Archive | Takapuna

2 Westgate sales & 5 leases on Shore & K Rd

Bayleys North Shore agents completed 2 industrial unit sales at Westgate in November, and signed 5 leases on Karangahape Rd (pictured), Takapuna, and 3 in Rosedale.

Sales

North-west

Westgate

Northside Drive, lot 1, unit 1:
Features: 325m² industrial unit, 4 parking spaces
Outcome: sold in November for $895,000 + gst, at $2754/m² land & building
Agents: Matt Mimmack & Ashton Geissler

Northside Drive, lot 1, unit 2:
Features: 650m² industrial unit, 8 parking spaces
Outcome: sold in November for $1.92 million + gst, at $2954/m² land & building
Agents: Ashton Geissler & Matt Mimmack

Leases

CBD

K Rd

258-264 Karangahape Rd, level 1:
Features: 370m² retail area
Rent: leased in November for $48,000/year net + gst, premises rental $130/m²
Agents: Terry Kim

North-east

Rosedale

33 Apollo Drive, unit 3:
Features: 174m² office, 5 parking spaces
Rent: leased in November for $45,200/year net + gst, parking $20/space/week, net rent excluding parking $40,000/year, premises rental $230/m²       
Agents: Laurie Burt & Alex Strever

68 Paul Matthews Rd, unit D:
Features: 190m² industrial unit, 3 parking spaces
Rent: leased in December for $35,000/year net + gst, parking $5/space/week, net excluding parking $34,220/year, premises rental $150/m²  
Agents: Alex Strever

8 Piermark Drive, unit E:
Features: 224m² industrial unit
Rent: leased in November for $36,000/year net + gst, premises rental $161/m²
Agents: Laurie Burt & James Kidd

Takapuna

66 Anzac St, ground floor:
Features: 76m² retail, 2 parking spaces
Rent: leased in November for $27,780/year net + gst, parking $55/space/week, net excluding parking $22,060/year, premises rental $290/m²
Agent: Ildy Meixner

Attribution: Agency release.

Continue Reading

5 apartment sales include 2 in hotel leases

5 apartments were sold at Ray White City Apartments’ auction yesterday out of 9 listed. The sales included 2 of the 3 units in hotel leases.

CBD

Kitchener St

Metropolis, 1 Courthouse Lane, unit 1104:
Features: 48m² including balcony, furnished one bedroom
Outgoings: rates $1305/year including gst; body corp levy $4332/year
Income assessment: $580-600/week
Outcome: sold for $570,000
Agents: Damian Piggin & Daniel Horrobin

Learning Quarter

The Quadrant, 10 Waterloo Quadrant, unit 1215:
Features: 22m² furnished studio, balcony
Outgoings: rates $3686/year including gst (reduced to about $1500/year if removed from hotel pool); body corp levy $2704/year
Income assessment: about $1000/month current
Outcome: sold for $270,000
Agents: Damian Piggin & Daniel Horrobin

Lorne St

Lorne St Lofts, 4 Lorne St, unit 1B:
Features: 50m² studio
Outgoings: rates $1549/year including gst; body corp levy $10,372/year
Income assessment: $450-480/week
Outcome: passed in at $400,000
Agents: Mitch Agnew & Ryan Bridgman

Uptown

Nova en Scotia, 18 Scotia Place, unit 9C:
Features: 53m², 2 bedrooms, balcony
Outgoings: rates $1487/year including gst; body corp levy $4224/year
Income assessment: $450/week
Outcome: sold for $472,500
Agent: Bain Duigan

Isthmus west

Eden Terrace

The Mews, 8 Basque Rd, unit 20:
Features: 114m², 3 bedrooms, 2 bathrooms, 2 parking spaces
Outgoings: rates $1999/year including gst; body corp levy $4799/year
Income assessment: $900-980/week unfurnished, $950-1000/week furnished
Outcome: passed in at $1 million
Agent: Vladimir Kiselev

Kingsland

2 Western Springs Rd, unit 7:
Features: 81m², 2-bedroom corner apartment, flexi-room, 2 bathrooms, 2 parking spaces
Outgoings: rates $1674/year including gst; body corp levy $3476/year
Income assessment: $750-800/week
Outcome: no bid
Agents: Dusan Valenta & Adele Keane

