rental $113.44/m²
Agent: Rosemary Wakeman

Wairau Valley

68 Hillside Rd, unit C:
Features: 344m² industrial unit – warehouse 266m², other area 78m², 5 parking spaces
Rent: leased in August for $35,000/year net + gst
Agents: Trevor Duffin & Colin Harper

Attribution: Agency release.

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