Archive | Kumeu

Assessment of north-west community facilities shortfall nears decision time

An Auckland Council report on community facilities in the north-west – and recommended action – will go to the 4 relevant local boards this week.

The area investigated covers 150km2, represents just 3% of the region and had an estimated population of just 34,230 last year.

But that population is expected to balloon by 350% through to 2046. In the east at the moment, the new Millwater subdivision out from Silverdale is hemmed in by the Northern Motorway. From there to Kumeu at night, all is pitch black, but that won’t last much longer.

The council investigation area included parts of the Rodney, Upper Harbour & Henderson-Massey local board areas.

Report authors principal policy analyst Antonia Butler & southern community policy team leader Elizabeth Fitton-Higgins said the north-west’s population was growing faster than the Auckland average, which would put pressure on existing community services & facilities and create demand for new services.

Council staff investigated the provision of community facilities across the north-west over the last financial year to identify gaps now & likely in future.

Their key findings:

  • The baseline population is aging but new developments are bringing in younger people, families & increasing ethnic diversity, which will impact service needs
  • Economic & geographic disparity restricts access and creates barriers to participation for some residents, particularly those in rural areas and in lower socio-economic areas such as parts of Westgate & Massey
  • A pool & additional sport & recreation space are priorities for many residents, and
  • There is some capacity within existing facilities and opportunities to better target services to increase participation in low user groups.

The recommended key moves to address the findings are:

  • Address condition issues at Kumeu Library to maintain service levels
  • New aquatic provision from 2026, ideally near Westgate
  • Additional recreation/leisure space in Rodney by 2026 and further recreation space in the longer term (2036) in the Henderson-Massey or Upper Harbour area to support 4 additional indoor courts
  • Potential additional multi-purpose community space in Whenuapai from 2026 and Kumeu from 2036, subject to the impact of new provision in Westgate, the rate of growth across the area and the needs of emerging communities.

The local boards will be asked to endorse the report’s findings & consequent next steps – to assess options, start strategic cases for change and develop an indicative business case.

Links:
Rodney local board agenda item
North-west community facilities provision investigation summary report
Bob Dey Property Report diary, week 17-23 September 2018

Attribution: Council committee agenda.

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4 northern greenway reports up for approval

The Rodney Local Board has 4 feasibility reports on greenway routes to approve on Thursday.

They assess the feasibility of developing priority greenway routes within Kumeu, Omaha, Riverhead & Wellsford.

The reports outline routes for shared walkway & cycleways, creating connections between green open spaces & residential subdivisions.

In a summary for the board meeting, Auckland Council senior growth development specialist Angela Levet said the need for landowner approval for public access had been identified in 5 places.

The local board has held 2 workshops on the report drafts and had indicated support for the key findings.

Ms Levet said budget had been allocated this financial year for design & resource consent for one or more priority routes, but the board wanted another workshop to determine the routes to be progressed first.

Links:
Local board agenda item: 13, Rodney greenways – feasibility studies (Kumeu, Omaha, Riverhead & Wellsford)
Kumeu River greenway feasibility study report    
Omaha greenways feasibility study report    
Riverhead, Victoria St greenway feasibility study report    
Centennial Park greenway feasibility study report
Bob Dey Property Report diary, week 17-23 September 2018

Attribution: Board agenda.

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Long list of commercial sales & leases for Shore agents

Barfoot & Thompson Commercial agents on the North Shore have tallied up a long list of sales & leases over the summer – 6 sales & 22 leases, including involvement in some outside the north-east Auckland area.

