Tag Archives | slider

Argosy sells in Hastings & Palmerston North, buys Turners site

Argosy Property Ltd has sold 2 properties in Hastings & Palmerston North, reducing assets outside its core Auckland & Wellington markets to 3, and it’s added an industrial yard in Wiri (outlined in picture above) to the Auckland portfolio.

Transactions:

  • Hastings, 1478 Omahu Rd, sold for $10.2 million, a 12% premium over book value, settlement scheduled for March 2019
  • Palmerston North, 31 El Prado Drive, sold for $35.5 million, a 25% premium over book value, settlement scheduled for December
  • Wiri, 133 Roscommon Rd, 15,838m² industrial yard leased to NZX-listed Turners Automotive Group Ltd, acquired in September for $8.6 million; the 15-year lease provides a holding return of $430,000/year net + gst (5% yield) with fixed reviews of 2.5%/year and a market review in year 6.

Argosy chief executive Peter Mence said of the Turners deal: “We are pleased to have commenced what we envisage to be a mutually beneficial long-term relationship with an organisation that has a significant real estate footprint across New Zealand.”

Turners uses this property to store damaged & end-of-life cars. It also owns a large site at 160 Roscommon Rd, used for trucks & machinery.

Attribution: Argosy release.

Continue Reading

Perspective apartment sells post-auction

An apartment in Perspective on College Hill (pictured above) was sold shortly after today’s auction at City Sales. 3 other units – one cross-leased, one on Ngati Whatua leasehold and an apartment in the 2-year-old Urba off Karangahape Rd – were all passed in.

CBD

Learning Quarter

Century on Anzac, 100 Anzac Avenue:
Features: 2 bedrooms, 2 bathrooms, parking space
Outcome: auction postponed
Agents: Grant Elliott & Tony Kelly

Quay Park

30 Cotesmore Way:
Features: 115m², 3 bedrooms, 2 bathrooms, deck, tandem garage; code compliance certificate issued in 2015 after complete reclad & roof reconstruction
Outgoings: rates $2195/year including gst; body corp operational levy $3224/year including gst, ground lease $17,500/year, new Ngati Whatua o Orakei Trust ground lease will date from 2 August but hasn’t been agreed yet
Income assessment: $775/week
Outcome: no bid
Agents: Maryanne Wong & Scott Dunn

Uptown

Urba, 5 Howe St, unit 615:
Features: 42m², one bedroom + flexi-room, deck
Outgoings: rates $1398/year including gst; body corp levy $3933/year including gst
Income assessment: $490/week, fixed until May 2019
Outcome: passed in at $300,000
Agents: Trisha Shanaghan & Gus Argyle

Isthmus west

College Hill

Perspective, 28 College Hill, unit 425:
Features: 140m², 2 bedrooms, 2 bathrooms, deck, 2 parking spaces, storage locker
Outgoings: rates $3123/year including gst; body corp levy $11,040/year including gst
Outcome: passed in at $1.3 million, sold post-auction, price undisclosed
Agent: Scott Dunn

Mt Eden

Grange Hall, 492 Mt Eden Rd, unit 3:
Features: cross-lease, 1/7 share in 1039m², 70m² unit, 2 bedrooms, garage with workspace, offstreet parking
Outgoings: rates $2207/year including gst
Outcome: passed in at $710,000
Agents: Grant Elliott & Tony Kelly

Attribution: Auction.

Continue Reading

Tank to solve western isthmus overflows approved, round 2 begins Friday

Objectors to a stormwater & sewage holding tank to be built under expensive houses along the St Marys Bay ridge overlooking the Westhaven marina had their complaints rejected by a hearing panel last Friday, but a council committee will be back to hear them again this Friday.

Auckland Council’s regulatory committee has called a special meeting to hear objections, and to rule on them in a confidential session the same day.

As with the original hearing decision, the recommendation before the committee is to proceed with the project.

At stake is a $30 million-plus project designed to reduce – close to zero – the frequency of sewage spills into the Waitemata Harbour.

