SALES RESULTS

9 November 2015
A large apartment in the old Devonport power station was sold at auction last week, and Bayleys agents concluded 2 commercial sales in Takapuna and one in Waiuku, plus leases in Rosedale & Takapuna.

 

Devonport:
Features: 330m², one of 3 apartments in the Devonport power station, 5 bedrooms over 3 levels, private terrace garden, separate self-contained accommodation
Outcome: sold at auction for $1.59 million
Agents: Prue de Bie & Diana Poor

8 Eldon St Takapuna
Features: 883m² site, 150m² commercial building, 5 parking spaces
Rent: $51,354/year + gst
Outcome: sold pre-auction for $2.2 million at 2.33% yield 132 Hurstmere Rd:

Features: 1503m² site, 1483.63m² building – retail 170.5m², office 1313.13m², deck 112m², 28 parking spaces
Rent: $459,771.85/year net
Outcome: sold in October for $7.5 million at a 6.13% yield, $4990/m²

6 Court St: Waiuku
Features: 1243m² site, 559m² floor area, 2 buildings on a single title, roadfront exposure
Rent: $48,000/year gross + gst, fully tenanted with 4 tenants
Outcome: sold at auction for $815,000

38 Constellation Drive: Rosedale
Features: 1155m² of retail space
Rent: $235,000/year net + gst

239N Rosedale Rd:
Features: 67m² retail, 2 parking spaces
Rent: $17,000/year net + gst, premises rental $254/m²

13 Barrys Point Rd, unit 1: Takapuna
Features: 136m² floor area, 3 parking spaces,
Rent: $38,000/year net + gst

Attribution: Company release.

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