Archive | Takapuna

Sale & 4 leases on Shore

Bayleys commercial agents on the North Shore have sold a Takapuna unit used by a medical tenant and leased 4 properties.

North-east

Sale

Takapuna

2 Ngaio St, unit 1:
Features: 120m² mixed-use premises, tenant North Shore Chiropractic Ltd, 4 parking spaces
Rent: $39,000/year net + gst
Outcome: sold in May for $798,000 + gst at $6650/m², 4.89% yield
Agents: Adam Curtis & Adam Watton

Leases

Albany

18 Oteha Valley Rd Extension, unit A9:
Features: 64m² office, parking space
Rent: leased in June for $18,000/year net + gst, premises rental $281/m²
Agents: leased by Caroline McNaught, Laurie Burt & Jane McKee

Birkenhead

12 Birkenhead Avenue, shop 2:
Features: 175m² shop, parking space
Rent: leased in May for $50,000/year net + gst, premises rental $289/m²
Agents: Dev Choudhury & Michael Nees

Forrest Hill

1-11 Grenada Avenue, shop 6:
Features: 64m² shop
Rent: leased in May for $13,200/year net + gst, premises rental $206/m²
Agents: Dev Choudhury

Hauraki

332 Lake Rd:
Features: 342m² car yard – yard 302m², office 40m²
Rent: leased in June for $36,000/year net + gst, premises rental $105/m²
Agents: Dean Gilbert-Smith

Attribution: Agency release.

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4 apartments out of 6 sell at Ray White auction

4 of the 6 apartments auctioned at Ray White City Apartments today were sold, one of them moments after the auction had closed.

That unit was one of 2 on offer in the Century on Anzac (pictured), which is entering a remediation period. The other unit was passed in.

Units in the Victopia & Volt in the cbd, and Spencer on Byron in Takapuna were also sold.

CBD

Learning Quarter

Century on Anzac, 100 Anzac Avenue, unit 2H:
Features: 31m² studio
Outgoings: rates $942/year including gst; body corp levy $2686/year + remediation investigation levies of $6086
Income assessment: $360/week fixed until 24 November, appraisal $350-375/week
Outcome: passed in at $160,000, sold immediately after auction for $165,000
Agent: Krister Samuel

Century on Anzac, 100 Anzac Avenue, unit 7F:
Features: 38m², one bedroom
Outgoings: rates $1058/year including gst; body corp levy $3680/year
Income assessment: $400/week current
Outcome: passed in at $165,000
Agents: Dominic Worthington & Ady Huang

Uptown

Volt, 430 Queen St, unit 1111:
Features: 41m² including balcony, 2 bedrooms
Outgoings: rates $1214/year including gst; body corp levy $4458/year
Outcome: sold for $395,000
Agent: Victor Liu

Victoria Quarter

Aura, 53 Cook St, unit 304:
Features: 49m², 2 bedrooms
Outgoings: rates $1175/year including gst; body corp levy $4303/year
Income assessment: $530-560/week furnished
Outcome: passed in at $370,000
Agents: May Ma & Mark Li

Victopia, 135 Victoria St West, unit 2L:
Features: 38m², furnished one bedroom
Outgoings: rates $1071/year including gst; body corp levy $1456/year
Income assessment: $400/week, fixed until 22 October
Outcome: sold for $215,000
Agents: James Mairs & Gillian Gibson

North-east

Takapuna

Spencer on Byron, 9-17 Byron Avenue, unit 311:
Features: 59m², one bedroom, parking space; work on remediation has started
Outgoings: rates $1191/year including gst; body corp levy $3074/year
Outcome: sold for $330,000
Agents: James Mairs & Gillian Gibson

Attribution: Auction.

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5 sales & 6 leases

Bayleys agents have completed 5 sales on the North Shore, in Henderson and on Waiheke Island, and 6 leases in the Auckland cbd, Avondale and on the Shore.

