Archive | Harcourts

North takes auctioneer title again and Steele best of the newbies

Harcourts auctioneer Andrew North (left in photo) won his third national Real Estate Institute auction competition this week, repeating his successes of 2013 & 2015, and will represent New Zealand in the Australasian auctioneers competition, which he won in 2014.

Sam Steele (right in photo), of Harcourts Four Seasons Realty Ltd in Christchurch, won the Rising Stars competition.

2 other Harcourts auctioneers, Robert Tulp & Aaron Davis, were finalists in the senior competition, along with former winner Daniel Coulson of Bayleys. Mr Coulson spent 3 years at Harcourts before moving in 2011 to Bayleys, where he’s now national residential manager as well as its main auctioneer.

Mr North, a 30% shareholder in North Shore agency Cooper & Co Real Estate Ltd and auctioneer for 16 years, has made the competition final 10 times out of 11 attempts. He puts in hours of preparation every time he competes, practising timing and fast & complex calculations: “A competition auction is the most challenging & stressful auction you will ever experience. Over the years I’ve learnt to take everything in my stride. I know the rules inside & out and there is not much that fazes me anymore. Competing has made me a better auctioneer.”

Rising Stars contestants must have called fewer than 10 auctions in their career. Mr Steele, who’s competed internationally as a track cyclist, joined Harcourts on a scholarship 3 years ago said he used the discipline he learnt as a sportsman in his auction calling: “I’m used to being nervous & under pressure. It’s about channelling that energy into your performance.” He’s also mentored by the legendary Christchurch auctioneer Phil McGoldrick and attends bi-weekly sessions with other Harcourts auctioneers in the city to practise drills.

Harcourts chief executive Chris Kennedy said he was immensely proud of both champions: “At Harcourts, we put a lot of time & effort into developing our auctioneers. Our more senior auctioneers work with up & comers to train & mentor them. There is a lot of cameraderie & support, and I’m pleased to say it’s working. We receive more industry recognition awards nationally & internationally than any other real estate group in New Zealand.”

Attribution: Agency release, online searches.

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Christchurch agent tops Harcourts globally

Cameron Bailey, based at Harcourts Gold Realty Ltd’s Papanui office in Christchurch, was named the agency’s No 1 consultant internationally at the end of its conference in Auckland last week. Harcourts operates in 10 countries.

The honour followed 3 consecutive years at No 2 internationally for Mr Bailey, who was also named New Zealand’s top sales consultant and top auction/tender lister nationally.

He said his rise to the top was an extremely satisfying reward for himself & his team after an immense amount of hard work & dedication: “It’s not really about the past year, it’s about the past 11 years of hard work. It’s really pleasing to have those long hours pay off with making it to number one.

“I think the key is having a great team, and understanding that real estate is a lifestyle and not just a job. I love Christchurch and know every corner of it. A genuine love of the area & the people who live here helps me do the very best for my clients.”

Gold Real Estate’s Papanui office was also named Harcourts’ No 1 office internationally.

Harcourts NZ chief executive Chris Kennedy said Mr Bailey got about 80% of his business through referrals or repeat customers: “That’s a sign of someone who understands how to put people first and achieve for them the very best results. Cameron Bailey is what Harcourts is all about. He’s been our top sales consultant in Christchurch for the past 4 years for good reason.”

Image above: Cameron Bailey (left) with Harcourts International managing director Mike Green.

Attribution: Company release.

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Kiwis open Harcourts branch in Dubai

Margaret & Trevor Lyall.

Margaret & Trevor Lyall.

New Zealand real estate agents Trevor & Margaret Lyall have opened Harcourts Real Estate Group’s first office in the United Arab Emirates.

The Dubai office, opened on 1 October, is owned by the former Harcourts Wairoa husband & wife team, son-in-law Mohammad (Moe) Abeidat, a Jordanian-Canadian, and local Emirati businessman Mohammed Salem Al Shamsi.

Mr Lyall said: “Having worked under the Harcourts brand in the past, it was a natural fit for us to align ourselves with Harcourts in Dubai.”

The Lyalls have been selling real estate since 1999 and set up their own agency at Wairoa in 2007, then took on the Harcourts brand in 2010. They sold it in March ahead of the move to Dubai, “because we can’t resist a challenge and an adventure”.

