Archive | Isthmus east

14 of 36 intensive homes sell through auction

14 intensive homes sold in the auctionroom or shortly after, out of 36 offered at Barfoot & Thompson’s city office in 6 sessions from Tuesday-Thursday this week.

They were a mix of cbd & suburban apartments, suburban units & townhouses, and some cross-leases (I ignore standalone homes not on cross-lease sections, and also didn’t manage to check for cross-leases at every auction session).

Many were passed in without a bid offered, and were back on the market soon after with a price stipulated.

Image above: The Ivory, Conrad Properties’ new apartment development just off the new university campus on the former Lion Nathan brewery site on Khyber Pass Rd, and back from Newmarket Broadway – the new style of suburban intensive living.

CBD

Learning Quarter

Seaview, 4 Short St, unit 7A:
Features: 143m², 3 bedrooms, 2 bathrooms, deck, parking space; vendor to pay roof repair levy in full
Outgoings: body corp levy $8542/year
Outcome: passed in at $700,000, back on market at $968,000
Agents: Annie Xu & Sean Zhang

Sapphire Apartments, 76 Wakefield St, unit 307:
Features: 33m², one bedroom apartment
Outgoings: rates $1110/year including gst; body corp levy $2270/year after 10% discount
Income assessment: $380/week
Outcome: sold for $338,000
Agents: Annie Xu & Sean Zhang

Sapphire Apartments, 76 Wakefield St, unit 610:
Features: 60m², 2-bedroom apartment
Outgoings: rates $1435/year including gst; body corp levy $4340/year
Outcome: passed in at $485,000
Agents: Stephen Shin & Zoran Farac

Uptown

Q Central, 58 Liverpool St, unit 6D:
Features: leasehold, 2-bedroom penthouse loft
Outgoings: rates $1436/year including gst; body corp opex levy $3727/year, ground rent $8049/year
Income assessment: $600-640/week
Outcome: sold for $127,000
Agents: Stephen & Leo Shin

Victoria Quarter

Heritage Tower, 22 Nelson St, unit 1119:
Features: air-conditioned one bedroom, covered parking space, out of hotel pool, remedial work on building is underway
Outgoings: rates $/year including gst; body corp levy $/year
Income assessment: $/week
Outcome: no bid, back on market at $435,000
Agents: Alexander Kramarenko & Luke Shi

Zest, 72 Nelson St, unit 512:
Features: 2-bedroom apartment
Outcome: withdrawn from auction
Agent: James Yu

Isthmus east

Ellerslie

43 Celtic Crescent, unit 4:
Features: 2-bedroom unit, carport
Outcome: sold post-auction
Agent: Michelle Mi

Epsom

8 Bowling Avenue, unit 2:
Features: 72m², 2-bedroom unit, garage
Outcome: sold for $836,000
Agents: Mike Pedersen

87 Buckley Rd:
Features: cross-lease, half share in 1012m², 3-bedroom house, double garage
Outcome: sold post-auction
Agents: Paul Hodgman

Ivory, 10 Lion Place, unit 403:
Features: 65m² including balcony, 2-bedroom apartment, 2 bathrooms
Outcome: sold for $745,000
Agent: Cici Wang

44 St Andrews Rd, unit 8:
Features: studio
Outcome: sold for $388,000
Agent: Leonie Stabler

Meadowbank

128A St Johns Rd, unit 2:
Features: 2-bedroom unit, conservatory, double carport
Outcome: sold for $820,000
Agents: Kathy Bower & Julie Fitzpatrick

Mt Wellington

27 Stanhope Rd:
Features: cross-lease, half share in 809m², 3 bedrooms, garage
Outcome: sold for $927,000
Agent: Melody Lowe

Newmarket

Queen’s Lodge, 176 Broadway, unit B409:
Features: 2-bedroom apartment, 2 bathrooms, parking space
Outcome: passed in
Agents: Amy Ho & Jonas Ho

One Tree Hill

2 Ewenson Avenue, unit 4:
Features: cross-lease, 1/7 share in 1510m², 2 bedrooms, balcony, carport
Outcome: passed in at $500,000, back on market at $605,000
Agent: Robin Liu

