Archive | Kumeu

2 new Apollo Drive units among January sales

Bayleys North Shore agents have sold 2 units in a new Apollo Drive development and 3 other properties, and concluded 3 lease agreements.

Sales:

North-east

Orewa

21 Tamariki Avenue:
Features: 559m² site, 316m² office building, 11 parking spaces, first floor occupied by BDS Hughes Chartered Accountants, ground floor vacant; town centre zoning
Rent: first-floor income $27,010/year net
Outcome: sold in January for $1.425 million + gst
Agents: Rosemary Wakeman & Mustan Bagasra

Rosedale

56 Apollo Drive, unit 9:
Features: new 108m² restaurant/café in Kea Property Ltd development – retail area 78m², covered courtyard 30m², shared parking
Outcome: sold in January for $740,000 + gst, at $8303/m² retail area, $3076/m² courtyard
Agents: Terry Kim, Adam Curtis, Damian Stephen, Michael Block & Eddie Zhong

56 Apollo Drive, unit 3A(4):
Features: 69m² retail unit, shared parking
Outcome: sold in January for $561,000 + gst, at $8250/m²
Agents: Terry Kim, Adam Curtis, Damian Stephen, Michael Block & Eddie Zhong

239 Rosedale Rd, unit R:
Features: 135m² retail unit, 4 parking spaces
Outcome: sold for $443,000 + gst at $3281.48/m² (parking free)
Agents: Anna Radkevich (Bayleys) & Alan Woodford (Ray White)

Wairau Valley

170 Wairau Rd, unit 21:
Features: 107m² retail unit, tenant Swim Mart
Rent: $49,500
Outcome: sold in January for $875,000 + gst at a 5.7% yield, $8178/m²
Agents: Adam Watton & Adam Curtis

Leases:

North-east

Rosedale

Part of 93 Apollo Drive:
Features: 900m² – warehouse 875m², office 25m², no parking
Rent: leased in January for $130,000/year net + gst at $145/m²
Agents: Matt Mimmack (Bayleys) & Matt Prentice (Colliers)

Wairau Valley

77 Porana Rd, unit 11:
Features: 223m² unit – office 40m², warehouse 131m², other area 31m², 3 parking spaces
Rent: leased in January for $34,000/year net + gst
Agents: Paul Prouse & Trevor Duffin

North-west

Kumeu

7 Shamrock Place:
Features: 512.8m² unit – office 153,9m², warehouse 358.9m², 8 parking spaces
Rent: leased in January for $60,000/year net + gst at $156.66m² office, $100/m² warehouse (parking free)
Agent: Rosemary Wakeman

Attribution: Agency release.

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13 sales around North Island

13 sales & 2 leases around the North Island have been reported by Colliers.

Sales

Isthmus east

Newmarket

7 Edgerley Ave:
Features: 716m² site, 464m² commercial building
Outcome: sold for $3.45 million, representing $4818/m² land & building
Agents: Jonathan Lynch & Simon Child

Otahuhu

132 Portage Rd:
Features: 4960m² site, 2324m² office & warehouse
Outcome: sold for $4.5 million at a 6.5% yield
Agents: Hamish West, Ben Herlihy, Andrew Hooper & Matt Prentice

Penrose

60 Hugo Johnston Drive:
Features: 4175m² industrial property, 1117m² 2-level office building & 1087m² standalone warehouse
Outcome: sold for $5.45 million at a 6.72% yield
Agents: Paul Jarvie, Brad Johnston & Greg Goldfinch

Isthmus west

Mt Eden

108 Mt Eden Rd:
Features: 1070m² site, 700m² 2-level office building
Outcome: sold for $4.55 million, representing $4252/m² land & building
Agent: Jonathan Lynch

North-east

Rosedale

63 Apollo Drive, unit B1:
Features: 444m² commercial uni,
Outcome: sold vacant for $1.85 million
Agents: Nick Recordon & Janet Marshall

North-west

Kumeu

202-220 Main Rd:
Features: 4153m² site, 1740m² office & warehouse
Outcome: sold for $2.2 million, representing $530/m² land & building
Agents: Jonathan Lynch & Craig Smith

South

East Tamaki

27 Zelanian Drive:
Features: 5863m² vacant office & warehouse
Outcome: sold for $8.475 million
Agents: Andrew Hooper, Greg Goldfinch, Paul Higgins & Brad Johnston

