courtesy of City Sales via Bob Dey… Published 2 March 2011 Bob Dey Report
City Sales sold 3 apartments before today’s auction, then followed that up with 3 sales under the hammer.
2 identical units in The Quadrant, beside the Hyatt Auckland (now Pullman) Hotel, were sold – one prior and the other under the hammer for $11,000 more.
The sales included one leasehold unit, in the Hudson Brown block beside the old railway station at Quay Park. Auction & pre-auction sales:
Empire, 21-23 Whitaker Place, 52m², units 1425-26 in serviced student hostel on long lease, 2 bedrooms, 2 bathrooms, 2010 net income $11,500, sold for $116,000 (Andrew Bond)
Metro, 82 Wakefield St, studio, sold prior for $121,000 (Wendy Feng)
The Quadrant, 10 Waterloo Quadrant, unit 1801, 22m² studio, deck, rent $320/week fixed to February 2012, sold for $146,000 (May Ma & Mark Li)
The Quadrant, 10 Waterloo Quadrant, unit 1901, 22m² studio, deck, rental assessment $320/week ,sold prior for $135,000 (May Ma & Mark Li)
Parnell, Arena – Quest Parnell, 6 Heather St, unit 504, 63m² 2 bedrooms, deck, 2 parking spaces, rental assessment $550-600/week, passed in at $405,000 (Steve Kirk)
Hudson Brown, 57 Mahuhu St, 70m² leasehold unit 114, 2-bedroom corner unit near Vector Arena, deck, parking space, fully furnished, rental assessment $450/week, sold for $190,000 (James Mairs)
Lighter Quay, Viaduct, 75 Halsey St, unit 503, one bedroom, sold prior for $150,000 (James Graydon & David Parker)