Archive | Wairau Valley

Bayleys office ends year with 9 sales & 11 leases

Bayleys agents from the North Shore branch have started the year reporting 9 sales & 11 leases in November & December.

5 of the sales and 9 of the leases were on the Shore and at Silverdale. The rest were in Epsom, Grafton, Huntly, New Lynn & Westgate.

Sales

Isthmus east

Epsom

1B Edgerley Avenue:
Features: 357m² mixed-use property
Rent: $40,037/year net + gst
Outcome: sold at auction in December for $1.26 million + gst, yield 3.18%
Agent: Terry Kim

North-east

Rosedale

1-3 Parkhead Place:
Features: 4532m² industrial site, 2424m² building
Rent: $393,400/year net + gst
Outcome: sold in December for $5.1 million + gst at a 7.7% yield, $2104/m² land & building
Agents: Alex Strever, Laurie Burt & Matt Mimmack

4 Piermark Drive, unit D:
Features: 372.2m² industrial unit – office 175m², warehouse 150m², other area 47.2m², 7 parking spaces
Outcome: sold at auction in December for $920,000 + gst, at $2472/m² land & building
Agent: James Kidd

14-22 Triton Drive, unit C2:
Features: 130m² unit – office 90m², warehouse 40m², 3 parking spaces
Outcome: sold in December for $480,000 + gst, at $3692/m² land & building
Agents: James Yu & Alex Strever

14-22 Triton Drive, unit C3:
Features: 237.2m² unit – warehouse 55,9m², office 181.3m², 4 parking spaces        
Outcome: sold in December for $785,000 + gst, at $3309/m² land & building
Agent: Alex Strever

Silverdale

162 Foundry Rd:
Features: 2002m² site, 1032m² building
Rent: about $150,000/year net + gst
Outcome: sold in November for $3.05 million + gst, at 4.92% yield, $2955/m² land & building
Agents: Rosemary Wakeman & Matt Mimmack

North-west

Westgate

Northside Drive, lot 1, unit 6:
Features: 294m² industrial unit, 4 parking spaces
Outcome: sold in November for $990,000 + gst, at $3367/m² land & building
Agents: >Matt Mimmack & Ashton Geissler

Northside Drive, lot 1, unit 4:
Features: 309m² industrial unit, 4 parking spaces
Outcome: sold in November for $1.06 million + gst, at $3430/m² land & building
Agents: Matt Mimmack & Ashton Geissler

South of the Bombays

Waikato

Huntly

3768 State Highway 1:
Features: motel business on 3065m² site, 690m² floor area
Income: $68,000/year net + gst
Outcome: sold in December for $1.25 million + gst at 5.4% yield
Agent: David Han

Leases

Isthmus east

Grafton

14 Burleigh St, part ground floor:
Features: 561m² office, 16 parking spaces
Rent: leased in November for $144,360/year net + gst, $111,080 excluding parking, parking $40/space/week, premises rental $198/m²
Agent: Dean Gilbert-Smith

North-east

Albany

86 Bush Rd, unit U:
Features: 92m² office unit
Rent: leased in December for $29,660/year net + gst, net excluding parking $25,760/year + gst, premises rental $280/m²
Agent: Jane Sims

Birkenhead

65 Birkenhead Avenue, basement:
Features: 200m² industrial space, parking space
Rent: $30,000/year net + gst
Agents: Adam Watton & Adam Curtis

Gulf Harbour

69 Gulf Harbour Drive, unit H:
Features: 145m² retail area, 8 parking spaces
Rent: $38,160/year net + gst
Agent: Terry Kim

Rosedale

5 Beatrice Tinsley Crescent, unit B:
Features: 361m² industrial unit, 5 parking spaces
Rent: leased in December for $50,000/year net + gst
Agent: Laurie Burt

