Tag Archives | Colliers

Both commercial properties sell at Colliers auction

Both warehouse properties auctioned at Colliers in Auckland today sold under the hammer, the first at East Tamaki at a yield just over 6%, and the second at Rosedale at 5.5%.

North-east

Rosedale

4A Rothwell Avenue:
Features: 974.9m² renovated unit in the North Harbour industrial estate – office 168.5m² on 2 levels, clearspan warehouse 806.4m², 6.4m stud height, roller doors at both ends, leased to international tenant Clariant
Rent: $120,640/year net + gst on lease with 2.5 years to run
Outcome: sold for $2.205 million at a 5.47% yield
Agents: Matt Prentice, Jimmy O’Brien & Shoneet Chand

South

East Tamaki

5 Greenmount Drive:
Features: 3995m² site, 2748m² office & warehouse – warehouse 2362m², office & amenities 298m² on 2 levels, mezzanine storage 87m², tenant Talvor Motorhomes Ltd on new 6-year lease, one 6-year right of renewal
Rent: $244,500/year net + gst + opex
Outcome: sold for $4.05 million at a 6.04% yield
Agents: Andrew Hooper, Dwayne Warby & Matt Prentice

Attribution: Auction documents.

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Hotel proposal unveiled for Simunovich site on Viaduct

Viaduct Harbour Holdings Ltd unveiled plans yesterday for a luxury hotel to replace the Simunovich Fisheries building at One Market Square – on the Viaduct Basin and across the water from Fu Wah International Group’s Park Hyatt Hotel rising in the Wynyard Quarter.

Colliers has been appointed to undertake a global search for a development partner. Its international expressions of interest campaign will close on Tuesday 2 May.

The proposed 165-room hotel would have a 12,000m² floor area on 12 floors on a 1288m² footprint, and a rooftop bar.

One Market Square on the Viaduct Basin cbd towers to left & right in the background.

Viaduct Harbour Holdings chief executive Angela Bull said the company would make the preliminary design by Warren & Mahoney available to the successful development partner, and the development partnership model would keep the waterfront site in New Zealand ownership.

Ms Bull said the Market Square site was exceptional, directly facing the harbour on 2 sides and offering stunning views of Auckland.

“Viaduct Harbour is an outstanding lifestyle precinct in Auckland with unrivalled access to the water, quality restaurants, apartments & an international marina. One Market Square is perfectly positioned for a world-class hotel that will add to the vibrancy & attractiveness of the precinct.”

Colliers national hotels director Dean Humphries said the surge in visitor arrivals in recent years had led to a critical shortage of quality hotel accommodation.

“The Government predicts that Auckland will likely need another 4300 new hotel rooms over the next decade to keep up with current demand projections. The timing is right for this unrivalled site to be developed to its optimal use.”

The owners of Viaduct Harbour Holdings Ltd (the families of Mark Wyborn, Trevor Farmer, Alan Gibbs & Ross Green) bought 28ha around Viaduct Harbour from Ports of Auckland Ltd in 1996. The company has retained the land interest and sold leasehold interests.

The hotel would replace the Simunovich Fisheries building fronting Market Square at the turn of the Viaduct Basin towards the Lighter Basin. Across the water, the ASB Centre and the Park Hyatt on Halsey St.

The Park Hyatt

Across the water on Auckland Council leasehold land in the Wynyard Quarter, the joint venture between local company Hawkins Group Ltd (sold by the McConnell family to Downer EDI Ltd of Australia 10 days ago) & China Construction NZ Ltd is 9 months into construction the Park Hyatt, which is scheduled for completion late next year. It will have a total floor area of 29,000m² & 195 rooms.

China Construction (China State Construction Engineering Corp Ltd) is headquartered in Shanghai and listed on the stock exchange there, and Fu Wah is based in Beijing.

