Archive | Epsom

Updated: Light industrial building sells, 2 redevelopment propositions passed in, Dominion Rd house sold post

Published 15 March 2018, updated 10 July 2018:
Update: 4 months after this March auction, a Dominion Rd, Mt Eden, house used as an office has been sold.

A light industrial property in New Lynn was sold under the hammer at Colliers’ auction on 14 March, but 2 inner suburban properties marked for redevelopment were passed in.

Isthmus east

Epsom

218 Great South Rd:
Features: 1287m² irregularly shaped section, 2-storey villa, tenanted by Auckland District Health Board for 15 years, now vacant
Outcome: passed in
Agents: Simon Child & Gareth Fraser

Isthmus west

Mt Eden

Updated: 176 Dominion Rd:
Features: 568m² section, 133m² house + 67m² rear shed, office & garage, 4 parking spaces
Outcome: passed in at auction, marketed subsequently with $1.5 million asking price, sold in July for $1.443 million + gst
Agents: Jonathan Lynch, Gawan Bakshi & Ned Gow

North-west

New Lynn

11 Stock St:
Features: 1634m² site zoned light industrial, 1072m² net lettable area – warehouse 798m², offices & amenities 274m², originally in 3 separate tenancies, currently in 2 separate areas
Rent: $102,000/year + gst from monthly tenancy
Outcome: sold for $2.205 million
Agents: Dhiru Patel & Dwayne Warby

Attribution: Auction documents.

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Tamaki Drive pad among 7 apartment & unit sales

A waterfront apartment in The Sands on Tamaki Drive (pictured) was sold at Barfoot & Thompson’s city branch auction this week, one of 3 apartments & suburban units sold out of 7 offered.

An apartment in the brand-new Victoria Residences, across the street from the SkyCity casino & hotels, was passed in with the bidding at $13,420/m² internal space.

When Conrad Properties Group Ltd launched the development at the beginning of 2015, prices equated to a range of $11,700-16,200/m². Conrad bought the 522m² site of the former Palace Hotel for $7 million in 2014 from the Chow brothers, who’d intended to develop a highrise brothel there.

An Epsom block of 3 2-bedroom units was passed in when offered in one lot, and each of the units was also passed in when offered separately.

CBD

Victoria St

Victoria Residences, 75 Victoria St West, unit 807:
Features: 50m² + 5m² balcony, one bedroom + flexi-room
Outgoings: body corp levy $3197/year
Outcome: passed in at $671,000, at $13,420/m² internal
Agents: Selina Zheng & Tommy Zhang
Earlier story:
26 January 2015: Victoria Residences & St James Suites set new price points

Isthmus east

Epsom

30B Buckley Rd, units 1, 2 & 3:
Features: block of 3 2-bedroom units, each with fully lined garage
Outcome: passed in as a single lot & when offered individually
Agents: Sara-Jayne Kingston & Dermot Kelly

Kohimarama

The Sands, 277 Tamaki Drive, unit 6:
Features: 3-bedroom apartment, 2 bathrooms, terrace, 2 parking spaces
Outcome: sold for $2 million
Agent: Karin Cooper

Isthmus west

Freemans Bay

2 Gunson St, unit 5:
Features: 1/6 share in 258m², unit 167m², 3 bedrooms, 3 bathrooms, study, upper deck, courtyard
Outcome: no bid
Agents: Carl & Roseanne Madsen

Hillsborough

291A Hillsborough Rd, unit 1:
Features: 2-level unit, 3 bedrooms, garage
Outcome: no bid, back on market at $679,000
Agents: Kam & Yogesh Dahya

Mt Eden

39 Bellevue Rd, unit 10:
Features: one-bedroom unit, carport
Outcome: sold for $525,000
Agents: Kim & Bruce Rule

Sandringham

Grove Court, 3 Grove Rd, unit 2:
Features: cross-lease, 1/5 share in 771m², 2-level 2-bedroom unit, parking space
Outcome: sold for $610,000
Agents: Paul Donovan & Sharon Walls

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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Quiet week for intensive residential in the auction room

It’s been a quiet time for the auction process at Barfoot & Thompson’s city branch this week as 19 apartments, suburban units & cross-leases in the central city (Precinct) and around the isthmus were auctioned at 5 sessions. Another 5 were auctioned at the regular Thursday morning apartments session – all passed in (see separate story).