Sales

Hauraki Gulf islands

Waiheke Island

171 Carsons Rd:
Features: 8.95ha of land
Outcome: sold in May for $2.85 million + gst
Agents: Ranjan Unka & Brian Caldwell

North-east

Birkenhead

27-33 Mokoia Rd, unit 4:
Features: 59m² retail unit occupied by cafe on new 2-year lease with 2 2-year rights of renewal sold for $502,000 at a 4.98% yield
Rent: $25,000/year net + gst
Outcome: sold for $502,000 at a 4.98% yield
Agents: Owen Ding, Oscar Kuang, Michael Nees

27-33 Mokoia Rd, unit 5:
Features: 59m² retail unit occupied by Kebab Serai, one of the Turkish takeaway’s 4 Auckland outlets, on a lease until April 2020, 2 5-year rights of renewal
Rent: $24,000/year net + gst
Outcome: sold for $500,000 at a 4.8% yield
Agents: Owen Ding, Oscar Kuang & Michael Nees

Takapuna

8-12 The Promenade:
Features: 817m² corner site zoned metropolitan centre, frontage to 3 cbd streets, 1672m² 2-level commercial building, anchored by 2 restaurants & gym, range of office tenancies on the upper level & 373m² of vacant space, 18 open-air, rooftop parking spaces; 10 leases have final expiries ranging from 2018-28 and all but 2 have demolition clauses
Rent: $415,091/year net + gst
Outcome: sold for $7.4 million at a 5.61% yield
Agent: Brian Caldwell

North-west

Henderson

9-11 Aetna Place:
Features: 8712m² site, 6495m² industrial premises – 5095m² warehouse, 8.9-10.35m stud, multiple roller doors & 1120m² canopy, office & amenities 280m²
Outcome: sold with vacant possession for $9 million
Agents: Sunil Bhana, James Valintine, Mike Houlker & Matt Mimmack

Leases

CBD

Victoria Quarter

118-122 Nelson St:
Features: 1344m² office, 18 parking spaces
Rent: leased in April for $346,522/year net + gst (based on an average over 10 years), parking $50/space/week, premises rental $223/m²
Agents: Tonia Robertson + Jean Paul Smit

Isthmus west

Avondale

419A Rosebank Rd:
Features: 1692.39m² industrial property – warehouse 1,509.19m², showroom 137.17m², office 46.03m², 15 parking spaces
Rent: leased in April for $202,868.85/year net + gst, premises rental $120/m²
Agents: Tonia Robertson & Mark Preston

North-east

Albany

287 Oteha Valley Rd, unit 5:
Features: 150m² retail, shared parking
Rent: leased in April for $85,000/year net + gst, premises rental $566/m²
Agents: Steven Liu, Matt Lee & Quinn Ngo

Birkenhead

80-94 Mokoia Rd, shop 1B, 2 & 3:
Features: 429.3m² shop, 7 parking spaces
Rent: leased in April for $129,932/year net + gst, parking $20-25/space/week, premises rental $303/m²
Agent: Ildy Meixner

Wairau Valley

7 Kaimahi Rd:
Features: 958m² industrial unit warehouse 708m², office 83m², mezzanine 167m², 8 parking spaces
Rent: leased in May for $115,000/year net + gst, premises rental $120/m²
Agents: Trevor Duffin & Eddie Zhong

16 Woodson Place, unit C:
Features: 638m² industrial unit – warehouse 506m², office 120m², other 12m², 11 parking spaces
Rent: leased in May for $83,090/year net + gst, premises rental $130/m²
Agent: Trevor Duffin

Attribution: Agency release.

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2 retail sales, 4 leases on Shore

Bayleys agents on the North Shore have completed 2 retail property sales in Devonport & Hauraki and 4 leases, including 2 on Taharoto Rd, Takapuna.

North-east

Sales

Devonport

69-71 Victoria Rd:
Features: 443m² retail – retail area 227m², office 109m², other area 107m², 4 parking spaces, tenants Brolly Sheets, Yarntons & Monsoon
Rent: $143,650/year net + gst
Outcome: sold in April for $2.15 million + gst at $5780/m², yield 6.68%
Agents: Adam Curtis & Adam Watton

Hauraki

Details of a Hauraki sale have been removed as confidential.

