Archive | Isthmus east

Silverdale industrial & Onehunga home unit sell

An industrial unit at Silverdale and a refurbished brick & tile unit in Onehunga were sold at Bayleys auctions around Auckland this week.

Commercial

North-east

Silverdale

29 Peters Way, unit B:
Features: 285m² industrial unit 250m² workshop, 35m² first-floor office, mezzanine across rear of workshop, 5 parking spaces
Outcome: vendor vacating, sold for $680,000
Agent: Rosemary Wakeman

Residential units

Isthmus east

Onehunga

66A Cameron St, unit 1:
Features: 2-bedroom unit, garage & workshop
Outcome: sold for $706,000
Agent: John Procter

Royal Oak

2 Raurenga Avenue, unit 2:
Features: 2-bedroom unit, internal-access garage
Outcome: passed in, back on market at $915,000
Agent: John Procter

Attribution: Agency release.

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Office building in new intensive housing zone sells

An office building (pictured) in Panmure now zoned for terrace housing & apartments sold at a flat 5% yield at NAI Harcourts’ auction yesterday.

Isthmus east

Panmure

2 Kings Rd:
Features: 951m² corner section, 509m² floor area, in new terrace housing & apartment buildings zone
Rent: $66,625/year net + gst + outgoings, one year remaining on lease
Outcome: sold for $1.33 million
Agents: Peta Laery & Richard White

Attribution: Agency release.

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4 of 10 apartments & units sell at Barfoots

4 sold out of 10 apartments & suburban units auctioned at Barfoot & Thompson’s city office yesterday & today. The auction offering of a total 20 homes on the agency’s main 2 days compares to 80/day at the peak late last year.

CBD

Kitchener St

Metropolis, 1 Courthouse Lane, unit 2006:
Features: 48m², one-bedroom apartment
Outcome: sold for $592,500
Agent: Cindy Yu

Victoria Quarter

Hobson Gardens, 205 Hobson St, unit 2F:
Features: 158m², 3-bedroom apartment, 2 bathrooms, 2 basement parking spaces
Outgoings: body corp levy $5994/year
Outcome: no bid
Agents: Zoran Farac & Stephen Shin

Isthmus east

Ellerslie

2 Ellerslie Park Rd, unit 1:
Features: 2-bedroom unit, carport
Outcome: sold for $610,500
Agent: Linda Reid

Onehunga

15 Heretaunga Avenue, unit 4:
Features: cross-lease, 1/7 of 1604m², 2-bedroom unit, carport
Outcome: sold for $590,000
Agent: Paul Hodgman

132A Selwyn St, unit 2 (pictured):
Features: cross-lease, 1/4 of 1163m², 2-bedroom unit, covered patio, 2 parking spaces
Outcome: sold for $670,000
Agents: Jerry & Fong Khoo

St Heliers

244 St Heliers Bay Rd, unit 3:
Features: 3-bedroom unit, 2 bathrooms, internal-access garage
Outcome: passed in at $700,000
Agents: Andrew Pender & Lynette Boyd

Stonefields

Illico, 4 Bluegrey Avenue, unit 410:
Features: one-bedroom top-floor apartment, deck, parking space
Outcome: passed in at $520,000
Agent: Thelina Nuval

Isthmus west

Sandringham

16 Halesowen Avenue, unit 2:
Features: 2-bedroom unit, conservatory, basement garage
Outcome: passed in
Agents: Jim Liu & Coy Zhao

Attribution: Auctions.

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8 out of 10 sell at Bayleys commercial auction

8 of the 10 properties in Bayleys’ Total Property commercial auction yesterday were sold under the hammer.

6 of them were vacant or with short leases. Of the 3 where a yield could be calculated, an Asian supermarket in Papakura (outlined in picture) sold at 4.7%, a Grange hair salon at Warkworth sold at 5.9% and a Birkenhead property with 5 tenants sold at 6%.

