20 residential sections in 5 development blocks in Mt Albert have been put on the market with resource consents in place, 4½ years after Housing NZ was granted special housing area status for a total 8094m².
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.
A purpose-built medical centre 5 doors from the St Lukes mall has been sold at a yield just below 4.5%, with development potential as leases near expiry.
Colliers agents have scored 3 big sales – on Carlton Gore Rd in Newmarket, the Royal Heights shopping centre and a childcare centre in Mt Albert.
All 4 apartments auctioned at Ray White City Apartments today were sold under the hammer, pricing the units in a range from $8500/m² internal space down to about $7000.
7 of the 11 homes auctioned at Barfoot & Thompson’s city office yesterday afternoon were cross-leases, and 3 sold.