Archive | Henderson

$40 million of commercial & industrial sales

Colliers agents have notched up over $40 million of commercial & industrial sales from Paihia to Paraparaumu in 5 transactions.

The biggest was the sale-&-leaseback deal by Steel & Tube Holdings Ltd of its East Tamaki distribution centre in November, scheduled for completion next week.

One of the 5, a Paihia retail property with 14 tenants, was sold for an undisclosed sum.

North

Paihia

68 Marsden Rd & 9 Williams Rd:
Features: 1139m², 4 buildings on 2 titles separated by Paihia Lane, 14 retail tenancies, average weighted lease term 7.35 years
Rent: $701,000/year net + gst
Outcome: sold, price not disclosed
Agents: Colliers capital markets & site sales team

North-west

Henderson

136-140 Lincoln Rd:
Features: 2709m² development site, the former Lincoln vineyard homestead, mixed-use zoning allows for a range of commercial & intensive residential development
Outcome: sold to an owner-occupier for $4,063,500
Agents: Euan Stratton, Josh Coburn & Craig Smith

South

East Tamaki

103A&B Harris Rd:
Features: total 931m², warehouse & office, high stud clearspan warehousing at rear of both units
Rent: $133,856/year net + gst     
Outcome: sold for $2.34 million + gst at a 5.7% yield
Agents: Jolyon Thomson & Jeremy Barnett

68-80 Stonedon Drive:
Features: 3.64ha site, 18,126m² Steel & Tube Holdings Ltd distribution centre,
Rent: $2,036,087/year net + gst  
Outcome: sold for $32,577,392 at a 6.25% yield in 10-year sale & leaseback (6 years certain), transaction scheduled for completion 20 December
Agents: Greg Goldfinch & Andrew Hooper
Earlier story, 20 November 2017:
East Tamaki property sold as Steel & Tube rings in changes

South of the Bombays

Wellington region

Paraparaumu Beach

345-347 Kapiti Rd:
Features: 1844m² site, 880m² office & retail
Outcome: sold for $2.013 million at a 7.47% yield
Agent: Dean Anderson

Attribution: Agency release.

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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.

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Waitakere Mega Centre becomes The Boundary

The Christchurch syndicate which used an earthquake insurance payout to buy the Waitakere Mega Centre in Henderson in 2014 has decided on a rebrand to The Boundary.

The centre, on Vitasovich Avenue, across the road from Westfield’s WestCity mall, has 23 specialty shops in a net lettable area of 18,027m², including national brands Ballentynes, St Pierre’s & Lighting Direct. It’s anchored by Kmart, Briscoes & Rebel Sport and has 800 parking spaces.

Colliers’ real estate management national director Richard James said the new centre name was chosen to reflect its location between the bustle of the city and the lush, wild greenery of the Waitakere Ranges. The intention was to blur the lines between its retail spaces & the surrounding natural environment.

Mr James said the transformation would take place in stages, starting with a refurbished Kmart lobby, replacement of the lift with a new glazed elevator, upgraded external seating areas & a refurbished carpark.

Urbus Properties Ltd redeveloped the centre in 2005-06, as the company was being taken over by the ING Property Trust. The combined business became Argosy Property Ltd, which sold the centre to the Christchurch syndicate in 2014 at the book value of $45.75 million.

Syndicate directors & shareholders include Ashburton farm management consultant Andrew Macfarlane, founder of Macfarlane Rural Business Ltd, chair of Ngai Tahu Farming Ltd, former chair of Deer Industry NZ and appointed a director of Fonterra Co-operative Group Ltd on 2 November. Longtime Christchurch property investor Peter Rae is also a shareholder & director of the syndicate company, renamed The Boundary Ltd on 1 December.

Syndicate members used a payout on the 17-storey Forsyth Barr House, badly damaged in the 2011 Christchurch earthquake, to buy the West Auckland shopping centre.

Earlier stories:
3 August 2014: Argosy sells Waitakere Mega Centre
18 November 2004: Urbus to turn Waitakere Plaza into bulk retail centre

Attribution: Agency release, Company Register.

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Spirited bidding on one, vendor bids dominate on 2

Properties on Barrys Point Rd in Takapuna and at Helensville, both earmarked as development prospects sold under the hammer at NAI Harcourts’ commercial auction yesterday, but after that the dominant bidders were the vendors.

