Archive | Mangere

Fletcher Residential completes Oruarangi purchase

Fletcher Residential Ltd has completed the purchase of 33.8ha for its residential development in Oruarangi Rd, Mangere.

Image above: Map of the development showing the buffer zones & other protected areas.

General manager Ken Lotu-I’iga said yesterday the purchase last week followed Auckland Council consent approvals granted in May.

He said Fletcher Residential, a subsidiary of Fletcher Building Ltd, was pleased with the continued progress: “It is well known that Auckland needs more houses, and we believe this will be a wonderful new neighbourhood, sensitive to the surrounding area. It will also include affordable housing which so many Aucklanders so desperately need.”

The deal has been hotly contested by local residents, particularly members of SOUL (Save Our Unique Landscape), who argued that the rezoning at 545-561 Oruarangi Rd from future urban to a combination of mixed housing suburban, public open space:conservation, and green infrastructure corridor would provide housing at a far lower density than most others in the same tranche of special housing areas approved in 2014.

Fletcher Residential intends to build up to 480 homes in a mix of standalones & terrace housing, and including about 48 affordable homes.

In a list of 18 other development proposals under the housing accord, SOUL found only 4 with densities below 40 dwellings/ha, 8 with densities over 200 dwellings/ha: “The only special housing area approved by Auckland Council & the NZ Government as a low density development is special housing area 62, Oruarangi Rd, Mangere: 480 dwellings on 32ha, density 15 = low.”

The Wallace family farmed this land for over 150 years and it was zoned for future residential development in 2011. Mr Lotu-I’iga said a small part of the residential development land bordered the Stonefields Reserve, and the stonefields were an important part of the history of Aotearoa: “We applaud the Auckland Council for acquiring the stonefields and making them a reserve for all to enjoy. In keeping with this history of protection, we have set aside more than 25% of the development land to provide a buffer zone for the reserve.

“Comprehensive preparations & planning have already been undertaken to protect the culturally significant geological features of the area, including the adjacent Stonefields Reserve. Fletcher Residential has commissioned reports from archaeologists, Heritage NZ, lizard experts, engineers & others, and incorporated these recommendations into the development plans.

“The company has been working with Maori leaders who have the mandate to represent their iwi. We have walked the site with mandated representatives and used ground-penetrating radar to confirm the exact location of caves & midden. We are not building on any of these areas. We are also protecting the old farmhouse & some significant trees. We have comprehensive protocols in place for the discovery & protection of anything of significance found on site, including having an archaeologist on site.

“We believe Auckland can have both history & houses. We are committed to creating a new neighbourhood that reflects these values. While we understand there is some local opposition from people who don’t want any development at all, we believe that the redevelopment of this site has been carefully considered and provides a good outcome for Aucklanders. We will continue to discuss our plans with mandated stakeholders.”

Earlier stories:
25 May 2016: Fletcher wins approval for subdivision next to Mangere stonefields
29 January 2016: Opponents say Ihumatao alone as low-density special housing area proposal

Attribution: Company release.

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Tamaki Drive section sells

A section across Tamaki Drive from Kohimarama Beach, currently in flats, was sold for $5836/m² at Bayleys’ Remuera branch auction this week.

At other auctions around the region, the agency sold a townhouse in Greenlane and a unit in Mangere Bridge. A development site at Riverhead was passed in.

Isthmus east

Greenlane

259A Campbell Rd:
Features: 3-bedroom townhouse, 2 bathrooms, office, storage room, double internal-access garage
Outcome: sold for $1,206,500
Agent: Glenn Baker

Kohimarama

263 Tamaki Drive:
Features: 891m² section across road from beach, in 4 flats of 1-2 bedrooms
Outcome: sold for $5.2 million at $5836/m²
Agents: Murray Wallace & Robert Ashton

North-west

Riverhead

263 Riverhead Rd:
Features: 6.55ha in development location, 4-bedroom house, barn, garage, land leased for strawberry-growing
Outcome: passed in
Agents: Craig Bishop & Ailsa McArthur

South

Mangere Bridge

7 Mona Avenue, unit 3:
Features: 3-bedroom unit, internal-access garage
Outcome: sold for $625,000
Agent: Steve Coppard

Attribution: Agency release.