At stake from the property owners’ points of view are:

  • Loss of property value through potential development restriction
  • Extreme, unavoidable stench through vents
  • Concerns about cliff stability
  • Construction impacts, including the fear that the foundations of old houses along the route will be disturbed, and

On top of those questions is the issue of separation of storm- & wastewater – required of property owners in this area for the last 20 years when renovating, altering or redeveloping their properties, only to become mixed again at the gate.

Mr Hill commented on separation in the panel decision: “While we might accept the sincerity of the applicant’s (the council’s) assurance that this proposal is a stepping stone to that eventual outcome, the political history of this issue, as amply demonstrated by the submitters, gives no such assurance.”

Against the council desire to move forward with this project now, submitters also suggested further review, including alternatives, benefits & costs, ought to be undertaken.

However, Mr Hill said the panel had no lawful basis for requiring the application to be suspended for further analysis.

The objective of healthy waters

Auckland Council renamed & refocused its stormwater department, calling it the Healthy Waters department (Wai Ora – Healthy Waterways), in a bid to – at long last – rid the western isthmus in particular of the extremely frequent overflows arising when a deluge of rain hits the dual-purpose sewage & stormwater drains.

For years, local body politicians have fallen short of meeting the dirty-water challenge, limiting the budget and thereby ensuring the certainty of continuing spills by not separating sewage from stormwater.

But councils are now required to abide by the 2014 national policy statement for freshwater management in full by the end of 2025.

In Auckland, the Western Isthmus Water Quality Improvement Work Programme is the largest workstream funded through the targeted rate. Its aim is to progressively reduce overflows into the Waitemata Harbour from hundreds of events to 6 or fewer/outfall/year.

Auckland Council figured, at the end of 2015, it couldn’t meet the national policy statement conditions then, and set about establishing programmes last year so it could meet the policy.

Analysing the watersheds

The council has divided Auckland into 10 watersheds, where water drains to a stream, or ultimately to the harbour or open sea, and has drawn up this staged approach:

  1. Mapping the current state & key issues for each watershed
  2. Determining how to achieve the objectives & consulting the community, and
  3. Developing action plans to meet objectives, limits & targets set in collaboration with key stakeholders.

According to the outline on the council website, the third of those stages should be reached by 2020.

The hearing on the St Marys Bay project was held in September, with a final day in late October, and the hearing panel issued its decision on Friday 9 November. The panel was chaired by David Hill with panellists Mark Farnsworth, Dr Sharon De Luca & Nigel Mark-Brown.

Part of the wider western isthmus programme

The project is part of the wider St Marys Bay improvement programme which aims to improve water quality within St Marys Bay. It’s also part of the western isthmus water quality improvement programme for the wider combined sewer network catchment area, and it’s been designed to integrate with all potential long-term options to improve the network without constraining finalisation of a preferred solution.

It involves reconfiguring the Healthy Waters stormwater network, which is also used by the council-controlled Watercare Services Ltd as a means of safely conveying overflow discharges from 5 engineered overflow points in the combined sewer network, returning these overflows back into Watercare’s branch 5 sewer for treatment at the Mangere wastewater treatment plant when there is capacity.

Any residual combined sewer overflow would be discharged into the Waitemata Harbour via a new, longer marine pipeline that will replace the existing failed outfall at Masefield Beach, which would be removed.

The reconfigured network would enable combined sewer overflows to be captured & stored within the pipeline and returned to the sewer when it has capacity, for subsequent treatment at Mangere. As Mr Hill noted in the hearing decision: “This will significantly reduce the number of combined sewer overflows occurring from approximately an average of 206/year (into St Marys Bay & Masefield Beach) to approximately an average of 20/year. In addition, the replacement outfall will extend further into the Waitemata Harbour, such that when overflows do occur during larger rainfall events this will enable better dilution & dispersion.”

Additional information provided at the hearing indicated that the Masefield Beach outfall “currently discharges combined sewer overflows onto Masefield Beach approximately an average of 107 overflows/year”; and that the expected results would reduce the estimated current average annual overflow discharge volume from this part of the network to the harbour from 101,800mᶟ to 35,000mᶟ, and the proportionate contribution from domestic wastewater in those volumes from 18,300mᶟ to 700mᶟ”.

