Bayleys Auction Results - 8 December 2010 - Total Property

Wednesday 8 December 2010, Maritime Square – 11.00am Total Property

1
REMUERA, 563 Remuera Road SOLD $1,430,000 YIELD 5.3%
Stands proud on a prominent corner site, established restaurant occupation for over 15 years
Cameron Melhuish 021 479 882
2
PARNELL, 535 Parnell Road SOLD $4,000,000 YIELD 6.9%
High profile freehold 653m² corner site on Parnell Road, net income of $276,677+GST p.a. (approx)
Alan Haydock 021 532 121
3
BELMONT, 5 Williamson Avenue SOLD $465,000
Popular café and residential flat, seldom available freehold opportunity with rental growth potential
Stephen Scott 027 406 0298 & Brian Caldwell 027 481 5505
4
ROTHESAY BAY, 589 Beach Road SOLD $571,000 YIELD 6.9%
Busy retail shopping strip, multi-tenanted and additional land gives development potential
Stephen Scott 027 406 0298 & Brian Caldwell 027 481 5505
5
NEWTON, 45 New North Road SOLD $700,000 YIELD 8.5%
Ground floor retail plus 2 residential apartments, currently fully leased
Alan Haydock 021 532 121 & Cameron Melhuish 021 479 882
6
CLENDON, 439 Roscommon Road HIGHEST OFFER NOT YET ACCEPTED
2,500m² site with two road frontages, holding income of $108,500 pa, maximum exposure site
Shane Snijder 021 730 488
7
OREWA, 226 Hibiscus Coast Highway SOLD $1,575,000 YIELD 9.7%
Premium corner location in Orewa, tenanted investment returning $154,225 + gst and opex
Mike Adams 021 977 527
8
PONSONBY, 16-18 Crummer Road HIGHEST OFFER NOT YET ACCEPTED
Unique adjoined “twin” character buildings comprising 430m² office space, excellent on-site car parking
Lisa Nielson 021 558 764 & Scott Kirk 021 499 661
9
MANUREWA, Unit 4, 235 Browns Road HIGHEST OFFER NOT YET ACCEPTED
Takeaway tenant returning $31,794pa + GST, 5 years remaining on 8 year lease, plus rights of renewal
Brice Clark 021 133 6171
10
AUCKLAND, Unit 1, 194 Victoria St West HIGHEST OFFER NOT YET ACCEPTED
Well located, fully leased $51,000 + GST, modern freehold retail 171m² plus two car parks
Nigel McNeill 021 982 132 & Leah Lahood 021 897 788
11
KELSTON, 4085 Great North Road HIGHEST OFFER NOT YET ACCEPTED
Multinational retail tenant, 9 year lease from June 2004 with a six year ROR, net rental $161,321
Nicolas Ching 021 396 890 & Quinn Ngo 021 888 378
12
WAIRAU VALLEY, 126 Sunnybrae Road HIGHEST OFFER NOT YET ACCEPTED
Standalone building approx 648m², freehold land approx 956m², functional showroom/warehouse facility
Ranjan Unka 021 711 755 & Greg Healey 021 805 854
13
WAIRAU VALLEY, Unit I, 65-71 Porana Rd HIGHEST OFFER NOT YET ACCEPTED
Japanese restaurant beside bustling Asian food market, rental $45,000pa plus outgoings + GST
Trevor Duffin 021 245 9731 & Brian Caldwell 027 481 5505
14
AUCKLAND, 16A Viaduct Harbour Avenue AVAILABLE
Ground floor 439m² office suite of exceptional quality including 5 secure carparks, returning $183,256pa
Mark Pittaway 021 721 119
15
MEADOWLAND, 90 Whitford Road HIGHEST OFFER NOT YET ACCEPTED
Freehold unit title, 290m², 8 years lease from 2007, 2 yearly rent reviews, returning $80,000 pa+GST
Nicolas Ching 021 396 890 & Quinn Ngo 021 888 378
16
BROWNS BAY, 755 Beach Road HIGHEST OFFER NOT YET ACCEPTED
Maximum exposure on Beach Road, 1029m² freehold with 10 car parks & outdoor eating area
Terry Kim 027 471 1446 & Brian Caldwell 027 481 5505
17
AUCKLAND CITY, Levels 8 & 9, 44 Anzac Avenue AVAILABLE
Stunning harbour & city views in strategic CBD location, 250m² with balcony, car parking & storage
Stephen Scott 027 406 0298 & Brian Caldwell 027 481 5505
18
ALBANY, Unit A2, 40 Triton Drive AVAILABLE
Modern first floor office building, 4x4 year lease, $104,000pa + outgoings + GST, established tenant
Stephen Scott 027 406 0298 & Brian Caldwell 027 481 5505
19
ONEHUNGA, 49-51 Princes Street AVAILABLE
Prime bulk retail investment leased to Repco Ltd, high profile site, returning $129,000pa net
Michael Block 021 888 233 & James Hill 021 599 529
20
ROTHESAY BAY, 605 Beach Road AVAILABLE
Profitable 3 bedroom business accommodation & freehold property on a strategic corner site
Terry Kim 027 471 1446 & Brian Caldwell 027 481 5505
21
AUCKLAND CITY, Shop 1, 8 Quay Street AVAILABLE
Well established national tenant Noodle Canteen, returning $38,000 net per annum + GST
David Bernard 021 331 243 & Ed Donald 029 242 5262