Outside that Thursday morning session, 4 were sold under the hammer, 11 were passed in, 2 were withdrawn from auction and 2 were sold pre- or post-auction.

CBD

Lorne St

Precinct, 6 Lorne St, unit 2205:
Features: 2 bedrooms, 2 bathrooms, parking space
Outcome: no bid
Agents: Danny Upton & James Yu

Isthmus east

Epsom

1A Campbell Crescent, unit 1:
Features: 2-bedroom unit, parking space
Outcome: no bid
Agents: George Fong & Laura McAuley

Epsom Mews, 533 Manukau Rd, unit 15:
Features: 2-bedroom unit, carport, storage locker
Outcome: passed in, back on market at $788,000
Agent: Robert Thompson

Onehunga

48 Mays Rd, lot 10:
Features: 5 bedrooms, 2 bathrooms, double internal-access garage, 10-year master builder warranty
Outcome: withdrawn from auction
Agent: Kevin He

One Tree Hill

11A Houpara St:
Features: cross-lease, half share in 945m², 3 bedrooms, double garage
Outcome: no bid, back on market at $849,000
Agent: Paul Hodgman

71 Rawhiti Rd, unit 3:
Features: cross-lease, 1/3 share in 1230m², 3 bedrooms, garage
Outcome: sold for $1.121 million
Agents: Wendy Sadd & Helen Lam

Remuera

45 Abbotts Way, unit 2:
Features: 2-bedroom unit, carport
Outcome: sold at pre-auction
Agent: Ricky Fan

746 Remuera Rd, unit 1:
Features: 2-level 2-bedroom townhouse, double garage
Outcome: sold for $835,000
Agent: Sam Bowen

Royal Oak

29 Inkerman St, unit 3:
Features: 2-bedroom unit, carport
Outcome: passed in
Agent: Oscar Zhao

29 Mt Smart Rd, unit 3:
Features: cross-lease, 1/5 share in 1191m², 2-bedroom unit, offstreet parking
Outcome: sold for $672,000
Agent: Di Martens

St Johns

52 Merton Rd, unit 1:
Features: 2-bedroom unit, carport
Outcome: passed in
Agent: Zdenka Zinajic

Isthmus west

Freemans Bay

Star Apartments, 59 Hepburn St, unit 5:
Features: 2-bedroom apartment
Outcome: sold for $822,500
Agent: Matt O’Brien

Grey Lynn

424F Richmond Rd:
Features: reclad 2-level 2-bedroom unit, 2 bathrooms, 2 parking spaces, code compliance certificate not yet attained
Outcome: withdrawn from auction
Agents: Sherryl Jones & Jack Atherton

Hillsborough

13A Locke Avenue:
Features: 3 bedrooms, garage
Outgoings: body corp levy $1040/year
Outcome: no bid
Agent: Michelle Mi

Mt Eden

Paddington Green, 7 Balmer Lane:
Features: 219m² site, 4-bedroom townhouse, 2 bathrooms, garage
Outcome: passed in
Agents: Sara Knight & Vern Hines

Valley View, 351 Mt Eden Rd, unit 6:
Features: 2-bedroom apartment, Juliet balcony
Outcome: sold post-auction
Agent: Anna Copeland

Mt Roskill

3 Keystone Avenue, unit 3A:
Features: one-bedroom apartment, 2 parking spaces, storage locker, full reclad completed
Outcome: no bid
Agent: Prasanna Kumar

353 Mt Albert Rd, unit 1:
Features: cross-lease, 95m² 3-bedroom upstairs unit, garage
Outcome: no bid, back on market at $699,000
Agent: Kelly Zhang

St Marys Bay

117 Shelly Beach Rd, unit 9:
Features: 3-bedroom terrace, 3 bathrooms, balcony, secure double garage
Outcome: no bid
Agents: Carl & Rosanne Madsen

Related story today: 5 apartments out of 5 passed in

Attribution: Auction documents.

