Archive | Hobsonville

Catalina Bay development unveiled

Willis Bond & Co Ltd unveiled its ideas yesterday for Catalina Bay, formerly known as The Landing, at Hobsonville Point.

Through the frame of the old Sunderland hangar – stripped to remove asbestos – to the Catalina workshops where the farmers’ market is based and new offices will be created.

The project takes in the former Catalina flying boat workshops beside the ferry terminal where the Hobsonville farmers’ market has been based, the Sunderland flying boat hangar (which has been stripped down to its framing) and land beside the hangar where apartments will be built.

Willis Bond managing director Mark McGuinness said Catalina Bay would be a new gateway to the west from the water and would improve the prospect of increasing ferry frequency.

The workshops will be transformed for a variety of uses.

It will accommodate a variety of uses, including a micro-brewery, cafés & restaurants, restored character offices as well as the farmers market. Mr McGuinness said some of the office spaces would be idea for cosharing.

60-80 high quality freehold apartments are envisaged in the development beside the hangar, which Mr McGuinness expects will be marketed late this year.

The waterfront site was a key component of the former Hobsonville Royal NZ Air Force base, which served the Pacific in wartime with its flying boats, and was also an early site for TEAL (Tasman Empire Airways Ltd), forerunner of Air NZ.

Almost the whole air force base has been turned over to housing, managed by the Government-owned Hobsonville Land Co Ltd, with individual developers in charge of subdivisions within it.

Willis Bond has been developing the Sunderland precinct, comprising 120 new homes & 11 refurbished former Air Force homes from the 1930s.

The Hobsonville Land Co will be one of the first tenants to occupy the refurbished Catalina Bay office space, late this year.

Attribution: Presentation, company release.

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Avanda wins Airfields stage 2 development

Auckland Council company Panuku Development Auckland has confirmed Chinese-owned Avanda Ltd as the housing developer for stage 2 of the 20ha council-owned Airfields precinct at Hobsonville Point.

Avanda and its building partners will develop over 500 homes in stage 2, of which a minimum 10% will be affordable housing. Housing will be delivered within an agreed timeframe.

Panuku chief executive Roger MacDonald said Avanda was chosen after a competitive tender process, with strong interest from 6 potential developers.

“Avanda is a significant new entrant in the property development market and they showed commitment to developing all of stage 2, rather than just individual parcels that were offered to the market.”

Avanda project manager Winson Tan said the company would deliver a range of high quality housing options. The company has started detailed design to obtain the necessary resource consents for infrastructure works.

Avanda’s ultimate holding company is Guangzhou Jinxiu Dadi Property Co Ltd.

Building at Airfields stage 1 will start over the next few months. It will have 102 standalone & terrace homes.

Image above: Airfields stage 2 at Hobsonville Point, outlined in red.

Earlier story:
21 September 2015: Avanda launches first townhouses on Crown Lynn site

Attribution: Company 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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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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5 special housing areas approved

Commissioners have produced decisions approving 5 special housing areas at Ardmore, Clarks Beach, Drury South, Glenbrook, & Hobsonville Landing.

Auckland Council issued notices today making the applications under the housing accord with the Government operative.

The 5 areas:

  • Ardmore, plan variation 17, 170, 180 & 190 Walters Rd & 587 Mill Rd, 19.6ha rezoned from future urban to mixed housing suburban, to create 295 lots including 30 affordable housing sites
  • Clarks Beach, 137 Clarks Beach Rd, plan variation 19, 50.7ha rezoned from future urban to mixed housing suburban, 32 vacant lots, 2 residential superlots
  • Drury South, plan variation 16, 49 Harrison Rd & McEldownie Rd, 101ha rezoned from light industry to terrace housing & apartment buildings, mixed housing urban & mixed housing suburban, 50 residential lots
  • Glenbrook, plan variation 14, 35 & 127 McLarin Rd, 69ha rezoned from rural coastal to single house & local centre, to create 231 lots for residential, reserve & roading, neighbourhood park & coastal café
  • Hobsonville Landing, plan variation 12, 2ha to mixed-use zone, 6 new dwellings

Link: Auckland Council, special housing areas

Attribution: Council notices.

