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Pt England housing development bill passes second reading

The Point England Development Enabling Bill, to turn 11.7ha of the 48ha Point England Reserve over to housing and to advance Ngati Paoa’s historical Waitangi Treaty settlement, passed its second reading in Parliament on Tuesday by 62 votes to 43.

Building & Construction Minister Nick Smith said having 18ha on the Tamaki River fenced off for cattle to graze for over 30 years was a poor use of Crown land just 10km from Auckland’s city centre: “We are going to use 12ha for new houses & 2ha for a marae, as part of a treaty settlement with Ngati Paoa. The remaining 4ha will be added to the 32ha of public reserve space.”

Dr Smith said the legislation would guarantee an increase in the accessible public space, retaining at least the same area of playing fields and committing to spending all of the Crown’s proceeds from the housing development in enhancing the local recreational facilities & environment.

Earlier stories:
19 December 2016: Bill to enable housing on Pt England Reserve passes first reading
7 December 2016: Ngati Paoa to build 300 homes on Pt England Reserve, talks continue on reserve upgrade

Attribution: Ministerial release.

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7 of 19 intensive homes sell at Barfoots

7 intensive properties sold out of 19 auctioned at Barfoot & Thompson’s city office over the last 3 days. They include apartments, suburban units, townhouses & homes on cross-leases.

At times the auctionroom was busy, more often quiet – not surprisingly so, given that the agency is putting through about the same number of properties in a week as it was pumping through in a day at the frenzied height of the market last year & briefly this year.

The properties listed below were auctioned between Tuesday afternoon & Thursday morning.

CBD

Learning Quarter

Silo, 23 Emily Place, unit 11H:
Features: 3-bedroom apartment, deck, 2 parking spaces
Outgoings: body corp levy $8677/year for the unit, $746/year for each parking space
Outcome: passed in at $900,000
Agents: Aaron Cook & Leo Shin

Argent Hall, 2 Eden Crescent, unit 14F:
Features: one-bedroom apartment, storage unit, parking space
Outgoings: body corp levy $6183/year
Outcome: passed in at $540,000, sold shortly after the auction for $557,000
Agents: Zoran Farac & Justin Choi

Isthmus east

Ellerslie

22 Marua Rd, unit 3:
Features: cross-lease, quarter share in 1214m², 4 bedrooms, double carport
Outcome: sold for $858,000
Agents: Alex Yang & Xia Wang

Mt Wellington

16 Bertrand Rd, unit 4:
Features: 2-bedroom unit, carport
Outcome: no bid
Agents: Robben Li & Will Liu

Newmarket

Queens Lodge, 176 Broadway, unit D505:
Features: one-bedroom apartment, secure parking space
Outgoings: body corp levy $1353/year for unit, $638/year for parking
Outcome: no bid, back on market at $580,000
Agent: Duncan Wu

Onehunga

90 Victoria St, unit 2:
Features: cross-lease, 1/9 share in 2056m², 2 bedrooms, garage
Outcome: no bid, back on market at $589,000
Agents: Leonie Stabler & Di Lynds

Parnell

4 Churton St, unit 4:
Features: 3-bedroom townhouse, 2 bathrooms, 2 parking spaces
Income assessment: appraisal $1350/week
Outcome: no bid, back on market at $1.775 million
Agent: Linda Galbraith

4 Churton St, unit 5:
Features: 3-bedroom townhouse, 2 bathrooms, 2 parking spaces
Income assessment: appraisal $1350/week
Outcome: no bid, back on market at $1.775 million
Agent: Linda Galbraith

4 Churton St, unit 7:
Features: 3-bedroom townhouse, 2 bathrooms, 2 parking spaces
Income assessment: appraisal $1350/week
Outcome: no bid, back on market at $1.775 million
Agent: Linda Galbraith

Isthmus west

Grey Lynn

23A Pollen St, unit 102:
Features: one-bedroom apartment, study nook, balcony, storage unit, secure parking space
Outgoings: body corp levy $3382/year
Outcome: sold for $741,000
Agents: George Damiris & Carl Madsen