Leases

Albany

63 Corinthian Drive, level 1, unit 4:
Features: 78m² office, 2 parking spaces
Rent: leased in April for $30,000/year net + gst
Agent: Jane McKee

Rosedale

9-11 Lovell Court, unit Q:
Features: 136m² industrial unit – office 68m², warehouse 68m², 4 parking spaces
Rent: leased in April for $28,000/year net + gst
Agents: Zoran Popovich & Laurie Burt

Takapuna

39 Taharoto Rd, level 1, tenancy B & C:
Features: 189m² office, 5 parking spaces
Rent: leased in April for $60,080/year net + gst, parking $40/space/week, rental excluding parking $49,680, premises rental $262.85/m²
Agents: Dean Gilbert-Smith, Adam Watton & Adam Curtis

68-76 Taharoto Rd, level 2, suite 16:
Features: 90m² office,
Rent: leased in April for $137,403/year net + gst, premises rental $1526.70/m²
Agent: Dean Gilbert-Smith

Attribution: Agency release.

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8 sales & 11 leases from Silverdale to city to Westgate

Bayleys North Shore agents have notched up 8 sales & 11 leases of commercial property from Silverdale down to the inner city and across to Henderson & Westgate.

Sales

CBD

Learning Quarter

76 Anzac Avenue:
Features: 356m² site, 1097m² 3-storey office building, one parking space
Rent: $60,000 net + gst, plus $96,000 gross + gst
Outcome: sold 2 weeks ago for $5.3 million + gst at $4831/m², 2.94% yield
Agent: Tonia Robertson

North-east

Rosedale

60 Apollo Drive:
Features: 1729m² site, 1301m² industrial premises tenant Wallace Cotton Ltd
Rent: $228,210/year net + gst
Outcome: sold in March for $5.1 million + gst, at $3920/m², 4.47% yield
Agent: Matt Mimmack

15 Lovell Court, unit 12:
Features: 100m² office, 2 parking spaces
Rent: $28,600/year net + gst at $3350/m², 8.54% yield
Outcome: sold in April for $335,000 + gst
Agents: David Han & Annette Lum

Rothesay Bay

2-8 Montgomery Avenue:
Features: 316m² site, 190m² retail, 3 parking spaces
Rent: $70,000/year net + gst
Outcome: sold in March for $1.185 million + gst, at $3750/m², 5.9% yield, 3 weeks after being passed in at $1.1 million at auction
Agents: Brian Caldwell, Adam Curtis & Michael Nees

Wairau Valley

17 Ashfield Rd:
Features: 1017m² site, 692m² building, 5 industrial units on one title
Rent: $75,600/year net + gst
Outcome: passed in at March auction at $1.535 million, sold a week ago for $1.7 million at $2457/m², 4.45% yield
Agents: Trevor Duffin & Ranjan Unka

18 Link Drive, unit H:
Features: 462.09m² bulk retail unit – showroom 358.8m², mezzanine area 103.29m², 12 parking spaces
Outcome: sold in March with vacant possession for $1.4 million + gst, at $3030/m²
Agents: Trevor Duffin & Chris White

63 View Rd:
Features: 5885m² industrial site, 3093.8m² building – warehouse 2693.8m², office 400m², 15 parking spaces
Outcome: sold vacant for $6.6 million + gst, at $2133.30/m²
Agents: Tonia Robertson & Laurie Burt

North-west

Westgate

1 Kawakawa Place:
Features: 3,223m² site, 1858m² retail & childcare property, 40 parking spaces
Rent: $562,464/year net + gst
Outcome: sold in March for $9.375 million, at $2909/m², 6% yield
Agent: Brian Caldwell

Leases

North-east

Orewa

50 Centreway Drive, part level 1:
Features: 266.75m² office, 10 parking spaces; Auckland Council Orewa service centre & former council chamber building, council committee to decide on Tuesday whether it will be sold
Rent: leased in April for $66,687.50/year net + gst, premises rental $250/m²
Agents: Tonia Robertson & Mustan Bagasra

Rosedale

36 Arrenway Drive, unit B:
Features: 307m² industrial unit – warehouse 148m², showroom 79.5m², office 79.5m², 6 parking spaces
Rent: leased in March for $58,000/year net + gst, premises rental $189/m²
Agent: Laurie Burt

7 Douglas Alexander Parade, unit C:
Features: 298.7m² industrial unit – warehouse 121m², office 177.7m², 8 parking spaces
Rent: leased in March for $54,000/year net + gst, premises rental $181/m²
Agents: Caroline McNaught & Laurie Burt

2 Rothwell Avenue, unit F:
Features: 704m² industrial unit – warehouse 462.6m², office 241.4m², 10 parking spaces
Rent: leased in March for $105,000/year net + gst, premises rental $149/m²
Agents: James Kidd, Chris White & Laurie Burt