Sales

North-east

Albany

236A Bush Rd:
Features: 387m² tenanted industrial building – 156m² warehouse, 137m² office, 96m² showroom
Outcome: sold for $1.25 million
Agents: Simon Farland, Chase Erceg & Lily Han

254 Cornerstone Drive, unit PU6:
Features: tenanted 64m² retail, 3 parking spaces
Rent: $42,000/year net + gst
Outcome: sold for $781,800
Agent: Brian Paulin

Rosedale

7 Triton Drive, unit D:
Features: 167m² tenanted retail space
Outcome: sold for $1.015 million
Agent: Nick Brown

44 William Pickering Drive, unit 8:
Features: 159m² vacant live & work
Outcome: sold for $720,000
Agent: David Cannon

North-west

Hobsonville

8 Workspace Drive:
Features: 2482m² land
Outcome: sold for $1.325 million
Agents: Paul Vermaak & Brian Paulin

North

Marsden Point

Marsden Point Rd:
Features: 59,423m² land
Outcome: sold for $500,000
Agent: David Goodhue

Leases

North-east

Albany

238F Bush Rd:
Features: 105m² office, 4 parking spaces
Rent: not given
Agents: North Shore Commercial

18 Oteha Valley Extension:
Features: 155m² work & live, 2 parking spaces
Rent: not given
Agents: Elaine Tutty & David Cannon

270 Oteha Valley Rd, unit 7:
Features: 90m² retail
Rent: leased for $51,375/year net + gst
Agent: Lily Han

Birkenhead

88 Hinemoa St:
Features: 136m² retail, one parking space
Rent: leased for $26,500/year net + gst
Agent: Gary Seekup

Browns Bay

21-27 Clyde Rd:
Features: 103m² retail, 3 parking spaces
Rent: leased for $48,837/year net + gst
Agent: Bruce Jiao

Rosedale

4 Antares Place, unit D:
Features: 121m² ground-floor office, 3 parking spaces
Rent: leased for $32,160/year net + gst
Agent: Brian Paulin

4 Antares Place, unit F:
Features: 105m² retail, 3 parking spaces
Rent: leased for $27,000/year net + gst
Agents: Brian Paulin & Max Andrews

59 Apollo Drive:
Features: 184m² office, 5 parking spaces
Rent: leased for $54,340/year net + gst
Agent: Brian Paulin

87 Apollo Drive:
Features: 108m² retail, 5 parking spaces
Rent: leased for $65,000/year net + gst
Agent: Brian Paulin

63 Arrenway Drive, unit 13:
Features: 120m² business unit – office 80m², warehouse 40m², 2 parking spaces
Rent: leased for $25,000/year net + gst
Agent: Lily Han

10 Canaveral Drive, unit 5D:
Features: 92m² office, 4 parking spaces
Rent: leased for $24,000/year net + gst
Agent: Max Andrews

43 Omega St, unit GE:
Features: 246m² office, 7 parking spaces
Rent: leased for $66,320/year net + gst
Agents: Barfoot & Thompson North Shore Commercial

19B William Pickering Drive:
Features: 403m² industrial building – 196m² warehouse, 207m² office, 8 parking spaces
Rent: leased for $65,000/year net + gst
Agent: David Cannon

Silverdale

177 Millwater Parkway, shop 8:
Features: 86.38m² retail
Rent: leased for $33,552/year net + gst
Agent: Lily Han

Takapuna

9 Anzac St:
Features: 174m² office
Rent: leased for $38,180
Agent: Max Andrews

16 Byron Avenue:
Features: 120m² office, 4 parking spaces
Rent: leased for $35,000/year net + gst
Agent: Nick Brown

56-60 Hurstmere Rd, shop 4:
Features: 53.23m² retail
Rent: leased for $31,920/year net + gst
Agent: Max Andrews

507 Lake Rd:
Features: 106m² office
Rent: leased for $33,000/year net + gst
Agent: Brian Paulin

Wairau Valley

59 Hillside Rd:
Features: 1440m² industrial building plus yard
Rent: leased for $160,000/year net + gst
Agent: Gary Seekup

11 Silverfield, unit 10:
Features: 160m² industrial building, 3 parking spaces
Rent: leased for $23,000/year net + gst
Agent: David Cannon

North-west

Kumeu

156C Main Rd:
Features: 449m² industrial building – 382m² warehouse, 67m² office, 10 parking spaces
Rent: leased for $55,000/year net + gst
Agents: David Herron & Chase Erceg

South

Wiri

20 Hobill Avenue:
Features: 500m² industrial building
Rent: leased for $120,000/year net + gst
Agents: Paul Vermaak & James Marshall

Attribution: Agency release.

