Published 30 August 2017, updated 2 September:
A unit in the Empire apartment building on Whitaker Place (pictured) was sold $40,000 above the $100,000 declared reserve at Bayleys’ auction on Wednesday.
2 other apartments were passed in, but the first of these, in Portland Tower on Queen St, was sold post-auction and the second, in the Hopetoun Residences off Karangahape Rd, is under contract.
Empire, 23 Whitaker Place, unit 514:
Features: 3 bedrooms; the body corporate has brought proceedings against Downer EDI Ltd, the developer & builder of the Empire apartments, relying on the watertightness guarantee and has settled another claim; the unit has a deed of lease agreement with Theta Management Ltd (John Chen) and the lease has been extended to 20 April 2026
Outgoings: rates $1214/year including gst; body corp levy $4708/year
Outcome: declared reserve $100,000 + gst, sold for $140,000 + gst
Agents: Dave Hamlyn & Wendy Nichols
Updated: Portland Tower, 62 Queen St, unit 12B:
Features: one bedroom, deck, managed by hotel
Outgoings: rates $3995/year including gst; body corp levy $6436/year
Outcome: passed in at $188,000, sold post-auction for $195,000
Agents: Dave Hamlyn & Marcus Fava
Updated: Hopetoun Residences, 15 Hopetoun St, unit 7D:
Features: 2 bedrooms, 2 bathrooms, 2.7m stud height, parking space, storage room
Outgoings: body corp levy $6156/year
Outcome: no bid, post-auction under contract
Agents: Trent Quinton & Julie Prince
Attribution: Auction documents.