Latest Apartment Sales

4 apartments sold under the hammer out of 6 offered at Ray White City Apartments’ auction today. They included a leasehold unit in Q Central (at the top of Queen St, in photo) with $12,500/year of outgoings, which was marked down to $1473/m².

Q Central, 50 Liverpool St, unit 2A:
Features:
leasehold, 65m², 2 bedrooms
Outgoings: rates $1014/year including gst; body corp levy $3616/year, ground rent $8862/year
Income assessment: $500/week, currently vacant
Outcome: sold for $95,100

Santa Fe, 21 Day St, unit 3:
Features:
82m², 2 bedrooms, balcony, secure parking space; a remedial reclad was completed in 2006
Outgoings: rates $1231/year including gst; body corp levy $3759/year
Income assessment: $550-650/week depending on furnishings
Outcome: passed in at $300,000

Harvard, 147 Hobson St, unit GG:
Features:
37m², 2 bedrooms, parking space
Outgoings: rates $857/year including gst; body corp levy $4496/year
Income assessment: $400/week for the unit, $50/week for the parking space
Outcome: passed in at $195,000

Heritage Tower, 22 Nelson St, unit 911:
Features:
furnished studio, deck
Outgoings: rates $2197/year including gst; body corp levy $5041/year
Income assessment: $522/month + gst; the unit is under hotel management but can become on 30 September
Outcome: sold for $147,500 + gst

Imperial Gardens, 135 Hobson St, unit 521:
Features:
35m², one bedroom, parking space
Outgoings: rates $952/year including gst; body corp levy $3068/year
Income assessment: $380/week until 11 October
Outcome: sold for $227,000

Memphis, 5 Charlotte St, unit 2C:
Features:
65m², one bedroom, garage
Outgoings: rates $1030/year including gst; body corp levy $3117/year
Income assessment: long-term lease just ended
Outcome: sold for $233,000

( Bob Dey)

Posted in News & Articles | 1 Reply

One thought on “Latest Apartment Sales

  1. hi there,
    just wonder what do you mean by ‘Outcome: passed in at $195,000′
    is that mean the last bid for that apartment in the auction was $195000?
    thanks very much from

    Mark

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