Archive | Barfoot and Thompson

Auctionroom climate change

A hush, in a room where last year there was a constant buzz and the most commonly used word, “mln”, was spoken almost as an afterthought.

Today, among the intensively developed residential properties on the market, 4 sold and 4 were passed in.

A bid, an excruciatingly long pause, much agent to-ing & fro-ing. The message comes back: no increase. Just under $40,000 later, the couple who weren’t going to pay a penny more hear the hammer fall in their favour and they’ve bought a house for just over $1.8 million.

For other properties, the bidding just stops or, for many, doesn’t start at all. Often, though, a sale may be concluded within half an hour of the property being passed in. That happened 3 times while I was there today and, of 20 properties offered (I missed the last 4), 12 sold although buyers were few & far between.

At the peak last year, Barfoot & Thompson’s city auctionroom pushed up to 80 homes/day through the process, 2 sessions/day on at least 2 days/week and often 2 auctionrooms operating simultaneously.

The auctions are now spread over 4 days, the total in a day might be around 30 or even down to 20, the buzz has gone and it’s the vendors who are facing the tough questions on price. Still, in this climate a success rate of 60% is not to be sneezed at.

What’s made the difference between last year’s boom times & now? Foreign investor curbs, and the price of money has changed.

Below, the intensive offerings:

CBD

Victoria Quarter

City Oaks, 188 Hobson St, unit 610:
Features: 2-bedroom apartment
Outgoings: body corp levy $5859/year
Outcome: no bid
Agents: Frances Li & Ian Thornhill

Isthmus east

Epsom

36 Pah Rd, unit 2:
Features: cross-lease, half share in 852m², 4 bedrooms, double internal-access garage
Outcome: sold for $1.315 million
Agents: Vern Hines & Sara Knight

30A & 30B Selwyn Rd:
Features: cross-lease, half share in 902m², bungalow converted into 2 flats, one of one bedroom the other of 2 bedrooms
Outcome: no bid
Agents: Diana Buczkowski & Peter West

165 The Drive:
Features: cross-lease, half share in 814m², 4 bedrooms, sunroom, internal-access garage
Outcome: sold for $1.648 million
Agent: Robert Thompson

Isthmus west

Freemans Bay

32 Ireland St, unit 4:
Features: 2 bedrooms, double internal-access garage
Outgoings: body corp levy $3054/year plus second levy of $1123
Outcome: sold post-auction
Agents: George Damiris & Anna Lechtchinski

Mt Eden

18 Leamington Rd:
Features: cross-lease, 1/6 share in 1856m², 3 bedrooms, garage
Outcome: passed in at $1.181 million
Agents: Joanne Simpson & Repeka Lelaulu

Westmere

214A Garnet Rd:
Features: cross-lease, half share in 814m², 3 bedrooms, 2 bathrooms, double garage
Outcome: sold for $1.47 million
Agents: Felicity Scott

North-west

New Lynn

31 Nikau St, unit 2:
Features: 2-bedroom unit, deck, garage
Outgoings: body corp levy $675/year
Outcome: passed in
Agents: George Damiris & Carl Madsen

Attribution: Auction.

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Propbd on Q Th1Dec16 – auction results galore – apartments, cross-leases, Total Property

I have a large volume of auction results in various stages of processing, so you can check whether they’ve sold while I continue with the full details for each one.

Ray White City Apartments Thursday:

Tetra House, 85 Wakefield St, unit 606, sold for $365,000
One on Ophir, 1 Ophir St, unit 1A, sold for $583,900
Waterloo Towers, 20 Waterloo Quadrant, unit 8, sold for $650,000
Queens Residence, 8 Airedale St, unit 1507, no bid
Ellerslie Court, 3A Harrison Rd, unit 6, no bid
Aura, 53 Cook St, unit 1315, passed in at $410,000
Pulse, 80 Richmond Rd, unit 3S, passed in with vendor indicator bid of $400,000
Wiltshire, 89 Victoria St West, unit 2C, no bid

Barfoot & Thompson Thursday afternoon residential (apartments, townhouses & cross-leases only):

Mt Albert, 41 Owairaka Avenue, unit 3, cross-leased unit, sold for $695,000
Onehunga, 12A Wallath Rd, cross-lease, sold for $740,000
Onehunga, 40 Spring St, unit 1, no bid
Onehunga, 93Q Mays Rd, terrace, no bid
Meadowbank, 146 St Johns Rd, unit 8, no bid
Greenlane, 15 Matai Rd, unit 1, cross-leased unit, passed in
Royal Oak, 16 Boyd Avenue, unit 2, cross-leased unit, no bid
18 Wakefield St, unit 3H, apartment, sold for $700,000
Greenlane, 3A Nolan Rd, cross-lease, passed in
Blockhouse Bay, 158 & 160 Boundary Rd, 2 units, withdrawn from auction
Howick, 57B Cook St, cross-lease, sold for $965,000

Barfoot & Thompson Thursday apartments & commercial:

Grey Lynn, 376 Great North Rd, commercial building, sold for $3.85 million
Metropolis, 1 Courthouse Lane, unit 2302, passed in at $430,000
Darlinghurst, 50 Eden Crescent, unit 1C, passed in at $405,000
Newmarket, 8 Clayton St, unit 23, sold for $450,000
Harvard, 147 Hobson St, unit 10P, sold for $486,000

Barfoots Wednesday afternoon residential (apartments, townhouses & cross-leases only):

Three Kings, 26A Princes Avenue, cross-lease, sold for $1.01 million
Epsom, 9 Karetu Rd, cross-lease, sold for $2.2 million
Freemans Bay, 11 Sheridan Lane, cross-leased unit, sold for $1.44 million
Remuera, 3G Laxon Terrace, unit, passed in
Mt Eden, 72 Prospect Terrace, unit 2, cross-leased townhouse, no bid
Mt Eden, 39A View Rd, cross-lease, sold for $1.355 million
Grey Lynn, 61 Wellpark Avenue, cross-lease, no bid
Epsom, 593 Manukau Rd, unit 2, cross-leased unit, passed in
Greenlane, 170 Green Lane West, unit 6, in body corporate, passed in
Avondale, 1, 1A & 3 Glendon Avenue, 3 houses on separate titles, total 2276m², no bid
Remuera, 90 Remuera Rd, unit 15, cross-leased apartment, no bid
Epsom, 53 Disraeli St, unit 1, cross-lease, sold for $1.255 million
Western Springs, 27 Bannerman Rd, cross-lease, no bid
Avondale, 6 Methuen Rd, cross-lease, sold for $992,000
Sandringham, 94 St Lukes Rd, unit 3, cross-lease, no bid
Avondale, 32 Powell St, house in body corporate, sold for $805,000
Onehunga, 8 Inkerman St, unit 9, cross-leased unit, passed in
Sunnyvale, 123 Millbrook Rd, unit 1, cross-lease, no bid

Barfoots Wednesday morning residential (apartments, townhouses & cross-leases only):

Glendowie, 32 Roberta Avenue, unit 4, cross-leased unit, sold for $1.35 million
Glendowie, 36 Wendover Rd, cross-lease, sold for $1.32 million
Kohimarama, 38 Whytehead Crescent, unit 1, cross-leased unit, no bid
St Heliers, 42 Sylvia Rd, cross-lease, passed in

Bayleys Wednesday residential:

148 Quay St, unit 11C, apartment, passed in (vendor bid at $1.2 million)
Herne Bay, 2 Herne Bay Rd, unit 4, cross-leased unit, sold for $800,000
St Heliers, 24 Auckland Rd, unit 4, cross-lease, passed in at $950,000
Te Atatu South, 132 Edmonton Rd, unit 3, cross-lease, passed in at $650,000
Bianco off Queen, 8 White St, unit 6A, apartment, sold for $650,000
Metropolis, 1 Courthouse Lane, unit 2312, apartment, passed in at $775,000
Henderson, 16 Frank Evans Place, unit 1, cross-leased townhouse, no bid
Pt Chevalier, 209A Pt Chevalier Rd, cross-leased unit, sold for $764,000

Bayleys Wednesday Total Property commercial:

205 Federal St, unit R1, passed in at $475,000
23 Whitaker Place, units 110 & 111, sold for $150,000
Mid-City, 239 Queen St, unit 2A, no bid
105 Symonds St, shop 5, Nata Portuguese Bakery, passed in at $500,000
105 Symonds St, shop 9, laundromat, passed in at $350,000
105 Symonds St, shop 11, The Corner Café, passed in at $500,000
103-105 Symonds St, unit 15, Anytime Fitness, withdrawn from auction
Onehunga, 106 Beachcroft Avenue, sold vacant for $1.505 million
Onehunga, 255 Onehunga Mall, sold for $2.21 million
Otahuhu, 121 Church St, declared reserve of $800,000, sold prior for $933,000
Panmure, 141-157 Queens Rd, no bid, Mark Pittaway
Penrose, 419B Church St East, passed in after vendor bid at $3.7 million
Morningside, 4 Taylors Rd, sold vacant for $2.9 million
Pt Chevalier, 1191 Great North Rd, sold for $155 million
Birkenhead, 268 Onewa Rd, unit 10A, withdrawn from auction
Torbay, 934 Beach Rd, sold for $1.8 million

Warkworth, stage 3 of the Grange, 67 Auckland Rd:
Unit 5A, Cizzlin, sold for $1.005 million at a 6.47% yield
Unit 13B, The Grange Bakery, sold for $560,000 at a 5.34% yield
Unit 11, Fish Nets, sold for $565,000 at a 5.48% yield
Unit 14, Green Bay Fruit & Veg, passed in after vendor bid at $1.25 million
Unit 22, Cross Gate Variety Store, withdrawn from auction

Henderson, 349 Great North Rd, sold for $1.045 million
Henderson, Lincoln North shopping centre, 192 Lincoln Rd, unit B4, sold for $465,000
East Tamaki, 12 Amera Place, unit 5, passed in at $900,000
East Tamaki, 9-11 Nandina Avenue, sold for $2.86 million
Howick, 8-14 Moore St, passed in at $2.11 million
Manukau, 792 Great South Rd, unit 6, passed in at $750,000
Papatoetoe, 52-58A St George St, no bid
Pukekohe, 1722 & 1748 Buckland Rd, no bid
Napier, 359 Marine Parade, sold for $3.75 million
Whitianga, 17 Monk St, sold for $1.03 million

City Sales Wednesday:

Eden Apartments, 32 Eden Crescent, unit 10D, sold prior
96 on Symonds, 96 Symonds St, unit 101, passed in at $321,000
Connaught, 14 Waterloo Quadrant, unit 4K, sold for $340,500
CityZone, 11 Liverpool St, unit 1107, passed in at $340,000
Grey Lynn, 33 Mackelvie St, unit 1C, passed in at $410,000

Colliers Wednesday:

Takanini, 9 Walters Rd, sold vacant for $1.2 million

Attribution: Auctions.

