292-300 K Rd

Newton PO building among 6 sales

The former Newton Post Office building on Karangahape Rd, home to the Artspace NZ gallery, is among 6 sales by Bayleys agents at the top of the cbd and in Mt Eden, Newmarket & Parnell.



292-300 Karangahape Rd:
Features: 934msite zoned city centre on corner of East St, 2-level 1288mformer Newton Post Office building, designed in the early 1970s by architect Ron Sang, seismic assessment 71% new building standard; partially leased to 2 tenants plus 422mof vacant ground level & basement space formerly occupied by NZ Post
Rent: $136,009/year net + gst
Outcome: sold for $6.05 million
Agents: Alan Haydock & Cameron Melhuish

Isthmus east


Rialto Shopping Centre, 153 Broadway, unit 5N:
Features: 38m2 retail premises on level 2
Outcome: sold vacant for $149,000
Agents: Beterly Pan & Nicolas Ching


15 Bath St:
Features: 375mcorner site zoned mixed use (height limit 21m), 538m3-level commercial building constructed in the early 1980s providing showroom & office, basement parking for 13 cars; seismic assessment 100% new building standard, fully leased to 2 tenants
Rent: $224,657/year net + gst
Outcome: sold for $4.35 million at a 5.16% yield
Agents: Alan Haydock & Damien Bullick

Isthmus west

Mt Eden

Zone 23, 23 Edwin St, unit  G11:
Features: 169mground floor office unit, streetfront profile, 5 parking spaces
Outcome: sold vacant for $1.1 million
Agents: James Were & Scott Kirk

40 George St:
Features: 446msite zoned mixed use, 716m1980s building offering a combination of warehouse,showroom & office plus a 2-bedroom apartment; partly leased for a further 2 years with no renewal rights
Rent: $40,365/year net + gst
Outcome: sold for $2.75 million
Agents: Scott Kirk, James Were & Genevieve Thompson-Ford

471 Mt Eden Rd:
Features: 273mcorner site zoned mixed use, 113.5m² single-level retail premises, 6 parking spaces; short-term tenancy to a furniture store provides holding income 
Outcome: sold for $2.1 million
Agents: Tony Chaudhary, Janak Darji, Amy Weng & Phil  Haydock

Attribution: Agency release.

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