Part 15-17 William Pickering Drive:
Features: 836m² industrial & office unit – warehouse 638m², office 198m², 14 parking spaces
Rent: leased in March for $134,780/year net + gst, premises rental $161/m²
Agents: Laurie Burt & Tonia Robertson

Silverdale

30 Foundry Rd, unit 9:
Features: 590m² industrial unit – warehouse 419m², showroom 51m², office 89m², other area 31m², 8 parking spaces
Rent: leased in January for $105,000/year net + gst, premises rental $180/m²
Agent: Rosemary Wakeman

150 Foundry Rd, unit D2:
Features: 75m² office unit, 2 parking spaces
Rent: leased in March for $15,000/year net + gst, premises rental $200/m²
Agent: Rosemary Wakeman

Takapuna

15 Auburn St, unit 1A:
Features: 50m² office, parking space
Rent: leased in March for $18,000/year net + gst, premises rental $360/m²
Agent: Chris White

29 Northcroft St, part lower ground floor:
Features: 280.7m² office, 5 parking spaces
Rent: leased in March for $69,920/year net + gst, 2 parking spaces at $45/space/week each, 3 parking spaces at $35/space/week each
Agents: Jane McKee, Eddie Zhong & Dean Gilbert-Smith

Wairau Valley

101-111 Diana Drive, unit 17 (M):
Features: 970m² industrial unit – warehouse 690m², showroom 140m², office 140m²
Rent: leased in April for $165,000/year net + gst, premises rental $170/m²
Agent: Trevor Duffin

North-west

Henderson

42 Paramount Drive, units 6 & 7:
Features: 280m² retail unit
Rent: leased in March for $80,000/year net + gst, premises rental $286/m²
Agents: Terry Kim & David Han

Attribution: Agency release.

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Updated: Spencer apartment sold, SugarTree unit passed in

Quite how I managed this error I don’t know, seeing that I was standing in the auction room. My post on the Ray White City Apartments auction yesterday said a unit in the Spencer on Byron in Takauna was passed in: it was sold under the hammer.

A new Centro unit in the SugarTree apartments development at the top of Nelson St was passed in.

CBD

Victoria Quarter

SugarTree Centro, 145 Nelson St, unit 1114:
Features: 116m², 3 bedrooms, 2 bathrooms, parking space
Outgoings: rates to be assessed; body corp levy $6209/year
Outcome: passed in at $900,000
Agents: Dominic Worthington & Ady Huang

North-east

Takapuna

Spencer on Byron, 9-17 Byron Avenue, unit 1413:
Features: 48m², fully furnished one bedroom, parking space, remediation work about to start
Outgoings: rates $1282/year including gst; body corp levy $3354/year
Income assessment: $550/week
Outcome: sold for $460,000
Agents: James Mairs & Gillian Gibson

Attribution: Auction.

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2 sales & 7 leases on the Shore

Bayleys agents on the North Shore have completed 2 sales outside the auctionroom and signed 7 leases in the last month.

North-east

Sales

Rosedale

32 Constellation Drive, unit 1:

Features: 455m² retail & office, shared parking, occupied by Coffee Club & Meditation Tour Ltd
Rent: $134,829.96/year net + gst
Outcome: sold in February for $2.61 million + gst at a 5.16% yield, $5736/m²
Agents: Terry Kim & Ranjan Unka

Takapuna

2D Burns Avenue:
Features: 150m² office, 4 parking spaces
Outcome: sold vacant for $800,000 + gst at $5333/m²
Agents: Jane McKee, Dean Gilbert-Smith & Alex Strever

Leases

Albany

67 Corinthian Drive:
Features: 758m² office, 18 parking spaces
Rent: leased in March for $275,320/year net + gst, parking $35/space/week, premises rental $242,560/year at $320/m²
Agent: Dean Gilbert-Smith

3 Henry Rose Place, unit J:
Features: 298m² industrial unit – warehouse 168m², office 65m², showroom 65m², 7 parking spaces
Rent: leased in March for $45,000/year net + gst, premises rental $151/m²
Agents: Laurie Burt & Alex Strever