Many auctioneers use vendor “bids” to coax prospective buyers into getting bidding underway, and will use these “bids” as an indicator again if offers are well short of reserve. But yesterday, auctioneer Andrew North found himself making 3 vendor bids on each of the last 2 properties on offer, against one on each from the floor.

You could put that down to the state of the market, but the lack of interest in those 2 properties followed spirited bidding for the Barrys Point Rd site.

North-east

Rosedale

331 Rosedale Rd, unit 1A:
Features: 129m² air-conditioned café on new 8-year lease with renewals to 2041, patio; 58m² ground-floor office, 14 parking spaces including 2 leased out
Rent: $77,235/year + opex + gst from 2 tenants, 2 parking spaces leased out at $260/month ($3120/year + gst)
Outcome: passed in after a bid from the floor at 1 million, followed by 3 vendor indicator bids up to $1.2 million
Agent: Albert Quan

Takapuna

42 Barrys Point Rd:
Features: 825m² site, 188m² building – ground 155m², basement storage 33m², 12 parking spaces, vacant possession after Espresso Relax Ltd tenancy expired, 18m height limit (including 2m roof form)
Rent: was $40,978/year + gst
Outcome: sold for $1.75 million
Agents: Andrew Bruce, Marty van Barneveld & Rob Meister

North-west

Helensville

15 Railway St:
Features: 1366m² site in 2 titles, 166m² floorspace, gravelled yard, vacant possession
Outcome: sold for $650,000 at $476/m² land
Agents: Rene Geertshuis & Geoff Thorne

Henderson

84 Henderson Valley Rd:
Features: 5014m² site, 660m² floor area, occupied by glass fibre-reinforced concrete company GRC NZ Ltd on lease with final expiry in 2024
Rent: $81,000/year net + opex + gst
Outcome: passed in after vendor bids at $1.3 million & $1.4 million, a bid from the floor at $1.41 million and a final vendor bid at $1.5 million
Agent: Marty van Barneveld

Attribution: Auction.

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Updated: Takapuna properties bought on development-based yields as 9 sell at Bayleys’ commercial auction

Published 26 October 2017, updated 28 October 2017:
Bayleys’ 7th Total Property commercial auction in Auckland for the year ended with 9 properties sold, 8 passed in, and the auction of the one remaining property on the list was deferred a week. Another, in Birkenhead, has been sold post-auction.

The sales included 2 adjoining converted houses (pictured) on Lake Rd, Takapuna, sold at yields on present uses of 2.7% & 4.1%. Both have more intensive development potential.

CBD

Waterfront

Sebel, 85-93 Customs St West, unit S:
Features: leasehold, 628m² floor area, tenant Soul Bar on 9-year lease + rights of renewal until 2038
Rent: $437,500/year net + gst + outgoings including ground rent, rent reviews to CPI + fixed increases
Outcome: passed in
Agent: Mark Pittaway

16 Viaduct Harbour Avenue, unit 1A, ground floor:
Features: leasehold, 439m² office including balcony, 5 secure covered parking spaces
Rent: $248,500/year gross + gst, net $124,026/year + gst, 6-year lease to Auckland Council with rights of renewal
Outcome: passed in
Agent: Mark Pittaway

Isthmus east

Onehunga

360 Onehunga Mall:
Features: 538m² site zoned residential – terrace housing & apartment building, 2-level 341m² building constructed in 2010, ground-floor liquor store, 4-bedroom accommodation above
Rent: $93,712.50/year net + gst
Outcome: sold for $1.96 million at a 4.78% yield
Agents: Ken Lu, Damien Bullick & Alan Haydock

Panmure

100 Queens Rd:
Features: 979m² site, 1701m² floor area, multi-tenanted retail property
Rent: $131,181/year net + gst + outgoings, rising to $139,432/year next April 
Outcome: auction deferred until Wednesday 6 December
Agent: Mark Pittaway

Penrose

766 Great South Rd:
Features: 998m² site, 300m² single-level medical clinic, multiple tenants include GP practice, physiotherapist, occupational therapist & accountant
Rent: $65,050/year net + gst
Outcome: sold for $1.065 million at a 6.11% yield
Agents: Tony Chaudhary, Janak Darji, James Hill & James Chan