41 Tawhiri Rd, unit 4:
Features: 2-bedroom unit, parking space
Outcome: sold for $755,000
Agent: Wendy Sadd

Parnell

Freemont Towers, 11 Freemont St, unit 13:
Features: 1960s apartment block, 50m², one bedroom, offstreet parking
Outcome: sold for $660,000
Agent: Ian Griffiths

Mayfair, 75 Parnell Rd, unit 12A:
Features: 62m², one-bedroom apartment
Outgoings: body corp levy $5901/year
Outcome: no bid
Agent: Melody Lowe

21 York St:
Features: m², 3-bedroom terrace, study, balcony, conservatory, offstreet parking
Outcome: no bid, back on market at $1.85 million
Agent: Bobby McMillan

Remuera

82D Clonbern Rd:
Features: cross-lease, 5/56 share in 4799m², 2-level townhouse, 3 bedrooms, study, double carport
Outcome: passed in at $1.1 million
Agents: Min Kim

731D Remuera Rd:
Features: 3-bedroom townhouse, 2 bathrooms, study, double internal-access garage
Outcome: no bid, back on market at $880,000
Agent: Alex Baker

Royal Oak

49 Turama Rd, unit 4:
Features: 2-bedroom 1970s brick & tile unit, internal-access garage
Outcome: passed in
Agents: James Yu & Danny Upton

St Heliers

10 Maxine Place, unit 3:
Features: 3-bedroom unit, 2 bathrooms, garage
Outcome: passed in
Agent: Bob Gordon

7 Walmsley Rd, unit 2:
Features: 130m² townhouse, 3 bedrooms, garage
Outcome: no bid, back on market at $1.289 million
Agents: Kelly Midwood & Hamish Hargrave

Isthmus west

Avondale

16 Highbury Avenue, unit 5:
Features: 2-bedroom 1960s unit
Outcome: passed in, back n market at $585,000
Agents: Anna Lechtchinski & Alex Wu

Blockhouse Bay

143 Donovan St:
Features: cross-lease, half share in 1020m², 3-bedroom house, carport
Outcome: no bid, back on market at $939,000
Agent: Kris Jamieson

Eden Terrace

Viscount, 33D(R) New North Rd:
Features: 110m², 2-level, 2-bedroom terraced apartment
Outcome: withdrawn from auction
Agent: Sue Saywell

Grey Lynn

497 Great North Rd:
Features: 3-level 4-bedroom terrace, 2 bathrooms
Outcome: sold post-auction
Agents: Cristina Casares

Mt Albert

22 5th Avenue, unit 4:
Features: cross-lease, quarter share in 1147m², 2-bedroom unit, carport
Outcome: sold for $715,000
Agents: Wendy Sadd & Michele Ballinger

65 Woodward Rd, unit 5:
Features: 2 bedrooms, carport
Outcome: sold for $718,000
Agents: Christine Wooding & Joanne Yu

Mt Eden

277 Mt Eden Rd, unit 3:
Features: cross-lease, 1/10 share in 1120m², 66m² 2-bedroom unit, garage
Outgoings: body corp levy $5000/year
Income assessment: $480/week, fixed until 30 December
Outcome: no bid, back on market at $695,000
Agents: Annie Xu & Sean Zhang

573C Mt Eden Rd:
Features: 243m² section, 209m², 4 bedrooms, 3 bathrooms, double garage
Outcome: no bid
Agents: Ricky Fan & Joyce Gu

584 Mt Eden Rd:
Features: 575m² section, 348m², 2-level townhouse, 5 bedrooms, 3 bathrooms, double internal-access garage
Outcome: passed in at $2.9 million
Agent: Helen Lam

Waterview

1594 Great North Rd, unit 2:
Features: cross-lease, quarter share in 1196m², 3-bedroom unit, garage
Outcome: no bid
Agent: Elvira Abdrazakova

North-west

New Lynn

6 Islington Avenue, unit 2:
Features: 184m², 4-bedroom duplex townhouse, 3 bathrooms, tandem internal-access garage (one space turned into a gym)
Outcome: no bid
Agents: Aken Yuan & Michelle Zhou

South

Mangere Bridge

16D Coronation Rd:
Features: 3-bedroom 1970s brick & tile unit, garage
Outcome: no bid
Agents: Danny Upton & James Yu

Attribution: Auctions.