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2 new Apollo Drive units among January sales

Bayleys North Shore agents have sold 2 units in a new Apollo Drive development and 3 other properties, and concluded 3 lease agreements.

Sales:

North-east

Orewa

21 Tamariki Avenue:
Features: 559m² site, 316m² office building, 11 parking spaces, first floor occupied by BDS Hughes Chartered Accountants, ground floor vacant; town centre zoning
Rent: first-floor income $27,010/year net
Outcome: sold in January for $1.425 million + gst
Agents: Rosemary Wakeman & Mustan Bagasra

Rosedale

56 Apollo Drive, unit 9:
Features: new 108m² restaurant/café in Kea Property Ltd development – retail area 78m², covered courtyard 30m², shared parking
Outcome: sold in January for $740,000 + gst, at $8303/m² retail area, $3076/m² courtyard
Agents: Terry Kim, Adam Curtis, Damian Stephen, Michael Block & Eddie Zhong

56 Apollo Drive, unit 3A(4):
Features: 69m² retail unit, shared parking
Outcome: sold in January for $561,000 + gst, at $8250/m²
Agents: Terry Kim, Adam Curtis, Damian Stephen, Michael Block & Eddie Zhong

239 Rosedale Rd, unit R:
Features: 135m² retail unit, 4 parking spaces
Outcome: sold for $443,000 + gst at $3281.48/m² (parking free)
Agents: Anna Radkevich (Bayleys) & Alan Woodford (Ray White)

Wairau Valley

170 Wairau Rd, unit 21:
Features: 107m² retail unit, tenant Swim Mart
Rent: $49,500
Outcome: sold in January for $875,000 + gst at a 5.7% yield, $8178/m²
Agents: Adam Watton & Adam Curtis

Leases:

North-east

Rosedale

Part of 93 Apollo Drive:
Features: 900m² – warehouse 875m², office 25m², no parking
Rent: leased in January for $130,000/year net + gst at $145/m²
Agents: Matt Mimmack (Bayleys) & Matt Prentice (Colliers)

Wairau Valley

77 Porana Rd, unit 11:
Features: 223m² unit – office 40m², warehouse 131m², other area 31m², 3 parking spaces
Rent: leased in January for $34,000/year net + gst
Agents: Paul Prouse & Trevor Duffin

North-west

Kumeu

7 Shamrock Place:
Features: 512.8m² unit – office 153,9m², warehouse 358.9m², 8 parking spaces
Rent: leased in January for $60,000/year net + gst at $156.66m² office, $100/m² warehouse (parking free)
Agent: Rosemary Wakeman

Attribution: Agency release.

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13 sales around North Island

13 sales & 2 leases around the North Island have been reported by Colliers.

Sales

Isthmus east

Newmarket

7 Edgerley Ave:
Features: 716m² site, 464m² commercial building
Outcome: sold for $3.45 million, representing $4818/m² land & building
Agents: Jonathan Lynch & Simon Child

Otahuhu

132 Portage Rd:
Features: 4960m² site, 2324m² office & warehouse
Outcome: sold for $4.5 million at a 6.5% yield
Agents: Hamish West, Ben Herlihy, Andrew Hooper & Matt Prentice

Penrose

60 Hugo Johnston Drive:
Features: 4175m² industrial property, 1117m² 2-level office building & 1087m² standalone warehouse
Outcome: sold for $5.45 million at a 6.72% yield
Agents: Paul Jarvie, Brad Johnston & Greg Goldfinch

Isthmus west

Mt Eden

108 Mt Eden Rd:
Features: 1070m² site, 700m² 2-level office building
Outcome: sold for $4.55 million, representing $4252/m² land & building
Agent: Jonathan Lynch

North-east

Rosedale

63 Apollo Drive, unit B1:
Features: 444m² commercial uni,
Outcome: sold vacant for $1.85 million
Agents: Nick Recordon & Janet Marshall

North-west

Kumeu

202-220 Main Rd:
Features: 4153m² site, 1740m² office & warehouse
Outcome: sold for $2.2 million, representing $530/m² land & building
Agents: Jonathan Lynch & Craig Smith

