Apartment Market Busy

Published 19 August 2011
Bob Dey report

An auction sheet of 14 apartments drew a large lineup of buyers to Ray White City Apartments yesterday. 6 units were sold under the hammer, including 3 on leasehold. Auction results:

Quay Park

Grand Central (ex-Railway Campus), 26 Te Taou Crescent, unit 6 & 74p, leasehold, 55m², 2 bedrooms, one parking space (3 separate incomes), rates $866/year, rent $350/week for the unit, parking $45/week, sold for $44,000 (Damian Piggin & Daniel Horrobin)

Scene 3, 30 Beach Rd, unit 702, 56m², one bedroom, study, secure parking space, no bid (Sean Mo) – full details not available

The Landings, 8 Ronayne St, unit 1008, leasehold, 75m² internal, 2 bedrooms, 2 bathrooms, balcony, 2 tandem basement parking spaces & storage locker, rates $1209 + gst/year, rental assessment $525-550/week unfurnished, sold for $110,000, subject to bank approval (Dominic Worthington)
Uptown

Espano, 20 Poynton Terrace, unit 12, 71m², 2 bedrooms, one garage licence to occupy, rates & body corp levy $5623/year, rental assessment $400-430/week, passed in at $375,000 (Gillian Gibson)

Victoria Quarter

Alpha, 17 Vogel Lane, unit 601, sold for $385,000 (Krister Samuel & Ellen Sparnon) – full details not available

Ascent, 149 Nelson St, unit 203, 41m², fully furnished 2 bedrooms, balcony, rates & body corp levy $3171/year, rent $330/week, sold for $125,000 (Thomas Sahs)

Harvard, 147 Hobson St, unit 1I, passed in at $125,000 (Damian Piggin & Daniel Horrobin) – full details not available

Harvard, 147 Hobson St, unit 9C, 38m², furnished 2 bedrooms, parking space, rates & body corp levy $4798/year, current periodic rent $300/week, parking vacant, passed in at $165,000 (Damian Piggin & Daniel Horrobin)

Heritage Grand, 22 Nelson St, unit 406, 72m², one bedroom, parking space, rates & body corp levy $9167/year, current rent $550/week, passed in at $293,000 (Damian Piggin & Daniel Horrobin)

Zest, 72 Nelson St, unit 921, passed in at $180,000 (Damian Piggin & Daniel Horrobin) – full details not available

Zest, 72 Nelson St, unit 1028, 48m², furnished 2 bedrooms, 2 bathrooms, parking space leased at $50/week, rates & body corp levy $4183/year, one bedroom rented at $280/week (other used for storage), passed in at $220,000 (Damian Piggin & Daniel Horrobin)

Zest, 72 Nelson St, unit 1408, sold for $115,000 (Damian Piggin & Daniel Horrobin) – full details not available

Waterfront

Lighter Quay, 77 Halsey St, unit 309, leasehold, 73m², 2 bedrooms, 2 bathrooms, rates $1322/year, body corp levy $8085/year including $2996/year ground lease, rent $490/week, passed in at $200,000 (James Graydon)

Princes Wharf, 137 Quay St, shed 19, unit 6, leasehold, 66m² internal, 95m² deck, one garage licence (outgoings payable but no fee), ground rent $4867/year, opex $26,437/year (including gst), rates $1529/year, sold for $126,000 (Marcus Fava)

http://www.bdcentral.co.nz/afa.asp?idWebPage=8338&idBobDeyProperty_Articles=16563&SID=667375575

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