Herne Bay

27 Wallace St, unit 1:
Features: one-bedroom apartment, parking space
Outgoings: body corp levy $3193/year
Outcome: passed in
Agents: Ashley Tait & Andre Bodde

Kingsland

52 Aitken Terrace, unit 1A:
Features: one-bedroom apartment, double garage
Outgoings: body corp levy $4743/year
Outcome: sold for $930,000
Agents: George Damiris & Carl Madsen

Mt Roskill

41A Marion Avenue:
Features: cross-lease, half share in 839m², 4 bedrooms, carport
Outcome: no bid
Agents: Denis Dias & Calvin Roche

25A Rogan St:
Features: cross-lease, half share in 813m², 3 bedrooms, 2 bathrooms, garage
Outcome: passed in
Agent: Tanzi Rose

Sandringham

32 Fowlds Avenue, unit 3:
Features: cross-lease, quarter share in 655m², 2-bedroom unit, garage
Outcome: sold for $687,000
Agent: Felix Bogdanovic

24 Morningside Drive, unit 4:
Features: 2-bedroom unit, garage
Outgoings: body corp levy $591/year
Outcome: sold for $639,000
Agent: Repeka Lelaulu

St Marys Bay

101 Shelly Beach Rd, unit 1:
Features: cross-lease, 1/6 share in 695m², 2-bedroom unit, deck, private courtyard
Outcome: passed in at $800,000
Agents: Carl & Rosanne Madsen

117 Shelly Beach Rd, unit 9:
Features: 3-bedroom terrace, 3 bathrooms, balcony, double garage
Outgoings: body corp levy $5418/year
Outcome: no bid
Agents: Carl & Rosanne Madsen

North-west

Henderson

85 Edmonton Rd, unit 18:
Features: 2-bedroom unit, offstreet parking
Income assessment: $360/week fixed until August
Outcome: sold for $489,000
Agent: Rosemary Giborees

Attribution: Auctions.

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Bendon showroom sells at auction but 3 other properties fail to attract a bid

A Bendon Retail showroom in Otara sold on a 4.4% yield at Barfoot & Thompson’s commercial auction yesterday.

2 retail assets in an Avondale shopping centre building – one with some residential potential and both with a 32.5m height limit through their town centre zoning under the new unitary plan – were passed in without a bid. A Ponsonby office unit also failed to attract a bid.

Isthmus west

Avondale

1976 Great North Rd, unit 5:
Features: 140m², ground-floor retail unit with 10 years to run on lease
Rent: $49,735/year net + gst
Outcome: declared reserve $695,000, no bid
Agents: Reese Barragar & Colin Stewart

1976 Great North Rd, unit 6:
Features: 227m², 3 tenants – 2 retail + unconsented residential
Rent: $75,400/year gross
Outcome: declared reserve $895,000, no bid
Agents: Reese Barragar & Colin Stewart

Ponsonby

70 Ponsonby Rd, unit G5:
Features: office unit, 2 large signboards & secure parking space, on ground floor of the Quest apartment complex
Rent: $42,640/year net + gst on new long-term lease
Outcome: no bid, back on market at $898,000 + gst
Agents: Reese Barragar & Murray Tomlinson

South

Otara

18 Birmingham Rd:
Features: 1143m² section, 602m² building; Bendon Retail Ltd, tenant since 1999, is on 2-year lease with one more 2-year right of renewal
Rent: $53,857/year net + gst
Outcome: sold for $1.211 million at a 4.44% yield on current rent
Agents: James Marshall & Murray Tomlinson

Attribution: Auction.

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3 apartments sell at Ray White auction

3 of the 5 apartments auctioned at Ray White City Apartments today were sold under the hammer. One was a penthouse on Anzac Avenue (pictured), another was a leasehold unit in Lighter Quay and the third was one of 2 studios in the Bankside Apartments at the top of Shortland St.

