Tag Archives | Parnell

Brewery’s former head office, 2 retail & commercial units sold

Bayleys agents have sold Lion Breweries’ former head office building in Newmarket (more recently known as BUPA House, pictured), a Symonds St retail unit and a commercial unit on The Strand.

CBD

Uptown

105 Symonds St, unit 5:
Features: 69.5mretail unit occupied by Portuguese bakery on 6-year lease, 3 3-year rights of renewal 
Rent: $50,388/year net + gst with 2% annual increases
Outcome: sold for $790,000 at a 6.38% yield
Agents: Millie Liang & Quinn Ngo

Isthmus east

Newmarket

5 Kingdon St:
Features: 1191msite zoned metropolitan centre, 4712m10-level commercial building constructed in the mid-1980s as Lion Breweries’ head office; 6 office levels, ground-floor restaurant, parking for 72 cars over 3 levels accessed off Suiter St; fully leased to 7 tenants & four sub-tenants, weighted average lease term close to 3 years
Rent: $1,485,570/year net + gst
Outcome: sold for $19.75 million at a 7.52% yield to a developer planning to retrofit the building & upgrade office accommodation
Agent: Layne Harwood

Parnell:

77 The Strand, unit D:
Features: 63m2 ground-floor premises in 2-level multi-unit complex, 2 parking spaces; polished concrete floor & high stud with self-contained bathroom
Outcome: sold vacant for $483,000
Agents: Scott Kirk & James Were

Attribution: Agency release.

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Updated: 5 (now 7) of 14 sell at Bayleys’ Auckland commercial auction, 3 of 3 in Tauranga

Published 25 October 2018, updated 29 October 2018 & 13 January 2019:
5 of the 14 properties were sold at Bayleys’ Total Property commercial auction on Wednesday and 5 attracted no bid.

At the agency’s Tauranga auction, all 3 properties were sold under the hammer.

Update 1: One property has been sold post-auction – a takeaway outlet in the Wairau Junction retail centre. The outcomes for 2 of the Auckland properties were transposed – for Ellerslie & Blockhouse Bay – and have been corrected below.

Update 2: The manager’s unit in The Sands apartment complex at Onetangi on Waiheke Island was sold just before Christmas, after attracting no interest at auction.

CBD

Chancery

Chancery Square, 44 Courthouse Lane, unit A206:
Features: 45m² unit leased to property management company
Rent: $33,500/year net + gst + outgoings
Outcome: sold for $380,000 at an 8.82% yield
Agents: Mike Adams & Jean-Paul Smit

Queen St

Mid-City, 239 Queen St, unit 1Y:
Features: m²,
Rent: $27,360/year net + gst, occupied by hair salon, lease term runs to April 2021 with further rights of renewal
Outcome: withdrawn from auction
Agent: Oscar Kuang

Hauraki Gulf islands

Waiheke Island

Onetangi

Updated: The Sands, 141 The Strand, unit 1:
Features: 104m² manager’s unit in the Sands apartment complex
Rent: $28,723/year net + gst + outgoings
Outcome: passed in without a bid at auction in October, sold in December for $525,000 + gst at a 5.47% yield
Agents: Brian Caldwell & Mana Tahapehi

Isthmus east

Ellerslie

Updated: 101 Main Highway, unit 12:
Features: 272m² Asian supermarket at Ellerslie shopping centre, 10 parking spaces
Rent: $60,000/year net + gst, 5-year lease in place with 2 5-year rights of renewal
Outcome: passed in at $800,000 (2 results transposed – originally posted as $2.7 million), sold in November for $820,000 at a 7.32% yield
Agents: Oscar Kuang, Beterly Pan & Nicolas Ching

Onehunga

222 Onehunga Mall:
Features: 273m² site, 2-storey building, seismic rating 75% new building standard, local town centre zoning has 27m height control
Rent: commercial & residential tenants
Outcome: withdrawn from auction
Agent: Oscar Kuang

