Archive | Mt Roskill

Goodman settles Mt Roskill acquisition

The Goodman Property Trust has settled its $93 million purchase of Foodstuffs (North Island) Ltd’s distribution centre in Mt Roskill.

The 13.1ha property at 58-60 Roma Rd has 36,977m² of warehouse & office space, plus yard & parking areas.

Goodman has acquired the distribution centre on a leaseback arrangement and will refurbish & reconfigure the facilities when Foodstuffs’ lease expires in 2021.

Site coverage of less than 30% & a light industrial zoning offer the longer-term opportunity through intensification of use or redevelopment that Goodman has specialised in.

Earlier story:
12 September 2018: Goodman buys Foodstuffs centre for future intensification

Attribution: Company release.

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Roskill South: a small window on a growing regeneration programme

Published & corrected 10 September 2018 – 2 numbers transposed in original version

Housing NZ has completed the first homes in what will be its biggest regeneration project in Auckland, removing 3000 houses gradually in groups and building at least 8400 replacements in Mt Roskill over 10-15 years.

It again involves another Government subsidiary, HLC (2017) Ltd – the former Hobsonville Land Co, now with a wider role – as project manager. HLC is already undertaking that role in Auckland regeneration projects in Mangere & Northcote.

Image above: The Roskill South regeneration area.

It will also align with the KiwiBuild concept of developing communities of mixed ownership – about one-third each of state housing, KiwiBuild homes (state-developed, to become privately owned) & houses sold direct to the market.

Corrected: In Mt Roskill, the targets are 3000 each for new state houses and for the open market, 2400 for KiwiBuild customers. [State & KiwiBuild numbers transposed in original version].

Housing & Urban Development Minister Phil Twyford (pictured), onsite for an inspection yesterday, said the Roskill South segment of the overall Mt Roskill project was also likely to introduce the shared ownership concept, raised by former Roskill MP & housing minister Phil Goff when he campaigned for the Treasury benches in 1984, but rarely used since.

“I’m expecting to have more say on shared equity in a couple of months,” Mr Twyford said.

Auckland mayor Phil Goff.

Mr Goff, now Auckland’s mayor, was at yesterday’s walk-around, which started at a new 3-bedroom house on Freeland Avenue, celebrating completion of the first new homes in Roskill South. His involvement with the neighbourhood goes way back: “I used to play in this street when I was a 6-year-old,” he commented.

The key to the financial success of the regeneration projects is intensification in existing suburbs, in many cases – such as the replacement at 43 Freeland Avenue – providing 4 homes where there was one.

Remodelling the landscape

The second important factor, arising alongside intensification, is the revision of the landscape. What’s known as the Freeland Reserve is there because, when the subdivision was begun decades ago, spaces not conducive to construction were set aside as “drainage reserves”.

In the second stage of the Roskill South regeneration, the covered drain will be “daylighted” and will resume being a stream, regarded as better to deal with stormwater. Auckland Council will lead that task, as it has done at other stream daylighting exercises in various suburbs where new housing development is taking place, and overall project manager HLC will contribute $2.7 million to the upgrade cost.

Modernising the old tram route

The third factor is access. Freeland Avenue winds around the middle of a small, undulating precinct between the maunga (the volcanic mount of Puketapapa – Mt Roskill) in Winstone Park, with the Akarana golfcourse beside it, Richardson Rd at the southern edge of the precinct, and Dominion Rd running from the fringe of the city centre almost all the way to the Manukau Harbour, passing beside this precinct and ending at Waikowhai Park.

Auckland’s first light rail line is planned to run out from the city centre, down Dominion Rd, and continuing on to Auckland Airport at Mangere. It will pass within 300m of most of the housing in the Roskill South regeneration, and also run past the Housing NZ regeneration project which began in Mangere in July, upgrading public transport to big job centres at each end.

Financing rental housing

Mr Twyford briefly mentioned one avenue for financing the increase in rental housing, private sector investment funds. That is about to start happening, assuming the successful launch of the Haven Living fund by Kerry Hitchcock (see separate story to be posted on Wednesday).

Links:
Housing NZ, Auckland housing programmes
Mt Roskill development
Mt Roskill South development
HLC

Related story today:
First homes finished in Roskill South

Related stories, 16 July 2018:
Putting change in context
Robertson outlines focus shift from GDP measure to wellbeing
Demolition starts on Mangere regeneration project
Finance minister calls Productivity Commission in to examine local body funding

Attribution: Site visit, Housing NZ & HLC websites.

