Archive | Glendene

2 sales out of 9 auctioned as views diverge on apartment & unit market direction

2 of the 6 cbd apartments and none of the 3 suburban units auctioned at Barfoot & Thompson yesterday sold under the hammer.

The wide margin between the top bids and subsequent pricing of unsold units indicates the divergence between vendor aspirations and the direction buyers think the market is moving in.

CBD

Albert St

Manhattan, 105 Albert St, unit 11A:
Features: 80m², 2 bedrooms
Outgoings: rates $1544/year including gst; body corp levy $8035/year
Outcome: sold for $525,000
Agent: Aaron Cook

CBD east

The Beach, 85 Beach Rd, unit 506:
Features: 49m², one bedroom, balcony
Outgoings: body corp levy $3667/year
Income assessment: $460/week fixed until September
Outcome: passed in at $350,000, back on market at $479,000
Agents: Bett Shao & Rico Zhao

Learning Quarter

Silo, 23 Emily Place, unit 4L:
Features: 2-bedroom loft, secure parking space
Outgoings: body corp levy $829/year
Outcome: passed in at $500,000, back on market at $699,000
Agents: Stephen & Leo Shin

Uptown

Urba, 5 Howe St, unit 603:
Features: 55m² including balcony, 2 bedrooms
Outcome: passed in at $450,000, back on market at $625,000
Agent: Stephen Chang

Victoria Quarter

Heritage Farmers, 35 Hobson St, unit 628:
Features: 32m² air-conditioned studio
Outgoings: body corp levy $1833/year
Outcome: sold for $255,000
Agent: Livia Li

Imperial Gardens, 135 Hobson St, unit 218:
Features: 2 bedrooms, storage locker, parking space
Outcome: auction postponed until 29 June
Agents: Wendy Feng & Jack Li

Isthmus east

Onehunga

97J Mays Rd:
Features: 2-bedroom unit, garage
Outcome: withdrawn from auction
Agents: Paula Boontueng & Young Kim

Isthmus west

Eden Terrace

Fleetwood, 19 Fleet St, unit C6:
Features: 95m², 2 bedrooms, separate dining & living spaces, deck, storage unit, covered parking space, post-remediation code compliance certificate issued April 2016
Outgoings: body corp levy $3982/year
Outcome: passed in at $650,000, back on market at $719,000
Agents: Zoran Farac & Stephen Shin

Mt Albert

51 Seaview Terrace:
Features: cross-lease, quarter share in 1195m², 60m² one-bedroom unit, deck, carport
Outcome: no bid
Agents: Samantha Chaudhry & Leo Perera

Sandringham

22 Coyle St, unit 3:
Features: 2-bedroom unit, garage
Outgoings: body corp levy $789/year
Outcome: passed in at $825,000
Agent: Helen Lam

North-west

Glendene

33 Butterworth Drive, unit 1:
Features: cross-lease, half share in 616m², 2-bedroom unit, study, garage
Outcome: no bid
Agent: Tristan Young

Attribution: Auctions.

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2 post-auction sales in Onehunga & Glendene

2 properties passed in at Bayleys 12 April Total Property commercial auction have since been sold. The agency’s next Total Property auction is next Wednesday, 17 May.

Isthmus east

Onehunga

4 Newsome St:
Features: 493m2 bare site zoned mixed use, height limit 21m
Outcome: no bid at auction, sold for $725,000 at $1470.60/m2
Agents: Tony Chaudhary & Janak Darji

North-west

Glendene

3 Bancroft St:
Features: 3584m2 site, partially refurbished 2500mstandalone industrial building, 6-year lease to a tenant in occupation for over 30 years
Rent: $225,000/year net + gst
Outcome: passed in at $2.775 million at the 12 April auction, sold for $2.8 million at an 8% yield
Agents: Dave Stanley & Stuart Bode

Attribution: Agency release.

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Edinburgh Castle among 3 Bayleys sales

The refurbished Edinburgh Castle, at the top of Symonds St and the start of Eden Terrace, has been sold after a tender opened in February. Bayleys agents have also sold a mixed-use (office, retail & residential) building round the corner at the start of Mt Eden Rd and a vacant Glendene warehouse.

Image shows: The Edinburgh Castle on the Newton Rd-Symonds St corner after a complete makeover, at the centre of a widening regeneration zone that spreads from city fringe Newton & Eden Terrace and heads west along both New North & Great North Rds.