South

East Tamaki

27 Zelanian Drive:
Features: 5863m² vacant office & warehouse
Outcome: sold for $8.475 million
Agents: Andrew Hooper, Greg Goldfinch, Paul Higgins & Brad Johnston

South of the Bombays

Bay of Plenty

Mt Maunganui

24 Pacific Avenue:
Features: 675m² site, 440m² retail building,
Outcome: sold for $3.075 million at a 4.3% yield
Agents: Simon Clark, Rob Schoeser & Hadley Brown

Rotorua

422-430 Ngongotaha Rd:
Features: 2.66ha industrial development site, 1056m² warehouse,
Outcome: sold vacant for $2.4 million
Agent: Mark Rendell

Manawatu

Palmerston North

360 Albert St:
Features: 382m² site, 220m² retail building,
Outcome: sold for $800,000 at a 5.5% yield
Agents: Phil Nevill, Grant Lloyd & Doug Russell

314-322 Rangitikei St:
Features: vacant 1616m² property,
Outcome: sold for $1 million
Agents: Grant Lloyd, Phil Nevill & Doug Russell

Waikato

Hamilton

69 Vickery St, unit 9:
Features: 681m² industrial/retail unit,
Outcome: sold for $1.416 million at a 5.68% yield
Agent: John Hagar

Wellington

Lower Hutt

71 Port Rd:
Features: 4049m² site, 2411m² office & warehouse
Outcome: sold for $2.83 million
Agents: Tim Julian & Kieran Lennon

Leases

Isthmus east

Mt Wellington

103 Carbine Rd:
Features: 1664m² commercial premises leased to ECL Group Fuel Systems Ltd for a 6-year term on behalf of Windward Properties Ltd
Agents: Hamish West, Paul Higgins & Andrew Hooper

South of the Bombays – Wellington

Lower Hutt

109 Port Rd:
Features: 4852m² commercial premises leased to Linfox Logistics NZ Ltd for a 6-year term on behalf of Seaview Commercial Investments Ltd
Agent: Kieran Lennon

Attribution: Agency release.

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8 sales & 27 leases for Barfoots Shore office

Barfoot & Thompson North Shore Commercial agents recorded 8 sales and brought in 27 unconditional leases for 8393m² floor area for a total of $1.5 million in June.

Sales:

North-east

Rosedale

6 Airborne Rd, unit 18:
Features: 130m² studio warehouse
Outcome: sold for $620,000
Agent: Elaine Tutty

4 Antares Place, unit E:
Features: about 86m² office
Outcome: sold vacant for $325,000
Agent: Brian Paulin

7 Douglas Alexander Parade, unit A:
Features: 260m² office
Outcome: sold for $830,000
Agents: Aaron Smith & Gary Seekup

6 Tarndale Grove:
Features: 1396m² site, 704m² standalone office building, 22 parking spaces, mainly owner occupied, can be split into multiple tenancies
Outcome: sold for $2.3 million
Agent: Ferdi Doktorglu

1 William Pickering Drive, unit 9:
Features: 158m² office
Outcome: sold vacant for $538,000
Agent: David Goodhue

Torbay

967 Beach Rd:
Features: 410m² retail, 4 shops
Outcome: sold for $2.06 million
Agents: Gary Seekup & Bruce Jiao

Wairau Valley

79B Ellice Rd:
Features: industrial building – warehouse 430m², office 586m²
Outcome: tenanted investment sold for $1.988 million
Agent: Josh Warren

North-west

Helensville

83 Mill Rd:
Features: vacant 6162m² site
Outcome: sold for $625,000
Agents: Josh Warren & Chris Peterson

Leases:

North-east

Albany

239 Bush Rd:
Features: 2020m² Industrial building – warehouse 1756m², office 264m²
Rent: $240,000/year
Agents: Chase Erceg & Simon Farland