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First homes finished in Roskill South

Published 10 September 2018

The Roskill South component of the Mt Roskill regeneration project began a year ago and will see 260 old state houses replaced by about 900 new homes. Housing Minister Phil Twyford caught an update on the project yesterday, on completion of the first new homes.

Image above: Regeneration beside the Freeland Reserve, at the foot of Puketapapa (Mt Roskill).

Housing NZ intends to replace the old state houses with 302 new state houses and 578 houses destined for private ownership over the next 6 years. Some will be sold on the open market and the others categorised as “affordable” and included in the Government’s KiwiBuild programme.

Roskill South stage 1 will see 25 state houses removed (some gone already) and 80 built over the next 2 years on a total 1.3ha. At a land value of about $1200/m² (an HLC guide on costs), section prices can be reduced below $200,000. At $2500/m² for construction, a 160m² house can be built for $400,000. Note: Those are rough & general calculations. Costs & prices will vary across the development, and new laneways will be introduced.

Mr Twyford said of the intensification, that the KiwiBuild programme “will help us build our way out of the housing crisis. Most wash their face through redevelopment of the land. We’re taking advantage of the Housing NZ balance sheet – we’re not expecting to need to use the Government balance sheet.”

In his one reference to the imminent advent of urban development authorities, Mr Twyford said the Auckland authority “is going to be leading up to a dozen state housing projects throughout Auckland”, but housing was only one part of that equation: “We’re planning a system for infrastructure,” he added.

Roskill South stage 2

In the second, 5ha stage of Roskill South, house removal & demolition will start this year, about 90 old state houses will go, and 300 new homes will be built, including 50-60 state houses.

The balance of 240 new homes will be aimed at the open market, including a proportion of cheaper homes.

Overall Mt Roskill project

The Roskill South regeneration area.

The Mt Roskill project is initially targeting Roskill South and the nearby suburb of Owairaka, most famous for its production of world-beating athletes in the 1960s, led by Murray Halberg & trained by Arthur Lydiard. Regeneration in other neighbourhoods is being considered over the 10-15 years of the project.

The area has 3000 state houses spread over 143ha (21/ha), to be replaced by about 10,000 homes at 70/ha. The current plan, according to Mr Twyford, totals 8400 – 2400 state houses, 3000 each of open-market & affordable homes to be marketed.

Under the Auckland housing programme, the Government’s target is to deliver almost 11,000 new state houses and over 12,600 new market homes in Auckland over the next 10 years, including cheaper homes under the Government’s KiwiBuild scheme.

While the focus has been on getting more houses built, and replacing old stock with warmer homes, Roskill MP Michael Wood said it was also about building communities.

That’s one reason for the mix of ownership – retaining a high percentage of rentals, adding first-homebuyers through KiwiBuild and including houses built for the open market.

Mr Wood’s predecessor as local MP, mayor Phil Goff, said Auckland’s current build rate was about 12,850 homes/year, and intensification meant 69% of them would be built in brownfield areas (existing suburbs), not in greenfields: “That means we are doing what we intended. Bring on light rail.”

As for the old drainage reserves, Mr Goff said they’d be transformed: “This [Freeland Reserve beside the new house the minister was being shown] will be a place for the community to congregate, with open streams instead of drains.”

Mr Goff was also pleased the commitment was made to tenants moving out to make way for the redevelopment, to be prioritised as residents of the new-builds, either as tenants or buyers. Gentrification [introducing higher-income residents in more expensive homes] was a concern Mr Twyford expressed when he visited the Mangere regeneration project, and Mr Goff commented: “We don’t want to gentrify.”

Mr Twyford reiterated his concern too: “These big urban development schemes are not simply a turbo-charged gentrification – the last thing we want to do is drive up the price of land and drive people out. We’re going to make sure the people who live in this community are at the head of the list to buy these new homes. People who move out will have the right to move back in.”

4 replacing 1

Housing NZ’s asset development group general manager, Patrick Dougherty, was developing apartments before he moved to the corporation 6 years ago. He said Housing NZ would add 6400 homes over the next 4 years, and planned to increase its portfolio by 16,000 over 10 years.

The intensification is evident in Roskill South. On 12 sections there where houses had been removed, Mr Dougherty said 45 new ones would be built: “And they’ll still have a tree at the back and a private yard.”

Housing NZ hiring overseas

One drawback is the shortage of appropriate construction workers. Mr Dougherty said Housing NZ had 2300 applications in the UK & South Africa when it went looking for development & project managers and quantity surveyors over winter. After interviews in London, 18 of the top 30 had been confirmed and should start arriving next month.

