I'm sure a potential buyer will think the same, maybe Kainga Ora (Housing NZ) might be a buyer of such a large space in a relatively central area of Auckland as well (knowing in advance they can get zoning changed)
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I guess they are quite big commercial buildings, presumably in good condition, so probably best evaluating them on that basis first.
Or maybe another kiwibuild development. That area is close to ellerslie and would sell like hot cakes to young first home buyers.
Looking at sqm cost of recent commercial building sales in Mt wellington - looks like $20 million easy, probably closer to $30 million.
https://www.interest.co.nz/property/...ngton&agency=-
Selling up to residential for additional Sky subs lol.
A while ago Ogg mentioned "others" had purchased real estate near by if I am not correct. Does this mean either Sky already has a buyer for the property or are the 900 odd staff "collaborating in new ways" going to be relocated and wearing a new uniform to work in a few months?
So when I say buyer what I mean is really is Sky already being brought out. Who cares about the sale of property and thankfully we do not need comcoms permission to sell.
To me it serious does look like they are preparing for this buy out
The main building (which they are keeping) had a CV of $15.5M back in 2017.
https://www.qv.co.nz/property-search...etails/262189/
The two buildings combined have a bigger land area and more office space.
CV values aren't much to go by (they usually understate how much a buyer would actually pay to acquire the asset, often significantly so).
But I would think $30M is a bit light for what is on offer.
I would be pissed off if they sold it without getting best use/highest value which in my mind would be residential use. Adjoining resiidential it is completely logical. Res zone land in outer central suburbs is achieving 2500 per sqm so 30m is totally underselling i believe. The agents will tell them what they want to hear now and then cut them down