Archive | Mairangi Bay

Dozen sales for JLL

JLL agents have sold 11 commercial properties around Auckland and one in Palmerston North.

CBD

Learning Quarter

44E Anzac Avenue:
Features: 168m² office floor with apartment conversion potential, 2 parking spaces
Rent: $35,280/year net
Outcome: sold for $580,000 at a 6% yield
Agent: Jason Armstrong

Isthmus east

Epsom

Knights Inn, 234 Green Lane West:
Features: 26-unit motel
Outcome: sold for $9.5 million
Buyer’s agents: Jason Armstrong & Jarred Hill

Isthmus west

Blockhouse Bay

552-554 Blockhouse Bay Rd:
Features: 2 shops of 50m² & 53m², leased to a hair salon & a Thai food takeaway
Rent: $44,240/year net + gst
Outcome: sold for $911,000 at a 4.85% yield
Agent: Kevin Reardon

Grey Lynn

27 Nixon St:
Features: 455m² 2-level building, residential over ground-floor warehouse
Outcome: sold vacant for $2.2 million
Agents: Jason Armstrong & Alex Wefers

30a Pollen St:
Features: 377m² industrial unit – 306m² ground-floor warehouse, 70m² office & amenities, 4 parking spaces
Rent: $68,000/year net + gst
Outcome: sold for $1.365 million at a 4.98% yield
Agents: Alex Wefers & Jarred Hill

60A Surrey Crescent:
Features: 147m² industrial unit, 4 parking spaces
Rent: $37,000/year net + gst
Outcome: sold for $728,000 at a 5.08% yield
Agents: Alex Wefers & Jarred Hill

Mt Albert

43a Linwood Avenue, unit 7:
Features: 260m² vacant warehouse unit, 6 parking spaces
Outcome: sold for $750,000 at a 5.2% yield on market rent
Agent: Alex Wefers

Mt Eden

45A Normanby Rd:
Features: 582m² industrial unit – 385m² warehouse, 197m² office & amenities, 10 parking spaces
Outcome: sold vacant for $2.058 million
Agent: Ben Jamieson

23 Edwin St, unit G02:
Features: 105m² office unit, 4 parking spaces, new 3-year lease
Rent: $50,000/year net + gst
Outcome: sold for $1.05 million at a 4.76% yield
Agent: Ben Jamieson

North-east

Mairangi Bay

17-19 Apollo Drive:
Features: vacant 13,008m² zoned general business
Outcome: sold on behalf of AUT, price confidential
Agents: Jason Armstrong & Dave Mayhew

41 Centorian Drive:
Features: 20,172m² of subdivisible residential land zoned mixed suburban, longtime home of medical publisher Adis International Ltd (more recently Springer Science+Business Media)
Outcome: sold, price confidential
Agents: Jason Armstrong & Dave Mayhew

South of the Bombays

Manawatu

Palmerston North

10-15 The Square:
Features: 1830m² of office & retail space
Outcome: sold, price confidential
Agent: Jason Armstrong

Attribution: Agency release.

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Wairau Valley sale, Apollo Drive lease

Colliers agents on the North Shore have sold a Wairau Valley office building (pictured) and leased a small unit on Apollo Drive.

North-east

Sale

Wairau Valley

66 Hillside Rd:

Features: 809m² site, 587² net lettable area, air-conditioned office building, workshop with roller door access, separate rental stream from Vodafone licence
Outcome: sold vacant for $1.92 million on 25 October
Agents: Janet Marshall & Mike Ryan

Lease

Mairangi Bay

39-43 Apollo Drive, unit 8:

Features: 136m² unit, 4 parking spaces
Rent: leased 25 October for $41,000/year net + gst        
Agents: Janet Marshall & Nick Recordon

Attribution: Agency release.

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Whangaparaoa retail units sell

2 retail spaces in a commercial centre opened on the Whangaparaoa Peninsula late last year, were sold under the hammer at auction at Colliers’ Takapuna office on Wednesday.

A Mairangi Bay office was also sold, but a shop in the Grange, on the southern edge of Warkworth, was passed in.

