Archive | St Lukes

Updated: One apartment out of 6 sells, Sugartree deals follow

Published 17 November 2017, updated 27 November 2017
Just one of the 6 apartments auctioned at Ray White City Apartments on 16 November was sold under the hammer. Within a week, however, the 2 units in Sugartree’s Centro block were both sold (one conditionally).

The one initial sale, of a unit in the Spencer on Byron in Takapuna where there are remediation expenses, followed a contest between 4 bidders.

There were also multiple bidders for the 2 units in stage 2 of the Sugartree development at the top of Nelson St, Centro, on the western edge of the cbd, where off-the-plan buyers took ownership last month. However, bidding on both petered out short of the reserve.

CBD

Learning Quarter

The Quadrant, 10 Waterloo Quadrant, unit 1906:
Features: 32m², one bedroom
Outgoings: rates $1237/year including gst; body corp levy $3930/year
Income assessment: $420-440/week furnished
Outcome: passed in after bid at $290,000 & vendor raise to $350,000
Agents: May Ma & Mark Li

Victoria Quarter

Updated: Sugartree Centro, 145 Nelson St, unit 202:
Features: 56m² internal, 4m² balcony, one bedroom + flexi room, secure covered parking space, storage locker
Outgoings: rates to be confirmed; body corp levy $2766/year
Income assessment: $550-600/week furnished
Outcome: passed in at $500,000, sold conditionally post-auction for $525,000
Agents: Dominic Worthington & Ady Huang

Updated: Sugartree Centro, 145 Nelson St, unit 706:
Features: 53m² internal, 5m² balcony, one bedroom, study
Outgoings: rates to be confirmed; body corp levy $2671/year
Income assessment: $530-580/week furnished
Outcome: passed in at $480,000, sold post-auction for $510,000
Agent: Lisa Zhang

Isthmus west

Mt Eden

66 Mt Eden Rd:
Features: 130m², 4 bedrooms, 2 bathrooms, 2 parking spaces
Outgoings: rates $2946/year including gst; body corp levy $5968/year
Income assessment: $950-1050/week furnished
Outcome: passed in at $750,000
Agents: Dusan Valenta & Adele Keane

St Lukes

Tremont Apartments, 4 Wagener Place, unit 110:
Features: 130m², 3 bedrooms, 2 bathrooms, 2 parking spaces
Outgoings: rates $2207/year including gst; body corp levy $6728/year, plus $5382 for building investigation & legal levies relating to leaks; the vendor agreed to assign its rights & causes of action to the buyer
Income assessment: $750/week furnished
Outcome: passed in at $250,000
Agents: Dusan Valenta & Adele Keane

North-east

Takapuna

Spencer on Byron, 9-17 Byron Avenue, unit 1106:
Features: 48m², fully furnished one bedroom, double balcony
Outgoings: rates $1178/year including gst; body corp levy $3140/year, the vendor has assigned any recovery from remediation legal action to the buyer and the unit has been sold on an “as is, where is” basis
Outcome: sold for $275,000
Agents: James Mairs & Gillian Gibson

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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2 suburban units sell

2 suburban units were sold at Barfoot & Thompson’s residential auction today, and a St Lukes townhouse was passed in.

9 of the 10 houses at the morning auction were also sold under the hammer.

Isthmus east

Mt Wellington

330 Ellerslie-Panmure Highway, unit 4:
Features: 2-bedroom unit, carport
Outcome: sold for $620,000
Agent: Angie Cheng

Isthmus west

St Lukes

Silverfield Terraces, 3 Wagener Place, unit 58:
Features: 3-level terrace townhouse, 3 bedrooms, 2 bathrooms, fenced courtyard, 2 parking spaces
Outcome: passed in, back on the market at $739,000
Agents: Margaret Johnston & Phyllis Brooks

North-west

Te Atatu South

134 Edmonton Rd, unit 2:
Features: cross-leased, one-sixth share in 1619m², refurbished 2-bedroom unit, carport
Outcome: sold for $450,000
Agent: Sue Ma

Attribution: Auction documents.

