Latest Auckland Inner City Apartment Sales

7 sell under hammer at City Sales
Wednesday 18 March 2015

After a quiet start to the year in the auction room, City Sales sold 7 apartments under the hammer today out of 10 on offer. They included 2 units on long-term management contracts and ranged from a 2-bedroom apartment in the Metropolis down to a Heritage Farmers studio.

Barclay Suites, 74 Albert St, unit 2203:
Features:
45m², furnished one bedroom, deck
Outgoings: rates $3386/year including gst; body corp levy $4800/year paid by hotel
Income assessment: $25,830/year net + gst
Outcome: no bid

Metropolis, 1 Courthouse Lane, unit 2608:
Features:
90m², fully furnished 2 bedrooms, 2 bathrooms, parking space
Outgoings: rates $2364/year including gst; body corp levy $11,239/year
Outcome: sold for $780,000

Princeton, 30 Symonds St, unit 15A:
Features:
27m², 2 bedrooms
Outgoings: rates $836/year including gst; body corp levy to be confirmed
Income assessment: leased to Zeta Management Ltd until 29 October 2022
Outcome: sold for $115,000 + gst

Princeton, 30 Symonds St, unit 15B:
Features:
27m², 2 bedrooms
Outgoings: rates $836/year including gst; body corp levy to be confirmed
Income assessment: leased to Zeta Management Ltd until 29 October 2022
Outcome: sold for $115,000 + gst

Forte, 37 Symonds St, unit 301:
Features:
33m², fully furnished one bedroom, deck
Outgoings: rates $804/year including gst; body corp levy $2140/year
Income assessment: $335/week fixed until August
Outcome: passed in at $190,000

Madison House, 145 Symonds St, unit 408:
Features:
64m², fully furnished 2 bedrooms
Outgoings: rates $992/year including gst; body corp levy $4639/year
Income assessment: vacant
Outcome: sold for $350,000

Madison House, 145 Symonds St, unit 707:
Features:
54m², fully furnished one bedroom, deck, parking space
Outgoings: rates $1008/year including gst; body corp levy $5173/year
Income assessment: $485/week fixed until August
Outcome: sold for $350,000

Heritage Farmers, 35 Hobson St, unit 434:
Features:
31m², fully furnished studio
Outgoings: rates $782/year including gst; body corp levy $4564/year
Income assessment: vacant
Outcome: sold for $137,000

Heritage Farmers, 35 Hobson St, unit 435:
Features:
53m², fully furnished one bedroom, parking space on separate title
Outgoings: rates $1056/year including gst for the unit, $906 for the parking; body corp levy $6835/year
Income assessment: vacant
Outcome: sold for $268,000

Zest, 72 Nelson St, unit 216:
Features:
20m², fully furnished one bedroom, deck
Outgoings: rates $766/year including gst; body corp levy $1678/year
Income assessment: $280/week fixed until 9 May
Outcome: passed in at $140,000

Attribution: Auction.

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>