Archive | Devonport

Corrected: Third unit leased in new Silverdale industrial development

Published 22 July 2018, corrected 23 July 2018
The third unit has been leased in a 10-unit office, showroom & warehouse development in the Silverdale industrial area on the Hibiscus Coast (pictured).

The 9000m² first stage of the new development by Collabor8 Property Ltd (Euan Armstrong, Wayne Boocock & Gavin Brannigan), on a 17,920m² site on Foundry Rd, is expected to be completed in October.

The units are in a range of 450-700m², with stud heights of at least 10m.

That lease, by Bayleys agent Rosemary Wakeman, is among 2 sales & 5 leases completed by the agency’s North Shore branch this month.

Correction: Some details on the first sale below, the premises on Victoria Rd, Devonport, have been corrected.

North-east

Sales

Devonport

Corrected: 81 Victoria Rd:
Features: 149m² site, 390m² mixed use premises – shop occupied by Nature Spirit Ltd, vacant office, upstairs flat
Rent: $68,872/year net + gst current, less irrecoverable opex from the flat; potential for further $25,000/year net from the office
Outcome: sold for $1.55 million + gst at site price of $10,403/m²; I’ve removed yield calculation because it didn’t reflect the (still unquantified) opex and did include the potential
Agents: Adam Watton & Adam Curtis

Wairau Valley

170 Wairau Rd, unit 10:
Features: 59m² office unit, tenant Motor Trade Finance Ltd
Rent: $39,000/year net + gst
Outcome: sold in July for $730,000 + gst at $12,373/m², 5.34% yield
Agents: Adam Watton & Adam Curtis

Leases

Silverdale

30 Foundry Rd, unit 2:
Features: 511m² industrial unit – warehouse 291m², showroom 106m², office 114m², canopy 31m², 8 parking spaces; developed by Collabor8 Property Group Ltd (Euan Armstrong, Wayne Boocock & Gavin Brannigan)
Rent: leased in July for $99,250/year net + gst, premises rental $194/m² (parking not separately charged)
Agent: Rosemary Wakeman

Takapuna

16 Como St, level 1:
Features: 80m² office or retail space, 2 parking spaces
Rent: leased in July for $28,000/year net + gst, premises rental $350/m² (parking not separately charged)
Agents: Dev Choudhury

33 Hurstmere Rd, shop 1:
Features: 21.7m² shop
Rent: leased in July for $26,000/year net + gst, premises rental $1198/m²
Agent: Ildy Meixner

360-362 Lake Rd:
Features: 189m² shop
Rent: leased in July for $85,000/year net + gst, premises rental $450/m² + gst
Agent: Dean Gilbert-Smith

Wairau Valley

3 Kaimahi Rd, unit A:
Features: 331m² industrial unit – warehouse 195.7m², office 135.1m², 6 parking spaces
Rent: leased in July for $48,000/year net + gst, premises rental $145/m² (parking not separately charged)
Agent: Trevor Duffin

Attribution: Agency release.

Continue Reading

2 retail sales, 4 leases on Shore

Bayleys agents on the North Shore have completed 2 retail property sales in Devonport & Hauraki and 4 leases, including 2 on Taharoto Rd, Takapuna.

North-east

Sales

Devonport

69-71 Victoria Rd:
Features: 443m² retail – retail area 227m², office 109m², other area 107m², 4 parking spaces, tenants Brolly Sheets, Yarntons & Monsoon
Rent: $143,650/year net + gst
Outcome: sold in April for $2.15 million + gst at $5780/m², yield 6.68%
Agents: Adam Curtis & Adam Watton

Hauraki

Details of a Hauraki sale have been removed as confidential.

Leases

Albany

63 Corinthian Drive, level 1, unit 4:
Features: 78m² office, 2 parking spaces
Rent: leased in April for $30,000/year net + gst
Agent: Jane McKee

Rosedale

9-11 Lovell Court, unit Q:
Features: 136m² industrial unit – office 68m², warehouse 68m², 4 parking spaces
Rent: leased in April for $28,000/year net + gst
Agents: Zoran Popovich & Laurie Burt

Takapuna

39 Taharoto Rd, level 1, tenancy B & C:
Features: 189m² office, 5 parking spaces
Rent: leased in April for $60,080/year net + gst, parking $40/space/week, rental excluding parking $49,680, premises rental $262.85/m²
Agents: Dean Gilbert-Smith, Adam Watton & Adam Curtis

68-76 Taharoto Rd, level 2, suite 16:
Features: 90m² office,
Rent: leased in April for $137,403/year net + gst, premises rental $1526.70/m²
Agent: Dean Gilbert-Smith

Attribution: Agency release.