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4 out of 4 sell at Barfoots apartment auction

3 central city apartments – at Quay West, Federal City & Altitude – and one at St Lukes sold under the hammer at Barfoot & Thompson’s auction today.

CBD

Albert St

Quay West, 8 Albert St, unit 1901:
Features: 111m², air-conditioned, 2 bedrooms, 2 bathrooms, 2 balconies, parking space
Outcome: sold for $910,000
Agent: Belinda Illingworth

Federal St

Federal City, 207 Federal St, unit 610:
Features: 61m², corner 2 bedrooms, balcony
Outcome: sold for $557,000
Agents: Stephen Shin & Yasu Ka

Victoria Quarter

Altitude, 34 Kingston St, unit 20E (pictured):
Features: 2-bedroom penthouse, 35m² deck, spa pool
Outcome: sold for $565,000
Agents: Alex Allan & Rita Herceg

Isthmus west

St Lukes

Silverfield Terraces, 3 Wagener Place, unit 37:
Features: m², 3-level townhouse, 4 bedrooms, courtyards, double garage + single parking space
Outcome: sold for $794,000
Agent: Livia Li

Attribution: Auction.

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Propbd on Q W23Dec15 – Vodafone to move, Mercer sells division to manager, Daldy St unconditional, St Lukes sale, Novotel opens

Vodafone leaving Fanshawe St
Mercer Interiors manager buys division
Goodman joint venture unconditional on Daldy St building
Argosy sells St Lukes property
Novotel opens in New Plymouth

9.45am:
Vodafone leaving Fanshawe St

Vodafone NZ Ltd has told its landlord, a 51:49 joint venture between the Goodman Property Trust and the Singaporean sovereign wealth fund GIC, it won’t be renewing its lease on the Vodafone Building on Fanshawe St when it expires in April 2017.

Trust manager Goodman (NZ) Ltd’s chief executive, John Dakin, said today the 13,932m² building opposite Victoria Park would be one of very few opportunities available for large corporate occupiers seeking prominent business premises in 2017.

Mercer Interiors manager buys division

Mercer Group Ltd has entered into an unconditional agreement to sell its interiors division to an entity majority-owned by the division’s general manager, Ivan Ramsey.

Mr Ramsey’s $2.15 million purchase (subject to customary adjustments) includes fixed assets and the lease of the Christchurch manufacturing site, and relevant employees will stay with the interiors business.

$1.25 million is payable on the completion date, the balance in 2 equal instalments on the first & second anniversaries of the completion date, 2 February 2016.

Mercer chief executive Richard Rookes said the sale was a further step in the restructuring of the group, following sale of the medical division in October: “Mercer can now focus on its core business & its new vision, which is to design & supply innovative food-processing & packaging systems to the world. With the relocation of the head office to our premises in Christchurch in the first quarter of 2016, the restructuring will be largely complete and we can focus on growing our core business.”

Mr Ramsey said: “We look forward to growing the interiors business with exciting new products from Wilsonart and our NZ-manufactured sink range during 2016 & beyond.”

In a second transaction, Mercer has acquired 25% of Titan Slicer Ltd for a nominal $1 and now owns 100%. The Titan operations will move from Nelson to Mercer’s headquarters in Christchurch in the first quarter of 2016.

Goodman joint venture unconditional on Daldy St building

Goodman (NZ) Ltd confirmed yesterday that the joint-venture purchase of the office building being developed in the Viaduct Quarter for Datacom was unconditional.

Fletcher Building Ltd will hand over the 16,735m² building – on the corner of Gaunt & Daldy Sts in the Wynyard Quarter’s VXV Precinct – when it completes construction in March 2017. The $86.2 million acquisition is being made by Wynyard Precinct Holdings Ltd, the joint venture between the Goodman Property Trust & Singapore sovereign wealth fund GIC.

