Archive | Uptown

Flats, townhouse & apartment sell

3 of the 4 intensive homes auctioned at Bayleys this week were sold under the hammer – a Takapuna development site currently in 2 flats (outlined), a Scotia Place apartment with remedial work set to start, and a Mt Albert townhouse.

A Hopetoun Residences apartment was passed in and the auction of an Avondale property was postponed.

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Uptown

Hopetoun Residences, 15 Hopetoun St, unit 402:
Features: 2-bedroom corner apartment, 2.7m ceilings, 2 bathrooms, covered balcony, 2 parking spaces
Outcome: passed in, back on market at $1.395 million
Agents: Trent Quinton & Julie Prince

Scotia Tower, 8 Scotia Place, unit 7C:
Features: one bedroom, parking space, remedial work set to start in 2018
Outcome: sold for $156,000
Agent: Marcus Fava

Isthmus west

Avondale

1843 Great North Rd:
Features: 2309m² site, 250m² floor area – café & villa; height limit under unitary plan 32.5m in business town centre zone 
Outcome: auction postponed
Agents: Laurie Bell & Kate Kirby

Mt Albert

8 Soljak Place, unit 36:
Features: 84m², 2-level terraced townhouse, 2 bedrooms, courtyard, balcony, 2 parking spaces, gated entrance
Outcome: sold for $575,000
Agents: Gay Kelly & Peter Cashmore

North-east

Takapuna

8 The Terrace:
Features: 2 flats, one of 3 bedrooms with double garage, the other of 2 bedrooms, conservatory, parking space, listed as a development site with holding income
Outcome: sold for $2.508 million
Agents: Allan Boot

Attribution: Agency release.

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Interest withers at apartments auction

A Connaught apartment was sold at Ray White City Apartments’ auction yesterday, interest in another fell well short of vendor aspirations and there was just one bid for the final 3 properties on offer.

CBD

Learning Quarter

The Connaught, 14 Waterloo Quadrant, unit 7D:
Features: 48m², one bedroom, 13m² balcony
Outgoings: rates $1832/year including gst; body corp levy $4252/year
Income assessment: $530-580/week furnished
Outcome: sold for $547,000
Agents: Judi & Michelle Yurak

The Whitaker, 2 Whitaker Place, unit 5B:
Features: 33m² studio; according to the pre-contract disclosure statement, the building’s goods lift is out of order and the body corporate is assessing roof remediation
Outgoings: rates $1088/year including gst; body corp levy $4271/year
Income assessment: $320/week current, appraisal $380-400/week furnished
Outcome: passed in at $202,000
Agents: Adam Gurr

Lorne St

Lorne St Lofts, 4 Lorne St, unit D:
Features: 40m² studio
Outgoings: rates $1367/year including gst; body corp levy $7372/year
Income assessment: $430-460/week furnished
Outcome: no bid
Agents: Judi & Michelle Yurak

Quay Park

Scene 3, 30 Beach Rd, unit 714:
Features: leasehold, 62m², one bedroom, balcony, covered parking space
Outgoings: rates $1331/year including gst; body corp levy $2977/year, ground rent $6188/year, next review in 2018
Income assessment: $550/week current
Outcome: passed in at $100,000
Agents: Ann Bennett

Uptown

Bianco off Queen, 2 White St, unit 11G:
Features: 81m², 2 bedrooms, balconies facing east & west, secure parking space; the vendor has given no warranty on weathertightness or structural integrity and wants to sell without liability
Outgoings: rates $1608/year including gst; body corp levy $7124/year plus an additional $3800 levy
Income assessment: unit $680-700/week, parking $70-80/week
Outcome: no bid
Agents: May Ma & Mark Li

Attribution: Auction.

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2 uptown apartments sell

2 of the 3 city centre apartments auctioned at Barfoot & Thompson today – both at the top of the hill – were sold under the hammer. The other attracted no bid.