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Gym, 2 apartments & 4 suburban cross-leases sell

A Henderson warehouse most recently used as a gym and an Argent Hall apartment were sold at Barfoot & Thompson’s commercial & apartments auction session yesterday.

Another apartment, in the Queens Lodge development behind Broadway and beside the Newmarket railway station (pictured), was sold in the agency’s afternoon residential session.

Also at the afternoon session, 4 of the 6 cross-leased properties were sold under the hammer.

Commercial

North-west

Henderson

4 Amokura St, unit D:
Features: 170m², high stud warehouse most recently used as a gym, mezzanine office & amenities, 4 parking spaces, offered “as is where is”
Outcome: sold vacant for $362,000 + gst under the Criminal Proceeds (Recovery) Act
Agents: Elaine Tutty & Roger Franklin

Apartments

CBD

Federal St

Federal, 207 Federal St, unit 903:
Features: 61m², 2 bedrooms
Outgoings: body corp levy $5247/year
Income assessment: $580/week, fixed until February
Outcome: passed in, back on market at $555,000
Agents: Stephen Shin & Yasu Ka

Learning Quarter

Argent Hall, 2 Eden Crescent, unit 8G:
Features: 49m², one bedroom, 2 balconies
Outgoings: body corp levy $5480/year
Outcome: sold for $450,000
Agents: Stephen & Leo Shin

Crescent, 7 Eden Crescent, unit 201:
Features: 59m², 2 bedrooms, study, balconies, parking space, bottom side of the Quadrant Hotel building at 10 Waterloo Quadrant
Outgoings: body corp levy $1166/year
Outcome: no bid, back on market at $639,000
Agents: Stephen & Leo Shin

Uptown

Amora Hotel, 100 Greys Avenue, unit 2B:
Features: one bedroom, parking space
Outgoings: body corp levy $4401/year, plus common area air-conditioning special levy $1864 and long-term maintenance levy $797
Income assessment: $1122/month including gst from hotel lease; in hotel pool until 31 December 2020
Outcome: passed in
Agents: Mike Campbell & Grant Elliott

Eclipse, 156 Vincent St, unit 7J:
Features: 41m², one bedroom
Outgoings: rates $1189/year including gst; body corp levy $3438/year
Income assessment: $400/week fixed until April
Outcome: no bid, back on market at $385,000
Agents: Stephen Shin & Yasu Ka

Isthmus east

Newmarket

Queens Lodge, 176 Broadway, unit C617:
Features: 2-bedroom apartment, 2 bathrooms, parking space
Outgoings: body corp levy $2192/year
Outcome: sold for $696,000
Agents: Michelle Zhang

Parnell

30 Heather St, unit 18:
Features: 3 bedrooms, balcony, parking space
Outgoings: body corp levy $4939/year
Income assessment: $580/week, fixed until February
Outcome: no bid
Agents: Sarah Garlick & Estee Zeng

Suburban cross-leases:

Isthmus east

Kohimarama

34 Melanesia Rd, unit 3:
Features: cross-lease, 1/3 share in 890m², 4-bedroom townhouse, 2 bathrooms, double internal-access garage
Outcome: sold for $1.725 million
Agents: Trevor Wyness & Louise Barnsley

Onehunga

4A Edmonton Avenue:
Features: cross-lease, half share in 765m², 3 bedrooms, 2 bathrooms, double internal-access garage
Outcome: no bid, back on market at $849,000
Agents: Paresh Patel

One Tree Hill

14 Rangipawa Rd:
Features: cross-lease, half share in 845m², 3 bedrooms, deck, carport
Outcome: sold for $1.085 million
Agent: Anna Stephens-Brown

Royal Oak

21A & 21B Campbell Rd:
Features: cross-lease, 2 half shares in 1120m
Outcome: passed in
Agents: Helen Lam & Wendy Sadd

Isthmus west

Mt Roskill

172 Melrose Rd, unit 1:
Features: cross-lease, half share in 657m², 2-bedroom unit, garage
Outcome: sold for $715,000
Agents: Di Martens

South

Mangere Bridge

5A McIntyre Rd, unit 2:
Features: cross-lease, half share in 929m², 3 bedrooms, deck, internal-access garage
Outcome: sold for $800,000
Agents: Jamie Gray

Attribution: Company release.