Earlier stories:
9 March 2017: McConnells follow up Harker deal with Hawkins sale to Downer
3 July 2016: Hawkins & China Construction in joint venture to build Park Hyatt on Viaduct Basin
9 September 2015: Waterfront Park Hyatt gets consent
21 November 2014: Chinese hotel on Viaduct waterfront to be a Park Hyatt
16 April 2014: Update: Wynyard hotel construction cost closer to $700,000, leasehold factors undisclosed

Attribution: Agency release.

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Developer settles for 5.26% yield on new shops but childcare centre owner holds out 60 points firmer

A longstanding Mt Eden childcare centre was passed in with the yield at 4.66% at Colliers’ auction today, but the developer of a new local retail centre (pictured) at Westgate settled for 60 basis points over that strong cap rate to achieve sales on 3 of the 4 units on offer.

The development company, Frontier Properties Ltd (Dean & Julie Whimp), got a 5.26% yield on the sale of a pizza outlet & a barber shop, and 5.27% on a bakery, but couldn’t attract interest below 5.56% for a dentist’s premises.

The yield on the barber shop was almost trimmed to 5.23%, but the $5000 raise turned out to be an error.

Isthmus west

Mt Eden

158 Balmoral Rd:
Features: 607m² site, bungalow occupied by childcare licensed for 27 children,
Rent: $71,604/year net + gst, 10-year lease term from May 2015, 2 5-year rights of renewal, rental rate $51/child/week
Outcome: passed in at $1.535 million, representing a 4.66% yield
Agents: Shoneet Chand & Peter Kermode

North-west

Westgate

575 Don Buck Rd, 4 retail premises in new development
Agents on all 4: Shoneet Chand, Euan Stratton & Deborah Dowling

Unit 2, Sal’s Pizza:
Features: 73.5m², 7-year lease, 2 7-year rights of renewal
Rent: $40,480/year net + gst
Outcome: sold for $770,000 at a 5.26% yield

Unit 3, Don Buck Bakery:
Features: 73.5m², 8-year lease, 2 4-year rights of renewal
Rent: $40,480/year net + gst
Outcome: sold for $768,500 at a 5.27% yield

Unit 4, Nexus Barber:
Features: 73.5m², 6-year lease, 2 4-year rights of renewal
Rent: $39,744/year net + gst
Outcome: sold for $755,000 at a 5.26% yield

Unit 5, Massey Smiles:
Features: 105.5m², 10-year lease, 2-5-year rights of renewal
Rent: $55,620/year net + gst
Outcome: passed in at $1 million, representing a 5.56% yield

Attribution: Auction.

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3 suburban commercials sell but Vic Park Market premises all passed in

2 light industrial properties and an Ellerslie office building were sold at yields ranging from 5% (Airport Oaks) up to 6.9% (Ellerslie) at Colliers’ auction today.

They were followed by the Victoria Park Market (pictured above) management office, which was sold, and 4 restaurant & hospitality premises at the market, none of which received a bid (apart from one vendor bid on the first restaurant).

The market properties were all taken to auction by Drake City Ltd (Shahin Behrooz Kermani).

CBD

Victoria Quarter – 5 premises in the Victoria Park Market

Management office:
Features: 40.25m²
Rent: $15,750 + gst, reviews 2 years to cpi + 2% or market, whichever is higher
Outcome: sold for $292,500 at a 5.4% yield
Agents: Gareth Fraser & Simon Felton

Indian Village, units 4A, 5A, 6 & 7, Drake St:
Features: 207m², original 10-year lease runs until 28 February 2023, 2 5-year rights of renewal
Rent: $134,745/year net + gst, reviews on market soft ratchet
Outcome: no bid
Agents: Gareth Fraser, Simon Felton & Tony Allsop

The White Rabbit, unit 73, Drake St:
Features: 490m², rooftop deck, original 10-year lease runs until 30 April 2022, 2 5-year rights of renewal
Rent: $212,341/year net + gst, reviews to market
Outcome: no bid
Agents: Gareth Fraser, Adam White & Tony Allsop