Isthmus west

Eden Terrace

215 Symonds St:
Features: 571msite on corner of Newton Rd, 150-year-old recently refurbished Edinburgh Castle Hotel, 724m2 2-level building with new 10-year lease to food & beverage and residential accommodation business
Rent: $230,000/year net + gst
Outcome: sold for $3.9 million at a 5.9% yield
Agents: Alan Haydock & Damien Bullick

Mt Eden

15-19 Mt Eden Rd:
Features: 455m² site in Grammar zone, 452m² 2-level building with 2 ground-floor retail tenants & residential tenancy above, 7 onsite parking spaces to the rear
Rent: $181,220 /year net + gst
Outcome: sold for $3.3 million at a 5.49% yield
Agent: Phil Haydock

North-west

Glendene

4 Bancroft Crescent:
Features: 2187msite, 887mindustrial building – warehousing 800m2, office 87m2, 10 parking spaces
Outcome: sold with vacant possession for $1.55 million
Agents: Bill Lissington & James Hill

Attribution: Agency release.

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10 sell at Bayleys’ commercial auction

9 properties were sold under the hammer and one post-auction of the 17 in Bayleys’ commercial auction yesterday. Another 3 were sold prior.

[Today’s report is short on some detail.]

CBD

Learning Quarter

5 Eden Crescent, units A & B:
Features: 600m² strata title, renovated, licensed karaoke bar & restaurant
Rent: $161,000/year net + gst
Outcome: passed in at $2.5 million
Agents: Oscar Kuang & Nicolas Ching

Queen St

239 Queen St, unit 1A:
Features: new 12-year lease
Rent: $150,657/year net + gst
Outcome: withdrawn from auction
Agents: Quinn Ngo & James Chan

Isthmus east

Ellerslie

38 Eaglehurst Rd, unit 7:
Features: warehouse
Outcome: declared reserve of $600,000, sold for $800,000
Agents: Andrew Wallace & Cameron Melhuish

Epsom

206 Manukau Rd:
Features: 898m² corner section,
Rent: $67,340/year holding income
Outcome: passed in at $3.55 million
Agents: Owen Ding & James Chan

Mission Bay

2 Atkin Avenue, unit 1:
Features: 374m² site zoned mixed use (up to 18m) under unitary plan, 3-bedroom unit, garage
Outcome: sold for$1.955 million
Agents: Phil Haydock & Angela Yang

Onehunga

18 George Terrace:
Features: 342m² site zoned mixed use, warehouse, office, amenities
Outcome: sold for $1.072 million
Agents: James Valintine & William Gubb

4 Newsome St:
Features: 493m², permissible height 20m
Outcome: no bid
Agents: Tony Chaudhary & James Valintine

Panmure

100 Queens Rd:
Features: town centre zone under unitary plan
Rent: $121,000/year net + gst
Outcome: passed in at $1.6 million
Agents: Mark Pittaway

Isthmus west

Eden Terrace

12 Fleet St:
Features: 336m² site
Rent: $52,260/year
Outcome: sold prior at declared reserve of $1.25 million
Agents: James Were & Scott Kirk

Mt Roskill

439 Mt Albert Rd:
Features: corner site, 4-bedroom home, internal garage, 3 commercial tenancies on ground floor
Outcome: auction postponed
Agents: Phil Haydock & Angela Yang

Ponsonby

91 College Hill:
Features: 337m² site zoned mixed use, 275m² gross floor area, 5 secure parking spaces
Outcome: sold for $2,577,500
Agents: Nigel McNeill & Meredith Graham

Sandringham

513 Sandringham Rd:
Features: retail + refurbished 3-bedroom flat
Rent: $88,060/year
Outcome: sold for $1.75 million
Agents: Scott Kirk & Damien Bullick

North-east

Northcote

44 Akoranga Drive:
Features: 946m² corner site, mixed use zone next to AUT
Outcome: sold for $2.5 million
Agents: Michael Nees & Simon Aldridge

Takapuna

6 & 6A Blomfield Spa:
Outcome: withdrawn from auction
Agents: Simon Aldridge & David Huang

Wairau Valley

170 Wairau Rd, unit 18:
Features: Hell Pizza on long-term lease
Rent: $54,000/year net + gst + outgoings
Outcome: sold for $990,000
Agents: Paul Dixon & Tony Chaudhary

