Archive | Isthmus west

2 apartments sell at Ray White auction

2 of the 5 units auctioned at Ray White City Apartments today were sold under the hammer, one in the Grand Chancellor hotel building and the other in Eden Terrace.

CBD

Learning Quarter

Forte, 37 Symonds St, unit 1302:
Features: 48m² corner unit, 2 bedrooms, balcony
Outgoings: rates $1383/year including gst; body corp levy $4149/year, special levy $703 to fireproof riser shafts
Income assessment: $500/week fixed until 30 April, appraisal $530-560/week furnished
Outcome: passed in after bid at $300,000, vendor bid at $400,000
Agents: May Ma & Mark Li

Uptown

Q Central, 36 Liverpool St, unit 3A:
Features: leasehold, 59m², 2 bedrooms
Outgoings: rates $1188/year including gst; body corp levy $3534/year, ground rent $7173/year, next ground lease review December 2018
Income assessment: $1894/month on Housing NZ lease expiring in March 2019
Outcome: passed in on sole bid from vendor of $100,000
Agents: May Ma & Mark Li

Victoria Quarter

Grand Chancellor, 1 Hobson St, unit 803:
Features: 57m², one bedroom, with a new title excluding the parking space (and reducing rates & body corp levy accordingly)
Outgoings: rates $1812/year including gst; body corp levy $4763/year
Outcome: sold for $612,000
Agent: Josh Muriwai

Waterfront

Sebel Suites, 85 Customs St, unit 610:
Features: leasehold, 57m², one bedroom, study, balcony overlooking Viaduct Basin
Outgoings: rates $1913/year including gst; body corp opex levy $8852/year, ground lease $6806/year
Income assessment: $500/week current, appraisal $620-680/week furnished
Outcome: passed in at $201,000
Agents: Damian Piggin & Daniel Horrobin

Isthmus west

Eden Terrace

10 Ruru St, unit 9:
Features: 114m², 3 levels, 2 bedrooms, deck, tandem internal-access garage, storage
Outgoings: rates $1596/year including gst; body corp levy $2913/year
Income assessment: appraisal $650-700/week
Outcome: sold for $700,000
Agent: Krister Samuel

Attribution: Auction.

Continue Reading

Docks unit with parking sells

A leasehold Docks apartment (pictured) plus 4 parking spaces sold at Ray White City Apartments’ auction today, while an Eden Terrace unit attracted no bid.

CBD

Quay Park

The Docks, 4 Dockside Lane, unit 138:
Features: terminating leasehold (in 2161) – next review November 2018, 45m², one bedroom, 4 parking spaces (2 tandems); discovery underway for remediation works, now estimated at $8.5 million
Outgoings: rates $1604/year including gst; body corp levy $9687/year including $3722 ground rent
Income assessment: current $490/week for unit + one tandem space, rented long-term
Outcome: sold for $150,000
Agents: Dominic Worthington & Ady Huang

Isthmus west

Eden Terrace

Newton Rise, 121 Newton Rd, unit 4A:
Features: 93m², 2 bedrooms, parking space
Outcome: no bid
Agents: Susan Woods-Markwick & Clarissa Searle

Attribution: Auction.

Continue Reading

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.

Continue Reading

Herne Bay apartment sells

A Herne Bay apartment (outlined in picture) was sold at Bayleys’ city residential auction yesterday, and a Henderson cross-lease was passed in.

Isthmus west

Herne Bay

5 Curran St, unit 6:
Features: renovated one-bedroom top-floor apartment, parking space
Outgoings: body corp levy $3663/year
Outcome: sold for $825,000
Agent: Chris Batchelor

North-west

Henderson

63A Sturges Rd (flat 2):
Features: cross-lease, half share in 1031m², 3 bedrooms, garage + extra parking
Outcome: passed in at $635,000
Agent: Karina Thorburn

Attribution: Auction.

Continue Reading

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.

Continue Reading

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.

Continue Reading

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.

Continue Reading

3 Kings quarry plan change almost in place

Fletcher Residential Ltd’s proposed private plan change for the Three Kings quarry precinct ran into a minor timing hiccup yesterday on its way to being adopted by Auckland Council as if it were a council plan change.

Council plans & places general manager John Duguid told the council’s planning committee that, because of Housing NZ’s application for court costs against the 2 local societies which had opposed the quarry subdivision, as of yesterday the council couldn’t adopt the plan change.

That position was expected to change within days after Housing NZ withdrew its costs claim. The societies withdrew their appeal against the subdivision in May and, with the costs issue out of the way, the court could finalise the hearing.