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Auckland Plan refresh approved for consultation, 2 private plan changes to be notified

Auckland Council’s planning committee approved the revised draft Auckland Plan for formal public consultation yesterday.

A joint consultation on this plan and on the council’s 10-year budget, 2018-28, will open on 28 February and run until 28 March. The council’s governing body will approve the consultation document on 7 February.

The Auckland Plan, first adopted in 2012 and now reviewed for the second time, is the spatial plan that sets the direction for how, where & when Auckland will grow over the next 30 years.

Other planning committee business

Manurewa Takanini Papakura integrated area plan:

The committee endorsed the Manurewa Takanini Papakura Integrated Area Plan, which provides a planning framework to guide how the area develops over the next 30 years.

2 private plan change requests under new unitary plan

Otahuhu, King’s College, Mangere & Hospital Rds:

The committee agreed to publicly notify King’s College’s private plan change request to rezone 2 land parcels, one to the north-east of the main campus and the other to the south.

The private plan change will rezone land adjoining Mangere Rd from special purpose – school to terrace housing & apartment buildings, and land adjacent to Hospital Rd from terrace housing & apartment buildings and single house zones to special purpose – school.

Ellerslie, 614-616 Great South Rd, Goodman Property Trust:

The committee agreed to publicly notify Goodman Property Trust’s private plan change request to rezone 614-616 Great South Rd from business park to mixed use.

Link: Planning committee agenda 28 November

Attribution: Council releases.

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3 Caltex service stations sold

3 Caltex service station & associated Fix store sites around Auckland have been sold to separate buyers for a total $12.775 million.

Each has close to 16 years left to run on 20-year initial lease terms plus 3 4-year rights of renewal; a triple net lease structure with all ongoing maintenance & capital expenditure the tenant’s responsibility; 2-yearly fixed rental increases of 4%, as well as reviews to market in November 2023 & on renewal.

Bayleys agents Alan Haydock & Damien Bullick were the agents for all 3.

Isthmus east

Penrose

682 Great South Rd:
Features: 2335m² site zoned light Industry, multiple main road frontages
Rent: $195,104/year net + gst
Outcome: sold for $3.9 million at a 5.00% yield

Isthmus west

Mt Roskill

913 Dominion Rd:
Features: 3201m² site zoned business-mixed use
Rent: $192,816 /year net + gst
Outcome: sold for $4.175 million at a 4.62% yield

Sandringham

340 Sandringham Rd:
Features: 3965m² site on corner of St Lukes Rd, zoned business-mixed use
Rent: $211,120/year net + gst
Outcome: sold for $4.7 million at a 4.49% yield

Attribution: Agency release.

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Updated: 3 sell out of 10-apartment offering, 4th sells shortly after

Published 24 November 2017, updated 28 November 2017:
3 of the 10 apartments & suburban units auctioned at Ray White City Apartments on 23 November sold under the hammer. A fourth, in the Soho Lofts, was sold shortly after the auction.

CBD

High St

Updated: Soho Lofts, 55 High St, unit 6A:
Features: 196m², 2 bedrooms, study, 2 bathrooms, 2 parking spaces in separate building, 155 Queen St
Outgoings: rates $2435/year including gst for apartment, $1356 & $769/year for parking; body corp levy $8815/year for apartment, $1482/year including gst for each parking space; vendor indemnified buyer against liability for any outstanding remediation work, to finalise code compliance certificate & for any further litigation costs
Outcome: passed in after bids up to $1.185 million, closing with vendor bid at $1.25 million; a sale was concluded later in the day at $1.25 million
Agents: Josh Muriwai & Liz McCarthy

Learning Quarter

Celestion, 19 Anzac Avenue, unit 1402:
Features: 50m², furnished 2 bedrooms, 10m² balcony
Outgoings: rates $1448/year including gst; body corp levy $4725/year
Income assessment: vacant – outside hotel lease
Outcome: passed in at $496,000
Agents: Michelle & Judi Yurak