Earlier story:
27 March 2015: Fletcher & Goodman sign up for new Wynyard Quarter building

Argosy sells St Lukes property

Argosy Property Ltd said yesterday it had entered into an unconditional agreement to sell the industrial property at Wagener Place, St Lukes, for $10.5 million, and the Storage King business that occupies the property for $500,000.

Chief executive Peter Mence said settlement was due in March. Argosy had classified the property as non-core. The company has sold $36.1 million of properties this financial year.

Novotel opens in New Plymouth

Accor Hotels & Resorts has opened the $22 million 85-room 4½star Novotel New Plymouth Hobson. The hotel, on the corner of Hobson & Leach Sts, has executive rooms, studios, one-bedroom apartments and a penthouse suite, 3 food & beverage outlets, 2 meeting rooms, a swimming pool, gymnasium & day spa.

Owner Philip Brown developed the hotel, and Foster Construction Ltd of Hamilton and CL Construction Ltd of New Plymouth built it.

Attribution: Company releases.

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Committee concludes St Lukes mall expansion effects minor, so hearing non-notified

Scentre (NZ) Ltd’s resource consent application to double the size of its Westfield St Lukes mall will be determined non-notified, which excludes other parties from the process.

Auckland Council’s hearings committee heard the company’s application for non-notification last week, deliberated behind closed doors and issued its decision yesterday.

Committee chair Linda Cooper said in a release yesterday the company had an existing consent to extend the mall, granted in 2011, and the latest application made some amendments & additions to it, including the replacement of rooftop parking above the consented mall and expanding retail areas.

She said the effects in the application were considered less than minor: “The proposal is in line with the St Lukes concept plan, which was developed following extensive public consultation.

“The proposal will have a height & separation distance to neighbouring properties that will avoid dominance, amenity or shadowing effects for neighbours. It also considers all traffic aspects and does not anticipate additional parking demands on surrounding roads.”

The committee has appointed independent commissioners to decide the outcome of the resource consent application.

Scentre Group New Zealand development executive David Drew said the concept plan was originally recommended by independent commissioners, subsequently approved by the council and the St Lukes Residents Association, and was now part of the operative district plan.

One thing not decided is the start of development: “We are still masterplanning and no decisions have been made as to the timing of any development at St Lukes.”

Committee conclusions

The hearings committee said it determined overall effects would be minor on the basis that they would be within the envelope expected by the concept plan introduced by plan change 34, and the mitigation works & assessment criteria.

Onsite parking will be increased by 1479 spaces to 3497 spaces.

The committee said staged construction & staged opening of new tenancies would reduce offsite parking effects.

On requests for public input, the committee said: “The concept plan reflects that past input by setting out the expectations around the level & location of the expansion, roading improvements and mitigation & urban design considerations. In following the broad direction of the concept plan, the application does not introduce unforeseen adverse effects or raise any other matter not contemplated by the concept plan.

“Therefore it is unlikely further information or debate from possible submitters that could like improve the quality of decision-making necessary at the section 104 (Resource Management Act) stage will be elicited.”

Westfield (the Scentre predecessor) got a plan change in 2012 to rezone land adjoining the shopping centre & owned by it to business 8, and enabling the company to double the maximum gross floor area to 92,500m², including 15,000m² for offices.

Earlier stories:
17 November 2015: Council closes doors to decide on St Lukes notification
17 February 2012: Plan change to double St Lukes mall goes through final council hoop
13 January 2012: Court issues consent order for St Lukes rezoning & expansion
19 December 2010: St Lukes: the debate
18 November 2010: Westfield gets St Lukes plan change approval as mayor talks mediation

Attribution: Council decision & release.

