Tag Archives | Remuera

Kohi townhouse sells at auction

A large Kohimarama townhouse (pictured), one back from Tamaki Drive, sold at Bayleys’ Remuera branch auction today, but the only bid for a Parnell studio was from the vendor and a unit in the new St Marks apartment block in Remuera attracted no bid.

Isthmus east

Eastern bays – Kohimarama

20A Eltham Rd:
Features: 259m² site, 229m² floor area, 3-level 3-bedroom townhouse, 2 living rooms, 3 bathrooms, 2 parking spaces, balcony, patio, roof garden, self-contained living at entry level giving guests independence
Outgoings: rates $5239/year including gst; no body corp fees
Outcome: sold for $2.715 million
Agents: Gary & Vicki Wallace

Parnell

258 Parnell Rd, unit 43:
Features: studio, parking space
Outcome: passed in after sole bid from vendor at $550,000
Agent: Trisha Vincent

10 Ruskin St, unit 3C:
Features: 2-level penthouse, 3 bedrooms, 2 bathrooms, balconies, 2 basement parking spaces
Outcome: auction postponed
Agent: Jiali Liu

Remuera

St Marks, 10 St Marks Rd, unit MAC 101:
Features: 3 bedrooms, 2 bathrooms, 2.9m stud, 2 basement parking spaces
Outcome: no bid
Agents: Karen Spires & Trisha Vincent

Attribution: Auction documents.

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Apartment & townhouse sell, 4 more passed in

Bayleys sold an apartment & a townhouse at its auctions around Auckland last week, and 4 were passed in. The auction of another townhouse was postponed.

Isthmus east

Parnell

18 Brighton Rd, unit 1:
Features: 3-bedroom townhouse, 2 living rooms, 2 bathrooms, deck, parking space, designed by Marshall Cook
Outcome: passed in
Agent: Fleur Denning

Avoncourt, 57 Gladstone Rd, unit 1:
Features: half the top floor, 2 bedrooms, office, 2 living rooms, parking space, lift from carpark
Outcome: sold for $1.64 million
Agent: Fleur Denning

25 Windsor St, unit 4:
Features: 4-bedroom townhouse, 2 living rooms, 2 bathrooms, garage + parking space
Outcome: auction postponed
Agent: Fleur Denning

Remuera

Norfolk Manor, 2 Bassett Rd, unit 7:
Features: 199m² + balconies, terrace, 4-bedroom apartment, 2 living rooms, 2 bathrooms, 2-car basement parking, storage locker
Outgoings: rates $5412/year including gst
Outcome: passed in, back on the market at $2.347 million
Agent: Paul Sissons

Royal Oak

13 Turama Rd, unit 1:
Features: 3-bedroom townhouse, 2 bathrooms, study, 2 parking spaces
Outcome: sold for $1.145 million
Agent: Andrew Rumbles

North-east

Albany

22 Library Lane, unit 7-6-11:
Features: 46.7m² + 4.9m² balcony, one-bedroom apartment completed in September, parking space
Outcome: passed in, back on market at $508,000
Agents: Tina Tang & Ansen Huang

South

Pakuranga

40 Latham Avenue, unit 5:
Features: 2-bedroom unit, carport
Outcome: passed in, back on market at $589,000
Agents: Galina & John Shutkowski

Attribution: Agency release.

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Hotel suite & Statesman unit sell

A hotel suite in the Amora and one of 2 apartments in the Statesman (pictured) were sold at City Sales’ auction yesterday.

The second Statesman apartment and a new unit in the Victoria Residences opposite the SkyCity casino were under negotiation post-auction.

A unit in Imperial Gardens, where remediation works are pending and a Remuera townhouse were passed in.

CBD

Learning Quarter

The Statesman, 1 Parliament St, unit G08:
Features: 80m² + deck, refurbished 2 bedrooms, 2 bathrooms, parking space
Outgoings: rates $2118/year including gst; body corp levy $5209/year
Outcome: passed in after GAVL online bid, under negotiation post-auction
Agent: Scott Dunn

The Statesman, 1 Parliament St, unit 307:
Features: 57m², 2 bedrooms, potential to lease parking long-term
Outgoings: rates $1691/year including gst; body corp levy $3691/year
Outcome: sold vacant for $572,000
Agent: Scott Dunn

Uptown

Amora, 100 Greys Ave, unit 6J (door 610):
Features: 33m², fully furnished studio, deck
Outgoings: rates $4000/year including gst, paid by hotel
Outcome: sold for $225,000 at short-notice auction (zero-rated for gst – in hotel lease expiring in 2021)
Agent: Dahui Chen