The project requires:

  • a 1km conveyance & storage pipeline (1.8m internal diameter, about 2500mᶟ capacity) extending from New St to Pt Erin Park, underground & beneath residential properties, recreation areas & road reserve, with an invert depth ranging between 5m and up to 22m deep
  • weir structures, pump stations & odour control units in Pt Erin Park & St Marys Rd Park
  • 4 (subsequently reduced to 3) air exchange poles, 8-10m high, within the road reserve on New St & London St
  • construction of shafts in Pt Erin Park (8m deep), St Marys Rd Park (9m diameter by 8m deep) and the New St/London St intersection (5m diameter by 24m deep)
  • a new 750mm internal diameter gravity pipeline along Sarsfield & Curran Sts connecting engineered overflow points 194 & 196 directly to the Pt Erin Park pump station
  • installation of a new 500m long by 150mm internal diameter rising main between Pt Erin Park & Sarsfield St, connecting to Watercare’s branch 5 sewer
  • connections to the new conveyance & storage pipeline from 5 engineered overflow points (points 194 & 196 (Sarsfield St), 172 (London St), 180 (Hackett St) & 1020 (New St)) – with point 180 remaining operational
  • construction of a new 450m by 1.4m internal diameter marine outfall pipeline with diffusers in the coastal management area off Masefield Beach, and
  • removal of the existing failed Masefield Beach 300mm outfall pipeline.

The panel concluded that, while separation is referred to, this would not be a wastewater facility because the volumes of wastewater overflow would be low.

The panel also concluded that the air discharge from the storage tank (distinct from a pipeline where the contents are continuously flushed away) would pass the required odour standard.

Experienced civil engineer Ross Thurlow proffered an alternative to eliminate the tunnelled detention tank & above-ground ventilation poles & electrically driven ventilators. But the panel concluded that his option of an odour ventilation pipe inside an enlarged pipe tunnel with discharge at Pt Erin would require too long a tunnel and would not be viable.

On the issue of land settlement once the tunnel has been put in place, the predicted settlement effects were very low ad the panel accepted that any adverse effects would be detected early to allow appropriate mitigation measures to be put in place.

The panel also accepted that neither the shaft nor tunnel construction would cause groundwater changes that would adversely affect cliff stability. Overall, on stability, the panel said: “We find the investigations sufficiently detailed to allow reasonable predictions of settlement & stability effects. These can & will be further managed through consent conditions, including implementation of a groundwater & settlement monitoring & contingency plan and a construction noise & vibration plan to measure actual behaviours of the ground in terms of groundwater levels, vibration & settlement that will allow early detection and, if necessary, implementation of mitigation measures should the works cause unexpected effects that could affect existing buildings, utilities & roads, or cliff stability.”

The final paragraph of the decision sums up the resource management issues: “While the proposed development does not achieve the outcome sought by many submitters specific to the network discharges management solution advanced in the application, it is a significant improvement over the existing coastal marine discharge situation and, we were assured, is not the end of the matter as far as council (Healthy Waters) is concerned. We have accepted that assurance and, in that context, agree that it represents an appropriate sustainable management response to the identified problem and ‘promotes’ the purpose & principles of part 2 of the Resource Management Act.”

The next round, on Friday, takes the council into more complicated territory, away from the project itself and into the realm of values.

Links:
9 November 2018: Hearing decision
Hearing documents
Auckland Council, Looking after our waterways
Regulatory committee agenda, 16 November 2018
7, Objections to St Marys Bay & Masefield Beach improvement project
Recommendation
Maps showing project overview & objectors’ properties
Options analysis for location of new infrastructure
Examples of formal notices sent to residents under the Local Government Act 2002
Copies of all objections received
Record of communications
Engineering assessments & review of development controls for each property
C1, Deliberations on objections to St Mary’s Bay & Masefield Beach improvement project (in confidential agenda)

Attribution: Hearing documents & decision, committee agenda.

Continue Reading

2 old suburban centre retail strips sell

Streetfront retail properties in New Lynn & Papatoetoe – both redevelopment prospects – sold under the hammer at Colliers’ auction today.