South of the Bombays

Bay of Plenty

Mt Maunganui

24 Pacific Avenue:
Features: 675m² site, 440m² retail building,
Outcome: sold for $3.075 million at a 4.3% yield
Agents: Simon Clark, Rob Schoeser & Hadley Brown

Rotorua

422-430 Ngongotaha Rd:
Features: 2.66ha industrial development site, 1056m² warehouse,
Outcome: sold vacant for $2.4 million
Agent: Mark Rendell

Manawatu

Palmerston North

360 Albert St:
Features: 382m² site, 220m² retail building,
Outcome: sold for $800,000 at a 5.5% yield
Agents: Phil Nevill, Grant Lloyd & Doug Russell

314-322 Rangitikei St:
Features: vacant 1616m² property,
Outcome: sold for $1 million
Agents: Grant Lloyd, Phil Nevill & Doug Russell

Waikato

Hamilton

69 Vickery St, unit 9:
Features: 681m² industrial/retail unit,
Outcome: sold for $1.416 million at a 5.68% yield
Agent: John Hagar

Wellington

Lower Hutt

71 Port Rd:
Features: 4049m² site, 2411m² office & warehouse
Outcome: sold for $2.83 million
Agents: Tim Julian & Kieran Lennon

Leases

Isthmus east

Mt Wellington

103 Carbine Rd:
Features: 1664m² commercial premises leased to ECL Group Fuel Systems Ltd for a 6-year term on behalf of Windward Properties Ltd
Agents: Hamish West, Paul Higgins & Andrew Hooper

South of the Bombays – Wellington

Lower Hutt

109 Port Rd:
Features: 4852m² commercial premises leased to Linfox Logistics NZ Ltd for a 6-year term on behalf of Seaview Commercial Investments Ltd
Agent: Kieran Lennon

Attribution: Agency release.

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8 sales & 27 leases for Barfoots Shore office

Barfoot & Thompson North Shore Commercial agents recorded 8 sales and brought in 27 unconditional leases for 8393m² floor area for a total of $1.5 million in June.

Sales:

North-east

Rosedale

6 Airborne Rd, unit 18:
Features: 130m² studio warehouse
Outcome: sold for $620,000
Agent: Elaine Tutty

4 Antares Place, unit E:
Features: about 86m² office
Outcome: sold vacant for $325,000
Agent: Brian Paulin

7 Douglas Alexander Parade, unit A:
Features: 260m² office
Outcome: sold for $830,000
Agents: Aaron Smith & Gary Seekup

6 Tarndale Grove:
Features: 1396m² site, 704m² standalone office building, 22 parking spaces, mainly owner occupied, can be split into multiple tenancies
Outcome: sold for $2.3 million
Agent: Ferdi Doktorglu

1 William Pickering Drive, unit 9:
Features: 158m² office
Outcome: sold vacant for $538,000
Agent: David Goodhue

Torbay

967 Beach Rd:
Features: 410m² retail, 4 shops
Outcome: sold for $2.06 million
Agents: Gary Seekup & Bruce Jiao

Wairau Valley

79B Ellice Rd:
Features: industrial building – warehouse 430m², office 586m²
Outcome: tenanted investment sold for $1.988 million
Agent: Josh Warren

North-west

Helensville

83 Mill Rd:
Features: vacant 6162m² site
Outcome: sold for $625,000
Agents: Josh Warren & Chris Peterson

Leases:

North-east

Albany

239 Bush Rd:
Features: 2020m² Industrial building – warehouse 1756m², office 264m²
Rent: $240,000/year
Agents: Chase Erceg & Simon Farland

331 Rosedale Rd, unit A:
Features: 208m² office, 6 parking spaces
Rent: $71,568/year
Agent: Aaron Smith

Rosedale

6 Airborne Rd, unit 20:
Features: 130m² studio warehouse
Rent: $24,000/year
Agent: Elaine Tutty

14 Airborne Rd, unit 16:
Features: 130m² industrial building, 2 parking spaces
Rent: $26,500/year
Agent: Elaine Tutty

18 Airborne Rd, unit 14:
Features: 147m² work & live, 3 parking spaces
Rent: $28,810/year
Agents: Max Andrews & Aaron Smith

5D Apollo Drive:
Features: 78m² office, 2 parking spaces
Rent: $20,000/year
Agents: Max Andrews & Aaron Smith

9 Apollo Drive, unit E:
Features: 120m² office, 4 parking spaces
Rent: $25,800/year
Agents: Aaron Smith & Max Andrews

30 Apollo Drive, unit 14:
Features: 143m² office, 4 parking spaces
Rent: $37,500/year
Agent: Aaron Smith

8B Cebel Place:
Features: 1263m² industrial building – warehouse 912m², office 351m²
Rent: $175,000/year
Agents: Chase Erceg & David Cannon

1 Tarndale Grove:
Features: 153m² office, 4 parking spaces
Rent: $35,000/year
Agents: Aaron Smith, Max Andrews & James Marshall

19E Triton Drive:
Features: 725m² industrial building – warehouse 425m², office 300m²
Rent: $105,000/year
Agents: Josh Warren, Simon Farland & Chase Erceg

27-29 William Pickering Drive, unit B1:
Features: 156m² office, 4 parking spaces
Rent: $39,000/year
Agents: Max Andrews & Aaron Smith

41A William Pickering Drive:
Features: 1903m² industrial building – warehouse 1670m², office 233m², 36 parking spaces
Rent: $244,280/year
Agents: Simon Farland & Chase Erceg

Takapuna

159 Hurstmere Rd, shop D:
Features: 141.28m² retail, 5 parking spaces
Rent: $73,044/year
Agents: Tim Bibby & Nick Brown

424 Lake Rd:
Features: 44m² retail, 2 parking spaces
Rent: $19,500/year
Agent: Nick Brown

495 Lake Rd:
Features: 130m² office
Rent: $38,460.46/year
Agents: Nick Brown & Tim Bibby

1-7 The Strand:
Features: 279.17m² retail, 2 parking spaces
Rent: $116,868/year
Agent: Nick Brown

Wairau Valley

21A Porana Rd:
Features: 1842.8m² industrial building – warehouse 1244.8m², office 598m², 27 parking spaces
Rent: $264,493.72/year
Agent: Simon Farland

North-west

Kumeu

10B Shamrock Drive:
Features: 210m² industrial building – 90m² showroom, 92m² warehouse, 28m² storage, 4 parking spaces
Rent: $22,608/year
Agents: Josh Warren & Chase Erceg

Attribution: Agency release.

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Kumeu building sells at auction

Colliers sold a Kumeu building on a 6.9% yield at auction today.

North-west

Kumeu:

11A Weza Lane:
Features: 559m² industrial building, multiple established tenants including Fletcher Building Ltd subsidiary Mico NZ Ltd
Rent: $86,750/year net
Outcome: sold for $1.255 million at a 6.9% yield
Agents: Sean Finnegan & Greg Goldfinch

Attribution: Auction documents.

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Forte & Galleries apartments sell, beach sites passed in

2 city apartments in Forte & the Galleries (pictured) were sold under the hammer at Bayleys’ auction today, along with a Kumeu lifestyle block and a Wiri warehouse.

A Mt Eden factory turned apartment and 2 beach settlement properties – a Waihi Beach site with consent for 8 apartments and 14.5ha near Hot Water Beach – were passed in.

CBD

Learning Quarter

Forte, 37 Symonds St, unit 202:
Features: 2 bedrooms, east-facing corner unit, deck
Outgoings: rates $1249/year including gst; body corp levy $3473/year
Outcome: sold for $405,000
Agents: Dave Hamlyn & Marcus Fava

Victoria Quarter

The Galleries, 23 Graham St, unit 16:
Features: 147m², 3 bedrooms, 2 bathrooms, study nook, balcony, 2 side-by-side parking spaces
Outgoings: rates $2717/year including gst; body corp levy $9974/year
Outcome: sold for $1.32 million
Agent: Amy Hain

Isthmus west

Mt Eden

2A Carmen Avenue:
Features: ex-sandal factory turned apartment, 4 bedrooms, 3 bathrooms, nursery, study nook, deck, property offered ‘as is’
Outcome: passed in at $1.45 million
Agents: Stewart Morgan & Paul Sissons

North-west

Kumeu

171 Awa Rd:
Features: 4.057ha lifestyle property, 5-bedroom house + minor dwelling
Outcome: sold for $1.6 million
Agent: Bridget Dickson

South

Wiri

5 Mana Place:
Features: 2024m² site, 1251m² building – warehouse 1000m², office 194m², mezzanine 64m², 4 rights of lease renewal through to 2025
Rent: $90,000/year net + gst + opex
Outcome: sold for $1.88 million
Agents: James Hill & Sunil Bhana

South of the Bombays

Bay of Plenty

Waihi Beach, 9 Beach Rd:
Features: 822m² residentially zoned lifestyle section, used as a private holiday park, consented for 8 upmarket apartments, opposite north end beachfront reserve
Outcome: no bid
Agents: Brendon & Lynn Bradley

Coromandel

Hot Water Beach, 1 Orua Lane:
Features: 14.5ha + 3-bedroom house, garage, carport, hay barn
Outcome: passed in at $740,000
Agents: Belinda Sammons & Glenn Tanner

The 14.5ha site at Hot Water Beach.

The 14.5ha site at Hot Water Beach.

Attribution: Auction.

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2 units & 4ha of future urban sell at Bayleys

A Westminster Court apartment and a Ponsonby townhouse (pictured) sold under the hammer at Bayleys’ auction today, but 3 units in the newly converted Hopetoun Residences down from Karangahape Rd went unsold.

The largest of those Hopetoun units was passed in after bidding reached $1.3 million, one of the others didn’t receive a bid and the third had already been withdrawn from the auction.

In contrast, there was strong bidding for 2 Kumeu properties, the larger one in the proposed future urban zone and the other adjoining a proposed special housing area.

The 4ha block was sold at $1 million/ha, while the block of just under 1ha, with a substantial house on it, was passed in.

CBD

Learning Quarter

Westminster Court, 5 Parliament St, unit 4E:
Features: 47m², one bedroom, parking space, storage
Outgoings: rates $1558/year including gst; body corp levy $4138/year
Outcome: sold for $690,000
Agents: Diane Jackson & Julie Prince

Uptown

Hopetoun Residences, 15 Hopetoun St, unit 0H:
Features: 63m², one bedroom, 2.7m stud, balcony, parking space
Outcome: no bid
Agents: Julie Prince & Trent Quinton

Hopetoun Residences, 15 Hopetoun St, unit 1F:
Features: 62m², one bedroom, 2.7m stud, parking space + storage
Outcome: withdrawn from auction
Agents: Julie Prince & Trent Quinton

Hopetoun Residences, 15 Hopetoun St, unit 4A:
Features: 104m², 2 bedrooms, 2 bathrooms, 60m² terrace plus separate deck from both bedrooms, 2 parking spaces
Outgoings: body corp levy $4792/year
Outcome: passed in at $1.3 million
Agents: Harry Cheng & Cheryl Regan

Isthmus west

Ponsonby

7 Sheehan St:
Features: 3-level terrace, 3 bedrooms, 2 bathrooms, tandem garage
Outcome: sold for $875,000
Agent: Karen Spires

North-west

Kumeu

98 Koraha Rd:
Features: 9536m² site next to a proposed special housing area, 2 road frontages, 4-bedroom house
Outcome: passed in at $2.075 million
Agents: Bridget Dickson

343 Matua Rd:
Features: 4.05ha in future urban zone proposed under the proposed Auckland unitary plan, house of 5-6 bedrooms
Outcome: sold for $4 million
Agents: Bridget Dickson & Simon Spiller

Attribution: Auction.

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Updated again: Bayleys auction sales rise to 17

Published 29 October 2015, updated 4 November 2015 and again on 30 November 2015:
Bayleys made it over a 50% clearance rate on Thursday from its commercial auction the day before, and has added 2 more sales this week.

The agency sold 10 properties under the hammer from an auction list of 26, 2 sold prior and has sold 4 post-auction. One property was withdrawn.

By the end of November, sales were up to 17, with another unit in the Harbourside Business Park on Rosebank Rd sold.

The first 2 post-auction sales were an Avondale building and the Edinburgh Castle Hotel (pictured above), and the latest pair are a Whangarei office building and a second Avondale building.