25 Walls Rd:
Features: 1037m² light industry-zoned site, 702m² high stud warehouse & office building, new 6-year lease to well established import & distribution tenant
Rent: $106,302/year net + gst     
Outcome: sold for $2.305 million at a 4.61% yield
Agents: Mike Adams & Phil Haydock

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
Agents: Alan Haydock, Phil Haydock & Damien Bullick

North-east

Birkenhead

221-225 Hinemoa St:
Features: 522m² floor area, medi-spa & beauty salon a tenant since 2004 & on new 5-year lease, 2 small shops, penthouse apartment
Rent: $122,304/year net + gst from commercial premises, apartment vacant
Outcome: passed in at $3.5 million
Agents: James Kidd & Michael Nees

Updated: 60-62 Mokoia Rd:
Features: 405m² site in town centre zone (21m height limit) retail strip, 744m² floor area, 3 tenants
Rent: $131,018.33/year net + gst + outgoings
Outcome: passed in at $2.2 million, sold shortly after auction for $2.3 million at a 5.7% yield
Agents: Michael Nees & Nick Howe-Smith

Takapuna

58-60 Jutland Rd:
Features: 371m² site zoned neighbourhood centre (13m height limit), 398m² 2-level building with mix of commercial & residential tenancies – 3 ground-floor retail units, anchored by a superette, 2 flats above; secondary access at the rear, where there are 4 parking spaces
Rent: $100,088/year net + gst current, development upside   
Outcome: sold for $2.09 million at a 4.79% yield
Agents: Adam Curtis, Damian Stephen & Nick Howe-Smith

398 Lake Rd:
Features: 888m² site in mixed use zone, 321m² 2-level building; the Skin Institute has occupied the premises since 1994 and has recently renewed its lease until September 2023, with 3 further 3-year rights of renewal; zoning provides potential for residential accommodation with sea views on top of commercial base
Rent: $165,000/year/net + gst    
Outcome: sold for $4.04 million at a 4.08% yield
Agents: Ranjan Unka, Tonia Robertson & Ashton Geissler

400 Lake Rd:
Features: 890m² site zoned mixed use, 272m² converted split-level character residential building, fully leased to long established law firm Turner Hopkins with 5½ years to run on lease, longer-term potential for multi-level redevelopment
Rent: $96,000/year net + gst
Outcome: sold for $3.61 million at a 2.66% yield
Agents: Tonia Robertson, Ranjan Unka & Terry Kim

North-west

Henderson

42 Paramount Drive, units 6 & 7:
Features: 280m² for 2 units consented for restaurant use, separate entrances, in retail complex off Lincoln Rd
Outcome: sold vacant for $1.408 million
Agents: David Han, Terry Kim & Matt Lee

South

Beachlands

40 9th View Avenue:
Features: 1416m² site zoned residential – terrace housing & apartment building, opposite entranceway to Pine Harbour marina, modern 640m² single-level showroom building;
Rent: $36,443/year holding income
Outcome: sold for $1.65 million from lease to Pine Harbour Motorsport Museum
Agents: Nick Bayley & Dave Stanley

East Tamaki

46 Neilpark Drive:
Features: 2100m² site, 2 adjoining clearspan warehouse & office units totalling 1012m²
Rent: $110,000/year net + gst holding income from short-term leaseback of both units to vendor
Outcome: sold shortly after auction for $2.65 million
Agents: Katie Wu, John Bolton & Roy Rudolph

Papakura

80 Hunua Rd, lot 2:
Features: 9453m² site, 6302m² warehouse
Rent: $360,000/year net + gst     
Outcome: passed in at $4 million
Agents: Shane Snijder & Peter Migounoff

Wiri

55 Ash Rd, unit 4:
Features: 200m² unit in industrial precinct, parking
Rent: $28,600/year net + gst
Outcome: passed in at $625,000
Agents: Karl Price & Nick Bayley

South of the Bombays

Manawatu – Dannevirke

69 High St:
Features: 617m² site, 693m² building, long-term tenant Westpac on new 5-year lease, 3 more 3-year rights of renewal, second tenant Cooly Properties Ltd on one-year lease to end of next year
Rent: $59,000/year net + gst from bank, $30,000/year net + gst from second tenant
Outcome: no bid
Agent: Rollo Vavasour

Attribution: Auction.

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4 industrial property sales for Colliers

The Vijay Frame & Truss business and clothing company AS Colour Holdings Ltd’s head office & distribution facility, both in Henderson, have been sold through Colliers.