Mr Lyall said part of the attraction in Dubai was that real estate represents 25% of gross domestic product and demand still outweighs supply, despite over 400,000 residential properties and 40-60,000 newly built units coming onto the market each year.

“The property market in Dubai is driven by demand for high quality apartments & villas, with a gradual shift in focus to meet an increased demand for more affordable housing for middle income earners.”

Mr Lyall graduated with a diploma in valuation & farm management in 1969 and spent over 20 years as a registered valuer, farm supervisor & manager with Lands & Survey and Landcorp in New Zealand, before shifting into the tourism industry and then real estate. He also worked for Foreign Affairs as an aid advisor in Papua New Guinea for 3 years and did property consultancy in Eastern Europe during the transition of ex-communist states to capitalism.

Attribution: Agency release.

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Cooper & his top agent lead Harcourts internationally

Real estate business Harcourts International has expanded into 7 other countries and has a total 780 offices & 5200 sales consultants, but New Zealand remains its champion performer.

Harcourts NZ chief executive Hayden Duncan said after its annual international conference, held in Australia this week, New Zealand was home to 4 of the top 5 Harcourts offices in the world, 7 of the top 10 sales consultants and had the top 5 franchises.

Matty Ma.

Matty Ma.

Martin Cooper’s Cooper & Co Real Estate Ltd, which has 12 residential sales offices & one commercial, mostly on the North Shore in Auckland, topped the franchise revenue figures, had the top individual sales consultant – Matty Ma, of its Albany office, winning for the third year in a row – and its Albany & Milford offices were ranked third & fourth top offices.

Harcourts Christchurch City, owned by Grenadier Real Estate Ltd, was crowned the best office in the world, just beating last year’s titleholder Papanui, owned by Gold Real Estate Group Ltd.

The Cooper & Co franchise made close to $2.2 billion in written sales in the 2014-15 financial year, with an average sale price of $814,481.

Owner Martin Cooper said his aim was to create an environment for success & excellence in all real estate services, and to have the best people in the team: “We constantly look at the business with the view that ‘better never stops’. Ultimately a company’s success is achieved on our customers’ experience, so this is always top of mind in our planning & actions.”

Its top performer, Ms Ma, migrated to New Zealand in 1996 and, through 7-day weeks & a single-minded focus on business, she’s achieved a remarkable $500 million in settled sales. She says her secret to success is to just be herself and “you have to have a vision and be disciplined. Be ethical and work with the team”.

Attribution: Company release.

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Propbd on Q Th02Apr15 – Apartment auctions at Ray White, Bayleys & Barfoots, Argosy settles sale

3 sell & 2 close at Ray White apartments auction
2 units sell at Bayleys
3 units sell at Barfoots auction
Argosy settles Waitakere sale

2.15pm:
3 sell & 2 close at Ray White apartments auction

3 apartments were sold under the hammer at Ray White City Apartments’ auction today, and the other 2 on the list went close. Negotiations were continuing on both. Auction results:

Aura, 53 Cook St, unit 1005, sold for $320,000, sales agent Dominic Worthington
Eden Terrace, Memphis, 4 Rendall Place, unit 2B, passed in at $370,000, Dusan Valenta
Heritage Tower, 22 Nelson St, unit 1012, sold for $250,000, Victor Liu
Forte, 37 Symonds St, unit 308, sold for $305,500, Lorraine Garnett
Nova en Scotia, 18 Scotia Place, unit 9A, passed in at $310,000, Mitch Agnew & Ryan Bridgman
Imperial Gardens, 135 Hobson St, units 102, 103 & 212, withdrawn from occupation again over issue with documentation, Victor Liu

2 units sell at Bayleys

A cbd apartment and a cross-leased suburban unit both sold under the hammer at Bayleys’ residential auction yesterday

Prince Albert, 41 Albert St, unit 3B, sold for $477,000, sales agents Julie Prince & Diane Jackson
St Heliers, 28 Shadwell Place, unit 2, cross-lease, sold for $608,000, Leila Morris & Paul Meyer
7 Emily Place, unit 1A, no bid, Diane Jackson & Julie Prince