Parnell

29B Bath St:
Features: 175m² site, 139m² commercial unit, parking space
Rent: $42,000/year net + gst current contract, 2 2-year rights of renewal
Outcome: no bid
Agent: Millie Liang

Isthmus west

Blockhouse Bay

Updated: 35 Margate Rd, flats 1-6:
Features: 2497m² site, 6 2-bedroom residential units, each of about 55m² & on separate titles, parking space each, offered in one package
Rent: $200,000/year net + gst from 2-year lease
Outcome: passed in at $2.7 million (2 results transposed – originally posted as $800,000)
Agents: Quinn Ngo, Matt Lee & James Chan

Eden Terrace

1 Exmouth St:
Features: 665m² vacant section on Newton Rd corner, leased to Wilson Parking, mixed use zoning
Rent: $21,495/year net + gst, early termination clause
Outcome: withdrawn from auction
Agents: Owen Ding, James Chan & Jarrod Qin

Pt Chevalier

1110 Great North Rd, unit D:
Features: 345m², town centre fruit & vegetable shop + parking, leased to PTC Fresh NZ for 5 years from December 2016 with 2 5-year rights of renewal
Rent: $108,312/year net + gst
Outcome: sold for $1.55 million at a 6.99% yield
Agents: Nicolas Ching, Quinn Ngo & James Chan

350 Pt Chevalier Rd:
Features: 696m² site zoned business – neighbourhood centre, housed greengrocery for over 50 years
Outcome: sold with vacant possession for $1.87 million at a land value of $2686/m²
Agents: John Procter, Alan Elliott & Cameron Melhuish

North-east

Orewa

Tamariki Plaza, 1-19 Cammish Lane, unit J:
Features: vacant 190m² commercial unit, one parking space + share of 35 parking spaces
Outcome: passed in at $700,000
Agents: Mustan Bagasra

Rosedale

101 Apollo Drive, unit D:
Features: vacant 120m² ground-floor office unit, 4 parking spaces
Outcome: auction postponed
Agents: Tonia Robertson & Jane McKee

Rosedale Retail Centre, 94 Rosedale Rd, unit 2:
Features: 73m² shop at entrance to zero-vacancy retail centre
Rent: $37,520/year net + gst + outgoings
Outcome: sold prior
Agents: Eddie Zhong, Steven Liu & Meng He

Wairau Valley

18 Ashfield Rd, unit D:
Features: industrial unit, 110m² ground floor, 30m² storage above, monthly tenancy
Outcome: sold for $440,000
Agents: Trevor Duffin & James Yu

65-71 Porana Rd, unit E:
Features: 133m² unit occupied by Hollywood bakery
Rent: $55,000/year net + gst + opex, new 6-year lease
Outcome: auction postponed
Agents: Adam Curtis, Damian Stephen & Steven Liu

Updated: Wairau Junction, 162-178 Wairau Rd, unit 7:
Features: 45m² kebab outlet
Rent: $30,600/year net + gst + outgoings
Outcome: passed in at $500,000, sold post-auction for $550,000 at a 5.56% yield
Agents: Andrew Lin & Ranjan Unka

North-west

Henderson

192 Universal Drive, unit A1:
Features: 756m², corner store in Lincoln North Shopping Centre, 7-year lease to Super Cheap Auto NZ from July 2016, annual fixed 3% rental increases & one 5-year right of renewal
Rent: $225,221/year net + gst, 3% annual increases
Outcome: sold for $3.93 million at a 5.73% yield
Agents: Matt Lee, James Chan, Quinn Ngo, Terry Kim & David Han

South

Clendon Park

439 Roscommon Rd, unit 2:
Features: 97m² retail unit, tenant Clendon Foodmarket
Rent: $41,600/year net + gst, 6-year lease from 2015
Outcome: no bid
Agents: Matt Lee, Quinn Ngo & Piyush Kumar

