Tag Archives | Rosedale

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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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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8 commercial leases on Shore

Bayleys agents on the Shore have concluded 4 commercial leases in the Rosedale area & 4 in Albany, Milford, Northcote & the Wairau Valley.

Leases:

North-east

Albany

5-7 Henry Rose Place, unit 5:
Features: 470m² unit – warehouse 345m², office 125m², 7 parking spaces
Rent: leased in February for $75,000/year net + gst, premises rental $160/m² (no extra for parking)
Agent: Laurie Burt

Milford

164 Kitchener Rd, unit 3:
Features: 155m² retail unit, parking space
Rent: leased in February for $48,300/year net + gst, parking $25/space/week, premises rental $403/m²
Agents: Ildy Meixner, Alex Strever & Steven Liu

Northcote

Downstairs of 67 Onewa Rd:
Features: 212m² industrial space – showroom 116m², other area 96m², 5 parking spaces
Rent: leased in February for $28,000/year net + gst, premises rental $132/m² (no extra for parking)
Agents: Steven Liu & Damian Stephen

Rosedale

112 Bush Rd, unit L:
Features: 186m² office, 7 parking spaces
Rent: leased in February for $53,000/year net + gst, parking $20/space/week, net excluding parking $45,720/year, premises rental $245/m²
Agent: Alex Strever

10 Canaveral Drive, unit 3:
Features: 344m² industrial unit – office 50m², warehouse 244m², showroom 50m², 6 parking spaces
Rent: leased in February for $58,000/year net + gst, parking $20/space/week, premises rental $168.60/m²
Agent: Matt Mimmack

Part of 1-3 Parkhead Place:
Features: 873m² unit – 713m² warehouse, 160m² office, 12 parking spaces
Rent: leased in February for $112,000/year net + gst, premises rental $128.29/m² (no extra for parking)
Agent: Laurie Burt

23 William Pickering Drive, part of unit E:
Features: 193m² office, 10 parking spaces
Rent: leased in February for $45,200/year net + gst, parking $15/space/week, premises rental $234/m²
Agent: Alex Strever

Wairau Valley

Corrected: 21 Poland Rd, unit 13:
Features: 321m² industrial unit (and the breakdown now equals the total) – office 55m², warehouse 220m², showroom 46m², 6 parking spaces
Rent: leased in February for $44,300/year net + gst, premises rental set at office $180/m², warehouse $120/m², showroom $170/m²
Agent: Trevor Duffin

Attribution: Agency release.

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Avondale sale & 5 Shore leases

Bayleys agents on the Shore have completed one warehouse unit sale in Avondale and 5 leases in Milford, Rosedale & the Wairau Valley.

The Apollo Drive retail unit at Rosedale is in a development (pictured) completed by Kea Property Development Group Ltd in December. It’s anchored by a childcare centre and has 13 retail units totalling 941m² of the 5218m² site. 2 other retail units were sold a month ago.

Sale:

Isthmus west

Avondale

16 Timothy Place, unit B:
Features: 287m² unit – 206m² warehouse, 81m² office
Rent: $46,956/year net + gst
Outcome: sold in February for $855,000 + gst at a 5.49% yield, $2979/m²
Agent: Ranjan Unka

Leases:

North-east

Milford

162 Kitchener Rd, level 1:
Features: 133.4m² office, parking space included
Rent: leased in February for #33,094.99/year net + gst, premises rental $248/m²
Agents: Paul Prouse & Ryan Dannhauser

Rosedale

56 Apollo Drive, unit 6:
Features: 95m² retail unit, shared parking
Rent: leased in February for $52,250/year net + gst, premises rental $550/m²
Agents: Laurie Burt & Eddie Zhong

14 John Glenn Avenue, unit B:
Features: 199m² retail unit, shared parking
Rent: leased in February for $85,000/year net + gst, premises rental $420/m²
Agent: James Yu

36 William Pickering Drive, unit 2:
Features: 103m² office, 5 parking spaces
Rent: leased in February for $27,860/year net + gst, parking $20/space/week, net excluding parking $22,660, premises rental $220/m²
Agent: Ryan Dannhauser

Wairau Valley

68 Hillside Rd, unit C:
Features: 344.68m² industrial unit – warehouse 266.43m², mezzanine 78.25m², 5 parking spaces included
Rent: leased in February for $35,000/year net + gst, premises rental $101.54/m²
Agent: Trevor Duffin

Earlier story:
5 February 2017: 2 new Apollo Drive units among January sales

Attribution: Agency release.

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Albany site sells

A site on the Albany Highway has been sold and 4 leases signed in the latest transactions by Bayleys’ North Shore office.