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4 sell among offering of conversion, mix, sections & apartment

Barfoot & Thompson’s residential auction yesterday offered buyers a house converted into flats, a mix of commercial & apartments in one property, bare sections on the west of the isthmus and a Beaumont Quarter apartment. 4 of the 7 different offerings were sold.

Isthmus east

Orakei

27 Ngaiwi St:
Features: 807m² section, 4-bedroom house converted into 2 flats; 3 bathrooms, conservatory, study, 2 sunrooms, 3 carports, 6 offstreet parking spaces
Income assessment: $980/week current
Outcome: sold for $2.61 million
Agent: Philip Oldham

St Heliers

14 Maheke St:
Features: 304m² site, 412m² floor area on 3 levels, semi-commercial in mixed-used business 2 commercial 2 zone, 5 tenants; ground floor, Bay Audiology & professional offices, tandem parking + offstreet parking; level 2, apartment with decks, currently divided into 2 one-bedroom flats; level 2, 3-bedroom apartment, deck
Rent: 3 weekly residential tenancies totalling $1385/week, plus 2 commercial tenancies totalling $41,996/year + gst
Outcome: no bid
Agents: Lynette Boyd & Mark Peterson

Isthmus west

Avondale

44 Avondale Rd:
Features: 766m² section, house demolished, zoned residential 6A, mixed housing suburban under proposed unitary plan
Outcome: sold for $1 million at $1305/m² land
Agents: Anna Lechtchinski & Aken Yuan

Blockhouse Bay

397 Blockhouse Bay Rd, unit 3:
Features: 2-bedroom unit, carport
Outcome: passed in
Agents: Antony Dai & Lily Chen

Freemans Bay

Beaumont Quarter, 16E Fisher Pt Drive:
Features: 3-bedroom apartment, study, balcony, secure parking space
Outcome: passed in
Agents: Trevor Edwards & Jacinta Kerrigan

Mt Roskill

58A Ellis Avenue:
Features: 396m² section, new title pending
Outcome: sold for $637,000 at $1609/m² land
Agents: Aken Yuan & Shanthi Radha Krishnan

Sandringham

28 Locarno Avenue, unit 2:
Features: 2-bedroom unit, backyard, offstreet parking space
Outcome: sold for $496,000
Agent: Kelly Zhang

Attribution: Auctions.

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Antipodean brings an unusual mix to Beach Rd

As more development attention is paid to the foot of Anzac Avenue & Beach Rd, on the eastern fringe of Auckland’s cbd, Paul Doole has brought an unusual mix of units in his Antipodean Apartments project.

Even before Barfoot & Thompson Projects launched its marketing campaign at the weekend, 20 of the 161 apartments had contracts on them.

The property is on freehold land at 39 Beach Rd, across the road from the leasehold Scene 3, so upper levels of the 50m building will have an unobstructed view to the harbour over the Scene units on Quay Park, where there’s a 30m height limit.

One-third of the units in the development are “up-&-over” maisonettes, apartments on 2 levels with a bedroom on each level and living space on the upper level. A separate one-bedroom unit slots into the rest of the space on the lower level.

A feature right across the 65m-wide building is that all apartments will have wide frontages, all with balconies. Internal sizes range from 32m² studios and 41m² one-bedroom units through 64m² for some one-bedroom units, 81-85m² for single-level 2-bedroom units, 90m² for the maisonettes, up to a small selection of 126m² 3-bedroom units. Balconies will range from 6m² for the studios up to 49m² on some of the upper-level maisonettes.

The units are priced in a range of $10-15,000/m² plus parking, with 2.7m stud heights throughout. A quick word from Mr Doole as he passed through the display suite on Friday was enough to get the impression that quality fitouts will mean precisely that: “The old state house stud height was 2.4m.” In other words, no, he is not building the same as everybody else.

Like Mr Doole’s other developments, notably the Connaught on Waterloo Quadrant, the design by architect Paul Brown has an art deco finish. An “owners’ pavilion” out the back contains the 20m lap pool & sauna.

Barfoot & Thompson Projects manager Matt Baird some studios were priced at $370,000. Above that, the range was $450,000-2 million, $90,000 for single parking spaces & $135,000 for tandem.

Attribution: Interview.

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Updated: Propbd on Q W7Oct15 – auctions at Barfoots, Bayleys & Colliers

Barfoots has a quiet day – 47 residential properties auctioned
West Harbour apartment sells
Updated: Strong yields in Browns Bay & Hamilton at Colliers auction

5.15pm:
Barfoots has a quiet day – 47 residential properties auctioned

Barfoot & Thompson had a quieter Wednesday in the auctionroom today than it’s had for months –smaller crowds, mostly light bidding – but still took 47 residential properties to auction and sold 19 of them (16 sales recorded below).

Through the normally quiet late winter-early spring months, the agency has operated with 2 auctionrooms every Wednesday morning & afternoon – up to 80 properties – with other auctions conducted during the rest of the week.