North-west

Glendene

3 Bancroft Crescent:
Features: 3584m² site, long-term tenant, 6-year lease term with renewal rights
Rent: $225,000/year net + gst
Outcome: passed in at $2.775 million
Agents: Dave Stanley & Stuart Bode

New Lynn

3019 Great North Rd & 2 Bentinck St:
Features: 1459m² corner site in 2 titles, vacant possession
Outcome: passed in at $1.625 million at $1114/m²
Agents: Mike Adams & Scott Kirk

South

Botany Downs

286 Cascades Rd:
Features: 7493m² site opposite Pakuranga golfcourse, 70m frontage to Cascades Rd
Outcome: sold for $6.1 million
Agents: Dave Stanley & Graeme Sun

Botany South

Bishopsgate business centre, 2 Bishop Dunn Place, unit 32:
Features: 134m² first-floor office, storage, 2 parking spaces
Outcome: sold for $465,000
Agents: Geoff Wyatt & Dave Stanley

Takanini

292 Great South Rd:
Features: 2209m² site, standalone office & warehouse building anchored by long-term office lease + 2 warehouse tenants
Rent: $152,592/year net + gst
Outcome: sold for $2.68 million
Agents: Sunil Bhana & Peter Migounoff

South of the Bombays

Gisborne

412 Gladstone Rd:
Features: 670m² store, seismic rating 100% new building standard, 6-year lease term
Rent: $122,569/year
Outcome: passed in at $1.5 million, sold post-auction for $1.52 million at an 8% yield
Agents: Paul Garland & Colin McNab

Attribution: Auction.

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8 of 28 apartments & cross-leases sell at Barfoots

8 apartments, townhouses & suburban cross-leased properties were sold out of 28 offered at Barfoot & Thompson’s auctions in its city office this week. The auction for another 2 Docks apartments was postponed.

All up, 16 of the 60 residential properties taken to auction were sold, and no bid was offered on 26.

The one commercial property auctioned, a West Auckland industrial unit taken to court-ordered auction by the body corporate, was sold under the hammer.

Commercial

North-west

Glen Eden

9 Westward Ho Rd, unit H + accessory unit 16 (parking):
Features: single-level industrial unit, parking space, taken to auction by body corporate
Outcome: sold at court-ordered auction for $195,000
Agents: Colin Stewart & Philip Davis

Apartments & suburban cross-leases

CBD

Federal St

Hampton Court, 182 Federal St, unit 5C:
Features: 47m², one-bedroom apartment
Outcome: no bid
Agents: Stephen Shin & Justin Choi

Learning Quarter

Tower Hill, 1 Emily Place, unit 2C:
Features: 78m², 2-bedroom apartment, 33m² courtyard, carport
Outcome: no bid
Agent: Alan Vessey

Quay Park

The Docks, 2 Dockside Lane, unit 203:
Features: leasehold, one-bedroom apartment, balcony, parking space
Outcome: auction postponed
Agent: Sudesh Kumar

The Docks, 8 Dockside Lane, unit 236:
Features: leasehold, one-bedroom apartment, parking space
Outcome: auction postponed
Agent: Sudesh Kumar

Victoria Quarter

Harvard, 147 Hobson St, unit GJ:
Features: 2-bedroom apartment, deck, secure parking space
Outcome: no bid
Agents: Simon Cai & Julie Tri

Wiltshire, 89 Victoria St West, unit 10B:
Features: 56m², one bedroom, balcony
Outgoings: body corp levy $2676/year
Outcome: passed in
Agent: Fiona Lee

Isthmus east

Mission Bay

16 Atkin Avenue, unit 6:
Features: cross-lease, 1/8 share in 1664m², 3-bedroom apartment, balcony, tandem garage
Outcome: sold for $1.75 million
Agent: Dennis Dunford

9 Marua Crescent, unit 11:
Features: cross-lease, 1/12 share in 1011m², one-bedroom apartment, deck, carport
Outcome: passed in
Agent: Lynette Boyd

Panmure

60 Jellicoe Rd, unit 3:
Features: cross-lease, 1/6 share in 1012m², one-bedroom unit, deck, backyard, carport
Outcome: sold for $420,000
Agent: Jessie Yang