CBD

Learning Quarter

Avenue 105, 105 Anzac Avenue, unit 4C:
Features: 97m², penthouse-level 2 bedrooms, 2 bathrooms, secure covered parking space
Outgoings: rates $1988/year including gst; body corp levy $6442/year
Income assessment: $600/week unfurnished, fixed until November, appraisal $700-750/week furnished
Outcome: sold for $705,000
Agents: Mitch Agnew & Ryan Bridgman

Bankside Apartments, 8 Bankside St, unit 7D:
Features: 30m² studio with partitioned bedroom, balcony
Outgoings: rates $1075/year including gst; body corp levy $4665/year
Income assessment: $450/week
Outcome: sold for $315,000
Agent: Ann Bennett

Bankside Apartments, 8 Bankside St, unit 6D:
Features: 30m² studio with partitioned bedroom, balcony
Outgoings: rates $1075/year including gst; body corp levy $4469/year
Income assessment: $450/week
Outcome: passed in at $285,000
Agent: Ann Bennett

The Quadrant, 10 Waterloo Quadrant, unit 1918:
Features: 32m², furnished one bedroom
Outgoings: rates $1211/year including gst; body corp levy $4013/year
Income assessment: out of hotel pool, $430-460/week furnished
Outcome: passed in at $380,000
Agents: May Ma & Mark Li

Wynyard Quarter

Lighter Quay, 75 Halsey St, unit 303:
Features: leasehold 45m², furnished one bedroom, secure parking space
Outgoings: rates $1481/year including gst; body corp levy $6712/year including $3254/year ground rent
Income assessment: $550/week
Outcome: sold for $202,000
Agent: Liz McCarthy

Attribution: Auction.

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Pullman & Kitchener St apartments sell

2 apartments were sold at Bayleys’ city auction yesterday, one in the Pullman Residences and the other in Kitchener St Studios (pictured). Another 2 city apartments, a Herne Bay townhouse and a cross-lease in West Auckland were passed in.

CBD

Kitchener St

Kitchener St Studios, 22 Kitchener St, unit 5D:
Features: one-bedroom loft, seismic rating 75% of new building standard
Outgoings: rates $1544/year including gst; body corp levy $4085/year
Outcome: sold for $665,000
Agents: Julie Prince & Diane Jackson

Learning Quarter

Maison en Ville, 24-26 Anzac Avenue, unit 4:
Features: 2/3-bedroom penthouse, internal floor-ceiling doors, leased parking space
Outgoings: rates $2751/year including gst; body corp levy $8136/year including $1988/year lift levy
Outcome: no bid
Agents: Diane Jackson & Julie Prince

Pullman Residences, 6 Princes St, unit 7G:
Features: 70m², fully furnished one bedroom, deck, parking space
Outgoings: body corp levy $11,209/year
Outcome: sold for $670,000
Agent: David Anderson

Queen St

CityLife, 171 Queen St, unit 2304:
Features: 261m², air-conditioned, double-height glass atrium living area, 3-bedroom penthouse, 3 bathrooms, powder room, study, wine cellar, room-sized storage area, wraparound balconies, 2 secure parking spaces
Outgoings: body corp levy $25,486/year
Outcome: no bid
Agents: Shona Walding

Isthmus west

Herne Bay

4 Curran St, unit 9:
Features: 4-bedroom townhouse, 2 bathrooms, parking space
Outgoings: body corp levy $3276/year
Outcome: passed in at $1.4 million
Agents: Karen Spires & Sally Ridge

North-west

Sunnyvale

8 Borich Rd, unit 2:
Features: cross-lease, half share in 794m², 3 bedrooms, garage
Outcome: no bid
Agents: Cindy Ji

Attribution: Auction.

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Heritage Grand & Citta units sell

A Heritage Grand Tower studio was sold under the hammer at City Sales’ auction yesterday, and a Citta studio (building pictured) with parking space was sold before the auction for $48,000 more than it went for in December.