3 units sell at Barfoots auction

3 apartments sold under the hammer at Barfoot & Thompson’s auction yesterday, while a fort attracted no bid. Auction results:

Mt Wellington, 9 Mountain Rd, unit 15, sold for $375,000, sales agents Margaret Johnston & Phyllis Brooks
Kiwi on Queen, 421 Queen St, unit 710, sold for $190,000, Alan Vessey & Romelle Smith
The Hobson, 196 Hobson St, unit 10B, sold for $910,000, Johnson Chen
Auckland City Oaks, 188 Hobson St, unit G10, no bid, Jason Buckwell

Argosy settles Waitakere sale

Argosy Property Ltd has settled its sale of the Waitakere Mega Centre, across the road from Westfield’s WestCity mall at Henderson, for $45.75 million. The integrated bulk retail centre, redeveloped in 2005-06, has a net lettable area of 18,027m² and 24 tenancies.

Earlier story:
3 August 2014: Argosy sells Waitakere Mega Centre

Attribution: Auctions, company release.

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Propbd on Q W1Apr15 (2) – Retirement village for Manukau golfcourse, both sell at City Sales, one strong sale and then…., Kiwi portfolio up 2.6%

Metlifecare to build retirement village on Manukau golfcourse
Both units sell at City Sales
A 5 percenter followed by 8 pass-ins
Kiwi Property portfolio up 2.6%

2.25pm:
Metlifecare to build retirement village on Manukau golfcourse

Fletcher Building Ltd subsidiary Fletcher Living has signed a conditional agreement to sell 5.5ha on the Manukau golfcourse to Metlifecare Ltd for a retirement village.

The land is at the north end of the golf course near Great South Rd. The agreement is conditional on Metlifecare undertaking due diligence and both parties obtaining any necessary consents & approvals.

Fletcher Living bought the course in 2013 and has consent to build 479 houses on it. The golf club has been developing a new course at Ardmore and is on track to have members playing there in September 2016.

The land acquisition is part of a proposed $175 million retirement village project by Metlifecare.

Both units sell at City Sales

Both apartments offered at City Sales today were sold under the hammer. The auction was reduced to 2 apartments after a Parnell unit was sold prior and a unit in the Aucklander was withdrawn. Auction results:

The Aucklander, 25 Rutland St, unit 7A, withdrawn from auction, sales agent Habeeb Urrahman
Parnell, 10 Augustus Terrace, unit 2D, sold prior, Gabrielle Hoffmann
Hobson Gardens, 205 Hobson St, unit 5K, sold for $570,000, Habeeb Urrahman
Hudson Brown, 57 Mahuhu Cescent, unit 221, leasehold, sold for $232,000, Steve Kirk

A 5 percenter followed by 8 pass-ins

The first property offered at NAI Harcourts’ auction today was the subject of some rapid bidding which took it to a few dollars above a 5% yield.

After that, though, auctioneer Andrew North had his work cut out as the other 8 properties on the auction list were passed in, 4 of them at vendor indicative bids. Auction results:

Wairau Valley, 35 Porana Rd, sold for $1.35 million at 5.01% yield, sales agent Tim Turner
Albany, 10 Airborne Rd, unit 23, Dave Lane, passed in at $401,000 after 2 vendor bids at $350,000 & $400,000
Pt Chevalier, 5 Pt Chevalier Rd, passed in at $1.5 million vendor bid, Isaac Tankard
Albany, 29 Apollo Drive, unit 203, passed in at $875,000, Dave Lane & Leanne Bate
Albany, 29 Apollo Drive, unit 202, passed in at $875,000, Dave Lane & Leanne Bate
Rosedale, 78-80 Paul Matthews Rd, unit 11A, passed in at $180,000 vendor bid, Marty van Barneveld & Andrew Bruce
Pakuranga Heights, 6A & B Canon Place, passed in at $1.5 million vendor bid, Angela Fletcher & Allan Coutts
Pakuranga Heights, 4 Canon Place, passed in at $3 million vendor bid, Angela Fletcher & Allan Coutts
Ashburton, 3 Lynn St, passed in at $1.5 million, Angela Fletcher & Allan Coutts

Kiwi Property portfolio up 2.6%

Kiwi Property Ltd reported a net increase of $57 million (2.6%) in the value of its portfolio of shopping centres & office buildings for the March year, lifting the overall value of the portfolio to $2.28 billion.