North-west

New Lynn

3114-3120 Great North Rd (pictured above):
Features: 486m² site zoned business – metropolitan centre, 307m² single-level strip retail building, 18m street frontage, 4 tenants, 3 leases expire in 2021, 2023 & 2025 with no renewal right, rear parking
Rent: $85,240/year net + gst
Outcome: sold for $1.3 million + gst
Agents: Gareth Fraser, James Appleby & Josh Coburn

South

Papatoetoe

74 St George St, Papatoetoe (outlined).

74 St George St:
Features: 1174m² site zoned business – city centre, allowing for development up to 27m high, 368.5m², land at rear used as shared parking, building fully tenanted
Rent: $101,641/year net + gst
Outcome: sold for $1.95 million + gst
Agents: Gareth Fraser & Matthew Barnes

Attribution: Auction documents.

Continue Reading

Sale St redevelopment sells

A redeveloped building on Sale St (pictured), above Victoria Park, and 2 development properties at Greenlane & in Papakura are the leading sales in Colliers’ latest transactions list.

CBD

Kitchener St

2 Kitchener St, unit 1:
Features: 1026m² retail unit, 3 tenancies
Rent: $223,500/year net + gst
Outcome: sold for $3.5 million + gst at a 6.39% yield
Agents: Adam White, Simon Felton & Gawan Bakshi

Victoria Quarter

Hobson Towers, 26 Hobson St, level 6:
Features: 325m² office floor, 14 parking spaces
Outcome: sold with vacant possession for $2.03 million + gst
Agents: Tony Allsop, Simon Child & Roger Seavill

34 Sale St:
Features: 6317m² redevelopment, 4 office floors, 2 parking levels
Outcome: sold for $63 million + gst at “a yield in the early 5%s”
Agents: Simon Child, Sam Gallaugher & Matt Lamb

Isthmus east

Greenlane

614 & 616 Great South Rd, Greenlane.

614 & 616 Great South Rd:
Features: 3867m² commercial property, net lettable area 2125m² in 2 buildings
Outcome: sold for $11.6 million at a 3.1% yield on holding income
Agents: Gareth Fraser, Simon Child, Josh Coburn & Colliers’ capital markets team

South

Papakura

40-44 East St, lot 2:
Features: vacant 1507m² corner site formerly occupied by the New World Papakura carpark
Outcome: sold for $1.54 million + gst
Agents: Chris Wakim & Matthew Barnes

South of the Bombays

Wellington

Petone

140 Hutt Rd:
Features: 1160m² site, 1020m² warehouse, showroom & office, 10 parking spaces
Outcome: sold with vacant possession for $2.475 million + gst
Agents: Kieran Lennon (Colliers) in joint agency with Gollins Commercial

Taita

1115 High St:
Features: 4818m² development site
Outcome: sold with vacant possession for $1.95 million + gst, with quotes in place for the removal of 1170m² of various structures
Agents: Tim Julian & Janette Lillas

Attribution: Agency release.

Continue Reading

Mairangi Bay sale heads Shore transactions

Bayleys commercial agents on the North Shore have sold a fully tenanted Mairangi Bay site (pictured) which has consent for apartment development, and a Rosedale industrial unit, and have signed 5 leases around the Shore and one for a Karangahape Rd shop.

Sales

North-east

Mairangi Bay

368 Beach Rd:
Features: 836m² site, 644.77m² mixed use building, 6 tenancies, local centre-zoned site has conent for an apartment development
Rent: $210,314/year net + gst
Outcome: sold in October for $4.175 million + gst at $4994/m² land, 4.9% yield with current small vacancy, 5% fully tenanted
Agents: Michael Nees & Dean Gilbert-Smith

Rosedale

BizPark North Shore, 63 Arrenway Drive, unit 2:
Features: 118m² industrial unit – office 50m², warehouse 68m², 2 parking spaces
Outcome: sold vacant in November for $585,000 + gst
Agent: Ian Waddams

Leases

CBD

Uptown

258 Karangahape Rd, shop B:
Features: 130m² shop – retail 110m², warehouse 20m²
Rent: leased in November for $45,000/year net + gst, premises rental $346/m²
Agent: Terry Kim

