Archive | Swanson St

Winsun Heights unit sells, Park Residences dual key gets one low bid

A Winsun Heights unit was sold but the other 4 apartments auctioned at Ray White City Apartments today were passed in.

A brand new dual-key unit in the Park Residences (pictured), comprising 2 studios, was passed in after one bid followed by a much higher vendor indicator bid. Park Residences, a Conrad Properties Ltd development, sits between St Patrick’s Square & Albert St, across the street from the ANZ Centre & diagonally opposite the Stamford Plaza Hotel.


Learning Quarter

Tetra House, 85 Wakefield St, unit 307:
Features: one bedroom, 2 bathrooms
Outcome: auction postponed
Agent: Ron Yang

Swanson St

Park Residences, 32 Swanson St, unit 608:
Features: dual-key apartment – 2 studios, 76m² including 2 balconies, 2 leased & allocated parking spaces in Farmers carpark available to continue to lease; each apartment has furniture package & storage locker
Outgoings: body corp levy $3428/year; leased parking at $299/month each
Income assessment: $1000-1100/week furnished; rental guarantee of $520/week on 608B can start on 28 May
Outcome: passed in after bid at $600,000 & vendor bid at $850,000
Agent: Steve King


Volt, 430 Queen St, unit 602:
Features: 49m² + balcony, 2 bedrooms
Outgoings: rates $1370/year including gst; body corp levy $4969/year
Income assessment: $510/week, fixed until 23 August
Outcome: passed in at $410,000
Agents: Judi & Michelle Yurak

Winsun Heights, 113 Vincent St, unit 5E:
Features: vacant furnished one bedroom, balcony
Outgoings: rates $1107/year including gst; body corp levy $3409/year
Income assessment: $360-380/week furnished
Outcome: sold for $220,000
Agent: Liz McCarthy

Isthmus west

Grey Lynn

Turing building, 2 Ariki St, unit G01:
Features: 86m², 2 bedrooms, 2 bathrooms, 2 parking spaces
Outgoings: rates $2545/year including gst; body corp levy $5277/year
Outcome: passed in at $850,000
Agents: Mitch Agnew & Ryan Bridgman

St Lukes

St Lukes Garden Apartments, 12 Morning Star Place, unit GF:
Features: 80m², 3 bedrooms, patio, 2 parking spaces; the building has comprehensive remedial issues relating to watertightness & structural soundness, along with matters pertaining to the Watercare Central Interceptor project
Outgoings: rates $1635/year including gst; body corp levy $4247/year
Income assessment: $575/week current, unfurnished, fixed until 28 October; appraisal $550-580/week unfurnished
Outcome: passed in at $200,000
Agents: May Ma & Mark Li 

Attribution: Auction.

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Propbd on Q S26Apr14 – Hart sells Carter Holt, brothel site on market, Swanson Towers on market

Hart agrees to sell Carter Holt
Chow brothers put brothel site on market
Swanson Towers back on market

Hart agrees to sell Carter Holt

Carter Holt Harvey Ltd (Graeme Hart) has entered into an agreement to sell its pulp, paper & packaging business to a joint venture between Oji Holdings Corp and Innovation Network Corp of Japan for $1.037 billion.

The 3 companies said today the transaction was subject to a number of usual conditions and anticipated the sale would be completed in the second half of 2014.

The business principally comprises the Kinleith pulp & paper mill, Tasman pulp mill, Penrose paper mill and the Carter Holt Harvey Group packaging businesses in Australia & New Zealand.

Mr Hart began his takeover of Carter Holt Harvey in 2005, when he bought the 50.5% held by International Paper Ltd of the US for $1.65 billion, then bought out minorities for the same $2.50/share. He followed that by selling land & forests and rationalising the packaging industry internationally.

Oji has a long history in New Zealand forestry, starting in 1971 when it invested in the Pan Pac forest products business in Hawke’s Bay.

Innovation Network Corp is sponsored by the Japanese Government & Japanese private enterprises aimed at promoting innovation & enhancing the value of businesses in Japan.

Chow brothers put brothel site on market

The corner of Victoria St West & Federal St that had been proposed for a 15-storey brothel building.

The corner of Victoria St West & Federal St that had been proposed for a 15-storey brothel building.

The Chow brothers have put their brothel site – the former Aurora/Palace Hotel site diagonally across Victoria St West from the SkyCity casino entrance – on the market through Bayleys.

The sale of 73-75 Victoria St West, by deadline private treaty, closes on Thursday 22 May. Agent is Colin McKenna.

Brothers John and Michael Chow got consent in December 2012 for a 15-storey brothel, food & beverage, hotel & office building on the site at the corner of Federal St, but said a month ago they had dropped their plans. The 124-year-old hotel building was demolished in 2010 after walls started to crack when the basement was being dug out.

Swanson Towers back on market

Bayleys has also put the 3-building Swanson Towers (pictured above) on the market through a tender closing on Wednesday 28 May with commercial investment team manager Robert Platt. Owned by the CP Group, it has consent for conversion to a hotel.

The complex of 3 buildings of 11, 7 & 3 storeys sits on 1724m², has a floor area of 6151m² and has a 100% seismic rating. It was previously marketed in 2009 with hotel conversion in mind ahead of the 20112 Rugby World Cup.

Attribution: Company release, agency marketing.

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Swanson St upgrade goes to hearing, 2 years on

Published 18 July 2007

Jurisdiction: Auckland City


Neighbourhood: CBD


Applicant: Auckland City Council


Application: Swanson St, appointment of independent commissioners for council application to upgrade pedestrianised area from Queen St up to Mills Lane


Decision: The council’s planning fixtures committee appointed Kathleen Ryan (chairman) & Cathy Hawley as commissioners


Last story, 16 October 2005: Swanson St revamp to start in March


Want to comment? Click on The new BD Central Forum or email [email protected].


Attribution: Council committee meeting & agenda, story written by Bob Dey for this website.

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Swanson St revamp to start in March

Published 16 October 2005

Auckland City councillors approved a $1 million upgrade for Swanson St between Queen & Albert Sts this week. The work should start next March and take 4-5 months to complete.

The 2 blocks from Albert to Hobson St were excluded from the project at this stage because Kitchener Group could start work in the next 2 years on its proposed development at the corner of Albert St through to St Patrick’s Square, and to prevent conflict with separate streetscape & paving upgrades on the square and on Albert & Federal Sts.

The BNZ Tower may also be refurbished, but as that could be 2-3 years away and would probably focus on the Queen St entrance & forecourt, and the existing building entrances & stairway levels & positions are very constrained, council staff saw little opportunity for co-ordination.

The section of Swanson St between Queen St & Mills Lane will get more lighting. Council staff & consultants introduced a new wall design but rejected eliminating the wall altogether because of very different levels between the stairs beside the BNZ Tower and ramp on the other side.

The council’s urban design panel questioned the need for a wall and noted the area was both a walkway and place to eat lunch & relax.

CBD project manager Eric van Essen said a new road surface at Mills Lane would reduce traffic speed and bollards would add protection.

If you want to comment on this story, write to the BD Central Discussion forum or send an email to [email protected].

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