Attribution: Company releases, auctions.

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One sells & 8 pass in at NAI Harcourts auction

The first property up for sale at NAI Harcourts’ auction at the Royal NZ Yacht Squadron yesterday, an Otara shop with office space above, was sold under the hammer at a 4.5% yield, but that was the end of the good run as the remaining 8 properties were passed in.

Almost all of them required a vendor bid to get things started and 4 finished with the vendor’s indicator as the last bid.

Hauraki Gulf Islands

Waiheke – Surfdale

8 Miami Avenue:
Features: 809m² site, 297m² interior, deck, 2 tenants plus one vacant shop under negotiation
Rent: potential $75,165/year + gst
Outcome: passed in at second vendor bid, $1 million
Agents: Andrew Bruce & Rob Meister

Isthmus west

Eden Terrace

18 St Benedicts St:
Features: 298m² floor area, 6 assigned parking spaces
Rent: $48,000/year + gst
Outcome: passed in at $625,000
Agents: Fiona Li & Mike Ponsonby

Mt Roskill

46 Carr Rd:
Features: 809m² site, 581m² warehouse & office
Rent: $69,600/year + gst
Outcome: passed in at second vendor bid, $800,000
Agents: James Lee & Nick Mi

North-east

Albany

75K Corinthian Drive, ground-floor unit:
Features: 122m² ground floor, potential for retail or showroom, 45m² rear courtyard
Rent: vacant
Outcome: passed in at $370,000
Agents: Dave Lane

215 Rosedale Rd, unit L
:
Features: 307m² first-floor office, 9 allocated parking spaces
Rent: $64,740/year net + gst
Outcome: passed in at $730,000
Agents: Dave Lane

North-west

Waimauku

5-19 Factory Rd:
Features: 1000m² Fresh Choice supermarket
Rent: $190,000/year + gst + outgoings on long lease
Outcome: passed in at $2.75 million vendor bid
Agents: David Savery

South

Howick

113 Meadowland Drive, unit E:
Features: 80m² shop,
Rent: $27,940/year + gst
Outcome: passed in at $350,000 vendor bid
Agent: Nicolas Ching

Otara

133 Bairds Rd:
Features: 230m², 2 levels, retail & office, long-established pharmacy as tenant
Rent: $22,500/year + gst
Outcome: sold for $502,000
Agents: Peter King-Turner & Vincent Cheong

Papatoetoe

13-15 St George St:
Features: 466m² site, 2 shops + residential accommodation upstairs
Rent: $57,000/year + gst
Outcome: passed in at $775,000
Agents: Nicolas Ching

Attribution: Auction.

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NAI reports 5 sales

NAI Harcourts agents have recorded 5 sales around Auckland and in Hamilton.

Isthmus east

Panmure

159 Queens Rd:
Features: 1372m² site, office/retail building, 6 tenants on 2 levels, 32 parking spaces
Rent: $263,500/year net + outgoings + gst
Outcome: sold for $3.1 million
Agent: Nicolas Ching

North-east

Wairau Valley

62B Diana Drive:
Features: 825m² warehouse, 221m² office, 12 parking spaces
Rent: $107,000/year net + outgoings + gst
Outcome: sold for $1.28 million
Agent: Dave Lane

North-west

New Lynn

4b McWhirter Place:
Features: 133m² showroom, 27m² mezzanine, allocated parking spaces, in block of10 units, no involvement of a body corporate
Rent: $21,860/year + outgoings + gst
Outcome: sold at auction for $310,000
Agent: Andy Gabb

South of the Bombays – Waikato

Frankton

101 Duke St:
Features: 648m² warehouse, 128m² office, dual access from Duke & Woodward Sts allowing for subdivision or expansion, within 500m of State Highway 1, Hamilton’s western bypass
Outcome: sold at auction for $719,000
Agent: Karl van Gisbergen

Hamilton Central

29-33 Hood St:
Features: 1454m² site, 1418m² retail floorspace in 3 large tenancies with plenty of storage, on the sunny southern side of Hook St between Knox St carpark and the Hood St night scene
Rent: current $115,000/year net + gst + outgoings, 2 current tenants are the Wiltshire Roasts and Hog’s Breath Café, potential from 900m² to be vacated soon
Outcome: sold at auction for $1,205,000
Agents: Mike Neale

Attribution: Agency release.