Sales:

North-east

Albany

281 Albany Highway:
Features: 2737m² site
Outcome: sold for $3 million + gst at $1096/m²
Agents: Ranjan Unka, Anna Radkevich & Andrew Smith (Wellington)

Leases:

North-east

Albany

42 Tawa Drive, suite A:
Features: 74m² office, 2 parking spaces
Rent: leased in February for $21,690/year net + gst, parking $20/space/week, net excluding parking $19,610/year, premises rental $265/m²
Agents: Ryan Dannhauser & Paul Prouse

Rosedale

5 Douglas Alexander Parade, unit B5:
Features: 110m² industrial unit, 2 parking spaces
Rent: leased in January for $22,500/year net + gst at $205/m² (parking free)
Agents: James Kidd & Laurie Burt

Wairau Valley

26 Porana Rd:
Features: 170m² industrial unit – warehouse 80m², mezzanine 90m², 2 parking spaces
Rent: leased in February for $15,000/year net + gst at $88.23/m²
Agent: Trevor Duffin

North-west

Henderson

91 Central Park Drive, part first floor:
Features: 120m² office, 3 parking spaces
Rent: leased in February for $29,500/year net + gst, parking $25/space/week, net excluding parking $25,600/year, premises rental $213.34/m²
Agents: Paul Prouse & Laurie Bell

Attribution: Agency release.

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2 new Apollo Drive units among January sales

Bayleys North Shore agents have sold 2 units in a new Apollo Drive development and 3 other properties, and concluded 3 lease agreements.

Sales:

North-east

Orewa

21 Tamariki Avenue:
Features: 559m² site, 316m² office building, 11 parking spaces, first floor occupied by BDS Hughes Chartered Accountants, ground floor vacant; town centre zoning
Rent: first-floor income $27,010/year net
Outcome: sold in January for $1.425 million + gst
Agents: Rosemary Wakeman & Mustan Bagasra

Rosedale

56 Apollo Drive, unit 9:
Features: new 108m² restaurant/café in Kea Property Ltd development – retail area 78m², covered courtyard 30m², shared parking
Outcome: sold in January for $740,000 + gst, at $8303/m² retail area, $3076/m² courtyard
Agents: Terry Kim, Adam Curtis, Damian Stephen, Michael Block & Eddie Zhong

56 Apollo Drive, unit 3A(4):
Features: 69m² retail unit, shared parking
Outcome: sold in January for $561,000 + gst, at $8250/m²
Agents: Terry Kim, Adam Curtis, Damian Stephen, Michael Block & Eddie Zhong

239 Rosedale Rd, unit R:
Features: 135m² retail unit, 4 parking spaces
Outcome: sold for $443,000 + gst at $3281.48/m² (parking free)
Agents: Anna Radkevich (Bayleys) & Alan Woodford (Ray White)

Wairau Valley

170 Wairau Rd, unit 21:
Features: 107m² retail unit, tenant Swim Mart
Rent: $49,500
Outcome: sold in January for $875,000 + gst at a 5.7% yield, $8178/m²
Agents: Adam Watton & Adam Curtis

Leases:

North-east

Rosedale

Part of 93 Apollo Drive:
Features: 900m² – warehouse 875m², office 25m², no parking
Rent: leased in January for $130,000/year net + gst at $145/m²
Agents: Matt Mimmack (Bayleys) & Matt Prentice (Colliers)

Wairau Valley

77 Porana Rd, unit 11:
Features: 223m² unit – office 40m², warehouse 131m², other area 31m², 3 parking spaces
Rent: leased in January for $34,000/year net + gst
Agents: Paul Prouse & Trevor Duffin

North-west

Kumeu

7 Shamrock Place:
Features: 512.8m² unit – office 153,9m², warehouse 358.9m², 8 parking spaces
Rent: leased in January for $60,000/year net + gst at $156.66m² office, $100/m² warehouse (parking free)
Agent: Rosemary Wakeman

Attribution: Agency release.

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10 leases & a sale

Bayleys agents on the Shore have signed up a sale & 10 leases over the summer in Albany, Rosedale & Wairau Valley on the Shore, one in the cbd and the other in New Lynn.