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Onehunga light industrial units & 2 city apartments sell at auction

Both Onehunga commercial properties auctioned at Barfoot & Thompson’s city office today were sold under the hammer, and a retail property in Epsom was sold prior.

2 of the 3 central city apartments were sold – a 1930s Eden Hall unit after spirited bidding – and one was passed in.

Apartments

CBD

Federal St

Federal, 207 Federal St, unit 306:
Features: 61m², 2 bedrooms, balcony
Outgoings: body corp levy $4824/year
Outcome: passed in at $500,000
Agent: Selina Zheng

Learning Quarter

Eden Hall, 3 Eden Crescent, unit 5:
Features: 90m² 1930s art deco apartment, 3 bedrooms
Outgoings: body corp levy $5570/year
Outcome: sold for $895,000
Agent: Liz Derbyshire

Sapphire, 76 Wakefield St, unit 511:
Features: 51m², 2 bedrooms, balcony
Outgoings: rates $1435/year including gst; body corp levy $4289/year
Outcome: sold for $510,000
Agents: Stephen & Leo Shin

Commercial

Isthmus east

Epsom

83 Great South Rd:
Features: 278m² site, 92m² shop, 4 parking spaces, zoned business – local centre, which allows for 18m height
Rent:
Outcome: sold prior
Agents: Cam Paterson & Andrew Clark

Onehunga

136A Captain Springs Rd:
Features: 282m² unit zoned light industrial, predominantly warehouse, 300m from Te Papapa station
Outgoings: body corp levy $2211/year
Outcome: sold vacant for $866,000
Agents: James Marshall & Nick Wilson

136B Captain Springs Rd:
Features: 160m² warehouse + amenities, roller door access, 70% seismic rating, 2 parking spaces
Outgoings: body corp levy $2211/year
Outcome: sold vacant for $670,000
Agents: James Marshall & Nick Wilson

Attribution: Auction.

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Bayleys office ends year with 9 sales & 11 leases

Bayleys agents from the North Shore branch have started the year reporting 9 sales & 11 leases in November & December.

5 of the sales and 9 of the leases were on the Shore and at Silverdale. The rest were in Epsom, Grafton, Huntly, New Lynn & Westgate.

Sales

Isthmus east

Epsom

1B Edgerley Avenue:
Features: 357m² mixed-use property
Rent: $40,037/year net + gst
Outcome: sold at auction in December for $1.26 million + gst, yield 3.18%
Agent: Terry Kim

North-east

Rosedale

1-3 Parkhead Place:
Features: 4532m² industrial site, 2424m² building
Rent: $393,400/year net + gst
Outcome: sold in December for $5.1 million + gst at a 7.7% yield, $2104/m² land & building
Agents: Alex Strever, Laurie Burt & Matt Mimmack

4 Piermark Drive, unit D:
Features: 372.2m² industrial unit – office 175m², warehouse 150m², other area 47.2m², 7 parking spaces
Outcome: sold at auction in December for $920,000 + gst, at $2472/m² land & building
Agent: James Kidd

14-22 Triton Drive, unit C2:
Features: 130m² unit – office 90m², warehouse 40m², 3 parking spaces
Outcome: sold in December for $480,000 + gst, at $3692/m² land & building
Agents: James Yu & Alex Strever

14-22 Triton Drive, unit C3:
Features: 237.2m² unit – warehouse 55,9m², office 181.3m², 4 parking spaces        
Outcome: sold in December for $785,000 + gst, at $3309/m² land & building
Agent: Alex Strever

Silverdale

162 Foundry Rd:
Features: 2002m² site, 1032m² building
Rent: about $150,000/year net + gst
Outcome: sold in November for $3.05 million + gst, at 4.92% yield, $2955/m² land & building
Agents: Rosemary Wakeman & Matt Mimmack

North-west

Westgate

Northside Drive, lot 1, unit 6:
Features: 294m² industrial unit, 4 parking spaces
Outcome: sold in November for $990,000 + gst, at $3367/m² land & building
Agents: >Matt Mimmack & Ashton Geissler

Northside Drive, lot 1, unit 4:
Features: 309m² industrial unit, 4 parking spaces
Outcome: sold in November for $1.06 million + gst, at $3430/m² land & building
Agents: Matt Mimmack & Ashton Geissler