Isthmus east

Onehunga

12 George Terrace:
Features: vacant 521m² site, 515m² refurbished standalone industrial building, zone allows live/work or residential
Outcome: sold for $1.4 million
Agents: James Valintine & William Gubb

Parnell

11 Farnham St:
Features: 269m² site, standalone building with 4 levels built 10 years ago, 659m² floor area, private lift to penthouse on top 2 floors, conservatory, 4 bedrooms, 5/6-car garage + secured yard parking on ground floor, partitioned office & amenities on level 1, air-conditioned on levels 1-3
Outcome: sold for $3.22 million
Agents: Millie Liang

St Johns

121 Morrin Rd:
Features: 4755m² site, 2312m² high stud warehouse, 6 roller doors, small office, yard + parking
Rent: short-term tenancy in place
Outcome: sold for $6.81 million
Agents: Jamsheed Sidhwa, Luke Carran & James Valintine

North-east

Birkenhead

49-55 Birkenhead Avenue:
Features: 801m² site, 481m² floor area, 5 tenants, town centre zoning has 21m height limit
Rent: $112,070/year net + gst
Outcome: sold for $1.867 million at a 6% yield
Agents: Michael Nees, David Huang & Oscar Kuang

Browns Bay

755 Beach Rd:
Features: vacant 1029m² site, 70m² building, mixed use zoning allows building height up to 4 storeys
Outcome: passed in at $700,000
Agents: Ranjan Unka & Anna Radkevich

Rosedale

372 Rosedale Rd, unit 2A:
Features: 186.7m² first-floor office, 6 parking spaces, tenant Bayleys Real Estate Ltd
Rent: $58,209/year net + gst + outgoings, 18-month lease from 1 April, 2 18-month rights of renewal
Outcome: no bid
Agents: Matt Mimmack & Eddie Zhong

Unsworth Heights

1 Greenwich Way, shop 7:
Features: 186m² retail unit, tenant BookPrint Ltd
Rent: $51,520/year net + gst + outgoings
Outcome: withdrawn from auction
Agents: Dean Gilbert-Smith & Adam Curtis

Warkworth

The Grange, 67 Auckland Rd, unit 22A & 22B:
Features: 119m² shop, tenant Vivo Beauty Ltd
Rent: $49,100/year net + gst, new 8-year lease
Outcome: sold by the developer, Square & Main Street Ltd (Adam Reynolds) for $830,000 at a 5.9% yield
Agents: Matt Lee, James Chan & Henry Napier

North-west

Henderson

111 Lincoln Rd, unit FB:
Features: retail unit, tenant Petstock
Rent: $105,000/year net + gst, new 6-year lease
Outcome: withdrawn from auction
Agents: Tony Chaudhary & James Chan

South

East Tamaki

20 Ra Ora Drive:
Features: vacant 4885m² site, metalled, fenced & electronic security gate, former Howick Bus Co Ltd depot
Outcome: sold for $2 million
Agents: John Bolton, Roy Rudolph & Katie Wu

Papakura

303-305 Great South Rd:
Features: 2023m² site zoned business mixed use, Asian supermarket tenant
Rent: $161,740/year net + gst, new 4-year lease + 3 4-year rights of renewal
Outcome: sold for $3.44 million at a 4.7% yield
Agents: Quinn Ngo, Matt Lee & Piyush Kumar

Takanini

305 Great South Rd:
Features: vacant 990m² industrial site, 448m² warehouse
Outcome: sold for $1.52 million
Agents: Shane Snijder & Peter Migounoff

Attribution: Auction.

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Ivory & Station R apartments attract no bid

2 apartments in 2 new developments – Conrad’s Ivory and Ockham’s Station R – attracted no bid at City Sales’ auction yesterday. Both developments were sold off the plans.