The council committee unanimously approved a course to completion of the agreed plan change process.

Puketapapa Local Board chair Harry Doig said the challenge had cost the community “something like $200,000”, but it had achieved a better outcome and the local board now supported the council taking over the plan change.

The committee chair & deputy chair have delegated authority, along with an Independent Maori Statutory Board member, to approve adoption of the plan change once the precinct provisions have been made operative.

Fletcher Residential owned 15.2ha of former quarry, and the council owned about 6ha of former quarry, some of it used as sportsfields. In a change from some of the proposed land swaps, Fletcher wants to acquire council depot land instead of the sportsfields and intends to build up to 1500 new homes, plus a whare manaaki (a community educational & cultural facility).

Much of the development will be apartments, up to 5 storeys, with a minimum average apartment size of 55m² in buildings of 20 or more units. 30 garage lofts known as “Fonzie flats” are also planned, with a minimum size of 30m².

The development will also have cascading apartments built above the quarry rock faces and cascading over them.

Link:
Agenda item:12, Auckland unitary plan (operative in part) – private plan change request by Fletcher Residential Ltd – Three Kings 

Earlier stories:
6 September 2017: Council starts public process for city centre & waterfront planning refresh, plus 3 subdivision plan changes
2 February 2016: Minister takes Fletcher side on 3 Kings, and local politicians cry foul
25 November 2015: Three Kings development protest continues
Propbd on Q Th11Jun15 – Auction result, 3 Kings land exchange, decisions on plan changes, council model for elderly housing
14 November 2014: Three Kings debate goes to & fro, council to continue negotiating just with Fletcher
22 September 2014: Fletcher adds detail to 3 Kings plan change proposals
12 September 2014: 3 Kings plan changes approved for notification
4 May 2009: Winstone applies to cleanfill 3 Kings quarry

Attribution: Council committee agenda & meeting.

Continue Reading

Council starts public process for city centre & waterfront planning refresh, plus 3 subdivision plan changes

Auckland Council’s planning committee agreed yesterday to a refresh programme for the city centre & waterfront, but it will be 10 months before the final version of it is decided.

It’s also complicated by requirements evolving for the America’s Cup yachting contest to be held in Auckland in 2019, and where the estimated 30,000m² of land for the bases plus water spaces for the yachts might go.

The large programme of works for city centre & waterfront would be implemented under a review of the original central business district & waterfront plans completed in 2012.

But first the councillors & Independent Maori Statutory Board members have to put their money caps on, in their roles as the finance & performance committee, to prioritise works. That committee’s scheduled to meet (twice) in a fortnight.

And then the whole shebang has to go out to public consultation early next year as part of the council’s long-term plan review, returning to the council for signoff just before the start of the new financial year on 1 July 2018.

3 plan changes & a tidy-up under the new unitary plan

A second novelty yesterday came in the form of 4 plan changes – the first batch under the super-city’s unitary plan, which combines an updated composite of all the district plans of the councils 7 territorial predecessors and also includes an updated regional policy statement.

The unitary plan is still not fully operative, with parts of it before the courts. 2 of the proposed changes to it before the committee yesterday were private – from Karaka & Drury Ltd (Charles Ma) to extend its Auranga subdivision at Drury, and from Fletcher Residential Ltd, recognising an agreement with opponents of the company’s Three Kings quarry residential development.

The other 2 plan changes were brought by the council, one for its rezoning of land at Whenuapai from future urban so development can start on part of it over the next 4 years, with later stages set for development starting in 2028.

The last change, from the council, is to correct technical errors & anomalies discovered in the unitary plan.

  • You can check the detail in the refresh and the plan change proposals through the links below. I’ll roll out articles on each of them, and yesterday’s debate, over the next few hours.

Planning committee agenda, Tuesday 5 September
9, City centre & waterfront planning refresh
11, Auckland unitary plan (operative in part) – private plan change request from Karaka & Drury Ltd – Auranga B1
12, Auckland unitary plan (operative in part) – private plan change request by Fletcher Residential Ltd – Three Kings 
13, Auckland unitary plan (operative in part) – proposed plan change – Whenuapai 
14, Auckland unitary plan (operative in part) – proposed plan change – administrative plan change – to correct technical errors & anomalies

Story, 1 September 2017: Grand downtown & waterfront plans raise the question: The money?

Attribution: Council committee agenda & meeting.

Continue Reading

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.

Continue Reading
WordPress Appliance - Powered by TurnKey Linux