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Council closes doors to decide on St Lukes notification

Auckland Council’s hearings committee went into closed meeting today to decide whether Scentre (NZ) Ltd’s application to increase the gross floor area of the St Lukes mall to 77,013m² should be publicly notified.

Cllr Cathy Casey, giving her voice to local opposition to the original plan change in 2010 and again at later stages, wanted to know the legal basis for making the deliberations confidential but got no explanation from committee chair Linda Cooper.

Planning consultant Andrew Wilkinson said in his report on the application for the council that impacts of the near-doubling of the mall’s footprint would be no more than minor and it needn’t be either notified or limited notified (to named parties).

Albert-Eden ward councillor Casey (able to take part in the open debate though not a member of the committee) and local board member Graeme Easte both insisted the impact on an already congested road network would be considerable, which should make the application notified.

However, Mr Wilkinson said completion of the western ring route in early 2017, through the tunnels & interchange connecting State Highway 20 to State Highway 16 at Waterview, would bring a critical reduction in traffic on the existing road network.

Planning consultant Vaughan Smith, for Scentre, said St Lukes had been developed at a time when totally inward-facing malls were considered acceptable. Private plan change 8 rezoned land adjoining the shopping centre & owned by Scentre predecessor Westfield (NZ) Ltd to business 8, and enabled Westfield (and now Scentre) to double the maximum gross floor area to 92,500m², including 15,000m² for offices. It would also become a more open centre.

Mr Smith said appeals were all resolved through mediation before getting to the Environment Court. Although Cllr Casey said mayor Len Brown had quieted initial opposition by saying critics would get their chance during the resource consent process, Mr Smith disagreed that there was an expectation the application would be notified.

He said it was always intended that a series of resource consents would be required, and that controlled or restricted discretionary activities would be considered without notification. “The things that pushed this into a discretionary status were relatively minor,” he said.

He added: “The scale of development in this application is envisaged in the district plan and concept plan for this site…. There was no requirement [to consult on resource consents] and no consultation. For the plan change there was a lot of consultation.”

This consent application is for combined stages 4-5 of the development.

Hearing panel appointments:

The hearing committee also appointed commissioners today to hear 2 other urban applications plus a variation for the Te Muri regional park:

Newmarket level crossing project, Auckland Transport notice of requirement & applications for resource consent: Simon Berry (chair), Janine Bell & David Mead
Milford, Milford Shopping Centre, 114 Kitchener Rd: Karyn Sinclair (chair), Melean Absolum, Craig Shearer & Phelan Pirie (Rodney local board member)
Te Muri: Barry Kaye (chair) & Sheena Tepania

Image above: An artist’s impression of the transformed St Lukes mall at the corner of St Lukes Rd & Morningside Drive.

Link:
Committee agenda 17 November 2015

Earlier stories:
17 February 2012: Plan change to double St Lukes mall goes through final council hoop
13 January 2012: Court issues consent order for St Lukes rezoning & expansion
19 December 2010: St Lukes: the debate
18 November 2010: Westfield gets St Lukes plan change approval as mayor talks mediation
19 October 2008: Plan change would allow 200 apartments in 3 towers above Milford shopping centre

Attribution: Council committee meeting.

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3 apartments sell at Bayleys

3 apartments were sold under the hammer at Bayleys’ residential auction on Wednesday, including one in the Courtville building (pictured) across the street from the High Court.

CBD

Learning Quarter

Courtville, 9 Parliament St, unit 6:
Features: one bedroom, balcony
Outgoings: rates $1460/year including gst; body corp levy $6785/year
Outcome: sold for $470,000
Agents: Diane Jackson & Julie Prince

Isthmus east

Parnell

30 St Georges Bay Rd, unit 2:
Features: 79m², 2 bedrooms, parking space
Outgoings: rates $2020/year including gst; body corp levy $5081/year
Outcome: sold for $792,000
Agents: Amy Hain & Chris Reeves

