Archive | Takapuna

3 Shore lease contracts

Bayleys commercial agents on the North Shore have signed 3 lease contracts in the last week in Devonport, Rosedale & Takapuna.

Leases

North-east

Devonport

10 Victoria Rd, shop 5:
Features: 53m² shop
Rent: leased in October for $25,000/year net + gst, premises rental $472/m²
Agents: Dev Choudhury & Adam Curtis

Rosedale

18 Airborne Rd:
Features: 50m² retail unit, parking space
Rent: leased in October for $10,000/year net + gst
Agents: Dev Choudhury & Steven Liu

Takapuna

68-76 Taharoto Rd, ground floor, tenancy A1:
Features: 595.21m² office, 20 parking spaces
Rent: leased in October for $270,203.50/year net + gst; parking 9 spaces at $65/space/week, 11 spaces at $55/space/week; rental excluding parking $208,323.50, premises rental $350/m²
Agent: Dean Gilbert-Smith

Attribution: Agency release.

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3 B-hive suites & 4 Rosedale units leased

Bayleys agents have leased 3 offices & an industrial unit around Rosedale on the North Shore, and 3 office suites in the B-hive at Smales Farm (pictured), where leasing & spaces are flexible.

Leases

North-east

Rosedale

100 Bush Rd, building E:
Features: 27m² office, parking space
Rent: leased in October for $13,000/year net + gst
Agent: Caroline McNaught

12 John Glenn Avenue, unit B:
Features: 545m² industrial unit – warehouse 412m², showroom 71m², office 62m², 7 parking spaces
Rent: leased in October for $88,000/year net + gst
Agent: Laurie Burt

4 Ride Way, unit A:
Features: 362m² office unit – warehouse 107.2m², office 234m², mezzanine 21.2m², 6 parking spaces
Rent: leased in October for $64,000/year net + gst
Agents: Caroline McNaught, James Kidd & Laurie Burt

15-17 William Pickering Drive, part unit A:
Features: 228m² office, 3 parking spaces
Rent: leased in September for $60,480/year net + gst, parking $15/space/week, rental excluding parking $58,140/year, premises rental $255/m²
Agents: Tonia Robertson & Laurie Burt

Smales Farm

B-hive, 68-76 Taharoto Rd, level 4, suite 403:
Features: 90m² office suite
Rent: office leased in October for $181,372/m² + gst (B-hive leases are flexible)
Agent: Dean Gilbert-Smith

B-hive, 68-76 Taharoto Rd, level 4, suite 405:
Features: 162m² office suite
Rent: office leased in October for $319,097/m² + gst (B-hive leases are flexible)
Agent: Dean Gilbert-Smith

B-hive, 68-76 Taharoto Rd, level 4, suite 416:
Rent: office leased in October for $165,005/m² + gst (B-hive leases are flexible)
Agent: Dean Gilbert-Smith

Attribution: Agency release.

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2 leases in Rosedale & Takapuna

Bayleys agents on the North Shore have leased a Rosedale industrial & office unit and an office suite in Takapuna.

Leases

North-east

Rosedale

11 Piermark Drive, unit L:
Features: 252m² industrial & office unit – office 193.4m², warehouse 59.1m², 5 parking spaces
Rent: leased in September for $53,840/year net + gst
Agent: Laurie Burt

Takapuna

20 Northcroft St, suite 1:
Features: 65m² office, parking space
Rent: leased in September for $18,340/year net + gst, parking $45/space/week, rent excluding parking $16,000/year, premises rental $246/m²
Agents: Ian Waddams & Caroline McNaught

Earlier story:
23 September 2018: Updated: Sub-5% on 3 properties sold at Bayleys commercial auctions, one further sale in September

Attribution: Agency release.

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3 apartments sell at auction

3 apartments were sold under the hammer at Ray White City Apartments’ auction today, including one at the pre-auction offer price. 4 others were passed in.

