The Windsor Castle pub in Parnell – nowadays containing a mix of tenancies – has been sold by Bayleys agents with development consents in place.
Also sold are a site with redevelopment prospects near the Karangahape Rd station to be built as the second stop out from Britomart on Auckland’s new city rail link, a warehouse unit in the Interplex business park on the North Shore and a Dominion Rd office in Mt Eden.
The Windsor Castle, built in the 1850s, was previously sold for $6.62 million in 2016. It had previously been a popular music venue and has since contained a mix of tenants, including officespace upstairs.
16-18 Beresford Square:
Features: 460m² commercial site adjacent to the proposed Karangahape Rd city rail link station, 943m² 2-level character building part-tenanted by established business, lease to September 2022 plus one 4-year right of renewal including redevelopment clause, 406m² ground floor vacant
Rent: $107,250/year + gst from one tenant
Outcome: sold for $4 million
Agents: Alan Haydock & Damien Bullick
Windsor Castle, 144 Parnell Rd:
Features: 890m² corner site, historic character building, resource consent permits mixed use development of 400m² retail space, 2 loft-style apartments plus 11 boutique units, ground floor & basement wine cellar sold with vacant possession
Outcome: sale price confidential
Agents: Alan Haydock & Cameron Melhuish
123 Dominion Rd, unit E:
Features: 161m² ground floor office, mezzanine, kitchenette, boardroom plus 3 parking spaces
Outcome: sold for $750,000
Agent: Ken Hu
Interplex Business Park, 14 Canaveral Drive, unit 1:
Features: 1014m² roadfront unit in a Kea Property development, high stud warehousing, 28.4m² canopy, 17 parking spaces, 6-year lease to established business in occupation since 2005
Rent: $197,000/year + gst + outgoings
Outcome: sold for $4 million at a 4.93% yield
Agents: Laurie Burt & Matt Mimmack
Attribution: Agency release, own files.