The list below includes 32 of the properties auctioned, those that are more intensively developed – cbd apartments, a few outside the core cbd, suburban units, cross-leased properties and a couple of properties likely to be valued more for their development potential. Auction results:

St Heliers, 33 Challenger St, cross-lease, half share in 802m², passed in, sold post-auction, Helen Clelland & Teresa Weiss
23-25 St Benedicts St, passed in, Jill Jackson & Emma John, 2 dwellings – art studio/workroom, art gallery/showroom & 3 secure garages on 435m²
St Heliers, 10 Harvey Place, unit 1, cross-lease, half share in 1113m², sold for $1.06 million, Karin Cooper
Royal Oak, 22A Erson Avenue, cross-lease, half share in 836m², sold for $860,000, Winnie Groom
Ellerslie, 8 Ballin St, unit 4, cross-lease, quarter share in 1123m², no bid, Steve Hood
Remuera, 139B Bassett Rd, cross-lease, one-third share in 915m², passed in, Jack Pecsy
St Heliers, 15 Bermuda Rd, unit 3, cross-lease, one-quarter share in 928m², sold for $560,000, Zdenka Zinajic
Orakei, 138 Kepa Rd, 751m² vacant site, no bid, Veronica Schoonraad
Mission Bay, 82 Patteson Avenue, house + 3 2-bedroom terrace units with exclusive carports, passed in at $3.4 million, Paul Neshausen
Ellerslie, 2 Cawley St, unit 43, sold for $645,000, Oscar Ramirez
Panmure, 5 Suda Place, ex-state house on 847m² section backing onto reserve, sold for $830,000, Sam Bowen
Otahuhu, 79 Walmsley Rd, passed in at $680,000, Tony Bender & Rain Diao
Onehunga, 166 Grey St, unit 5, cross-lease, one-eighth share in 1535m², passed in, Jane Wang & Dragon Zhou
Westgate, 17 Alloway St, 536m² section, auction postponed, Lawrence Yuan
Hobson Gardens, 205 Hobson St, unit 3K, passed in at $560,000, Stephen Shin & Yasu Ka
Wiltshire, 89 Victoria St West, unit 5B, sold for $401,000, Fiona Lee
The Landings, 8 Ronayne St, unit 603, leasehold with remedial issues, sold for $140,000, Wendy Feng & Jack Li
CityLife, 171 Queen St, unit 1005, passed in at $370,000, Stephen Shin & Yasu Ka
Grafton, Bridgeside, 127 Grafton Rd, unit 3F, auction brought forward, sold at offer of $450,000, Amanda Morrison
CityLife, 171 Queen St, unit 1002, sold prior, Rico Zhao
Newmarket, 9 Sarawia St, unit 206, sold prior, Sarah Garlick & Estee Zeng
Freemans Bay, 62 Wellington St, unit 5, sold for $846,000, Matt O’Rourke & Ryan Harding
Epsom, 593 Manukau Rd, unit 3, cross-lease, one-quarter share in 1037m², sold for $780,000, Ann Mushet
Avondale, 1702 Great North Rd, cross-lease, half share in 883m², sold for $775,000, Anna Lechtchinski
Epsom, 259 Manukau Rd, unit 1, cross-lease, one-third share in 1232m², no bid, George Fong & Laura McAuley
Epsom, 1B Crescent Rd, cross-lease, half share in 1052m², no bid, Diana Buczkowski & Kathy Bower
Grey Lynn, 2 Dickens St, unit 2E, apartment, no bid, Felicity & Thornton Scott
Epsom, 8 Atherton Rd, unit 3, cross-lease, one-quarter share in 1188m², sold for $1.05 million, James Taylor
Mt Eden, 60 Grange Rd, unit 3, no bid, Helen Gu & Lillian Bai
Three Kings, 874A Mt Eden Rd, 2 2-bedroom units on 2210m² site, no bid, George Fong & Judy Xu
Avondale, 1710 Great North Rd, 7-bedroom home converted into 5 flats on 1011m² section, sold for $1.25 million, Anna Lechtchinski
Blockhouse Bay, 31 Shoreham St, unit 2, cross-lease, one-third share in 2160m², no bid, Malcolm Key

West Harbour apartment sells

The solitary apartment at Bayleys’ residential auction today was sold under the hammer. Auction result:

West Harbour, 9P Clearwater Cove, apartment sold for $625,000, Terry & Janet Jones

Updated: Strong yields in Browns Bay & Hamilton at Colliers auction

A Browns Bay beachfront property was sold at Colliers’ auction today at a 4% yield on passing rent, 4.6% on potential. It has 12 tenants in 3 buildings running through from Clyde Rd to the beachfront reserve.

The one other property to sell, in Hamilton’s cbd, sold at a 6.2% yield. A third property in Mairangi Bay sold post-auction. Auction results:

Browns Bay, 77-85 Clyde Rd, sold for $6.45 million at a 4% yield on passing rent, 4.6% on potential rent, Janet Marshall, Euan Stratton & Ellie Martin
Hamilton, 411-415 Victoria St, sold for $1.865 million at a 6.2% yield, Mark Brunton & Justin Oliver
Taupo, 7 & 11 Ashwood Avenue and 107 Claret Ash Drive, passed in after $925,000 top bid & $1 million vendor bid, Justin Oliver & Mark Brunton
Palmerston North, 3-15 Donnington St, passed in at $5.67 million, Doug Russell & Charlie Oscroft
Palmerston North, 4 Victoria St, passed in at $1.62 million, Doug Russell & Phil Nevill
Mairangi Bay, 75 Corinthian Drive, unit A1, passed in at $400,000, sold post-auction for $525,000, Janet Marshall & Nick Recordon
East Tamaki, 42 Ormiston Rd, unit 7, withdrawn from auction, Jolyon Thomson & Andrew Hooper

Attribution: Auctions.