“We’re also recruiting here – 13 joined the asset development group last week.”

Price remains an issue

Mr Twyford addressed the continuing concern that intending to build more homes is fine, but Auckland is an expensive – $1 million-plus – city. In those circumstances, he said a $600,000 new home was “relatively affordable”. But, he added, “We know a $5-600,000 mortgage is not affordable. That’s why we’re introducing shared equity and reforming the rental laws.

“The $650,000 top of the KiwiBuild range is not a target, it’s a maximum. The first KiwiBuild homes at McLennan, Papakura, with 3 bedrooms, are selling for $579,000, way short of that price cap.

“We’re taking land built on in the 1950s-60s, retaining the number of state houses in the community but, through good urban design & modern architecture, we’re building better communities, using the land much more efficiently.”

Links:
Housing NZ, Auckland housing programmes
Mt Roskill development
Mt Roskill South development
HLC

Related story today:
Roskill South: a small window on a growing regeneration programme

Related stories, 16 July 2018:
Putting change in context
Robertson outlines focus shift from GDP measure to wellbeing
Demolition starts on Mangere regeneration project
Finance minister calls Productivity Commission in to examine local body funding

Attribution: Site visit, Housing NZ & HLC websites.

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Goodman buys Foodstuffs centre for future intensification

The Goodman Property Trust has bought Foodstuffs (North Island) Ltd’s distribution centre in Mt Roskill for $93 million.

The unconditional acquisition, which reflects a passing yield of about 5%, is expected to settle next month.

Goodman has acquired the distribution centre on a leaseback arrangement and will refurbish & reconfigure the facilities when Foodstuffs’ lease expires in 2021. It has site coverage of less than 30% & a light industrial zoning, thus offering the longer-term opportunity through intensification of use or redevelopment that Goodman has specialised in.

Located at 58-60 Roma Rd, the 13.1ha property has 36,977m² of warehouse & office space, plus yard & parking areas.

John Dakin, chief executive of the trust’s manager, Goodman (NZ) Ltd, said today: “Acquiring this asset extends our investment in the buoyant Auckland industrial market. The size of the property and the strategic location make it one of the city’s best industrial opportunities.”

The property is near the Waterview tunnel in Mt Roskill and offers direct access to the motorway systems north, south & west. It’s at the northern end of State Highway 20, still near the central city & port, and Mr Dakin said it would complement Goodman’s existing portfolio, which is predominantly in South Auckland.

“The population within a 20-minute delivery truck radius is estimated to be almost 700,000 people. With purchasing power of $21.3 billion, the surrounding consumer catchment makes it the ideal location for fulfilment [getting goods from warehouse to the customer] & logistics companies.

“With warehouse & logistics space already supply constrained, the growth of the city and the expansion of e-commerce is expected to drive future demand in this location.”

Attribution: Company release.

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3 sold in focus on cross-leases

7 of the 11 homes auctioned at Barfoot & Thompson’s city office yesterday afternoon were cross-leases, and 3 sold.

Also up for auction were a townhouse not on a cross-lease, an apartment & 2 standalone houses, all passed in.

A Newmarket apartment auctioned in the morning didn’t attract a bid.

The brick-&-tile sausage block is the standard from the past and they’re generally holding buyer interest, though the one in the photo above, in Mt Albert, didn’t attract a bid. Recent indications from the auctionrooms are that owners of suburban units & cross-leased homes, having gone to market, are resisting price reductions.

Isthmus east

Greenlane

93 Wheturangi Rd, unit 2:
Features: cross-lease, 1/5 share in 1942m², 2-bedroom unit, study, conservatory, garage
Outcome: sold for $1.057 million
Agents: Wendy Sadd & Helen Lam

Mt Wellington

36 Panama Rd, unit 1:
Features: cross-lease, ¼ share in 1232m², 2-bedroom unit, garage
Outcome: no bid
Agent: Paula Boontueng

Newmarket

Queen’s Lodge, 176 Broadway, unit C308:
Features: 64m², 2-bedroom apartment, 2 ensuites, secure covered parking space
Outgoings: body corp levy $2144/year for unit, $415/year for parking
Income assessment: $650-680/week
Outcome: no bid, back on market at $658,000
Agents: Selina Zheng & Tommy Zhang

Onehunga

49 Namata Rd, unit 2:
Features: cross-lease, 1/3 share in 895m², 2-bedroom unit – double-glazed, insulated, rewired; carport
Outcome: sold for $750,000
Agent: Kelly Fan