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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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Quest Ponsonby & Empire units sell

A Quest Ponsonby suite and a student accommodation unit in the Empire on Whitaker Place were sold at Bayleys’ auction on Wednesday. A house at West Harbour, containing a vet clinic & separate 3-bedroom home, was passed in.

CBD

Learning Quarter

Empire, 23 Whitaker Place, unit 1617:
Features: 3 bedrooms, fully managed student accommodation, lease to Theta Management Ltd (John Chen) just extended to April 2026
Outgoings: rates $1240/year including gst; body corp levy $5182/year
Outcome: sold for $136,000
Agent: Andrew Bond

Isthmus west

Ponsonby

Quest Ponsonby, 70 Ponsonby Rd, unit 101 (door 110):
Features: one bedroom, parking space
Income assessment: last rent was $20,420/year + gst fixed until 1 October 2015
Outcome: sold for $188,000
Agents: Dave Hamlyn & Marcus Fava

Commercial

North-west

West Harbour

77 Hobsonville Rd:
Features: 809m² site, dual income – commercial lease to veterinary clinic + 3-bedroom home
Income assessment: $53,218/year + gst from commercial lease, 6 years from April 2015 + 2 6-year rights of renewal; residential return not given
Outcome: passed in after vendor bids up to $1.3 million
Agents: Terry & Janet Jones

Attribution: Auction.

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Apartment, business unit & showhome all sell at auction

A city apartment, an office & warehouse unit in the Interplex business park on the North Shore and a 4-year-old showhome at Hobsonville Point were sold at Bayleys’ auction on Wednesday.

Apartment

CBD

Queen St

The Guardian, 105 Queen St, unit 202 (pictured):
Features: 57m² including mezzanine, 2-bedroom loft apartment,
Outgoings: rates $1498/year including gst; body corp levy $3599/year
Outcome: sold for $530,000
Agents: David Anderson & Diane Jackson

Commercial

North-east

Rosedale

Interplex business park, 14-22 Triton Drive, unit E2:
Features: 112m², office & warehouse, 3 parking spaces
Outgoings: body corp levy $2512/year
Rent: $29,700/year net + gst, 3-year lease from 5 August
Outcome: sold for $480,000 + gst
Agents: Matt Mimmack & Alex Strever

Residential

North-west

Hobsonville Point

15 Station St:
Features: Jalcon’s 237m² 2012 showhome on 318m² section, 4 bedrooms, courtyard
Outcome: sold for $1.26 million
Agents: Terry & Janet Jones

Attribution: Auction.

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6 sales & 2 leases for Bayleys’ Shore agents

Agents from Bayleys’ North Shore office have completed sales this month at Grey Lynn, Hobsonville, Rosedale & Silverdale, and leases at Birkenhead & Rosedale.

Sales:

Isthmus west

Grey Lynn

8 Newton Rd (pictured):
Features: 304m² mixed-use site, 318m² total floor area, New York loft-style apartment upstairs, commercial possibilities downstairs, seismic rating 70% new building standard 4 parking spaces
Outcome: passed in at $1.4 million at auction on 2 March, sold in May for $1.705 million + gst at $5680/m² land & building
Agents: Tonia Robertson & Chris White

North-east

Rosedale

4 Orbit Drive, units I1, I2 & I5:
Features: 850m² office unit
Rent: $260,963/year net
Outcome: sold in May for $3.645 million + gst at 7.1% yield, $4288/m² land & building
Agent: Matt Mimmack

96 Rosedale Rd, unit 9:
Features: 200m² retail unit – 158m² retail area, 42m² deck, shared parking
Outcome: sold in May for $1.35 million + gst at $6750/m² land & building
Agents: Eddie Zhong, Damian Stephen & Michael Block

96 Rosedale Rd, unit 17:
Features: 82m² retail unit, shared parking
Outcome: sold for $650,000 + gst at $7927/m² land & building
Agents: Terry Kim & Eddie Zhong

Silverdale

44 Silverdale St, unit 4:
Features: vacant 77m² retail unit, shared parking
Outcome: sold in May for $425,000 + gst at $5519/m² land & building
Agents: Adam Curtis & Adam Watton