In Grey Lynn, a small light industrial building on Mackelvie St has been sold, and a Christchurch warehouse has been sold.

Isthmus west

Grey Lynn

36 Mackelvie St:
Features: light industrial building, 4 parking spaces
Outcome: sold for $2,316,750 at a 2.9% yield
Agents: Charlie Oscroft & Kris Ongley

North-west

Henderson

9-11 Aetna Place:
Features: Vijay Frame & Truss business, part of Vinod Kumar’s Vijay Holdings Ltd group
Outcome: sold for $900,000
Agents: Pauras Rege, Marcus Jacobson & Shelley May

84 Central Park Drive:
Features: 6735m², Australasian clothing company AS Colour Holdings Ltd’s head office & distribution facility
Outcome: sold for $9.2 million at a 5.1% yield
Agents: Andrew Hooper & Dwayne Warby

South Island

Canterbury

Christchurch, Phillipstown

15 Phillips St:
Features: 897m² site, 766m² refurbished warehouse – 510m² warehouse, 150m² consented mezzanine, 106m² office, 7 parking spaces
Outcome: sold at auction for $991,000
Agents: Christian Kellar & Paul Marshall

Attribution: Agency release.

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Orchard Park features in Shore sales & leases

Bayleys agents on the North Shore have completed sales of 3 units in the new Orchard Park development at 63 Corinthian Drive and the leasing one unit, plus a Northcross sale & 3 other leases.

Sales

North-east

Albany

Orchard Park, 63 Corinthian Drive, unit 3:
Features: 547m² industrial unit – warehouse 403m², showroom 67m², office 77m², 9 parking spaces
Outcome: sold in September for $1.73 million + gst at $3163/m² land & building
Agents: James Yu & Matt Mimmack

Orchard Park, 63 Corinthian Drive, unit 4:
Features: 547m² industrial unit – warehouse 403m², showroom 67m², office 77m², 9 parking spaces
Outcome: sold in September for $1.73 million + gst at $3163/m² land & building
Agents: James Yu & Matt Mimmack

Orchard Park, 63 Corinthian Drive, unit 5:
Features: 834m² industrial unit – warehouse 580m², showroom 111m², office 143m², 14 parking spaces
Outcome: sold in September for $2.835 million + gst at $3400/m² land & building
Agent: Matt Mimmack

Northcross

153 Carlisle Rd:
Features: 1002m² corner section
Outcome: sold at auction in September for $1.64 million + gst
Agents: Dean Gilbert-Smith & Alex Strever

Leases

North-east

Albany

Orchard Park, 63 Corinthian Drive, unit 3:
Features: 547m² industrial unit – warehouse 403m², showroom 67m², office 77m², 9 parking spaces
Rent: leased in September for $100,000/year net + gst, premises rental $182/m²       
Agent: James Yu

Rosedale

Candida office park, 61 Constellation Drive, building 4, level 3, suite 310:
Features: 6.9m² office
Rent: leased in September for $11,740.20/year net + gst, premises rental $1701/m²
Agent: Jane Sims

Candida office park, 61 Constellation Drive, building 4, level 3, suite 312:
Features: 19.6m² office, 4 parking spaces
Rent: leased in September for $33,901.20/year net + gst (excluding parking), premises rental $1730/m² (excluding parking)
Outcome:
Agent: Jane Sims

North-west

Henderson

301 Lincoln Rd, unit B:
Features: 88m² retail unit
Rent: leased in September for $54,000/year net + gst, premises rental $614/m²
Agents: Adam Curtis & Adam Watton

Attribution: Agency release.

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Herne Bay apartment sells

A Herne Bay apartment (outlined in picture) was sold at Bayleys’ city residential auction yesterday, and a Henderson cross-lease was passed in.

Isthmus west

Herne Bay

5 Curran St, unit 6:
Features: renovated one-bedroom top-floor apartment, parking space
Outgoings: body corp levy $3663/year
Outcome: sold for $825,000
Agent: Chris Batchelor

North-west

Henderson

63A Sturges Rd (flat 2):
Features: cross-lease, half share in 1031m², 3 bedrooms, garage + extra parking
Outcome: passed in at $635,000
Agent: Karina Thorburn

Attribution: Auction.

