Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

‘P Lab’ marketing attracts considerable interest

‘Former P Lab goes under the hammer’ is not the usual marketing headline, but such brutal honesty seems to be working for two South Auckland real estate agents, with open homes busy and interest in their latest listing intensifying.

Julie Harris and Kim Vaireka of Century 21 Gold Real Estate in Manurewa have been tasked by overseas vendors to sell 83 Station Road in Papatoetoe. The downstairs basement of the contaminated property recently operated as a clandestine methamphetamine laboratory.

The well-located three-bedroom, 1930s’ character home sits on over quarter of an acre, but such attractive real estate language doesn’t make the listing’s highlights on Century 21’s website.

Instead, the property is promoted as a ‘bargain bunker’, ‘damaged dwelling’, ‘as is where is’, and ‘if you’re looking for land’ or ‘seeking to develop then we highly recommend you do your own due diligence.’

“We’re of course legally required to inform people of its undesirable status. However, we thought let’s take it a step further and actively promote it as a former P Lab, which seems to be working. We’ve probably already had 50 groups through our open homes, and I suspect it will be a very well attended auction,” says Ms Harris.

The 1,067sqm property will be auctioned onsite at 12 noon on Sunday 15 December. It will not be sold prior.

“The house is nearly 90 years old so does have some beautiful features and some people have talked about decontaminating and renovating it. However, its real value is in the size of the land and where it is. For a developer, it has a lot of residential intensification potential and possibilities,” she says.

The property is on a bus route, close to Papatoetoe’s train station and shops, and only a short drive to Middlemore Hospital.

To view Century 21’s listing of 83 Station Road, Papatoetoe, visit: https://www.century21.co.nz/property/residential/buy/nz/20/papatoetoe/477730

What will it go for? Well the property’s 2017 CV is $855,000 and the vendors are motivated to sell, but the price feedback so far has been wide-ranging.

Ms Harris says if the sale price at auction exceeded the CV that would be a good day.

“But who knows? What we do know is if you remove the house, you totally remove the problem. Then you’re left with over quarter of an acre in a part of Auckland where affordable housing is in high demand. The auction is set to be an exciting one and may just surprise us,” says Julie Harris.

https://manurewa.century21.co.nz/


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Tiwai Point: Rio Tinto Announces Plans To Close Tiwai Point Smelter

Rio Tinto has just announced that it will wind down New Zealand Aluminium Smelters - the Tiwai Point smelter - saying the business is no longer viable. More>>

ALSO:

Freight: New Report On Auckland Port Relocation

The Government has released a major new report on the options for relocating the Port of Auckland’s freight operations while deferring any decision on the issue. More>>

ALSO:

Chartered Accountants: COVID-19 Fails To Knock Kiwi Investor Confidence, But More Disclosure Wanted

Three months of COVID-19 lockdown and investment turmoil has done little to knock confidence in New Zealand capital markets and listed companies with overall investor sentiment very similar to 2019, an investor survey held in mid June shows. However, ... More>>

ALSO:

Taxation: Black-Market Tobacco Sidesteps $287 Million In Excise Tax

Year-on-year increases in consumption of illicit tobacco in New Zealand have seen illegal trade swell to 11.5% of the total market. If consumed legally, illicit products would have netted the Government $287 million in excise tax during 2019. Independent ... More>>

ALSO:

Energy Sector: Meridian Spilled Water To Hike Electricity Prices - Authority Ruling

The Electricity Authority has found that generator Meridian Energy manipulated the power market, costing consumers about $80 million. More>>

ALSO:

XE Data Update: RBNZ Official Cash Rate Decision

The RBNZ will keep the Official Cash Rate (OCR) at 0.25%. T he key points in the RBNZ statement are: RBNZ keeps the OCR unchanged at 0.25% Maintain the LSAP (large scale asset purchase) at NZD$60 billion. Committee prepared to use additional monetary ... More>>

ALSO:

Electricity: Kiwis Ignore Promise Of Cheaper Power

Electric Kiwi and Flick Electric Co are joint winners of Canstar Blue’s award for Most Satisfied Customers | Electricity Providers From putting on an extra layer – rather than turning on a heater – to turning off lights and choosing the energy-saving ... More>>

ALSO:

Electricity: Transmission Pricing For A Low Carbon Future

The Electricity Authority has decided on new guidelines for transmission pricing. James Stevenson-Wallace, Chief Executive of the Electricity Authority says the new guidelines will deliver significant benefits to consumers, through lower electricity ... More>>

ALSO:

RNZ: Economic Activity And Business Confidence Bouncing Back

Two surveys from ANZ show business confidence and economic activity have rebounded, but uncertainty about the future remains extreme. More>>

ALSO:

NIWA: The Climate Record That Keeps Getting Broken

Among the multitude of New Zealand climate statistics there is one record that continues to be broken month after month. Since January 2017 there has not been one month that recorded a below average nationwide temperature, according to NIWA’s seven station ... More>>

ALSO:

Govt: Extended Loan Scheme Keeps Business Afloat

Small businesses are getting greater certainty about access to finance with an extension to the interest-free cashflow loan scheme to the end of the year. The Small Business Cashflow Loan Scheme has already been extended once, to 24 July. Revenue and Small ... More>>

ALSO:

Science: 2019 Prime Minister’s Science Prizes Announced

The 2019 Prime Minister’s Science Prizes have been announced in a digital livestream event today. The Prizes recognise the impact of science on New Zealanders’ lives, celebrate the achievements of current scientists and encourage scientists of the ... More>>

ALSO:


RNZ: Fuel, Alcohol Costs To Go Up From Today

The increase today in the taxes on fuel, road user charges and alcohol is being called a tone-deaf move. More>>

ALSO:

Stardome Observatory: Young Kiwi Astro-Photographer Shoots For The Stars

Matariki by Josh Kirkley. The stars are aligning for up-and-coming Auckland-based astro-photographer Josh Kirkley (Kāi Tahu). During lockdown, one of his images was picked up by NASA and shared on the space agency’s Instagram to its 59.2 million ... More>>


DCANZ: Time For EU To Commit To A Level Playing Field For Trade

The Dairy Companies Association of New Zealand (DCANZ) has welcomed New Zealand Trade Minister David Parker’s statement that it is unacceptable for New Zealand exporters to continue facing an ‘unlevel playing field’ in the EU. Details leaked ... More>>

ALSO:

New Zealand Government: Supporting Kiwi Businesses To Resolve Rent Disputes

The Government will legislate to ensure businesses that suffered as a result of the COVID-19 response will get help to resolve disputes over commercial rent issues, Justice Minister Andrew Little announced today. More>>

ALSO: