Archive | New Lynn

2 leasehold apartments sell at auction

The owner of 2 leasehold apartments in the Quay Park precinct one at Hudson Brown and the other at The Landings, sold both under the hammer at City Sales’ auction yesterday.

The third property up for auction, a New Lynn studio, was passed in.

CBD

Quay Park

Hudson Brown, 57 Mahuhu Crescent, unit 422:
Features: leasehold, 70m², 2 bedrooms, parking space
Outgoings: rates $1608/year including gst; body corp levy $10,004/year including ground rent
Income assessment: $580/week fixed until January
Outcome: sold for $220,000
Agents: Tony Kelly & Trisha Shanaghan

The Landings, 10 Ronayne St, unit 611:
Features: leasehold, 41m², 2 bedrooms
Outgoings: rates $873/year including gst; body corp levy $2799/year, ground rent $2297/year
Outcome: sold for $130,000
Agents: Tony Kelly & Trisha Shanaghan

North-west

New Lynn

10 Crown Lynn Place, unit 3E:
Features: 28m² studio, deck
Outgoings: rates $865/year including gst; body corp levy $2474/year
Outcome: no bid, back on the market at $230,000
Agent: Trisha Shanaghan

Attribution: Auction.

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3 suburban units sell

3 of the 5 suburban units & cross-leased homes auctioned at Barfoot & Thompson yesterday were sold under the hammer or shortly after.

Isthmus east

Epsom

7A Atherton Rd:
Features: cross-leased terrace, quarter share in 1384m², 4 bedrooms, deck, internal-access garage
Outcome: sold for $1.505 million
Agents: George Fong & Laura McAuley

15C Cornwall Park Avenue:
Features: cross-lease, 1/3 share in 1275m², 5 bedrooms, pool
Outcome: passed in
Agents: Ann Lepper & James Gai

Isthmus west

Mt Eden

24A Marlborough St:
Features: cross-lease, half share in 698m², 3 bedrooms, deck, offstreet parking
Outcome: passed in at $930,000
Agents: Matt O’Rourke & Ryan Harding

North-west

New Lynn

100 Portage Rd, unit 3:
Features: 2-bedroom unit, garage
Outcome: sold shortly after auction, price not disclosed
Agents: Richard Han & Barry He

South

Manurewa

60 Coxhead Rd:
Features: cross-lease, half share in 1148m², 3-bedroom bungalow, deck, sleepout
Outcome: sold for $520,000
Agent: Repeka Lelaulu

Attribution: Auctions.

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3 of 13 apartments & units sell at auctions

3 of the 13 intensive residential properties – city centre apartments, suburban units & townhouses – auctioned at Barfoot & Thompson’s city branch at sessions on Wednesday & Thursday sold under the hammer.

Of the 36 residential properties, including standalone homes, auctioned over the 2 days, 17 sold at the auction.

CBD

Albert St

Stamford Residences, 26 Albert St, unit 1511:
Features: 127m², 2 bedrooms, 2 bathrooms, conservatory, parking space
Outgoings: body corp levy $8475/year
Outcome: passed in at $1.3 million
Agents: Stephen & Leo Shin

Learning Quarter

Waldorf Celestion, 19 Anzac Avenue, unit 502:
Features: 2 bedrooms, balcony
Outgoings: body corp levy $4410/year
Outcome: passed in at $440,000
Agent: Jason Buckwell

Victoria Quarter

Fiore, 152 Hobson St, unit 408:
Features: 40m², one-bedroom apartment
Outgoings: body corp levy $2907/year
Outcome: passed in at $250,000
Agents: Andre Volkov & Mike Ma

Isthmus east

Meadowbank

21 Houghton St, unit 1:
Features: 2-bedroom unit, patio, raised deck, garage
Outcome: sold for $660,000
Agent: Steve Hood

Onehunga

279A Onehunga Mall:
Features: 3-bedroom loft, 2 bathrooms, balcony, tandem parking
Outcome: sold for $720,000
Agents: Wendy Sadd & Ron Maman

151 Selwyn St, unit 7:
Features: 2-bedroom unit, carport
Outcome: sold for $775,000
Agent: Digna Clark

St Heliers

40 Devore St:
Features: 3-bedroom refurnished penthouse with internal lift, 2 bathrooms, 2 conservatories
Outcome: passed in
Agent: Karin Cooper

Isthmus west

Coxs Bay

Bayside Lofts, 571 Livingstone St:
Features: 2-bedroom loft, 2 bathrooms, 2 parking spaces
Outcome: passed in at $900,000
Agents: Carl & Roseanne Madsen

Grey Lynn

M-One, 250 Richmond Rd, unit 3N:
Features: 42m², one-bedroom apartment, patio, storage locker, secure covered parking space; remedial work planned
Outcome: passed in at $240,000
Agents: Sheryl Jones & Jack Atherton

Herne Bay

3 Hamilton Rd, unit 10:
Features: one-bedroom apartment, storage locker, secure parking space
Outcome: passed in at $770,000
Agent: Felicity Scott

Sandringham

43 Kingsway Avenue, unit 6:
Features: 3-bedroom unit, 2 bathrooms, garage
Outcome: passed in at $730,000
Agents: Yi Wei Lowndes & Tian Qiu

North-west

New Lynn

1 Briar Way, unit 19:
Features: 3-bedroom terrace, 2 bathrooms, internal-access garage, reclad & redecorated
Outcome: no bid
Agent: Isabella Li

43A Rata St:
Features: 135m² site, 3 bedrooms, 2 bathrooms, study, internal-access garage
Outcome: no bid
Agent: Michelle Zhang

Attribution: Auctions.