The Oakroom, unit 74, Drake St:
Features: 224m², original 12-year lease runs until 31 October 2023, 6-year right of renewal
Rent: $100,794/year net + gst, reviews on market soft ratchet
Outcome: no bid
Agents: Gareth Fraser, Adam White & Simon Felton

Hansik Restaurant, unit 75, Drake St:
Features: 303m², original 5-year lease runs until end of 2019, 2 5-year rights of renewal
Rent: $100,000/year net + gst, reviews structured
Outcome: passed in after vendor bid at $1 million
Agents: Gareth Fraser, Tony Allsop & Adam White

Isthmus east

2 Kalmia St, Ellerslie.

Ellerslie

2 Kalmia St:
Features: 2032m² mixed-use site, net lettable area 1477m² in 4-level air-conditioned building, multiple tenants, dual road access, 45 parking spaces
Rent: $373,992.13/year net + gst
Outcome: sold for $5.4 million at a 6.9% yield
Agents: Gareth Fraser, Simon Child & Greg Goldfinch

South

Airport Oaks

46 Andrew Baxter Drive:
Features: 2940m² light industrial site, tenant Aquafit NZ Ltd, net lettable area 1816m² – offices & amenities 253m² at $200/m², warehouse 1031m² at $112/m², canopy 532m² at $60/m²
Rent: $197,992/year net + gst, new 5-year lease, 12-month bank bond
Outcome: sold for $3.9 million at a 5.08% yield
Agents: Brad Johnston & Paul Jarvie

East Tamaki

9 Bostock Place:
Features: 7099m² site, 3526m² floor area, longstanding tenant, potential to split building, large yard, dual road access
Rent: $392,532/year net + gst, 6-year lease
Outcome: withdrawn from auction
Agents: Paul Higgins & Greg Goldfinch

90 Lady Ruby Drive:
Features: 849m² light industrial site, gross lettable area 724m² – office 180m² at $210/m², workshop 38m² at $125/m², mezzanine above workshop 38m² at $60/m², warehouse 505m² at $125/m², canopy 31m² at $55/m², 100% seismic rating, tenant Tex Onsite Ltd
Rent: $109,802/year net + gst, new 5-year lease
Outcome: sold for $1.93 million at a 5.7% yield
Agents: Paul Jarvie & Jolyon Thomson

Attribution: Auction.

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2 sales & 2 leases on Shore

Colliers agents on the Shore have sold & separately leased an office unit in the North Harbour estate at Rosedale.

The agency sold a Porana Rd unit at auction last week and an office on Anzac St, Takapuna, has been leased.

North-east

Sales

Rosedale

65 Paul Matthews Rd, unit 4a:
Features: 72m² office, parking space
Outcome: sold vacant in January for $305,000 + gst
Agents: Janet Marshall & Nick Recordon

Wairau Valley

39-45 Porana Rd, unit 1:
Features: 308m² unit, ground-floor storage, upstairs offices, 4 parking spaces
Outcome: sold vacant for $660,000 at auction 1 March
Agents: Euan Stratton & Matt Prentice

Leases

Rosedale

65 Paul Matthews Rd, unit 4a:
Features: 72m² office, parking space
Rent: leased in February for $18,780/year net + gst, parking $15/space/week, net excluding parking $18,000, premises rental $250/m²
Agents: Janet Marshall & Nick Recordon

Takapuna

17 Anzac St, level 2:
Features: 172m² office, 3 parking spaces
Rent: $50,980/year net + gst, parking at $35/space/week, net excluding parking $45,520, premises rental $265/m²
Agents: Nick Recordon & Janet Marshall

Attribution: Agent release.

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Colliers to manage WestCity for new Adelaide owners

The Adelaide-based Angaet Property Group, which bought the WestCity mall at Henderson from the Scentre Group at a steep discount to target price at the end of last year, has appointed Colliers to manage the centre.

