Archive | Karaka

Remuera & Mt Albert units sell at auctions

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.

CBD

Federal St

The Federal, 207 Federal St, unit 1008:
Features: 2-bedroom apartment
Outgoings: rates $1575/year including gst
Outcome: passed in, back on market at $569,000
Agents: Lucy Piatov & Chris Bell

Isthmus east

Remuera

3 Laxon Terrace, apartment O:
Features: 71m², 2-level townhouse in secure gated development, 2 bedrooms, deck & balcony, double garage
Outgoings: rates $2014/year including gst; body corp levy $2272/year after early payment discount
Outcome: sold for $830,000
Agents: Paul Sissons & Harry Cheng

Broadway Park, Ascot, 8 Middleton Rd, unit G02:
Features: 142m² apartment in pet-friendly complex, 2 bedrooms, 2 bathrooms, secure basement parking space
Outgoings: rates $3355/year including gst; body corp levies $6152/year (Broadway), $2206/year (Ascot)
Outcome: passed in
Agent: Paul Sissons

Isthmus west

Mt Albert

69F Woodward Rd:
Features: 2-bedroom 1970s solid concrete, ground-floor end unit, garden, 2 parking spaces
Outcome: sold for $581,000
Agents: Clive Lay & Kalala Bowden

North-east

Milford

2 Argyle Terrace, unit 4:
Features: 2 bedrooms, garage + second parking space
Outcome: passed in
Agent: Joan Barton

South

Karaka

75 Whangapouri Rd:
Features: 9.5ha site fenced into 7 paddocks, in area of lifestyle homes & new subdivisions
Outcome: passed in
Agents: Shane Snijder, Kristina Liu & Peter Sullivan

Attribution: Agency release.

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8 sales at Auckland Total Property auction

Published 24 October 2014
8 properties were sold under the hammer at Bayleys’ Total Property auction in Auckland on Wednesday.

CBD

Queen St valley

396 Queen St, shop 5:
Rent: $80,000/year, lease of 12 years from 1 April 2014 with 12-year renewal
Outcome: passed in
Agent: Millie Liang

396 Queen St, shops 9 & 17 and lot 5
Outcome: withdrawn from auction
Agent: Millie Liang

Isthmus west

Onehunga

289 Onehunga Mall:
Features: 528m² unit, 18 secure parking spaces
Rent:
Outcome: passed in
Agents: Kate Kirby & Stephen Scott

Ponsonby

293-297 Ponsonby Rd:
Features: 366m² site, 170m² century-old retail building, 3 tenants, 2 on final renewal of leases that started in 1997 & 2002
Rent: $150,253/year + gst
Outcome: sold for $2.82 million at a 5.33% yield
Agents: Cameron Melhuish & Sunil Bhana

St Lukes

49 Sainsbury Rd, unit 7:
Features: 700m² 2-level warehouse & office unit, 14 parking spaces, leased to Wika Instruments for 6 years from June 2014
Rent: $140,000/year + gst
Outcome: sold for $1,888,000 at a 7.4% yield
Agents: Clint Barber & Andrew Beacham

Three Kings

49 Carr Rd:
Features: 809m² corner site, 734m² building currently used for food production, leased to Lincoln Bakery for one year from February 2014 with one-month termination clause
Rent: $7500/month
Outcome: sold for $1.21 million at a 7.4% yield
Agents: Mike Adams & James Appleby

North

Wellsford

1652-1654 State Highway 1:
Features: 3884m² site, 1187m² building occupied by Wharehine Ltd civil construction business, at southern entry to Wellsford
Rent:
Outcome: passed in at $900,000
Agents: Duncan Napier & Steve Orr

North-east

Silverdale

30 Anvil Rd:
Features: 1750m² site, 772m² purpose-built food-grade manufacturing building, occupied by pie-maker Jesters Manufacturing NZ Ltd on 4-year lease from June 2014
Rent: $115,000/year + gst + opex
Outcome: sold for $1.18 million at a 9.7% yield
Agents: Rosemary Wakeman

Stanmore Bay

639E Whangaparaoa Rd:
Features: 114m² commercial unit occupied by Subway,
Rent: $35055/year
Outcome: passed in at vendor bid of $480,000
Agents: Duncan Napier & Steve Orr

Wairau Valley

84-90 Hillside Rd, unit E:
Features: 480 floor area including office & amenities, existing use rights for a fitness centre
Rent: vacant
Outcome: sold for $581,000
Agents: Trevor Duffin & John Algie