A large unit in The Mews on Basque Rd, Eden Terrace,with remediation work almost complete, was passed in, and 2 leasehold units in Q Central, at the top of Queen St, were also passed in.

CBD

Uptown

Q Central, 26 Liverpool St, unit 2B:
Features: leasehold, 65m², 2 bedrooms, deck, tandem lockup garage
Outgoings: rates $1341/year including gst; body corp levy $3642/year, ground rent $6893/year
Outcome: passed in at $135,000
Agents: Maryanne Wong

Q Central, 34 Liverpool St, unit 6B:
Features: leasehold, 70m², 2 bedrooms, deck, storage locker, 2 parking spaces
Outgoings: rates $1341/year including gst; body corp levy $4907/year, ground rent $8808
Income assessment: $600-650/week
Outcome: passed in at $120,000
Agents: Kristine Snore

Victoria Quarter

Heritage Grand Tower, 22 Nelson St, unit 315:
Features: 37m² studio including deck
Outgoings: rates $1063/year including gst; body corp levy $3734/year
Outcome: sold for $268,000
Agents: Iona Rodrigues

Isthmus east

Grafton

Citta, 186 Symonds St, unit 302:
Features: 36m² studio, parking space
Outgoings: rates $1093/year including gst; body corp levy $3143/year
Outcome: sold in December for $320,000, sold prior for $368,000
Agents: Steve Kirk & Habeeb Urrahman

Isthmus west

Eden Terrace

The Mews, 8 Basque Rd, unit 7/4C:
Features: 122m² including deck, 2 bedrooms, 2 bathrooms, tandem parking; remediation project almost completed, final repair costs not yet known, code compliance certificate still to be issued
Outgoings: rates $1030/year including gst; body corp levy $5126/year
Outcome: passed in at $790,000
Agents: Trisha Shanaghan

Attribution: Auction.

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Council supports regeneration actions

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

The 3 regeneration-supporting actions were:

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

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

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

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

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

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

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

Attribution: Council committee meeting.

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Transparency campaign gathers some ears

Transparency campaigner Penny Bright took her message to Auckland Council yet again yesterday.

Yet again, in a campaign that she’s fought for 2 decades, resulting in multiple arrests for her (some of those arrests spitefully contrived but not, subsequently, resulting in convictions), but over the years not too much improvement in transparency.

But it was notable at yesterday’s meeting of the council’s finance & performance committee that fewer ears were deaf to her message, and this time Ms Bright actually had some positive words to say about the opening up of council information.

The need for a change in attitude was reinforced in February with the sentencing on corruption charges of former Rodney District Council & Auckland Transport senior manager Murray Noone to 5 years’ jail, and engineering firm Projenz Holdings Ltd director Stephen Borlase to 5½ years’ jail over roading contracts.

Mr Borlase was found guilty on 8 corruption & bribery charges and Mr Noone was found guilty on 6 charges of accepting the bribes. Projenz also paid for overseas travel for Mr Noone and another senior roading engineer, Barrie George, who was sentenced last September to 10 months’ home detention.

Ms Bright told the committee she wanted to see all council-controlled organisations providing the same details of contracts as Auckland Transport now does, and she wanted subcontracts included.

She told the committee: “The court case proved you have 2 levels of corruption, public to private and private to private where back-end subcontracts are placed.

“The court showed the collaborative model was not working. That must also be reviewed because the proven corruption risk – we have the evidence for that.”

Ms Bright said the Public Records Act had been law since 2005 – created, according to the Government summary, “to support the effective management of records in the public sector… to promote government accountability through reliable recordkeeping, enhance public confidence in the integrity of government records…”

She said more recent guidelines from the Office of the Auditor-general on transparency were very clear and added: “I believe those guidelines have not been enforced.”

She also asked when the council would look at council officers holding private consultancies that dealt with the council.

Council chief financial controller Sue Tindal said the committee would have an opportunity to raise questions about these issues at its second meeting of the week, on Friday, when the quarterly reports of council-controlled organisations are presented.