One of the units sold is leasehold, in Q Central (pictured) on the Methodist Church land at the top of Queen St, and the other is across on Pitt St, just down from the new rail station to be developed around the Karangahape Rd intersection.

CBD

Learning Quarter

The Quadrant, 10 Waterloo Quadrant, unit 1016:
Features: 20m² furnished studio, balcony
Outgoings: rates $1133/year including gst; body corp levy $2710/year
Income assessment: $380/week current, fixed until February; appraisal $380-420/week
Outcome: no bid
Agent: Selina Zheng

Uptown

Q Central, 48 Liverpool St, unit 3B:
Features: leasehold term runs until 2086, 2 bedrooms, double garaging
Outgoings: body corp levy $8612/year for unit & parking
Income assessment: unit $520/week, parking $50/week
Outcome: pre-auction offer $165,000, sold at auction for $186,500
Agents: Zoran Farac & Leo Shin

The Chatham, 70 Pitt St, unit 702:
Features: 50m², one bedroom, storage locker, secure parking space
Outgoings: body corp levy $6487/year
Outcome: sold for $505,000
Agents: Wendy Feng & Jack Li

Attribution: Auction.

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5 intensive homes, 4 standalones sell at auctions

Out of 18 intensive homes (apartments, suburban flats & homes on cross-leased sites) auctioned at Barfoot & Thompson’s city office over 5 sessions this week, 3 apartments & a cross-lease were sold under the hammer, and another cross-lease was sold post-auction.

Both apartments taken to mortgagee auction were sold. The auction of one apartment was postponed.

All up, 32 residential properties were offered at those 5 sessions (from Tuesday afternoon to Thursday morning). On top of the 5 intensive homes sold, 4 standalone homes were sold out of the 14 auctioned.

CBD

Albert St

Quay West, 8 Albert St, unit 2703:
Features: 3 bedrooms, 2 bathrooms, 2 covered parking spaces
Outgoings: body corp levy $19,999/year + gst ($13,888 opex, $6111 reserve)
Outcome: passed in at $1.73 million, back on market at $1.79 million
Agents: Helen Lin & Cici Wang

Learning Quarter

UniLodge, 138 Anzac Avenue, unit 201:
Features: leasehold, one-bedroom student apartment
Outgoings: body corp levy $7520/year ($3014 operating fund, $4507 ground rent), $18,274 of arrears owed at 30 June
Outcome: sold for $58,000 at mortgagee auction
Agent: Philip Davis

Uptown

C-Vu, 36 Day St, unit 6G:
Features: 2 bedrooms, deck, parking space; building is undergoing remediation, this apartment now ready for occupation
Outgoings: I don’t have these details, which would affect price
Outcome: sold for $461,000 at mortgagee auction
Agent: Philip Davis

Chatham, 70 Pitt St, unit 702:
Features: 50m², one-bedroom apartment, parking space, storage locker
Outgoings: body corp levy $6487/year
Outcome: auction postponed
Agents: Wendy Feng & Jack Li

132 Vincent St, unit 3C:
Features: 81m², 2-bedroom apartment, 2 bathrooms (both with underfloor heating), balcony, parking space, high stud ceilings
Outcome: passed in at $760,000
Agents: Stephen Shin & Justin Choi

132 Vincent St, unit GC:
Features: 81m², 2-bedroom apartment, 2 bathrooms (both with underfloor heating), 11m² covered deck, high stud ceilings, option to buy a parking space
Outgoings: body corp levy $5004/year + $473 lift special levy
Outcome: no bid, back on market at $769,000
Agent: Betty Shao

Isthmus east

Epsom

562B Manukau Rd:
Features: 3-bedroom townhouse, 2 bathrooms, 2 toilets, internal-access double garage
Outgoings: body corp levy zero – owners will maintain their own units
Outcome: passed in, back on market at $1.36 million
Agents: Allen Wang

Meadowbank

7 Hawkins St, unit 1:
Features: 2-bedroom unit
Outgoings: body corp levy $1158/year
Outcome: passed in
Agents: Danny Upton & James Yu