North-west

Henderson

151 Lincoln Rd, unit 4:
Features: 150m², new shop leased to Oporto
Rent: $55,000/year net
Outcome: withdrawn from auction
Agents: Matt Lee & James Chan

1-13 Railside Avenue:
Features: 1404m² site, 207m² roadfront retail, 54m² rear warehouse
Rent: $77,000/year net
Outcome: passed in
Agents: Grant Miller & Harvey Zhang

33-35 Waipareira Avenue, unit C:
Features: 270m² warehouse, 45m² office & amenities
Rent:
Outcome: passed in
Agents: Mike Adams & Laurie Bell

New Lynn

3140 Great North Rd:
Features: 150m² site with development potential, 80m² building occupied by Cash in a Flash on a lease with final expiry May 2018, next to Bunnings site under construction
Rent: $15,800/year + gst
Outcome: sold for $393,500
Agents: Mike Adams & Paul Dixon

South

East Tamaki

50 Stonedon Drive, unit 8:
Features: 211m² live/work unit in a new complex
Rent: $41,600/year + outgoings + gst from 2-year lease with one-year right of renewal
Outcome: no bid
Agents: Mike Marinkovich

Howick

682 Pakuranga Rd:
Features: 10-unit motel plus 4-bedroom manager’s home & office on 1677m² site, sold as freehold going concern
Rent:
Outcome: sold for $2.35 million
Agents: Shiona Dyer & Paul Dixon

Karaka

322 Hingaia Rd:
Features: 1105m² commercially zoned site, vacant 140m² 3-bedroom villa plus 140m² takeaway/dairy
Rent: $20,800/year current, potential assed at $42,000/year
Outcome: sold for $560,000
Agents: Marty Roestenburg & Peter Migounoff

Papakura

33-35 O’Shannessey St:
Features: 2 shops & 4 2-bedroom apartments with onsite parking
Rent:
Outcome: passed in
Agents: Peter Migounoff

Pukekohe

12 Cape Hill Rd:
Features: 3.2ha site, 6 well established tenants
Rent: $480,860/year + gst
Outcome: sole bid from vendor at $4.2 million
Agents: Shane Snijder & Peter Migounoff

Attribution: Auction.

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Summerset extends landbank to 7 years’ supply, doubles Karaka village

Summerset Group Holdings Ltd has bought 3.2ha adjoining the retirement village it’s building in Karaka, South Auckland, which will almost double the village’s footprint to 6.8ha.

New chief executive Julian Cook told the company’s annual meeting in Wellington on Wednesday the purchase would help the company’s growth as it anticipates bigger deliveries of retirement units, care apartments & care beds at multiple sites.

Summerset will build about 250 retirement units this year, rising to 300 in 2015. It built 209 in 2013.

The company had already extended its landbank last year with purchases at New Plymouth, Lower Hutt, Trentham, Casebrook & Wigram, but Mr Cook said Auckland was a key region for Summerset, which has villages in Warkworth, Manukau, Karaka & Hobsonville, and a greenfield site at Ellerslie. The landbank now stands at more than 2000 retirement units & nearly 600 care beds.

“When these 5 villages are completed, we will have spent more than $500 million in the region and created homes for some 1300 residents.”

Mr Cook said the company’s goal was to be the number one choice in retirement village & aged care services in New Zealand: “Summerset’s early goal of building 20 villages in 20 years is now within our grasp. After 17 years in the business, we have just launched our 18th village, the $120 million Hobsonville village – a truly special location on the waterfront in Auckland. With developments like this, I believe being number one choice is imminently achievable too.”

He said Summerset had been named best retirement village operator in Australasia 4 years running because of its focus on the customer, and the challenge was to maintain that listening approach as the company grew.

“Ultimately we do all of this to create villages that enhance residents’ lives, and I feel deeply about making sure older New Zealanders have an enjoyable retirement in communities built with their care & needs in mind.”

Attribution: Company release.

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Summerset gets consent for Karaka & Hobsonville villages

Summerset Group Holdings Ltd was granted resource consent on Friday for the initial phase of a $70 million retirement village at Karaka, and followed that up today with Environment Court approval for its $120 million village at Hobsonville.

Combined, the 2 villages will release 450 existing homes on to the property market as owners move to the retirement villages, a point Summerset chief executive Norah Barlow expanded on below.