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2 apartments & development site sell at auctions

A Devonport apartment (pictured), a Mangere unit and a Takapuna site available under the unitary plan for intensification were sold at Bayleys auctions around the region last week. Another apartment at White Heron point and a One Tree Hill townhouse were passed in.

Isthmus east

One Tree Hill

19A Ngatiawa St:
Features: m², 4-bedroom townhouse, 2 bathrooms, parking space
Outcome: passed in, back on market at $1.015 million
Agent: Lindy Lawton

Parnell

White Heron Point, 154 St Stephens Avenue, unit 2D:
Features: 231m², 3-bedroom garden apartment, 2 living areas, 2 ensuites & third bathroom, study, terraces, covered patio, walk-in storage, 2 parking spaces
Outgoings: rates $9758/year including gst; body corp levy $15,318/year
Outcome: passed in
Agent: Ross Tierney

North-east

Devonport

11C Wynyard St (pictured):
Features: 3-bedroom apartment 4 back from the waterfront, 2 bathrooms, deck, 2 parking spaces
Outcome: sold prior for $1.325 million
Agent: Victoria Bidwell

Takapuna

16 Puriri St:
Features: 731m² section, mixed housing urban zoning under proposed unitary plan giving potential for 3-level townhouses up to 11m, 3 bedrooms, parking space
Outcome: sold prior for $1.562 million at $2137/m²
Agent: Malcolm Low

South

Mangere Bridge

7 Mona Avenue, unit 2:
Features: 3-bedroom unit, garage
Outcome: sold for $630,000
Agent: Steve Coppard

Attribution: Agency release.

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Start scheduled for Market Cove subdivision in Favona

A construction start is envisaged in the next few months on Southpark Corp Ltd (John Sax)’s 14ha Market Cove special housing area in Favona, on the Manukau Harbour beside Mangere Bridge, where the subdivision was originally touted 2 years ago.

The development will be conducted by the Favona limited partnership set up by Southcorp.

Market Cove general manager Guy Taylor said in a release today the development was no longer reliant on bank funding to proceed after the development plans had been refreshed.

Apartments & terraces around a courtyard. Design is by Young + Richards.

Apartments & terraces around a courtyard. Design is by Young + Richards.

The first stage will comprise 38 2-storey terrace houses and a 196-apartment complex in 3 buildings, 2 of 6 storeys and one of 4 storeys, on the western edge of the site accessed by Mahunga Drive. The terraces would be completed in the second half of 2017 and the apartments by late 2018.

The masterplanned development has been designed for 1200 homes and a population of about 4000.

The design includes a 5000m² central park for sports & leisure, with a community centre next to it and a small retail precinct of cafés & convenience outlets nearby.

Mr Taylor said pricing hadn’t been set yet, but early indications were that 20% of homes would be under $600,000, 70% under $750,000.

Links:
Southpark Corp, Market Cove
Market Cove

Attribution: Panuku Development Auckland release, company websites.

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4 apartments & townhouses sold

Bayleys sold 4 apartments & townhouses at its Remuera & city auctions last week, including 2 in Broadway Park (picture shows the Oakridge apartments at Broadway Park).

CBD

Learning Quarter

Oxford, 13-15 Mount St, unit 10B:
Features: furnished corner unit, 2 bedrooms
Outgoings: rates $1367/year including gst
Outcome: passed in
Agent: Dave Hamlyn

Isthmus east

Remuera

Broadway Park, 25 John Stokes Terrace:
Features: split level, 4 bedrooms, 2 bathrooms, double garage
Outgoings: rates $4696/year including gst
Outcome: sold for $2 million
Agents: Wei Wei Elder & Ross Tierney

Broadway Park, Oakridge, 10 Middleton Rd, unit 201:
Features: 3 bedrooms, 2 bathrooms, tandem parking, 2 storage units
Outcome: sold for $1.8 million
Agent: Paul Sissons