Angaet is owned by the DiMauro family, headed by Nick DiMauro & his son Michael, who have built up a portfolio of 25 shopping centres around Australia.

Angaet paid $A147 million for WestCity, over 20% short of the $A175 million price tag quoted by the Australian Financial Review when the property went back on the market last September. However, that price is just short of the book value ($NZ161.5 million/$A150.6 million) ascribed to WestCity in Scentre’s annual report out yesterday. The Scentre report put WestCity’s cap rate at 8.38%.

WestCity has a net lettable area of 36,108m² on a 5ha site, is anchored by Countdown, Farmers, The Warehouse & Event Cinemas, and has 130 specialty stores & 1492 parking spaces.

The sale was reported in Australia on 1 December, when it was subject to Overseas Investment Office approval, but Scentre said nothing about it until it was mentioned in passing in the group’s annual results release yesterday.

Colliers quoted Nick DiMauro yesterday: “I believe WestCity is a vibrant shopping centre, and the many infrastructure projects around the Henderson area in the near future will enhance the centre’s prominent position.

“We look forward to working with Colliers International to provide the best possible shopping experience for the residents of Henderson & its surrounding communities.”

Colliers will take over management of the centre from settlement.

6 of the 40 malls on Scentre’s books last year were in New Zealand, and WestCity was the last still wholly owned by the company after it sold 49% of 5 of them – Albany, Manukau, Newmarket, Riccarton & St Lukes – to Singapore’s sovereign wealth fund, GIC, at the end of 2014.

Scentre put WestCity & the other 3 New Zealand centres on the market in 2015 and sold 3 at the end of that year – Glenfield to Ladstone Holdings Ltd, Queensgate in Lower Hutt & Chartwell in Hamilton to the Diversified fund managed by Stride Property Ltd – for a combined $549 million.

Attribution: Company & agency releases.

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13 sales around North Island

13 sales & 2 leases around the North Island have been reported by Colliers.

Sales

Isthmus east

Newmarket

7 Edgerley Ave:
Features: 716m² site, 464m² commercial building
Outcome: sold for $3.45 million, representing $4818/m² land & building
Agents: Jonathan Lynch & Simon Child

Otahuhu

132 Portage Rd:
Features: 4960m² site, 2324m² office & warehouse
Outcome: sold for $4.5 million at a 6.5% yield
Agents: Hamish West, Ben Herlihy, Andrew Hooper & Matt Prentice

Penrose

60 Hugo Johnston Drive:
Features: 4175m² industrial property, 1117m² 2-level office building & 1087m² standalone warehouse
Outcome: sold for $5.45 million at a 6.72% yield
Agents: Paul Jarvie, Brad Johnston & Greg Goldfinch

Isthmus west

Mt Eden

108 Mt Eden Rd:
Features: 1070m² site, 700m² 2-level office building
Outcome: sold for $4.55 million, representing $4252/m² land & building
Agent: Jonathan Lynch

North-east

Rosedale

63 Apollo Drive, unit B1:
Features: 444m² commercial uni,
Outcome: sold vacant for $1.85 million
Agents: Nick Recordon & Janet Marshall

North-west

Kumeu

202-220 Main Rd:
Features: 4153m² site, 1740m² office & warehouse
Outcome: sold for $2.2 million, representing $530/m² land & building
Agents: Jonathan Lynch & Craig Smith

South

East Tamaki

27 Zelanian Drive:
Features: 5863m² vacant office & warehouse
Outcome: sold for $8.475 million
Agents: Andrew Hooper, Greg Goldfinch, Paul Higgins & Brad Johnston

South of the Bombays

Bay of Plenty

Mt Maunganui

24 Pacific Avenue:
Features: 675m² site, 440m² retail building,
Outcome: sold for $3.075 million at a 4.3% yield
Agents: Simon Clark, Rob Schoeser & Hadley Brown

