Inner City Apartment Sell Well

8 Apartments were sold under the hammer in a mix of cbd & fringe units offered by City Sales on Wednesday. Another 3 were passed in. Auction results:

K Rd ridge

George Court, 238 Karangahape Rd, unit 3O, 90-105m², partly furnished 2 bedrooms, study, parking space, rates & body corp levy $5473/year, rental assessment $5-600/week, sold for $400,000 (Gabrielle Hoffman)

Meridian, 11 Howe St, unit 2D, 21m², partly furnished studio, deck, rates & body corp levy $2792/year, rent $220/week, sold for $102,500 (Wendy Feng)

Learning Quarter

96 on Symonds, 96 Symonds St, unit 1409, 38m², fully furnished 2 bedrooms, deck, in 10-year lease (from 2005) to 96 Management Ltd (now P&S Truscott Ltd), 2 x 10-year rights of renewal, rates & body corp levy $5174/year, sold for $168,500 (Hilary Seagrave & Lucy Piatov)

The Beach, 85 Beach Rd, unit 906, vacant 55m², fully furnished 2 bedrooms, deck, rates & body corp levy $8905/year, sold for $223,000 (Lucy Piatov & Hilary Seagrave)

The Pullman Hotel, 6 Princes St, unit 754 (7F), 70m² fully furnished one bedroom, deck, parking space, rates & body corp levy $11,680/year, in 11-year hotel lease (from 2002) at $33,978 + gst/year, one 10-year right of renewal, sold for $325,000 (Gabrielle Hoffman)

Victoria Quarter

Ascent, 149 Nelson St, unit 416, vacant 52m², partly furnished 2 bedrooms, deck, parking space, body corp levy $4133/year, passed in at $190,000 (Mike Campbell)

Heritage Farmers, 35 Hobson St, unit 551, 48m², fully furnished one bedroom, rates & body corp levy $10,215/year, in 50-year hotel lease (from 1998) returning $21,840 + gst/year,

sold for $166,000 (Maryanne Wong)

Oaks on Hobson, 188 Hobson St, unit 511, 46m², fully furnished 2 bedrooms, rates & body corp levy $7458/year, in 20-year hotel lease (from 2005) at $17,671/year, one 10-year right of renewal, passed in at $110,000 (Gabrielle Hoffman)

Isthmus east

Grafton, Luna, 16 Burton St, unit 1T, 38m², partly furnished one bedroom, deck, parking space, rates & body corp $3137/year, rent $285/week fixed until this month, sold for $195,000 (Hilary Seagrave & Lucy Piatov)

Isthmus west

Eden Terrace, Der Rohe, 10 Flower St, unit 204, 47m², partly furnished 2 bedrooms, deck, parking space (rent additional), rates & body corp levy $4278/year, periodic rent $350/week, passed in at $200,000 (Sue Beirne)

Eden Terrace, Washington, 20 Charlotte St, unit 3L, 70m², 2 bedrooms, deck, parking space, rates & body corp levy $5307/year, rent $390/week fixed to January, sold for $260,000 (Lucy Piatov & Hilary Seagrave).

Bob Dey Report

 

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