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8 out of 10 sell at Bayleys commercial auction

8 of the 10 properties in Bayleys’ Total Property commercial auction yesterday were sold under the hammer.

6 of them were vacant or with short leases. Of the 3 where a yield could be calculated, an Asian supermarket in Papakura (outlined in picture) sold at 4.7%, a Grange hair salon at Warkworth sold at 5.9% and a Birkenhead property with 5 tenants sold at 6%.

Isthmus east

Onehunga

12 George Terrace:
Features: vacant 521m² site, 515m² refurbished standalone industrial building, zone allows live/work or residential
Outcome: sold for $1.4 million
Agents: James Valintine & William Gubb

Parnell

11 Farnham St:
Features: 269m² site, standalone building with 4 levels built 10 years ago, 659m² floor area, private lift to penthouse on top 2 floors, conservatory, 4 bedrooms, 5/6-car garage + secured yard parking on ground floor, partitioned office & amenities on level 1, air-conditioned on levels 1-3
Outcome: sold for $3.22 million
Agents: Millie Liang

St Johns

121 Morrin Rd:
Features: 4755m² site, 2312m² high stud warehouse, 6 roller doors, small office, yard + parking
Rent: short-term tenancy in place
Outcome: sold for $6.81 million
Agents: Jamsheed Sidhwa, Luke Carran & James Valintine

North-east

Birkenhead

49-55 Birkenhead Avenue:
Features: 801m² site, 481m² floor area, 5 tenants, town centre zoning has 21m height limit
Rent: $112,070/year net + gst
Outcome: sold for $1.867 million at a 6% yield
Agents: Michael Nees, David Huang & Oscar Kuang

Browns Bay

755 Beach Rd:
Features: vacant 1029m² site, 70m² building, mixed use zoning allows building height up to 4 storeys
Outcome: passed in at $700,000
Agents: Ranjan Unka & Anna Radkevich

Rosedale

372 Rosedale Rd, unit 2A:
Features: 186.7m² first-floor office, 6 parking spaces, tenant Bayleys Real Estate Ltd
Rent: $58,209/year net + gst + outgoings, 18-month lease from 1 April, 2 18-month rights of renewal
Outcome: no bid
Agents: Matt Mimmack & Eddie Zhong

Unsworth Heights

1 Greenwich Way, shop 7:
Features: 186m² retail unit, tenant BookPrint Ltd
Rent: $51,520/year net + gst + outgoings
Outcome: withdrawn from auction
Agents: Dean Gilbert-Smith & Adam Curtis

Warkworth

The Grange, 67 Auckland Rd, unit 22A & 22B:
Features: 119m² shop, tenant Vivo Beauty Ltd
Rent: $49,100/year net + gst, new 8-year lease
Outcome: sold by the developer, Square & Main Street Ltd (Adam Reynolds) for $830,000 at a 5.9% yield
Agents: Matt Lee, James Chan & Henry Napier

North-west

Henderson

111 Lincoln Rd, unit FB:
Features: retail unit, tenant Petstock
Rent: $105,000/year net + gst, new 6-year lease
Outcome: withdrawn from auction
Agents: Tony Chaudhary & James Chan

South

East Tamaki

20 Ra Ora Drive:
Features: vacant 4885m² site, metalled, fenced & electronic security gate, former Howick Bus Co Ltd depot
Outcome: sold for $2 million
Agents: John Bolton, Roy Rudolph & Katie Wu

Papakura

303-305 Great South Rd:
Features: 2023m² site zoned business mixed use, Asian supermarket tenant
Rent: $161,740/year net + gst, new 4-year lease + 3 4-year rights of renewal
Outcome: sold for $3.44 million at a 4.7% yield
Agents: Quinn Ngo, Matt Lee & Piyush Kumar

Takanini

305 Great South Rd:
Features: vacant 990m² industrial site, 448m² warehouse
Outcome: sold for $1.52 million
Agents: Shane Snijder & Peter Migounoff

Attribution: Auction.

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Slow, but a 61% success rate at auctions

Image above: The Oxford on Mount St – one apartment sold, one passed in.

It took auctioneer Murray Smith 30 minutes & much twiddling of his thumbs this morning before he banged his hammer down for the sale of one apartment. Next up, there were 3 bidders and a sale ensued in a few minutes.