CBD

Learning Quarter

MetroCity, 82 Wakefield St, unit 1E:
Features: 38m², one bedroom, storage locker
Outgoings: rates $1149/year including gst; body corp levy $4758/year
Income assessment: $450-470/week furnished
Outcome: sold for $275,000
Agents: May Ma & Mark Li

Columbia, 15 Whitaker Place, unit 9D:
Features: 42m², fully furnished 3 bedrooms
Outgoings: rates $1013/year including gst; body corp levy $6046/year
Income assessment: $570-590/week – out of Iota Management Ltd pool
Outcome: passed in at $246,000
Agents: Mitch Agnew & Ryan Bridgman

Queen St

QVB Farmers, 6 Victoria St East, unit 6D:
Features: 120m², 3-level 3-bedroom loft, 5m-high ceilings, 2 staircases to mezzanine & loft bedrooms, downstairs bedroom & bathroom
Outgoings: rates $2369/year including gst; body corp levy $8146/year
Outcome: no bid
Agent: Ann Bennett

Victoria Quarter

Zest, 72 Nelson St, unit 401: 48m², 2-bedroom corner unit, 2 bathrooms
Outgoings: rates $1168/year including gst; body corp levy $4348/year
Outcome: sold for pre-auction offer of $380,000
Agent: Victor Liu

Isthmus west

Grey Lynn

23A Pollen St, unit 301:
Features: 68m² internal, 9m² balcony, 2 bedrooms, parking space
Outgoings: rates $1960/year including gst; body corp levy $4706/year
Outcome: passed in at $910,000
Agent: Adam Gurr

North-east

Takapuna

Prestige on Pupuke, 73 Anzac St, unit 16:
Features: 154m², 3 bedrooms, 2 bathrooms, study, 2 parking spaces, storage locker
Outgoings: rates $3285/year including gst; body corp levy $7595/year
Outcome: passed in at $1.205 million
Agents: Mitch Agnew & Ryan Bridgman

Spencer on Byron, 9-17 Byron Avenue, unit 1208:
Features: 48m², one bedroom, parking space
Outgoings: rates $5618/year including gst; body corp levy $3501/year
Income assessment: under hotel management
Outcome: sold for $377,000
Agents: Gillian Gibson & James Mairs

Attribution: Auction.

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All 4 commercial properties sell at 2 Colliers auctions

Colliers has sold 4 commercial properties at auction in East Tamaki, Onehunga & Takapuna in the last 2 days.

The East Tamaki warehouse was sold at a sub-4% yield, and the other 3 all had complicated stories to tell.

The Onehunga Mall property (outlined in picture above looking towards the Manukau Harbour) – 2 adjoining buildings with some retail frontage on a side street – has upstairs vacancy and was offered as a prospect for refurbishment or redevelopment.

In Takapuna, the 2 properties on Barrys Point Rd & one on Bracken Avenue were put forward with earnings potential double the present income.

The East Tamaki auction on Tuesday attracted strong bidding. All 3 auctions yesterday were protracted, with multiple bidders but pressure on the vendor to reduce the reserve.

Isthmus east

Onehunga

134-136 Onehunga Mall:
Features: 412m² site, 666m², 2 commercial buildings, both 2-level mixed use, 2 parking spaces, 100m from station, council carpark across sidestreet; neighbouring properties have first-floor apartments
Rent: passing income $87,689/year + gst – under-rented + vacancy
Outcome: sold for $1.46 million + gst at a 6% yield
Agents: Gawan Bakshi & Ned Gow

North-east

Takapuna

42 & 44 Barrys Point Rd:
Features: combined 1159m² site zoned business mixed use, 18m building height limit, adjoining standalone buildings; No 42, 825m² site, 155m² ground floor retail, 33m² basement, 12 parking spaces; No 44, 333m² site, ground floor retail 163m², lower level workroom 77m², lower level storage 77m², 6 parking spaces
Rent: No 42, $54,522/year + gst + opex, based on 182m² lettable building area, including $25/space/week ($5200/year including gst) for 4 parking spaces; No 44, sold vacant, projected rent $55-60,000/year net + gst + opex based on 317m² lettable area
Outcome: sold for $2.77 million + gst
Agents: Ryan de Zwart, Matt Prentice & Shoneet Chand