331 Rosedale Rd, unit A:
Features: 208m² office, 6 parking spaces
Rent: $71,568/year
Agent: Aaron Smith

Rosedale

6 Airborne Rd, unit 20:
Features: 130m² studio warehouse
Rent: $24,000/year
Agent: Elaine Tutty

14 Airborne Rd, unit 16:
Features: 130m² industrial building, 2 parking spaces
Rent: $26,500/year
Agent: Elaine Tutty

18 Airborne Rd, unit 14:
Features: 147m² work & live, 3 parking spaces
Rent: $28,810/year
Agents: Max Andrews & Aaron Smith

5D Apollo Drive:
Features: 78m² office, 2 parking spaces
Rent: $20,000/year
Agents: Max Andrews & Aaron Smith

9 Apollo Drive, unit E:
Features: 120m² office, 4 parking spaces
Rent: $25,800/year
Agents: Aaron Smith & Max Andrews

30 Apollo Drive, unit 14:
Features: 143m² office, 4 parking spaces
Rent: $37,500/year
Agent: Aaron Smith

8B Cebel Place:
Features: 1263m² industrial building – warehouse 912m², office 351m²
Rent: $175,000/year
Agents: Chase Erceg & David Cannon

1 Tarndale Grove:
Features: 153m² office, 4 parking spaces
Rent: $35,000/year
Agents: Aaron Smith, Max Andrews & James Marshall

19E Triton Drive:
Features: 725m² industrial building – warehouse 425m², office 300m²
Rent: $105,000/year
Agents: Josh Warren, Simon Farland & Chase Erceg

27-29 William Pickering Drive, unit B1:
Features: 156m² office, 4 parking spaces
Rent: $39,000/year
Agents: Max Andrews & Aaron Smith

41A William Pickering Drive:
Features: 1903m² industrial building – warehouse 1670m², office 233m², 36 parking spaces
Rent: $244,280/year
Agents: Simon Farland & Chase Erceg

Takapuna

159 Hurstmere Rd, shop D:
Features: 141.28m² retail, 5 parking spaces
Rent: $73,044/year
Agents: Tim Bibby & Nick Brown

424 Lake Rd:
Features: 44m² retail, 2 parking spaces
Rent: $19,500/year
Agent: Nick Brown

495 Lake Rd:
Features: 130m² office
Rent: $38,460.46/year
Agents: Nick Brown & Tim Bibby

1-7 The Strand:
Features: 279.17m² retail, 2 parking spaces
Rent: $116,868/year
Agent: Nick Brown

Wairau Valley

21A Porana Rd:
Features: 1842.8m² industrial building – warehouse 1244.8m², office 598m², 27 parking spaces
Rent: $264,493.72/year
Agent: Simon Farland

North-west

Kumeu

10B Shamrock Drive:
Features: 210m² industrial building – 90m² showroom, 92m² warehouse, 28m² storage, 4 parking spaces
Rent: $22,608/year
Agents: Josh Warren & Chase Erceg

Attribution: Agency release.

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Kumeu building sells at auction

Colliers sold a Kumeu building on a 6.9% yield at auction today.

North-west

Kumeu:

11A Weza Lane:
Features: 559m² industrial building, multiple established tenants including Fletcher Building Ltd subsidiary Mico NZ Ltd
Rent: $86,750/year net
Outcome: sold for $1.255 million at a 6.9% yield
Agents: Sean Finnegan & Greg Goldfinch

Attribution: Auction documents.

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Forte & Galleries apartments sell, beach sites passed in

2 city apartments in Forte & the Galleries (pictured) were sold under the hammer at Bayleys’ auction today, along with a Kumeu lifestyle block and a Wiri warehouse.

A Mt Eden factory turned apartment and 2 beach settlement properties – a Waihi Beach site with consent for 8 apartments and 14.5ha near Hot Water Beach – were passed in.