439 Roscommon Rd, unit 3:
Features: 97m² retail unit, tenant Crown Liquor
Rent: $43,201/year net + gst, 4-year lease from 2016, rights of renewal
Outcome: no bid
Agents: Matt Lee, Quinn Ngo & Piyush Kumar

South of the Bombays

Bay of Plenty

Bethlehem

272A State Highway 2:
Features: 809m² site, 305m² 2-level commercial building, anchor ground-floor pharmacy tenancy, smaller dental tenancy above on leases renewed until 2021 plus further renewals
Rent: $62,730/year net + gst
Outcome: sold for $1.26 million at a 4.98% yield
Agent: Myles Addington

Judea

66 Koromiko St:
Features: 2536m² industrial site, 1519m² standalone building comprising 1123m² of warehouse & workshop space, 4 large roller doors; the balance 2 levels of offices, showroom, storage & amenities; tenant Paramount Stainless has recently renewed for the next 3 years with one final right of renewal to 2024
Rent: $122,000/year net + gst
Outcome: sold for $1.8 million at a 6.78% yield
Agent: Graeme Coleman

Tauranga:

199, 207 & 213 Cameron Rd:
Features: 2192m² redevelopment site zoned city centre, allowing 19m² building height, next to central fire station on main arterial, car dealers have operated from site since the early 1970s, 2 tenancies expiring in August 2020
Rent: $190,715/year net + gst
Outcome: sold for $6.25 million + gst at a 3.05% yield, land value $2851/m²
Agents: Lloyd Davidson & Laura Taylor

Coromandel

Thames

517 Pollen St:
Features: 1521m² site, 1410m² building occupied by multiple tenants including NZ Post Ltd on long-term lease, 16 parking spaces
Rent: $107,717.53/year net + gst, multiple tenants
Outcome: no bid
Agents: Millie Liang & Josh Smith

Attribution: Agency release.

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Updated: Bayleys year-end auction series yields $25.6 million from 14 sales

Published 7 December 2018, updated 14 December 2018:
Bayleys sold 11 properties for $21.6 million at its final Total Property commercial auction in Auckland on Wednesday. A Newmarket property has since been sold.

One property auctioned at the agency’s East Tamaki office on Tuesday added $2.3 million and 2 auctions brought forward to November added $1.7 million to the return, for a total $25.6 million.

The first 2 properties auctioned on Wednesday, both small premises in prominent spots in tightly held eastern suburbs neighbourhoods, were sold on yields of 3.6% (St Heliers, pictured above) & 4.7% (Remuera).

CBD

Learning Quarter

26 Airedale St:
Features: 220m² site, 2-level 364m² building, seismic rating 50% new building standard, concept plan available for 17-storey 68-unit apartment building
Rent: $139,00/year gross + gst
Outcome: no bid
Agents: Owen Ding & Sarah Liu

Isthmus east

Newmarket

Updated: 375-389 Khyber Pass Rd, unit 7:
Features: 88m² retail unit occupied by Hair Design salon on a new lease from October, 2 parking spaces 
Rent: $36,000/year gross + gst
Outcome: passed in at $510,000, sold post-auction for $551,000 at a 6.53% yield
Agents: Quinn Ngo & Matt Lee

Onehunga

155 Neilson St:
Features: 980m² site zoned heavy industrial, 625m² warehouse, office & showroom, 2 tenants 
Rent: $91,811.38/year net + gst
Outcome: sold for $1.75 million at a 5.25% yield
Agents: James Hill, James Valintine, Sunil Bhana, Amy Weng & Tony Chaudhary

3 Pukemiro St:
Features: 556m² site, 390m² industrial building – clearspan warehouse, office & amenities, seismic rating 70% new building standard 
Outcome: sold with vacant possession for $1.15 million
Agents: William Gubb & James Valintine