Remuera

17A Armadale Rd:
Features: cross-lease, 1/3 share in 858m², 3 bedrooms, 2 bathrooms, carport
Outcome: passed in at $1,281,500
Agents: Wayne Guo & Coco Wang

Isthmus west

Mt Albert

8 Counsel Terrace, unit 3:
Features: cross-lease, 1/6 share in 1315m², one-bedroom unit
Outcome: no bid, back on the market at $610,000
Agents: Wayne Guo & Zoe Zhang

Mt Eden

145 Mt Eden Rd, unit 10:
Features: 2-bedroom apartment, parking space
Outgoings: body corp levy $4343/year
Outcome: passed in at $820,000
Agent: Mozhgan Bahrami

573C Mt Eden Rd:
Features: 209m², 4-bedroom townhouse, 3 bathrooms, double garage
Outcome: passed in at $1.55 million
Agents: Ricky Fan & Joyce Gu

Mt Roskill

98 Melrose Rd, unit 4:
Features: cross-lease, ¼ share in 1378m², 75m² 2-bedroom unit, parking space
Outcome: passed in at $560,000
Agents: Michael Zhang & Debbie-Lee Wallace

North-west

New Lynn

1 Riverview Rd, unit 1:
Features: cross-lease, half share in 1042m², 180m² 3-bedroom unit, 2 bathrooms, double garage
Outcome: sold for $907,500 at auction brought forward
Agents: Anna Lechtchinski & Alex Wu

Attribution: Auction.

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4 industrial sales & 10 leases

Commercial Realty Ltd agents have completed 4 industrial sales for over $50,000, also leased one of those properties and signed another 9 leases since April. The agency specialises in industrial & commercial property. I haven’t gone back to determine the types of property in each transaction.

Sales

Isthmus east

St Johns

145F Morrin Rd:
Features: 91m²
Outcome: sold for $350,000 + gst
Agent: David Turner

South

East Tamaki

29F Neilpark Drive:
Features: 100m²
Outcome: sold for $320,000 + gst
Agent: David Turner

South of the Bombays

Manawatu

Levin

16-20 Roe St:
Features: 1315m²
Outcome: sold for $2.45 million + gst, leased for $175,000/year + gst
Agent: John Lee

Waikato

Pokeno

Gateway Business Park:
Features: 11,000m² of land
Outcome: sold for $2.439 million + gst
Agent: Mark Bramwell

Leases

Isthmus east

Mt Wellington

24R Allright Place:
Features: 485m²
Rent: leased for $56,000/year + gst
Agent: Danny Guise

Onehunga

14 Angle St:
Features: 575m²
Rent: leased for $78,000/year + gst
Agent: Danny Guise

Penrose

Part 8-12 Greenpark Rd:
Features: 1460m²
Rent: leased for $185,000/year + gst
Agents: Danny Guise & Willie Fernandes

373 Neilson St:
Features: 2598m²
Rent: leased for $435,476/year + gst
Agent: Willie Fernandes

Isthmus west

Mt Roskill

62-68 Carr Rd:
Features: 1050m²
Rent: leased for $76,800/year + gst
Agent: Reid McGowan & Willie Fernandes

South

East Tamaki

110D Cryers Rd:
Features: 309m²
Rent: leased for $52,000/year + gst
Agent: David Turner

Mangere

17 Aintree Avenue:
Features: 1100m²
Rent: leased for $150,000/year + gst
Agent: Kerry McGuffog

Part 38 Richard Pearse Drive:
Features: 1566m²
Rent: leased for $195,000/year + gst
Agents: Mike Edward, Reid McGowan & Willie Fernandes

Papakura

40-52 Hunua Rd:
Features: 1000m²
Rent: leased for $123,575/year + gst
Agent: Mark Bramwell

Attribution: Agency release.

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Quiet week for intensive residential in the auction room

It’s been a quiet time for the auction process at Barfoot & Thompson’s city branch this week as 19 apartments, suburban units & cross-leases in the central city (Precinct) and around the isthmus were auctioned at 5 sessions. Another 5 were auctioned at the regular Thursday morning apartments session – all passed in (see separate story).

Outside that Thursday morning session, 4 were sold under the hammer, 11 were passed in, 2 were withdrawn from auction and 2 were sold pre- or post-auction.