In 5 sessions this week, auctioneers at Barfoot & Thompson’s city office put through 41 residential properties, 16 of them which I categorise as intensive (apartments, townhouses, suburban units – I wasn’t at all sessions and don’t know if any others were cross-leased).

A year ago, that would have been the throughput on a Wednesday or Thursday morning, so volume is well down.

But the sales ratio under the hammer this week was strong – 25 sold out of 41 homes offered, a 61% success rate. For the intensives, 9 sold out of 16 offered, a 56% success rate.

CBD

Albert St

Quay West, 8 Albert St, unit 1202:
Features: 74m², one-bedroom apartment, balcony, parking space
Outcome: sold for $695,000
Agents: Cici & Miro Wang

Commerce/Gore

HarbourCity, 16 Gore St, unit 28I:
Features: 38m², one-bedroom apartment
Outgoings: body corp levy $2851/year, $5099 special levy for leaks remediation
Outcome: sold for $279,000
Agent: Jason Buckwell

Federal St

207 Federal St, unit 506:
Features: 61m², 2-bedroom apartment, balcony
Outcome: sold for $536,000 at auction brought forward
Agents: Cici & Miro Wang

Learning Quarter

Celestion, 19 Anzac Avenue, unit 1002:
Features: 55m² apartment including balcony, 2 bedrooms
Outgoings: body corp levy $4536/year
Outcome: sold for $535,000
Agents: Zoran Farac & Leo Shin

Oxford, 13-15 Mount St, unit 4H:
Features: 34m² studio, deck
Outgoings: body corp levy $2147/year
Outcome: sold for $290,000
Agents: Leo & Stephen Shin

Oxford, 13 Mount St, unit 13F:
Features: 42m², one-bedroom apartment
Income assessment: $360/week current
Outcome: passed in
Agent: Yuyu Cao

Victoria Quarter

Marina Park, 146 Fanshawe St, unit 12:
Features: one-bedroom apartment, garage
Outcome: withdrawn from auction
Agents: Bella Stefano & Sherry Shao

Waterfront

Princes Wharf, 137 Quay St, unit 10:
Features: leasehold, 57m², one-bedroom apartment, balcony
Outgoings: 5-yearly ground rent review has been replaced with a fixed annual increase of 3% or CPI, whichever is greater
Outcome: no bid, back on market at $228,000
Agent: Anah Jordan

Isthmus east

Ellerslie

178A Ladies Mile:
Features: 3-bedroom standalone townhouse, deck, carport
Outcome: passed in at $730,000
Agents: Anna Stephens-Brown

Epsom

22 Rangiatea Rd, unit 3:
Features: 98m², 2-bedroom unit, garage, storage, 2-year-old roof, ceiling insulated
Outcome: passed in at $880,000
Agent: Helen Lam

Mt Wellington

51 Ireland Rd, unit 41:
Features: 2-bedroom terrace, study, carport, in gated complex
Outcome: passed in at $480,000, back on market at $560,000
Agent: Kevin Liu

Panmure

10B Allenby Rd:
Features: 2-bedroom upstairs end unit, garage, storage
Outcome: no bid
Agents: George Fong & Paul Sun

Parnell

28C Stanwell St:
Features: 2-bedroom garden apartment, 2 bathrooms, study, courtyard, 2 parking spaces
Outcome: sold for $775,000
Agent: Cindy Yu

St Johns

35 Simkin Avenue, unit 2:
Features: 2-bedroom unit, carport, basement workshop
Outcome: passed in, back on market at $698,000
Agent: May Long

Isthmus west

Mt Eden

14 Lovelock Avenue, unit 10:
Features: 2-bedroom apartment, balcony, parking space
Outcome: sold for $640,000
Agent: Prasanna Kumar & Aaron Julian

Waterview

1510 Great North Rd, unit 15:
Features: 88m², 3-bedroom apartment, 2 bathrooms, parking space, newly reclad & code compliance certificate issued in January
Outcome: sold for $380,000
Agents: David Dowse & Susie Calderwood

North-west

Henderson

16 Buscomb Avenue:
Features: 1033m² site, 3-bedroom house + 2 separate 2-bedroom units, all redecorated, new kitchens & bathrooms; house has basement garage, carport, storage; units have their own entrance from Sel Peacock Avenue, offstreet parking; zoned terrace housing & apartments
Outcome: sold for $1.771 million
Agent: Jim Murray

Attribution: Auctions, auction documents.

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