North-east

Mairangi Bay

18 Triton Drive, unit H3:
Features: 238m² first-floor office, 4-year lease
Rent: $65,280/year net + gst        
Outcome: sold for $985,000 at a 6.62% yield
Agents: Janet Marshall & Nick Recordon

Warkworth

The Grange, 67 Auckland Rd, unit 22:
Features: 373m² of retail space in the Grange retail precinct, Cross Gate Discount Store on 6-year lease
Rent: $86,700/year net + gst
Outcome: passed in
Agents: Euan Stratton & Sean Honeycombe

Whangaparaoa

651 Whangaparaoa Rd, unit 2:
Features: 128m² of new retail space, 35m² of outdoor dining, occupied by Valentino’s Gelato Café,10-year lease
Rent: $68,155/year net + gst        
Outcome: sold for $1.41 million at a 4.83% yield
Agents: Euan Stratton & Jessica Martin

651 Whangaparaoa Rd, unit 3:
Features: 50m² of retail space occupied by Hello World Travel on an 8-year lease
Rent: $27,500/year net + gst        
Outcome: sold for $580,000 at a 4.74% yield
Agents: Euan Stratton & Jessica Martin

Image: The development at 651 Whangaparaoa Rd, in foreground.

Attribution: Agency release.

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Mairangi Bay unit sells

One suburban unit sold at Bayleys’ auction in Takapuna on Thursday.

North-east

Mairangi Bay

7A Brighton Terrace, unit 1:
Features: 2-bedroom end unit, study nook, garage
Outcome: sold for $875,000
Agents: Peter Christofferson & Stephanie Glennie

Attribution: Agency release.

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Mairangi Bay townhouse sells at auction

A brick & tile unit in One Tree Hill and a Mairangi Bay townhouse were sold at Bayleys auctions around Auckland last week.

Isthmus east

One Tree Hill

18 Tawhiri Rd, unit 4:
Features: 3-bedroom unit, carport
Outcome: passed in, back on market at $887,000
Agent: Ruth Inwood

North-east

Mairangi Bay

16A Hastings Rd:
Features: 2-bedroom townhouse, internal-access garage
Outcome: sold for $890,000
Agents: Tara Menzies & Malcolm Low

Attribution: Agency release.

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3 industrial sales & 2 leases

Colliers agents have completed the sale of 2 industrial properties & one trade retail site in East Tamaki & Mt Wellington, and signed 2 leases on the Shore.

Sales

Isthmus east

Mt Wellington

3 Donnor Place:
Features: 2749m² industrial property
Outcome: sold for $4.3 million + gst at a 5.52% yield
Agents: Hamish West & Paul Higgins

South

East Tamaki

24A Harris Rd:
Features: 595m² trade retail site
Outcome: sold for $1.85 million + gst at a 5.99% yield
Agents: Jolyon Thomson & Paul Higgins

39D Lady Ruby Drive:
Features: 530m² industrial unit
Outcome: sold for $1.41 million + gst
Agents: Jolyon Thomson & Andrew Hooper

Leases

North-east

Mairangi Bay

5 Saturn Place, unit E:
Features: 140m² warehouse, 116m² office, occupied by Perry Engineering Auckland Ltd on 5-year lease plus 2 3-year rights of renewal
Rent: $40,000/year net
Agents: Mike Ryan & Ryan de Zwart

Rosedale

29 Canaveral Drive:
Features: 923m² industrial property, 5-year lease plus 2 3-year rights of renewal
Rent: $150,000/year net
Agents: Jimmy O’Brien, Matt Prentice & Shoneet Chand

Attribution: Agency release.

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Decade-old warehouse sells just below 5%

A 10-year-old Mairangi Bay office & warehouse unit was sold at a yield just under 5% at Colliers’ auction yesterday. A second warehouse, in Mt Wellington, was passed in.

Isthmus east

Mt Wellington

3 Donnor Place:
Features: 2749m² site, 1600m² building – 1155m² warehouse, 3 roller doors, clearspan concrete construction, 7m stud, 445m² office & showroom on 2 levels, 18 staff parking spaces
Rent: $237,467/year net + gst, 6-year lease
Outcome: passed in
Agents: Hamish West & Paul Higgins

North-east

Mairangi Bay

52 Arrenway Drive, unit A:
Features: 837m² office & warehouse
Rent: $150,295/year net + gst
Outcome: sold for $3.03 million at a 4.96% yield
Agents: Matt Prentice, Mike Ryan & Shoneet Chand

Attribution: Auction documents.

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Sale & 4 leases for Shore agents

Bayleys agents on the North Shore have sold a unit in Rosedale Mews and signed 3 leases in Mairangi Bay & Rosedale, plus the lease on a 4m² retail unit in Queens Court, across the road from the Auckland Town Hall.

