Archive | Grafton

Bayleys office ends year with 9 sales & 11 leases

Bayleys agents from the North Shore branch have started the year reporting 9 sales & 11 leases in November & December.

5 of the sales and 9 of the leases were on the Shore and at Silverdale. The rest were in Epsom, Grafton, Huntly, New Lynn & Westgate.

Sales

Isthmus east

Epsom

1B Edgerley Avenue:
Features: 357m² mixed-use property
Rent: $40,037/year net + gst
Outcome: sold at auction in December for $1.26 million + gst, yield 3.18%
Agent: Terry Kim

North-east

Rosedale

1-3 Parkhead Place:
Features: 4532m² industrial site, 2424m² building
Rent: $393,400/year net + gst
Outcome: sold in December for $5.1 million + gst at a 7.7% yield, $2104/m² land & building
Agents: Alex Strever, Laurie Burt & Matt Mimmack

4 Piermark Drive, unit D:
Features: 372.2m² industrial unit – office 175m², warehouse 150m², other area 47.2m², 7 parking spaces
Outcome: sold at auction in December for $920,000 + gst, at $2472/m² land & building
Agent: James Kidd

14-22 Triton Drive, unit C2:
Features: 130m² unit – office 90m², warehouse 40m², 3 parking spaces
Outcome: sold in December for $480,000 + gst, at $3692/m² land & building
Agents: James Yu & Alex Strever

14-22 Triton Drive, unit C3:
Features: 237.2m² unit – warehouse 55,9m², office 181.3m², 4 parking spaces        
Outcome: sold in December for $785,000 + gst, at $3309/m² land & building
Agent: Alex Strever

Silverdale

162 Foundry Rd:
Features: 2002m² site, 1032m² building
Rent: about $150,000/year net + gst
Outcome: sold in November for $3.05 million + gst, at 4.92% yield, $2955/m² land & building
Agents: Rosemary Wakeman & Matt Mimmack

North-west

Westgate

Northside Drive, lot 1, unit 6:
Features: 294m² industrial unit, 4 parking spaces
Outcome: sold in November for $990,000 + gst, at $3367/m² land & building
Agents: >Matt Mimmack & Ashton Geissler

Northside Drive, lot 1, unit 4:
Features: 309m² industrial unit, 4 parking spaces
Outcome: sold in November for $1.06 million + gst, at $3430/m² land & building
Agents: Matt Mimmack & Ashton Geissler

South of the Bombays

Waikato

Huntly

3768 State Highway 1:
Features: motel business on 3065m² site, 690m² floor area
Income: $68,000/year net + gst
Outcome: sold in December for $1.25 million + gst at 5.4% yield
Agent: David Han

Leases

Isthmus east

Grafton

14 Burleigh St, part ground floor:
Features: 561m² office, 16 parking spaces
Rent: leased in November for $144,360/year net + gst, $111,080 excluding parking, parking $40/space/week, premises rental $198/m²
Agent: Dean Gilbert-Smith

North-east

Albany

86 Bush Rd, unit U:
Features: 92m² office unit
Rent: leased in December for $29,660/year net + gst, net excluding parking $25,760/year + gst, premises rental $280/m²
Agent: Jane Sims

Birkenhead

65 Birkenhead Avenue, basement:
Features: 200m² industrial space, parking space
Rent: $30,000/year net + gst
Agents: Adam Watton & Adam Curtis

Gulf Harbour

69 Gulf Harbour Drive, unit H:
Features: 145m² retail area, 8 parking spaces
Rent: $38,160/year net + gst
Agent: Terry Kim

Rosedale

5 Beatrice Tinsley Crescent, unit B:
Features: 361m² industrial unit, 5 parking spaces
Rent: leased in December for $50,000/year net + gst
Agent: Laurie Burt

10B Canaveral Drive:
Features: 300m² industrial, 5 parking spaces
Rent: leased in December for $52,000/year net + gst, net excluding parking $52,000, premises rental $173/m²
Agent: James Kidd

7 Vega Place, unit F:
Features: 132m² industrial unit, 2 parking spaces
Rent: leased in December for $23,000/year net + gst, net excluding parking $23,000, premises rental $174/m²
Agent: Laurie Burt

45 William Pickering Drive, unit A:
Features: 340m² industrial unit, 7 parking spaces
Rent: leased in December for $65,000/year net + gst, net excluding parking $65,000/year + gst, premises rental $191/m²
Agents: James Kidd & Laurie Burt

51 William Pickering Drive, unit 9, level 1:
Features: 60m² office space, parking space
Rent: leased in December for $14,000/year net + gst, net excluding parking $14,000, premises rental $233/m²
Agent: Terry Kim

Silverdale

10 Silverdale St, shops 2 & 3:
Features: 262m² retail area, no parking
Rent: leased in December for $98,000/year net + gst, premises rental $374/m²
Agents: Adam Curtis & Adam Watton

North-west

New Lynn

3047 Great North Rd, first floor:
Features: 370m² office, 10 parking spaces
Rent: leased in November for $93,000/year net + gst, $80,000 excluding parking, parking $25/space/week, premises rental $251/m²  
Agents: Chris White & Damian Stephen

Attribution: Agency release.

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2 apartments, townhouse & 2 land sales at Barfoot auctions

2 apartments were sold and 2 (plus a city fringe bungalow) passed in at Barfoot & Thompson’s city auction today.

At 2 auction sessions yesterday, the agency sold a Grafton townhouse, and a subdivided Victoria Avenue lot and an ex-state house in Remuera.

CBD

Learning Quarter

Tower Hill (pictured), 1 Emily Place, unit 11E:
Features: 60m², one bedroom, parking space
Outgoings: rates $1825/year including gst; body corp levy $4064/year
Outcome: sold for $645,000
Agents: Stephen & Leo Shin

Sapphire, 76 Wakefield St, unit 1212:
Features: 23m² studio
Outgoings: rates $1019/year including gst; body corp levy $2119/year
Income assessment: $330/week current
Outcome: sold for $275,000
Agents: Betty Shao & Donna Rugay

Argent Hall, 2 Eden Crescent, unit 8E:
Features: 31m² studio
Outgoings: body corp levy $3158/year
Outcome: passed in at $250,000
Agents: Stephen & Leo Shi

Isthmus east

Epsom

Ivory, 10 Lion Place, unit 214:
Features: one bedroom, balcony
Outcome: auction postponed
Agents: Stephen Shin & Rhys Chen

Grafton

8K Glasgow Terrace:
Features: 2-level townhouse, one bedroom, study, storage locker, double garage
Outgoings: body corp levy $2535/year
Outcome: sold for $700,000
Agents: Bella Stefano & Sherry Shao

Parnell

11 Balfour Rd, unit 3:
Features: one-bedroom unit on ground floor of 3-storey block, parking space
Outcome: sold at auction brought forward to 1 December
Agent: Alex Baker

13 Cheshire St, unit 102:
Features: one-bedroom apartment, balcony, parking space
Outgoings: body corp levy $2795/year
Outcome: no bid
Agents: Qiao Liu & Harry Yu

Remuera

310 Victoria Avenue, lot 3:
Features: 619m² section
Outcome: sold for $2.66 million at $4297m² land; the other 2 lots down this right of way have already been sold
Agents: Leila & David MacDonald

88 Abbotts Way:
Features: 613m² section, 3-bedroom 1950s ex-state house, single garage
Outcome: sold for $1.166 million
Agents: Steve Hood

Isthmus west

College Hill

80 College Hill:
Features: 230m² section, 2 vacant self-contained units in a bungalow, consented for 2 flats but both used as a single office, rear service lane access & parking
Outcome: no bid
Agents: Agnes Teh & Layne Stephens

Mt Eden

18 Edenvale Crescent, unit 6:
Features: one bedroom, parking space, storage
Outgoings: body corp levy $2930/year
Outcome: no bid
Agent: Andrew Gallagher

Attribution: Auctions.

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2 Luna units & waterfront sub-penthouse among apartment sales

2 apartments in the Luna building off Khyber Pass, undergoing remediation, were among 9 apartments & units sold either under the hammer or pre-auction by Bayleys this week.

At the expensive end of the market, a sub-penthouse on Quay St opposite the ferry terminal sold for about $10,000/m² net of parking, which actually makes it cheap compared to some of the new developments coming on stream, which have cost buyers off the plans about $12,000/m².

CBD

Uptown

Scotia Tower, 8 Scotia Place, unit 4D:
Features: fully furnished one-bedroom apartment, parking space
Outcome: sold prior for $141,459
Agent: Marcus Fava

Waterfront

152O Quay St:
Features: 253m² full floor including common area (lift foyer & stairwell landing), 3-bedroom sub-penthouse, 3 bathrooms, 2 living rooms, parking space
Outgoings: rates $5019/year including gst; body corp levy $25,158/year
Outcome: sold for $2.7 million
Agents: Gary & Vicki Wallace

Isthmus east

Grafton

Luna, 16 Burton St, unit 2C:
Features: studio, balcony, parking space, remediation works identified
Outgoings: rates $1129/year including gst
Outcome: sold for $170,000
Agents: Wendy Nichols & Dave Hamlyn

Luna, 16 Burton St, unit 4P:
Features: 2-bedroom apartment, 2 bathrooms, parking space, remediation works identified
Outgoings: rates $1661/year including gst
Outcome: sold for $320,000
Agents: Wendy Nichols & Dave Hamlyn

Parnell

13 Cheshire St, unit 409:
Features: 68m² internal, 10m² deck, 2-bedroom apartment, 2 bathrooms, loggia, parking space
Outcome: sold for $800,000
Agents: Peter Tanner & Robyn Clark

Royal Oak

38 Campbell Rd, unit 2:
Features: insulated 2-bedroom unit, internal-access garage
Outcome: sold for $780,000
Agent: John Procter

26 Mt Smart Rd, unit 5:
Features: 2-bedroom unit, parking space
Outgoings: rates $1957/year including gst
Outcome: sold for $720,000
Agents: Cheryl Regan & Harry Cheng

South

Howick

63B Rodney St:
Features: 3-bedroom townhouse, 2 bathrooms, underfloor heating, 2 heat pumps, central vacuum, double glazing, double internal-access garage
Outcome: sold prior for $1.05 million
Agents: Leanne Shepherd & Michael Chi

South of the Bombays

Whitianga

8, 1B/103 The Esplanade:
Features: 3-bedroom apartment, 2 bathrooms, 2 parking spaces
Outcome: sold for $381,000
Agents: Bev Calder & Sheree Henderson

Attribution: Agency release.

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4 apartments sell through City Sales auction

3 of the 8 apartments auctioned at City Sales yesterday were sold under the hammer, and a fourth sold later in the day.

Agents Steve Kirk & Habeeb Urrahman marketed 3 apartments with remedial issues, and one of those sold.

CBD

Learning Quarter

96 on Symonds, 96 Symonds St, unit 303:
Features: 36m², 2 bedrooms, deck, subject to managed apartment lease
Outgoings: rates $1188/year including gst; body corp levy $3941/year
Income assessment: $550-600/week
Outcome: sold for $220,000
Agents: Michael Jackson

Cintra, 3 Whitaker Place, unit 7A:
Features: 57m², one bedroom; remediation works identified, not yet complete; the vendor sought release from warranties & future special levies
Outgoings: rates $903/year including gst; body corp levy $4155/year
Income assessment: $/week
Outcome: passed in at $176,000
Agents: Steve Kirk & Habeeb Urrahman

Uptown

C Vu, 36 Day St, unit 9K:
Features: 42m², 2 bedrooms, deck, parking space, remediation works identified, not yet complete
Outgoings: rates $1123/year including gst; body corp levy $4455/year + remediation levy $65,627
Income assessment: $530-560/week
Outcome: sold for $432,000
Agents: Steve Kirk & Habeeb Urrahman

Dynasty Gardens, 135 Vincent St, unit 605:
Features: 47m² including balcony, 2 bedrooms
Outgoings: rates $1183/year including gst; body corp levy $2498/year
Income assessment: $450/week, fixed until June
Outcome: sold for $390,000
Agents: Steve Kirk & Habeeb Urrahman

Victoria Quarter

Zest, 70-72 Nelson St, unit 1022:
Features: 37m², 2 bedrooms, deck
Outgoings: rates $1149/year including gst; body corp levy $3899/year
Outcome: passed in at $280,000
Agents: Maryanne Wong & Dahui Chen

Isthmus east

Grafton

Luna, 16 Burton St, unit 2P:
Features: 80m², 2 bedrooms, deck, parking space; remediation works identified, not yet complete, and vendor sought release from warranties relating to such works & any further special levies
Outgoings: rates $1791/year including gst; body corp levy $3866/year
Outcome: passed in after sole bid, from vendor, at $300,000
Agents: Steve Kirk & Habeeb Urrahman

Isthmus west

Ponsonby

29 Douglas St, unit 2:
Features: cross-lease, 1/8 share in 627m², 57m² internal, one bedroom, deck, onstreet parking
Outgoings: rates $1789/year including gst; body corp levy $130/month
Income assessment: $580-620/week
Outcome: passed in at $615,000, sold post-auction for an undisclosed price after multiple offers made
Agents: Anna Birkenhead & Tina Bartlett

North-west

New Lynn               

Merchant Quarter, 20 McCrae Way, unit 1110:
Features: 69m², 2 bedrooms, deck, parking space
Outgoings: rates $1684/year including gst for the unit, $611/year for parking; body corp levy $4310/year for unit, $316/year for parking
Income assessment: $530-580/week
Outcome: no bid
Agents: Trisha Shanaghan

Attribution: Auction.

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3 apartments sell at auction

3 apartments were sold at Bayleys’ city auction today and 2 townhouses were passed in. The units included 2 with remediation issues – one sold.

CBD

Learning Quarter

Connaught, 14 Waterloo Quadrant, unit 8C (building pictured):
Features: one bedroom, deck, storage locker, secure parking space
Outgoings: rates $1825/year including gst; body corp levy $5032/year
Outcome: sold for $600,000
Agents: Diane Jackson & Julie Prince

Victoria Quarter

First Imperial, 125A Hobson St, unit 10B:
Features: 96m², 2 bedrooms, balcony, parking space
Outgoings: body corp levy $6709/year
Income assessment: $680-700/week
Outcome: sold for $592,000
Agent: Sam Yeung

Isthmus east

Grafton

Luna, 16 Burton St, unit 5K:
Features: 2 bedrooms, 2 bathrooms, custom storage shelving, deck, secure parking space; remediation underway, apartment sold on “as is” basis with no further levy liability for the vendor
Outgoings: body corp levy $4725/year
Outcome: sold for $368,500
Agents: Dave Hamlyn & Wendy Nichols

Isthmus west

Grey Lynn

35 Turakina St, unit 6:
Features: one-bedroom unit, parking space
Outgoings: rates $1359/year including gst; body corp levy $2356/year
Outcome: passed in at $450,000
Agent: Blair Haddow

Mt Eden

Mountview Village, 86 Harold St, unit BU
Features: 2-level one-bedroom townhouse, study, parking space; the body corporate settled a remediation claim in 2012, the building has been reclad and code compliance certificate issued, but the contractor & owners are now in dispute on costs
Outgoings: rates $1467/year including gst; body corp levy $2409/year
Outcome: passed in at $530,000
Agents: Dave Hamlyn & Wendy Nichols

Attribution: Auction.

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Kitchener St studio & Luna apartment sell

Both apartments auctioned at Bayleys’ city office today were sold under the hammer, one across the street from Albert Park and the other in Luna, between the motorway & Khyber Pass Rd.

CBD

Kitchener St

Kitchener St Studios, 22 Kitchener St, unit 2D:
Features: studio, basement storage, 75% seismic rating
Outcome: sold for $495,000
Agents: Julie Prince & Diane Jackson

Isthmus east

Grafton

Luna, 16 Burton St, unit 5N:
Features: 2 bedrooms, 2 bathrooms, deck, secure basement parking space
Outgoings: rates $1661/year including gst
Outcome: sold for $355,000
Agents: Dave Hamlyn & Wendy Nichols

Attribution: Auction documents.

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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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Ex-bank branch in mall attracts no interest, but Grafton apartment sells

A mall bank branch that’s about to be vacated attracted no bid at Barfoot & Thompson’s city auction today, but a Grafton apartment was sold under the hammer.

The apartment is in a block on the downhill, motorway side of the SKHY conversion of the former Winstone office tower & related development being undertaken by Lamont & Co (NZ) Ltd on Khyber Pass Rd.

Apartments

Isthmus east

Grafton

8D Madeira Lane (& 64 Khyber Pass Rd):
Features: 126m², 2 bedrooms, 2 bathrooms, study, balcony, 2 secure parking spaces
Outgoings: body corp levy $5014/year
Outcome: sold for $810,000
Agents: Johnson Chen & Emily Chen Ye

The ASB Bank branch at the Meadowbank mall, to be vacated.

Commercial

Isthmus east

St Johns

Meadowbank Shopping Centre, 35 St Johns Rd, unit 1:
Features: 271m² ASB Bank branch which will be vacated
Outcome: no bid
Agents: William Koreman & Gary Ng

Attribution: Auction.

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6 intensive homes sell at Barfoots

6 of the 12 intensive homes (apartments, suburban units & cross-leased houses) auctioned at Barfoot & Thompson’s city office on Wednesday were sold under the hammer.

17 of the 38 residential properties auctioned in the day’s 2 sessions were sold under the hammer or shortly after.

CBD

Learning Quarter

Waldorf Bankside, 8 Bankside St, unit 8C:
Features: one-bedroom apartment
Income assessment: $400/week current
Outcome: sold for $288,000
Agents: Rain Diao & Beili Yi

Isthmus east

Grafton

49I Seafield View Rd:
Features: one-bedroom apartment, carport
Outcome: sold for $300,000
Agent: Alex Baker

One Tree Hill

55 Rawhiti Rd, unit 4:
Features: cross-lease, 1/5 share in 981m², 2-bedroom unit
Outcome: passed in at $660,000, sold shortly after auction
Agents: Cici Wang & Helen Lin

Panmure

30 Ireland Rd, unit 1:
Features: 2-bedroom unit, internal-access garage
Outcome: sold for $656,000
Agents: Margaret Johnston & Phyllis Brooks

Remuera

658 Remuera Rd, unit 2:
Features: 2-bedroom unit, deck, 2 garages
Outcome: sold for $1.08 million
Agents: Paul Robertson & Maree Currie

Isthmus west

Herne Bay

24A Hamilton Rd, unit 3:
Features: 2-bedroom unit, balcony, courtyard, carport
Outgoings: body corp levy $3892/year
Outcome: sold for $700,000
Agent: Felicity Scott

Mt Albert

103A St Lukes Rd, units 1-6:
Features: 1590m² section, 6 remodelled 3-bedroom units, offstreet parking
Outcome: passed in
Agents: George Fong & Laura McAuley

Mt Eden

13 Bank St:
Features: cross-lease, half share in 1387m², 3-bedroom bungalow
Outcome: no bid
Agents: Vern Hines & Sara Knight

11B Horeka Avenue:
Features: cross-lease, 1/3 share in 1283m², 3-bedroom house, garage
Outcome: passed in
Agents: Leonie Stabler & Di Lynds

Pt Chevalier

10 Walmer Rd:
Features: cross-lease, half share in 695m², 3-bedroom bungalow, garage
Outcome: no bid
Agent: Travis Nicholls

Westmere

11D Garnet Rd:
Features: 2-bedroom apartment, balcony, secure internal-access double garage
Outcome: sold for $1.01 million
Agents: Carl & Roseanne Madsen

South

Manurewa

144, 144A & 144B Browns Rd:
Features: 2939m², 3 homes on separate titles, consent for 12 dwellings
Income assessment: $68,000/year current
Outcome: no bid
Agents: Thomas & Helen Weber

Attribution: Auctions.

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Grafton townhouse & remediated apartment popular with bidders

A Grafton townhouse sold for $1.3 million and a remediated Normanby Mews apartment, on the city side of Mt Eden, proved popular with buyers at Ray White City Apartments’ auction today.

They were among 5 sales out of 7 units in the auction.

CBD

Federal St

The Federal, 18 Federal St, unit 5F:
Features: 49m², one bedroom
Outgoings: rates $1139/year including gst; body corp levy $3132/year
Income assessment: $480-520/week
Outcome: passed in after bid at $410,000, vendor bid at $440,000
Agents: Krister Samuel & Judi Yurak

Learning Quarter

The Cambridge, 43 Anzac Avenue, unit 505:
Features: 18m² furnished studio
Outgoings: rates $1116/year including gst; body corp levy $5097/year
Income assessment: $320-350/week
Outcome: sold for $153,000
Agents: Judi & Michelle Yurak

Eden Apartments, 32 Eden Crescent, unit 14C:
Features: 32m², one bedroom at penthouse level, balcony, parking space
Outgoings: rates $1468/year including gst; body corp levy $3829/year
Income assessment: $480-520/week furnished
Outcome: sold for $462,000
Agents: Damian Piggin & Daniel Horrobin

96 on Symonds, 96 Symonds St, unit 903:
Features: 36m², 2 bedrooms
Outgoings: rates $1164/year including gst; body corp levy $4334/year
Income assessment: $490/week under long-term management lease
Outcome: passed in at $180,000
Agent: James Mairs

Uptown

Quest Auckland, 363 Queen St, unit 14B:
Features: 32m² furnished studio, balcony, out of hotel lease
Outgoings: rates $2233/year including gst; body corp levy $3404/year
Income assessment: $380-400/week furnished
Outcome: sold for $293,000
Agent: Leo Zhu

Isthmus east

Grafton

Grafton Ridge, 6K Carlton Gore Rd:
Features: 170m², 3-bedroom townhouse on 3 floors, 2 bathrooms, balconies, tandem parking spaces
Outgoings: rates $2768/year including gst; body corp levy $2773/year
Income assessment: $970-990/week furnished
Outcome: sold for $1.309 million
Agent: Krister Samuel

Isthmus west

Mt Eden

Normanby Mews, 22 Normanby Rd, unit 3:
Features: 51m², 2 bedrooms, decks, tandem parking, remediation completed
Outgoings: rates $1590/year including gst; body corp levy $2917/year, $5659 stairwell passive fire works levy, $23,618 final remediation levy; outstanding levies & arrears total $185,236.28, which must be paid by the buyer on top of purchase price
Income assessment: $550-600/week furnished
Outcome: sold on behalf of the Official Assignee for $430,000 + $185,236.28 outstanding levies, for total purchase price of $615,236.28
Agent: Krister Samuel

Attribution: Auction.

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