Isthmus west

Grey Lynn

Aston, 332 Great North Rd, unit 1:
Features: 2 bedrooms, 2 bathrooms, covered wraparound decks on corner apartment, double parking space
Outgoings: body corp levy $4382/year
Income assessment: $/week
Outcome: sold for $787,500
Agents: Blair Haddow

Herne Bay

42F West End Rd:
Features: 175m², 3 bedrooms, 2 bathrooms, decks, 2 parking spaces, New York loft-style townhouse
Outgoings: body corp levy $3382/year
Outcome: passed in
Agents: Blair Haddow

St Lukes

12 Morning Star Place, unit 2:
Features: 3 bedrooms, large deck, 2 parking spaces
Outgoings: rates $1508/year including gst; body corp levy $6062/year
Outcome: passed in
Agents: Dave Hamlyn

Attribution: Agency release.

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Wide range of properties sold at Greater Auckland auction

18 commercial properties were sold under the hammer out of 30 taken to auction in Bayleys’ Greater Auckland portfolio on Wednesday. They ranged from 2 retail units in the old Auckland Electric Power Board building on Queen St in the cbd to a section with 2 houses on it at Pokeno and 3 shops in Tuakau.

CBD

Federal St

209 Federal St:
Features: 60m² ground-floor shop at entry to apartment complex, offered with vacant possession
Rent: vacant
Outcome: no bid
Agents: Millie Liang

Queen St

Power board building, 187-189 Queen St, unit A:
Features: 171m² retail unit, one of 3 units taken to auction by Landmark Property Holdings Ltd (Greg Wilkinson)
Rent: established tenant BBQ King returning $90,079/year net + gst
Outcome: sold for $1.61 million at 5.6% yield
Agents: Alan Haydock & James Chan

187-189 Queen St, unit B:
Features: 176m² retail unit
Rent: $438,759/year net + gst, fully leased by OPSM since 1996
Outcome: withdrawn from auction
Agents: Alan Haydock & James Chan

187-189 Queen St, unit C:
Features: 56m² retail unit
Rent: established tenant Lush returning $160,000/year net + gst
Outcome: sold for $3.23 million at 4.95% yield
Agents: Alan Haydock & James Chan

Victoria Quarter

51F Hobson St:
Features: 994m², 3 restaurant tenants, fully leased, 23 basement parking spaces
Rent: $270,841/year net + gst, anchor tenant has just renewed for 6 years
Outcome: no bid
Agents: Damien Bullick & Alan Haydock

Isthmus east

Epsom

107 Great South Rd, unit C:
Features: 253m² unit, 8 parking spaces, seismic rating 100% new building standard
Rent: fully leased, returning $71,073/year net + gst
Outcome: sold for $985,000
Agents: Laurie Bell & Kate Kirby

Glen Innes

25-27 Mayfair Place:
Features: 292m² 2-level building on 151m² site in Glen Innes’ main retail strip, dual frontage, 2 ground-floor tenants on leases running until 2016 & 2017, upstairs office space vacant
Rent: $42,000/year
Outcome: sold post-auction for $570,000
Agents: Quinn Ngo & Owen Ding

Panmure

172 Queens Rd:
Features: 149m² shop on main street
Rent: $36,000/year net from superette
Outcome: sold for $540,000 at 6.85%
Agents: Tony Chaudhary & Janak Darji

Penrose

996B Great South Rd:
Features: 430m² showroom & office, high-stud storage
Rent: $75,000/year net + gst from new lease
Outcome: passed in at $980,000
Agents: Greg Hall & James Hill

Isthmus west

Herne Bay

155 Jervois Rd:
Features: 657m² site, 147m² villa occupied by Merino Kids
Rent: $63,826/year net + gst
Outcome: passed in at $1.73 million
Agents: Ranjan Unka & Brian Caldwell

