Press Release – Bayleys
Two high-profile units, one housing a leading New Zealand construction company and the other available with vacant possession, have gone up for sale in Auckland’s tightly-held Wairau Valley industrial precinct.
The two-storey, freehold strata-titled properties at Unit C and Unit D, 6 Argus Place, Hillcrest, offer excellent street-front exposure and profile in a sought-after location with consistently low vacancy rates.
The units are configured respectively for office accommodation and as a warehouse, office and amenities facility.
Unit C is fully-leased to Teak Construction, which since 1992 has cut the ribbon on more than 500 successful building projects, from major commercial builds to government, remedial and residential works. It pays net annual rent of $120,000 plus outgoings and GST for some 576 square metres of office accommodation with nine car parks, on a lease that runs to 2024, with a further three-year right of renewal.
Press Release – Bayleys Two high-profile units, one housing a leading New Zealand construction company and the other available with vacant possession, have gone up for sale in Aucklands tightly-held Wairau Valley industrial precinct.
Victopia apartment repairs balloon from $23.1m to $35.2m
13 Apr, 2021 05:25 AM
4 minutes to read
CBD chaos: Streets could remain closed for a week.
Delays and cost rises are dogging repairs of defective Auckland high-rise apartment block Victopia which, instead of costing $23.1million to remediate, will cost at least $35.2m. Ian Harris, project manager for the apartment residents via their body corporate, wrote to owners who have endured two years of repairs with substantial work yet to do.
Harris wrote about the costs and holdups fixing the 16-level block [14 apartment levels with two basements] on the Nelson St/Victoria St corner opposite TVNZ.