Rotorua

422-430 Ngongotaha Rd:
Features: 2.66ha industrial development site, 1056m² warehouse,
Outcome: sold vacant for $2.4 million
Agent: Mark Rendell

Manawatu

Palmerston North

360 Albert St:
Features: 382m² site, 220m² retail building,
Outcome: sold for $800,000 at a 5.5% yield
Agents: Phil Nevill, Grant Lloyd & Doug Russell

314-322 Rangitikei St:
Features: vacant 1616m² property,
Outcome: sold for $1 million
Agents: Grant Lloyd, Phil Nevill & Doug Russell

Waikato

Hamilton

69 Vickery St, unit 9:
Features: 681m² industrial/retail unit,
Outcome: sold for $1.416 million at a 5.68% yield
Agent: John Hagar

Wellington

Lower Hutt

71 Port Rd:
Features: 4049m² site, 2411m² office & warehouse
Outcome: sold for $2.83 million
Agents: Tim Julian & Kieran Lennon

Leases

Isthmus east

Mt Wellington

103 Carbine Rd:
Features: 1664m² commercial premises leased to ECL Group Fuel Systems Ltd for a 6-year term on behalf of Windward Properties Ltd
Agents: Hamish West, Paul Higgins & Andrew Hooper

South of the Bombays – Wellington

Lower Hutt

109 Port Rd:
Features: 4852m² commercial premises leased to Linfox Logistics NZ Ltd for a 6-year term on behalf of Seaview Commercial Investments Ltd
Agent: Kieran Lennon

Attribution: Agency release.

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One property sells in truncated Colliers auction

Just one property sold at Colliers’ commercial auction on Wednesday, a Birkdale site on the North Shore with consent for a childcare centre.

2 other properties occupied by childcare centres, in Otahuhu & Albany, were passed in. A commercial showroom in East Tamaki and a real estate agency auctionroom & office in the Royal Oak Mall were also passed in.

The auction was reduced by the withdrawal of 4 food outlets, 3 at the new 301 Lincoln Rd development in Henderson and one at the also new development at 651 Whangaparaoa Rd, on the Whangaparaoa Peninsula.

Isthmus east

Otahuhu

18 Princes St:
Features: 1090m² site, 348m² floor area, established childcare centre purpose-built in 2011, occupied by Blossoms Educare on new 15-year lease, 3 10-year rights of renewal
Rent: $163,800/year net + gst at $44/child/week
Outcome: passed in at $2.8 million
Agents: Shoneet Chand & Peter Kermode

Royal Oak

Royal Oak Mall, 691 Manukau Rd, unit 58:
Features: 342m² office unit with Ray White auctionroom, seismic rating of 71% of new building standard, new 6-year lease, parking at mall & Pak ‘n Save
Rent: $80,000/year net + gst
Outcome: no bid
Agents: Gareth Fraser, Jonathan Lynch & Greg Goldfinch

North-east

Albany

287 Oteha Valley Rd:
Features: 1138m² site, 460m² lettable area, Magicland Ltd childcare centre on 15-year lease from completion of development in July by Wallace Development Co Ltd, one 10-year right of renewal, beside new retail development
Rent: $203,840/year net + gst
Outcome: no bid
Agents: Mike Ryan, Ellie Martin & Euan Stratton

Birkdale

126 Birkdale Rd:
Features: 916m² site, consented for childcare centre for 45 children
Outcome: sold for $1.1 million
Agents: Peter Kermode & Shoneet Chand

Whangaparaoa

651 Whangaparaoa Rd:
Features: vacant 127m² unit, 35m² outdoor
Outcome: withdrawn from auction
Agents: Deborah Dowling, Euan Stratton & Jessica Martin