Sale:

North-east

Rosedale

239 Rosedale Rd, unit O:
Features: 69m² office
Outcome: sold in January for $285,000 + gst at $4130.43/m² land & building
Agents: James Yu (Bayleys) & Stephen Wong (Ray White)

Leases:

CBD

Queen St

Queens Court, 368 Queen St, unit G16:
Features: 20m² retail
Rent: leased in November for $28,306.73/year net + gst, premises rental $1415.34/m², gross $43,000/year + gst
Agent: Steven Liu

North-east

Albany

52 Oteha Valley Rd, unit M, tenancy A:
Features: 128m² retail
Rent: leased in December for $60,000/year net + gst, premises rental $469/m²
Agents: Adam Curtis, Adam Watton & Eddie Zhong

52 Oteha Valley Rd, unit M, tenancy B:
Features: 150m² retail
Rent: leased in December for $55,000/year net + gst, premises rental $367/m²
Agents: Adam Curtis, Adam Watton & Eddie Zhong

Rosedale

59 Apollo Drive, unit F1:
Features: 134m² unit – office 87m², warehouse 47m², 2 parking spaces
Rent: leased in January for $35,000/year net + gst, parking $15/space/week, net excluding parking $33,440/year, premises rental $249.55/m²
Agents: Paul Prouse & Jane Sims

9 Piermark Drive, first floor, unit A:
Features: 38.4m² office, parking space
Rent: leased in January for $10,630/year net + gst, parking $15/week, net excluding parking $9850/year, premises rental $257/m²
Agent: Paul Prouse

13 Ride Way, unit E:
Features: 176.12m² unit – office 82.58m², warehouse 93.54m², 3 parking spaces
Rent: leased in January for $26,500/year net + gst, premises rental $150/m² (parking free)
Agent: Laurie Burt

331 Rosedale Rd, building 6, suite B:
Features: 26.48m² office, parking space
Rent: leased in January for $8340/year net + gst, parking $20/week, net excluding parking $7300/year, premises rental $276/m²
Agent: Paul Prouse

Part 39 William Pickering Drive:
Features: 346m² – office 91m², warehouse 240.6m², other area 13.3m², 5 parking spaces
Rent: leased in December for $45,000/year net + gst, premises rental $135/m² (parking & other area free)
Agents: Laurie Burt & Matt Mimmack

Wairau Valley

89 Ellice Rd, unit 3C:
Features: 125m² unit – office 25m², warehouse 100m², 2 parking spaces
Rent: leased in January for $30,000/year net + gst, premises rental $240/m² (parking free)
Agents: Adam Watton & Adam Curtis

North-west

New Lynn

3047 Great North Rd, part ground floor:
Features: 562.24m² office, 8 parking spaces
Rent: leased in December for $160,400/year net + gst, parking $25/space/week, net excluding parking $150,000/year
Agents: Dean Gilbert-Smith, Damian Stephen & Laurie Bell

Attribution: Agency release.

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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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Bayleys Shore agents finish year with 4 sales & 6 leases

Bayleys agents on the North Shore finished 2016 with 4 sales outside the auctionroom, 2 of them in Freemans Bay & East Tamaki, and 6 leases on the Shore.

The sales included 2 adjoining properties across the street from the New World supermarket in Freemans Bay (pictured), used for their office space but sold for their land at $6490/m².

Sales:

Isthmus west

Freemans Bay

3 Scotland St & 44 Ireland St:
Features: 490m² in 2 titles zoned mixed use, 2 office buildings totalling 281.7m², 7 parking spaces
Rent: $63,669/year net
Outcome: sold through a tender in December for $3.18 million + gst at a 2% yield, land price $6490/m²
Agents: Paul Prouse, Ranjan Unka & Stephen Scott

North-east

Northcote

218-224 Lake Rd:
Features: 2494m² site, 896m² office building zoned mixed housing, 32 parking spaces
Outcome: sold in November for $4.45 million + gst at $1784.28/m² land & building
Agents: Tonia Robertson & Chris White

Rosedale

6-8 Omega St, unit 5:
Features: 165m² office unit, 3 parking spaces + 2 shared
Outcome: sold for $540,000 + gst, at $3272/m² land & building
Agents: Ildy Meixner & Alex Strever (Bayleys), Brian Paulin (Barfoot & Thompson)

South

East Tamaki

26 Ross Reid Place:
Features: 7218m² industrial site, 4722m² building
Rent: $616,008.71/year net
Outcome: sold in December for $10 million + gst at a 6.16% yield
Agents: Laurie Burt, Michael Nees, Simon Aldridge & David Huang

Leases:

North-east

Albany

221-223 Dairy Flat Highway, shop 2:
Features: 88m² shop, 3 parking spaces
Rent: leased in December for $26,000/year net + gst at $295.50/m² (assuming parking free)
Agents: Steven Liu & Ildy Meixner

Milford

6-8 Milford Rd, level 1:
Features: 20m² office, no parking
Rent: leased in December for $7500/year net + gst, premises rental $375/m²
Agent: David Huang

