7 apartments sell at Ray White auction

7 of the 9 apartments auctioned at Ray White City Apartments today were sold under the hammer.

CBD

Federal St

Federal, 207 Federal St, unit 704:
Features: 61m² including balcony, fully furnished 2 bedrooms
Outgoings: rates $1430/year including gst; body corp levy $5083/year
Income assessment: $500/week current
Outcome: sold for $525,000
Agent: Victor Liu

Uptown

Q City, 11B City Rd, unit 3A:
Features: leasehold, 59m², one bedroom, leased to Housing NZ until April 2019
Outgoings: rates $1253/year including gst; body corp levy $3296/year, ground rent $6800/year
Income assessment: $18,936/year
Outcome: sold for $92,000
Agents: Ryan Bridgman & Mitch Agnew

Nova en Scotia, 18 Scotia Place, unit GE:
Features: 44m², vacant one bedroom
Outgoings: rates $1316/year including gst; body corp levy $3488/year
Outcome: passed in at $375,000
Agents: Bain Duigan

Victoria Quarter

Grand Chancellor, 1 Hobson St, unit 403:
Features: 57m², one bedroom, 5m² deck, storage, parking space
Outgoings: rates $1582/year including gst; body corp levy $4411/year
Income assessment: $650-700/week furnished
Outcome: sold vacant for $618,000
Agent: Krister Samuel

H47, 47 Hobson St, unit 401:
Features: 61m², one bedroom, secure parking space
Outgoings: rates $1544/year including gst; body corp levy $4704/year
Income assessment: $590-650/week furnished
Outcome: sold vacant for $605,000
Agents: Ryan Bridgman & Mitch Agnew

Heritage Tower, 22 Nelson St, unit 318:
Features: 37m² studio, balcony
Outgoings: rates $1025/year including gst; body corp levy $3361/year
Income assessment: appraisal $450-480/week furnished
Outcome: sold for $295,400
Agents: Ron Yang, Damian Piggin & Daniel Horrobin

Ascent, 149 Nelson St, unit 726:
Features: 53m², 2 bedrooms, secure parking space
Outgoings: rates $1101/year including gst; body corp levy $3562/year; special levy of $10,137 was due from current owner by 20 February
Income assessment: $470/week fixed until January 2018
Outcome: sold for $405,000
Agents: Simon Harrison, Damian Piggin & Daniel Horrobin

Harbour Green, 11 Union St, unit 301:
Features: 47m², fully furnished 2 bedrooms
Outgoings: rates $1240/year including gst; body corp levy $4012/year
Income assessment: $650/week furnished
Outcome: no bid
Agents: Ron Yang & Danial Horrobin

SugarTree, 27 Union St, Prima unit 813:
Features: 53m², one bedroom, 10m² covered deck
Outgoings: rates $1567/year including gst; body corp levy $3311/year
Income assessment: $480/week fixed until August, appraisal $500-530/week
Outcome: sold for $510,000 at auction brought forward
Agents: Ady Huang & Dominic Worthington

Attribution: Auction.

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