North-east

Takapuna

Shoalhaven, 130 Anzac St, unit A201:
Features: 76m², 2 bedrooms, 2 bathrooms, 2 parking spaces
Outgoings: rates $1918/year including gst; body corp levy $5188/year
Income assessment: $600-650/week
Outcome: sold for $625,000
Agents: Liam Kyle & Gary Walker

Spencer on Byron, 9-17 Byron Avenue, unit 410:
Features: 30m² studio, hotel furniture; sold on “as is, where is” basis, buyer liable for $32,864 remediation levy including gst
Outgoings: rates $2736/year including gst; body corp levy $1936/year
Income assessment: under hotel lease
Outcome: sold for $150,000 + gst
Agents: James Mairs & Gillian Gibson

North-west

Henderson

Quest Henderson, 12 Wadier Place, unit 3A:
Features: 47m², one bedroom, parking space
Outgoings: rates $3201/year including gst; body corp levy $3918/year
Income assessment: $18,401/year + gst current, 10 years to run on hotel lease
Outcome: passed in after bid from vendor at $150,000 + gst
Agent: Ron Yang

Attribution: Auction.

Continue Reading

3 apartments sell at City Sales auction

3 of the 6 apartments auction at City Sales yesterday were sold under the hammer – a leasehold unit in Hudson Brown, a large unit in the Mews in Eden Terrace and one of 2 units on offer in the Spencer on Byron, Takapuna. One Spencer on Byron unit with a parking space was passed in, one without parking was sold.

CBD

Kitchener St

Metropolis, 1 Courthouse Lane, unit 1415:
Features: 35m², one bedroom
Outgoings: rates $1214/year including gst; body corp levy $4074/year
Outcome: passed in at $385,000
Agents: Tricia Carlson

Quay Park

Hudson Brown, 57 Mahuhu Crescent, unit 216:
Features: leasehold, 68m², 2 bedrooms, parking space
Outgoings: rates $1513/year including gst; body corp levy $9415/year including $5434 ground rent
Outcome: sold for $243,000
Agent: Tony Kelly

Isthmus west

Eden Terrace

The Mews, 8 Basque Rd, unit 17:
Features: 111m², 3 bedrooms, 2 bathrooms, deck, 2 parking spaces
Outgoings: rates $1986/year including gst; body corp levy $4858/year
Outcome: sold for $1.05 million
Agents: Tanya Rotherham

Grey Lynn

Mediterranee, 10 Crummer Rd, unit 1D:
Features: 46m², 2 bedrooms, patio, parking space
Outgoings: rates $1311/year including gst; body corp levy $3176/year
Income assessment: $520/week current
Outcome: passed in at $460,000
Agents: Nicola Hunt & Gabrielle Hoffmann

North-east

Takapuna

Spencer on Byron, 9-17 Byron Avenue, unit 1709:
Features: 29m² studio, deck, parking space
Outgoings: rates $1048/year including gst; body corp levy $2286/year + gst
Outcome: passed in at $240,000 + gst
Agents: Gabrielle Hoffmann & Nicola Hunt

Spencer on Byron, 9-17 Byron Avenue, unit 1802:
Features: 29m² studio, deck
Outgoings: rates $1009/year including gst; body corp levy $2115/year + gst
Outcome: sold for $220,000 + gst
Agents: Gabrielle Hoffmann & Nicola Hunt

Attribution: Auction.

Continue Reading

Sale & 5 leases

Bayleys agents have completed one Rosedale commercial sale & 5 leases, 4 on the Shore and the other in East Tamaki.

Sale

North-east

Rosedale

4 Antares Place, unit J:
Features: 85m² office, 4 parking spaces
Rent: $26,418.12/year net + gst  
Outcome: sold in November for $460,000 + gst at a 5.47% yield
Agents: Alex Strever & James Yu

Leases

North-east

Albany

210 Dairy Flat Highway, unit 6C:
Features: 90m² retail
Rent: leased in November for $37,000/year net + gst, premises rental $411/m²       
Agent: James Yu

Birkenhead

60-60 Mokoia Rd:
Features: 187m² retail
Rent: leased in October for $50,000/year net + gst, premises rental $267/m²
Agents: Michael Nees & Ildy Meixner