However, that’s an unnecessarily tortuous process. The council could simply revert to the practice used at the former Waitakere City Council of presenting all details from tenders online when a tender was approved, which wasn’t followed at other councils around the region and wasn’t the practice put in place when Auckland Council was formed in 2010.

Link:
Office of the Auditor-general guidelines

Attribution: Council committee meeting, public forum presentation.

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When you saw the news on an office tower foyer screen…

VMO (Val Morgan Outdoor), which specialises in outdoor advertising such as digital billboards, has extended its network of digital office tower screens to Wellington and now has 80 screens on 50 buildings in New Zealand – a year after launching the concept on this side of the Tasman.

The company is also going small, and more obviously so to office workers, as it targets a new & potentially bigger market in corporate lobbies.

VMO managing director Anthony Deeble said the company was at the forefront of the digital out-of-home market in New Zealand with VMO Work: “It’s a unique media platform connecting advertisers to a valuable audience of working professionals. It plays full motion video as well as up-to-date news & sports, financial information, weather and the property’s directory information. Strategically positioned in high-traffic thoroughfares in office buildings, such as lift wells & lobbies – the network provides an informative & engaging media channel for professionals.

“We plan to at least double the number of screens in premium office buildings in both the North & South Islands by the end of the year.”

VMO spent $2 million creating its New Zealand network, and Mr Deeble said the company had visions of leading this market internationally: “Our vision is to be a world leader in digital outdoor using world-class technology & innovation.”

The screens aren’t just about advertising – they may show news bulletins, the weather or building information.

The VMO Work business model is based on over 14 years of digital out-of-home experience in Australia, and last year it launched DART – Digital-outdoor Audiences in Real Time – to New Zealand. “DART – VMO’s exclusive real-time audience measurement system – uses audience measurement devices to anonymously analyse audiences to demonstrate who has viewed a campaign and how long they have engaged. Across the VMO Work network, DART measures 15,000 New Zealand viewers/week.”

VMO’s New Zealand general manager, Gordon Frykberg, said both the screens & technology were market-leading.

VMO is a division of Australian & New Zealand media & entertainment company the Hoyts Group, which the Dalian Wanda Group of China bought in 2015.

Attribution: Company release.

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New bill deals with meth, damage liability & unsuitable rental tenancies

The Government introduced a bill to Parliament yesterday aimed at better managing methamphetamine contamination, liability for careless damage and the tenancy of unsuitable properties.

Building & Construction Minister Nick Smith said the Residential Tenancies Amendment Bill (No 2) would provide better protections & clarity for tenants & landlords: “It builds on the changes we made last year requiring smoke alarms & insulation, and establishing a tenancy compliance & investigations team.

“This bill recognises that meth contamination of properties has become a significant issue that needs clearer direction. We want homes to be safe but we also don’t want properties being vacated when the risks are low.

“Landlords will have easier access to test for meth and tenants will be able to terminate their tenancy if it presents at unsafe levels. Standards NZ is working on appropriate contamination thresholds and the bill will enable these to be legally recognised & enforceable before the Tenancy Tribunal.

“The bill also implements changes in respect of liability for careless damage arising from the Osaki decision last year. This court ruling means landlords cannot recover the costs of damage, including the excess charge on any insurance policy. The changes are needed to ensure tenants have an incentive to take good care of a property, and for the landlord to have appropriate insurance.

“Under the bill, tenants will be liable for the cost of their landlord’s insurance excess up to a maximum of 4 weeks’ rent for each incident of damage caused by carelessness. A tenant remains fully liable where the damage is deliberate or a criminal act, and the landlord liable for fair wear & tear and damage beyond the control of the tenant, like a natural disaster.

“It also strengthens the law for prosecuting landlords who tenant unsuitable properties. The current jurisdiction of the Tenancy Tribunal is limited to residential buildings, meaning those who rent out unlawfully converted garages, warehouses or industrial buildings as living spaces can avoid accountability.”

Attribution: Ministerial release.

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