Isthmus east

Grafton

36 Burleigh St:
Features: Modern 280m² tilt-slab warehouse/showroom on a 563m² underutilised mixed-use site with exposure to Mt Eden Rd; tenant Brake & Transmission NZ Ltd has exercised the first of 2 3-year rights of renewal
Rent: $69,500/year net + gst
Outcome: sold for $1.795 million at a 3.9% yield
Agents: James Hill & Sunil Bhana

Meadowbank

135 Meadowbank Rd:
Features: 129m2 site, new 158m2 2-level building, 4 tenants in serviced offices on upper level, hair salon on monthly tenancy on ground floor, 2 parking spaces
Outcome: sold for $750,000 to owner-occupier intending to move into the ground-floor space
Agents: Ed Donald & Sarah Boles

Remuera

30 Remuera Rd:
Features: 74m², retail unit at entrance to the Newmarket train station
Rent: $56,000/year net + gst
Outcome: withdrawn from auction
Agents: Owen Ding & James Chan

Isthmus west

Avondale

527B Rosebank Rd, units 3 & 4:
Features: 444m² building on 444m² site in the Rosebank Business Park, zoned 7A commercial office, 16 parking spaces; tenant on newly renewed lease of 6 years from 1 September
Rent: $110,450/year + gst + opex
Outcome: passed in at $1.55 million
Agents: Laurie Bell & Grant Miller

483 Rosebank Rd, unit A.

483 Rosebank Rd, unit A.

Updated: 483 Rosebank Rd, unit A:
Features: modern 474m2 2-level showroom office building in Harbourside Business Park, 20 parking spaces
Outcome: passed in at $900,000, sold vacant post-auction for $1 million
Agents: James Appleby & Mike Adams

Updated: 483 Rosebank Rd, unit B:
Features: 734m² – 367m² warehouse, 367m² office & amenities, 16 parking spaces
Rent: vacant
Outcome: passed in at $1 million, sold post-auction for $1.4 million
Agents: James Appleby & Mike Adams

Updated: 483 Rosebank Rd, unit C:
Features: 800m² unit – 400m² warehouse 400m² office, 18 parking spaces; upstairs office provides holding income from short-term lease
Outcome: passed in at $1.1 million, sold post-auction for $1.4 million
Agents: James Appleby & Mike Adams

Eden Terrace

215 Symonds St:
Features: 150-year-old Edinburgh Castle Hotel on 571m² mixed use-zoned site on corner of Newton Rd; New Skyworld Bar & Hotel Ltd, which exercised the first of 4 3-year rights of renewal in July, operates a sports bar on the ground floor, residential accommodation above
Rent: $145,000/year net + gst
Outcome: passed in at $2.25 million, sold post-auction for $2.49 million at a yield of 5.8%
Agents: Cameron Melhuish & Andrew Wallace

Mt Eden

131 Mt Eden Rd.

131 Mt Eden Rd.

131 Mt Eden Rd:
Features: 507m² character building on high profile 341m² corner site, lease on 116m2, but 253mground floor & 138m2 level 1 areas vacant
Rent: $35,000/year net + gst
Outcome: sold for $1.34 million
Agents: Phil Haydock & Jean-Paul Smith

Mt Roskill

164 Stoddard Rd:
Features: 715m² 2-level building on 933m² site, multiple retail tenants
Rent: $133,000/year net + gst
Outcome: sold prior for undisclosed price
Agents: Tony Chaudhary & Janak Darji

North

Oakura

45 Ohawini Rd:
Features: 59.8ha freehold waterfront site, the Whangaruru Beachfront Camp up east coast from Whangarei
Outcome: no bid
Agents: Ross Blomfield

Warkworth

Moir Hill & Matthew Rd:
Features: 320ha ex-forestry block in 4 titles, including 43.6ha of native bush, several kilometres of metal roads, 9km from Warkworth
Outcome: sold for $811,000
Agents: Duncan Napier & Dianna Coman

Whangarei

111-113 Bank St:
Features: 2072m² corner site, 2-level 1782m² office building, seismic rating 80% new building standard, 34 parking spaces, multi-tenanted & fully leased
Rent: $324,944/year net + gst + opex
Outcome: passed in at $3.925 million, sold post-auction for $4.21 million at a 7.7% yield
Agents: Ross Blomfield