CBD

Learning Quarter

Forte, 37 Symonds St, unit 202:
Features: 2 bedrooms, east-facing corner unit, deck
Outgoings: rates $1249/year including gst; body corp levy $3473/year
Outcome: sold for $405,000
Agents: Dave Hamlyn & Marcus Fava

Victoria Quarter

The Galleries, 23 Graham St, unit 16:
Features: 147m², 3 bedrooms, 2 bathrooms, study nook, balcony, 2 side-by-side parking spaces
Outgoings: rates $2717/year including gst; body corp levy $9974/year
Outcome: sold for $1.32 million
Agent: Amy Hain

Isthmus west

Mt Eden

2A Carmen Avenue:
Features: ex-sandal factory turned apartment, 4 bedrooms, 3 bathrooms, nursery, study nook, deck, property offered ‘as is’
Outcome: passed in at $1.45 million
Agents: Stewart Morgan & Paul Sissons

North-west

Kumeu

171 Awa Rd:
Features: 4.057ha lifestyle property, 5-bedroom house + minor dwelling
Outcome: sold for $1.6 million
Agent: Bridget Dickson

South

Wiri

5 Mana Place:
Features: 2024m² site, 1251m² building – warehouse 1000m², office 194m², mezzanine 64m², 4 rights of lease renewal through to 2025
Rent: $90,000/year net + gst + opex
Outcome: sold for $1.88 million
Agents: James Hill & Sunil Bhana

South of the Bombays

Bay of Plenty

Waihi Beach, 9 Beach Rd:
Features: 822m² residentially zoned lifestyle section, used as a private holiday park, consented for 8 upmarket apartments, opposite north end beachfront reserve
Outcome: no bid
Agents: Brendon & Lynn Bradley

Coromandel

Hot Water Beach, 1 Orua Lane:
Features: 14.5ha + 3-bedroom house, garage, carport, hay barn
Outcome: passed in at $740,000
Agents: Belinda Sammons & Glenn Tanner

The 14.5ha site at Hot Water Beach.

The 14.5ha site at Hot Water Beach.

Attribution: Auction.

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2 units & 4ha of future urban sell at Bayleys

A Westminster Court apartment and a Ponsonby townhouse (pictured) sold under the hammer at Bayleys’ auction today, but 3 units in the newly converted Hopetoun Residences down from Karangahape Rd went unsold.

The largest of those Hopetoun units was passed in after bidding reached $1.3 million, one of the others didn’t receive a bid and the third had already been withdrawn from the auction.

In contrast, there was strong bidding for 2 Kumeu properties, the larger one in the proposed future urban zone and the other adjoining a proposed special housing area.

The 4ha block was sold at $1 million/ha, while the block of just under 1ha, with a substantial house on it, was passed in.

CBD

Learning Quarter

Westminster Court, 5 Parliament St, unit 4E:
Features: 47m², one bedroom, parking space, storage
Outgoings: rates $1558/year including gst; body corp levy $4138/year
Outcome: sold for $690,000
Agents: Diane Jackson & Julie Prince

Uptown

Hopetoun Residences, 15 Hopetoun St, unit 0H:
Features: 63m², one bedroom, 2.7m stud, balcony, parking space
Outcome: no bid
Agents: Julie Prince & Trent Quinton

Hopetoun Residences, 15 Hopetoun St, unit 1F:
Features: 62m², one bedroom, 2.7m stud, parking space + storage
Outcome: withdrawn from auction
Agents: Julie Prince & Trent Quinton

Hopetoun Residences, 15 Hopetoun St, unit 4A:
Features: 104m², 2 bedrooms, 2 bathrooms, 60m² terrace plus separate deck from both bedrooms, 2 parking spaces
Outgoings: body corp levy $4792/year
Outcome: passed in at $1.3 million
Agents: Harry Cheng & Cheryl Regan

Isthmus west

Ponsonby

7 Sheehan St:
Features: 3-level terrace, 3 bedrooms, 2 bathrooms, tandem garage
Outcome: sold for $875,000
Agent: Karen Spires

North-west

Kumeu

98 Koraha Rd:
Features: 9536m² site next to a proposed special housing area, 2 road frontages, 4-bedroom house
Outcome: passed in at $2.075 million
Agents: Bridget Dickson

343 Matua Rd:
Features: 4.05ha in future urban zone proposed under the proposed Auckland unitary plan, house of 5-6 bedrooms
Outcome: sold for $4 million
Agents: Bridget Dickson & Simon Spiller

Attribution: Auction.