42 Tawa Drive, Building B, suite A:
Features: 81m² office, 3 parking spaces
Rent: leased in March for $25,270/year net + gst, parking $20/space/week, premises rental $22,150/year at $273/m²
Agents: Caroline McNaught & Dean Gilbert-Smith

Birkenhead

12 Birkenhead Avenue, shop 1:
Features: 92.6m² shop, parking space
Rent: leased in March for $28,960/year net + gst, parking $18.50/week, premises rental $28,000 at $302/m²
Agents: Michael Nees & Dev Choudhury

Browns Bay

731 Beach Rd, unit B:
Features: 55m² retail
Rent: leased in March for $18,000/yea net + gst, premises rental $327/m²
Agents: Adam Curtis & Dev Choudhury

Rosedale

100 Rosedale Rd, unit 1A:
Features: 110m² retail, 4 parking spaces
Rent: leased in February for $43,000/year net + gst, premises rental $40,001/year at $364/m²
Agent: Steven Liu

Wairau Valley

54 View Rd, F1 unit C:
Features: 59m² office, parking space
Rent: leased in March for $18,000/year net + gst, parking $20/week, premises rental $287/m²
Agents: David Han & Terry Kim

Attribution: Agency release.

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6 out of 6 auction result

Multiple bidders making multiple bids – combined with some meeting the market by vendors – turned Ray White City Apartments’ auction yesterday into a 6-sold-out-of-6 event.

It was in sharp contrast to many auctions in recent months, where bidders have held back – and no bid has been made on many properties auctioned – forcing vendors to reassess their position, either letting their property get passed in to be followed by a multi-offer process (akin to an immediate tender) or a new campaign, or in some cases lowering their expectations on auction day.

At Ray White’s auction yesterday, auctioneer Ted Ingram negotiated new asking prices on 4 of the 6 apartments during pauses in bidding, got 2 sales above that revised asking price, and got another 2 sales that were looking unlikely had he not disclosed figures that would bring an immediate result.

The auction opened with a flurry of bidding on a leasehold apartment at Q Central, at the top of Queen St, and also saw 25-plus bids on units in buildings with remedial issues.

CBD

Uptown

Q Central, 58 Liverpool St, unit 3A (pictured):
Features: leasehold, 69m², 2 bedrooms, deck, secure parking space
Outgoings: rates $1396/year including gst; opex $4496/year, ground rent $9106/year; no body corporate – management structure with opex & administrators
Income assessment: $540/week, rising to $590/week from 28 March & fixed to January 2019
Outcome: sold for $186,000
Agents: Dominic Worthington & Ady Huang

Volt, 430 Queen St, unit 924:
Features: 43m² including balcony, 2 bedrooms
Outgoings: rates $1253/year including gst; body corp levy $4085/year
Income assessment: $385/week current
Outcome: sold for $370,000
Agent: Victor Liu

Lapwood Spiral, 8 Scotia Place, unit 6F:
Features: 30m², one bedroom, future levies envisaged for remedial work
Outgoings: rates $1110/year including gst; body corp levy $3242/year
Income assessment: $330/week fixed until May, appraisal $440-460/week
Outcome: sold for $123,000
Agents: Mitch Agnew & Ryan Bridgman

Victoria Quarter

Altitude, 34 Kingston St, unit 8J:
Features: 40m², 2 bedrooms
Outgoings: rates $1149/year including gst; body corp levy $4285/year
Income assessment: $420/week, fixed until 20 April
Outcome: sold for $340,000
Agent: Damian Piggin

Heritage Tower, 22 Nelson St, unit 1113:
Features: 30m² furnished studio
Outgoings: rates $2357/year including gst; body corp levy $4923/year
Income assessment: $692/month – under hotel management
Outcome: sold for $230,000 + gst
Agent: Damian Piggin

North-east

Takapuna

Shoalhaven, 130 Anzac St, unit A201:
Features: 76m², 3 bedrooms, 2 bathrooms, tandem parking spaces, double storage unit
Outgoings: rates $1918/year including gst; body corp levy $5282/year, $5000 to be retained from sale proceeds to pay a special levy for seismic joint repair
Outcome: sold for $726,000
Agents: Susan Woods-Markwick & Liam Kyle

Attribution: Auction.

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8 commercial properties sell for total $11 million

8 commercial properties were sold for just under $11 million at Bayleys’ first Auckland Total Property auction of the year on Wednesday and a second auction session that day.