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14 units & cross-leases sell at Barfoots

14 apartments, townhouses & cross-leased homes were sold through Barfoot & Thompson’s auctions on Wednesday, including units sold prior and one sold post-auction. Details of outcomes are missing from some of the properties listed below.

One commercial property up for auction was passed in (see item at foot).

CBD

Federal St

Federal, 207 Federal St, unit 1402:
Features: 61m², 2 bedrooms
Income assessment: $580/week
Outcome: sold
Agents: Stephen Shin & Yasu Ka

Learning Quarter

The Statesman, 1 Parliament St, unit 1011:
Features: studio, balcony
Outgoings: rates $1225/year including gst; body corp levy $2651/year
Outcome: sold for $350,000
Agent: Selina Zheng

Forte, 37 Symonds St, unit 301:
Features: one bedroom
Outgoings: rates $965/year including gst; body corp levy $2140/year
Outcome: sold
Agents: Selina Zheng & Annie Xu

The Connaught, 14 Waterloo Quadrant, unit 3F:
Features: 76m², 2 bedrooms, balcony, parking space
Outcome: sold prior
Agent: Stephen Shin

Queen St

CityLife, 171 Queen St, unit 2205:
Features: 48m², fully furnished one bedroom, air-conditioned, balcony, not in hotel pool
Outcome: sold prior
Agents: Estee Zeng & Sarah Garlick

Uptown

132 Vincent St, unit 5D:
Features: 73m², 2 bedrooms
Outgoings: body corp levy $4556/year
Outcome: sold for $600,000
Agents: Aaron Cook & Betty Shao

Dynasty Gardens, 135 Vincent St, unit 1006:
Features: 2 bedrooms, parking space
Outgoings: body corp levy $3600/year
Outcome: sold
Agents: Stephen Shin & Kevin Miao

Victoria Quarter

H47, 47 Hobson St, unit 208:
Features: one bedroom, secure parking space, storage locker
Outgoings: rates $1484/year including gst; body corp levy $4454/year
Outcome: no bid
Agents: Aken Yuan & Wayne Zhang

Heritage Tower, 22 Nelson St, unit 406:
Features: 70m², one-bedroom apartment, balcony, secure parking space
Outgoings: body corp levy $3203/year
Outcome: passed in
Agents: Aaron Cook & Betty Shao

Isthmus east

Epsom

Manukau Court, 294 Manukau Rd:
Features: leasehold, 1940s art deco 2-bedroom unit, single carport
Outgoings: body corp levy including ground lease $12,350/year
Outcome: no bid
Agent: Raymond Lei

Greenlane

8 Tawera Rd, unit 4:
Features: renovated 2-bedroom unit, offstreet parking
Outcome: no bid
Agents: Sheba Soundararajan & Soundhar Thiruppathi

Mission Bay

29 Dudley Rd, unit 2:
Features: cross-leased, one third of 809m², 2 bedrooms, parking space
Outcome: sold for $726,000
Agent: Alex Baker

Mt Wellington

8A McDonald Crescent, unit 2:
Features: cross-leased, quarter share of 1108m², brick & tile unit, 2 bedrooms, private backyard, carport
Outcome: sold for $535,000
Agents: Jane Wang & Dragon Zhou

Panmure

50 Pilkington Rd, unit 9:
Features: cross-leased, one-11th share of 2061m², renovated unit, 2 bedrooms, single lockup garage
Outcome: passed in
Agent: Zane Munif

Remuera

39 Ascot Avenue:
Features: cross-leased, half share of 1113m², 3 bedrooms, carport, offstreet parking
Outcome: sold for $1.29 million
Agents: Julia Nah & Nicholas Lyus

5 & 5A Garden Rd:
Features: cross-leased 1032m², half share each, 4-bedroom home structured as 2 apartments, 2 bathrooms each, 4 parking spaces
Outcome: passed in at $3 million
Agent: Kathy Bower

32A Maungarei Rd, unit 2:
Features: cross-leased, one-third of 1222m², 2 bedrooms, 2 bathrooms, study, internal-access garage
Outcome: no bid
Agent: Dennis Dunford

Dunholme, 186 Remuera Rd, unit 7:
Features: 140m², 2-bedroom ground-floor apartment, 2 bathrooms, 2 garage spaces
Outgoings: body corp levy $7681/year
Outcome: sold for $1.6 million
Agent: Andrew McAlpine

St Johns Park

33 Coldham Crescent:
Features: cross-leased, half share of 965m², 3 bedrooms, deck, patio, double garage + offstreet parking
Outcome: sold for $1.16 million
Agent: Brett Innes

Stonefields

47 Scoria Crescent:
Features: 277m² section, 207m² 3-bedroom terrace, 2 bathrooms, separate lounge, garage, offstreet parking
Outcome: sold for $1.135 million
Agent: Kelly Midwood

Isthmus west

Eden Terrace

Memphis, 7 Charlotte St, unit 1D:
Features: one bedroom, secure parking space
Outgoings: body corp levy $2900/year
Outcome: passed in
Agents: Alex Allan & Rita Herceg

Grey Lynn

24 Westmoreland St, unit 14:
Features: 3-bedroom townhouse, 2 bathrooms, 2 living rooms, internal access garage
Outgoings: body corp levy $1674/year
Outcome: passed in
Agents: Estee Zeng & Sarah Garlick