South of the Bombays

Waikato

Huntly

3768 State Highway 1:
Features: motel business on 3065m² site, 690m² floor area
Income: $68,000/year net + gst
Outcome: sold in December for $1.25 million + gst at 5.4% yield
Agent: David Han

Leases

Isthmus east

Grafton

14 Burleigh St, part ground floor:
Features: 561m² office, 16 parking spaces
Rent: leased in November for $144,360/year net + gst, $111,080 excluding parking, parking $40/space/week, premises rental $198/m²
Agent: Dean Gilbert-Smith

North-east

Albany

86 Bush Rd, unit U:
Features: 92m² office unit
Rent: leased in December for $29,660/year net + gst, net excluding parking $25,760/year + gst, premises rental $280/m²
Agent: Jane Sims

Birkenhead

65 Birkenhead Avenue, basement:
Features: 200m² industrial space, parking space
Rent: $30,000/year net + gst
Agents: Adam Watton & Adam Curtis

Gulf Harbour

69 Gulf Harbour Drive, unit H:
Features: 145m² retail area, 8 parking spaces
Rent: $38,160/year net + gst
Agent: Terry Kim

Rosedale

5 Beatrice Tinsley Crescent, unit B:
Features: 361m² industrial unit, 5 parking spaces
Rent: leased in December for $50,000/year net + gst
Agent: Laurie Burt

10B Canaveral Drive:
Features: 300m² industrial, 5 parking spaces
Rent: leased in December for $52,000/year net + gst, net excluding parking $52,000, premises rental $173/m²
Agent: James Kidd

7 Vega Place, unit F:
Features: 132m² industrial unit, 2 parking spaces
Rent: leased in December for $23,000/year net + gst, net excluding parking $23,000, premises rental $174/m²
Agent: Laurie Burt

45 William Pickering Drive, unit A:
Features: 340m² industrial unit, 7 parking spaces
Rent: leased in December for $65,000/year net + gst, net excluding parking $65,000/year + gst, premises rental $191/m²
Agents: James Kidd & Laurie Burt

51 William Pickering Drive, unit 9, level 1:
Features: 60m² office space, parking space
Rent: leased in December for $14,000/year net + gst, net excluding parking $14,000, premises rental $233/m²
Agent: Terry Kim

Silverdale

10 Silverdale St, shops 2 & 3:
Features: 262m² retail area, no parking
Rent: leased in December for $98,000/year net + gst, premises rental $374/m²
Agents: Adam Curtis & Adam Watton

North-west

New Lynn

3047 Great North Rd, first floor:
Features: 370m² office, 10 parking spaces
Rent: leased in November for $93,000/year net + gst, $80,000 excluding parking, parking $25/space/week, premises rental $251/m²  
Agents: Chris White & Damian Stephen

Attribution: Agency release.

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2 apartments, townhouse & 2 land sales at Barfoot auctions

2 apartments were sold and 2 (plus a city fringe bungalow) passed in at Barfoot & Thompson’s city auction today.

At 2 auction sessions yesterday, the agency sold a Grafton townhouse, and a subdivided Victoria Avenue lot and an ex-state house in Remuera.

CBD

Learning Quarter

Tower Hill (pictured), 1 Emily Place, unit 11E:
Features: 60m², one bedroom, parking space
Outgoings: rates $1825/year including gst; body corp levy $4064/year
Outcome: sold for $645,000
Agents: Stephen & Leo Shin

Sapphire, 76 Wakefield St, unit 1212:
Features: 23m² studio
Outgoings: rates $1019/year including gst; body corp levy $2119/year
Income assessment: $330/week current
Outcome: sold for $275,000
Agents: Betty Shao & Donna Rugay

Argent Hall, 2 Eden Crescent, unit 8E:
Features: 31m² studio
Outgoings: body corp levy $3158/year
Outcome: passed in at $250,000
Agents: Stephen & Leo Shi

Isthmus east

Epsom

Ivory, 10 Lion Place, unit 214:
Features: one bedroom, balcony
Outcome: auction postponed
Agents: Stephen Shin & Rhys Chen