North-east

Rosedale
156 Bush Rd, unit B:
Features: 229.4m² industrial unit – office 122.9m², warehouse 69.6m², other area 37.4m², 4 parking spaces
Rent: leased in November for $39,000/year net + gst
Agent: James Kidd

23 Canaveral Drive, unit B:
Features: 513m² industrial unit – retail 184.5m², warehouse 300m², other area 28.5m², 8 parking spaces
Rent: leased in November for $87,000/year net + gst
Agent: Matt Mimmack

12 Parkhead Place, unit B:
Features: 545m² industrial unit – warehouse 412m², office 133m², 12 parking spaces
Rent: leased in November for $107,000/year net + gst
Agents: Laurie Burt & Matt Mimmack

Sunnynook

20 Tonkin Drive, shop 2:
Features: 56m² shop
Rent: leased in November for $16,000/year net + gst, premises rental $286/m²
Agent: Dev Choudhury

Wairau Valley

18 Link Drive, unit C:
Features: 500m² retail unit – retail 350m², mezzanine 50m², other area 100m²
Rent: leased in November for $130,000/year net + gst, premises rental $260/m²
Agent: Trevor Duffin

Attribution: Agency release.

Continue Reading

10 commercial sales around Bay of Plenty & Waikato

Bayleys agents have sold 10 properties around the Bay of Plenty & Waikato, including 2 more industrial sites at the Tauriko business estate outside Tauranga, 2 properties in Tauranga and 3 around Hamilton.

Out of the main centres, the most prominent sale was of the Lemon & Paeroa premises in Paeroa (pictured above).

Bay of Plenty

Tauranga

1339 Cameron Rd:
Features: 1005m² site, 360m² single-level commercial building leased to 2 food & beverage businesses, 17 parking spaces
Rent: $53,352/year net + gst, rental increase of $28,000/year for one tenancy in March 2019
Outcome: sold for $1.2 million at a 5.46% yield
Agent: James Ross

Greerton

6 Hynds Rd, unit 1:
Features: 766m2 modern, high stud warehouse, large mezzanine, high quality offices, 6 parking spaces
Outcome: sold with vacant possession for $1 million
Agents: Myles Addington & Graeme Coleman

Tauriko

31 & 39 Paerangi Place, Tauriko, sold at $425/m².

31 & 39 Paerangi Place:
Features: 12,591m2 flat industrial site in Tauriko Business Estate in 2 freehold titles (11,041m2 & 1550m2), 3 street frontages, utility services, roading & titles in place
Outcome: sold for $5,351,175 at $425/m2
Agents: Lloyd Davidson & Jo Stewart

Lot 414:
Features: 837m2 of bare industrial land, one of limited number of smaller sites in Tauriko Business Estate, title expected to be issued second quarter of 2019
Outcome: sold for $375,000 at $448/m2
Agent: Lloyd Davidson

Waikato

Hamilton

CBD:

28 Harwood St:
Features: 2104m2 corner site on edge of cbd, 3328m2 Opus House, 1980s office building with grade A seismic rating, 38 parking spaces; 2 national occupants, Opus International Ltd the anchor tenant
Rent: $599,813/year net + gst
Outcome: sold for confidential price
Agents: Scott Kirk, Mike Swanson & David Cashmore

Beerescourt

430 Ulster St:
Features: cross-lease, 170m² dwelling consented for office use, 4 offices with kitchen, bathroom & onsite parking
Outcome: sold with vacant possession for $471,000 to owner-occupier who will renovate for finance company business
Agent: Jason Kong

Frankton

87e Killarney Rd:
Features: Freshly renovated 120m² industrial unit plus 3 parking spaces
Outcome: sold with vacant possession for $325,000, including GST, to building industry owner occupier
Agent: Anne-Marie Brown