96 on Symonds, 96 Symonds St, unit 502:
Features: 45m², fully furnished 3 bedrooms
Outgoings: rates $1201/year including gst; body corp levy $4783/year
Income assessment: $650/week fixed until March – out of apartment management pool; appraisal $650-680/week
Outcome: sold for $501,000
Agents: May Ma & Mark Li

Uptown

Nova en Scotia, 18 Scotia Place, unit 9G;
Features: 51m², 2 bedrooms, secure parking space & storage locker
Outgoings: rates $1513/year including gst; body corp levy $4953/year
Income assessment: vacant – appraisal $470-500/week in present condition, $500-550/week renovated
Outcome: sold for $542,500
Agents: Mitch Agnew & Ryan Bridgman

Victoria Quarter

Sugartree Centro, 145 Nelson St, unit 801:
Features: 42m², one bedroom, 4.6m² balcony
Outgoings: body corp levy $2375/year
Income assessment: $480-520/week furnished
Outcome: no bid
Agents: Lisa Zhang

Isthmus east

Epsom

Ivory, 10 Lion Place, unit 201:
Features: 103m², 3 bedrooms, 2 bathrooms, balcony, 2 secure basement parking spaces, 2 storage units
Outgoings: body corp levy $4172/year
Outcome: sold for $1.386 million
Agents: Tanya Kwasza & Andrea Manni

Parnell

Stonemason’s House, 27 Falcon St, unit 3C:
Features: 53m², one bedroom, mini Juliette balconies
Outgoings: rates $1633/year including gst; body corp levy $3291/year
Outcome: passed in at $420,000
Agents: Tanya Kwasza & Andrea Manni

Isthmus west

Eden Terrace

43 Virginia Avenue East, unit 104:
Features: 61m², fully furnished 2 bedrooms, deck, secure basement parking space
Outgoings: rates $1246/year including gst; body corp levy $4195/year
Income assessment: $500/week, fixed until September 2018, appraisal $500-550/week furnished
Outcome: passed in at $350,000
Agents: May Ma & Mark Li

Sandringham

10 Begbie Place, unit 7:
Features: cross-lease, 1/8 share in 1310m², 44m² unit, one bedroom
Outgoings: rates $1451/year including gst
Income assessment: $315/week unfurnished
Outcome: vendor bid at $300,000, passed in at $301,000
Agents: Dusan Valenta & Adele Keane

North-west

Te Atatu South

59 Royal View Rd, unit 2:
Features: 3 bedrooms, garage
Outgoings: rates $1723/year including gst
Outcome: offered on “as is, where is” basis, passed in at $605,000
Agents: Zarlane & Bernie Grubisic

Attribution: Auction.

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Ngati Whatua wants East-West Link consents buried

Auckland iwi Ngati Whatua Orakei raised its concern on Friday that the East-West Link through Penrose & Onehunga could go ahead one day, even though the current government has cancelled it.

The $1.85 billion link was intended to run between State Highway 1 at Mt Wellington & State Highway 20 at Onehunga.

The board of inquiry which heard the NZ Transport Agency’s application for it released its draft report & decision on 14 November – by which time new prime minister Jacinda Ardern & Auckland mayor Phil Goff had confirmed it would be cancelled in its present form. The board confirmed 2 notices of requirement and granted resource consents, subject to conditions.

Ngati Whatua Orakei Trust spokesperson Ngarimu Blair said: “While the iwi welcomes the stated aim of the new government to scrap the project, this does not provide a sufficient degree of certainty and Transport Minister Phil Twyford needs to formally honour the Government’s commitment to cancel the project completely.

“The notices of requirement & resource consents have a 15-year period for implementation, and will therefore outlast the current term of government. We want to ensure the East-West Link as proposed never goes ahead, no matter who is in government at the time.

“We have written to Minister Twyford asking that the Government direct the NZ Transport Agency to formally withdraw the notices of requirement and surrender the consents.

“This would avoid the danger of the current government’s intentions being undermined. We note in this regard that the NZ Transport Agency are currently proceeding with moves to implement the project as if nothing had changed post-general election.”

Mr Blair said Ngati Whatua Orakei, Te Kawerau a Maki & Makaurau Marae, along with other community & conservation groups such as The Onehunga Enhancement Society (TOES) and the Royal Forest & Bird Protection Society, went to great expense & effort to stop the motorway during a gruelling 3-month hearing before the Environmental Protection Authority board of inquiry.