Grafton

8K Glasgow Terrace:
Features: 2-level townhouse, one bedroom, study, storage locker, double garage
Outgoings: body corp levy $2535/year
Outcome: sold for $700,000
Agents: Bella Stefano & Sherry Shao

Parnell

11 Balfour Rd, unit 3:
Features: one-bedroom unit on ground floor of 3-storey block, parking space
Outcome: sold at auction brought forward to 1 December
Agent: Alex Baker

13 Cheshire St, unit 102:
Features: one-bedroom apartment, balcony, parking space
Outgoings: body corp levy $2795/year
Outcome: no bid
Agents: Qiao Liu & Harry Yu

Remuera

310 Victoria Avenue, lot 3:
Features: 619m² section
Outcome: sold for $2.66 million at $4297m² land; the other 2 lots down this right of way have already been sold
Agents: Leila & David MacDonald

88 Abbotts Way:
Features: 613m² section, 3-bedroom 1950s ex-state house, single garage
Outcome: sold for $1.166 million
Agents: Steve Hood

Isthmus west

College Hill

80 College Hill:
Features: 230m² section, 2 vacant self-contained units in a bungalow, consented for 2 flats but both used as a single office, rear service lane access & parking
Outcome: no bid
Agents: Agnes Teh & Layne Stephens

Mt Eden

18 Edenvale Crescent, unit 6:
Features: one bedroom, parking space, storage
Outgoings: body corp levy $2930/year
Outcome: no bid
Agent: Andrew Gallagher

Attribution: Auctions.

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Updated: 3 sell out of 10-apartment offering, 4th sells shortly after

Published 24 November 2017, updated 28 November 2017:
3 of the 10 apartments & suburban units auctioned at Ray White City Apartments on 23 November sold under the hammer. A fourth, in the Soho Lofts, was sold shortly after the auction.

CBD

High St

Updated: Soho Lofts, 55 High St, unit 6A:
Features: 196m², 2 bedrooms, study, 2 bathrooms, 2 parking spaces in separate building, 155 Queen St
Outgoings: rates $2435/year including gst for apartment, $1356 & $769/year for parking; body corp levy $8815/year for apartment, $1482/year including gst for each parking space; vendor indemnified buyer against liability for any outstanding remediation work, to finalise code compliance certificate & for any further litigation costs
Outcome: passed in after bids up to $1.185 million, closing with vendor bid at $1.25 million; a sale was concluded later in the day at $1.25 million
Agents: Josh Muriwai & Liz McCarthy

Learning Quarter

Celestion, 19 Anzac Avenue, unit 1402:
Features: 50m², furnished 2 bedrooms, 10m² balcony
Outgoings: rates $1448/year including gst; body corp levy $4725/year
Income assessment: vacant – outside hotel lease
Outcome: passed in at $496,000
Agents: Michelle & Judi Yurak

96 on Symonds, 96 Symonds St, unit 502:
Features: 45m², fully furnished 3 bedrooms
Outgoings: rates $1201/year including gst; body corp levy $4783/year
Income assessment: $650/week fixed until March – out of apartment management pool; appraisal $650-680/week
Outcome: sold for $501,000
Agents: May Ma & Mark Li

Uptown

Nova en Scotia, 18 Scotia Place, unit 9G;
Features: 51m², 2 bedrooms, secure parking space & storage locker
Outgoings: rates $1513/year including gst; body corp levy $4953/year
Income assessment: vacant – appraisal $470-500/week in present condition, $500-550/week renovated
Outcome: sold for $542,500
Agents: Mitch Agnew & Ryan Bridgman

Victoria Quarter

Sugartree Centro, 145 Nelson St, unit 801:
Features: 42m², one bedroom, 4.6m² balcony
Outgoings: body corp levy $2375/year
Income assessment: $480-520/week furnished
Outcome: no bid
Agents: Lisa Zhang

Isthmus east

Epsom

Ivory, 10 Lion Place, unit 201:
Features: 103m², 3 bedrooms, 2 bathrooms, balcony, 2 secure basement parking spaces, 2 storage units
Outgoings: body corp levy $4172/year
Outcome: sold for $1.386 million
Agents: Tanya Kwasza & Andrea Manni