157 Jervois Rd:
Features: 371m² site, 150m² villa occupied by Ardmore Development Ltd
Rent: $38,000/year net + gst
Outcome: passed in at $1.36 million
Agents: Ranjan Unka & Brian Caldwell

Mt Roskill

204 Richardson Rd:
Features: 840m² corner site, 505m² floor area, 4 shops + ASB atm at busy intersection, telecommunications lease to Vodafone
Rent: $120,717/year
Outcome: passed in at $2 million
Agents: James Chan & Matt Lee

Onehunga

6B Henderson Place:
Features: 284m² office & warehouse with parking
Rent: $36,000/year + gst from established tenant
Outcome: sold for $490,000
Agents: Shane Snijder

St Lukes

55 Sainsbury Rd, unit 8:
Features: 120m² unit on 2 levels, parking, fully leased to boutique chocolate manufacturer
Rent: $35,000/year net + gst
Outcome: sold for $490,000
Agents: Leah La Hood & Kate Kirby

North-east

Albany

428 Albany Highway:
Features: 266m² floor area on 1550m² zoned residential 5, 15 parking spaces
Rent: $110,000/year net + gst from 12-year lease to Secret Garden childcare centre
Outcome: sold for $1.827 million at 6.02% yield
Agents: Shane Snijder & Tony Chaudhary

13 Beatrice Tinsley Crescent, unit 7:
Features: 171m² vacant industrial unit, high-stud warehousing
Outcome: sold for $416,000
Agents: James Kidd & Matt Mimmack

Belmont

148 Lake Rd:
Features: 178m², sports bar plus flat & small office upstairs
Rent: $45,000/year net
Outcome: passed in at $700,000 vendor bid
Agents: Brian Caldwell & Simon Aldridge

Devonport

2 Calliope Rd:
Features: 721m² site, vacant mixed-use villa, 3 bedrooms, study, decks, courtyard, retail area to the roadfront, possibility to increase to 5 bedrooms
Outcome: sold for $1.095 million
Agents: Michael Block

81 Stanley Point Rd, Flats 1 & 2:
Features: 1133m² waterfront development site, resource consent granted for 2 large luxury apartments
Rent: vacant
Outcome: no bid
Agents: Helen Michell & Scott Kirk

North-west

Henderson

344 Great North Rd:
Features: 158m² shop in retail strip
Rent: $60,000/year + gst from TAB tenancy
Outcome: sold for $900,000 at 6.66% yield
Agents: Matt Lee & James Chan

424 Great North Rd:
Features: 854m² corner site, 940m² floor area including 285m² mezzanine floor
Rent: $124,064/year from 6-year lease to Waitemata Backcare Beds
Outcome: sold for $1.295 million
Agents: Quinn Ngo & Owen Ding

27 Waipareira Avenue, unit E:
Features: 230m² warehouse & 116m² office & mezzanine, NZ Post as established tenant, IEP rating A+, 6 parking spaces
Rent: $35,000/year net + gst from lease renewed this month
Outcome: sold for $467,500
Agents: Mike Adams & Laurie Bell

South

East Tamaki

2 Bishop Browne Place, unit 7:
Features: 178m² showroom, retail or office unit in established business centre near Botany South Centre and next to Bishop Gate Centre
Rent: vacant
Outcome: passed in at $600,000 vendor bid
Agents: Katie Wu & John Bolton

357 East Tamaki Rd, lot 1:
Features: 1982m² site, titles in industrial subdivision to be issued May-June, full services will be available, one of 5 lots on auction list offered by subdivider East Tamaki LP (David Gaze), 2 other lots already sold
Outcome: sold for $865,000
Agents: John Bolton & Simon Andrews

357 East Tamaki Rd, lot 2:
Features: 1298m² site in subdivision
Outcome: sold for $700,000
Agents: John Bolton & Simon Andrews

357 East Tamaki Rd, lot 4:
Features: 4403m² site in subdivision
Outcome: withdrawn from auction
Agents: John Bolton & Simon Andrews