Parnell

11A Cheshire St:
Features: 1031m² development site next to the new Parnell train station, resource & building consents in place for a 6-level apartment complex
Outcome: withdrawn from auction
Agents: Owen Ding & James Chan

Remuera

371-373 Remuera Rd:
Features: 229m² site, 598m² 3-level 1970s building zoned town centre, café & bar lease of 319m² of ground floor & basement space runs until mid-2023, with 2 6-year rights of renewal, balance of retail space & upper-level office premises occupied by 2 other tenants
Rent: $201,434/year net + gst
Outcome: sold for $4.325 million at a 4.66% yield
Agents: Alan Haydock, Damien Bullick, Andrew Wallace & Quinn Ngo

St Heliers

413 Tamaki Drive:
Features: 235m² site zoned local centre, 288m² 2-level building, opposite St Heliers Beach & near St Heliers Bay Rd intersection, 2 tenants on 10-year leases which both run until 2022 with no rights of renewal
Rent: $169,145/year net + gst
Outcome: sold for $4.71 million at a 3.59% yield
Agents: Cameron Melhuish, Andrew Wallace & James Chan

Isthmus west

Avondale

6C Wingate St:
Features: 80m² middle unit in modern retail block in town centre with access also from Great North Rd 
Rent: $47,000/year net + gst + outgoings on new 9-year lease to Domino’s Pizza NZ Ltd
Outcome: sold for $960,000 at a 4.9% yield
Agents: Janak Darji, Tony Chaudhary & Mike Bradshaw

Freemans Bay

27 Hargreaves St:
Features: 304m² site zoned mixed use, 318m² renovated character office building, 30m² deck
Rent: $171,160/year net + gst on new 6-year lease to Studio South Ltd from March 2018, 2 3-year rights of renewal
Outcome: sold shortly after auction for $3.25 million at a 5.27% yield
Agents: Damien Bullick, Alan Haydock & Mike Adams

3 Margaret St, unit 4:
Features: 53m² ground level commercial unit leased to lawyer Susan Kingston, 2 parking spaces, zoned business town centre
Rent: $27,000/year net + gst
Outcome: sold for $620,000 at a 4.35% yield
Agents: Stuart Bode, Mike Bradshaw & Mike Adams

North-east

Orewa

2 Hillary Square:
Features: 586m² site, 648m² floor area, tenants ANZ Bank and KiwiBank/NZ Post
Rent: $262,316/year net + gst
Outcome: passed in at $4.5 million
Agents: Mustan Bagasra, Nicolas Ching & James Chan

Rosedale

63 Arrenway Drive, unit 5:
Features: 118m² industrial unit, 2 parking spaces 
Outcome: no bid
Agents: Meng He, Ian Waddams & Steven Liu

5 Ceres Court, unit 2G:
Features: 155m², first floor office unit, 5 exclusive parking spaces
Rent: $45,000.00/year net + gst + outgoings
Outcome: auction postponed
Agents: Tonia Robertson & Caroline McNaught

Silverdale

28 Anvil Rd, unit 1:
Features: 246m² industrial unit, 5 parking spaces
Outcome: sold with vacant possession for $750,000
Agents: Matt Mimmack & Rosemary Wakeman

South

Manurewa

327 Great South Rd:
Features: 3288m² yard used as car yard, zoned business light industrial 
Outcome: no bid
Agents: Piyush Kumar & Peter Migounoff

39B Holmes Rd:
Features: half share of 1182m² site, 382m² workshop + parking & yard, tenant of 15 years now on monthly lease
Rent: holding income of $39,000/year net + gst + outgoings
Outcome: sold for $771,000 at a 5.1% yield
Agents: Peter Migounoff & Piyush Kumar

Pakuranga, Highland Park

5 Aviemore Drive, unit 1:
Features: 135m² Domino’s pizza outlet in 10-unit development completed in 2006   
Rent: $63,296/year net + gst + outgoings
Outcome: sold for $1.305 million at a 4.85% yield
Agents: Amy Weng, Tony Chaudhary & Janak Darji