North-east

Rosedale

7D Douglas Alexander Parade:
Features: 407m2 high stud warehouse, office & showroom, 8 parking spaces
Outcome: sold vacant for $920,000
Agents: Laurie Burt & Ashton Geissler

331 Rosedale Rd, unit 8B:
Features: 159m² floor area, tenant Moustache Republic Ltd on 2-year lease with 2 2-year rights of renewal
Rent: $43,966/year net + gst + opex
Outcome: sold for $635,000
Agents: Alex Strever & Dean Gilbert-Smith

3 Tarndale Grove:
Features: 1258m² site, 2 warehouse units with total 890m² floor area
Outcome: no bid except for vendor bid at $1.5 million
Agents: Matt Mimmack & Ranjan Unka

Wairau Valley

18 Link Drive, unit P(16):
Features: 668m² floor area, 13 parking spaces
Rent: $113,051/year net + gst + opex
Outcome: passed in at $1.15 million
Agents: Trevor Duffin & Tonia Robertson

41-53 View Rd, unit K:
Features: 597m2 industrial building, mix of warehousing with multiple roller doors and office/showroom
Outcome: sold vacant for $960,000
Agents: Mike Adams & Trevor Duffin

North-west

Helensville

84 Commercial Rd:
Features: 293m² mainstreet site, vacant 211m² ex-Video Ezy shop
Outcome: no bid except for vendor bid at $250,000
Agents: Grant Miller & Laurie Bell

Kumeu

7 Shamrock Drive:
Features: vacant 876m² warehouse & office, 10 parking spaces
Outcome: passed in at $1.254 million
Agents: Rosemary Wakeman & Ashton Geissler

New Lynn

18 Clark St, unit G:
Features: 204m2 retail outlet with cafe tenant
Rent: $28,000/year net + gst
Outcome: sold for $605,000 at a 4.6% yield
Agents: Grant Miller & Laurie Bell

South

Airport Oaks

24 Rennie Drive, Mangere.

24 Rennie Drive, Mangere.

24 Rennie Drive:
Features: 750m2 standalone warehouse plus 160m2 first-floor office, A+ seismic rating assessment; 6-year lease to government tenant from 2014 with 2 3-year rights of renewal
Rent: $101,000/year net + gst
Outcome: sold for $1.9 million at a 5.3% yield
Agents: Marty Roestenburg

Papakura

80-82 Great South Rd:
Features: 320m2 Wendy’s restaurant on 20-year lease to Wendco (NZ) Ltd from 2000 & no right of renewal; large site in 2 titles of 1037m² & 1080m2 with metropolitan centre zoning under proposed unitary plan
Rent: $160,578/year net + gst
Outcome: sold for $2.803 million at a 5.7% yield
Agents: Eddie Zhong & Damian Stephen

55 Hunua Rd:
Features: vacant 4057m² site, trucking facility with modern workshop & mechanics’ pit, air-conditioned offices, 492m² of building
Outcome: passed in at $1.15 million
Agents: Shane Snijder & Peter Migounoff

Tuakau

143 Bollard Rd:
Features: 2094m2 site with main road frontage & light Industrial zoning plus holding income from 3-bedroon 90m2 house
Rental appraisal: $380/week net + gst
Outcome: sold prior for $517,500 including gst
Agents: Graeme Moore

Attribution: Auction.

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Kumeu site sells

A site between the rail line & the main road at Kumeu was sold under the hammer at NAI Harcourts’ auction yesterday at a 5.8% yield. Under the present mixed use zone, building can go to 4 storeys.

North-west

Kumeu

49 Main Rd
Features: 1839m² site, 526m² floor area on 2 levels, 3 tenancies anchored by Fruit World & Bayleys, 34 parking spaces
Rent: $134,176/year net + gst + opex
Outcome: sold for $2.3 million + gst at a 5.8% yield on current rent
Agent: Albert Quan

Attribution: Auction.

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Commercial properties passed in at Barfoots

Both commercial properties taken to auction at Barfoot & Thompson yesterday were passed in.

Isthmus west

Grey Lynn

44 Pollen St:
Features: 480m² site, mixed-use zone, existing structure 447m², 5 parking spaces, potential for 6 storeys under proposed unitary plan, short-term vendor lease in place
Outcome: passed in
Agent: Murray Tomlinson

North-west

Kumeu

7 Shamrock Drive:
Features: 870m² including mezzanines, configured for food grade packaging operation, tilt-slab construction, vendor offering 1 + 1-year lease
Outcome: no bid
Agents: Chase Erceg & Simon Farland

Attribution: Auction documents.