Continue Reading

Suburban cross-leases & apartment sell, central apartment buyers already on holiday

3 suburban cross-leases & an eastern bays apartment were sold at Barfoot & Thompson auctions this week.

One central city apartment attracted a bid, 2 others didn’t, and the auction of a fourth was postponed until January.

CBD

Learning Quarter

Forte Residences, 37 Symonds St, unit 1401:
Features: 2-bedroom sub-penthouse, 2 bathrooms, balcony
Outgoings: body corp levy $3694/year
Income assessment: $510/week, fixed until 11 April
Outcome: passed in at $450,000
Agents: Oscar Zhao

Uptown

Avoka, 31 Day St, unit 8B:
Features: one-bedroom apartment, balcony; remedial works pending, offered with no claim against vendor
Outgoings: body corp levy $6765/year
Outcome: no bid
Agents: Jack Atherton & Sherryl Jones

Victoria Quarter

Hobson Gardens, 205 Hobson St, unit 7E:
Features: 102m², 2-bedroom apartment, 2 bathrooms, parking space, storage
Outgoings: body corp levy $4726/year excluding water
Outcome: no bid
Agents: Stephen Shin & Yasu Ka

Sugartree, 27 Union St, unit 115:
Features: 68m² internal, 2-bedroom apartment, 2 bathrooms, 8m² balcony
Outcome: auction postponed until Wednesday 17 January
Agent: Peter Wu

Isthmus east

Kohimarama

4 Averill Avenue, unit 3:
Features: one-bedroom apartment
Outcome: sold for $590,000
Agent: Lynn Gruenwald

Royal Oak

1 Ambury Avenue:
Features: cross-lease, half share in 827m², 4-bedroom bungalow, 2 bathrooms, carport
Outcome: sold for $1.325 million
Agents: Helen Gu

Isthmus west

Kingsland

69 Third Avenue:
Features: cross-lease, 3/5 share in 1131m², 3 bedrooms, 2 bathrooms, double garage
Outcome: sold for $1.19 million
Agent: Jo Pickering

North-east

Devonport

30 Kawerau Avenue:
Features: cross-lease, half share in 612m², 3-bedroom house, study, offstreet parking
Outcome: sold for $1.36 million
Agents: Sue Harrison & Toni Gregory

Attribution: Auctions.

Continue Reading

6 sales & 5 leases

Bayleys agents on the Shore have sold 5 commercial properties outside the auctionroom, from Stanmore Bay on the Whangaparaoa Peninsula through to Kelston in the west, and have also leased 5 properties, all on the Shore.

One other sale listed below is a post-auction transaction in Mt Eden.

Sales

Isthmus west

Mt Eden

54 Mt Eden Rd:
Features: 400m² site zoned mixed use, in Grammar zone, 130m² villa, garage + 3 parking spaces
Outcome: passed in at $1.4 million, sold at that figure post-auction
Agents: Alan Haydock, Phil Haydock & Damien Bullick

North-east

Albany

6-8 Omega St, unit 8:
Features: 181m² office unit – office 165m², other area 16m², 5 parking spaces
Outcome: sold in October for $620,000 + gst
Agents: Alex Strever & Ildy Meixner

Stanmore Bay

676 Whangaparaoa Rd:
Features: 261m2 mixed-use 2-level building on a half share of 1104m2 site, . Ground floor copy centre tenant renewed in January for 3 years at $26,300/year net, 3-bedroom apartment above with sea views has a rental appraisal of $27,000/year
Outcome: sold for $830,000
Agents: Mustan Bagasra & Dylan Turner

Takapuna

Sentinel, 3-9 Northcroft St, unit R1:
Features: 85m² retail unit, 6 parking spaces
Rent: $31,750/year net + gst
Outcome: sold in October for $665,000/year net + gst at 4.8% yield
Agents: Terry Kim, David Han & Mustan Bagasra

Wairau Valley

18A Ashfield Rd:
Features: 120m² industrial unit, 2 parking spaces
Rent: $25,800/year net + gst       
Outcome: sold to NZ Longevity Foundation Ltd in October for $475,000 + gst at 5.43% yield, $3958/m² land & building
Agent: James Yu

North-west

Kelston

31 Cartwright Rd, unit B:
Features: 53m2 industrial unit, 4.7m stud warehouse, mezzanine office & storage, new roof, 3 parking spaces
Outcome: sold vacant for $350,000
Agent: Simon Davies

Leases

North-east

Browns Bay

14 Clyde Rd:
Features: 764m² retail property – retail 590m², office 174m², 6 parking spaces
Rent: leased in October for $180,000/year net + gst
Agents: Anna Radkevich & Ranjan Unka

Devonport

57-59 Victoria Rd, office 2:
Features: 12m² office
Rent: leased in October at $9000/year net + gst, premises rental $750/m²
Agents: Chris White