Isthmus east

Epsom

Ivory, 10 Lion Place, unit 405:
Features: 52m², one bedroom, flexi-room, deck, parking space
Outgoings: rates & body corp levy to be confirmed
Outcome: no bid
Agents: Alister Nichol

Isthmus west

Mt Eden

Station R, 11 Fenton St, unit 502:
Features: 79m², 2 bedrooms, study, 2 bathrooms, deck, parking space
Outgoings: rates $2402/year including gst; body corp levy $4343/year
Outcome: no bid
Agents: Trisha Shanaghan

Attribution: Auction.

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2 warehouses sell at yields under 5.2%

2 warehouses in Penrose & Mt Wellington were sold on firm yields at Colliers’ auction yesterday – 4.79% on the Greenpark Rd property (pictured) and 5.17% in Mt Wellington.

A third property, a mix of office & warehouse used for clothing storage but offered vacant, attracted no bid but was under negotiation post-auction.

Isthmus east

Mt Wellington

7A Te Apunga Place:
Features: 3012m² site zoned light industrial, 732m² net lettable area – warehouse 472m², storage 144m², office & amenities 116m², tenant Visor Distributors (2017) Ltd
Rent: $120,000/year net + gst, new 6-year lease from 30 June, 2 3-year rights of renewal
Outcome: sold for $2.32 million at a 5.17% yield
Agents: Hamish West & Todd Kuzmich

Parnell

33C Falcon St, unit 3D:
Features: 643m² office & warehouse offered vacant – offices 299m², amenities 22m², storage 44m², warehouse 249m², loading bay 29m², 5.25m stud in warehouse, roller door, 12 stacked parking spaces, one in open
Outcome: passed in, only bid was from vendor at $2 million
Agents: David Burley & John Davies

Penrose

4-6 Greenpark Rd:
Features: 1160m² site zoned light industrial, 584m² net lettable area – warehouse 317m², offices & amenities 102m², showrooms 166m², canopy 8m², tenant Vesta Electrical Supplies Ltd
Rent: $78,000/year net + gst, initial lease term expires 30 April 2021, 2 4-year rights of renewal
Outcome: sold for $1.63 million at a 4.79% yield
Agents: Paul Jarvie, Brad Johnston & Matt Prentice

Attribution: Auction.

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2 industrial leases & a sale

Colliers agents have leased a large new Goodman Property Trust warehouse in Penrose, an Avondale industrial property and sold an Invercargill warehouse.

Isthmus east

Penrose

Gate Industry Park, 395 Church St:
Features: 6723m² industrial property – warehouse 4223m², stud height 9m, warehouse amenities 333m², enclosed canopy 941m², air-conditioned offices 1226m² over 2 floors, yard 2300m², 55 parking spaces, leased by Goodman Property Trust to Easy2C Ltd for a term of 5 years & 3 months
Rent: $600,726.20/year net + gst
Agents: Andrew Hooper & Greg Goldfinch

Isthmus west

Avondale

17-19 Patiki Rd:
Features: 4878m², leased to Glidepath Ltd
Rent: $620,000/year net + gst     
Agents: Dwayne Warby & Shoneet Chand

South Island

Invercargill

5 Liddell St:
Features: 1827m², warehouse & showroom leased to Ideal Electric Ltd
Outcome: sold for $1,001,500 at a 7% yield
Agents: Mark Simpson & Rory O’Donnell

Attribution: Agency release & promotional material.

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2 of 6 apartments & units sell

A central city apartment in the Avoka (arrowed) and a suburban unit sold at Barfoot & Thompson auctions yesterday & today, out of 6 on offer.

7 of the 18 homes offered at the 2 Wednesday sessions were sold, including one of the 4 intensive homes (a duplex, a suburban unit & 2 apartments) in the afternoon.

At the Thursday afternoon session, a Mt Roskill brick-&-tile unit sold under the hammer while there was no bid for one in Sandringham.

2 of the 3 standalone houses in the auction were sold.