Sales:

North-east

Rosedale

Rosedale Mews, 51 William Pickering Drive, unit 12:
Features: 180m² unit on the corner of Rosedale Rd – retail 60m², office 60m², warehouse 60m²
Rent: $14,000/year net
Outcome: sold in November for $700,000 + gst at $3889/m²
Agents: Michael Nees, Adam Watton, Adam Curtis, Simon Aldridge & David Huang

Leases:

CBD

Queen St

368 Queen St, unit G43:
Features: 4m² retail unit
Rent: leased in November for $2303/year net + gst, premises rental $575.75/m², gross rent $7800/year + gst
Agent: Steven Liu

North-east

Mairangi Bay

14 Vega Place, unit F:
Features: 534m² unit – office 178m², warehouse 356m², 10 parking spaces
Rent: leased in November for $80,000/year net + gst, premises rental given as $149.81/m², so free parking
Agents: Ashton Geisler & Laurie Burt

Rosedale

33 Apollo Drive, unit 3:
Features: 174m² office unit, 5 parking spaces
Rent: leased in November for $46,960/year net + gst, parking $20/space/week, net excluding parking $41,760/year, premises rental $240/m²
Agents: Ryan Dannhauser & Alex Strever

96 Rosedale Rd, unit 20:
Features: 90m² retail unit, shared parking
Rent: leased in November for $43,000/year net + gst at $410/m²
Agent: Eddie Zhong

Attribution: Agency release.

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Birdwood & Paritai apartment blocks sell under hammer

A block of 9 apartments (pictured) in a 4-level building on Birdwood Crescent, Parnell, was sold for $6.75 million at Bayleys’ auction last Thursday.

The property has further development potential under the new unitary plan, including basement apartments & 2 extra levels on top.

Another multi-unit property, on Paritai Drive, also topped the $6 million mark at the auction in Bayleys’ Remuera office.

Units in Mairangi Bay & Mt Wellington also sold at Bayleys branch office auctions.

Isthmus east

Meadowbank

21 Houghton St, unit 4:
Features: 2-bedroom end unit, garage
Outcome: passed in, back on market at $699,000
Agents: Dianne Nichol & Steve Gill

Mt Wellington

68 Banks Rd, unit 1:
Features: cross-lease, quarter share in 1219m², 90m² 2-bedroom unit, carport
Outcome: sold for $560,000
Agent: Reinka Ratti

Orakei

146 Paritai Drive:
Features: 4 one-bedroom 1960s apartments and a 2002 4-bedroom family residence with a separate living area, long-term tenants, 12 parking spaces
Income assessment: gross rent about $180,000/year
Outcome: sold for $6.15 million
Agents: Robert Ashton (Bayleys) & Mike Zelcer (Ray White)

Parnell

3 Birdwood Crescent:
Features: 701m² site, floorspace 796m² internal + 66m² of decks, 4-level apartment building constructed in 1968, 9 apartments – 6 of 2 bedrooms, 3 of one bedroom, basement storage & laundry, 13 parking spaces, zoned terrace housing & apartment building under the new unitary plan, allowing for 3 new apartments at basement level and the potential to add 2 floors
Outgoings: rates $15,111/year including gst
Income assessment: current gross rent $199,627/year, assessment $262,860/year gross
Outcome: sold for $6.75 million
Agent: Gary Wallace

North-east

Mairangi Bay

5 Hastings Rd, unit 1:
Features: 2-bedroom unit, work-from-home options
Outcome: sold for $807,500
Agent: Tara Menzies

Attribution: Agency release.

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2 office sales & 4 leases on Shore

Colliers agents on the North Shore have sold 2 office buildings in Mairangi Bay & Rosedale and signed 4 leases, 3 in Mairangi Bay and one in the Wairau Valley.

North-east

Sales

Mairangi Bay

7C Antares Place:
Features: 473m², vacant office
Outcome: sold for $1.7 million
Agents: 
Ryan de Zwart, Janet Marshall & Nick Recordon

Rosedale

27-29 William Pickering Drive, unit E1:
Features: 
98m², vacant office
Outcome: 
sold for $362,500
Agents: 
Mike Ryan & Janet Marshall

Leases

Mairangi Bay

56 Apollo Drive, unit 8:
Features: 
90m², retail
Rent: $47,000/year net + gst
Agents: 
Euan Stratton, Ellie Martin & Nilesh Patel

7C Triton Drive:
Features: 153m² trade retail
Rent: $54,000/year net + gst
Agents:
 Ryan de Zwart & Matt Prentice

14J Vega Place:
Features: 
547m² industrial unit
Rent: $88,000/year net + gst
Agents:
 Ryan de Zwart & Janet Marshall

Wairau Valley

23-25B Porana Rd, unit A:
Features: 
warehouse 1673m², office 177m²
Rent: $240,000/year net + gst
Agents: 
Euan Stratton & Matt Prentice

Attribution: Agency release.

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