25 Bracken Avenue:
Features: 828m² site on corner of Burns Avenue zoned residential – terrace house & apartment, 110m² lettable area (house & one-bedroom flat), house converted for use as a GP medical clinic but vacant, 16 (possible 25) parking spaces
Rent: holding income $52,631/year net holding income (plus gst on $33,391 from parking; flat $19,240/year net)
Potential income: holding income $52,631/year, $35,000/year + gst premises rent at $350/m², additional parking 3 spaces at $200/month, 6 spaces at $120/month including gst (total $15,840 – $13,774 + gst); total $101,405/year + applicable gst
Outcome: sold for $2.7 million + gst, putting yield on potential income at 3.76%
Agents: Euan Stratton & Matt Prentice

South

East Tamaki

23-25 Highbrook Drive:
Features: 3923m² site, 2072m² floor area, 3 warehouse & office tenancies, tilt slab building constructed in 2004, 8m warehouse stud
Rent: $248,350/year net + gst
Outcome: sold for $6.3 million + gst, at a 3.94% yield
Agents: Jolyon Thomson, Joshua Franklin & Greg Goldfinch

Attribution: Auctions & agency release.

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2 sales & 8 leases for Shore agents

Bayleys North Shore agents have sold a development site & a new shop in Albany and leased 7 industrial & office units around the Shore plus one in Penrose.

Sales

North-east

Albany

1 William Laurie Place:
Features: 2341m² of vacant business development land
Outcome: sold in September for $2.2 million + gst at $940/m²
Agent: Owen Ding

25 Don McKinnon Drive, unit B3:
Features: 41m² shop built this year, one exclusive parking space + shared
Outcome: sold in September with vacant possession for $591,250 + gst
Agent: Eddie Zhong

Leases

Isthmus east

Penrose

531 Great South Rd, rear warehouse, tenancy 8:
Features: 550m² industrial unit
Rent: leased in September for $66,000/year net + gst, premises rental $120/m²
Agent: Brian Caldwell

North-east

Rosedale

13 Lovell Court, unit B3:
Features: 100m² office unit, 2 parking spaces
Rent: leased in September for $16,000/year net + gst
Agent: Ian Waddams

20 Parkway Drive, unit C:
Features: 172m² industrial unit – warehouse 91m², office 51m², mezzanine 30m², 2 parking spaces
Rent: leased in September for $28,000/year net + gst
Agents: Trevor Duffin & James Kidd

7 Vega Place, unit C:
Features: 114m² industrial unit – warehouse 67m², office 47m², 2 parking spaces
Rent: leased in September for $21,000/year net + gst
Agent: Laurie Burt

Takapuna

41 Taharoto Rd, tenancy E:
Features: 20.6m² office
Rent: leased in September for $7000/year net + gst, premises rental $340/m²
Agent: Caroline McNaught

Wairau Valley

89 Ellice Rd, unit 4B:
Features: 125m² industrial unit, 2 parking spaces
Rent: leased in September for $29,000/year net + gst
Agents: Adam Watton & Adam Curtis

77 Porana Rd, unit 18:
Features: 209.44m² industrial unit – warehouse 137.11m², office 72.33m², 3 parking spaces
Rent: leased in September for $32,000/year net + gst
Agent: Trevor Duffin

128 Sunnybrae Rd:
Features: 404m² industrial unit- warehouse 263m², office 141m², 10 parking spaces
Rent: leased in September for $51,000/year net + gst
Agent: Anna Radkevich

Attribution: Agency release.

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Highgate business park site at Silverdale sells

Published 2 September 2018
A half-hectare lot in the Highgate Business Park at Silverdale has been sold by Bayleys agents for $500/m², one of 2 sales & 3 leases in the agency’s latest report for August.