In the agency’s regular Thursday morning apartments auction, 3 were auctioned and all were passed in (see separate story link below).

CBD

Uptown

Avoka, 31 Day St, unit 10C:
Features: 81m², one-bedroom apartment, balcony, roof deck, covered parking space
Outcome: sold for $330,000
Agents: Jack Atherton & Sherryl Jones

Isthmus east

Royal Oak

14 Campbell Rd, unit 5:
Features: 2-bedroom unit, garage
Outcome: passed in, back on market at $779,000
Agent: Sylvia Lu

Isthmus west

Herne Bay

105 Jervois Rd, unit 3B:
Features: 185m² including balcony, 2-bedroom apartment, 2 bathrooms, study, double garage, storage locker
Outcome: passed in
Agents: George Damiris & Carl Madsen

Mt Roskill

1542 Dominion Rd Extension, unit 4:
Features: 2-bedroom unit, basement, double internal-access garage
Outcome: sold for $690,500
Agents: Kam & Yogesh Dahya

Sandringham

1 Begbie Place, unit 2:
Features: 2-bedroom unit, offstreet parking
Outcome: no bid
Agent: Paresh Patel

Three Kings

4 McCullough Avenue:
Features: 440m² section, 2-bedroom duplex unit + one-bedroom sleepout, bathroom in each unit, carport
Outcome: passed in, back on market at $859,000
Agent: Qi Li

Related story today: All 3 apartments passed in

Attribution: Auctions.

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Kitchener St studio & Luna apartment sell

Both apartments auctioned at Bayleys’ city office today were sold under the hammer, one across the street from Albert Park and the other in Luna, between the motorway & Khyber Pass Rd.

CBD

Kitchener St

Kitchener St Studios, 22 Kitchener St, unit 2D:
Features: studio, basement storage, 75% seismic rating
Outcome: sold for $495,000
Agents: Julie Prince & Diane Jackson

Isthmus east

Grafton

Luna, 16 Burton St, unit 5N:
Features: 2 bedrooms, 2 bathrooms, deck, secure basement parking space
Outgoings: rates $1661/year including gst
Outcome: sold for $355,000
Agents: Dave Hamlyn & Wendy Nichols

Attribution: Auction documents.

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4 isthmus commercial sales

Bayleys’ city & fringe commercial team has completed sales in the fast-changing Sale St above Victoria Park (13 Sale St outlined in the picture above), and in Morningside, Newton & Remuera.

CBD

Victoria Quarter

13 Sale St:
Features: 438m² character office building, seismic rating 72% new building standard290m² open plan ground floor plus mezzanine, 9 secure basement parking spaces
Outcome: sold with vacant possession for $3.2 million
Agents: Cameron Melhuish, Matt Gordon & Genevieve Thompson-Ford

Isthmus east

Remuera

591 Remuera Rd:
Features: 167m² Upland Village site zoned neighbourhood centre, 159m² 2-level building built in 1973; ground-floor tenant Remuera Village Medical Centre exercised the first of 4 5-year rights of renewal in 2016, upstairs beauty clinic exercised last 2-year right of renewal in 2016
Rent:
 $65,839/year net + gst
Outcome: sold for $1.61 million at a 4.09% yield 
Agents:
 Cameron Melhuish, Andrew Wallace & Genevieve Thompson-Ford                                   

Isthmus west

Morningside

596 New North Rd:
Features: 813m² site zoned local centre, 18m height limit, 295m² warehouse & office building at rear, 2 short-term leases provide holding income until July 2018
Rent: $69,500 /year net + gst
Outcome: sold for $2.52 million
Agents: James Were & Scott Kirk

Newton

19 Newton Rd: 
Features: 1804m² site zoned business – mixed use, 18m height limit, 2123m² 3-level commercial building, 52 parking spaces, partly leased on short-term tenancies
Outcome: sold for $7.675 million
Agents: Scott Kirk & James Were

Attribution: Agency release.

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