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9 Manukau residential sales & 4 at city auction for Barfoots

Anyone looking for trends in the residential auctionrooms at the moment is likely to be bamboozled – lots of sales one day, none the next.

Barfoot & Thompson’s had some quiet days at its Manukau auctions recently, but started its auction programme for this week with 7 sales under the hammer & 2 sold prior out of 21 listed.

At the city auction on Tuesday, 4 homes were sold – including a townhouse at New Lynn – 6 were passed in and 2 were withdrawn from auction.

North-west

New Lynn

3 Ambrico Place, unit 21:
Features: 2-bedroom townhouse, balcony, 2 parking spaces
Outcome: sold for $500,000
Agents: Aken Yuan & Michelle Zhou

Manukau auction sales

At the Manukau auction on Tuesday, the agency sold 7 homes under the hammer & 2 prior out of 21 listed.

The sales included a Dannemora apartment & 2 units on one title in Papakura.

South

Dannemora

Botany Palms, 2 Armoy Drive, unit 136:
Features: one-bedroom apartment, balcony, garage
Outcome: sold for $400,000
Agents: Bob Adler & Anna An

Papakura

27 Alma Crescent:
Features: 1042m² section, 2 2-bedroom flats, carport each
Income assessment: $420/week & $415/week current
Outcome: sold for $891,000
Agent: Lloyd Singh

Attribution: Auctions.

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3 of 5 suburban units sell

3 of the 5 suburban apartments & units auctioned at Barfoot & Thompson’s city office on Wednesday were sold under the hammer.

The agency sold 7 of the 25 residential properties (intensive & standalone) offered at 2 auction sessions.

Isthmus east

Meadowbank

146 St Johns Rd, unit 9:
Features: 2-bedroom unit, courtyard, garden, offstreet parking
Outcome: no bid
Agents: George Damiris & Carl Madsen

Remuera

16 Belmont Terrace, unit 14:
Features: 3-bedroom apartment, balcony, double garage
Outcome: sold for $795,000
Agent: Thomas Farmer

St Heliers

12 Kaimata St, unit 4:
Features: 3-bedroom apartment, 2 bathrooms, deck, 4-car garage
Outcome: no bid
Agent: Margot Torrance

36 Towai St, unit 2:
Features: one-bedroom unit, courtyard
Outcome: sold for $625,000
Agent: Lynette Boyd

Isthmus west

Mt Albert

3 Wagener Place, unit 42:
Features: 2-bedroom duplex townhouse, double carport
Outcome: withdrawn from auction, back on market at $759,000
Agents: Shirley Shen

North-west

New Lynn

Tuscany Towers, 1 Ambrico Place, unit 35:
Features: townhouse on 3 levels, 4 bedrooms, deck, internal-access double garage
Outcome: sold for $650,000
Agents: Dong & Lucca Liu

Attribution: Auctions.

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Council supports regeneration actions

Auckland Council’s finance & performance committee approved 3 actions yesterday to support urban regeneration, and another likely to result in the transfer of a town centre carpark from Auckland Transport to a supermarket owner.

The 3 regeneration-supporting actions were:

Divestment of 2 areas in the New Lynn town centre totalling 3384m², which Infratil Ltd has first development right on

Sale of council landholdings in central Henderson – with the intention of the local board to recoup at least some of the sale funds – to enable urban renewal & town centre housing

Sale of a number of council landholdings in Onehunga, also to support regeneration and the development of housing, and also with at least some of the sale funds being applied to that, and

Sale of the 19 Anzac Avenue carpark in Browns Bay, most likely to remain a parking lot because a high proportion of users park there to go to the nearby supermarket.

The regeneration proposals are all part of council-controlled Panuku Development Auckland’s task of selling off land the council doesn’t use, and secondly to support Panuku’s programme of transforming town centres.

Onehunga is marked as a “transform” centre and Henderson as an “unlock” centre in Panuku’s priority list of urban renewal around the region.

  • I’ll return to these redevelopment topics in considerably more detail, probably starting in about a week.

Attribution: Council committee meeting.

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Sales start to flow post-auction

City Sales had an unsuccessful hour in the auctionroom on Wednesday as all 6 apartments were passed in, but by the end of the afternoon had 2 sold conditionally and offers had been made on 2 more.

The 2 conditional sales were at the Zest on Nelson St and The Point on the Viaduct Basin.

The Point unit was taken to market by the receiver & manager of owner Glenys Treweek’s affairs, Tom Rodewald of Tauranga, appointed on 30 March. The apartment has 3 mortgages over it, 2 registered last year and the third registered on Monday to the owner of another unit in the building.