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Weiti site & 2 northern consented subdivisions sold

88.5ha of the former Weiti station at Redvale and 2 consented residential subdivision sites at Kaukapakapa & Orewa have been sold in the latest sales report from Bayleys (which would have appeared earlier if I hadn’t lost it somewhere between the space bar & the mouse).

Sales 

North

Mangawhai

The Hub, Molesworth Drive:
Features: 1381m2 commercial building, ground-floor retail & offices above, constructed in 2 stages in 2006 & 2008 on 4824m2, 42 parking spaces; 12 of the 14 tenancies are leased, with Kaipara District Council the anchor tenant
Outcome: sold for $2.9 million
Agent: Duncan Napier

North-east

Albany

Orchard Park, Corinthian Retail Centre, 14 Corinthian Drive, unit 12B:
Features: 149m² site – retail 85m², front yard 38m², rear yard 26m², shared parking
Outcome: sold in October for $715,000 + gst
Agents: Eddie Zhong, Michael Block & Damian Stephen

27-29 William Pickering Drive, unit B1:
Features: 155m² office, 4 parking spaces
Rent: $38,152/year net
Outcome: sold in October for $440,000 + gst at $2838/m² land & building on an 8.6% yield
Agents: Ranjan Unka, Tonia Robertson & Deep Purohit

Orewa

46 Maire Rd:
Features: 2ha with resource consent for a 46-lot residential subdivision
Outcome: sold for $5.25 million at $262.50/m2
Agent: Stephen Scott

Redvale

Part of the former Weiti station, 1575-1595 East Coast Rd:
Features: 88.5ha of bare land
Outcome: sold for $8.8 million at $99,424/ha
Agents: Brian Caldwell, Ranjan Unka & Daryl Devereux

Silverdale

30 Anvil Rd:
Features: 1705m² industrial site, 11 parking spaces
Rent: $115,000/year + gst + opex
Outcome: sold in October for $1.18 million + gst
Agents: Rosemary Wakeman

Takapuna

43 Anzac St:
Features: 21-unit Anzac Court Motel complex with 3-bedroom manager’s home on 1677m2
Outcome: sold post-auction as a freehold going concern for $3.79 million
Agents: Shiona Dyer & Paul Dixon

Wairau Valley

84-90 Hillside Rd, unit E:
Features: 510.1m² building – warehouse 273.3m², office 128.7m², mezzanine 10.1m², shared parking
Outcome: sold in October for $581,000 + gst at $1139/m² land & building
Agents: Trevor Duffin & Laurie Burt

42-44 Porana Rd, unit C:
Features: 560m² industrial building – 420m² warehouse, 140m² office, 7 parking spaces
Outcome: sold in October for $950,000 + gst at $1696/m² land & building
Agents: Ranjan Unka & Trevor Duffin

North-west

Kaukapakapa

34 Peak Rd:
Features: 10ha in 2 titles with consents in place for a 51-lot residential subdivision
Outcome: sold for $3.6 million at $36/m2
Agent: Stephen Scott

Kumeu

4 Shamrock Drive:
Features: 300m2 of office space
Outcome: sold vacant for $635,000
Agent: Grant Miller

Massey

2-10 Triangle Rd, unit 2:
Features: 527m2 retail property forming part of a retail development, fully-leased to Mad Butcher franchise, which has occupied premises for 8 years and has a further right of renewal of 5 years
Outcome:  sold for $1.05 million at a 9.15% yield
Agent: Damien Bullick

New Ly

3029 Great North Rd: 
Features: 868m2 unit in modern building opposite Lynmall, previously occupied by ANZ Bank, quality fitout, high seismic rating, onsite parking
Outcome:  bought by an owner occupier for $4.08 million at $4700/m², for use as office
Agents: Mike Adams, Grant Miller, William Coates & James Appleby

Leases

CBD

Queen St valley

55-57 High St, shop 1A:
Features: 44m² shop
Rent: leased in October at $22,000/year + gst + opex at $500/m²
Agents: Terry Kim

Attribution: Agency release.

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