The latest research from Auckland Cityscope shows that property sales value have decreased over the past three months.
In the three months to August 2019, there were 24 sales for a total of $107.6 million, as compared with 28 sales for a total of $410 million recorded for the three months to May 2019, and with the 28 sales at a total of $296.7 million recorded for the three months to February 2019.
The latest data brings the total sales for the 12 months to $1.176 billion, a significant decrease from the $2.189 billion 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 August 2019 update of Auckland Cityscope include:
- General Buildings at 33 Shortland Street, Auckland Central
An 8-storey C-grade office building. Designed for the Yorkshire Insurance Co by W R Bloomfield in 1928. An extension matching the original was completed in 1979. The building which has a typical floor area 578 sqm and a net lettable area 5,487 sqm, was bought for $42 million;
- 93-95 Anzac Avenue, Auckland Central
An office and retail building extended from 7 to 8 storeys in 2015 and strata subdivided in April 2016 into 32 lots and were bought in one line for $19.33 million and
- Ten Twelve Federal at 8 Wolfe Street, Auckland Central
A 6-storey building built in the 1920s, refurbished in 1996 and in 1998 with a gross floor area of 900 sqm, which was bought for $8.35 million.
Properties listed as for sale in the August 2019 of Auckland Cityscope include:
- 222 Hobson Street, Auckland CentralA three level building including basement parking for nine cars, built circa 1960 with a gross floor area of 910 sqm, for sale through Barfoot & Thompson City Commercial;
- 375 Karangahape Road, Auckland Central
A three-level building, refurbished in May 2015 with a net lettable area of 543 sqm, for sale through Barfoot & Thompson City Commercial;
- A 2-storey workshop and office building on a 634 sqm site which comprises of principal unit A known as 13 Galatos Street being the upper floor of 351 sqm and principal unit B known as 4 South Street being the ground floor of 347 sqm, for sale in one line through CBRE Auckland and
- Princes Court at 2 Princes Street, Auckland CentralA 5-storey commercial building with basement parking for 29 cars, was built in 1967 and facade was refurbished in 2004, has a net lettable area of approximately 2,804 sqm on a 1,121 sqm site, for through Colliers International NZ.
Leasing opportunities in the August 2019 update of Auckland Cityscope include:
- DDB Tower at 80 Greys Avenue, Auckland Central
A 10-level office tower comprising 8 office floors and 2 parking levels for 115 cars, completed in 1985. Refurbished in October 1995 and in 2005. The building which has a gross floor area of 7,400 sqm has office space on levels 3 to 7 available through Barfoot & Thompson City Commercial;
- The QBE Centre at 125 Queen Street, Auckland Central
A 30-level building, completed at an estimated $40-45 million in 1986 and with a public viewing deck at the top level. The building had a major refurbishment completed in October 2017 and has office space on levels 4, 6 to 11, 17 to 19, 23 and 27, available through Barfoot & Thompson City Commercial and Bayleys Auckland Central and
- Vero Centre at 48 Shortland Street, Auckland Central
A 40-level building, completed in September 2000 at a cost of $247 million. The 167m tall building includes a 4-level parking station (386 spaces) to Fort Street and a net lettable area of 39,578 sqm; which has office space on levels 7, 8, 17, 33, 35 and 37 available through Barfoot & Thompson City Commercial.