North-west

New Lynn

1 Briar Way, unit 14:
Features: 3 bedrooms, 2 bathrooms, deck, fenced garden, internal-access garage
Outcome: sold post-auction
Agent: Wayne Zhang

17 Crown Lynn Place, unit 3F:
Features: 40m², one-bedroom apartment, balcony, exclusive parking space , building refurbished with new code compliance certificate
Income assessment: $360/week current
Outcome: passed in
Agents: Aken Yuan & Michelle Zhou

Commercial

Isthmus west

Mt Albert

43A Linwood Avenue, unit 7A:
Features: 391m² industrial unit – warehouse 346m², office 45m², 4 parking spaces
Outgoings: body corp levy $3951/year
Outcome: passed in
Agents: Chris Peterson & Mike Jensen

Attribution: Auctions.

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Updated: Propbd on Q W12Aug15 – 51 auction results

5.30pm:
51 auction results

There you go – 51 auction results from 7 auctions at 3 agencies. Sometime between now & Friday morning I’ll add detail to some of them (Total Property certainly, also Colliers, see how I go for the apartments).

Auctions – results live as I write them

Let’s do something different today – write live directly on to the website. It’s not completely live – the auctions I’m writing about post-4pm have all happened – but you’ll see the page updated (in bites) as I go instead of waiting until it’s all completed.

I’ll start with the single property auctioned at Colliers, then work up the page through Bayleys Total Property followed by apartments, and last, Barfoot & Thompson’s phenomenal offering of 87 properties + 12 sold prior.

I’ll write about only a handful of those Barfoots properties – apartments, suburban units or residential properties where the land value seems primary.

Let me know if you track the information as it unfolds, and if you like it or not (click the comments at the foot).

Barfoot & Thompson – 4 auction rooms in the seasonal downturn!

Room 2 at 1.30pm:

Epsom, 11 Cornwall Park Avenue, unit 4, sold for $804,000, Chase Liu & Jane Zeng
Mt Eden, 35 Brixton Rd, unit 3, sold for $711,000, Cheryl Martin
Mt Albert, 35 St Lukes Rd, unit 7, sold for $510,000, Cheryl Martin
Avondale, 101 Ash St, unit 2, sold for $528,000, Daisy Hu

Room 1 at 1.30pm:

Epsom, 15 Golf Rd, villa on 2278m², passed in, Vern Hines & Sara Knight
Epsom, 2A Hollywood Avenue, a bungalow, sold for $1.37 million, Paul Donovan & Sharon Walls
Mt Roskill, 58A Ellis Avenue, 396m² section, passed in, Aken Yuan & Shanthi Radha Krishnan
Epsom, 66B St Andrews Rd, new 5-bedroom home, sold for $2.075 million, George Fong & Laura McAuley
Epsom, 66A St Andrews Rd, new 5-bedroom home, sold for $1.98 million, George Fong & Laura McAuley
Epsom, 69 Almorah Rd, lots 5, 6 & 7, sections of 567, 614 & 741m², all offered separately and all passed in, Lance Pemberton
Parnell, 431 Parnell Rd, unit 301, sold for $1.61 million, Paul Donovan & Sharon Walls
Blockhouse Bay, 75 Taylor St, unit 2, passed in at $575,000, Alex Wu

Room 2 at 10.30am:

Glen Innes, 179 West Tamaki Rd, ex-state 3-bedroom house on 837m² section, sold for $1.155 million, Jennie James
Panmure, 14 Cleary Rd, unit 5, auction postponed a week, Peter Wu

Room 1 at 10.30am:

Panmure, 52 Jellicoe Rd, unit 3, sold for $660,000, sales agent Rain Diao
Meadowbank, 107 Gowing Drive, unit 1, sold for $805,000, Paula Kane
Epsom, 11 Bracken Drive, 4 2-bedroom units + 6 one-bedroom units, each with a covered parking space, passed in, Leila & David MacDonald
Parnell, 10 Fox St, unit 403, passed in, Alex Shin & Cheryl Burgess
Quay Regency, 148 Quay St, unit 7F, sold for $492,000, Sarah Garlick
176 Broadway, unit C301, sold for $612,000, Livia Li
Hobson Gardens, 205 Hobson St, unit 3J, no bid, Stephen & Leo Shin
The Federal, 207 Federal St, unit 1504, passed in, Casey Chen
The Connaught, 14 Waterloo Quadrant, unit 7G, sold prior, Estee Zeng & Sarah Garlick
Auckland Harbour Oaks, 16 Gore St, unit 28F, sold prior, Jason Buckwell
Quest on Queen, 62 Queen St, unit 6E, sold prior, Selina Zheng & Tommy Zhang

Bayleys apartments – 2 (and a lovely Coromandel beachfront commercial + apartment):

Heritage Farmers, 35 Hobson St, unit 328, studio, sold for $180,000, agent Luke McCaw
CityLife, 171 Queen St, unit 611, sold for $341.000, Luke McCaw
Whitianga, 20 The Esplanade, sold for $1.9 million + gst, agents Bev Calder & Sheree Anderson (On Fire restaurant downstairs, 4-bedroom apartment upstairs)

Bayleys Total Property – 22 commercial properties:

Blockhouse Bay, 115 Boundary Rd, sold for $3.09 million, Tony Chaudhary & Janak Darji
Papatoetoe, 2 Sutton Crescent, sold for $1.25 million, Nick Bayley & Geoff Wyatt
Pakuranga, 43 Ben Lomond Crescent, sold for $3.33 million, Dave Stanley
Dargaville, 76 Victoria St, sold for $1.125 million, Ross Blomfield
Epsom, 311 Manukau Rd, sold for $3.025 million, Mark Pittaway
Manukau, 132 Cavendish Drive, unit 4, passed in at $910,000, Katie Wu & John Bolton
Onehunga, 107 Neilson St, sold for $2.8 million, Quinn Ngo & James Chan
Howick, 186 Ridge Rd, sold for $1.6 million, Mark Pittaway & Tony Chaudhary
Ponsonby, 88 College Hill, passed in at $1.825 million, Stephen Scott & Trisha Vincent
St Heliers, 29 St Heliers Bay Rd, sold for $3.19 million, Tony Chaudhary & Janak Darji
Wairau Valley, 6 Croftfield Lane, sold for $1.875 million, Owen Ding & Terry Kim
Mt Eden, 45C Normanby Rd, unit 13, no bid, Stuart Bode
Mt Eden, 35A Normanby Rd, unit 14, sold for $884,000, Stuart Bode
Glen Eden, 355 West Coast Rd, sold for $1.8 million, Mike Adams & Stuart Bode
Browns Bay, 8-12 Clyde Rd, sold for $5.212 million, Ranjan Unka & Brian Caldwell
Albany, 59 Apollo Drive, unit G2, sold for $1.7 million, Michael Nees & Simon Aldridge
Manurewa, 185 Great South Rd, unit M, sold for $620,000, Tony Chaudhary & Piyush Kumar
Murrays Bay, 470 Beach Rd, passed in at $2.45 million, Tony Chaudhary & Damian Stephen
Papakura, 64 Boundary Rd, passed in at $2.55 million, Shane Snijder & Peter Migounoff
Mt Albert, 4 Mt Albert Rd, no bid, Murray Savage
Manukau, 14 Aerovista Place, sold for $1.085 million, Dave Stanley & Nick Bayley
Albany, 28 The Avenue, unit 3, no bid, Janak Darji & Simon Aldridge

Colliers – one commercial property:

Milford, 3 Milford Rd, passed in at $2.5 million on a 4.8% yield, agents Janet Marshall & Euan Stratton.

Attribution: Auctions.

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Propbd on Q W22July15 – Commercial & apartment auction results from Colliers, B&T, City Sales & Bayleys

6 commercial properties sell at Colliers
Suburban unit sells at Barfoot & Thompson, cbd apartment passed in
All 4 apartments & townhouse site sell at City Sales
4 apartments sell at Bayleys

5pm:
6 commercial properties sell at Colliers

5 of the 6 commercial properties taken to auction at Colliers International today were sold under the hammer, another was sold prior and the last property on the auction list was withdrawn. Auction results:

Otahuhu, 192 James Fletcher Drive, sold for $3.19 million, sales agents Paul Higgins & Dwayne Warby
Epsom, 409 Manukau Rd, passed in at $2.55 million, John Davies & Kris Ongley
East Tamaki, 23 Ra Ora Drive, sold for $2.2 million, Jolyon Thomson & Paul Higgins
New Lynn, 16 Bentinck St, sold for $921,000, Dhiru Patel
Mt Wellington, 39B Mt Wellington Highway (Warehouse Stationery), sold for $2.36 million, Charlie Oscroft & Alan Pracy
Mt Wellington, 39C Mt Wellington Highway (Bedpost), sold for $1.425 million, Charlie Oscroft & Alan Pracy
Hamilton, 13, 17 & 22 Norrie Avenue, sold prior for $3.55 million, Mark Brunton & Andrew Hooper
Onehunga, 19-23 Hill St & 4 Newsome St, withdrawn from auction, Ben Herlihy & Hamish West

Suburban unit sells at Barfoot & Thompson, cbd apartment passed in

A suburban unit was sold under the hammer at Barfoot & Thompson’s auction today and a cbd apartment sold prior, but a Grey Lynn commercial building and another cbd apartment were passed in. Auction results:

Grey Lynn, 36 Monmouth St, commercial building, passed in, David Palmer & John Stringer
Meadowbank, 37A Fancourt St, residential unit, sold for $861,000, Louise Barnsley
CBD, Bianco off Queen, 2 White St, unit 8F, apartment with parking space, passed in, Stephen & Leo Shin
CBD, Tower Hill, 1 Emily Place, unit 5A, apartment with parking space, sold prior, Johnson Chen & Richard Han

All 4 apartments & townhouse site sell at City Sales

All 4 cbd apartments and a townhouse site in Remuera were sold under the hammer at City Sales’ auction today. Auction results:

Heritage Farmers, 35 Hobson St, unit 733, sold for $282,000, Georgia Featherstone
Romano, 75 Anzac Avenue, unit 1H, sold for $380,000, Habeeb Urrahman
Harbour Green, 11 Union St, unit 203, sold for $385,000, Steve Kirk
The Docks, 6 Dockside Lane, unit 149, leasehold, sold for $135,000, Georgia Featherstone
Remuera, 17 Ascot Avenue, unit 3, townhouse site, sold for $790,000, Gene Lim

4 apartments sell at Bayleys

4 apartments were sold under the hammer and a large waterfront property on Mataka Station, on the north side of the Bay of Islands, was passed in without a bid at Bayleys’ auction today. Auction results:

Devonport, 93 Vauxhall Rd, unit 14, apartment on cross-lease, sold for $545,000, Jennifer Keenan
Bay of Islands, Mataka Station, lot 3, 47.7ha, no bid, Chester Rendell & Esmae Farrington
14 Emily Place, unit 7B, sold for $1.121 million, Diane Jackson & Julie Prince
Heritage Tower, 22 Nelson St, unit 614, sold for $412,000
Heritage Farmers, 35 Hobson St, unit 513, sold for $300,000, Dave Hamlyn

Attribution: Auctions.