Remuera

27B Dell Avenue:
Features: cross-lease, 1/3 share in 903m², 3 bedrooms, garage
Outcome: sold for $1.41 million
Agents: Kathy Bower & Julie Fitzpatrick

12 Kelvin Rd:
Features: cross-lease, half share in 1292m², 4 bedrooms, study, double garage
Outcome: no bid
Agent: Duncan Wu

40A Monteith Crescent, unit G:
Features: 3 bedrooms, conservatory, double garage
Outgoings: body corp levy $1741/year
Outcome: no bid
Agents: Angus Campbell & Michael Bacher

1 Shore Rd, unit 16:
Features: standalone house on 200m² freehold section, 4 bedrooms, carport
Outcome: sold for $1.265 million
Agent: Liz Derbyshire

St Heliers

28 Tarawera Terrace, unit 1:
Features: cross-lease, quarter share in 1586m², 4 bedrooms, internal-access garage
Outcome: sold for $1.87 million
Agents: Bob Gordon & Trevor Wyness

Isthmus west

Eden Terrace

Der Rohe, 10 Flower St, unit 104:
Features: 57m², 2-bedroom apartment, deck
Income assessment: $450/week current
Outcome: passed in, back on market at $500,000
Agents: Aaron Cook & Betty Shao

15 Rendall Place, unit 503:
Features: 2-bedroom apartment, balcony basement parking space, storage locker
Outgoings: body corp levy $3732/year
Outcome: passed in
Agent: Anna Stephens-Brown

Grey Lynn

6 Schofield St, unit 10:
Features: 3-bedroom terrace, deck, carport
Outgoings: body corp levy $4596/year
Outcome: sold for $800,000
Agent: Liz Derbyshire

Hillsborough

15 Currie Avenue, unit 1:
Features: cross-lease, half share in 766m², 2-bedroom unit, basement garage & storage
Outcome: sold for $687,000
Agent: Robin Cross

Mt Eden

40 Horoeka Rd, unit 2:
Features: cross-lease, 1/9 share in 931m², 2-bedroom unit, offstreet parking
Outcome: sold for $700,000
Agents: Verena Lobb & Lisa MacQueen

Mt Roskill

56A May Rd:
Features: cross-lease, half share in 826m², 3 bedrooms, double internal-access garage
Outcome: passed in at $900,000
Agent: Alex Yang

Sandringham

65 Burnley Terrace, unit 5:
Features: one-bedroom ground unit, carport, parking space
Outgoings: body corp levy $1819/year
Outcome: no bid
Agent: Julie Hey

297A Mt Albert Rd:
Features: cross-lease, half share in 843m², 4 bedrooms, deck, carport
Outcome: no bid
Agent: Steve Hood

16 St Lukes Rd:
Features: cross-lease, 1/3 share in 1358m², 4-bedroom villa
Outcome: no bid
Agents: Reeka Lelaulu & Sue Cohen

34 Watea Rd, unit 3:
Features: cross-lease, 1/8 share in 1227m², 2-bedroom unit, garage
Outcome: no bid
Agents: Jeff Stretton & Monica Bajaj

North-west

Glendene

4 Lydford Place, unit 2:
Features: cross-lease, half share in 675m², 3 bedrooms, deck, garage, workshop
Outcome: no bid
Agents: Julia Barnett & Ryan Littler

Glen Eden

9 Evans Rd, unit 12:
Features: 2-bedroom unit, deck, internal-access garage
Outgoings: body corp levy $595/year
Outcome: passed in
Agents: Julia Barnett & Ryan Littler

Henderson

38 Eyre St:
Features: cross-lease, half share in 1026m², 3 bedrooms, basement garage, double carport
Outcome: passed in
Agent: Roger Franklin

New Lynn

2 Kiritoa St:
Features: cross-lease, half share in 870m², 3 bedrooms, garage
Outcome: no bid
Agent: Jennifer Peary

116 Titirangi Rd, unit 1:
Features: cross-lease, 1/10 share in 4116m², 3-bedroom bungalow, carport
Outcome: no bid
Agents: Aken Yuan & Michelle Zhou

Swanson

637 Swanson Rd, unit 1:
Features: cross-lease, half share in 1012m², 2-bedroom bungalow, deck, offstreet parking
Outcome: no bid
Agents: Raj Mitra & Maggie Altaf

Attribution: Auctions.