10B Canaveral Drive:
Features: 300m² industrial, 5 parking spaces
Rent: leased in December for $52,000/year net + gst, net excluding parking $52,000, premises rental $173/m²
Agent: James Kidd

7 Vega Place, unit F:
Features: 132m² industrial unit, 2 parking spaces
Rent: leased in December for $23,000/year net + gst, net excluding parking $23,000, premises rental $174/m²
Agent: Laurie Burt

45 William Pickering Drive, unit A:
Features: 340m² industrial unit, 7 parking spaces
Rent: leased in December for $65,000/year net + gst, net excluding parking $65,000/year + gst, premises rental $191/m²
Agents: James Kidd & Laurie Burt

51 William Pickering Drive, unit 9, level 1:
Features: 60m² office space, parking space
Rent: leased in December for $14,000/year net + gst, net excluding parking $14,000, premises rental $233/m²
Agent: Terry Kim

Silverdale

10 Silverdale St, shops 2 & 3:
Features: 262m² retail area, no parking
Rent: leased in December for $98,000/year net + gst, premises rental $374/m²
Agents: Adam Curtis & Adam Watton

North-west

New Lynn

3047 Great North Rd, first floor:
Features: 370m² office, 10 parking spaces
Rent: leased in November for $93,000/year net + gst, $80,000 excluding parking, parking $25/space/week, premises rental $251/m²  
Agents: Chris White & Damian Stephen

Attribution: Agency release.

Continue Reading

Rosedale & Wairau Valley sales

JLL North Shore agent Jaye Miller has completed 2 sales in Rosedale & on Porana Rd in the Wairau Valley.

North-east

Rosedale

4 Orbit Drive, unit E5:
Features: 234m² tenanted office  
Outcome: sold for $1.015 million
Agent: Jaye Miller

Wairau Valley

7 Porana Rd, unit 1:
Features: 150m² industrial unit
Outcome: sold for $436,500
Agent: Jaye Miller

Attribution: Agent 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

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

2 sales & 8 leases for Shore agents

Bayleys agents on the North Shore have signed 2 sales in Albany and 8 leases – 7 on the Shore and the other in Glen Eden.

Sales

North-east

Albany

86 Bush Rd, unit M:
Features: 65m² office unit, 2 parking spaces     
Outcome: sold in September for $375,000 + gst
Agent: Alex Strever

100 Don McKinnon Drive, unit C:
Features: 180m² unit – retail 150m², office 30m², shared parking
Outcome: sold in October for $1.398 million + gst at $7767/m²
Agents: Rosemary Wakeman, Adam Curtis & Millie Liang

Leases

North-east

Devonport

57-59 Victoria Rd:
Features: 200m² retail area
Rent: leased in October for $80,000/year net + gst, premises rental $400/m²  
Agents: Chris White & Adam Curtis

Rosedale

5-7 Paul Matthews Rd, unit E:
Features: 700m² industrial unit – office 325m², warehouse 375m², 15 parking spaces
Rent: leased in September for $120,000/year net + gst
Agents: James Kidd & Chris White

Takapuna

56-60 Hurstmere Rd, shop 1:
Features: 53m² shop
Rent: leased in September for $31,920/year net + gst, premises rental $602/m²
Agent: Ildy Meixner

507 Lake Rd, ground floor:
Features: 200m² retail space
Rent: leased in September for $110,000/year net + gst, premises rental $550/m²
Agents: Adam Curtis & Adam Watton

Wairau Valley

89 Ellice Rd, unit 10B:
Features: 125m² industrial unit, 2 parking spaces
Rent: leased in September for $32,000/year net + gst
Agents: Dean Gilbert-Smith, Adam Curtis & Adam Watton

54 View Rd, ground floor, unit C:
Features: 118m² retail space, one parking space
Rent: leased in September for $21,000/year net + gst
Agents: David Han & Terry Kim

75 View Rd, unit 10:
Features: 61m² office, 2 parking spaces
Rent: leased in October for $13,000/year net + gst      
Agents: Terry Kim & David Han

North-west

Glen Eden

182 West Coast Rd, unit 5:
Features: 100m² retail unit, shared parking
Rent: leased in October for $35,000/year net + gst, premises rental $350/m²
Agents: Steven Liu & Damian Stephen

Attribution: Agency release.