Another 3 properties were sold prior and 3 were withdrawn.

CBD

Victoria Quarter

137 Hobson St:
Features: 50m² ground-floor retail space under Imperial Gardens Apartments, 3 parking spaces
Rent: $76,630/year net + gst
Outcome: no bid
Agents: Nicolas Ching & James Chan

Hauraki Gulf islands – Waiheke

Ostend

23 Belgium St:
Features: 1619m² site zoned commercial 2 (Ostend village), block of 4 shops, 20 parking spaces
Rent: $94,000/year net + gst + opex from 4 leases
Outcome: sold for $1.86 million at Wednesday afternoon auction session (not in Total Property list)
Agents: Clive Lonergan & Lisa Hopewell

North

Kaitaia

32 Dominion Rd:
Features: 1190m² site, 230m² floor area, childcare centre on 2 5-year lease terms from October 2017
Rent: $48,000/year net + gst
Outcome: sold for $680,000
Agents: Shane Snijder & Steve McNally

North-east

Albany

Orchard Park, 21 Corinthian Drive, unit 7A:
Features: 87m² retail
Rent: $53,672/year net + gst + opex
Outcome: pre-auction offer of $1,073,440 was acceptable, but sold for $1.2 million
Agents: Eddie Zhong & Steven Liu

Orchard Park, 21 Corinthian Drive, unit 7B:
Features: 76m² shop
Rent: $45,000/year net + gst
Outcome: sold for $910,000
Agents: Eddie Zhong & Steven Liu

Rosedale

39 Apollo Drive, unit J:
Features: 130m² ground=floor office, 4 parking spaces
Rent: $36,677/year net + gst + outgoings
Outcome: sold prior, price confidential
Agents: Jane McKee & Tonia Robertson

Rothesay Bay

2-8 Montgomery Avenue:
Features: 316m² corner site, 190m² floor area, 2 tenancies, mixed-use residential development potential
Rent: $70,622/year net + gst + outgoings
Outcome: sole bid from vendor at $1.1 million, passed in
Agents: Brian Caldwell

Takapuna

452-456 Lake Rd:
Features: 369m² site, 187.4m² floor area, 8 parking spaces, anchor tenants Heartland Bank & Basu restaurant
Rent: $134,180/year net + gst + outgoings
Outcome: sole bid from vendor at $3.5 million, passed in
Agents: Tonia Robertson & Ranjan Unka

8-12 The Promenade:
Features: 817m² site, 1672.5m² retail & office building
Rent: $414,091/year net + gst
Outcome: sole bid from vendor at $6.5 million, passed in
Agents: Brian Caldwell

Wairau Valley

17 Ashfield Rd:
Features: 1017m² site, 692m² building, 5 industrial units on one title
Rent: $75,600/year net + gst
Outcome: passed in at $1.535 million
Agent: Trevor Duffin

25 Ashfield Rd, unit 7:
Features: 139m² industrial unit, 2 office levels, 2 parking spaces
Outcome: sold in February at pre-auction offer of $370,000
Agent: Trevor Duffin

North-west

New Lynn

11 Binstead Rd:
Features: 857m² site, 556m² building
Outcome: passed in at $1.675 million
Agents: Mike Adams & Phil Haydock

South

Beachlands

191 Jack Lachlan Drive:
Features: 9356m² development site zoned residential mixed housing suburban
Outcome: no bid
Agent: Dave Stanley

Mangere

22-28 Rosella Rd:
Features: 3277m² site, 793m² building
Outcome: sold for $2.013 million
Agents: Ben Bayley & Karl Price

54 Tidal Rd:
Features: 7315m² site, 3600m² building area, 5 tenants
Rent: $356,142/year net + gst
Outcome: no bid
Agents: Nick Bayley & Alex McNeil

Manukau Central

132 Cavendish Drive, unit A:
Features: 480m², leased to VTNZ until 2024, with renewals to 2030; units A, B & C have 32 parking spaces between them
Rent: $125,107.50/year net + gst
Outcome: sold for $2 million
Agents: Stuart Bode, Mike Bradshaw & Tony Chaudhary

132 Cavendish Drive, unit B:
Features: 340m², leased to Cooper Tyres until 2020, right of renewal to 2023
Rent:
Outcome: sold for $1.215 million
Agents: Stuart Bode, Mike Bradshaw & Tony Chaudhary