The Karaka village, on a 3.6ha Hingaia Rd site, will have 125 villas, townhouses, apartments & care apartments, and will offer resthome & hospital-level care. The company has a further 1.2ha adjacent to the site which would allow for expansion, subject to resource consent.

Named Summerset at Karaka, it will be the retirement company’s 17th village and the third in the Auckland region after villages in Manukau & Warkworth. It has another site at Ellerslie earmarked for a village.

At Hobsonville, Summerset applied for consent in August last year for a 327-unit retirement village on 7.6ha at the waterfront Monterey Park, which has 180-degree views of Waitemata Harbour out to Herald Island and is across the road from the Hobsonville airbase, which is being redeveloped for residential & business uses.

Auckland Council commissioners declined consent in February but the company said today it had received Environment Court approval for the $120 million village, which would be home to about 350 residents on completion.

The council hearing panel of Les Simmons (chairman), Melean Absolum, Bill Kapea & Lisa Whyte found: “The change from the existing semi-rural character of the land to a medium-density residential urban character will have more than minor adverse effects on the landscape character, particularly when measured against the anticipated rural character defined by the current location of the metropolitan urban limit. We also find that the location of a string of one- & 2-storey houses around the crest of the coastal escarpment will have more than minor visual effects that will not be sufficiently mitigated by the landscape design for the retirement village, particularly for the viewing audience to the north & north-east, on Herald Island & the Greenhithe coast.”

Mrs Barlow said the company had worked with the council to reach agreement on an amended design that met both the needs of the council’s vision for the area and Summerset’s retirement village proposals. “This was successfully concluded in October, with all previous appellants withdrawing and the Environment Court supporting the agreed proposal.”

Mrs Barlow said the village would have about 225 villas, apartments & care apartments, and a 90-bed care centre providing resthome & hospital-level care. The village will be named Summerset at Monterey Park.

Construction on the first stage will start soon on what will be one of Summerset’s largest developments. Mrs Barlow said it would offer residents the full range of care, from independent living to hospital-level care, and would have extensive recreation & medical facilities.

“This village is going to be an asset for the community and for wider Auckland. We look forward to contributing to the growth of Hobsonville, which is on its way to becoming a vibrant part of the city. We will be providing a range of housing options, from a premium high-end product to smaller homes which will help meet Auckland Council’s housing needs.”

Mrs Barlow said the Summerset village supported both council & government policies, which encouraged development that would help address the shortage of housing in Auckland. She said residents moving to the village had the potential to release up to 300 homes onto the property market.

“In our experience, many of the people moving into retirement villages are downsizing from 3- & 4-bedroom family homes. I believe this will play a part in assisting Auckland’s housing shortage and fulfil the council’s goal of ensuring all Aucklanders are living in secure, healthy homes they can afford.

“Feedback from the community has been positive and inquiries have been consistent since Summerset bought the land. Much of the interest has been from West Aucklanders, many of whom are pleased a modern retirement village is being built in the area, which so far has suffered from a shortage of offering. In the past, people have had to move to the North Shore, which is often some distance from their family & community.”

Attribution: Company releases.

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Commissioners approve Karaka childcare centre despite future-urban nature of site

Published 3 December 2012

Commissioners have approved an application to establish a childcare centre on a site designated for future urban use and on what is intended to be a boulevard entry to the Karaka Lakes subdivision on the other side of the road.

Subdivision developers Frank & Juliet Reynolds, of Karaka Lakes Ltd, opposed the childcare centre’s development on a future-urban site and because it would have access off the Hingaia Rd boulevard when the district plan expressly disallowed that, and council planner Eilish Gardner recommended consent be refused.

The hearing panel of Justine Bray (chairman) & Kim Hardy ordered that the existing crossing to a house on the front of the site should be closed, leaving a single crossing off Hingaia Rd. The commissioners took no account of a possible new crossing to the neighbouring Summerset retirement village because the application for that was only lodged on 5 October, and they said they couldn’t order childcare centre access from the next street because they had no evidence on the timing, location & design of the future road connections within the structure plan area. It was likely they’d need consent of adjoining landowners to access a future road connection.

The childcare centre application for 71 Hingaia Rd, Hingaia, was by Hingaia Holdings Ltd (John Murdoch senior & junior). They’ve been cleared to demolish industrial buildings and establish an 800m² single-storey childcare centre for 150 children on the rear 4050m² half of the site, with 40 parking spaces. The application was heard in October and the commissioners made their decision on 22 November.

