Latest “Shoe Box” Apartment Sales

An example of how to fit midgets into cubby holes so long as they don’t breathe, and can sleep standing up while eating.Toilets not included.

Ray White City Apartments’ auction started with 3 sales today, then quietened down as only one of the next 7 properties was sold.

96 on Symonds, 96 Symonds St, unit 903:

Features: 36m², furnished 2 bedrooms

Outgoings: rates $911/year including gst; body corp levy $3498/year

Income assessment: $380/week

Outcome: passed in at $150,000

Four Seasons, 22 Emily Place, unit 4F:

Features: 55m², one bedroom

Outgoings: rates $1001/year including gst; body corp levy $6257/year

Income assessment: $350/week

Outcome: passed in at $230,000

The Federal, 207 Federal St, unit 1202:

Features: 61m², 2 bedrooms, parking space

Outgoings: rates $1331/year including gst; body corp levy $5778/year

Income assessment: $500/week for apartment, $60/week for parking space

Outcome: passed in at $305,000

Nova en Scotia, 18 Scotia Place, unit 12G:

Features: 48m², 2 bedrooms, parking space

Outgoings: rates $1089/year including gst; body corp levy $4111/year

Income assessment: $370/week

Outcome: sold for $287,000

Westmount, 23 Upper Queen St, unit 4A:

Features: 80m², furnished 2 bedrooms, 2 bathrooms, parking space

Outgoings: rates $1545/year including gst; body corp levy $6513/year

Income assessment: $450/week fixed to 8 March

Outcome: no bid

Aura, 53 Cook St, unit 614:

Features: 49m², furnished 2 bedrooms

Outgoings: rates $924/year including gst; body corp levy $4084/year

Income assessment: $435/week fixed until 5 March

Victoria City Apartments, 77 Victoria St, unit 2B:

Features: 22m², one bedroom

Outgoings: rates $728/year including gst; body corp levy $3440/year

Income assessment: $290/week

Outcome: passed in at vendor’s bid of $155,000

Zest, 72 Nelson St, unit 306:

Features: 36m², furnished 2 bedrooms, parking space

Outgoings: rates $911/year including gst; body corp levy $3667/year

Income assessment: $340/week for apartment, $50/week for the parking space

Outcome: sold for $206,200

The Sebel, 85 Customs St West, unit 624:

Features: leasehold, 48m², fully furnished one bedroom, parking space

Outgoings: rates $2968/year including gst; body corp levy $9648/year

Income assessment: vacant

Outcome: sold for $180,000

Der Rohe, 10 Flower St, unit 107:

Features: 41m², 2 bedrooms, 9m² deck, parking space

Outgoings: rates $1095/year including gst; body corp levy $3268/year

Income assessment: $375/week

Outcome: passed in at $210,000

Bob Dey

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