CBD

Lorne St

Precinct, 6 Lorne St, unit 2205:
Features: 2 bedrooms, 2 bathrooms, parking space
Outcome: no bid
Agents: Danny Upton & James Yu

Isthmus east

Epsom

1A Campbell Crescent, unit 1:
Features: 2-bedroom unit, parking space
Outcome: no bid
Agents: George Fong & Laura McAuley

Epsom Mews, 533 Manukau Rd, unit 15:
Features: 2-bedroom unit, carport, storage locker
Outcome: passed in, back on market at $788,000
Agent: Robert Thompson

Onehunga

48 Mays Rd, lot 10:
Features: 5 bedrooms, 2 bathrooms, double internal-access garage, 10-year master builder warranty
Outcome: withdrawn from auction
Agent: Kevin He

One Tree Hill

11A Houpara St:
Features: cross-lease, half share in 945m², 3 bedrooms, double garage
Outcome: no bid, back on market at $849,000
Agent: Paul Hodgman

71 Rawhiti Rd, unit 3:
Features: cross-lease, 1/3 share in 1230m², 3 bedrooms, garage
Outcome: sold for $1.121 million
Agents: Wendy Sadd & Helen Lam

Remuera

45 Abbotts Way, unit 2:
Features: 2-bedroom unit, carport
Outcome: sold at pre-auction
Agent: Ricky Fan

746 Remuera Rd, unit 1:
Features: 2-level 2-bedroom townhouse, double garage
Outcome: sold for $835,000
Agent: Sam Bowen

Royal Oak

29 Inkerman St, unit 3:
Features: 2-bedroom unit, carport
Outcome: passed in
Agent: Oscar Zhao

29 Mt Smart Rd, unit 3:
Features: cross-lease, 1/5 share in 1191m², 2-bedroom unit, offstreet parking
Outcome: sold for $672,000
Agent: Di Martens

St Johns

52 Merton Rd, unit 1:
Features: 2-bedroom unit, carport
Outcome: passed in
Agent: Zdenka Zinajic

Isthmus west

Freemans Bay

Star Apartments, 59 Hepburn St, unit 5:
Features: 2-bedroom apartment
Outcome: sold for $822,500
Agent: Matt O’Brien

Grey Lynn

424F Richmond Rd:
Features: reclad 2-level 2-bedroom unit, 2 bathrooms, 2 parking spaces, code compliance certificate not yet attained
Outcome: withdrawn from auction
Agents: Sherryl Jones & Jack Atherton

Hillsborough

13A Locke Avenue:
Features: 3 bedrooms, garage
Outgoings: body corp levy $1040/year
Outcome: no bid
Agent: Michelle Mi

Mt Eden

Paddington Green, 7 Balmer Lane:
Features: 219m² site, 4-bedroom townhouse, 2 bathrooms, garage
Outcome: passed in
Agents: Sara Knight & Vern Hines

Valley View, 351 Mt Eden Rd, unit 6:
Features: 2-bedroom apartment, Juliet balcony
Outcome: sold post-auction
Agent: Anna Copeland

Mt Roskill

3 Keystone Avenue, unit 3A:
Features: one-bedroom apartment, 2 parking spaces, storage locker, full reclad completed
Outcome: no bid
Agent: Prasanna Kumar

353 Mt Albert Rd, unit 1:
Features: cross-lease, 95m² 3-bedroom upstairs unit, garage
Outcome: no bid, back on market at $699,000
Agent: Kelly Zhang

St Marys Bay

117 Shelly Beach Rd, unit 9:
Features: 3-bedroom terrace, 3 bathrooms, balcony, secure double garage
Outcome: no bid
Agents: Carl & Rosanne Madsen

Related story today: 5 apartments out of 5 passed in

Attribution: Auction documents.

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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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4 apartment & unit sales out of 13 on offer, one commercial sale under the hammer

Of 14 apartments, townhouses & units auctioned at Barfoot & Thompson’s city office over the last 2 days, 3 sold under the hammer and one post-auction, and one was withdrawn.

The one commercial property auctioned at yesterday’s regular apartments & commercial session, a shop in the Mt Roskill village, was sold under the hammer.

