Latest City Apartment Sales

5 sold, 5 passed in amid some frenzied biddin
13 March 2015
4 cbd apartments and one in Kingsland were sold under the hammer at Ray White City Apartments’ auction yesterday, leaving 2 waterfront leasehold units, a pair of Unilodge on Anzac studios offered in one package and a unit in the Quest Parnell unsold.

Freehold sale prices reached $8000/m² of internal space, though a unit in the Quay West suites hotel building slipped below $6000/m².

 

Quay West, 8 Albert St, unit 1402:
Features: 75m², one bedroom, large balcony
Outgoings: rates $4550/year including gst; body corp levy $6939/year
Outcome: sold for $446,000

Unilodge on Anzac, 138 Anzac Avenue, units 704 & 805:
Features: 2 studios in purpose-built student accommodation block, each 13m²
Outgoings: rates $588/year each, including gst; body corp levy $3399/year each
Income assessment: under management lease renewed for 10 years from April 2012
Outcome: passed in at $30,000 for both

Waldorf Bankside, 8 Bankside St, unit 14F:
Features: 30m², fully furnished studio, balcony
Outgoings: rates $830/year including gst; body corp levy $4211/year
Income assessment: $340/week, out of hotel pool in June
Outcome: sold for $235,000
The Quadrant, 10 Waterloo Quadrant, unit 1323:
Features: 36m², furnished one bedroom, balcony
Outgoings: rates $1083/year including gst; body corp levy $4137/year
Income assessment: in hotel pool
Outcome: sold for $256,000

Alpha, 17 Vogel Lane, unit 1407:
Features: 45m², renovated 2 bedrooms, top floor, deck, parking available in building
Outgoings: rates $1008/year including gst; body corp levy $4164/year
Income assessment: $480-500/week fully furnished
Outcome: sold for $365,000

Lighter Quay, 79 Halsey St, unit 108:
Features: leasehold, 76m², 2 bedrooms, 2 bathrooms, balcony
Outgoings: rates $2445/year including gst; body corp levy $13,324/year including ground rent of $6633/year (gst-exempt)
Income assessment: owner occupied
Outcome: passed in at $327,000

Latitude 37, 20 Pakenham St, unit 2P:
Features: leasehold, 52m², one bedroom, parking space
Outgoings: rates $1681/year including gst; body corp levy $3289/year, ground rent $5199 (gst-exempt)
Outcome: passed in at $250,000

Quest Parnell, 6 Heather St, unit 203:
Features: 30m² studio
Outgoings: rates $2525/year including gst; body corp levy $3482/year
Income assessment: $6900/year net; hotel lease expires 2023, further 10-year term available
Outcome: passed in at $101,000 + gst

Kingslander, 435 New North Rd, unit 5W:
Features: 45m², one bedroom, study, parking space
Outgoings: rates $1282/year including gst; body corp levy $4773/year
Income assessment: $450/week furnished
Outcome: sold for $392,000

bob dey

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