Latest City Apartment Sales

906/1 Courthouse Lane. The Metropolis building. A 44sq m, one bedroom apartment, fully furnished and fitted out. Sold for $326,000. Vacant but rent appraised at $450 a week, which would give a gross rental yield of 7.2%. Rates $1262. Body corporate levy $5092. According to QV.co.nz the property was originally purchased for $285,000 in 2005 and sold again for the same price in 2011.

2i/220 Victoria St. The Beaumont building. A 114sq m apartment with two bedrooms, two bathrooms and two car parks, overlooking Victoria Park. Sold for $800,000 compared with its council valuation of $475,000. A previous sales history was not available. Rates $1927 and body corporate levy $8327.

16/6 Porters Ave, Eden Terrace. A 75 sq m, two bedroom, two bathroom apartment on two levels with a tandem car park. This apartment was located adjacent to the railway tracks near Mt Eden station but that didn’t deter potential buyers and it sold for $350,000. Rates $1185 and body corporate levy $2849. Vacant but rent appraised at $540 -$560 a week if rented furnished. According to QV.co.nz it was originally purchased for $257,000 in 2006 and resold for $290,000 in July this year.

315/72 Nelson St. The Zest building. A 23sq m, one bedroom shoebox. Sold for $150,000. Rates $765. Body corporate levy $1742. It was rented at $280 a week fixed until next March, which provided a gross rental yield of 9.7%. According to QV.co.nz the apartment was originally purchased for $126,000 in 2003 and resold for $94,000 in 2008.

412/85 Wakefield St. Tetra House. A 39sq m one bedroom apartment with two bathrooms, managed as part of the Waldorf complex. Sold for $202,000. The management contract provided rental income of $1365 a month (including GST), providing a gross rental yield of 8.1%. Rates $1799. Body corporate levy $4166. According to QV.co.nz it was purchased for $251,000 in 2006.

615/72 Nelson St. The Zest building. A one bedroom 29sq m shoebox. Sold for $150,000. Rented at $270 per week providing a gross rental yield of 9.4%. Rates $878. Body corporate levy $1791. According to QV.co.nz it was originally purchased for $195,000 in 2007.

505/149 Nelson St. Ascent building. A 41sq m one bedroom apartment sold for $160,100. Rented on a periodic tenancy for $320 a week providing a gross rental yield of 10.4%. Rates $828. Body corporate levy $2337. According to QV.co.nz it was originally purchased for $101,000 2003 and resold for $102,000 in 2008.

Source: Interest.co

Posted in News & Articles | 1 Reply

One thought on “Latest City Apartment Sales

  1. The porters ave apartment is in the building that is to be acquired for the underground rail in Auckland according to my understanding. I am sure this would have been discussed during the buyers due diligence activity.

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