The latest research from Auckland Cityscope shows that property sales value have increased over the past three months.
In the three months to May 2018, there were 35 sales at a total of $340.3 million, compared with 45 sales at a total of $330.2 million recorded for the three months to February 2018, but a decrease from the 21 sales at a total of $370.5 million recorded for the three months to November 2017.
The latest data brings the total sales for the 12 months to $1.263 billion, an increase from the $935.9 million in sales recorded to the same time last year.
The table below shows sales recorded for the past eight updates of Auckland Cityscope:
Notable sales in May 2018 update of Auckland Cityscope include:
- 46 Sale Street, Auckland Central, bought while under construction, to be a seven-level office building comprising 10,000 sqm office space, a cafe on the ground floor and two levels of parking for 100 cars and which was sold for $116,250,489;
- The Grand Windsor Hotel, 58-60 Queen Street, Auckland Central, an eight-storey plus basement building, built in 1927 and converted from an office building to a hotel in 2001, which was transferred in a related party sale at $56 million and
- SkyCity Car Parking Station at 30 Kingston Street, Auckland Central, a seven-storey car park building including the roof and space for 427 cars across a building area of 11,487 sqm, which was sold for $40 million through Colliers International NZ.
Properties listed as for sale in the May 2018 of Auckland Cityscope include:
- The Metropolis Museum, at 116 Symonds Street, Grafton, a two-storey brick building built in 1933 with a building area of 580 sqm, which is available through Bayleys Auckland Central;
- Ashington House, 75-77 Wakefield Street, Auckland Central, a building of three levels including basement, the former Fitzroy Hotel built circa 1854 and used as a public house until 1909 and 44 Airedale Street, Auckland Central, vacant land being used as a parking lot for 12 cars, which are available together through Colliers International and
- The long-term leasehold of University House, 19A Princes Street, Auckland Central, the former Auckland Synagogue, designed in a quasi-eastern style by Edward Bartley and opened in 1886, three-storeys over 630 sqm which is available through Bayleys Auckland Central.
Leasing opportunities in the May 2018 update of Auckland Cityscope include:
- 46 Sale Street, Auckland Central a seven-level office building comprising 10,000 sqm office space, a cafe on the ground floor and two levels of parking for 100 cars, which has office space of 3,000 to 4,469 sqm available for lease through Bayleys Auckland Central;
- ANZ Centre, 23-29 Albert Street, Auckland Central, a 42-level reinforced concrete tower block originally built in May 1991 and extensively refurbished in 2013, which has 100 to 5,842 sqm of office space available for lease through Bayleys Auckland Central and
- IDATA House, 7 City Road, Auckland Central, a 12-storey office building with four basement levels, parking for 134 cars, and a single-storey annexe to the rear, which has office space of 6,608 sqm available for lease Colliers International NZ.
Cityscope covers 28 predominantly capital city CBD markets across Australia and New Zealand, providing a rich level of property level data including building attributes, tenancy detail, sales and ownership.For more information on Cityscope or any other CoreLogic products call 1300 734 318 or visit the website at www.corelogic.com.au/products/cityscope. Subscribe to the free Commercial Pulse eNewsletter Get the latest commercial news and sales data each week from our CoreLogic Commercial Pulse! Click here to subscribe