Isthmus west

Freemans Bay

28 College Hill, unit 303:
Features: 2 bedrooms, 2 bathrooms, 2 parking spaces
Outgoings: rates $2690/year including gst
Outcome: passed in
Agents: Jenna Kendrick & Wendy Nichols

Grey Lynn

39 Mackelvie St, unit 4D:
Features: top floor, 2 bedrooms, 2 bathrooms, balcony, 2 parking spaces
Outcome: sold for $926,000
Agent: Chris Batchelor

North-west

Glen Eden

35 Barnea Circle:
Features: m², 3-level townhouse, 3 bedrooms, 2 bathrooms, internal-access garage
Outcome: sold for $545,000
Agent: Mark Birdling

South

Mangere Bridge

32 Kapuka Rd, lots 1, 2 & 3:
Features: 1128m² of flat land in 3 titles – one 2-bedroom flat & 2 one-bedroom flats
Outcome: passed in
Agents: Wei Wei Elder & Ross Tierney

Attribution: Agency release.

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New Kea unit sale follows 6 sales & 5 leases for Colliers agents

A roadfront unit (pictured) in a new Kea Property development on Ellice Rd, at the top of the Wairau Valley, was sold for a snip under a 5% yield at Colliers’ auction yesterday. Colliers agents have sold another 6 properties from East Tamaki to Queenstown recently and signed 5 leases, all but one in Auckland.

Sales:

North-east

Wairau Valley

89 Ellice Rd, unit 1D:
Features: 341m² roadfront unit in 35-unit development by Kea Property Group Ltd – office 205m², warehouse/manufacturing 118m², mezzanine 18m², 9 parking spaces
Rent: $74,000/year net + gst from 4-year lease to City Electrical Ltd signed in June, 3 4-year rights of renewal
Outcome: sold at auction yesterday for $1.482 million at a 4.99% yield
Agents: Euan Stratton & Sean Finnegan

South

East Tamaki

4 Averton Place:
Features: cross-lease, half share in 2000m², 605m² vacant clearspan warehouse
Outcome: listed for auction on 7 September, sold prior to an owner-occupier for $1.121 million
Agents: Jolyon Thomson & Todd Kuzmich

South of the Bombays

Bay of Plenty

Mt Maunganui

15 Newton St:
Features: 1019m² site, 550m² building
Outcome: sold at auction for $1.35 million at a 4.79% yield
Agents: Simon Clark & Rob Schoeser

Waikato

Morrinsville

75 Snell St:
Features: 1.55ha site. 2430m² industrial building,
Outcome: sold at auction for $4.255 million at a 6.94% yield
Agents: Alan Pracy & Justin Oliver

Wellington

Pipitea

238 Thorndon Quay:
Features: 887m² site, 810m² 2-level retail & office building
Outcome: sold for $3.13 million at a 7.37% yield
Agents: Rex Fowler, Sam McIlroy & Georgina Young

240 Thorndon Quay:
Features: 769m² site, 850m² 2-level retail & office building
Outcome: sold for $2.2 million
Agents: Rex Fowler & Sam McIlroy

South Island

Queenstown

12 Industrial Lane:
Features: 430m² office & warehouse,
Outcome: sold for $1.08 million at a 6.48% yield
Agents: Mary-Jo Hudson & Rory O’Donnell

Leases:

CBD

Wynyard Quarter

VXV3 building:
Features: 3080m² new commercial building developed by Goodman Property Trust, plus signage, leased to IBM NZ Ltd
Agents: Rob Bird, Paul Dyson & Chris Palmer

Isthmus east

Onehunga

120 Captain Springs Rd:
Features: 1483m² industrial property, leased to Legacy Construction Ltd by 777 Investments Ltd (Rolf & Belinda Masfen) for a 5-year term
Agent: Ash Vincent

Otahuhu

Manu industrial estate, 9 Manu St, building 6:
Features: 3625m² building in an estate developed by James Kirkpatrick Group Ltd – warehouse 3495m², office 130m², canopy 130m², yard 500m², 8-year lease
Agents: Ben Herlihy, Hamish West & Chris Palmer

South

Mangere

20C Timberly Rd:
Features: 5432m² warehouse & office developed by Goodman Property Trust, leased to Hellmann Worldwide Logistics Ltd
Agents: Brad Johnston & Paul Jarvie

South of the Bombays

Wellington

205 Victoria St:
Features: 780m² ground floor, 7 parking spaces, leased to Forest & Bird Society for Anaro Investments Ltd
Agents: Sam McIlroy & Jeremy Langford

Attribution: Agency release.