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Updated again: Bayleys auction sales rise to 17

Published 29 October 2015, updated 4 November 2015 and again on 30 November 2015:
Bayleys made it over a 50% clearance rate on Thursday from its commercial auction the day before, and has added 2 more sales this week.

The agency sold 10 properties under the hammer from an auction list of 26, 2 sold prior and has sold 4 post-auction. One property was withdrawn.

By the end of November, sales were up to 17, with another unit in the Harbourside Business Park on Rosebank Rd sold.

The first 2 post-auction sales were an Avondale building and the Edinburgh Castle Hotel (pictured above), and the latest pair are a Whangarei office building and a second Avondale building.

Isthmus east

Grafton

36 Burleigh St:
Features: Modern 280m² tilt-slab warehouse/showroom on a 563m² underutilised mixed-use site with exposure to Mt Eden Rd; tenant Brake & Transmission NZ Ltd has exercised the first of 2 3-year rights of renewal
Rent: $69,500/year net + gst
Outcome: sold for $1.795 million at a 3.9% yield
Agents: James Hill & Sunil Bhana

Meadowbank

135 Meadowbank Rd:
Features: 129m2 site, new 158m2 2-level building, 4 tenants in serviced offices on upper level, hair salon on monthly tenancy on ground floor, 2 parking spaces
Outcome: sold for $750,000 to owner-occupier intending to move into the ground-floor space
Agents: Ed Donald & Sarah Boles

Remuera

30 Remuera Rd:
Features: 74m², retail unit at entrance to the Newmarket train station
Rent: $56,000/year net + gst
Outcome: withdrawn from auction
Agents: Owen Ding & James Chan

Isthmus west

Avondale

527B Rosebank Rd, units 3 & 4:
Features: 444m² building on 444m² site in the Rosebank Business Park, zoned 7A commercial office, 16 parking spaces; tenant on newly renewed lease of 6 years from 1 September
Rent: $110,450/year + gst + opex
Outcome: passed in at $1.55 million
Agents: Laurie Bell & Grant Miller

483 Rosebank Rd, unit A.

483 Rosebank Rd, unit A.

Updated: 483 Rosebank Rd, unit A:
Features: modern 474m2 2-level showroom office building in Harbourside Business Park, 20 parking spaces
Outcome: passed in at $900,000, sold vacant post-auction for $1 million
Agents: James Appleby & Mike Adams

Updated: 483 Rosebank Rd, unit B:
Features: 734m² – 367m² warehouse, 367m² office & amenities, 16 parking spaces
Rent: vacant
Outcome: passed in at $1 million, sold post-auction for $1.4 million
Agents: James Appleby & Mike Adams

Updated: 483 Rosebank Rd, unit C:
Features: 800m² unit – 400m² warehouse 400m² office, 18 parking spaces; upstairs office provides holding income from short-term lease
Outcome: passed in at $1.1 million, sold post-auction for $1.4 million
Agents: James Appleby & Mike Adams

Eden Terrace

215 Symonds St:
Features: 150-year-old Edinburgh Castle Hotel on 571m² mixed use-zoned site on corner of Newton Rd; New Skyworld Bar & Hotel Ltd, which exercised the first of 4 3-year rights of renewal in July, operates a sports bar on the ground floor, residential accommodation above
Rent: $145,000/year net + gst
Outcome: passed in at $2.25 million, sold post-auction for $2.49 million at a yield of 5.8%
Agents: Cameron Melhuish & Andrew Wallace

Mt Eden

131 Mt Eden Rd.

131 Mt Eden Rd.

131 Mt Eden Rd:
Features: 507m² character building on high profile 341m² corner site, lease on 116m2, but 253mground floor & 138m2 level 1 areas vacant
Rent: $35,000/year net + gst
Outcome: sold for $1.34 million
Agents: Phil Haydock & Jean-Paul Smith

Mt Roskill

164 Stoddard Rd:
Features: 715m² 2-level building on 933m² site, multiple retail tenants
Rent: $133,000/year net + gst
Outcome: sold prior for undisclosed price
Agents: Tony Chaudhary & Janak Darji

