The latest research from Auckland Cityscope shows that property sales value have increased over the past three months.
In the three months to November 2019, there were 34 sales for a total of $328.2 million, as compared to the 24 sales for a total of $107.6 million recorded for the three months to August 2019. The latest data brings the total sales for the 12 months to $895.3 million, a significant decrease from the $2.169 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 November 2019 update of Auckland Cityscope include:
- Chorus House at 66 Wyndham Street, Auckland Central
A 23-storey office building comprising 19 levels of office space, one level of retail space and a 3-level basement car park for 191 vehicles, with a new podium retail space and end of trip facilities added in 2018. The property has a net lettable area of 22,489 sqm on a 3,304 sqm piece of land and was sold for $144.5 million through Metcom Realty Limited;
- Big Albert Building at 87 Albert Street, Auckland Central
An office building of 11 storeys plus two basement parking levels for 58 cars, with curtain wall glazing, completed in 1986, with a net lettable a rea of 7,210 sqm, which was sold for $34.3 million on an initial yield of 3.31% through Barfoot & Thompson Commercial and
- Hotel De Brett at 2-4 High Street, Auckland Central
Built circa 1926, a 3-storey building comprising ground floor retail space, rooms above and a basement, refurbished in 1984 and the upper floors converted to a backpackers hotel in 1997. The building has a gross floor area of 2,449 sqm, which sold for approximately $30.173 million.
Properties listed as for sale in the November 2019 of Auckland Cityscope include:
- Viaduct Quay Building at 204 Quay Street, Auckland Central
A 3-storey building plus basement, completed in the 1940s. Refurbished in 1998 and 2005, the building has a gross floor area of 4,480 sqm and onsite parking for 25 cars, which is for sale through CBRE Auckland;
- 141-145 Hobson Street, Auckland Central
A 2-storey building with a total area of 1,565 sqm, basement and outside parking for 50 cars, refurbished in 2005, which is for sale through Colliers International NZ and
- The fifth floor at 50 Kitchener Street, Auckland Central
Known as level 6, a 581 sqm office floor in Building C of The Chancery, a 6-storey office building. The whole level is for sale through Colliers International NZ
Leasing opportunities in the November 2019 update of Auckland Cityscope include:
- Citigroup Centre at 23 Customs Street East, Auckland Central
A 15-storey office building with a colonnade on the top 3 floors, ground floor retail, and basement parking for 64 cars, completed in 1989, which has office space ranging from 228 sqm to 1,320 sqm available through Colliers International NZ;
- Shine Lawyers Building at 33 Federal Street, Auckland Central
A 16-level building including two lower-ground parking levels for 52 cars, which has office space ranging from 100 sqm to 2,000 sqm available through Colliers International NZ and
- 2-8 Nelson Street, Auckland Central
The former Deloitte House, a 9-level office building with onsite parking for 40 cars, which has office space up to 1,049 sqm available through Barfoot & Thompson City Commercial.