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One sale & 2 leases for Knight Frank

Knight Frank agents sold 2 Montgomerie Rd industrial units in Mangere and completed 2 lease transactions at East Tamaki & Mt Wellington last week. 

Sales:

South

Mangere

185 Montgomerie Rd, units 5 & 6:
Features: 2 industrial units of 463m² & 343m²
Outcome: sold for $1.425 million + gst
Agents: Josh Franklin, David Arlidge & Rick Kermode

Leases:

Isthmus east

Mt Wellington

4B Gabador Place:
Features: 450m² warehouse & storage, 96m² office/showroom, 22m² canopy
Rent: $50,000/year + gst + opex
Agents: David Arlidge & Michelle Kennard

South

East Tamaki

14B Kerwyn Avenue:
Features: 1200m² warehouse & office
Rent: confidential
Agent: Josh Franklin

Attribution: Agency release.

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12 intensive properties sell at Barfoots as 71 homes on offer

12 of the 29 intensive residential properties auctioned at Barfoot & Thompson yesterday were sold under the hammer and 9 were passed in without a bid being made. 18 of these properties were on cross-leases.

They were among 28 sales as 71 residential properties were offered at 3 auction sessions at the agency’s city office – back to the heady days of late last year, with a strong contingent of Chinese investors.

Below, details of the intensive properties – apartments, townhouses, suburban units, homes on cross-leases:

CBD

Learning Quarter

Statesman, 1 Parliament St, unit 8:
Features: 2-bedroom apartment, parking space
Outgoings: body corp levy $5383/year
Outcome: passed in
Agents: Nicholas Lyus & Julia Nah

Isthmus east

Ellerslie

11 Ballin St, unit 11:
Features: cross-lease, one/15th share in 2271m², one-bedroom unit, balcony, carport, storage locker
Outcome: sold for $443,000
Agent: Anna Stephens-Brown

8 Eaglehurst Rd, unit 16:
Features: 3-bedroom terrace, yard, single garage
Outgoings: body corp levy $2500/year
Outcome: sold for $750,000
Agent: Stephen Rendell

72 Main Highway, unit 3:
Features: cross-lease, quarter share in 1161m², 3-bedroom unit, carport
Outcome: passed in
Agent: Rain Diao

Epsom

20 Corbett-Scott Avenue, unit 3:
Features: cross-lease, one-third share in 819m², 3-bedroom townhouse, deck
Outcome: sold for $1.503 million
Agent: Dee Brennan

147 Mountain Rd, unit 3:
Features: cross-lease, quarter share in 1057m², 3-bedroom unit, balcony, storage, garage
Outcome: no bid
Agents: Maria Lambert & Anne Bruford

Glendowie

30 Colchester Avenue, unit 1:
Features: cross-lease, quarter share in 809m², 2-bedroom unit, deck, garden
Outcome: sold for $760,000
Agent: Zdenka Zinajic

Mission Bay

20 Kempthorne Crescent, unit 1:
Features: 260m² site, 2-bedroom unit, deck, storage shed, offstreet parking
Outcome: passed in at $795,000
Agent: Chris Patrick

Newmarket

King’s Square, 26 Remuera Rd, unit 301:
Features: 3-bedroom apartment, 2 bathrooms, 2 secure parking spaces
Outgoings: body corp levy $3426/year
Outcome: no bid
Agent: Alex Shin

Remuera

11 Dell Avenue:
Features: cross-lease, half share in 793m², 3 bedrooms, deck
Outcome: sold for $2.05 million
Agents: Nicholas Lyus & Julia Nah

113A Grand Drive:
Features: cross-lease, half share in 822m², 3 bedrooms, deck, garage
Outcome: sold for $1.22 million
Agents: Cici & Miro Wang

576 Remuera Rd, unit 2:
Features: cross-lease, one-third share in 1024m², 3 bedrooms, 2 bathrooms, terrace, secure internal-access double garage
Outcome: no bid
Agents: Ian Griffiths & Cheryl Burgess

