Keen Market Except For Leasehold

There was keen bidding for a 1940s-era home unit in Huntly but the owners of a leasehold unit in Auckland’s CBD take a haircut
February 18, 2015 Greg Ninness

This two bedroom unit in Huntly was passed in at $97,000.
There were plenty of potential buyers at at City Sales’ auction room this week for their regular apartment auction, including a contingent from Huntly who had come up for the sale of one half of a duplex which was one of the star’s of the show, however the Dunedin-based owners of a downtown leasehold unit that sold for well below half of its original purchase price were left with an expensive haircut.

The 1940s-era, two bedroom Huntly unit was typical for its type, with brick and tile construction, solid timber joinery, a separate garage and sitting on an almost 600 square metre section.

They don’t build them like that any more and with a floor area of 80 square metres it was more than twice as big as many of the modern two bedroom apartments in Auckland’s CBD.

According to QV.co.nz it had an interesting recent price history, selling for $55,000 in 2010, then for $82,000 in 2012.

Link:

http://www.interest.co.nz/property/74107/there-was-keen-bidding-1940s-era-home-unit-huntly-owners-leasehold-unit-aucklands-cbdThere was keen bidding for a 1940s-era home unit in Huntly but the owners of a leasehold unit in Auckland’s CBD take a haircut

Posted in News & Articles | Leave a reply

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>