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5 sell at Colliers retail & commercial auction

The first 5 properties auctioned at Colliers yesterday all sold under the hammer, but there was no bid on the sixth and the auction of the seventh was postponed.

3 of the properties were in local or neighbourhood centres, offering a range of shops (some vacant). The one pictured, on Glengarry Rd, Glen Eden in West Auckland, has 5 shops, but 4 of the basement storage units are vacant.

CBD

Queen St

175 Queen St, part level 2:
Features: 82m² strata unit, long-term tenant
Rent: $42,808/year gross
Outcome: auction postponed
Agents: Simon Felton, Adam White & Gareth Fraser

North-east

Hillcrest

51 Eban Avenue:
Features: 900m² site, new purpose-built childcare centre
Rent: $165,880/year net, new 12-year lease with personal guarantees, fixed 2% annual increases
Outcome: sold for $3.01 million at a 5.5% yield
Agents: Shoneet Chand & Peter Kermode

North-west

Glendene

4343 Great North Rd:
Features: 344m² lettable area in local centre, 2 tenancies, pharmacy as anchor
Rent: $87,880/year net + gst
Outcome: no bid
Agents: Deborah Dowling & Michael Bray

Glen Eden

94-106 Glengarry Rd (pictured):
Features: 1027m² neighbourhood centre site, 950m² lettable area on 2 levels, 5 shops, 4 basement storage units
Rent: $125,803/year net + gst, potential including 4 vacant storage sheds $174,451/year
Outcome: sold for $2.18 million
Agents: Michael Bray, Deborah Dowling & Gareth Fraser

South

Airport Oaks

14 Andrew Baxter Drive:
Features: 2023m² site, 1182m² net lettable area, occupied by NZ Bloom Ltd
Rent: $160,000/year net + gst from new 6-year lease
Outcome: sold for $3.135 million at a 5.1% yield
Agents: Paul Jarvie & Brad Johnston

Papatoetoe

21 East Tamaki Rd:
Features: 700m² site, 516m² lettable area on 2 levels 
Rent: $120,300/year + gst
Outcome: sold for $1.61 million at a 7.47% yield
Agents: Jeremy Barnett, Matthew Barnes & Gareth Fraser

138 Great South Rd:
Features: 848m² corner site 621m² lettable area
Rent: $53,462/year + gst current from 2 shops, one other vacant
Outcome: sold for $1.65 million
Agents: Jeremy Barnett, Matt Barnes & Gareth Fraser

Attribution: Auction.

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Glendene ex-motel passed in at Colliers auction

The Dalma Court Motor Inn at Glendene, closed 3 weeks ago, was passed in at Colliers International’s commercial auction on Wednesday. 2 West Auckland warehouse units were sold under the hammer, and a North Harbour unit containing showroom, storage & office space was passed in.

Isthmus west

Avondale

515 Rosebank Rd:
Features: 462m² building – 315m² warehouse, balance in office areas, 9 parking spaces
Rent: vacant
Outcome: sold for $951,000
Agents: Dhiru Patel & Chris Upright

North-east

North Harbour

16 Saturn Place, unit B6:
Features: 140m² net lettable area, warehouse & first-floor office
Rent: vacant
Outcome: passed in at $350,000
Agents: Mike Ryan, Jimmy O’Brien & Matt Prentice

North-west

Glendene

Dalma Court Motor Inn, 252 Great North Rd:
Features: 3562m² site, 31 semi-furnished residential units (24 studios, one one-bedroom unit, 5 2-bedroom units & a 4-bedroom house), 85% seismic rating, vacant possession; conference centre at rear has ben subdivided on to separate title
Outcome: passed in at $4 million
Agents: Michael Bray, Craig Smith & Deborah Dowling

New Lynn

3 Binsted Place, unit 1:
Features: 210m² site, 155m² warehouse, 16m² 2-level front office, 29m² upstairs office, 10m² amenities, 4 parking spaces
Outcome: sold for $454,000
Agents: Dhiru Patel & Michael Bray

Attribution: Auction.

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2 Birkenhead commercial properties sell, Glendene shop passed in

2 commercial properties in Birkenhead – one in a villa, the other a development site – were sold under the hammer at NAI Harcourts’ auction on Wednesday. A Glendene shop was passed in.

