Archive | Knight Frank

East Tamaki & Papakura commercial sales

Knight Frank agents have sold an industrial unit in East Tamaki and a shop in Papakura, and completed 2 leases in Christchurch.

Sales

South

East Tamaki

89 Springs Rd, unit F:
Features: 260m² industrial unit, 148m² upstairs accommodation
Outcome: sold for $1 million at a 5.2% yield
Agent: David Wards

Papakura

182 Great South Rd, unit 3:
Features: 98m² vacant shop
Outcome: price confidential
Agent: David Wards

Leases

South Island – Canterbury

Burnside

25A Sheffield Crescent, unit 2:
Features: 695m² warehouse
Rent: $53,000/year + gst + opex
Agent: Terry Connolly

Sockburn

2 Distribution Lane, unit 1:
Features: 580m² office & warehouse, 12 parking spaces
Rent: $102,500/year + gst + outgoings
Agent: Campbell Taylor

Attribution: Agency release.

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Knight Frank sale & lease

Knight Frank agents in South Auckland have started the year with a sale of 2 industrial units in Papakura and an office lease in Mt Wellington.

Sale:

South

Papakura

19 Vernon St, units G & F:
Features: 2 industrial units – unit F 321m², unit G 324m²
Outcome: sold for $1.3 million + gst
Agent: Josh Franklin

Lease:

Isthmus east

Mt Wellington

570 Mt Wellington Highway, unit B4:
Features: 150m² office
Rent: $56,454/year + gst
Agents: Michelle Kennard & Jarrod Qin

Attribution: Agency release.

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Chinese spent $A2.4 billion in 2016 on Australian residential sites

Chinese developers & investors bought $A2.4 billion worth of residential development sites in Australia last year, according to Knight Frank research.

Knight Frank’s director of residential research in Australia, Michelle Ciesielski, said in a paper released in January: “This was 9.4% stronger than recorded in the prior year. This trend has been emerging over the past 5 years, while the Australian residential market collectively strengthened throughout 2012 and in 2013, growth in sales turnover encouraged prices to rise for local developers & investors alike. At this time, the $A became very favourable against other currencies for investment into Australia. The Chinese renminbi was no exception.

“Despite overall total sales falling during 2016, and sales to Chinese developers & investors are still 11.2% lower than the market peak recorded in 2014, their influence has grown. In the past 3 years, Chinese developers & investors accounted for over 25% of disclosed total sales each year, with 2016 recording a share of sales as high as 38%.”

Link:
Knight Frank, January 2017: The rise of Chinese developers in Australia, full report

Attribution: Knight Frank report.

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Sockburn sale & Ellerslie lease for Knight Frank

Knight Frank agents have sold a Sockburn industrial property in Christchurch and leased in office in the Stanway business park at Ellerslie in Auckland over the summer.

Sale

South Island – Canterbury

Christchurch, Sockburn

42 Parkhouse Rd:
Features: 4927m² site zoned business 5/heavy industrial, 2356m² building
Outcome: sold for $3.65 million + gst
Agent: Sam Stone

Lease

Isthmus east

Ellerslie 

646 Great South Rd, tower 2, ground floor, unit 2:
Features: 201.9m² office space
Rent: $54,820 + gst
Agent: Damon Wyllie

Attribution: Agency release.

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2 sales & 2 leases for Knight Frank

Knight Frank agents have signed 2 sales & 2 leases on the Auckland isthmus and in Christchurch.

Sales

Isthmus east 

Onehunga

46 Mt Smart Rd:
Features: 1533m² level site, block of 10 fully tenanted 2-bedroom units on a single freehold title
Outcome: sold for a confidential price
Agent: Douglas Fan

South Island – Canterbury 

Sockburn

2 William Lewis Drive, unit 3:
Outcome: sold for $845,000 + gst
Features: 349m² unit – office 145m², warehouse 204m², 7 parking spaces
Agent: Campbell Taylor

Leases

Isthmus east 

Mt Wellington

45 Mt Wellington Highway, unit 2:
Features: 240m² office
Rent: $63,900/year + gst + opex
Agent: Michelle Kennard

South Island – Canterbury 

Riccarton

41 Riccarton Rd:
Rent: $212,641.80/year + gst + opex
Features: 1000m² retail space, 35 parking spaces
Agents: Louise Urban & Anna Morawiec

Attribution: Agency release.