Apartments, townhouses & units:

CBD

Learning Quarter

Statesman, 1 Parliament St, unit 1305:
Features: one-bedroom apartment, balcony
Outgoings: body corp levy $3532/year
Outcome: sold for $508,000
Agent: Sarah Zhang

Uptown

39 Pitt St, unit 25:
Features: 2-bedroom apartment, covered parking space
Outgoings: body corp levy $2096/year + special levy this year $1499 for painting
Outcome: passed in
Agents: Luke Shi & Alexander Kramarenko

Victoria Quarter

Fiore on Hobson, 152 Hobson St, unit 205:
Features: one-bedroom apartment, balcony
Outgoings: body corp levy $2682/year
Outcome: passed in, back on market at $379,000
Agents: Livia Li & Alan Guo

Isthmus east

Epsom

5 Bloomfield Place:
Features: 2-level 4-bedroom unit, 2 bathrooms, offstreet parking
Outcome: no bid, sold post-auction
Agents: Frances Li & Ian Thornhill

30 Kimberley Rd, unit 4:
Features: 2-bedroom ground-floor unit, offstreet parking space
Outcome: no bid, back on market at $599,000
Agent: Cici Wang

One Tree Hill

133 Campbell Rd, unit 3:
Features: 2-bedroom unit, garage
Outcome: sold for $750,500
Agents: Tommy Joseph Fernandez & Kathi Yuen

Parnell

Dakota, 5 Cheshire St, unit 3J:
Features: 74m², 2-level 2-bedroom apartment, 2 bathrooms, secure parking space
Outcome: sold for $811,500
Agent: Steve Su

11 Dovedale Place:
Features: leasehold, reclad 3-bedroom townhouse, 2 bathrooms, single internal-access garage, code compliance certificate to be issued before settlement
Outcome: no bid
Agent: Gill Macdonald

Remuera

Stonecrest, 707 Remuera Rd, unit 3C:
Features: 3-bedroom apartment, 2 bathrooms, deck, 3 parking spaces, storage locker
Outcome: no bid
Agents: Leila MacDonald & Michael Bacher

32 & 34 Wiles Avenue:
Features: 1437m² section in 2 titles, 2 ex-state duplexes, one of 2 bedrooms, the other of one bedroom; resource & building consents issued for 2 new homes – one on a net 562m², floor area 390m², the other on 775m², floor area 456m²
Outcome: no bid
Agent: Michelle Zhang

St Johns

95I Felton Mathew Avenue:
Features: 4-bedroom apartment, offstreet parking
Outcome: no bid
Agent: Peter Hutson

95K Felton Mathew Avenue:
Features: 3-bedroom apartment, deck, offstreet parking
Outcome: withdrawn from auction
Agents: Maree Currie & Paul Robertson

Stonefields

9A Guyon St:
Features: 102m² site, 2-bedroom terrace, courtyard, carport
Outcome: passed in, back on market at $979,000
Agent: Philip Oldham

North-west

Kelston

8A Kelwyn Rd:
Features: 432m² section, 3-bedroom townhouse, 2 bathrooms, deck, patio, double internal-access garage
Outcome: no bid, back on market at $669,000
Agents: Cici Wang & Leo Liu

Commercial

Isthmus west

Mt Roskill

1484C Dominion Rd:
Features: shop on 147m² site
Rent: $8406/year + gst on lease to Vodafone NZ Ltd renewed for 2 years from today
Outcome: sold for $726,000
Agent: Nick Wilson

Attribution: Auction documents.

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One unit out of 5 sells at Barfoot auctions

One suburban unit sold post-auction out of 5 offered at 3 sessions at Barfoot & Thompson’s city office last week.

The unit sold was in Greenlane. A SugarTree apartment in the city centre didn’t receive a bid.

In the agency’s Thursday morning apartments auction session, one of the 2 units sold under the hammer.

CBD

Victoria Quarter

SugarTree, 27 Union St, unit 514:
Features: 49m², one-bedroom apartment, study, balcony, parking pace
Income assessment: $500/week + $70/week for parking, fixed until February
Outcome: no bid
Agents: Ivy Ong & Tom Chiu

Isthmus east

Greenlane

30 Garland Rd, unit 2:
Features: 2-bedroom unit, deck, double garage
Outcome: sold post-auction
Agents: Helen Lam & Wendy Sadd

Isthmus west

Mt Roskill

1542 Dominion Rd Extension, unit 2:
Features: 3-bedroom unit, study, internal-access garage
Outcome: no bid
Agents: Eric Xie & Lindsay Hooke

24 Princes Avenue, unit 3:
Features: 67m², 2-bedroom unit, garage
Outcome: passed in at $710,000, back on market at $839,000
Agent: Dee Brennan

North-west

Te Atatu South

35A Coniston Avenue, unit 1:
Features: 2-bedroom unit, internal-access garage
Outcome: passed in
Agents: Fleur Reece & Angela Light

Attribution: Auctions.

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