North

Oakura

45 Ohawini Rd:
Features: 59.8ha freehold waterfront site, the Whangaruru Beachfront Camp up east coast from Whangarei
Outcome: no bid
Agents: Ross Blomfield

Warkworth

Moir Hill & Matthew Rd:
Features: 320ha ex-forestry block in 4 titles, including 43.6ha of native bush, several kilometres of metal roads, 9km from Warkworth
Outcome: sold for $811,000
Agents: Duncan Napier & Dianna Coman

Whangarei

111-113 Bank St:
Features: 2072m² corner site, 2-level 1782m² office building, seismic rating 80% new building standard, 34 parking spaces, multi-tenanted & fully leased
Rent: $324,944/year net + gst + opex
Outcome: passed in at $3.925 million, sold post-auction for $4.21 million at a 7.7% yield
Agents: Ross Blomfield

North-east

Rosedale

7D Douglas Alexander Parade:
Features: 407m2 high stud warehouse, office & showroom, 8 parking spaces
Outcome: sold vacant for $920,000
Agents: Laurie Burt & Ashton Geissler

331 Rosedale Rd, unit 8B:
Features: 159m² floor area, tenant Moustache Republic Ltd on 2-year lease with 2 2-year rights of renewal
Rent: $43,966/year net + gst + opex
Outcome: sold for $635,000
Agents: Alex Strever & Dean Gilbert-Smith

3 Tarndale Grove:
Features: 1258m² site, 2 warehouse units with total 890m² floor area
Outcome: no bid except for vendor bid at $1.5 million
Agents: Matt Mimmack & Ranjan Unka

Wairau Valley

18 Link Drive, unit P(16):
Features: 668m² floor area, 13 parking spaces
Rent: $113,051/year net + gst + opex
Outcome: passed in at $1.15 million
Agents: Trevor Duffin & Tonia Robertson

41-53 View Rd, unit K:
Features: 597m2 industrial building, mix of warehousing with multiple roller doors and office/showroom
Outcome: sold vacant for $960,000
Agents: Mike Adams & Trevor Duffin

North-west

Helensville

84 Commercial Rd:
Features: 293m² mainstreet site, vacant 211m² ex-Video Ezy shop
Outcome: no bid except for vendor bid at $250,000
Agents: Grant Miller & Laurie Bell

Kumeu

7 Shamrock Drive:
Features: vacant 876m² warehouse & office, 10 parking spaces
Outcome: passed in at $1.254 million
Agents: Rosemary Wakeman & Ashton Geissler

New Lynn

18 Clark St, unit G:
Features: 204m2 retail outlet with cafe tenant
Rent: $28,000/year net + gst
Outcome: sold for $605,000 at a 4.6% yield
Agents: Grant Miller & Laurie Bell

South

Airport Oaks

24 Rennie Drive, Mangere.

24 Rennie Drive, Mangere.

24 Rennie Drive:
Features: 750m2 standalone warehouse plus 160m2 first-floor office, A+ seismic rating assessment; 6-year lease to government tenant from 2014 with 2 3-year rights of renewal
Rent: $101,000/year net + gst
Outcome: sold for $1.9 million at a 5.3% yield
Agents: Marty Roestenburg

Papakura

80-82 Great South Rd:
Features: 320m2 Wendy’s restaurant on 20-year lease to Wendco (NZ) Ltd from 2000 & no right of renewal; large site in 2 titles of 1037m² & 1080m2 with metropolitan centre zoning under proposed unitary plan
Rent: $160,578/year net + gst
Outcome: sold for $2.803 million at a 5.7% yield
Agents: Eddie Zhong & Damian Stephen

55 Hunua Rd:
Features: vacant 4057m² site, trucking facility with modern workshop & mechanics’ pit, air-conditioned offices, 492m² of building
Outcome: passed in at $1.15 million
Agents: Shane Snijder & Peter Migounoff

Tuakau

143 Bollard Rd:
Features: 2094m2 site with main road frontage & light Industrial zoning plus holding income from 3-bedroon 90m2 house
Rental appraisal: $380/week net + gst
Outcome: sold prior for $517,500 including gst
Agents: Graeme Moore

Attribution: Auction.

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