Pukekohe

44-48 King St:
Features: 841m² site, 381m² building, 12 parking spaces at rear
Rent: $111,349/year net + gst + outgoings, pharmacy & Dollar World shops on 3- & 4-year leases
Outcome: sold for $2.005 million at a 5.55% yield
Agents: Shane Snijder & Graeme Moore

South of the Bombays

Wellington

Rydges Hotel, 75 Featherston St, units 422 & 1317:
Features: 2 28m² hotel units, leased to Rydges Hotel until 2033
Rent: unit 422 $19,371/year including gst, unit 1317 $30,244/year including gst
Outcome: withdrawn from auction but still for sale
Agents: Nick Thompson & Jim Wana

Earlier stories:
5 December 2018: East Tamaki sale starts last Bayleys commercial auction for year, 2 other sales in Airport Oaks & Orewa
25 November 2018 (another East Tamaki auction brought forward, 22 Polaris Place): 9 business park units sold
23 November 2018: Rosedale unit sold at auction brought forward

Attribution: Auctions.

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Newton PO building among 6 sales

The former Newton Post Office building on Karangahape Rd, home to the Artspace NZ gallery, is among 6 sales by Bayleys agents at the top of the cbd and in Mt Eden, Newmarket & Parnell.

CBD

Uptown

292-300 Karangahape Rd:
Features: 934msite zoned city centre on corner of East St, 2-level 1288mformer Newton Post Office building, designed in the early 1970s by architect Ron Sang, seismic assessment 71% new building standard; partially leased to 2 tenants plus 422mof vacant ground level & basement space formerly occupied by NZ Post
Rent: $136,009/year net + gst
Outcome: sold for $6.05 million
Agents: Alan Haydock & Cameron Melhuish

Isthmus east

Newmarket

Rialto Shopping Centre, 153 Broadway, unit 5N:
Features: 38m2 retail premises on level 2
Outcome: sold vacant for $149,000
Agents: Beterly Pan & Nicolas Ching

Parnell

15 Bath St:
Features: 375mcorner site zoned mixed use (height limit 21m), 538m3-level commercial building constructed in the early 1980s providing showroom & office, basement parking for 13 cars; seismic assessment 100% new building standard, fully leased to 2 tenants
Rent: $224,657/year net + gst
Outcome: sold for $4.35 million at a 5.16% yield
Agents: Alan Haydock & Damien Bullick

Isthmus west

Mt Eden

Zone 23, 23 Edwin St, unit  G11:
Features: 169mground floor office unit, streetfront profile, 5 parking spaces
Outcome: sold vacant for $1.1 million
Agents: James Were & Scott Kirk

40 George St:
Features: 446msite zoned mixed use, 716m1980s building offering a combination of warehouse,showroom & office plus a 2-bedroom apartment; partly leased for a further 2 years with no renewal rights
Rent: $40,365/year net + gst
Outcome: sold for $2.75 million
Agents: Scott Kirk, James Were & Genevieve Thompson-Ford

471 Mt Eden Rd:
Features: 273mcorner site zoned mixed use, 113.5m² single-level retail premises, 6 parking spaces; short-term tenancy to a furniture store provides holding income 
Outcome: sold for $2.1 million
Agents: Tony Chaudhary, Janak Darji, Amy Weng & Phil  Haydock

Attribution: Agency release.

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Kohi townhouse sells at auction

A large Kohimarama townhouse (pictured), one back from Tamaki Drive, sold at Bayleys’ Remuera branch auction today, but the only bid for a Parnell studio was from the vendor and a unit in the new St Marks apartment block in Remuera attracted no bid.