Rosedale

59 Apollo Drive, ground floor right, unit G1:
Features: 155m² office, 4 parking spaces
Rent: leased in July for $43,150/year net + gst, including parking at $20/space/week, net excluding parking $38,990/year, premises rental $252/m²       
Agents: Alex Strever & Laurie Burt

39 Arrenway Drive, unit B3:
Features: 203m² industrial unit
Rent: leased in October for $37,000/year net + gst, premises rental $182/m²
Agents: Laurie Burt

Wairau Valley

89 Ellice Rd, unit 4D:
Features: 125m² industrial unit, 2 parking spaces
Rent: leased in October for $32,000/year net + gst
Agents: Dean Gilbert-Smith, Adam Curtis & Adam Watton

Attribution: Agency releases.

Continue Reading

2 sales & 8 leases for Shore agents

Bayleys agents on the North Shore have signed 2 sales in Albany and 8 leases – 7 on the Shore and the other in Glen Eden.

Sales

North-east

Albany

86 Bush Rd, unit M:
Features: 65m² office unit, 2 parking spaces     
Outcome: sold in September for $375,000 + gst
Agent: Alex Strever

100 Don McKinnon Drive, unit C:
Features: 180m² unit – retail 150m², office 30m², shared parking
Outcome: sold in October for $1.398 million + gst at $7767/m²
Agents: Rosemary Wakeman, Adam Curtis & Millie Liang

Leases

North-east

Devonport

57-59 Victoria Rd:
Features: 200m² retail area
Rent: leased in October for $80,000/year net + gst, premises rental $400/m²  
Agents: Chris White & Adam Curtis

Rosedale

5-7 Paul Matthews Rd, unit E:
Features: 700m² industrial unit – office 325m², warehouse 375m², 15 parking spaces
Rent: leased in September for $120,000/year net + gst
Agents: James Kidd & Chris White

Takapuna

56-60 Hurstmere Rd, shop 1:
Features: 53m² shop
Rent: leased in September for $31,920/year net + gst, premises rental $602/m²
Agent: Ildy Meixner

507 Lake Rd, ground floor:
Features: 200m² retail space
Rent: leased in September for $110,000/year net + gst, premises rental $550/m²
Agents: Adam Curtis & Adam Watton

Wairau Valley

89 Ellice Rd, unit 10B:
Features: 125m² industrial unit, 2 parking spaces
Rent: leased in September for $32,000/year net + gst
Agents: Dean Gilbert-Smith, Adam Curtis & Adam Watton

54 View Rd, ground floor, unit C:
Features: 118m² retail space, one parking space
Rent: leased in September for $21,000/year net + gst
Agents: David Han & Terry Kim

75 View Rd, unit 10:
Features: 61m² office, 2 parking spaces
Rent: leased in October for $13,000/year net + gst      
Agents: Terry Kim & David Han

North-west

Glen Eden

182 West Coast Rd, unit 5:
Features: 100m² retail unit, shared parking
Rent: leased in October for $35,000/year net + gst, premises rental $350/m²
Agents: Steven Liu & Damian Stephen

Attribution: Agency release.

Continue Reading

Devonport development site sells

A former service station site on Vauxhall Rd, Devonport, sold for $2606/m² at NAI Harcourts’ auction today.

The property was offered on “as is, where is” basis. It’s occupied by a vehicle repair business at the moment, but the vendor waived responsibility for building compliance, potential soil contamination and the condition & status of the site & building.

Council records showed the fuel tanks were removed about 2011.

North-east

Devonport

66 Vauxhall Rd:
Features: 1084m² site in 2 titles, 211m² workshop in former service station, holding income potentially for 3 years
Outgoings: $7478/year + gst rates & insurance, paid by the tenant
Rent: $37,859/year net + gst + opex, 15-year term from September 2005
Outcome: sold for $2.825 million at $2606/m² land
Agents: Dave Lane & Phil Clark

Attribution: Auction.

Continue Reading

Devonport apartment sells, mortgagee call in Kohimarama passed in

A Devonport apartment was sold at Bayleys’ North Shore residential auction last Thursday, but over in Kohimarama a 2-level apartment taken to mortgagee auction was passed in.

Isthmus east

Kohimarama

22D Hampton Drive:
Features: m², 2-level apartment with lift, 4 bedrooms, 3 bathrooms, 2 lounges, 2 parking spaces, wraparound decks on both levels, renovated & completely reclad in 2016
Outcome: passed in at mortgagee auction
Agent: Larry Sewell

North-east

Devonport

105 Victoria Rd, unit 1A:
Features: 4 bedrooms, 2 bathrooms, 2 lounges, 2 parking spaces,
Outcome: sold for $1.26 million
Agent: Patricia Hinchey

Attribution: Agency release.