North-west

Hobsonville

102 Hobsonville Rd, lot 5, unit 6:
Features: 510m² industrial unit – warehouse 380m², office 130m²
Outcome: sold in May for $1.365 million + gst at $2676/m² land & building
Agent: Matt Mimmack

Leases:

North-east

Birkenhead

9-11 Birkenhead Avenue:
Features: 65m² office
Rent: leased in May for $17,000/year net + gst, $261.54$/m² land & building
Agents: Chris White & Tonia Robertson

Rosedale

15 Piermark Drive, unit I:
Features: 172m² industrial unit, 8 parking spaces
Rent: $35,000/year net + gst, premises rental $203/m²
Agent: Ashton Geissler

Attribution: Agency release.

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Hobsonville precinct signing overcomes treaty breach and takes hapu into new development role

The signing of a memorandum of understanding at Hobsonville Point yesterday was all pretty ra-ra until Anita Mazzolini mentioned that, within 2 years of signing the Tamaki Makaurau claims settlement, the Government tried to breach that agreement.

The settlement gave the Tamaki collective – Nga Mana Whenua o Tamaki Makaurau – the right of first refusal over Government land to be sold within the next 170 years in an area roughly covering the Auckland region.

When the Government decided last year to dispose of parcels of Government-owned land to provide for housing, it initially bypassed that settlement condition and, at yesterday’s signing ceremony onsite at Hobsonville, Building & Housing Minister Nick Smith said they were different matters.

In a release on the signing, Dr Smith said: “This memorandum of understanding is just a first step in the Crown’s land development programme in the north-west of Auckland where Ngati Whatua o Kaipara has a right of first refusal. It is important to recognise that this legal right is quite different to the housing protocol & Mahi Ngatahi agreement with the 13 iwi over other parts of Auckland.

“There is no sense in having surplus Crown Land sitting vacant when Auckland has major housing issues derived from a shortage of land. It is a complex process freeing up this land for much needed housing, but we are progressing work in a pragmatic way to get homes built as quickly as practically possible.”

Mrs Mazzolini, who chairs Nga Maunga Whakahii o Kaipara Investment Ltd, said the memorandum meant the treaty settlement was now being honoured in a joint venture between equals – the Kaipara hapu and the Government through the Ministry of Business, Innovation & Employment’s Crown land development programme and the Hobsonville Land Co Ltd as a Government-owned developer of new housing.

The memorandum of understanding signing: Building & Housing Minister Nick Smith & Prime Minister John Key at rear and, seated left to right, Crown land programme director Roger Coulson, Haahi Walker (Kaipara trust) & Adrienne Young-Cooper (Hobsonville Land Co chair).

The memorandum of understanding signing: Building & Housing Minister Nick Smith & Prime Minister John Key at rear and, seated left to right, Crown land programme director Roger Coulson, Haahi Walker (Kaipara trust) & Adrienne Young-Cooper (Hobsonville Land Co chair).

The first land going to the hapu is the Village precinct at Hobsonville Point, which has been renamed Te Uru (the west wind).

Mrs Mazzolini said it was the director of the ministry’s programme to make use of idle Crown land, Roger Coulson, who came up with the idea of the memorandum as a win-win solution, taking the hapu into its first venture in property development through purchase of the Te Uru 9ha.

“Making money out of this is very important to us, but only as a means to an end. Even the ‘affordable’ houses at Te Uru will be way beyond the means of the hapu today,” she said

Te Uru ends separation of the 2 Hobsonvilles

Hobsonville Village, given a lift with a new supermarket & small business centre, is right next to the Kaipara site at Hobsonville Point.

Hobsonville Village, given a lift with a new supermarket & small business centre, is right next to the Kaipara site at Hobsonville Point.

Te Uru adjoins the old Hobsonville village, which has also been given a new lease of life following Progressive Enterprises Ltd’s development of a Countdown supermarket and an integrated hospitality & commercial centre, now almost fully leased.

The Te Uru land will have about 400 houses built on it, replacing a number of old Air Force houses on part of the site.

The Hobsonville Land Co will manage the Te Uru development, and the memorandum will also enable Nga Maunga Whakahii o Kaipara to draw on the company’s expertise to identify additional potential development sites and assess development possibilities beyond Hobsonville Point.