The site is zoned rural, but future urban under proposed plan change 13. The commissioners said they considered the site could be adequately serviced, although the wastewater infrastructure isn’t yet in place and is outside of the applicant’s control.

Retirement village developer & operator Summerset Group Holdings Ltd lodged an objection based on the anticipated noise of children across the fence, but later gave written approval for the centre’s development.

Want to comment? Go to the forum.

 

Attribution: Decision, hearing report, story written by Bob Dey for the Bob Dey Property Report.

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Karaka Lakes gets second major builder on site

Published 21 October 2009

Fletcher Residential Ltd has bought 36 of the sites available in stage one of the $30 million Karaka Lakes residential development on the Hingaia Peninsula, Papakura, and has begun building homes under its Aston Marsh, Fyfe & Spaceline brands.

 

Karaka Lakes is being developed by former farmer Frank Reynolds & family, after 10 years of planning.

 

Fletcher Residential has come into the subdivision behind Universal Homes Ltd, which has 51 houses under construction. Other sites have been sold to a selection of boutique builders including Jalcon, Landmark Homes, David Reid Homes & Hughes Construction.

 

The development site, next to the Karaka Bloodstock Centre, had $12 million of infrastructure completed in August 2008, including 2 manmade lakes used as stormwater ponds.

 

The whole 50ha development is intended to have 500 homes on completion of the final stage in 2016. It’s been broken into 5 neighborhoods – Farm, Woodland, Orchard, Herbal Garden & Lake Edge – each with its own reserve and all themed to complement the history of the land.

 

Want to comment? Go to the forum.

                                                                                              

Attribution: Company release, story written by Bob Dey for the Bob Dey Property Report.

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Concept plans for Karaka sports ground approved

Published 24 August 2009

Franklin District Council & the Karaka Sports Park Development Committee have approved concept plans for a new recreation development at Karaka Sports Ground.

 

The council bought an additional 13ha next to the sports ground in 2007 and has been working with the development committee & community groups on developing concept plans for a largescale sports & recreation development since then.

 

Plans include 2 new netball & 3 new tennis courts, another 3 courts to be shared between netball & tennis, 3 new main rugby fields & 2 additional training fields, junior & touch rugby fields, soccer fields, cricket ovals & junior cricket facilities.

 

Council community facilities general manager Ian Alexander said the park would include walkways, green spaces & plantings, children’s play areas & a village green for the community to use for events: “This development will truly create a heart for Karaka & surrounding areas.”

 

For the longer term, the concept plan includes space for artificial sports turfs for hockey, athletics facilities & new multi-use clubrooms which could include indoor sports facilities for basketball, indoor netball & cricket.

 

The council has allocated $1.8 million more for ground, field & infrastructure development. Next steps include designing detailed plans and progressing through to the resource consents phase, which should be achieved by the end of this year. Physical works are due to begin in late 2011.

 

Want to comment? Go to the forum.

                                                                                              

Attribution: Council release, story written by Bob Dey for the Bob Dey Property Report.

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28ha Karaka subdivision proposed

Published 10 January 2009

Jurisdiction: Franklin District

 

Neighbourhood: Karaka

 

Applicant: Colin Devine

 

Application detail: 68 Urquhart Rd, application for combined subdivision & land use to subdivide a 28.1785ha rural/coastal-zoned property into 8 lots, undertake 8200 m³ of earthworks to form accessways & building platforms, and construct 6 dwellings, 4 of these within the additional natural character setback from the Manukau Harbour.

 

The 5 additional countryside living lots will range in size from 1.26-2.6ha; there would be one shared access lot and a balance lot of 17.9ha that would be split by the shared-access lot. The site contains class 2 & 3 versatile soils and 3 protected archaeological sites (middens).

 

Submission closure date: Thursday 15 January

 

Other details: Mr Devine is a director of Answer Services (Holdings) Ltd, Answer Services (NZ) Ltd, Ballysaggart Nominees Ltd, Finders Ltd, Home Watch Ltd, Monitor NZ Ltd, Protected Home Ltd & Secure Home Ltd.

 

Want to comment? Email [email protected].

                                       

Attribution: Council notice, story written by Bob Dey for the Bob Dey Property Report.

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