Royal Oak

27A Campbell Rd, unit 5:
Features: 2-bedroom unit, carport
Outgoings: body corp levy $989/year
Outcome: sold for $570,000
Agents: George Fong & Laura McAuley

Isthmus west

Avondale

89 Blockhouse Bay Rd, unit 2:
Features: cross-lease, 1/6th share in 1433m², 3-bedroom townhouse
Outcome: passed in
Agents: Aken Yuan & Harry Wang

75E Canal Rd:
Features: 3-bedroom townhouse, garage

Outgoings: body corp levy $759/year
Outcome: passed in at $685,000
Agent: Kim Tilly

26A Holly St:
Features: 260m² freehold + quarter share in 395m², 4 bedrooms, internal-access garage
Outcome: sold for $1.03 million
Agent: Anne Lechtchinski

8 Plane St, unit 4:
Features: cross-lease, 1/17th share in 6762m², 3-bedroom villa, deck, double garage
Outcome: passed in
Agent: Sylvia Lu

Hillsborough

28D Hillsborough Rd:
Features: cross-lease, 1/5th share in 1960m², 5 bedrooms, courtyard, double garage
Outcome: sold for $1.235 million
Agents: John Zhang & Louissa Bao

Mt Eden

Eden Oaks, 1 Akiraho St, unit 11:
Features: 2-level 2-bedroom apartment, balcony, 2 parking spaces
Outgoings: body corp levy $4113/year
Outcome: no bid
Agent: Sue Saywell

5 Carrick Place:
Features: cross-lease, half share in 971m², 4-bedroom villa, patio, garage
Outcome: no bid
Agents: Paul Donovan & Sharon Walls

886 Dominion Rd, unit 2:
Features: cross-lease, one-third share in 683m², 2-bedroom art deco unit, garage
Outcome: sold for $725,000
Agent: Stanley Armon

1A Invermay Avenue, unit 2:
Features: cross-lease, quarter share in 799m², 4 bedrooms, courtyards, internal-access garage
Outcome: passed in
Agents: Derek Helliwell & Karen Captain

Mt Roskill

1 Thomson St:
Features: cross-lease, half share in 983m², 3-bedroom ex-state house
Outcome: sold for $865,000
Agent: Cheryl Martin

104A White Swan Rd:
Features: cross-lease, half share in 857m², 4 bedrooms, deck, double carport
Outcome: no bid
Agent: Dharmendra Gomber

North-west

New Lynn

10 Crown Lynn Place, unit 3D:
Features: studio, balcony
Outgoings: body corp levy $2318/year
Outcome: no bid
Agents: Aken Yuan & Michelle Zhou

6 Islington Avenue, unit 14:
Features: 4 bedrooms, double internal-access garage, deck
Outgoings: body corp levy $2331/year
Outcome: no bid
Agent: Dharmendra Gomber

37 Kohekohe St:
Features: 3-bedroom unit, internal-access garage, courtyard, garden
Outgoings: body corp levy $1971/year
Outcome: no bid, back on market at $619,000
Agents: Aken Yuan & Michelle Zhou

Sunnyvale

104 Seymour Rd:
Features: cross-lease, half share in 817m², 3-bedroom bungalow
Outcome: sold for $585,000
Agents: James Yu & Rosemary Giborees

South

Mangere Bridge

41B Wallace Rd:
Features: cross-lease, half share in 867m², 3 bedrooms, deck, internal-access garage
Outcome: passed in
Agents: Paul Knussen & James Yang

Attribution: Auctions.

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Knight Frank sales at Mangere & Hornby

Knight Frank sales & leasing directors David Arlidge in Auckland & Craig Edwards in Christchurch have reported 2 industrial property sales.

South

Mangere

576 Oruarangi Rd:
Features: 1.04ha site, dual street frontages
Outcome: sold for $3.95 million + gst
Agent: David Arlidge

South Island

Hornby

33 Carmen Rd:
Features: 575m² site, 261m² warehouse & office
Outcome: sold for $767,000
Agent: Craig Edwards

Attribution: Agency release.

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