Paeroa

2 Seymour St:
Features: 2546m² corner site at northern entrance to township with 444m² L&P building (with replica 6m L&P bottle); anchor tenancy L&P Café Bar & Brasserie, which underwent a substantial refurbishment in 2015, on 3-year lease from December 2016, with one 3-year right of renewal; buyer will occupy vacant part of the premises (previous asking rental $19,000/year)
Rent: $53,352/year net + gst
Outcome: sold post-auction for $650,000
Agents: Jo Stewart & Brendon Bradley

Putaruru

91 Tirau St:
Features: 332m² business-zoned site on State Highway 1 at the northern entrance to township, 118m² office premises in need of refurbishment
Outcome: sold for $116,500 with vacant possession
Agents: Brendon & Ryan Bradley

Tokoroa

2-4 & 6 Waratah Place:
Features: 2 adjoining titles totalling 4075m² of industrial land, exposure to State Highway 1, 183m² workshop; part of one title leased to BP Oil NZ Ltd for truckstop operation at peppercorn rental of $1/year + gst, balance of both sites vacant
Outcome: sold for $316,000
Agents: Ryan & Brendon Bradley

Attribution: Agency release.

Continue Reading

2 city apartments sell at auction

2 units were sold at Ray White City Apartments auction today, and an Onehunga townhouse was passed in.

In a market where vendors have been under pressure to meet a generally lower bidding range, the reserve on a CityZone apartment was dropped to $300,000 (about $7800/m² internal), and then dropped another $5000. In the ensuing bidding frenzy, a sale at $300,500 resulted.

A studio in Oakwood Hall on Wakefield St (pictured) sold at $8000/m² internal, so both sales were in what seems the acceptable range at the moment for good secondary stock. For comparison, a 29m² Oakwood Hall studio sold at auction in June last year for $283,000, so about $9800/m², at a time when prices for older apartments were still rising to fill the gap of about $5000/m² between them & brand-new apartments.

CBD

Learning Quarter

Oakwood Hall, 81 Wakefield St, unit 9C:
Features: 30m² studio, 6m² balcony
Outgoings: rates $1110/year including gst; body corp levy $5261/year including gst
Income assessment: $430/week
Outcome: sold for $240,000
Agents: Damian Piggin & Krister Samuel

Uptown

CityZone, 11 Liverpool St, unit 1912:
Features: 40m² including 1.5m² balcony, 2 bedrooms
Outgoings: rates $1246/year including gst; body corp levy $4319/year including gst
Income assessment: $500/week, fixed until 15 February
Outcome: sold for $300,500
Agents: Damian Piggin & Krister Samuel

Isthmus east

Onehunga

36A Hill Rd
Features: cross-leased, 157m², refurbished 2-storey 3-bedroom townhouse, double internal-access garage
Outgoings: rates $2517/year including gst; body corp levy $/year including gst
Income assessment: $730-780/week unfurnished
Outcome: passed in at $910,000
Agent: Adam Gurr

Attribution: Auction.

Continue Reading

Council votes for plan change to clarify overlay status

Auckland Council will proceed to a plan change to get the weighting it wants between the special character overlay & the underlying residential zoning in the region’s 2-year-old unitary plan.

Image above (part of council map): Special character area overlays – residential, across the centre of the Auckland region, showing Birkenhead, Northcote & Devonport north of the harbour bridge, Ponsonby & southern suburbs, plus Parnell & Remuera on the southern side of the bridge.

The council’s planning department took the view that special character overlays should take precedence over the underlying zoning where the 2 were in conflict.

Council regulatory services director Penny Pirrit & resource consents general manager Ian Smallburn said in a briefing in September the council had sought external legal advice, which supported the council view of precedence, but the Environment Court, in a series of judicial review decisions that started last December, had opted for the conflicting view that the rules as written meant the overlay didn’t prevail over or cancel other rules.

Mr Smallburn said: “The court agreed with the council that the unitary plan rules were not clear, but it disagreed with our approach, ruling that both sets of rules – the special character areas overlay rules & the underlying zoning rules – should be considered equally.”

Notification next month

The council’s Auckland-wide planning manager, Phill Reid, told the planning committee today the intention was to publicly notify the plan change on 6 December, but it might be June next year before hearings are held.

The first step in the consultation process would be to talk to local boards at the chairs forum next week.