Ms Treweek was crowned Miss New Zealand in 1970, and in recent years was involved in property investment & the thoroughbred industry. Her partner, longtime property investor & stud owner Michael Tololi, was bankrupt from 2010-13 after creditors turned down his debt-compromise offer of $300,000 to have been paid over time on $40.3 million of debt. Ms Treweek was a director of Karaka companies Karaka Group Ltd, Stony Bridge Thoroughbreds Ltd & Twin Pines Thoroughbreds Ltd.

CBD

Quay Park

Grand Central, 26 Te Taou Crescent, unit 109:
Features: leasehold, 34m², 2 bedrooms
Outgoings: rates $1101/year including gst; body corp levy $11,652/year including ground rent
Income assessment: $385/week current
Outcome: passed in at $49,000 (excluding gst)
Agents: Tom Faye

Uptown

Hereford Residences, 8-15 Hereford St, unit 11D:
Features: 84m², 2 bedrooms, 2 bathrooms, parking available from developer at $80,000/space
Income assessment: $750-800/week
Outcome: passed in at $825,000
Agents: Tom Faye & Anna Birkenhead

Victoria Quarter

Zest, 72 Nelson St, unit 228:
Features: 32m², 2 bedrooms, deck
Outgoings: rates $1037/year including gst; body corp levy $3197/year
Income assessment: $450-500/week
Outcome: passed in at $307,000, sold conditionally post-auction, price confidential
Agents: Steve Kirk & Habeeb Urrahman

Waterfront

The Point, 121 Customs St, unit 415:
Features: leasehold, 92m², 2 bedrooms, 2 bathrooms, 24m² deck, 2 parking spaces
Outgoings: rates $3584/year including gst; body corp opex levy $9606/year, ground rent $14,079/year
Income assessment: $1100/week
Outcome: passed in at $910,000, sold post-auction conditional on vendor consent, price confidential
Agents: Gabrielle Hoffmann & Nicola Hunt

Isthmus west

Eden Terrace

Memphis, 11 Charlotte St, unit GI:
Features: 47m², one bedroom, deck, storage locker, parking space
Outgoings: rates $1169/year including gst; body corp levy $3153/year
Income assessment: $450-500/week
Outcome: passed in at $450,000
Agents: Steve Kirk & Habeeb Urrahman

North-west

New Lynn

10 Crown Lynn Place, unit 3L:
Features: 28m² studio; unallocated parking is available on the property
Outgoings: rates $853/year including gst; body corp levy $2320/year
Income assessment: $280/week
Outcome: passed in at $90,000
Agents: Trish Shanaghan

Attribution: Auction.

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Bike network addition at New Lynn planned

Auckland Transport is seeking feedback on plans to extend cycleways in New Lynn. An open day will be held on Thursday 11 May from 3-6pm at the New Lynn Memorial Library and consultation will close on Sunday 21 May.

An off-road cycleway is proposed along Seabrook Avenue from the Willerton Avenue intersection, joining up with the existing shared paths on Margan & Rankin Avenues.

The proposal would entail changes at 3 intersections along the cycleway and also to the intersection of Clark St, Rankin & Totara Avenues to improve access & safety for pedestrians & cyclists.

Auckland Transport’s walking, cycling & road safety manager, Kathryn King, said today this route was identified as the first cycleway priority for New Lynn because of the links to New Lynn Train Station, which is the third busiest station in Auckland.

“We have a lot more in store for the area, both in our current programme of work which runs until 2018 and then as part of our planning for 2018-21.”

NZ Transport Agency regional relationships director Ernst Zollner said these additions under the urban cycleways programme would make it easier to access the station and also ultimately link into the Te Whau pathway, the New Lynn-Avondale & Waterview shared paths and the North-western cycleway, which he said was one of the most popular in Auckland.

Whau Local Board chair Tracy Mulholland said: “New Lynn has been undergoing a major revitalisation transforming it into a sustainable urban centre, with high density housing close to the town centre. The completion of New Lynn’s world-class transport interchange in September 2010 was the first step in the area’s regeneration project. This work to begin developing the walking & cycling facilities takes us another step forward as an area.”

The links to New Lynn project has $2 million of funding from the Government, NZ Transport Agency (also Government) & Auckland Transport through the urban cycleways programme.

Link: Cycle network feedback
https://at.govt.nz/projects-roadworks/seabrook-avenue-cycleway-and-intersection-improvements/

Attribution: Auckland Transport 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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Flood-damaged New Lynn building’s demolition starts

Auckland Council said yesterday it had issued a warrant to undertake the emergency partial demolition of the Probett Building in New Lynn.

The building at 3107 Great North Rd was damaged during last week’s flash flooding. The council issued a dangerous building notice last week, and said the owner had worked closely with the council to allow the demolition to proceed.

Initially the owner was planning to undertake the work, but the council wanted to proceed quickly to allow for work on the culvert the water came from to also progress safely.

Council infrastructure & environmental services director Barry Potter said Ward Demolition started work yesterday. It also needed to remove asbestos from the site.

He said the upstream end of the culvert would start to be cleared today.

Attribution: Council release.

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