Continue Reading

Industrial unit & office building sell, 6 leases signed

Bayleys agents on the North Shore have sold a Rosedale industrial unit and an office building across the road from Smales Farm, and signed 6 lease deals.

North-east

Sales

Rosedale

19 Orbit Drive, unit B:
Features: 748m² industrial unit – warehouse 438m², office 286m², other area 24m², 11 parking spaces
Outcome: sold in May for $2.2 million + gst at $2941/m² land & building
Agents: Ashton Geissler & Laurie Burt

Takapuna

43 Taharoto Rd:
Features: 897m² site, 700m² 2-level office building occupied by the Waitemata District Health Board and TRG Imaging Ltd, 20 parking spaces, on corner of Shea Rd opposite the Vodafone building at Smales Farm
Rent: $218,475.20/year net + gst
Outcome: sold in June for $4.1 million + gst at a 5.33% yield
Agents: Adam Watton, Adam Curtis & Eddie Zhong

Leases

Albany

28 Corinthian Drive, ground floor:
Features: 81m² retail, 4 parking spaces
Rent: leased in June for $45,350/year net + gst, parking $35/space/week, net $38,070/year excluding parking, premises rental $470/m²
Agents: Eddie Zhong & Dean Gilbert-Smith

Devonport

57-59 Victoria Rd, room 4:
Features: 20m² office,
Rent: leased in June for $8400/year net + gst, premises rental $420/m²
Agents: Jane Sims & Chris White

Rosedale

6 Ascension Place, unit C:
Features: 221m² industrial unit, 3 parking spaces
Rent: leased in June for $29,000/year net + gst, premises rental $131/m² (no charge for parking)
Agents: Ashton Geissler & James Kidd

9-11 Lovell Court, unit Q:
Features: 136m² industrial unit – warehouse 68m², office 68m², 4 parking spaces
Rent: leased in May for $28,000, premises rental $205/m² (no charge for parking)
Agent: Laurie Burt

Wairau Valley

33 Porana Rd, unit 4:
Features: 110m² warehouse, 2 parking spaces
Rent: leased in June for $18,750/year net + gst, premises rental $170.45/m² (no charge for parking)
Agent: Trevor Duffin

39-45 Porana Rd, unit E:
Features: 207m² industrial unit – warehouse 107m², office 100m², 4 parking spaces
Rent: leased in June for $32,500/year net + gst, premises rental $157/m² (no charge for parking)
Agents: Colin Harper & Laurie Burt

Attribution: Agency release.

Continue Reading

Mediation agreement signed for Ryman’s Devonport village

Ryman Healthcare Ltd said on Friday its new Devonport village was set to proceed following mediation talks with objectors.

The Devonport Peninsula Precincts Society appealed against the development to the Environment Court after Auckland Council planning commissioners granted resource consent in January for the village on Ngataringa Rd.

Ryman, the society, the NZ Institute of Architects & Urban Auckland have since been in mediation over the retirement village plans for the 4.2ha site owned by Ngati Whatua Orakei.

Ryman development manager Andrew Mitchell said differences were resolved amicably and all parties had signed an agreement. The resolution requires final approval from the Environment Court.

The 6 buildings of the proposed village were up to 6 storeys high, and Devonport residents opposed bulk & height. The parties haven’t disclosed changes to height or design, or how the increased traffic on Lake Rd will be dealt with.

It’s the first largescale consent on the North Shore considered under Auckland’s new unitary plan, and the society said on its website the factors opponents raised would remain relevant for the other largescale development sites (see map above).

Link: Devonport Peninsula Precincts Society

Attribution: Company release, society website.

Continue Reading

Trinity apartment sells

One apartment was sold, another apartment & a townhouse passed in at Bayleys residential auctions around the region this week (on top of the apartment sold at the city branch on Wednesday – click link below).

Isthmus east

Parnell

Trinity, 429 Parnell Rd, unit 302:
Features: 106m², air-conditioned 2 bedrooms, 2 bathrooms, decks, 2 parking spaces
Outgoings: rates $3463/year including gst
Outcome: sold for $1.375 million
Agents: Gary & Vicki Wallace

North-east

Belmont

3 Bellcroft Place, unit 1:
Features: 4-bedroom townhouse, 2 bathrooms, decks, garage
Outcome: passed in, back on market at $1.295 million
Agents: Amelia-Jane Hoffmann & Ryan Steven

South

Howick

12 Selwyn Rd, unit 1G:
Features: 2 bedrooms, 2 bathrooms, patio, parking space
Outcome: sold for $683,000
Agent: Doug McLean

Earlier story:
23 March 2017: Hotel unit sells on low yield and Mission Bay church goes

Attribution: Company release.

Continue Reading
WordPress Appliance - Powered by TurnKey Linux