Continue Reading

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.

Continue Reading

Wairau Valley lease signed

Colliers North Shore agents have secured a Diana Drive warehouse lease, in the agency office’s latest transactions update.

North-east

Wairau Valley

101 Diana Drive, unit C:
Features: 451.3m² – warehouse 243.1m², ground floor office 99.8m², first-floor office 108.4m², 7 parking spaces
Rent: leased 4 October for $66,000/year net + gst       
Agents: Mike Ryan & Matt Prentice

Attribution: Agency release.

Continue Reading

3 Shore commercial sales & a lease

JLL agent Jaye Miller has finalised a sale & a lease on separate Wairau Valley properties in the last 10 days, following a mid-year Wairau Valley sale and another at Rosedale.

North-east

Sales

Rosedale

10 Canaveral Drive, unit 6:
Features: 473m² office & warehouse unit, 7 parking spaces
Outcome: sold in June for $1.19 million at a 6.05% yield
Agent: Jaye Miller

Wairau Valley

75G Ellice Rd:
Features: 782m² building occupied by Bakers Harvest, 14 parking spaces, at the back of a unit development
Outcome: sold last week for $1.7 million at a 5.08% yield
Agent: Jaye Miller

89-93 Ellice Rd, unit 3A:
Features: 125m² unit,
Outcome: sold in July for $621,500 at a 3.34% yield on current rent, 4.8% at market rent
Agent: Jaye Miller

Lease

Wairau Valley

20 Parity Place:
Features: 650m² building
Rent: leased this week for $90,000/year net + gst
Agent: Jaye Miller

Attribution: Agent release.

Continue Reading

3 Grange units & a Rosedale industrial sold

Bayleys agents have sold 3 units in the Grange retail development at Warkworth (pictured) and an industrial unit in Rosedale.

North-east

Sales

Rosedale

11 Orbit Drive, unit 3:
Features: 555m² industrial unit – warehouse 375m², office 180m², 9 parking space       
Outcome: sold in July for $2 million + gst, at $3604/m² land & building
Agents: Matt Mimmack & Ranjan Unka

Warkworth

The Grange, 97 Auckland Rd:
Unit 3:
Features: 200m² unit, leased for 10 years from September 2016 to Indian restaurant with 2 5-year rights of renewal
Rent: $50,500/year net + gst with annual CPI + 1% increases & review to market on renewal
Outcome: sold for $815,000 at a 6.2% yield
Agents: James Chan, Matt Lee, Adam Curtis & Adam Watton

Unit 7:
Features: 60.3m² unit, leased to a building company for 5 years from July 2017 with no right of renewal
Rent: $22,500/year net + gst with annual CPI + 1% increases & review to market in July 2019
Outcome: sold for $417,500 at a 5.39% yield
Agents: James Chan, Matt Lee & Quinn Ngo

Unit 15:
Features: 367.5m² unit, occupied by Fit Factory 24-hour gymnasium on 6-year lease from March 2017 with 2 6-year rights of renewal
Rent: $91,925/year net + gst with annual CPI + 1% increases and review to market on renewal
Outcome: sold for $1.3 million at a 7.07% yield
Agents: James Chan, Matt Lee & Quinn Ngo

Lease

Wairau Valley

44-48 Ellice Rd, unit 6A:
Features: 110m² office unit, 2 parking spaces (no charge)
Rent: leased in August for $16,000/year net + gst, premises rental $145.45/m²  
Agent: Trevor Duffin

Attribution: Agency release.

Continue Reading
WordPress Appliance - Powered by TurnKey Linux