357 East Tamaki Rd, lot 5:
Features: 6507m² site in subdivision
Outcome: withdrawn from auction
Agents: John Bolton & Simon Andrews

357 East Tamaki Rd, lot 9:
Features: 2929m² site in subdivision
Outcome: sold for $900,000
Agents: John Bolton & Simon Andrews

Otara

7 Fair Mall:
Features: 612m² site, 545m²shop with 18m-wide frontage, potential to subdivide
Rent: $132,000/year net from established tenant
Outcome: passed in at $1.4 million vendor bid after no other bid
Agents: Tony Chaudhary & Amy Weng

Papakura

41 Elliot St, unit 6:
Features: 415m² floor area, pool operated by swim school, fitout owned by vendor
Rent: $71,000/year net
Outcome: sold for $650,000
Agents: Shane Snijder & John Bolton

Pokeno

68 Great South Rd:
Features: 837m² section on main road, 2 houses on it
Rent: $570/week gross rental
Outcome: sold for $735,000
Agents: Graeme Moore

Tuakau

14-18 George St:
Features: 706m² site, 3 retail tenants in 248m² building
Rent: $40,355/year
Outcome: sold for $560,000
Agent: Shane Snijder

Wiri

17F Hobill Avenue:
Features: 209m² warehouse, near new, high stud, tilt slab, clearspan
Rent: vacant
Outcome: passed in at $375,000 vendor bid
Agents: James Valintine & Simon Andrews

Attribution: Auction.

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4 apartments sell at Barfoot auction

4 apartments were sold under the hammer at Barfoot & Thompson’s auction yesterday, and another 5 were passed in.

CBD

Quay Park

Scene 3, 30 Beach Rd, unit 907:
Features: leasehold, fully furnished, one bedroom, secure parking space
Outcome: sold for $122,000
Agent: Casey Chen

Uptown

18 Scotia Place, unit 5G:
Features: furnished 2 bedrooms
Outcome: passed in at $330,000
Agents: Stephen & Leo Shin

Bianco off Queen, 8 White St, unit 8B:
Features: 54m², fully furnished 2 bedrooms, 20m² balcony
Outcome: passed in at $350,000, on market at $385,000
Agent: Annie Xu

Victoria Quarter

Hobson Gardens, 205 Hobson St, unit 5H:
Features: 140m², 3 bedrooms, 2 bathrooms, parking space
Outcome: passed in at $690,000
Agents: Stephen & Hanok Shin

Waterfront

The Quays, 99 Customs St West, unit 4H:
Features: leasehold, 2-bedroom penthouse, 2 large balconies, double garage
Outgoings: body corp levy $39,528/year, special levy $37,114, and Arrow Remediate Ltd has filed a claim against the body corporate
Outcome: no bid
Agents: Alex Allan & Rita Herceg

Isthmus east

Ellerslie

24B Arthur St:
Features: 3 bedrooms, terrace, double garage with internal access
Outcome: sold for $859,000
Agent: Jack Pecsy

Isthmus west

Freemans Bay

220 Victoria St West, unit 1H:
Features: 2 bedrooms, 2 balconies, 2 parking spaces
Outcome: sold for $870,000
Agents: Alex Allan & Rita Herceg

Grey Lynn

Quest Ponsonby, 70 Ponsonby Rd, unit 301:
Features: 191m², 2-3 bedrooms, penthouse, 2 ensuites & separate bathroom, central heating, 3 secure parking spaces
Outgoings: In 2013, rates were $3964/year including gst and body corp levy was $16,598/year
Outcome: passed in at $950,000
Agents: Aaron Cook & Alastair Brown

St Lukes

Silverfield Terraces, 3 Wagener Place, unit 40:
Features: 2 bedrooms, single carport
Outgoings: body corp levy $2124/year
Outcome: sold for $551,000
Agent: Livia Li

Attribution: Auction.

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