Panmure

43 Kings Rd, unit 5:
Features: cross-lease, 1/5 share in 1230m², 2 bedrooms, deck, carport
Outcome: sold for $644,000
Agents: Margaret Johnston & Phyllis Brooks

Parnell

9-11 Fox St, unit 1:
Features: 95m², 2-bedroom apartment, high stud, parking space, 2 large outdoor living areas, parking space
Outgoings: body corp levy $7707/year
Outcome: sold for $700,000
Agent: Cindy Yu

Remuera

82 Bassett Rd, unit 4:
Features: cross-lease, 7/50 share in 3192m², 2 levels, 3 bedrooms, decks, garage
Outcome: passed in, back on market at $1.39 million
Agents: Cici Wang & Leo Liu

Isthmus west

Mt Albert

101 Richardson Rd, unit 2:
Features: cross-lease, 1/5 share in 1439m², 2 bedrooms, carport
Outcome: no bid, back on market at $659,000
Agents: Christine Wooding & Joanne Yu

101 Richardson Rd, unit 3:
Features: cross-lease, 1/5 share in 1439m², 2 bedrooms, carport
Outcome: no bid, sold post-auction
Agents: Christine Wooding & Joanne Yu

Mt Roskill

14A Glass Rd:
Features: cross-lease, half share in 822m², 4 bedrooms, 2 bathrooms, garage
Outcome: no bid, back on market at $865,000
Agents: Frances Li & Ian Thornhill

Sandringham

11A Watson Avenue:
Features: cross-lease, half share in 1181m², 3 bedrooms, 2 bathrooms, office, deck, internal garage
Outcome: passed in, back on market at $1.565 million
Agents: Kath & Dayle Barnes

North-west

New Lynn

34 Miro St, unit 3:
Features: cross-lease, 1/3 share in 1011m², 67m² unit, 3 bedrooms, 2 bathrooms, carport
Outcome: no bid, back on market at $729,000
Agent: Lawrence Yuan

Attribution: Auctions.

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Urba & Parnell apartments passed in

All 3 apartments auctioned at Bayleys’ city office yesterday were passed in – one in Urba off Karangahape Rd and 2 in Parnell.

CBD

Uptown

Urba, 5 Howe St, unit 102:
Features: one bedroom + flexi-room, balcony
Outgoings: body corp levy $4241/year
Outcome: passed in at $501,000
Agents: Cam Hayde & Ellis Prince

Isthmus east

Parnell

Fox Terrace Apartments, 5-7 Fox St, unit 13:
Features: 135m², 3-level standalone townhouse, 2 bedrooms, 2 bathrooms, ground-floor courtyard, rooftop terrace, 2 parking spaces, in leaky complex which has settled with council
Outcome: passed in at “as is where is” receivership sale at $450,000
Agent: Chris Reeves

Northridge, 28 Stanwell St, unit 5G:
Features: one bedroom, balconies, 2 parking spaces
Outgoings: rates $1980/year including gst; body corp levy $7218/year
Outcome: passed in at $700,000, back on the market at $739,000
Agent: Chris Reeves

Attribution: Auction.

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After considerable haggling, third apartment sells at auction

3 of the 4 apartments auctioned at Ray White City Apartments today were sold under the hammer.

The third sale, of a unit in the Altitude on Kingston St (picture shows view from balcony), followed what auctioneer Ted Ingram said was a considerable drop in the “want price”, and considerable haggling between auctioneer & several bidders after Mr Ingram entered a vendor bid at $350,000.

But he was unable to perform the same magic for the last property on offer, a dual-key unit in the Bianco off Queen whose owner wanted to pass all liability for future remediation to the buyer.

A fifth unit, in the Sebel Suites at the Viaduct Basin, was withdrawn from the auction.