Smales Farm

68-76 Taharoto Rd, B:Hive, level 2, suite 207:
Features: 27m² office
Rent: leased in November for $39,900/year net + gst, premises rental $1478/m²      
Agent: Caroline McNaught

Takapuna

20 Northcroft St, level 1, suite 2:
Features: 27m² office, parking space
Rent: leased in November for $12,080/year net + gst, parking $40/space/week, net excluding parking $10,000/year, premises rental $370/m²
Agents: Caroline McNaught & Dean Gilbert-Smith

South

East Tamaki

8 Bishop Lenihan Place, unit H:
Features: 158m² retail, 7 parking spaces
Rent: leased in September for $37,000/year net + gst
Agents: Terry Kim, David Han & Amy Weng

Attribution: Agency release.

Continue Reading

Shore & Hobsonville leases signed

Colliers commercial agents on the North Shore have signed 3 leases in Takapuna, the Wairau Valley & Hobsonville.

Leases

North-east

Takapuna

72 Taharoto Rd, unit 212:
Features: Large floor plates, abundance of carparks
Rent: leased in October for $188,020/year net + gst
Outcome: Leased October
Agents: Janet Marshall and Jonty Lamb

Wairau Valley

21 Poland Rd, unit K:
Features: 163.8m² warehouse, 86.5m² office/showroom, 5.5m stud height
Rent: leased in October for $38,000/year net + gst
Agent: Sam Sherning

North-west

Hobsonville

6 Workspace Drive, unit 4:
Features: 46m², warehouse 159sqm with 4 carparks, new industrial building
Rent: leased in October for $41,500/year net + gst
Outcome: Leased October
Agents: Ryan de Zwart and Janet Marshall

Attribution: Agency release.

Continue Reading

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.

Continue Reading

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.

Continue Reading

6 sales & 5 leases

Bayleys agents on the Shore have sold 5 commercial properties outside the auctionroom, from Stanmore Bay on the Whangaparaoa Peninsula through to Kelston in the west, and have also leased 5 properties, all on the Shore.

One other sale listed below is a post-auction transaction in Mt Eden.

Sales

Isthmus west

Mt Eden

54 Mt Eden Rd:
Features: 400m² site zoned mixed use, in Grammar zone, 130m² villa, garage + 3 parking spaces
Outcome: passed in at $1.4 million, sold at that figure post-auction
Agents: Alan Haydock, Phil Haydock & Damien Bullick

North-east

Albany

6-8 Omega St, unit 8:
Features: 181m² office unit – office 165m², other area 16m², 5 parking spaces
Outcome: sold in October for $620,000 + gst
Agents: Alex Strever & Ildy Meixner

Stanmore Bay

676 Whangaparaoa Rd:
Features: 261m2 mixed-use 2-level building on a half share of 1104m2 site, . Ground floor copy centre tenant renewed in January for 3 years at $26,300/year net, 3-bedroom apartment above with sea views has a rental appraisal of $27,000/year
Outcome: sold for $830,000
Agents: Mustan Bagasra & Dylan Turner

Takapuna

Sentinel, 3-9 Northcroft St, unit R1:
Features: 85m² retail unit, 6 parking spaces
Rent: $31,750/year net + gst
Outcome: sold in October for $665,000/year net + gst at 4.8% yield
Agents: Terry Kim, David Han & Mustan Bagasra

Wairau Valley

18A Ashfield Rd:
Features: 120m² industrial unit, 2 parking spaces
Rent: $25,800/year net + gst       
Outcome: sold to NZ Longevity Foundation Ltd in October for $475,000 + gst at 5.43% yield, $3958/m² land & building
Agent: James Yu

North-west

Kelston

31 Cartwright Rd, unit B:
Features: 53m2 industrial unit, 4.7m stud warehouse, mezzanine office & storage, new roof, 3 parking spaces
Outcome: sold vacant for $350,000
Agent: Simon Davies

Leases

North-east

Browns Bay

14 Clyde Rd:
Features: 764m² retail property – retail 590m², office 174m², 6 parking spaces
Rent: leased in October for $180,000/year net + gst
Agents: Anna Radkevich & Ranjan Unka