Parnell

Stonemason’s House, 27 Falcon St, unit 3C:
Features: 53m², one bedroom, mini Juliette balconies
Outgoings: rates $1633/year including gst; body corp levy $3291/year
Outcome: passed in at $420,000
Agents: Tanya Kwasza & Andrea Manni

Isthmus west

Eden Terrace

43 Virginia Avenue East, unit 104:
Features: 61m², fully furnished 2 bedrooms, deck, secure basement parking space
Outgoings: rates $1246/year including gst; body corp levy $4195/year
Income assessment: $500/week, fixed until September 2018, appraisal $500-550/week furnished
Outcome: passed in at $350,000
Agents: May Ma & Mark Li

Sandringham

10 Begbie Place, unit 7:
Features: cross-lease, 1/8 share in 1310m², 44m² unit, one bedroom
Outgoings: rates $1451/year including gst
Income assessment: $315/week unfurnished
Outcome: vendor bid at $300,000, passed in at $301,000
Agents: Dusan Valenta & Adele Keane

North-west

Te Atatu South

59 Royal View Rd, unit 2:
Features: 3 bedrooms, garage
Outgoings: rates $1723/year including gst
Outcome: offered on “as is, where is” basis, passed in at $605,000
Agents: Zarlane & Bernie Grubisic

Attribution: Auction.

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Dozen sales for JLL

JLL agents have sold 11 commercial properties around Auckland and one in Palmerston North.

CBD

Learning Quarter

44E Anzac Avenue:
Features: 168m² office floor with apartment conversion potential, 2 parking spaces
Rent: $35,280/year net
Outcome: sold for $580,000 at a 6% yield
Agent: Jason Armstrong

Isthmus east

Epsom

Knights Inn, 234 Green Lane West:
Features: 26-unit motel
Outcome: sold for $9.5 million
Buyer’s agents: Jason Armstrong & Jarred Hill

Isthmus west

Blockhouse Bay

552-554 Blockhouse Bay Rd:
Features: 2 shops of 50m² & 53m², leased to a hair salon & a Thai food takeaway
Rent: $44,240/year net + gst
Outcome: sold for $911,000 at a 4.85% yield
Agent: Kevin Reardon

Grey Lynn

27 Nixon St:
Features: 455m² 2-level building, residential over ground-floor warehouse
Outcome: sold vacant for $2.2 million
Agents: Jason Armstrong & Alex Wefers

30a Pollen St:
Features: 377m² industrial unit – 306m² ground-floor warehouse, 70m² office & amenities, 4 parking spaces
Rent: $68,000/year net + gst
Outcome: sold for $1.365 million at a 4.98% yield
Agents: Alex Wefers & Jarred Hill

60A Surrey Crescent:
Features: 147m² industrial unit, 4 parking spaces
Rent: $37,000/year net + gst
Outcome: sold for $728,000 at a 5.08% yield
Agents: Alex Wefers & Jarred Hill

Mt Albert

43a Linwood Avenue, unit 7:
Features: 260m² vacant warehouse unit, 6 parking spaces
Outcome: sold for $750,000 at a 5.2% yield on market rent
Agent: Alex Wefers

Mt Eden

45A Normanby Rd:
Features: 582m² industrial unit – 385m² warehouse, 197m² office & amenities, 10 parking spaces
Outcome: sold vacant for $2.058 million
Agent: Ben Jamieson

23 Edwin St, unit G02:
Features: 105m² office unit, 4 parking spaces, new 3-year lease
Rent: $50,000/year net + gst
Outcome: sold for $1.05 million at a 4.76% yield
Agent: Ben Jamieson

North-east

Mairangi Bay

17-19 Apollo Drive:
Features: vacant 13,008m² zoned general business
Outcome: sold on behalf of AUT, price confidential
Agents: Jason Armstrong & Dave Mayhew

41 Centorian Drive:
Features: 20,172m² of subdivisible residential land zoned mixed suburban, longtime home of medical publisher Adis International Ltd (more recently Springer Science+Business Media)
Outcome: sold, price confidential
Agents: Jason Armstrong & Dave Mayhew

South of the Bombays

Manawatu

Palmerston North

10-15 The Square:
Features: 1830m² of office & retail space
Outcome: sold, price confidential
Agent: Jason Armstrong

Attribution: Agency release.