North-west

Henderson

301 Lincoln Rd, unit A1, Aroma Thai restaurant:
Features: 159.4m², in new development, 8-year lease, 2 4-year rights of renewal
Rent: $76,512/year net + gst
Outcome: withdrawn from auction
Agents: Shoneet Chand, Craig Smith & Peter Kermode

301 Lincoln Rd, unit A4, Aroma Indian restaurant:
Features: 155m², in new development, 8-year lease, 2 4-year rights of renewal
Rent: $74,400/year net + gst
Outcome: withdrawn from auction
Agents: Shoneet Chand, Craig Smith & Peter Kermode

301 Lincoln Rd, units B1 & B2, Denny’s Restaurant:
Features: 421m², 6-year lease, 2 6-year rights of renewal
Rent: $141,035/year net + gst
Outcome: withdrawn from auction
Agents: Shoneet Chand, Craig Smith & Peter Kermode

South

East Tamaki

24A Harris Rd:
Features: 595m² floor area, Tile Space on 8-year lease, 2 4-year rights of renewal
Rent: $110,940/year net + gst
Outcome: passed in at $1.55 million
Agents: Jolyon Thomson & Paul Higgins

Earlier stories:
23 November 2016: Updated: Low yields maintained at 301 Lincoln Rd auction, all 3 now sold
30 November 2016: Yields 5.5% & lower on new Whangaparaoa centre’s units

Attribution: Auction.

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Onehunga & Penrose properties sell, but not New Lynn

2 of the 3 commercial properties auctioned at Colliers yesterday were sold under the hammer.

The other (pictured) – a rear site in the changing environment of downtown New Lynn, where 18-storey buildings are allowed – was passed in well short of the vendor’s hopes. It’s outlined in blue in the front left corner of the photo.

Isthmus east

Onehunga

37 Church St:
Features: 557m² site, 469m² net lettable area – warehouse 308m², office on 2 levels + amenities 128m², canopy 33m², mixed-use zone
Outcome: sold vacant for $1.21 million
Agents: Ben Cockram & Ben Herlihy

Penrose

49 Felix St:
Features: 759m² site, 522m² net lettable area – 388m² warehouse, 134m² office & amenities, offstreet parking, 250m² of sealed front yard
Rent: holding income of $5000/month + gst + opex to end of February
Outcome: sold for $1.36 million
Agents: Ben Cockram & Todd Kuzmich

North-West

New Lynn

3105 Great North Rd:
Features: 688m² site, 226m² building, zoned metropolitan centre, which allows up to 18 levels
Rent: holding income
Outcome: passed in at $310,000, back on market at $550,000
Agents: Deborah Dowling & Michael Bray

Attribution: Auction.

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Propbd on Q W7Dec16 – Auction results from Colliers, Bayleys & Barfoots

2 sell at Colliers
2 commercial units & apartment sell at Bayleys
57% intensives clearance at Barfoots

2 sell at Colliers

2 of the 3 commercial properties auctioned at Colliers today were sold under the hammer. Results:

Penrose, 49 Felix St, sold for $1.36 million, agents Ben Cockram & Todd Kuzmich
Onehunga, 37 Church St, sold for $1.21 million, Ben Cockram & Ben Herlihy
New Lynn, 3105 Great North Rd, passed in at $310,000, Deborah Dowling & Michael Bray

2 commercial units & apartment sell at Bayleys

2 separate commercial units in the Rosedale business precinct at Albany and the one city apartment auctioned at Bayleys today were sold under the hammer. Results:

Rosedale, 9 John Glenn Avenue, unit 2, sold for $1.81 million, Laurie Burt & Ashton Geissler
CBD, Learning Quarter, 96 on Symonds, 96 Symonds St, unit 1501, sold for $351,000, Marcus Fava
Rosedale, Interplex, 10 Canaveral Drive, unit A, sold for $1.25 million, Matt Mimmack & Alex Strever

57% intensives clearance at Barfoots

Barfoot & Thompson ran 2 residential auctions in 2 rooms at its city office today – back to the heyday of listings, but not of sales. All up, the 4 auctions put 70 homes before buyers, with another 6 sold prior.