Royal Forest & Bird environmental lawyer Sally Gepp said the society was concerned that the decision to grant the consents & designations meant key policies in the brand-new Auckland unitary plan “have been treated as little more than words on a page.

“Forest & Bird played an integral role in ensuring that the unitary plan provides for nature as well as people. We went to the High Court to change the unitary plan – and won – and as a result Auckland’s remaining biodiversity hotspots are protected in the plan. This decision has rendered those protections meaningless.”

Onehunga Enhancement Society chair Jim Jackson commented: “There is no way to now ‘redesign’ the Onehunga/Neilson St interchange end of the East-West Link within the designations & consents supported by the board of inquiry. Those designations & consents have to be scrapped.”

Mr Blair said Ngati Whatua o Orakei opposed the link designed for freight traffic for its “enduring & significant” adverse environmental & cultural effects.

“We look forward to having real input into the Auckland transport alignment project review and will contribute proactively on future sensible options for the Mangere Inlet & Onehunga area. There must be true collaboration amongst all the parties and not a short-sighted singular focus on road building as we’ve seen in recent years,” he said.

Historic Ngati Whatua links

Mr Blair said Ngati Whatua Orakei had a deep & ongoing connection to Te To Waka, Te Papapa, the Mangere Inlet & Onehunga area: “Its direct association with Onehunga dates back to the mid-17th century, while links through marriage connect the iwi to the entire length of the Maori occupation of the area.

“Ngati Whatua resided at Mangere & Onehunga in autumn & winter and, soon after Matariki, would plant & till the extensive gardens in the area. The Rev Samuel Marsden & John Logan Campbell both visited Ngati Whatua at Onehunga and, after the signing of the Treaty of Waitangi, Ngati Whatua Orakei with Waikato iwi were major players in the economy based around the trading port at Onehunga. The iwi moved its main base to Orakei in the mid-19th century.

“Onehunga land was ‘acquired’ from Ngati Whatua Orakei during the period of the Fitzroy waivers (1844-45), when settlers could purchase land directly from Maori vendors, itself a breach of the Treaty of Waitangi. When these transactions were later examined by land commissioners appointed by Governor Grey, the sale of only 8 acres was upheld. Of the remainder, 723a became Crown land and a further 575a were kept by the Crown as defence land – none was made available to the original owners, despite a requirement 10% of land sold was to be kept aside for the benefit of its ‘former’ Maori owners. This historic grievance was settled with Ngati Whatua Orakei in 2012.”

Links:
EPA, East-West link
About the east-west link
Draft report & decision

Attribution: Ngati Whatua release.

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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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Auckland warehouses sell, new Queenstown retail units ignored

2 Auckland warehouses were sold yesterday at CBRE’s first multi-property auction in 7 years (discounting a joint promotion with Bayleys in 2015), but 3 retail units in the new Ramada Remarkables hotel in Queenstown struggled to muster 2 bids (other than vendor indicators) between them.

Agencies sometimes take “out of town” properties to auction in the country’s biggest investor market, Auckland, and often enough find the big-city investors don’t materialise, as happened in this case.

Isthmus east

Panmure

34 Allenby Drive:
Features: 855m² site, existing house vacant, resource consented for 6 apartments & a terraced house
Outcome: vendor bids of $900,000 & $980,000, passed in
Agent: Peter Turner

North-west

New Lynn

12 Stock St:
Features: 660m² warehouse zoned light industrial, ground floor occupied by karate dojo on lease running to 1 March 2018 with 2 2-year rights of renewal; the vendor, the Auckland Play Centre Association, has vacated the upstair offices; 8 parking spaces
Outcome: sold for $970,000
Agents: Michael Bray & Deborah Dowling

South

East Tamaki

28C Andromeda Crescent:
Features: 901m² clearspan warehouse – 728m² warehouse with 4.8m stud height, 85m² warehouse office, 88m² first-floor office; new roof, 2 roller doors, sealed yard, tenant vacating in March        
Outcome: sold for $1.75 million
Agents: Patrick Sammon & Lewis Watson

South Island

Queenstown

Developer Rob Neil of Safari Group (NZ) Ltd, who has specialised in development of Quest hotels and, more recently, Ramada hotels, built the 59-suite Ramada Remarkables at Remarkables Park, including the 3 retail outlets which were taken to auction.

