Tag Archives | Takapuna

3 sales & 7 leases on Shore

Bayleys agents on the Shore have completed 3 sales in Rosedale & Unsworth Heights, and 7 leases spread around Hauraki, Milford, Northcote, Rosedale & Takapuna.

North-east

Sales:

Rosedale

5 Civil Place, unit B:
Features: 232.1m² industrial unit – warehouse 143.6m², first-floor office 47.6m², ground-floor 40m², 4 parking spaces
Rent: $34,000 + gst
Outcome: sold in March for $726,000 + gst at a 5.68% yield, $3128/m² (including parking)
Agents: Matt Mimmack & Laurie Burt

27-29 William Pickering Drive, unit F4:
Features: 210m² office, 6 parking spaces
Outcome: sold in March for $760,000 + gst, $3619/m² (including parking)
Agents: Alex Strever & Ildy Meixner

Unsworth Heights

145 Unsworth Drive, unit 7:
Features: 186m² retail, 5 parking spaces
Outcome: sold in March for $520,000 + gst at $2796/m² (including parking)
Agents: Dean Gilbert-Smith & Adam Curtis

Leases:

Hauraki

347-349 Lake Rd, shop 2:
Features: 55m² retail
Rent: leased in March for $17,000/year net + gst, premises rental $309/m²
Agents: David Huang & Adam Curtis

Milford

56 Apollo Drive, unit 3A:
Features: 67.4m² retail,
Rent: leased in March for $34,000/year net + gst, premises rental $504/m²
Agent: Terry Kim

177A Shakespeare Rd, upper floor:
Features: 68m² office, 3 parking spaces
Rent: leased in March for $24,000/year net + gst, premises rental $353/m² (parking free)
Agent: Terry Kim

Northcote

Northmed, 3 Akoranga Drive, tenancy 3:
Features: 280m² retail, 2 parking spaces
Rent: leased in March for $160,520/year net + gst, parking $25/space/week, premises rental $564/m²
Agent: Jane Sims

Rosedale

34 Triton Drive, unit C4:
Features: 230m² office, 7 parking spaces
Rent: leased in March for $59,000/year net + gst, parking $20/space/week, net excluding parking $51,760/year, premises rental $225/m²
Agent: Alex Strever

36 William Pickering Drive, unit 4:
Features: 175m² industrial unit, 7 parking spaces
Rent: leased in March for $32,000 – 58m² office at $221/m², 67m² warehouse $120/m², 50m² showroom $221/m²
Agents: Ryan Dannhauser & Trevor Duffin

Takapuna

475 Lake Rd, level 1:
Features: 110m² office, 2 parking spaces
Rent: leased in March for $27,320/year net + gst, parking $30/space/week, $24,200 excluding parking, premises rental $220/m²
Agents: Dean Gilbert-Smith, Adam Curtis, David Huang, Michael Nees & Simon Aldridge

Attribution: Agency release.

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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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7 apartment & townhouse auction sales

Bayleys agents sold one city apartment & 6 suburban townhouses & units at auctions around the Auckland region last week.

CBD

Quay Park

Scene 1, 2 Beach Rd, unit 1108:
Features: leasehold, 2-bedroom apartment, 2 parking spaces, deck
Outgoings: rates $1519/year including gst; body corp levy $4132/year, ground rent $7289/year
Income assessment: $610/week current
Outcome: sold prior for $180,000
Agent: Marcus Fava

Isthmus east

One Tree Hill

52A Campbell Rd, unit 2:
Features: 2-bedroom unit, deck, carport
Outcome: sold for $717,000
Agent: Lindy Lawton

Isthmus west

Sandringham

22 Coyle St, unit 3:
Features: 2-bedroom unit
Outcome: sold for $735,000
Agent: Summer Sun

North-east

Hauraki

18 Sydney St, unit 2:
Features: refurbished 2-level 4-bedroom townhouse, 2 bathrooms, garage
Outcome: sold for $1,092,500
Agents: Desley McCowan & Joan Barton

Takapuna

27 Waitemata Rd, unit 1:
Features: 2-level 3-bedroom townhouse, office, 2 bathrooms, deck, 3 parking spaces
Outcome: sold prior for $1.505 million
Agent: Jennifer Keenan

South

Bucklands Beach

191 Gills Rd, unit 2:
Features: 3-bedroom townhouse, deck, garage
Outcome: sold for $751,000
Agent: Gary Robertson

191 Gills Rd, unit 4:
Features: 3-bedroom townhouse, garage
Outcome: sold for $735,000
Agent: Gary Robertson

Attribution: Agency release.

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Takapuna reference group lodges ideas on how to upgrade

The Greater Takapuna Reference Group – a group of volunteers representing diverse community interests – has identified 7 steps to help shape the Takapuna town centre.

The group briefed the Devonport-Takapuna Local Board on its collective thinking on 6 December and its list of ideas for the town centre will be presented to the board’s meeting on Tuesday.

Its first input since its appointment last April has been to council organisation Panuku Development Auckland’s framework plan for its ‘unlock’ project for the Takapuna town centre.

Image above: A view from Panuku’s Tomorrow’s Takapuna video, ocean to the left, harbour & cbd to the right.

The group has told the local board it’s willing to continue putting ideas to the board, but it’s also told the board of concerns at having political membership of the group.

Issue over political representatives

Board staff recommended in November that there be political representatives – 2 from the local board and one from the council governing body – and the board voted for George Wood – former North Shore mayor, Auckland ward councillor and now local board deputy chair – and board member Jan O’Connor to join the group.

The board also agreed in November that there should be a representative of the retail sector and 2 other Takapuna residents of on the group.

However, after discussion with the group’s independent facilitator, staff have said in a report to Tuesday’s meeting: “While having local board & governing body member oversight & input into the group has been beneficial, staff request that the local board reconsider political representation on the reference group. This is suggested for the following reasons:

  • The group has reached a critical stage in its formation that could easily be undone through the introduction of new individuals not sharing the same learned values the existing group has. The group are all volunteers who can leave the group at any time. They serve on the group only because they believe they can provide a collective value to the local board & the community through their considered advocacy
  • The reference group is a group of people representing a diverse range of opinions & backgrounds. Through this process, they have become a group that listens carefully & respectfully to each other’s views and share their thoughts openly & honestly with one another
  • The issues considered by the group so far have been the thinking behind the Takapuna ‘Unlock’ project together with the streetscape upgrade of Hurstmere Rd. The group briefed the local board on 6 December about the work they had undertaken and described the common ground they had reached with regard to a desired future Takapuna.”

The group has people from the following sectors: Events, youth, parks, Panuku, transport, arts, education, Sunday market, local board, Auckland Council, residents of High, medium & low density housing, accessibility, community, tangata whenua, business, technology & health.

Council staff said they hadn’t found any extra candidates they could recommend.

13 must-haves

After 3 months of hearing each other’s views about Takapuna, the group agreed to specifically consider: “How can we as a community influence Takapuna’s development as a great place to work, live & play by enhancing our social, economic, natural & cultural environment and creating open & civic spaces for all ages & abilities to enjoy?”

First, the group considered success factors, identifying 13 ‘must-haves’:

  • Open public space
  • Public transport with high usability
  • Traffic flowing
  • Sufficient parking
  • Abundant & secure market opportunities
  • Housing affordability, access & supply
  • Natural environment maintained & enhanced
  • Maori perspective embraced
  • Retail, hospitality & accommodation vibrant
  • Arts & culture welcomed & supported
  • Universal design ensures multi-use spaces and connections, with an emphasis on pedestrian & cycle movement
  • Events are welcomed & supported
  • Employment opportunities (especially technology) pursued.

7 ideas on what Takapuna could be

A view from Panuku’s Tomorrow’s Takapuna video, ocean to the left, harbour & cbd to the right.

A number of the group members wrote about their visions of a future Takapuna that had them journeying around a Takapuna that was accessible, attractive & vibrant. The 7 narratives were then integrated into a ‘super narrative’ to give an idea of what Takapuna could be. Initial recommendations that could have a positive catalytic effect:

Gasometer site (fronting Huron, Auburn & Northcroft Sts): It is recommended that a dedicated carpark be built for longstay & all-day parkers on the gasometer site, first & foremost. The building is to be adaptable with residential & retail options possible in the future. The reference group also recognised that there will be disruption to shortstay parking with future development of the Anzac carpark and suggested that the gasometer site might have flexibility to temporarily cater for shortstay parking over the disruption period.

Open public space: In recognition that public spaces are gathering points where city dwellers interact, congregate, celebrate and break down barriers, it is recommended that there be a mix of green & hard spaces that are ‘activated’ and are of various sizes. It is recommended that sizeable green spaces are maintained and opportunities to increase green space like the Northern Reserve are explored. It is recommended that connections & viewshafts are opened up between the public spaces, for example from the ‘civic plaza’ (discussed in the next recommendation) across open space to Hurstmere Green and then beyond to the Takapuna Beach reserve, the beach and to Rangitoto across the channel. It is recommended that there be exploration of better using the hard space by the current library site.

Anzac Quarter: It is recommended that a heart be created for Takapuna on the current Anzac carpark in the form of a ‘civic plaza’ that could be called the Anzac Quarter. It is recommended that the TAB & Burger King building be purchased and added to Potter’s Park together with additional space to create a civic plaza of about 80m² for public use. Creative design will enable activation of the space. It is recommended that all war memorials be moved into this space. It is recommended that consideration be given to moving the library into the Anzac Quarter. It is recommended that a height limit of 6 storeys be encouraged around the Anzac Quarter to maximise sun and limit shade & wind. It is recommended that the multi-use design in Panuku thinking that includes opportunities for street markets & events be supported.

Sunday market: In recognition that the current format of the Sunday market requires hard surfaces & extensive vehicle access that can be found in Smales Farm as well as in the current Anzac carpark, it is recommended that there be a medium-term plan to relocate the Sunday market. This plan should:

  • have plenty of lead-in time to a change of venue
  • be initiated at the time of the Anzac Quarter developments
  • have minimal disruption to the Sunday market experience
  • take into account transport links between Smales Farm & Takapuna town centre.

Hurstmere Rd developments: It is recommended that the Hurstmere Rd developments be planned, engaged on and implemented at the same time as the Panuku Unlock initiative. Although the responsible agencies (Panuku, Auckland Council, Auckland Transport, local board) have differing budgets, the outcomes of the changes affect all Takapuna residents, workers & visitors. It is therefore crucial that these agencies fully collaborate on development in Takapuna.

Universal design: It is recommended that Takapuna become a flagship destination for universal design. Universal design is the design of products & environments to be usable by all people to the greatest extent possible without need for adaptation. It is driven by a mindset of an inclusive environment that is good for everyone. It is recommended that all design decisions in Takapuna have universal design incorporated from the outset with no more retrofitting! It is noted that the new playground by the beach is already proving universal design value.

Events: It is recommended that all agencies with decision-making authority in Takapuna agree an event-friendly policy. Recognising that events bring people & income to Takapuna, it is important that governing bodies support events in principle and work with event organisers to plan & run events smoothly. It is recommended that the proposed Anzac Quarter in addition to Gould Reserve & Hurstmere Green be used for events.

Regeneration over the whole region

What’s ‘unlock’?

When Panuku set out its plans for regeneration in 2015 it needed both some quick hits and the presentation of action around the whole region.

To do both, it created 3 priority lists – first the majors to transform, second a list of 8 centres (and the council’s network of villages to house the elderly) where the project would be less extensive, and a third list of comparatively minor projects.

Work has started on some projects in all categories.

Transform:

  • Wynyard Quarter
  • Manukau Metropolitan Centre and surrounds
  • Onehunga Town centre and Port
  • Tamaki regeneration (in partnership)

Unlock:

  • Takapuna town centre
  • Northcote town centre & surrounds (including Housing NZ block)
  • City centre
  • Old Papatoetoe town centre
  • Henderson town centre
  • Hobsonville
  • Ormiston town centre & nearby sites in Flatbush
  • Housing for older persons network of villages

Support:

  • Mt Eden (Dominion & Valley Rds)
  • Whangaparaoa (Link Crescent)
  • New Lynn
  • Avondale
  • Pukekohe
  • Stonefields (Morrin, Merton & Donnelly Rds)
  • Howick (Fencible Drive)
  • Otahuhu

Links: Panuku, Takapuna
Local board agenda item: Greater Takapuna Reference Group, February report

The list of previous stories below is extensive, to give you an idea of how things have/haven’t developed for Takapuna this millennium.

Earlier stories:
9 March 2016: Takapuna & Northcote first up for revitalisation
6 December 2015: How Panuku proposes to lead transformation of Auckland
4 December 2015: Manukau & Onehunga earmarked for transformation
19 November 2014: Board does the Shore thing, micromanaging Takapuna centre plan
20 September 2013: Anzac St West plan change gets final council approval
15 September 2010: Takapuna planning framework endorsed, after a bit of relitigation
9 December 2009: Weipers confident of starting Merge on gasometer site next year
9 December 2009: Takapuna development framework document nearly complete
7 September 2009: Anzac West seen as model for redevelopment of centre fringes
22 July 2009: Slow journey to a centres parking strategy
2 June 2008: Location lodges consent application for gasometer site tower
23 May 2008: Brookfield Multiplex & Perron working on Takapuna Strand plans, and wharf concepts being fine-tuned
13 May 2008: Precinct plans to be prepared for Anzac St West & Beachfront/Strand
15 May 2007: Takapuna strategic review bemoans residential influx, ignores fundamental cbd question
23 April 2007: Council agrees to 30-storey development on Takapuna gasometer site
13 October 2006: Ferry wharves proposed for Takapuna & Browns Bay
17 April 2006: Shore council sets out programmes for plan changes & district plan review
4 April 2006: Shore council puts 2 options on town centre rejuvenation
8 February 2005: East Coast Bays ferry study to coincide with overall transport plan
2004: Update: Final gasometer site decision in 4 weeks
2 March 2001: Takapuna plan out for consultation
26 July 2000: Prescribing layout for development already in motion: the Albany expansion zone

Attribution: Local board agenda, Panuku & council images.

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Sale & 8 leases on Shore

Bayleys agents on the North Shore have concluded one sale outside the auctionroom and signed up 8 new tenants in their latest transactions report. I’ve omitted some of the premises rental figures which seemed to include parking at zero.

North-east

Sales:

Albany

6-8 Omega St, unit 7 & 9:
Features: 449m² office unit
Rent: $110,000/year net, new 3-year lease
Outcome: sold in December for $1.56 million + gst at a 7.05% yield
Agents: Alex Strever. Dean Gilbert-Smith, Michael Nees, Simon Aldridge, David Huang & Matt Mimmack

Leases:

Albany

12 Oteha Valley Rd extension:
Features: 274m² retail,
Rent: leased in November for $62,500/year net + gst, premises rental $228/m²
Agents: Adam Curtis, Adam Watton & Eddie Zhong

Forrest Hill

97 Sunnynook Rd:
Features: 100m² office, 8 parking spaces
Rent: leased in November for $36,000/year net + gst
Agent: Terry Kim

Northcote

48 Lake Rd, unit C:
Features: 158m² retail, 2 parking spaces
Rent: leased in October for $33,000/year net + gst
Agents: Steven Liu & Damian Stephen

Rosedale

8 Triton Drive, unit A:
Features: 346m² – office 136m², warehouse 212m², 5 parking spaces
Rent: leased in December for $57,000/year net + gst
Agents: Laurie Burt

Silverdale

1 Keith Hay Court, unit 4:
Features: 121.18m² warehouse, 3 parking spaces
Rent: leased in October for $21,813/year net + gst
Agent: Rosemary Wakeman

Takapuna

495 Lake Rd, tenancy B:
Features: 220m² office
Rent: leased in October for $44,000/year net + gst, premises rental $200/m²
Agents: Jane Sims

1-7 The Strand, level 4:
Features: 694m² office, 15 parking spaces
Rent: leased in December for $274,960, parking $50/space/week, rent net of parking $235,960/year, gross premises rental $340/m²
Agents: Dean Gilbert-Smith, Tonia Robertson & Chris White

Wairau Valley

54 View Rd, unit 10:
Features: 142m² unit – office 71m², showroom 71m², 2 parking spaces
Rent: leased in December for $35,000/year net + gst
Agents: Ashton Geissler & Matt Mimmack

Attribution: Agency release.

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Takapuna WINZ building sold

The 4-storey WINZ (Work & Income NZ) building (pictured), built across Lake Rd from the Shore City mall in Takapuna in 1986, has been sold at a 5.74% yield and a land price of $9470/m².

Bayleys took the property to tender closing on 27 October.

It was one of 2 sales & 2 leases in Bayleys North Shore’s latest transaction roundup.

TV & online marketing company Brand Developers Ltd occupies most of the building on a lease running until 2026, with a possible extension, but the buyer has the option of taking possession of the Brand Developers premises on 3 years’ notice.

North-east

Sales:

Silverdale

152 Foundry Rd, unit 4:
Features: 411m² industrial unit, 7 parking spaces
Outcome: sold in November for $1.3 million + gst
Agents: Adam Watton, Adam Curtis & Eddie Zhong

Takapuna

519-521 Lake Rd:
Features: 2587m² L-shaped site zoned metropolitan centre under unitary plan with height allowance of 72.5m (18 storeys), 4882m² 4-storey building, WINZ (Work & Income NZ) occupies 1589m² ground-floor, TV & online marketing company Brand Developers Ltd occupies the rest on 12-year lease to 2026 with one 6-year right of renewal, 74 parking spaces
Rent: $1,405,781/year net
Outcome: sold by tender in November for $24.5 million + gst at a 5.74% yield, $9470/m² land
Agents: Simon Aldridge, Michael Nees & David Huang

Leases:

Rosedale

27-29 William Pickering Drive, unit E2:
Features: 100m² office unit, 3 parking spaces
Rent: leased in November for $26,530/year net + gst, parking at $20/space/week, net excluding parking $23,230/year, premises rental $232.30/m²
Agents: Michael Nees, Simon Aldridge, David Huang & Alex Strever

Takapuna

Westside, 443 Lake Rd, first floor:
Features: 77.1m² office, 3 parking spaces
Rent: leased in November for $22,409/year net + gst
Agents: Jane Sims & Paul Prouse

Attribution: Agency release.

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Corrected: 2 William Pickering premises & a Napier resthome sold

Published 30 October 2016, corrected 31 October 2016:
Bayleys agents on the North Shore have concluded 2 sales on William Pickering Drive, a resthome sale in Napier and an office lease in Takapuna.

The sale price on one of those William Pickering properties, No 5, was incorrect and is corrected below.

Sales:

North-east

Rosedale

Correction: 5 William Pickering Drive:
Features: 3575m² industrial site, 1001m² building
Outcome: sold vacant in October for $3.5 million + gst (originally given as $4.03 million + gst)
Agents: Ashton Geissler & Matt Mimmack

27-29 William Pickering Drive, unit D3:
Features: 225m² roadfront corner first-floor office unit, 6 exclusive parking spaces, new 3-year lease to Strata Networks Ltd
Rent: $62,490/year net + gst
Outgoings: rates $5662/year including gst; body corp levy $3489/year, opex $38/m²
Outcome: passed in on $850,000 vendor bid at 21 September auction, sold in October for $907,000 + gst at 6.9% yield, $4031/m²
Agents: Ryan Dannhauser & Dean Gilbert-Smith

South of the Bombays

Napier

Greenmeadows, 5 Lannie Place:
Features: 1518m² site, 614m² resthome occupied by Waverley Aged Care Ltd, 7+ parking spaces
Rent: $100,000/year net
Outcome: sold for $1.612 million + gst at a 6.2% yield
Agents: Terry Kim & Daniel Moffitt (Napier)

Leases:

North-east

Takapuna

51 Hurstmere Rd, unit 3A:
Features: 247m² office, 2 parking spaces
Rent: leased in October for $78,056/year net + gst, parking $50/space/week, net excluding parking $72,856/year, premises rental $295/m²
Agents: Alex Strever & Dean Gilbert-Smith

Attribution: Agency release.

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2 apartments & development site sell at auctions

A Devonport apartment (pictured), a Mangere unit and a Takapuna site available under the unitary plan for intensification were sold at Bayleys auctions around the region last week. Another apartment at White Heron point and a One Tree Hill townhouse were passed in.

Isthmus east

One Tree Hill

19A Ngatiawa St:
Features: m², 4-bedroom townhouse, 2 bathrooms, parking space
Outcome: passed in, back on market at $1.015 million
Agent: Lindy Lawton

Parnell

White Heron Point, 154 St Stephens Avenue, unit 2D:
Features: 231m², 3-bedroom garden apartment, 2 living areas, 2 ensuites & third bathroom, study, terraces, covered patio, walk-in storage, 2 parking spaces
Outgoings: rates $9758/year including gst; body corp levy $15,318/year
Outcome: passed in
Agent: Ross Tierney

North-east

Devonport

11C Wynyard St (pictured):
Features: 3-bedroom apartment 4 back from the waterfront, 2 bathrooms, deck, 2 parking spaces
Outcome: sold prior for $1.325 million
Agent: Victoria Bidwell

Takapuna

16 Puriri St:
Features: 731m² section, mixed housing urban zoning under proposed unitary plan giving potential for 3-level townhouses up to 11m, 3 bedrooms, parking space
Outcome: sold prior for $1.562 million at $2137/m²
Agent: Malcolm Low

South

Mangere Bridge

7 Mona Avenue, unit 2:
Features: 3-bedroom unit, garage
Outcome: sold for $630,000
Agent: Steve Coppard

Attribution: Agency release.

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Updated: 3 strong sales at Colliers auction, 1 post-auction

Published 12 October 2016, updated 17 October 2016:
Colliers auctioneer John Bowring sold 3 properties for $12.1 million today, followed by 3 passed in, 2 with no bid.

The properties sold were a development site on Beach Rd, Mairangi Bay (pictured above), a Mt Eden Rd corner with 2 retail tenancies at a 4.5% yield, and a child education centre in Henderson on a 6.1% yield.

A Wairau Valley warehouse, passed in at auction, was sold later in the week.

Isthmus east

Onehunga

163 Trafalgar St:
Features: 320m² site on corner of Onehunga Mall, 461m² gross floor area
Rent: total projected rent $179,920/year + gst from 6 upstairs apartments & 2 commercial tenants
Outcome: no bid
Agents: Tony Allsop, Gawan Bakshi & Jonathan Lynch

Isthmus west

Mt Eden

395 Mt Eden Rd:
Features: 378m² site in Mt Eden Village, 2 retail tenancies & a small upstairs office associated with one tenant, Corner Burger
Rent: $185,000/year net + gst
Outcome: sold for $4.1 million at a 4.5% yield
Agents: Peter Kermode, Adam White & Gawan Bakshi

North-east

Mairangi Bay

423-427 Beach Rd:
Features: 1358m² site  zoned local centre under the proposed unitary plan, 305m² building, seismic rating 67% of new building standard
Rent: holding income $48,187/year, bank premises vacant
Outcome: sold for $4.5 million
Agents: Tony Allsop, Euan Stratton, Jimmy O’Brien & Gareth Fraser

Takapuna

74 Barry’s Pt Rd:
Features: 1189m² site zoned mixed use under the unitary plan, 852m² total floor area comprising showroom, warehouse  offices, 2 tenants, 15 parking spaces
Rent: about $160,000/year net
Outcome: no bid ($2 million indicator from vendor)
Agents: Matt Prentice, Shoneet Chand & Euan Stratton

Wairau Valley

Updated: 188 Target Rd, unit 1:
Features: vacant 868.4m² unit – 580m² warehouse with stud from 4.8-7.8m, 195m² ground- & first-floor offices, 18 parking spaces
Outcome: passed in at $1.515 million, sold post-auction for $1.65 million
Agents: Matt Prentice & Euan Stratton

North-west

Henderson

301 Lincoln Rd, unit A11:
Features: new Co-Kids Ltd childcare centre on 12-year lease, 2 12-year rights of renewal, annual & market rental reviews
Rent: $214,032/year net + gst; agents say it’s under-rented at only $42/child/week
Outcome: sold for $3.5 million at a 6.1% yield
Agents: Shoneet Chand, Peter Kermode & Craig Smith

301 Lincoln Rd, unit 14:
Features: new 15-year lease, 2 6-year rights of renewal for final expiry March 2043
Rent: $165,000/year net + gst
Outcome: auction postponed until Thursday 20 October
Agents: Shoneet Chand, Matt Prentice & Sean Finnegan

Attribution: Auction.

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Corrected: 3 sales & 7 leases signed by Shore agents

Bayleys agents on the Shore have made 3 sales and signed 7 lease agreements, including one for a shop in Chancery, in the Auckland cbd. One lease address below has been corrected.

Sales:

North-east

Albany

14 Corinthian Drive, unit 10:
Features: 102m² retail unit – retail 85m², 17m² other area
Rent: $45,000/year net
Outcome: sold in August for $910,000 + gst at a 4.95% yield, $8835/m²
Agent: James Yu

Rosedale

9 Piermark Drive, unit A:
Features: 579m² unit – office 393.1m², warehouse 185.9m², 14 parking spaces
Rent: $56,000/year net
Outcome: sold in August for $1.155 million + gst at $2677/m²
Agents: Laurie Burt & James Kidd

19-21 Triton Drive, unit F:
Features: 700m² industrial building occupied by Global Survey Ltd, 14 parking spaces
Rent: $144,000/year net
Outcome: sold in September for $2.467 million + gst at a 5.8% yield
Agents: Michael Nees & Laurie Burt

Leases:

CBD

Chancery

50 Courthouse Lane:
Features: 34m² shop
Rent: leased in August for $29,000/year net + gst
Agent: Trevor Duffin

North-east

Albany

42 Tawa Drive, building E, suite E:
Features: 89m² office, 3 parking spaces
Rent: leased in September for $26,820/year net + gst, $23,700 excluding parking, parking $20/space/week, premises rental $266/m²
Agents: James Kidd, Ryan Dannhauser & Ashton Geissler

Devonport

2 Queens Parade, unit C:
Features: 153m² retail
Rent: leased in August for $56,000/year net + gst, premises rental $366/m²
Agents: Chris White & Tonia Robertson (Bayleys) and Ted Hill (Barfoot & Thompson)

Rosedale

63 Apollo Drive, unit H2:
Features: 166m² office, 3 parking spaces
Rent: leased in August for $44,700/year net + gst, including parking at $20/space/week, premises rental $250/m²
Agent: Alex Strever

26 Arrenway Drive, unit B:
Features: 465m² unit – warehouse 376m², 89m² office, 7 parking spaces
Rent: leased in August for $65,000/year net + gst
Agent: Laurie Burt

9 Tait Place, unit A5:
Features: 127m² unit – 97m² warehouse, 30m² office
Rent: leased in September for $23,000/year net + gst, premises rental $180/m²
Agent: Laurie Burt

Takapuna

Correction: 20 Northcroft St, part level 2 (originally written as part level 1):
Features: 64m² office, 2 parking spaces
Rent: leased in September for $24,000/year net + gst, $20,360 excluding parking, parking $35/space/week, premises rental $274/m²
Agent: Dean Gilbert-Smith

Attribution: Agency release.

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