Victoria Quarter

Imperial Gardens, 135 Hobson St, unit 701:
Features: 3 bedrooms, 2 bathrooms, 2 parking spaces
Outgoings: rates $1420/year including gst; remediation imminent
Outcome: passed in
Agent: Haytham Nasr

Victoria St

Victoria Residences, 75 Victoria St, unit 1304:
Features: 62m² + 8m² deck, 2 bedrooms, 2 bathrooms
Outgoings: rates $1982/year including gst; body corp levy $4353/year
Income assessment: $800/week
Outcome: passed in at $840,000, under negotiation post-auction
Agents: Maggie Sun & Scott Dunn

Isthmus east

Remuera

7 Haast St, unit 2:
Features: cross-lease, half share in 625m², 3-bedroom townhouse, 2 covered parking spaces
Outgoings: rates $2885/year including gst
Outcome: passed in
Agent: Haytham Nasr

Attribution: Agency release.

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Remuera & Mt Albert units sell at auctions

An apartment in a gated Remuera development and a Mt Albert unit sold at Bayleys auctions last week. Another 3 units and a Karaka lifestyle or development block were passed in.

CBD

Federal St

The Federal, 207 Federal St, unit 1008:
Features: 2-bedroom apartment
Outgoings: rates $1575/year including gst
Outcome: passed in, back on market at $569,000
Agents: Lucy Piatov & Chris Bell

Isthmus east

Remuera

3 Laxon Terrace, apartment O:
Features: 71m², 2-level townhouse in secure gated development, 2 bedrooms, deck & balcony, double garage
Outgoings: rates $2014/year including gst; body corp levy $2272/year after early payment discount
Outcome: sold for $830,000
Agents: Paul Sissons & Harry Cheng

Broadway Park, Ascot, 8 Middleton Rd, unit G02:
Features: 142m² apartment in pet-friendly complex, 2 bedrooms, 2 bathrooms, secure basement parking space
Outgoings: rates $3355/year including gst; body corp levies $6152/year (Broadway), $2206/year (Ascot)
Outcome: passed in
Agent: Paul Sissons

Isthmus west

Mt Albert

69F Woodward Rd:
Features: 2-bedroom 1970s solid concrete, ground-floor end unit, garden, 2 parking spaces
Outcome: sold for $581,000
Agents: Clive Lay & Kalala Bowden

North-east

Milford

2 Argyle Terrace, unit 4:
Features: 2 bedrooms, garage + second parking space
Outcome: passed in
Agent: Joan Barton

South

Karaka

75 Whangapouri Rd:
Features: 9.5ha site fenced into 7 paddocks, in area of lifestyle homes & new subdivisions
Outcome: passed in
Agents: Shane Snijder, Kristina Liu & Peter Sullivan

Attribution: Agency release.

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Apartment & 2 townhouses sell

A central city apartment & 2 townhouses in Freemans Bay (view from unit pictured above) & Remuera were sold at Bayleys auctions this week.

CBD

Learning Quarter

18 Wakefield St, unit 6D:
Features: 98m², 2 bedrooms, deck, parking space
Outgoings: rates $1734/year including gst; body corp levy $4664/year
Outcome: sold for $817,000
Agent: Jenny Kek

Uptown

Eclipse, 156 Vincent St, unit 13H:
Features: 41m², fully furnished sub-penthouse one-bedroom apartment
Outgoings: rates $1323/year including gst
Outcome: passed in, back on market at $390,000
Agents: Chris Bell & Lucy Piatov

Isthmus east

Remuera

17 Wimbledon Way:
Features: 3 bedroom townhouse, 2 living rooms, conservatory, 8m² shed, 2 parking spaces, garden, back gate to Regents Park
Outcome: sold for $1.03 million
Agents: Kim Hampson

Isthmus west

Freemans Bay

2 Collingwood St, unit 4:
Features: 3-level townhouse, 2 bedrooms, 2 bathrooms, decks, double internal-access garage
Outcome: sold for $1.365 million
Agent: Blair Haddow

Attribution: Agency release.

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3 sold in focus on cross-leases

7 of the 11 homes auctioned at Barfoot & Thompson’s city office yesterday afternoon were cross-leases, and 3 sold.

Also up for auction were a townhouse not on a cross-lease, an apartment & 2 standalone houses, all passed in.

