The old Ponsonby fire station has been sold at auction, and so has a 12-bedroom suburban boarding house.
Those were among 4 commercial auction successes at Barfoot & Thompson last week, details below.
The agency’s auction room was notably quieter this week, its last before the holiday break. Barfoot & Thompson will resume its auction programme on Tuesday 27 January.
In the apartment sector, the agency sold one apartment on behalf of the mortgagee yesterday, got no bid on 2 other apartments and passed a fourth one in.
In commercial property, the one warehouse taken to auction yesterday was passed in.
Pullman Residences, 6 Princes St, unit 9E:
Features: 70m², one bedroom, balcony, parking space
Outgoings: rates $1897/year including gst; body corp levy $8783/year
Outcome: passed in at $587,000
Agents: Sarah Garlick & Paul Paek
Sebel, 85 Customs St West, unit 416:
Features: leasehold, one bedroom + study, balcony, secure parking
Outcome: sold for $160,000 at mortgagee auction
Agents: Philip Davis & Paul Humphries
205 Tamaki Drive, unit 1:
Features: ground floor, 3 bedrooms, single garage + single carport
Outcome: no bid
Agents: Wayne McCarthy & Trevor Wyness
424 Remuera Rd, unit 301:
Features: 3 bedrooms, deck, double garage
Outcome: no bid
Agents: Leila MacDonald & Paul Barnao
35 Station Rd:
Features: 551m² building on 811m² site, showroom, office & warehouse occupied for 20 years by large multinational tenant
Rent: $88,576/year net from lease expiring in July 2016
Outcome: sold for $1.425 million at 6.22% yield
Agents: Mark Peterson
210 Balmoral Rd:
Features: 612m² site in residential B6 zone, allowing dwelling/300m² of site area; 201m² floor area, fully consented 12-bedroom boarding house in 1900s bay villa with a rear addition built about 10 years ago,
Outgoings: rates $6108/year including gst; body corp levy $/year
Rent: $136,000/year gross based on 100% occupancy
Outcome: sold for $1.211 million
Agents: David Palmer & Cam Paterson
4 Winchester St:
Features: 200m² warehouse
Outcome: passed in at $815,000
Agents: Reese Barragar & Murray Tomlinson
13 St Mary’s Rd (the old Ponsonby fire station):
Features: 295m² site, 221m² floor area, 20m² deck, built in 1902, a restaurant for the last 30 years, most recently Soto
Outcome: sold vacant for $2 million
Agents: Grant Magill, Scott Whitten & Reese Barragar
9 Smales Rd, unit 2:
Features: 360m² industrial unit – warehouse & 2 levels of office & amenities, 7 parking spaces
Outgoings: rates $4518/year including gst; body corp levy $2646/year
Rent: $42,000/year, final expiry of lease September 2019
Outcome: sold for $756,000 at a 5.5% yield
Agents: Mike Jensen
Attribution: Auctions, agency release.