The newly developed business park lies between Wainui Rd & the Northern Motorway, beside the new Millwater residential subdivision.

A house converted to office on the fringe of Takapuna’s central business area has been sold, and industrial units in Browns Bay & Rosedale plus an office unit in Albany have been leased.

North-east

Sales

Silverdale

Highgate Business Park, lot 11:
Features: 5246m² of land zoned light industrial, fully serviced
Outcome: sold for $2.623 million + gst at $500/m²
Agents: Matt Mimmack & Rosemary Wakeman

Takapuna

3A Burns Avenue:
Features: 727m² site on fringe of Takapuna’s central business area, 110m² office in converted house, 4 parking spaces
Outcome: sold vacant for $2.9 million + gst
Agents: Damian Stephen, Alex Strever, Michael Nees & Bayleys Residential

Leases

Albany

9G Lovell Court:
Features: 60m² ground-floor office, 2 parking spaces
Rent: $16,000/year net + gst, parking $20/space/week, rental excluding parking $13,920, premises rental $232/m²
Agents: David Han & Ian Waddams

Browns Bay

751 Beach Rd, unit C & D:
Features: 190m² refurbished industrial unit divided into 2 separate workspaces – office 25m², yard 165m², 3 parking spaces
Rent: $34,000/year net + gst
Agents: Chris White & Trevor Duffin

Rosedale

9 Tait Place, unit A2:
Features: 108m² air-conditioned warehouse unit, high stud, automatic roller doors, private meeting room, 2 parking spaces
Rent: $28,000/year net + gst
Agents: Terry Kim & Ian Waddams

Attribution: Agency release.

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Council sees survey results as mandate and continues with central Takapuna revitalisation plans

Auckland Council & its development arm, Panuku Development Auckland, proclaimed support on Wednesday from 2 surveys on their Takapuna town square plans, and will continue with design work in collaboration with the Devonport-Takapuna Local Board.

Panuku will seek expressions of interest from development partners to work with on delivering the vision for the project.

In a related project, construction will start in October on a 5-storey 420-space parking building on the gasometer site fronting Huron, Northcroft & Auburn Sts, 200m from the existing ground-level 250-space parking lot at 40 Anzac St whose proposed replacement has raised many North Shore hackles.

The new parking building will have electric car- & bike-charging stations, bike storage, motorbike parking, accessibility parking & “end of trip” facilities, including changing rooms.

The council said support for a new town square & revitalisation on the 40 Anzac St carpark had come through public consultation & an independent representative survey conducted by Colmar Brunton.

In the council-run consultation, 55% of the 5385 people who responded were in support. In the survey, 69% of the 563 respondents preferred one of the 2 development proposals.

Earlier community engagement identified the 2 preferred sites for the town square. One between Hurstmere & Lake Rds was preferred by 46% in the consultation and 40% in the independent survey.

The council’s planning committee & the local board were briefed on the results of the consultation at a workshop on Wednesday.

The Panuku project for a town square has initial designs showing a mix of residential, commercial & public space, with activated laneways linking it to Hurstmere Rd. Panuku has proposed that 40 Anzac St be developed to include a town square, shops, businesses & homes.

Auckland Council’s development committee approved the broad plan to revitalise central Takapuna in March 2016.

On 6 March, the council’s planning committee granted a change of use for 40 Anzac St, subject to the conditions set by the hearings panel.

Earlier stories:
7 March 2018: Panmure & Takapuna carpark Unlock projects approved
8 November 2017: Unlock Avondale project gets go-ahead, Takapuna carpark decision deferred
9 December 2009: Weipers confident of starting Merge on gasometer site next year
22 July 2009: Slow journey to a centres parking strategy
2 June 2008: Location lodges consent application for gasometer site tower
15 May 2007: Takapuna strategic review bemoans residential influx, ignores fundamental cbd question
23 April 2007: Council agrees to 30-storey development on Takapuna gasometer site
21 August 2002: Update: Final gasometer site decision in 4 weeks

Attribution: Council release.