A Newmarket apartment auctioned in the morning didn’t attract a bid.

The brick-&-tile sausage block is the standard from the past and they’re generally holding buyer interest, though the one in the photo above, in Mt Albert, didn’t attract a bid. Recent indications from the auctionrooms are that owners of suburban units & cross-leased homes, having gone to market, are resisting price reductions.

Isthmus east

Greenlane

93 Wheturangi Rd, unit 2:
Features: cross-lease, 1/5 share in 1942m², 2-bedroom unit, study, conservatory, garage
Outcome: sold for $1.057 million
Agents: Wendy Sadd & Helen Lam

Mt Wellington

36 Panama Rd, unit 1:
Features: cross-lease, ¼ share in 1232m², 2-bedroom unit, garage
Outcome: no bid
Agent: Paula Boontueng

Newmarket

Queen’s Lodge, 176 Broadway, unit C308:
Features: 64m², 2-bedroom apartment, 2 ensuites, secure covered parking space
Outgoings: body corp levy $2144/year for unit, $415/year for parking
Income assessment: $650-680/week
Outcome: no bid, back on market at $658,000
Agents: Selina Zheng & Tommy Zhang

Onehunga

49 Namata Rd, unit 2:
Features: cross-lease, 1/3 share in 895m², 2-bedroom unit – double-glazed, insulated, rewired; carport
Outcome: sold for $750,000
Agent: Kelly Fan

Remuera

17A Armadale Rd:
Features: cross-lease, 1/3 share in 858m², 3 bedrooms, 2 bathrooms, carport
Outcome: passed in at $1,281,500
Agents: Wayne Guo & Coco Wang

Isthmus west

Mt Albert

8 Counsel Terrace, unit 3:
Features: cross-lease, 1/6 share in 1315m², one-bedroom unit
Outcome: no bid, back on the market at $610,000
Agents: Wayne Guo & Zoe Zhang

Mt Eden

145 Mt Eden Rd, unit 10:
Features: 2-bedroom apartment, parking space
Outgoings: body corp levy $4343/year
Outcome: passed in at $820,000
Agent: Mozhgan Bahrami

573C Mt Eden Rd:
Features: 209m², 4-bedroom townhouse, 3 bathrooms, double garage
Outcome: passed in at $1.55 million
Agents: Ricky Fan & Joyce Gu

Mt Roskill

98 Melrose Rd, unit 4:
Features: cross-lease, ¼ share in 1378m², 75m² 2-bedroom unit, parking space
Outcome: passed in at $560,000
Agents: Michael Zhang & Debbie-Lee Wallace

North-west

New Lynn

1 Riverview Rd, unit 1:
Features: cross-lease, half share in 1042m², 180m² 3-bedroom unit, 2 bathrooms, double garage
Outcome: sold for $907,500 at auction brought forward
Agents: Anna Lechtchinski & Alex Wu

Attribution: Auction.

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4 suburban units & Connaught studio sell

4 suburban units and a studio in the Connaught apartment building were sold at Barfoot & Thompson’s city residential auctions on Wednesday, out of 19 homes offered.

CBD

Learning Quarter

Connaught, 14 Waterloo Quadrant, unit 8H:
Features: 32m² studio apartment, balcony, storage locker
Outgoings: rates $1279/year including gst; body corp levy $2835/year
Outcome: sold for $375,000
Agents: Marie Lambert & Ann Mushet

7E Whitaker Place:
Features: 2-bedroom apartment, 2 parking spaces
Outcome: withdrawn from auction
Agents: Ketiesha Elliott & Frank Excell

Isthmus east

Kohimarama

22 Speight Rd, unit 3:
Features: cross-lease, ¼ share in 890m², 2-bedroom apartment
Outcome: passed in at $1.29 million, sold immediately post-auction for $1.38 million
Agents: Julie Kennedy & Chrissie Baker

Onehunga

Norfolk Rise, 110M Grey St:
Features: 3-bedroom townhouse, garden shed, tandem carport
Outcome: sold for $842,000
Agent: Dee Brennan

112C Victoria St:
Features: 219m² section, 3-bedroom unit, study, 2 bathrooms, internal garage
Outcome: sold for $1.06 million
Agents: Ian Thornhill & Frances Li

Remuera

19 Upland Rd, unit 1:
Features: cross-lease, 1/3 share in 1009m², 3-bedroom townhouse, 2 bathrooms, office, double internal-access garage
Outcome: passed in at $1.35 million
Agent: Alex Baker

