The latest research from Auckland Cityscope shows that property sales have decreased over the past three months. In the three months to February 2017, there were 34 sales for a total of $146.6 million, as compared with 58 sales for a total of $202.7 million recorded for the three months to November 2016, and with the 35 sales at a total of $239.8 million recorded for the three months to August 2016.  The latest data brings the total sales for the 12 months to $696.7 million, a decrease from the $1.061 billion in sales recorded to the same time last year.

The table below shows sales recorded for the past eight updates of Auckland Cityscope:

Auckland Cityscope Quarterly Sales


Notable sales in February 2017 update of Auckland Cityscope include:

  • Leasehold of The Old Customhouse at 22 Customs Street West, Auckland Central, a historic three-storey plus basement French Renaissance style building designed by Thomas Mahoney for government use and built 1887-1889, which was sold for $33.5 million;
  • The Telco Building, at 16 Kingston Street, Auckland Central, a 19-level office building including two basement floors with 40 car spaces, providing a gross floor area of 10,960 sqm, which was sold for $31.75 million; and
  • Wellesley Centre, at 44 Wellesley Street West, Auckland Central, a 12-storey building with retail shops on the ground level, nine office levels and two levels of parking for 40 cars, providing a gross floor area of 5,230 sqm, which was sold for $10.6 million.


Properties listed as for sale in the February 2017 of Auckland Cityscope include:

  • Units 4A, 5A, 6 and 7 in Victoria Park Market at 210 Victoria Street West, Auckland Central, four shops on ground level in the one to three-storey retail and office complex, with a total area of approximately 207 sqm, are for sale by auction on 7 March 2017 through Colliers International NZ;
  • Unit 73, a 436 sqm two-storey retail suite, Unit 74, a 204 sqm retail suite on level two and Unit 75, a 303 sqn retail suite on level two in the same complex at 210 Victoria Street West, are for auction separately on 7 March 2017 through Colliers International NZ; and
  • 10 South Street, Newton, an older single-storey building with four car spaces on a site of 357 sqm, is for sale through Bayleys Auckland Central.

Leasing opportunities in the February 2017 update of Auckland Cityscope include:

  • 125 Queen Street, Auckland Central, a 30-level office building with a 3-storey podium known as the Tower Shopping Centre, which has office space ranging from 700 sqm to 17,000 sqm available through Bayleys Auckland Central;
  • 500 Queen Street, Auckland Central, a six-storey building with ground floor retail and offices above, which has office space of 2,600 sqm available through Bayleys Auckland Central; and
  • 48 Greys Avenue, Auckland Central, a seven-storey building plus two basement levels for 48 car spaces, which has office space ranging from 900 sqm to 1,800 sqm available through Barfoot & Thompson City Commercial.

 

Commercial Research