Total rent from 5 new tenancies is $300,900/year.

Agents for all 3 retail units were Richard Larman & Ellie Martin.

24 Hawthorne Drive, unit 2:
Features: 2 tenancies of 58m² & 88m², a rental car office & a gym, 2 parking spaces
Rent: $83,400/year net from 6-year leases, each with 2 3-year rights of renewal      
Outcome: passed in after a starting bid at $500,000 and closing with vendor bids of $1.05 million & $1.4 million, the last indicator representing a yield of 5.96%

24 Hawthorne Drive, unit 6:
Features: 228m² Franks Eatery, 8-year lease, 3 4-year rights of renewal, 2 parking spaces
Rent: $128,400/year net
Outcome: no bid

24 Hawthorne Drive, unit 7:
Features: 2 tenancies of 95m² & 61m²; the larger finance company tenancy of 6 years, 2 3-year rights of renewal, 2 parking spaces; the smaller ophthalmologist’s tenancy of 5 years, 3 3-year rights of renewal, 2 parking spaces
Rent: $89,102.12/year net
Outcome: passed in after a starting bid at $1 million and closing with a vendor bid of $1.4 million, representing a yield of 6.36%

Attribution: Auction.

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Warehouse sells at auction, but intensive residential sector mired in “no bids”

An Onehunga warehouse sale started Barfoot & Thompson’s regular weekly commercial & apartments auction on a strong footing yesterday, but the entire residential auction market has been much weaker for months.

The apartments segment of the Thursday morning auction saw 2 of the 7 cbd apartments sold under the hammer, one of them a certainty in an auction brought forward.

Over 2 days, of the 26 intensive residential properties I logged (including cross-leases at only one of 3 auction sessions), 7 were sold at auction and one shortly after. 8 attracted no bid, and 2 were withdrawn from auction.

The intensive segment of the market covers a wide spread of homes, from apartments in the city centre to houses on cross-leased sites in suburbia. The steadiest part of that market is the supply of traditional brick & tile suburban units, on either ground level or one up, usually with the parking that many apartments don’t offer, and with less likelihood of the horrendous costs incurred in remediation when leaks are discovered.

Commercial

Isthmus east

Onehunga

126 Captain Springs Rd:
Features: 1012m² site zoned heavy industrial, 402m² warehouse & office  
Outcome: sold for $1.353 million
Agents: James Marshall & Nick Wilson

Apartments

CBD

Federal St

18 Federal St, unit 2F:
Features: fully furnished one-bedroom apartment
Outgoings: body corp levy $3004/year
Outcome: passed in at $375,000
Agents: Elizabeth Khosravi & Hamid Farid

Learning Quarter

8 Airedale St, unit 202:
Features: one-bedroom apartment, balcony
Outgoings: body corp levy $1679/year
Income assessment: $300/week until 16 January
Outcome: no bid
Agent: Annie Xu

Silo, 23 Emily Place, unit 4C:
Features: one-bedroom apartment, balcony
Outgoings: body corp levy $2990/year, parking $829/year
Outcome: pre-auction offer $310,000 acceptable, sold for $320,000
Agents: Stephen Shin & Yasu Ka

Sapphire, 76 Wakefield St, unit 412:
Features: studio
Outgoings: body corp levy $1867/year
Income assessment: $300/week, fixed until February
Outcome: passed in at $202,000
Agents: Selina Zheng & Tommy Zhang

6 Whitaker Place, unit 11A:
Features: 85m², 2-bedroom apartment, 2 parking spaces, 2 storage lockers
Outgoings: body corp levy $8183/year
Income assessment: $650/week current, parking $65/week
Outcome: no bid
Agent: Sam Yang

38A Whitaker Place:
Features: 200m²-plus, 3-bedroom whole-floor penthouse apartment, 2 bathrooms, office, 3 balconies, 3 parking spaces, storage
Outgoings: body corp levy $14,035/year
Outcome: sold post-auction on an “as is, where is” basis
Agents: Carl Madsen & George Damiris