Isthmus east

Eastern bays – Kohimarama

20A Eltham Rd:
Features: 259m² site, 229m² floor area, 3-level 3-bedroom townhouse, 2 living rooms, 3 bathrooms, 2 parking spaces, balcony, patio, roof garden, self-contained living at entry level giving guests independence
Outgoings: rates $5239/year including gst; no body corp fees
Outcome: sold for $2.715 million
Agents: Gary & Vicki Wallace

Parnell

258 Parnell Rd, unit 43:
Features: studio, parking space
Outcome: passed in after sole bid from vendor at $550,000
Agent: Trisha Vincent

10 Ruskin St, unit 3C:
Features: 2-level penthouse, 3 bedrooms, 2 bathrooms, balconies, 2 basement parking spaces
Outcome: auction postponed
Agent: Jiali Liu

Remuera

St Marks, 10 St Marks Rd, unit MAC 101:
Features: 3 bedrooms, 2 bathrooms, 2.9m stud, 2 basement parking spaces
Outcome: no bid
Agents: Karen Spires & Trisha Vincent

Attribution: Auction documents.

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City loft & Onehunga section sell

A city loft and an Onehunga property zoned for intensification sold at Bayleys’ residential auctions last week.

CBD

Queen St

QVB Building, 6 Victoria St East, unit 6B:
Features: 2-level loft, mezzanine bedroom
Outcome: sold for $511,000
Agents: Julie Quinton & Wendy Nichols

Uptown

Highgate Towers, 8 Howe St, unit 3A:
Features: 2 bedrooms, 2 bathrooms, 2 balconies, 2 parking spaces
Outcome: passed in
Agents: Julie Quinton, Trent Quinton & Ellis Prince

Isthmus east

Onehunga

53 Spring St:
Features: 989m² site, 4-bedroom villa in terraced house & apartment buildings zone
Outcome: sold for $1.95 million
Agent: John Procter

Parnell

258 Parnell Rd, unit 43:
Features: studio, parking space
Outcome: auction postponed
Agent: Trisha Vincent

Isthmus west

Avondale

76 Riversdale Rd, unit 4:
Features: one-bedroom unit, carport
Outcome: up for sale by mortgagee, withdrawn from auction
Agents: Cherry Killgour & Steve Leyland

South

Manurewa

2 Totara Rd:
Features: 1042m² section, 3-bedroom house, basement garage, resource consent approved for 3-lot subdivision
Outcome: passed in, back on market at $799,000
Agents: Vanessa Nash, Ginny Cheyne & Stefni Baigent

Attribution: Auction documents.

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Apartment & townhouse sell, 4 more passed in

Bayleys sold an apartment & a townhouse at its auctions around Auckland last week, and 4 were passed in. The auction of another townhouse was postponed.

Isthmus east

Parnell

18 Brighton Rd, unit 1:
Features: 3-bedroom townhouse, 2 living rooms, 2 bathrooms, deck, parking space, designed by Marshall Cook
Outcome: passed in
Agent: Fleur Denning

Avoncourt, 57 Gladstone Rd, unit 1:
Features: half the top floor, 2 bedrooms, office, 2 living rooms, parking space, lift from carpark
Outcome: sold for $1.64 million
Agent: Fleur Denning

25 Windsor St, unit 4:
Features: 4-bedroom townhouse, 2 living rooms, 2 bathrooms, garage + parking space
Outcome: auction postponed
Agent: Fleur Denning

Remuera

Norfolk Manor, 2 Bassett Rd, unit 7:
Features: 199m² + balconies, terrace, 4-bedroom apartment, 2 living rooms, 2 bathrooms, 2-car basement parking, storage locker
Outgoings: rates $5412/year including gst
Outcome: passed in, back on the market at $2.347 million
Agent: Paul Sissons

Royal Oak

13 Turama Rd, unit 1:
Features: 3-bedroom townhouse, 2 bathrooms, study, 2 parking spaces
Outcome: sold for $1.145 million
Agent: Andrew Rumbles

North-east

Albany

22 Library Lane, unit 7-6-11:
Features: 46.7m² + 4.9m² balcony, one-bedroom apartment completed in September, parking space
Outcome: passed in, back on market at $508,000
Agents: Tina Tang & Ansen Huang

South

Pakuranga

40 Latham Avenue, unit 5:
Features: 2-bedroom unit, carport
Outcome: passed in, back on market at $589,000
Agents: Galina & John Shutkowski

Attribution: Agency release.