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4 apartment & unit sales out of 13 on offer, one commercial sale under the hammer

Of 14 apartments, townhouses & units auctioned at Barfoot & Thompson’s city office over the last 2 days, 3 sold under the hammer and one post-auction, and one was withdrawn.

The one commercial property auctioned at yesterday’s regular apartments & commercial session, a shop in the Mt Roskill village, was sold under the hammer.

Apartments, townhouses & units:

CBD

Learning Quarter

Statesman, 1 Parliament St, unit 1305:
Features: one-bedroom apartment, balcony
Outgoings: body corp levy $3532/year
Outcome: sold for $508,000
Agent: Sarah Zhang

Uptown

39 Pitt St, unit 25:
Features: 2-bedroom apartment, covered parking space
Outgoings: body corp levy $2096/year + special levy this year $1499 for painting
Outcome: passed in
Agents: Luke Shi & Alexander Kramarenko

Victoria Quarter

Fiore on Hobson, 152 Hobson St, unit 205:
Features: one-bedroom apartment, balcony
Outgoings: body corp levy $2682/year
Outcome: passed in, back on market at $379,000
Agents: Livia Li & Alan Guo

Isthmus east

Epsom

5 Bloomfield Place:
Features: 2-level 4-bedroom unit, 2 bathrooms, offstreet parking
Outcome: no bid, sold post-auction
Agents: Frances Li & Ian Thornhill

30 Kimberley Rd, unit 4:
Features: 2-bedroom ground-floor unit, offstreet parking space
Outcome: no bid, back on market at $599,000
Agent: Cici Wang

One Tree Hill

133 Campbell Rd, unit 3:
Features: 2-bedroom unit, garage
Outcome: sold for $750,500
Agents: Tommy Joseph Fernandez & Kathi Yuen

Parnell

Dakota, 5 Cheshire St, unit 3J:
Features: 74m², 2-level 2-bedroom apartment, 2 bathrooms, secure parking space
Outcome: sold for $811,500
Agent: Steve Su

11 Dovedale Place:
Features: leasehold, reclad 3-bedroom townhouse, 2 bathrooms, single internal-access garage, code compliance certificate to be issued before settlement
Outcome: no bid
Agent: Gill Macdonald

Remuera

Stonecrest, 707 Remuera Rd, unit 3C:
Features: 3-bedroom apartment, 2 bathrooms, deck, 3 parking spaces, storage locker
Outcome: no bid
Agents: Leila MacDonald & Michael Bacher

32 & 34 Wiles Avenue:
Features: 1437m² section in 2 titles, 2 ex-state duplexes, one of 2 bedrooms, the other of one bedroom; resource & building consents issued for 2 new homes – one on a net 562m², floor area 390m², the other on 775m², floor area 456m²
Outcome: no bid
Agent: Michelle Zhang

St Johns

95I Felton Mathew Avenue:
Features: 4-bedroom apartment, offstreet parking
Outcome: no bid
Agent: Peter Hutson

95K Felton Mathew Avenue:
Features: 3-bedroom apartment, deck, offstreet parking
Outcome: withdrawn from auction
Agents: Maree Currie & Paul Robertson

Stonefields

9A Guyon St:
Features: 102m² site, 2-bedroom terrace, courtyard, carport
Outcome: passed in, back on market at $979,000
Agent: Philip Oldham

North-west

Kelston

8A Kelwyn Rd:
Features: 432m² section, 3-bedroom townhouse, 2 bathrooms, deck, patio, double internal-access garage
Outcome: no bid, back on market at $669,000
Agents: Cici Wang & Leo Liu

Commercial

Isthmus west

Mt Roskill

1484C Dominion Rd:
Features: shop on 147m² site
Rent: $8406/year + gst on lease to Vodafone NZ Ltd renewed for 2 years from today
Outcome: sold for $726,000
Agent: Nick Wilson

Attribution: Auction documents.

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