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Sale & lease for Knight Frank

Knight Frank reports one sale & one lease, both in Christchurch, in the last week.

South Island – Canterbury

Sale:

Christchurch – Waltham

340A Wilsons Rd:
Features: 355m², warehouse & office, parking
Outcome: sold for $380,000 + gst
Agent: Terry Connolly

Lease: 

Christchurch cbd

65 Victoria St:
Features: 261.2m² ground-floor retail space
Rent: $99,256/year + gst + outgoings
Agent: Tom Lax

Attribution: Agency release.

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Cryers Rd warehouse sells at 5.9%

Knight Frank’s South Auckland office has sold a Cryers Rd warehouse in East Tamaki for over $11 million on a 5.9% yield. It’s one of 2 sales & 4 leases completed by the agency in Auckland & Christchurch last week.

Sales:

South

East Tamaki

48 Cryers Rd:
Features: 8800m² site, 6000m², 10m+ stud height warehouse with office/amenities, covered canopy
Rent: about $660,000/year current
Outcome: sold to a family trust for $11.333 million + gst at a 5.9% yield
Agents: Dave Arlidge, Josh Franklin & Damon Wyllie

Manukau Central

18 Lambie Drive, unit 71:
Features: 75m² high stud warehouse, 20m² office/amenities, 30m² mezzanine, 3 parking spaces, secure gated compound
Outcome: sold for $360,500 + gst
Agents: Josh Franklin & David Wards

Leases:

Isthmus east

Mt Wellington

151 Marua Rd, unit B:
Features: 1700m² warehouse, yard, 9 parking spaces
Rent: $170,000/year + gst & opex
Agents: Josh Franklin & Jarrod Qin

South

East Tamaki

Higbrook business park, The Crossing, 60 Highbrook Drive, building 5, T1 level 2:
Features: new 463m² office space, 6 covered parking spaces
Rent: confidential
Agents: Josh Franklin & Damon Wyllie

South Island

Christchurch

2-10 Papanui Rd, units 2, 3, 4, 20 & 21:
Features: 278m² office, parking space
Rent: $98,260/year + gst + outgoings
Agent: Tom Lax

203 Papanui Rd:
Features: 194.7m² office, 3 parking spaces
Rent: $72,825/year + gst + outgoings
Agent: Tom Lax

Attribution: Agency release.

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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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Propbd on Q W3Dec15 – Auctions: NAI Harcourts, Bayleys commercial & apartments, Barfoots, Knight Frank; Metlifecare village, WestCity on market

All 4 sell at NAI Harcourts auction
20 sell out of 34 offered at Bayleys auction
One apartment sells at Bayleys auction
6 of 27 “intensive living” homes sell at Barfoots auction
Parnell Rd sale
Metlifecare goes unconditional on Albany site
WestCity mall on market

10am:
All 4 sell at NAI Harcourts auction

All 4 commercial properties auction at NAI Harcourts in Takapuna yesterday were sold under the hammer – one, in Milford, on a 3.6% yield. Auction results:

Albany, 14 Airborne Rd, unit 28, sold for $671,000 at a 5.07% yield, Dave Lane
Wairau Valley, 249 Archers Rd, sold for $1.6 million, Marty van Barneveld
Milford, 83-85 Kitchener Rd, sold for $1.752 million at a 3.6% yield, Andrew Bruce & Rob Meister
Takapuna, 475 Lake Rd, sold for $900,000, Edward & Nicolas Ching

20 sell out of 34 offered at Bayleys auction

Bayleys finished its Total Property auction series for the year with 20 sales from 34 properties offered. Another 11 were withdrawn from the auction. Auction results:

Avondale, 1977 Great North Rd, sold for $530,000 at a 4.98% yield, Mike Adams & James Appleby
Eden Terrace, 33 Randolph St, passed in at $1.8 million, Damien Bullick & Alan Haydock
Lister Building, 9B Victoria St East, shop, sold for $820,000 at a 5.85% yield, Quinn Ngo & Owen Ding
Grey Lynn, 8 Newton Rd, sold for $1.6 million, Cameron Melhuish & Andrew Wallace
Pt Chevalier, 1104 Great North Rd, sold for $1.05 million, Quinn Ngo & Matt Lee
Epsom, 89B Great South Rd, sold for $675,000, Oscar Kuang & James Chan
East Tamaki, 5A Nandina Avenue, sold for $1.5 million, Dave Stanley & Mike Marinkovich
Albany, 49A William Pickering Drive, sold for $2.265 million, Ashton Geissler & Ranjan Unka
Warkworth, The Grange, State Highway 1, unit PU4, The Coffee Club, sold for $1.55 million, James Chan & Steve Orr
The Grange, unit PU2, Bottle-O, sold for $1.16 million, Quinn Ngo & Steve Orr
The Grange, unit PU3A, Indian restaurant, passed in at $600,000, Matt Lee & Steve Orr
Grey Lynn, 116-120 Surrey Crescent, sold for $4.155 million, Mark Pittaway & James Chan
Manurewa, 165 Great South Rd, sold for $1.55 million, Tony Chaudhary & Piyush Kumar
New Lynn, 76 Delta Avenue, passed in, Grant Miller & Peter Turner
Raglan, 2 Main Rd, passed in, Tony Chaudhary & Janak Darji
Mangere, 17 Airpark Drive, unit 7, sold for $870,000, Nick Bayley & Dave Stanley
Sunnynook, 318 East Coast Rd, passed in, Tony Chaudhary & Ranjan Unka
Eden Terrace, 74D France St, passed in, Ben Wallace & Matt Gordon
Te Atatu Peninsula, 29 Neil Avenue, sold for $880,000, Tony Chaudhary & Mike Adams
Highland Park, 168 Aviemore Drive, unit G, sold for $1 million, Geoff Wyatt & Nick Bayley
East Tamaki, 2 Kerwyn Avenue, unit C, sold for $1.7 million, Tony Chaudhary & John Bolton
Kerikeri, 60 Kerikeri Rd, unit G06, no bid, Michael Nees & Brian Caldwell
Penrose, 35 Maurice Rd, unit I, withdrawn from auction, Tony Bayley
Otahuhu, 24 Atkinson Avenue, sold for $985,000, Piyush Kumar & Shane Snijder
Princes Wharf, 137 Quay St, shed 19, unit 2, sold for $1.15 million at mortgagee sale, Tony Bayley
Birkenhead, 65-67 Birkenhead Avenue, passed in at $2.6 million, Damian Stephen & Adam Curtis
Henderson, 103 Lincoln Rd, sold for $1 million, Tony Chaudhary & James Appleby
Albany, 52 Oteha Valley Rd, unit M, sold for $2.05 million, Adam Curtis & Adam Watton
Wairau Valley, 20 Link Drive, unit MM, no bid, Adam Watton & Michael Block
Grey Lynn, 564 Great North Rd, passed in, vendor bid of $600,000, Simon Aldridge & Michael Nees
Albany, 18 Triton Drive, unit H1, passed in, vendor bid of $900,000, Terry Kim & Damian Stephen
Albany, 8 Arrenway Drive, no bid, Matt Mimmack & Laurie Burt
Howick, 10 Wellington St, unit 8, sold for $470,000, Quinn Ngo & Geoff Wyatt
Howick, 219 More St, unit E, passed in at $1.15 million, Millie Liang & Tony Chaudhary
Howick, 219 Moore St, unit A, passed in at $1.135 million, Millie Liang & Tony Chaudhary
Howick 219 Moore St, units B, C & D, withdrawn from auction, Millie Liang & Tony Chaudhary
Waiuku, 18 Martyn St, withdrawn from auction, Tonia Robertson & Tony Chaudhary
Albany, 36 Tarndale Grove, withdrawn from auction, Matt Mimmack & Ashton Geissler
Henderson, 192 Universal Drive, unit A6, withdrawn from auction, Alan Haydock & Cameron Melhuish
8 Quay St, unit 1, withdrawn from auction, Owen Ding & Quinn Ngo
East Tamaki, 171 Harris Rd, withdrawn from auction, Jamsheed Sidhwa & Luke Carran
Ellerslie, 38 Eaglehurst Rd, unit 9, withdrawn from auction, Dave Stanley & James Valintine
Mt Eden, 718 Dominion Rd, withdrawn from auction, Oscar Kuang & James Chan

One apartment sells at Bayleys auction

One apartment was sold and one passed in, no bid, at Bayleys’ residential auction yesterday. Auction results:

Hobson Lofts, 203 Hobson St, unit 2, sold for $580,000, Diane Jackson & Julie Prince
Quay West, 8 Albert St, unit 1004, no bid, Diane Jackson & Julie Prince