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2 Unilodge studios & Harvard apartment sell

Ray White City Apartments agents Josh Muriwai & Zoran Farac sold 2 Unilodge studios and a larger Harvard apartment at auction yesterday. The one other unit on offer, in Parnell, was passed in.

I’m out of town and don’t have full details from the auction, but will post them when they come through.

CBD

Learning Quarter

Unilodge, 138 Anzac Avenue, unit 204:
Features: studio
Outcome: sold for $46,000
Agents: Josh Muriwai & Zoran Farac

Unilodge on Beach, 133 Beach Rd, unit 108:
Features: studio
Outcome: sold for $52,000
Agents: Josh Muriwai & Zoran Farac

Victoria Quarter

Harvard, 147 Hobson St, unit 88:
Features: 3 bedrooms
Outcome: sold for $330,000
Agents: Josh Muriwai & Zoran Farac

Isthmus east

Parnell

Gladstone Apartments, 118 Gladstone Rd, unit 1F:
Features: one bedroom, parking space
Outcome: passed in
Agent: Sue Holland

Attribution: Agency release.

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JLL sells 5 buildings in east, west & on Shore

JLL agents have sold a vacant 3-storey Parnell building, 2 buildings on the west of the isthmus in Lynfield & Mt Eden and a unit in Vinegar Lane, and a multi-tenanted Browns Bay building on the Shore (pictured).

Isthmus east

Parnell

24 York Street:
Features: 599m² 3-level standalone building zoned business mixed use
Outcome: sold with vacant possession for $4.1 million + gst
Agents: Jason Armstrong & Ian Hall

Isthmus west

Grey Lynn

25 Pollen St, corner Crummer Rd:
Features: vacant 80m² retail or office unit, 46m² exclusive courtyard in Vinegar Lane development
Outcome: sold for $1.175 million + gst
Agent: Alex Wefers

Lynfield

210 White Swan Rd:
Features: 1011m² site, 330m² building, childcare centre licensed for 54 children, 13 parking spaces
Rent: $121,000/year net + gst
Outcome: sold for $2.325 million + gst at a 5.2% yield
Agents: Kevin Reardon & Alex Wefers

Mt Eden

101 Mt Eden Rd:
Features: 1812m² investment & development site, multi-tenanted building
Outcome: sold for $5.6 million + gst at a 2.7% yield
Agents: Tommy Zhang & Kevin Reardon

North-east

Browns Bay

41 Bute Road:
Features: 2093m² site, 1044m² net lettable area, 2-level multi-tenanted building in 7 titles, 6 ground-floor retail tenants + Lollipops childcare centre upstairs licensed for 75 children, 31 parking spaces
Outcome: sold for $6.9 million + gst at a 6% yield
Agents: Ian Hall & John Binning

Attribution: Company release.

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Meadowbank unit & Parnell terrace passed in

A cross-leased Meadowbank unit and a Parnell terrace were both passed in at Barfoot & Thompson’s residential auction today.

These were the 2 intensive homes on an auction list which included several other cross-leases, all full houses.

Isthmus east

Meadowbank

48 Gowing Drive, unit 4:
Features: cross-lease, quarter share in 675m², refurbished 2-bedroom unit, carport
Outcome: no bid
Agents: Faye Torrance

Parnell

7 Cleveland Rd, unit 15:
Features: 140m², 3-bedroom terrace, 2 bathrooms, atrium, balcony, tandem internal-access garage
Outgoings: rates $2763/year including gst; body corp levy $5420/year
Outcome: passed in at $820,000
Agent: Cindy Yu

Attribution: Auction.

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