The Te Uru subdivision is to proceed next summer, for completion of the first homes in early 2018. Dr Smith said the development had “a strong affordability element, with 80% having to meet specific price points.15% are required to be below $450,000, 7.5% below $500,000 and 7.5% below $550,000. These 30% affordable homes under the Axis series programme will be sold to owner-occupiers and at least 50% of these will go to first-homebuyers. The remaining 50% will be sold below Auckland’s median house price.”

This agreement just a start

“We are also exploring a development agreement involving Ngati Whatua o Kaipara, the Hobsonville Land Co & MBIE on 18ha of NZ Transport Agency-owned land in Brigham Creek Rd. MBIE has reached a preliminary agreement with NZTA on purchasing this land for the Crown land programme and it is currently being subjected to due diligence. Other sites in north-west Auckland are also being explored.”

Mr Coulson said the agreement with the Kaipara hapu was “far-sighted & broad” and would enable high quality development, “in keeping with Nga Maunga Whakahii o Kaipara’s desires & values, that will also be of considerable value to the future housing & community needs of Tamaki Makaurau.”

Hulse, Smith & Key on housing crisis & solutions

Yesterday’s signing was also an opportunity for politicians to present views on Auckland’s housing crisis, as deputy mayor Penny Hulse did, followed by Prime Minister John Key.

Cllr Hulse said the memorandum of understanding, and the accord between the Government & Auckland Council creating special housing areas, weren’t just about policies & strategies, but were about getting people into housing.

She congratulated Dr Smith for making “a wonderful transformation to housing – this is about making smart things happen…. Despite all the criticism, the special housing areas are going great guns and I think we’re on track to make that 39,000 target [of consents for both houses & sections over the 3 years of the accord, which ends in September].”

Cllr Hulse went on to say that, with a 10:1 ratio of house prices to household incomes, “We’re in a housing crisis”. While she was starting hear some encouraging words on solutions, she said the main requirement was to reduce speculation, and to do that capacity had to be built.

“Is the council doing everything it could? No, we’re not. We need to get on with the unitary plan and zone land for development.”

Dr Smith said the memorandum was a “commonsense, pragmatic response” to Ngati Whatua’s needs: “It’s easy to give speeches and tell people to build houses… but building houses that are affordable is a big challenge.”

He said the Government was looking forward to extending the Hobsonville Point development model and linking it with the Crown land programme.

While everybody was “still looking out for the magic bullet”, Dr Smith said the housing solution would come in many pieces. He expected to make an announcement shortly on one of those, the urban development strategy. Another strand was the rise in the build rate, up from a low point of 4000 houses to 9500/year, but facing a labour capacity issue to reach 13,000/year.

Mr Key said Hobsonville Point was proof that housing at scale & in a range of prices, including affordable housing, could be built close to central Auckland. The prime minister then ventured a combined potted history & economic outlook for his audience: “Auckland has pressure on its house prices because it’s doing well. That’s true right around the world, it’s not solely unique to Auckland, and if everybody was leaving and house prices were going down, everybody would be asking, ‘What’s the Government doing about it?’”

Mr Key said before houses were built, planning was required and core infrastructure had to be put in, “but there are factors that just do change. In 2008, when I first became prime minister, nobody wanted to buy a house in Auckland.” He said the Government was considering introducing new tax measures, “but long-term supply is the answer”.

That supply could come in different forms from those preferred even a couple of years ago. Mr Key noted a change in attitude in his electorate, the rural & partly urban Helensville, where people were now saying they could live with a bit of intensification.

“And that’s where the infrastructure comes into it. Pretty soon people will be able to come through Upper Harbour Highway & straight to the airport, but you need more money, you can’t just magic it up, and anybody who tells you it is [possible to just find the money] isn’t telling the truth.”

Closing, Mr Key said Hobsonville was “just a really nice place to live. We shouldn’t have doom & gloom, we should continue to work on solutions for people, including everything we’re doing getting on top of government finances.

“The alternative would be a ghost town, [but buying a house] is actually more affordable than it was 8 years ago – the prices are higher but the interest rate is lower.”

Attribution: Signing event, releases.

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