North-east

Birkenhead

134A Hinemoa St:
Features: 2 tenancies of 50m² each
Rent: $38,000/year + gst + outgoings from 2 tenancies
Outcome: sold for $1.001 million
Agents: Isaac Tankard

125-127 Mokoia Rd:
Features: 1942m² in 2 titles, about 300m² of building, commercial property in residential area on commercial fringe of Birkenhead, zoned business 1, neighbourhood centre in proposed unitary plan, ex-service station now mechanical repairs & tyre business
Outcome: sold with vacant possession for $2.81 million
Agents: Rob Meister & Andrew Bruce

North-west

Glendene

Glendene Shopping centre, 1/4343 Great North Rd:
Features: 353m² retail unit
Rent: vacant
Outcome: passed in at $900,000
Agents: Gautama Kaishik

Attribution: Auction.

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Section at $2480/m² attracts big audience at Barfoot auction

Barfoot & Thompson sold one commercial property, 8 apartments & suburban units (flats, apartments, townhouses) and 7 cross-leased properties at auction yesterday. Another apartment sale concluded on Tuesday was for an apartment in a pre-auction bidding process, and 2 more apartments on yesterday’s auction list were sold prior.

Including standalone houses, the agency’s auction list for the day had 69 properties on it.

I don’t write about house sales because they’re not a sector of the market primarily about investment, although at the moment they’re the biggest investment market for their capital gains.

But I’ve noticed a regular sprinkling of cross-leased properties on the market recently and, although they’re also primarily owner-occupied, they highlight a residential factor which has largely gone unnoticed in the debate over new planning & zoning: Auckland, through cross-leasing (much of it in the 1990s) is far more intensively developed than most people would suspect.

The sales listed below start with commercial, followed by cbd apartments & suburban units, followed by the cross-leases (and one property not cross-leased but sought after for its land).

That 774m² Orakei section (pictured above) drew a big audience as bidding climbed to $1.7 million, then wilted, then took off again. Another $220,000 was added before the hammer went down for a sale at $2480/m² of land.

Commercial

South

Pakuranga Heights

15 Rylock Place:
Features: standalone industrial property, 1030m² roadfront section, 344m² building, dual access, yard space
Rent: $29,600/year net
Outcome: sold for $690,000
Agent: David Sylvester

Apartments & suburban units

CBD

Queen St

Portland Towers, 62 Queen St, unit 7B:
Features: 26m², furnished one bedroom, balcony
Outgoings: rates $914/year including gst; body corp levy $6484/year
Outcome: sold for $300,000 at pre-auction on Tuesday, sold for $235,000 a month ago
Agents: Stephen & Leo Chin

Uptown

31 Day St, unit 1A:
Features: 43m² studio
Outgoings: body corp levy $3164/year
Outcome: no bid
Agents: Stephen & Leo Shin

Victoria Quarter

Marina Park, 146 Fanshawe St, unit 48:
Features: studio, building recently reclad,
Outgoings: rates $970/year including gst; body corp levy $2625/year
Income assessment: $340/week
Outcome: sold prior
Agents: Selina Zheng & Annie Xu

Harvard, 147 Hobson St, unit 4D:
Features: 2-bedroom apartment, parking space
Outgoings: body corp levy $13,837/year
Outcome: sold for $295,000
Agents: Wendy Feng & Jack Li

Zest, 72 Nelson St, unit 1018:
Features: 2-bedroom apartment, secure parking space
Outgoings: body corp levy $4447/year
Outcome: sold for $350,000
Agents: Selina Zheng & Annie Xu

Zest, 72 Nelson St, unit 1109:
Features: renovated 2-bedroom apartment
Outgoings: body corp levy $3260/year
Outcome: sold for $315,000
Agents: Wendy Feng & Jack Li

SugarTree, 27 Union St, unit 116:
Features: 2 bedrooms, marble flooring, deck, courtyard, parking space
Outgoings: body corp levy $4469/year
Outcome: sold for $780,000
Agents: Aaron Cook & Betty Shao

Kingsbridge, 72 Wellesley St, unit 1i:
Features: 97m², 2-bedroom apartment, balcony, parking space
Outgoings: body corp levy $5769/year
Outcome: passed in
Agents: Alex Wu

