The historic St John’s Church on Ponsonby Rd is among 3 property sales reported by Bayleys this week. A Wakefield St site in the central city and an Albany office have also been sold.
71-73 Wakefield St:
Features: 319m² corner site, city centre zone – 585m² 2-level premises previously used as car workshop, seismic assessment 24% of new building standard, development potential
Outcome: sold for $3 million
Agents: Alan Haydock, Sunil Bhana & Damien Bullick
229A Ponsonby Rd:
Features: 2462m² rectangular site, dual frontage to Arthur St, rear is in single house residential zone, front zoned town centre, 138-year-old 300m² St John’s Methodist Church has historic place category B classification, 2 adjoining buildings – 340m² extension added in 1977, 600m² concrete block added in 1989, 25 parking spaces, vacant
Outcome: sold for a confidential amount
Agents: Alan Haydock & Damien Bullick
100 Bush Rd, unit E:
Features: 162m² ground floor office, built 1999, air-conditioned, open plan/partitioned work areas, 5 parking spaces, new 3-year lease to chartered accountants Hart & Co North Shore
Rent: $48,724/year net + gst
Outcome: sold for $720,000 at a 6.77% yield
Agents: Matt Mimmack, Michael Nees & Dean Gilbert-Smith
Attribution: Agency release.