St Heliers

69A St Heliers Bay Rd:
Features: cross-lease, half share in 738m², 3 bedrooms, 2 bathrooms, garage converted to office, carport
Outcome: no bid, back on the market at $1.595 million
Agent: Margot Torrance

Isthmus west

Lynfield

172 Halsey Drive:
Features: cross-lease, half share in 716m², 2-bedroom unit, carport, storage shed
Outcome: sold for $613,500
Agents: Grant & Moira Marshall

Sandringham

40 Leslie Avenue, unit 3:
Features: cross-lease, 1/3 share in 634m², 2-bedroom unit, garage
Outcome: passed in at $639,000
Agents: Carl & Roseanne Madsen

North-west

Te Atatu Peninsula

6 Noall St, unit 1:
Features: 2-bedroom unit, garage
Outgoings: body corp levy nil
Outcome: passed in at $500,000
Agents: Carl & Roseanne Madsen

Attribution: Auctions.

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4 intensive residential sales at week’s auctions

10 intensive properties – apartments, suburban units and one property with consent for 4 terraced houses – were auctioned at Barfoot & Thompson’s city office this week, and 4 sold.

That picture, after a more successful auction on Thursday afternoon than many recently, compares to the state of play at close on Wednesday: 6 auctioned, 2 sold.

The greater success rate followed Thursday afternoon’s auction of 11 residential properties (including standalone houses), of which 7 sold, including 2 of the 3 suburban units.

CBD

Uptown

Harbour Green, 11 Union St, unit 711:
Features: 2-bedroom apartment, deck, basement parking space
Outcome: passed in, back on market at $415,000
Agents: Wendy Feng & Jack Li

Isthmus east

Newmarket

176 Broadway, unit B502:
Features: 63m², 2-bedroom apartment, 2 bathrooms, secure parking space
Outcome: passed in
Agent: Peter Wu

Onehunga

Norfolk Rise, 110D Grey St:
Features: 3-bedroom unit, carport
Outcome: passed in at $804,000
Agent: Digna Clark

15 Heretaunga Avenue, unit 1:
Features: 2-bedroom unit, 2 garden sheds, carport
Outcome: sold for $683,000
Agent: Kevin Liu

Remuera

Park Crest, 524 Remuera Rd, unit 10B:
Features: 2-bedroom apartment, 2 bathrooms, balcony, 2 parking spaces, storage locker
Outgoings: estimated body corp levy for 2019 $12,374/year
Outcome: no bid, back on market at $1.495 million
Agents: Andrew Tills & Anne Bruford

705 Remuera Rd, unit 1D:
Features: 3-bedroom apartment, 2 bathrooms, terrace, 2 secure basement parking spaces, storage locker
Outcome: no bid, back on market at $1.698 million
Agents: Leila & David MacDonald

Royal Oak

44 Korma Rd, unit 2:
Features: about 66m² internal, 2-bedroom unit, large deck, carport, garden shed; 13.4m² container-studio outside provides options for officer or storage
Outcome: sold for $690,000
Agent: Justin Coleman

Isthmus west

Avondale

19A & B Holly St:
19A features: 89m² unit, 3 bedrooms, balcony, private & secure courtyard, carport, storage
19B features: refurbished 2 bedrooms, balcony, carport
Outcomes: no bid on the 2 together; 19A was then sold for $596,000; there was no bid on 19B on its own and it’s back on the market at $550,000
Agents: Jason Tsang & Ian Yu

North-west

Te Atatu South

6 Milich Terrace:
Features: 809m² section, 3-bedroom house, garage; resource consent granted for 4 terraced houses with study & double internal-access garages
Outcome: sold for $730,000 at mortgagee auction
Agent: Philip Davis

Attribution: Auctions.

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Distinctive Endymion & North apartments ignored as 4 other units sell

2 cross-leases & 2 suburban units were sold at Barfoot & Thompson’s residential auction at its city office yesterday, out of 10 intensive residential properties on offer. A terrace at Flat Bush was sold at pre-auction today.

Among the 6 passed in today, 2 of the more distinctive offerings attracted no bid – an apartment in the 60-year-old Endymion in Remuera and another in the brand-new North apartments on the Great North Rd ridge in Grey Lynn, which was taken to auction by developer David Southcombe.

Isthmus east

Epsom      

10 Empire Rd, flat 2:
Features: cross-lease, half share in 826m², 3-bedroom unit, 2 bathrooms, internal-access garage
Outcome: sold for $1.65 million
Agent: Sylvia Lu

Remuera

The Endymion on Remuera Rd.