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Rosedale & Henderson properties sell, Takapuna retail passed in

A Rosedale industrial unit and a hardware outlet’s premises in Henderson were sold at NAI Harcourts’ auction today.

A Lake Rd property with 6 retail tenancies in the heart of Takapuna (outlined in photo) was passed in, with the yield at 4.8% on existing rent.

North-east

Rosedale

234D Bush Rd:
Features: 192m² industrial unit, 4 exclusive parking spaces
Rent: $36,240/year net + gst + outgoings, new 4-year lease in place + rights of renewal
Outcome: sold for $678,000 at a 5.3% yield
Agents: Marty van Barneveld & Mike Fotu

Takapuna

461-467 Lake Rd:
Features: 561m² site zoned metropolitan centre with 24.5m height limit, 450m² floor area, seismic rating 40% new building standard, rear service lane, 5 parking spaces
Rent: $133,422/year net + gst from 6 established tenants
Outcome: passed in at $2.775 million
Agents: Andrew Bruce & Rob Meister

North-west

Henderson

33A Bruce McLaren Rd:
Features: 130m² warehouse occupied by hardware retailer, new roof in 2017, 3 exclusive parking spaces
Rent: $25,000/year net + gst + outgoings
Outcome: sold for $431,000 at a 5.8% yield
Agents: Mike Fotu & Marty van Barneveld

Attribution: Auction.

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5 apartments sell at auction

All 5 apartments auctioned at Ray White City Apartments today were sold under the hammer – 2 in Zest (pictured) sold as one lot after being passed in separately.

One other unit, in the brand new Oasis at the top of Myers Park, was withdrawn from the auction but auctioneer Ted Ingram indicated it would be sold within 24 hours.

CBD

Kitchener St

Metropolis, 1 Courthouse Lane, unit 1005:
Features: 43m², one bedroom
Outgoings: rates $1517/year including gst; body corp levy $5007/year
Outcome: highest bid of $484,500 has gone on contract
Agents: Mitch Agnew & Ryan Bridgman

Learning Quarter

Silo, 23 Emily Place, unit 8M:
Features: 35m² + 8m² balcony, one bedroom, 2 decks, secure covered parking space on separate title
Outgoings: rates $1304/year including gst, parking $155/year; body corp levy $5085/year, parking $829/year
Outcome: sold for $485,000
Agents: Mitch Agnew & Ryan Bridgman

Uptown

Oasis, 26 Poynton Terrace, unit 2A:
Features: 110m², 2 bedrooms, bathroom & ensuite with underfloor heating, air-conditioning, 2 enclosed balconies, secure covered parking space
Outgoings: body corp levy $4347/year
Outcome: withdrawn from auction “but will be sold within 24 hours,” said auctioneer Ted Ingram
Agents: Damian Piggin & Krister Samuel

Victoria Quarter

Zest, 72 Nelson St, units 913 & 1017:
Features: both 20m², furnished one bedroom
Outgoings, unit 913: rates $1033/year including gst; body corp levy $1856/year excluding water; unit 1017: rates $1304/year including gst; body corp levy $1906/year excluding water
Income assessments, unit 913: $300/week, fixed until 7 November; unit 1017: $300/week, fixed until 23 February
Outcome: unit 913 passed in at $215,000, unit 1017 passed in at $225,000, both then sold together for $450,000
Agents: Judi & Michelle Yurak

North-east

Takapuna

Spencer on Byron, 9-17 Byron Avenue, unit 1708:
Features: 48m², one bedroom, hotel furniture package, covered parking space
Outgoings: rates $5844/year including gst; body corp levy $3429/year
Income assessment: $/week in hotel lease
Outcome: sold for $390,000 + gst
Agents: Damian Piggin, James Mairs & Gillian Gibson

Attribution: Auction.

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