6 of 27 “intensive living” homes sell at Barfoots auction

6 of the 27 “intensive living” homes auctioned (apartments, suburban units, townhouses & cross-leased properties) at Barfoot & Thompson yesterday were sold under the hammer or shortly after. Auction results:

Meadowbank, 83 St Johns Rd, unit 2, cross-lease, sold for $960,000, Margot Torrance
Quay West, 8 Albert St, unit 3104, no bid, Belinda Illingworth
Onehunga, 116 Grey St, cross-lease, passed in at $880,000, Nicholas Lyus & Julia Nah
Remuera, 19 Mahoe Avenue, unit 1, cross-lease, passed in at $1 million, Alex Baker
Orakei, 47 Rukutai St, cross-lease, sold for $1.085 million, Stanley Armon
Huntington Park, 74 Huntington Drive, unit 23, sold for $721,000, Cheryl Woodward
Kingsland, 33 School Rd, unit 6, no bid, Jane Wang & Dragon Zhou
Royal Heights, 259 Royal Rd, unit 2, cross-lease, no bid, Casey & Rhys Chen
Quay West, 8 Albert St, unit 1001, no bid, Belinda Illingworth
Mt Eden, 3 Fairview Rd, unit 1, cross-lease, no bid, Ling Zhu
Avondale, 23B Cradock St, unit 3, cross-lease, no bid, Helen Clelland
Stonefields, 351 College Rd, no bid, Kelly Midwood & Zdenka Zinajic
53 Cook St, unit 1402, passed in, apartment, Annie Xu & Sean Zhang
Hobson Gardens, 205 Hobson St, unit 8H, apartment, no bid, Stephen Shin & Yasu Ka
Epsom, 495 Manukau Rd, unit 6, unit, no bid, Annie Xu & Sean Zhang
New Windsor, 109A New Windsor Rd, cross-lease, sold for $870,000, Anna Lechtchinski & Alex Wu
Henderson, 2A Longburn Rd, cross-lease, passed in, Margaret Jackson & Tanzi Rose
Ponsonby, 22 Prosford St, unit 4, apartment, sold post-auction, Carl Madsen
Sandringham, 26 Fowlds Avenue, cross-lease, no bid, Matt O’Brien
Grey Lynn, 34 Pollen St, unit 15, apartment, no bid, Becs Peacocke
One Tree Hill, 66E Moana Avenue, cross-lease, passed in, John Zhang & Louissa Bao
Massey, 2 Kemp Rd, unit 1, passed in, house with body corporate, Eugene Yamamoto & Matt O’Rourke
Mt Wellington, 46B Rutland Rd, cross-lease, passed in, Paul Donovan & Sharon Walls
New Lynn, 72 Portage Rd, unit 1, cross-lease, passed in at $370,000, Dharmendra Gomber
Kelston, 11 Alston Avenue, unit 4, cross-lease, no bid, Clara Wu & Shirley Zhong
Mt Eden, 6 Fairview Rd, unit 2, cross-lease, sold for $626,000, Craig Smith
Mt Roskill, 20 Hazel Avenue, cross-lease, sold for $910,000, Felix Bogdanovic

Parnell Rd sale

Knight Frank has sold a Parnell restaurant & takeaway.

Parnell, 391 Parnell Rd, 59m2 licensed restaurant, sold for $675,000 at a 6.4% yield, Allan Myers

Metlifecare goes unconditional on Albany site

Metlifecare Ltd has gone unconditional on purchase of a 3ha site on McClymonts Rd, Albany, for its 16th Auckland retirement village. Settlement is scheduled for 31 March.

WestCity mall on market

Scentre Group Ltd has appointed Colliers to market its 36,274m² Westfield WestCity mall at Henderson, following the $549 million sale of 3 other Westfield malls last week.

WestCity has a book value of $161.5 million.

Earlier stories:
27 November 2015: Scentre sells 3 malls to locals, one to go
25 February 2015: Scentre to sell the other 4 NZ malls

Attribution: Auctions, company releases.

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East Tamaki sale & lease

Knight Frank South Auckland has reported a sale and a lease by its South Auckland director of industrial sales & leasing, Josh Franklin.

South

East Tamaki

Sale

9 & 13 Lorien Place:
Outcome: sold for $2.5 million
Agent: Josh Franklin

Lease

9 Allens Rd:
Features: 1274m² warehouse & 283m² office/amenities
Agent: Josh Franklin

Attribution: Agency release.

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