132 Cavendish Drive, unit C:
Features: 392m², leased to VTNZ until 2024, with renewals to 2030
Rent: $61,400/year net + gst
Outcome: sold for $1.101 million
Agents: Stuart Bode, Mike Bradshaw & Tony Chaudhary

132 Cavendish Drive, unit H:
Features: 282m² industrial unit
Rent: $46,500/year net + gst
Outcome: sold for $1.1 million
Agents: Stuart Bode, Mike Bradshaw & Tony Chaudhary

Papakura

5 Vernon St:
Features: 1012m² section zoned light industry, consent for 3 industrial units
Outcome: sole bid from vendor at $700,000, passed in
Agents: Dave Stanley & Piyush Kumar

Waiuku

30 Bowen St:
Features: 6660m² site in 6 titles, total floor area 765m² in various buildings, zoning allows up to 4 storeys
Rent: $96,720/year including gst
Outcome: auction postponed to 13 March
Agents: Virginia Zhou & Shane Snijder

Attribution: Auctions.

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Ramada complex units among Shore sales, B-Hive spaces among leases

6 commercial property sales by Barfoot & Thompson agents on the North Shore in February included 2 units in the new Ramada Hotel complex across the road from the Albany bus station.

2 of the 11 leases signed in February were in the new B-Hive at Smales Farm.

Sales

North-east

Albany

Ramada Hotel complex, 254 Cornerstone Drive, unit 5:
Features: 166m² tenanted unit
Outcome: sold for $1.7 million
Agent: Brian Paulin

Ramada Hotel complex, 254 Cornerstone Drive, unit 12:
Features: 120m² retail space
Outcome: sold vacant for $1.22 million

Beach Haven

318K Beach Haven Rd:
Features: 198m² tenanted industrial unit
Outcome: sold for $435,000
Agents: Paul Vermaak

Rosedale

4N Antares Place:
Features: 102m² office
Outcome: sold vacant for $535,000
Agent: Brian Paulin

13D Ride Way:
Features: 175m² tenanted industrial unit
Outcome: sold for $520,000
Agents: Paul Vermaak

12A Saturn Place:
Features: 185m² tenanted unit
Outcome: sold for $820,000
Agents: Nick Brown

South of the Bombays

Paeroa

1 Grey St:
Features: 15,859m² site, 2225m² industrial building
Outcome: sold tenanted for $1.1 million
Agents: Tom Taunt

Leases

North-east

Rosedale

5B Airborne Rd:
Features: 600m² industrial building
Rent: $87,000/year net + gst
Agents: Bruce Jiao & Gary Seekup

112D Bush Rd:
Features: 182m² office, 8 parking spaces
Rent: $53,820/year net + gst
Agent: Brian Paulin

7E Douglas Alexander Parade:
Features: 156m² office, 6 parking spaces
Rent: $53,500/year net + gst
Agent: David Cannon

12A Parkhead Place:
Features: 732m²,
Rent: $117,000/year net + gst
Agents: Chase Erceg & David Herron

14 Piermark Drive:
Features: 3219m²
Rent: $501,125/year net + gst at $155.60/m²
Agents: Chase Erceg & Simon Farland

7-9 Tait Place, unit 1A:
Features: 255m² industrial, 5 parking spaces
Rent: $40,000/year net + gst
Agents: Elaine Tutty & David Cannon

38C William Pickering Drive:
Features: 204m² office & warehouse, 5 parking spaces
Rent: $46,000/year net + gst
Agent: David Goodhue

Takapuna

B-Hive, 74 Taharoto Rd, unit 205A:
Features: 27m² office
Rent: $39,900/year net + gst
Agent: Nick Brown

B-Hive, 74 Taharoto Rd, unit 207A:
Features: 27m² office
Rent: $39,900/year net + gst
Agent: David Goodhue

Wairau Valley

89 Ellice Rd, unit 1C:
Features: 252m² office & warehouse, 6 parking spaces
Rent: $52,000/year net + gst
Agent: David Cannon

59 Hillside Rd, front half:
Features: 2422m²,
Rent: $220,000/year net + gst
Agents: Chase Erceg & Simon Farland

Attribution: Agency release.

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