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

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

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

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

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

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

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

Commercial

South

Pakuranga Heights

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

Apartments & suburban units

CBD

Queen St

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

Uptown

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

Victoria Quarter

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

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

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

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

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

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

Isthmus east

Epsom

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

Parnell

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

Stonefields

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

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

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

Isthmus west

Ponsonby

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

Cross-leased residential

Isthmus east

Glendowie

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

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

Orakei

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

St Heliers

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

Isthmus west

Mt Albert

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

Mt Eden

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

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

Ponsonby

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

Pt Chevalier

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

North-west

Glendene

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

Attribution: Auctions.

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Propbd on Q W15July15 – Commercial & apartment auction results from Barfoots, Colliers & Bayleys

Barfoot auction results
2 sell at Colliers auction
Boardinghouse sells

8am:
Barfoot auction results

Barfoot & Thompson had 69 properties on its auction list yesterday, including 13 sold before the auction and one property withdrawn.

One commercial property was sold under the hammer, as were 8 of the 15 cbd apartments & suburban units (flats, apartments, townhouses). Another 2 apartments were sold prior. I’ve also listed the 9 cross-leased properties up for sale at the auction, mostly with a house on them, of which 7 sold under the hammer. The rest of the properties on offer were standalone houses.

The list below is in short form – a more detailed version will follow. Auction results:

Commercial

Pakuranga Heights, 15 Rylock Place, standalone industrial property, sold for $690,000, sales agent David Sylvester

Apartments & suburban units

Parnell, 28 Balfour Rd, unit 202, no bid, Cindy Yu & Bobby McMillan
Epsom, 30 Kimberley Rd, unit 2, sold for $505,000, Sam Qin
Stonefields, 203 Bluegrey Avenue, unit 4, no bid, Thomas Weber
Zest, 72 Nelson St, unit 1018, sold for $350,000, Selina Zheng & Annie Xu
Stonefields, 4 Bluegrey Avenue, unit 206, sold for $591,000, Thomas & Helen Weber
Harvard, 147 Hobson St, unit 4D, sold for $295,000, Wendy Feng & Jack Li
Stonefields, 4 Bluegrey Avenue, unit 207, sold for $598,000, Thomas & Helen Weber
Zest, 72 Nelson St, unit 1109, sold for $315,000, Wendy Feng & Jack Li
31 Day St, unit 1A, no bid, Stephen & Leo Shin
SugarTree, 27 Union St, unit 116, sold for $780,000, Aaron Cook & Betty Shao
146 Fanshawe St, unit 48, sold prior, Selina Zheng & Annie Xu
Kingsbridge, 72 Wellesley St, unit 1i, passed in, Alex Wu
Ponsonby, 221B Ponsonby Rd, sold for $1.66 million, Carl Madsen
Mt Eden, 3 Raleigh St, passed in, Jo Peck
Portland Towers, 62 Queen St, unit 7B, sold for $300,000 at pre-auction on Tuesday, Stephen Chin

Cross-leased residential

Ponsonby, 207 Ponsonby Rd, unit 2, sold for $1.05 million, David Dowse
St Heliers, 52 Bay Rd, unit 2, sold for $1.1 million, Teresa Weiss
Kohimarama, 20 Hawera Rd, unit 1, sold for $915,500, Lynette Boyd
Glendowie, 203 Riddell Rd, unit 3, sold for $678,000, Karin Cooper
Orakei, 96 Kurahaupo St, full site with cross-leasing in place, sold for $1.92 million, Nick Traviglia
Glendene, 3 Ian Place, unit 2, sold for $563,000, Jennifer Peary
Mt Eden, 22 Kensington Avenue, unit 2, passed in, Derek Helliwell & Cathy Giles
Mt Albert, 36 Margaret Avenue, unit 3, passed in, Lucia Pereira & Colin Weatherall
Pt Chevalier, 12 Wainui Avenue, unit 3, sold for $745,000, George Damiris & Bruce Murtagh

2 sell at Colliers auction

A North Harbour industrial unit and a New Lynn shop were sold under the hammer at Colliers International’s auction today. Auction results:

North Harbour, 8 Henry Rose Place, unit B2, sold for $448,000, sales agents Euan Stratton & Deborah Dowling
New Lynn, 3115 Great North Rd, shop 4, unit E, passed in at $425,000, sold shortly after auction for $435,000, Michael Bray & Brad Visser
CBD, 4 Kingston St, 4 floors including penthouse, withdrawn from auction, Jasmine Yao & Tony Allsop

Boardinghouse sells

The Mt Albert Guest House was sold under the hammer at Bayleys’ auction yesterday. Auction result:

Mt Albert, 4 Alexis Avenue, 31-room boardinghouse, sold for $2.87 million, sales agents Paul Dixon & Duncan Ritchie

Attribution: Auctions.

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