The application at the heart of this issue, by the London Pacific Family Trust, is to remodel a residential property at 12 Seymour St, St Marys Bay. An application by the owners of a neighbouring property at 10 Seymour St, Craig & Kym Andersen, to remodel their house was due for hearing on 25 October but has been put on hold. The 10 Seymour St owners have been section 274 witnesses (claiming effect as non-parties) in the 12 Seymour St process.

The review process

At the start of these judicial review proceedings in July 2017, the council told the court neighbours & others who were potentially affected had advised the council they considered its approach to administering the new unitary plan to be unlawful, and that this had caused, and would continue to cause, “prejudice to them in the form of loss of amenity, loss of development rights & consequential financial losses”.

In August, council planners identified 420 consents potentially affected by the overlay/zone conflict. That number has since been reduced to 319. Some have had to reapply for resource consent, and the council has waived those processing fees.

As well as clarifying the overlay’s dominance in sections of the unitary plan on development of buildings & subdivision, council planners want to make the wording in 4 other sections consistent – height:boundary, building coverage & paved & landscaped area, yards, and fences & walls.

Resource consents general manager Ian Smallburn told the committee today the council had about 115 potentially affected consents before it to review and had granted 54 of those.

Emotional element, and effect on neighbours

Waitemata ward councillor Mike Lee.

Mr Smallburn said there was clearly an emotional element on top of the planning confusion, and Cllr Mike Lee, whose Waitemata ward contains most of the affected properties, backed that up: “There is another aspect to this, affected neighbours, who have not been told, who apparently are still not being considered. I have had a number of distraught people asking for help, about buildings next door which are blocking out their view or their light, and nothing is done about it.

“It seems to spotlight another problem with the council’s administration of the unitary plan & Resource Management Act, and that is, we deal with the people who apply for resource consents as our customers and we treat the whole process as some sort of commercial contract between us & the customer.

“But there’s more to it than that. The Resource Management Act is a social contract. It’s not between the council & individuals, it’s between the council & the community, including neighbours, and we seem to have drifted away from that. Section 5 of the Resource Management Act, or the definition of sustainability, has at its heart ‘people & communities’ and, in practice, we just ignore it.”

Cllr Lee said the council’s heritage panel at its last meeting asked for the council to make public all of the affected areas or addresses, “so affected neighbours have some notice of what’s happening to their neighbourhood, and to their property, and to their property values. I would urge the council to do that, otherwise we’re inflicting an injustice on way more than the 423 or the 319 who have been inconvenienced by an invalid process.”

For the moment, at least, Cllr Lee’s points were left unanswered as the committee voted to support the process to a plan change.

Links:
Committee agenda:
9, Auckland unitary plan (operative in part) – proposed plan change – special character areas overlay – residential
Recommendation   
Summary of proposed changes to the special character areas residential overlay

Court decisions:
24 July 2017, council application for declarations
19 December 2017, first interim decision
23 January 2018, second interim decision
15 March 2018, third decision (including declaration)
28 June 2018, costs decision

Earlier story:
12 September 2018: Council wants overlay precedence over zone rules, even after court findings

Attribution: Council committee meeting.

Continue Reading

Whangarei shopping centre & office building sold

The Otaika Shopping Centre in Whangarei (pictured) has been sold in Bayleys’ Total Property auction series, and a Bank St building in the centre of the city has also been sold.

North

Whangarei

38 Bank St:
Features: 144m² central cbd site, 382m² commercial building comprising ground-floor retail space & first-floor offices & storage, full glass frontage to a busy intersection
Outcome: sold with vacant possession for $1.15 million + gst
Agents: Jan Hutcheson & Neil Campbell

Raumanga

Otaika Shopping Centre:
Features: 2799m2 site on State Highway 1 at southern entrance to Whangarei, 1270m2 fully leased convenience retail complex built in the 1960s and expanded in the 1970s with 60 parking spaces; 8 tenancies with 5 10-year leases running until 2027-2028
Rent: $260,534/year net + gst
Outcome: sold at auction for $3.81 million + gst at a 6.84% yield
Agents: John Haselden & Neil Campbell

Attribution: Company release.

Continue Reading