Uptown

132 Vincent St, unit 1F:
Features: 2-bedroom apartment, balcony, secure parking space
Outgoings: body corp levy $5605/year + $595/year for parking
Income assessment: $590/week fixed until April
Outcome: passed in at $675,000
Agent: Betty Shao

Victoria Quarter

Fiore, 152 Hobson St, unit 1206:
Features: 2-bedroom apartment, deck, parking space, storage locker
Outgoings: body corp levy $5235/year
Outcome: sold for $820,000
Agents: Selina Zheng & Tommy Zhang

Isthmus east

Ellerslie

10A Wilkinson Rd, unit 10:
Features: 2-bedroom unit
Outcome: withdrawn from auction
Agents: Rain Diao & Patsy Chen

Greenlane

18 Nolan Rd, unit 6:
Features: cross-lease, 1/7 share in 2567m², 3-bedroom home, 2 bathrooms, double garage
Outcome: sold for $1.305 million
Agents: Maria Lambert & Ann Mushet

Meadowbank

2 Cruickshank Crescent:
Features: cross-lease, half share in 764m² section, 2-bedroom duplex, carport
Outcome: passed in
Agents: John Yang & Sidney Chan

Onehunga

9 Clarke Rd, unit 1:
Features: 2-bedroom unit, carport
Outcome: sold for $738,000
Agent: Paul Hodgman

One Tree Hill

64 Rawhiti Rd, unit 6:
Features: 2-bedroom unit, internal access garage, storage
Outcome: passed in
Agents: Helen Lam & Wendy Sadd

89 Rawhiti Rd, unit 4:
Features: 3-bedroom unit, garage
Outcome: no bid, back on market at $1.195 million
Agent: Paul Hodgman

Remuera

Broadway Park, Ascot, 8 Middleton Rd, unit 202:
Features: 164m², 3-bedroom apartment, 2 bathrooms, patio, double garage, storage locker
Outgoings: body corp levy $8428/year
Outcome: no bid
Agent: Shirley Shen

St Heliers

Raeburn Court, 1 Cliff Rd, unit 2:
Features: 2-bedroom apartment, carport
Outcome: passed in
Agents: Wendy Sadd & Michele Ballinger

Raeburn Court, 1 Cliff Rd, unit 5:
Features: 2-bedroom garden apartment, carport
Outcome: no bid, back on market at $1.225 million
Agent: Karin Cooper

Isthmus west

Blockhouse Bay

7 Heaphy St, unit 2:
Features: cross-lease, 1/3 share in 1533m², 3-bedroom house, 2 bathrooms, internal-access double garage
Outcome: sold for $1.09 million
Agents: William & Simon MacLean

Freemans Bay

46C Beresford St:
Features: 3-level 3-bedroom townhouse, study, balcony, double garage
Outgoings: rates $2295/year including gst; body corp levy $2905/year
Outcome: no bid, back on market at $1.048 million
Agent: Shawn Shao

Grey Lynn

19 Maxwell Avenue:
Features: cross-lease, half share in 788m², 4-bedroom house, 2 bathrooms, offstreet parking
Outcome: passed in
Agents: Matt O’Rourke & Ryan Harding

Hillsborough

81 Hendry Avenue:
Features: cross-lease, half share in 898m², 5-bedroom house, 3 bathrooms, basement garage + offstreet parking
Outcome: no bid
Agent: Kelly Zhang

Mt Albert

71 Asquith Avenue, unit 1:
Features: 2-bedroom unit, carport
Outcome: passed in, back on market at $679,000
Agent: Kevin Liu

1 Hendon Avenue, unit 1:
Features: 3-bedroom unit, garage
Outcome: withdrawn from auction
Agent: Lily Wang

St Lukes

47 St Lukes Rd, unit 1:
Features: 2-bedroom unit, garage
Outcome: sold for $630,000
Agents: Scott Larsen & Fiona Ryan

Three Kings

14 Clinker St:
Features: cross-lease, half share in 1014m², 116m² 3-bedroom house, basement garage
Outcome: sold for $822,000
Agent: Cheryl Martin

North-east

Hillcrest

7A Almadale Place:
Features: cross-lease, half share in 908m², 3-bedroom house, double carport
Outcome: no bid, back on market at $859,000
Agent: Cheryl Martin

Attribution: Auctions & auction documents.