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Beachlands Village property passed in

A property in the middle of the Beachlands Village retail area was passed in at NAI Harcourts’ auction yesterday.

Sitting between the village centre’s butchery & bakery, the property’s commercial frontage is occupied by the local police station and a PostShop/Kiwibank with Lotto outlet.

At the rear it has a residential building containing a 3-bedroom dwelling with ground-floor garage and a one-bedroom flat with a fenced yard.

The village centre remains Beachlands’ only retail area until a development comprising a Countdown supermarket & adjoining shops is built at the entry to Beachlands from the Whitford-Maraetai Rd.

Meanwhile, the area is expanding, with zoning for 1250 new houses.

South

Beachlands

38 Wakelin Rd:
Features: 922m² site, 2 separate buildings fully leased, one commercial, one residential, and a BNZ ATM machine
Rent: $98,756.80/year ($90,615 net of irrecoverable outgoings)
Outcome: passed in at a vendor bid of $1.3 million
Agents: Nicolas Ching & Scott Strong

Attribution: Auction.

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Parnell gym premises among 4 sales at 2 NAI Harcourts auctions

A Parnell gym’s premises, including 2 secure parking spaces, sold at a 20% yield at auction yesterday, compared to the 5.1% it would have achieved if bidders had matched its 2011 valuation.

The parking spaces alone were valued at $35,000 each in 2011. If they maintained that value, the auction would have priced the gym space at $840/m².

The gym was one of 7 properties taken to auction at 2 NAI Harcourts branches in Auckland today – 5 at Mairangi Bay and the other 2 at the agency’s Emily Place branch.

The Mairangi Bay auction started with the sale of a Rosedale shop on a 6.5% yield, followed by 2 sales at Albany & Penrose.

Isthmus east

Parnell

3 Akaroa St, unit 2L:
Features: 131m² ground-floor 24/7 gym as tenant, 2 secure covered parking spaces, in building containing apartments, hotel & offices
Rent: $36,500/year + gst, but option of vacant possession
Outcome: sold for $180,000
Agents: Elena Style & Nicolas Ching

Penrose

388 Church St, unit B:
Features: 712m² building – 548m² warehouse, 9m stud, 164m² office/showroom
Rent: vacant
Outcome: sold for $1.25 million
Agents: Steve Granger & Ray Atkinson

North

Maungaturoto

34 Hurndall St:
Features: 1.535ha site including small stand of pines, 1960m² floor area – 804m² manufacturing area with 7m stud, 771m² finishing area with 6.1m stud, 394.5m² office, reception & amenities; rebuilt after a fire in 1997; west from the southern side of the Brynderwyns, 110km north of Auckland
Rent: vacant
Outcome: no bid
Agents: Peter Peeters

Whangarei

58-60 James St & 53-55 John St:
Features: 1176m² site, business 1 zone allows full site coverage, 830m² total floor area2 parallel street frontages
Outcome: passed in at vendor bid of $600,000
Agents: Peter Peeters

North-east

Albany

9C Piermark Drive:
Features: 516m² building – high-stud warehouse 222m², showroom 141m², upstairs office 153m², 12 parking spaces
Rent: $83,000/year net + gst on new 3-year lease
Outcome: sold for $1.12 million
Agents: Dave Lane & Chris White

Rosedale

78-80 Paul Matthews Rd, shop 10:
Features: 4120m² site, retail & small rear area 77m², 2 customer parking spaces
Rent: $21,540/year net + gst on new 3-year lease
Outcome: sold for $328,000 at a 6.5% yield
Agents: Dave Lane

North-west

Glendene

4343 Great North Rd, unit E:
Features: 3 ground-floor shops in 241m²; the Church Unlimited head office occupies the upper floor
Rent: $43,000/year + gst
Outcome: no bid
Agents: Nicolas Ching

Attribution: Auctions.

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