Endymion, 90 Remuera Rd, unit 1:
Features: cross-lease, 1/24 share in 2139m², 87m² one-bedroom ground-floor apartment, sunroom, carport
Outcome: no bid
Agents: Maree Currie & Paul Robertson

Isthmus west

Grey Lynn

1A Dryden St, unit 5:
Features: one-bedroom unit, 40m² roof terrace, parking space
Outgoings: body corp levy $4534/year
Outcome: no bid
Agent: Susie Calderwood

North Apartments, 1 Turakina St, unit 1:
Features: new 2-level 3-bedroom apartment, 2 bathrooms, terrace, 2 secure basement parking spaces, storage locker
Outgoings: body corp levy $6548/year
Outcome: no bid
Agents: Ryan Harding & Louise Stringer

35 Turakina St, unit 9:
Features: 78m², 2-bedroom unit, deck, parking space
Outgoings: body corp levy $2927/year
Outcome: sold for $645,000
Agent: Felicity Scott

Mt Eden

6 Fairview Rd, flat 6:
Features: cross-lease, 1/6 share in 1006m², 97m² 2-bedroom unit, balcony, parking space
Outcome: sold for $790,000
Agents: Derek Helliwell & Cathy Giles

53 Grange Rd, unit 7:
Features: one-bedroom ground-floor unit in need of renovation
Outcome: sold for $575,000
Agents: Ketiesha Elliott & Frank Excell

705 Mt Eden Rd:
Features: cross-leased townhouse, 1/3 share in 907m², 4 bedrooms, 2 bathrooms, garage
Outcome: passed in at $1.1 million
Agents: George Fong & Amy Xiong

North-east

Torbay

21B Carlisle Rd:
Features: cross-lease, half share in 1012m², 3-bedroom house, internal-access garage
Outcome: passed in at $905,000
Agent: Susie Calderwood

North-west

Hobsonville

1 Settlers Avenue:
Features: 136m² section, 2-storey corner 4-bedroom terrace on own title, 2 bathrooms, garage
Outcome: passed in at $850,000
Agents: Emily Huang & Jonathan White

South

Flat Bush

The terrace at 56 Norwood Drive, Flat Bush (outlined).

56 Norwood Drive:
Features: 59m² section footprint, about 128m² on 4 levels including stairs & garage, 3-bedroom terrace, 2 bathrooms, high stud ceiling up to 4.4m, tandem parking in internal-access garage, still under 10-year master builder warranty
Outcome: sold at pre-auction for $750,000
Agents: Michelle Wang & Seth Dong

Attribution: Auctions.

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Fringe buildings sell on sub-5% yields

A Drake St building (pictured), above the Victoria Park Market, which has gone through 2 conversions is one of 3 city fringe buildings sold by Bayleys agents, 2 of them on sub-5% yields.

A retail & residential building across the road from Grafton Bridge & Auckland Hospital and a renovated building in Remuera’s Upland Village have also been sold.

CBD

Victoria Quarter

20 Drake St:
Features: 240m² site zoned city centre, 461m² refurbished, upgraded & seismically strengthened former warehouse, also previously an apartment; 2 levels plus a mezzanine of character commercial accommodation, 4 secure internal parking spaces at ground level; 9-year lease from January 2017 to film & animation production company Assembly Creative Ltd, lease break clause from January 2020 with 6 months’ notice
Rent: $228,437/year net + gst
Outcome: sold for $5.425 million at a 4.21% yield
Agents: Alan Haydock & Damien Bullick

Isthmus east

Grafton

1-9 Park Rd:
Features: 1068m² corner site at Grafton Rd intersection and opposite Auckland Hospital; 3-level 1096m² character commercial & residential building, 3 ground-floor retail tenancies & 19 residential tenancies above, on periodic lease terms comprising studio, 1- & 2-bedroom flats, rented for $280-$450/week
Rent: about $313,300/year gross from residential component & $105,763/year net from commercial tenancies
Outcome: sold for $6 million
Agents: Mike Adams & Phil Haydock

Remuera

571 Remuera Rd:
Features: 157m² site in Upland Village zoned neighbourhood centre, recently renovated 138m² 2-level character building, fully leased to a café with 2-bedroom residence above
Rent: $50,000/year net + gst, fixed 3%/year rental increases
Outcome: sold for $1.11 million at a 4.5% yield
Agents: Andrew Wallace & Cameron Melhuish

Attribution: Agency release.

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