Isthmus east

Epsom

30 Kimberley Rd, unit 2:
Features: renovated one-bedroom unit, parking space
Outcome: sold for $505,000
Agent: Sam Qin

Parnell

28 Balfour Rd, unit 202:
Features: 3-bedroom apartment, 2 parking spaces
Outgoings: body corp levy $5215/year
Outcome: no bid
Agents: Cindy Yu & Bobby McMillan

Stonefields

4 Bluegrey Avenue, unit 203:
Features: one-bedroom apartment, balcony, parking space
Outcome: no bid
Agent: Thomas Weber

4 Bluegrey Avenue, unit 206:
Features: 2 bedrooms, parking space
Outgoings: body corp levy $2891/year
Outcome: sold for $591,000
Agents: Thomas & Helen Weber

4 Bluegrey Avenue, unit 207:
Features: 2-bedroom apartment, parking space
Outgoings: body corp levy $3598/year
Outcome: sold for $598,000
Agents: Thomas & Helen Weber

Isthmus west

Ponsonby

221B Ponsonby Rd:
Features: 126m² including balcony, 2-bedroom apartment, , 2 bathrooms, deck, 2 parking spaces
Outgoings: body corp levy $5545/year
Outcome: sold for $1.66 million
Agents: Carl Madsen

Cross-leased residential

Isthmus east

Glendowie

203 Riddell Rd, unit 3:
Features: cross-lease, quarter share in 1459m²
Outcome: sold for $678,000
Agent: Karin Cooper

Kohimarama
20 Hawera Rd, unit 1:
Features: cross-lease, half share in 812m², 2 bedrooms, double garage, 2 workshops
Outcome: sold for $915,500
Agent: Lynette Boyd

Orakei

96 Kurahaupo St:
Features: 774m² section, full site with cross-leasing in place, 2-bedroom bungalow
Outcome: sold for $1.92 million, after almost being passed in just short of $1.7 million
Agent: Nick Traviglia

St Heliers

52 Bay Rd, unit 2:
Features: cross-lease, quarter share in 1348m², 3 bedrooms, wraparound decking
Outcome: sold for $1.1 million
Agent: Teresa Weiss

Isthmus west

Mt Albert

36 Margaret Avenue, unit 3:
Features: cross-lease, one-11th share in 1545m², 2-bedroom unit, courtyard, parking
Outcome: passed in
Agents: Lucia Pereira & Colin Weatherall

Mt Eden

22 Kensington Avenue, unit 2:
Features: cross-lease, one-third share in 1012m², 2 bedrooms, garage
Outcome: passed in
Agents: Derek Helliwell & Cathy Giles

3 Raleigh St:
Features: 400m² section, double garage with loft studio
Outcome: passed in
Agents: Jo Peck

Ponsonby

207 Ponsonby Rd, unit 2:
Features: cross-lease, one-eighth of 1078m², one-20th of 81m² & one-12th of 50m², 124m² top-floor apartment, 3 bedrooms, carport
Outcome: sold for $1.05 million
Agents: David Dowse

Pt Chevalier

12 Wainui Avenue, unit 3:
Features: cross-lease, one-third share in 675m², 75m² 2-bedroom unit, parking space
Outcome: sold for $745,000
Agents: George Damiris & Bruce Murtagh

North-west

Glendene

3 Ian Place, unit 2:
Features: cross-lease, half share in 717m², 70m² unit, 2 bedrooms, separate laundry, double carport
Outcome: sold for $563,000
Agents: Jennifer Peary

Attribution: Auctions.

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3 sales by Colliers

Colliers International agents have reported 3 recent transactions.

North-west

Glendene

40 Bancroft Crescent:
Features: 4976m² site, 2 warehouses
Rent: $90,500/year + gst
Outcome: sold for $1.1 million
Agents: Chris Upright, Dhiru Patel & Andrew Hooper

South

Mangere Bridge

8 Kirkbride Rd:
Features: 1.69ha site, multipurpose residentially zoned commercial property containing several buildings with a total 3812m² of floorspace
Outcome: sold for $4 million
Agents: Paul Jarvie & Hamish West

South of the Bombays – Bay of Plenty

Mt Maunganui

27-29 Aerodrome Rd:
Features: 1552m² site, high-stud 800m²warehouse
Outcome: sold vacant to an owner-occupier for $1.05 million
Agents: Simon Clark & Rob Schoeser

Attribution: Agency releases.

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