Devonport

57-59 Victoria Rd, office 2:
Features: 12m² office
Rent: leased in October at $9000/year net + gst, premises rental $750/m²
Agents: Chris White

Rosedale

59 Apollo Drive, ground floor right, unit G1:
Features: 155m² office, 4 parking spaces
Rent: leased in July for $43,150/year net + gst, including parking at $20/space/week, net excluding parking $38,990/year, premises rental $252/m²       
Agents: Alex Strever & Laurie Burt

39 Arrenway Drive, unit B3:
Features: 203m² industrial unit
Rent: leased in October for $37,000/year net + gst, premises rental $182/m²
Agents: Laurie Burt

Wairau Valley

89 Ellice Rd, unit 4D:
Features: 125m² industrial unit, 2 parking spaces
Rent: leased in October for $32,000/year net + gst
Agents: Dean Gilbert-Smith, Adam Curtis & Adam Watton

Attribution: Agency releases.

Continue Reading

Statesman & Stanford apartments sell

2 of the 3 apartments auctioned at Ray White City Apartments yesterday were sold under the hammer – one in the Statesman (pictured) and the other in the Stanford, along with a Papatoetoe house sold at pre-auction.

CBD

Learning Quarter

Statesman, 1 Parliament St, unit 514:
Features: 30m² internal, furnished studio, balcony, storage locker
Outgoings: rates $1214/year including gst; body corp levy $2312/year
Income assessment: $390/week current, assessment $400-420/week furnished
Outcome: sold for $380,000
Agents: Michelle & Judi Yurak

Victoria Quarter

Stanford, 189 Hobson St, unit 3E:
Features: 37m², 2 bedrooms
Outgoings: rates $1110/year including gst; body corp levy $4238/year
Income assessment: $480/week, fixed until February
Outcome: no bid, back on the market at $349,000
Agents: Ron Yang

North-east

Takapuna

Spencer on Byron, 9-17 Byron Avenue, unit 507:
Features: 48m², one bedroom, sold on “as is, where is” basis – remediation cost recovery & further expense assigned to buyer
Outgoings: rates $3918/year including gst; body corp levy $2982/year
Income assessment: in hotel pool
Outcome: sold for $148,000 + gst
Agents: James Mairs & Gillian Gibson

Attribution: Auction.

Continue Reading

Unlock Avondale project gets go-ahead, Takapuna carpark decision deferred

Auckland Council’s planning committee approved the over-arching plan for regeneration of Avondale yesterday.

The Unlock Avondale high level project plan will be delivered by the city’s urban regeneration agency, Panuku Development Auckland.

Whau Local Board chair Tracy Mulholland said the plan built on work completed by the local board & community groups: “It will drive momentum for change in the area, with a focus on the town centre. The regeneration of Avondale will see current & future residents enjoying new open spaces and a purpose-built community facility, including a new library that will serve its needs.”

Ward councillor Ross Clow said the regeneration of Avondale was long overdue: “This plan is important to drive the development of quality residential neighbourhoods and to help meet Auckland’s growing demand for affordable homes. It will also address the issues arising from population growth in Avondale & the wider area.”

And Panuku chief operating officer David Rankin said a number of key moves would enable the vision for Avondale: “Panuku will work closely with the local board & community to implement a retail strategy that attracts new businesses, increasing diversity of products & services.
“The train station, upgraded bus network & new cycleways offer great transport options, and we will continue to strengthen connections between these activity hubs & the town.

“A focus for the regeneration of Avondale is working with developers to build quality residential neighbourhoods that offer a mix of housing types, including terraces & apartments. A number of significant developments are already underway in the area.”

Ockham Residential is due to complete the construction of 72 new one- to 3-bedroom apartments at 24-26 Racecourse Parade in March 2018. Through a partnership with the NZ Housing Foundation, 33 new homes are near completion on Trent St, including 21 affordable homes.

Takapuna carpark decision deferred

In other business yesterday, the council committee deferred its decision on a hearing panel recommendation to change the use of the carpark at 40 Anzac St, Takapuna, to one that enables a mix of uses.

The deferral is to allow Panuku to consult further with the Devonport-Takapuna Local Board on how this process can be progressed. It will report back to the planning committee by next March.

Attribution: Council release.

Continue Reading
WordPress Appliance - Powered by TurnKey Linux