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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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6 sales & 9 leases for Bayleys agents

Bayleys agents on the North Shore have completed 6 sales & 6 leases locally, plus leases in Newmarket, Hobsonville & Riverhead.

Sales

North-east

Rosedale

4 Antares Place, unit F1:
Features: 113m² office, 3 parking spaces
Rent: about $33,065/year net + gst
Outcome: sold in November for $490,000 + gst at a 6.75% yield
Agent: Alex Strever

156 Bush Rd, unit F:
Features: 200m² industrial unit, 4 parking spaces, occupied by Corporate Hygiene Ltd
Rent: about $31,000/year net + gst
Outcome: sold in November for $600,000 + gst at a 5.2% yield, $3000/m² land & building
Agents: Laurie Burt & Matt Mimmack

13 Ride Way, unit B:
Features: 174m² industrial unit, 3 parking spaces
Rent: about $27,000/year net + gst
Outcome: sold in November for $500,000 + gst at a 5.4% yield, $2874/m² land & building
Agent: Laurie Burt

13 Ride Way, unit E:
Features: 174m² industrial unit, 3 parking spaces, occupied by JDK Maintenance Ltd
Rent: $26,500/year net + gst
Outcome: sold in October for $510,000 + gst at a 5.2% yield, $2931/m² land & building
Agent: Laurie Burt

Wairau Valley

201 Archers Rd:
Features: 8524m² site, 1640m² industrial building, tenants Newflor Industries Ltd & Timber Recyclers Ltd
Rent: $181,388.77/year net + gst
Outcome: sold in November for $7.04 million + gst at $826/m² land
Agents: Trevor Duffin, Ranjan Unka & Matt Mimmack

203 Archers Rd:
Features: 620m² industrial building occupied by Bean Ideal Ltd
Rent: about $111,000/year net + gst
Outcome: sold in November for $2.2 million + gst at a 5% yield, $3548/m² land & building
Agents: Trevor Duffin & Ranjan Unka

Leases

Isthmus east

Newmarket

128 Broadway:
Features: 69m² office
Rent: leased in November for $55,000/year net + gst, premises rental $797/m²
Agent: Tonia Robertson

North-east

Birkenhead

21-23 Enterprise St, first floor:
Features: 110m² office, 3 parking spaces
Rent: leased in November for $20,000/year net + gst, parking $20/space/week, net rent excluding parking $16,880/year + gst, premises rental $153/m²
Agents: Ildy Meixner, Caroline McNaught & Michael Nees

Rosedale

63 Apollo Drive, unit C3:
Features: 29m² office, parking space
Rent: leased in November for $16,500/year net + gst   
Agents: Dean Gilbert-Smith & Jane Sims

13 Lovell Court, unit A1:
Features: 50m² office, parking space
Rent: leased in November for $15,000/year net + gst, parking $15/space/week, rent excluding parking $14,220/year net + gst, premises rental $284/m²
Agents: Jane Sims & Steven Liu

5-7 Paul Matthews Drive, ground floor, unit E:
Features: 190m² office, 7 parking spaces
Rent: leased in November for $35,000/year net + gst   
Agents: Laurie Burt & Chris White

Takapuna

507 Lake Rd, level 1, suite 1:
Features: 102m² office, parking space
Rent: leased in October for $32,100/year net + gst, parking $50/space/week, rent excluding parking $29,500/year net + gst, premises rental $289/m²
Agents: Dean Gilbert-Smith & Jane Sims

68-76 Taharoto Rd, level 2, suite 218B:
Features: 18m² office
Rent: leased in November for $29,900/year net + gst, premises rental $1661/m²
Agent: Jane Sims

North-west

Hobsonville

39 Westpoint Drive, unit 2:
Features: 861m² unit – warehouse 663m², office 198m², 12 parking spaces
Rent: leased in November for $150,000/year net + gst 
Agents: Laurie Burt & Matt Mimmack

Riverhead

15 Timber Place:
Features: 2164m² yard
Rent: leased in November for $43,000/year net + gst, premises rental $20/m²
Agent: Rosemary Wakeman

Attribution: Agency release.

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