27 were sold under the hammer for a 39% clearance rate, or 43% counting the sold priors, and 17 of the auctionroom sales were of intensive properties – apartments, suburban units or on cross-leased land. From an intensive list of 30 properties (the list below), that’s a clearance rate of 57%. Results from the intensive offering:

Meadowbank, 25A Fancourt St, cross-lease, no bid, agent Neno Radinovich
Waterview, 6A Alverston St, cross-lease, sold for $1.216 million, Stephen Shin & Barry He
Quay Park, Quba, 2 Tapora St, unit 425, leasehold, no bid, Jill Jackson & Emma John
Onehunga, 93J Mays Rd, sold for $573,000, Sue Ma & Hattie Huo
Mission Bay, 47 Tamaki Drive, unit 4, passed in, Amanda Zhou & Yuyu Cao
Ellerslie, 126 Marua Rd, unit 4, cross-lease, sold for $650,000, Steve Hood
St Johns, 2 Strong St, unit 3, cross-lease, sold for $626,000, Helen McVicar
Glendowie, 321 Riddell Rd, cross-lease, passed in, Grant & Moira Marshall
Remuera, 10A Muir Rd, cross-lease, sold for $1.02 million, Julie Fitzpatrick & Kathy Bower
St Heliers, 41 Sylvia Rd, unit 2, cross-lease, no bid, Kelly Midwood
St Heliers, 17 Ashwell St, units 1, 2 & 3, cross-lease, sold for $2.36 million, Thomas & Helen Weber
Mt Eden, 45 Edenvale Crescent, sold for $1.545 million, Kathy Bower
Remuera, 1 Mainston Rd, cross-lease, no bid, Steve Hood
Epsom, 11 Woodhall Rd, unit 2, cross-lease, sold for $1.205 million, Dee Brennan
Pakuranga, 1 Greenhill Crescent, unit 1, cross-lease, sold for $934,000, Dong & Lucca Liu
Mt Roskill, 1193A Dominion Rd, cross-lease, passed in, Kelly Zhang
Epsom, 10 Penrhyn Rd, cross-lease, sold for $1.975 million, Diana Buczkowski & Peter West
Greenlane, 24 & 26 Garland Rd, 2 homes on 1705m², passed in, John Zhang & Louissa Bao
Mt Roskill, 78 Haycock Avenue, unit 2, cross-lease, sold for $655,000, William & Simon MacLean
Epsom, 22 Pah Rd, unit 5, cross-lease, sold for $805,000, Dee Brennan
Greenlane, 11 Tawera Rd, unit 9, cross-lease, no bid, Danny Upton & James Yu
Epsom, 38 Epsom Avenue, unit 2B, no bid, Ricky Yap
Henderson, 15 Universal Drive, 2 homes on 1158m², no bid, George Fong & Maggie Xue
Learning Quarter, Oxford, 13 Mount St, unit 5K & parking unit 1Q, no bid, Duncan Wu
Mt Roskill, 61A Boyce Avenue, unit 2, cross-lease, no bid, David Chen & Joey Zhuang
Kingsland, 4F Don Croot St, unit, sold for $627,000, Matt O’Brien & Anah Jordan
Pt Chevalier, 5 Kanuka St, cross-lease, passed in, Andrew Gallagher & Matt O’Rourke
Mt Roskill, 639 & 2/641 Richardson Rd (listed as Avenue), one section fee simple and the other on cross-lease, no bid, Sunny Yang
Mt Wellington, 24 Bailey Rd, unit 1, cross-lease, sold for $550,000, Karin de Leeuw
Remuera, 34B Monteith Crescent, unit C, no bid, Lily Zhang & Jacquie Jia

Attribution: Auctions.

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