Rosedale

9 Beatrice Tinsley Crescent, part unit F:
Features: 278m² warehouse, no parking
Rent: leased in December for $32,000/year net + gst, premises rental $115/m²
Agent: Laurie Burt

61 Constellation Drive, part building 3, level 2:
Features: 292m² office, 9 parking spaces
Rent: leased in December for $109,778.40/year net + gst, $93,398 excluding parking, parking at $35/space/week, premises rental $320/m²
Agents: Ryan Dannhauser, Alex Strever, Jane Sims & Paul Prouse

7 Vega Place, unit F:
Features: 155m² unit – warehouse 57.6m², showroom 20m², low-stud area 17m², office 20m² (40m² unspecified), 3 parking spaces
Rent: leased in December for $23,000/year net + gst at $148/m² (assuming parking free)
Agent: Laurie Burt

36 William Pickering Drive, unit 7:
Features: 305.5m² floor & yard – office 102m², warehouse 137.5m², yard 66m², 5 parking spaces
Rent: leased in December for $40,000/year net + gst at $130.90/m² (assuming parking free)
Agents: Laurie Burt & Trevor Duffin

Attribution: Agency release.

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6 units sell in new Christchurch centre, 2 Auckland commercial sales

6 of the 14 units in a new Christchurch 14-unit retail convenience centre, 987 Centre at Ferrymead, were sold at Bayleys’ auction yesterday.

In Auckland, a Rosedale warehouse & showroom was sold at Bayleys’ auction on Wednesday and a property in the Panmure town centre (pictured above) has been sold, taking to 4 the number of post-auction sales arising from the agency’s final Total Property portfolio auction on 30 November.

South Island – Canterbury

Christchurch

Ferrymead, 987 Centre, 987 Ferry Rd: New 14-unit retail convenience centre, part of a 2ha retail hub anchored by a Mega Mitre 10 Trade drive-through at the rear, tenants started moving in late October.

Agent for all units: Blair Young

Ferrymead, unit 1.

Unit 1:
Features: 162m2 corner unit, 4 parking spaces, leased to ASB Bank for 6 years, 2 3-year rights of renewal & 3-yearly rent reviews to market
Rent: $59,265/year net + gst
Outcome: sold for $1.02 million at a 5.81% yield

Unit 4:
Features: 94m2, 2 parking spaces, leased to Flight Centre for 6 years, 2 6-year rights of renewal & 3% annual rent increases with review to market on renewal
Rent: $34,130/year net + gst
Outcome: sold for $582,000 at a 5.86% yield

Unit 5:
Features: 108.5m2, 3 parking spaces, leased to Pita Pit for 10 years, 3 5-year rights of renewal & 3-yearly rent reviews to market
Rent: $48,951/year net + gst
Outcome: sold for $805,000 at a 6.08% yield

Unit 7:
Features: 128m2, 6 parking spaces, leased to T-Sushi for 10 years, 2 5-year rights of renewal & 2-yearly rent reviews to market
Rent: $48,735 /year net + gst
Outcome: sold for $835,000 at a 5.83% yield

Unit 9:
Features: 117m2, 3 parking spaces, leased to Pepe’s Mexican Grill for 10 years, 3 5-year rights of renewal & 2-yearly rent reviews to market
Rent: $43,325/year net + gst
Outcome: sold for $650,000 at a 6.66% yield

Unit 11:
Features: 144m2, 7 parking spaces, leased to House of Travel for 6 years, 2 3-year rights of renewal & 3-yearly rent reviews to market
Rent: $54,937/year net + gst
Outcome: sold for $945,000 at a 5.81% yield

Sold at Auckland auction Wednesday

North-east

Rosedale

57-59 Paul Matthews Rd, unit 6:
Features: 194mwarehouse, showroom & office unit, 3 parking spaces, established tenant on renewed lease term
Rent: $36,300/year net + gst
Outcome: sold for $653,000 at a 5.56% yield
Agents: James Kidd & Laurie Burt

Sold post-30 November auction:

Isthmus east

Panmure

The retail complex at 141-157 Queens Rd, Panmure, which has the Government agency, Tamaki Regeneration Co Ltd, as a tenant.

141-157 Queens Rd:
Features: 2963m2 site in 2 titles zoned business town centre (27m height limit), 1464m2 retail complex, 35 rear parking spaces; 4 tenants, 3 in occupation for over 20 years, including ANZ Bank, which has just renewed
Rent: $357,000/year net + gst
Outcome: sold post-auction for $5.5 million at a 6.49% yield to a buyer from China
Agents: Mark Pittaway & Harry Cheng

Earlier story:
Updated: Strong yields as 14 sell at Bayleys’ commercial auction, 3 post-auction sales

Attribution: Agency release.

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