CBD

Learning Quarter

Celestion, 19 Anzac Avenue, unit 1103:
Features: 60m², 2 bedrooms, 16m² deck, no parking but available in area to rent at $75-100/week
Outgoings: rates $6879/year including gst; body corp levy $5670/year
Outcome: sold vacant for $527,000
Agent: Dominic Worthington

Uptown

Bianco off Queen, 8 White St, unit 9E:
Features: 84m², furnished dual-key apartment – 2-bedroom & studio, bathroom each part, parking space; the apartment was auctioned without a warranty for weathertightness or structural integrity, for which the buyer would take on liability
Outgoings: rates $1747/year including gst; body corp levy $9561/year
Income assessment: under hotel management, current rent $2800/month; appraisal: 2-bedroom $560-580/week furnished, studio $350-370/week furnished
Outcome: sole bid by vendor at $600,000, passed in
Agents: Simon Harrison, Damian Piggin & Daniel Horrobin

Victoria Quarter

Hobson Heights, 208 Hobson St, unit 6D:
Features: 42m², corner 2 bedrooms, 10m² balcony
Outgoings: rates $1126/year including gst; body corp levy $4605/year
Income assessment: $400/week fixed until 30 September under management agreement, which can be terminated on 6 months’ notice
Outcome: sold for $350,000
Agents: Judi & Michelle Yurak

Altitude, 34 Kingston St, unit 18D:
Features: 40m², 2 bedrooms
Outgoings: rates $1214/year including gst; body corp levy $4920/year
Income assessment: $410/week, increase to $450/week set for 9 October, appraisal $460-490/week furnished
Outcome: sold for $360,000
Agents: Simon Harrison, Damian Piggin & Daniel Horrobin

Waterfront

Sebel Suites, 85 Customs St West, unit 210:
Features: one bedroom, parking space
Outcome: withdrawn from auction
Agents: Damian Piggin & Daniel Horrobin

Attribution: Auction.

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All 3 apartments passed in at auction

All 3 apartments auctioned at Ray White City Apartments today were passed in. The bidding on all 3 was supported by vendor offers (erroneously called bids, though they’re really indicators to bidders of the level the vendor thinks they need to reach).

CBD

Learning Quarter

The Whitaker, 2 Whitaker Place, unit 3D:
Features: 41m², one bedroom, parking space
Outgoings: rates $1101/year including gst; body corp levy $5207/year
Income assessment: $430-460/week furnished
Outcome: passed in after an opening at $300,000 & vendor bid at $350,000; option to buy fully furnished or whiteware only
Agents: Mitch Agnew & Ryan Bridgman

Uptown

Queens Residences, 8 Airedale St, unit 606:
Features: 50m², 2 bedrooms, flexi-room, 5m² deck
Outgoings: rates $1709/year including gst; body corp levy $2311/year
Income assessment: $540/week current, terminating on 18 September
Outcome: passed in at $525,000
Agents: May Ma & Mark Li

Victoria Quarter

The Galleries, 23 Graham St, unit 7:
Features: 101m², 2 bedrooms, 2 bathrooms, 14m² balcony, tandem parking
Outgoings: rates $2240/year including gst; body corp levy $6772/year
Outcome: passed in after an opening bid of $850,000 & 2 vendor bids at $950,000 & $1 million
Agents: Damian Piggin & Daniel Horrobin

Attribution: Auction.

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2 leasehold units plus one in Metropolis sell at auction

2 leasehold apartments – one in the Docks and the other in the Sebel Auckland Viaduct Harbour – plus a unit in the Metropolis were sold at Ray White City Apartments’ auction yesterday, leaving 4 other units unsold.

2 units in the Spencer on Byron hotel in Takapuna were passed in, and a third was withdrawn before the auction started.

CBD

Albert St

Quay West, 8 Albert St, unit 2302:
Features: 74m², one bedroom
Outgoings: rates $1785/year including gst; body corp levy $8433/year
Income assessment: $650-700/week furnished
Outcome: passed in at $565,000
Agent: Ron Yang

Kitchener St

Metropolis, 1 Courthouse Lane, unit 1902:
Features: 52m², corner one bedroom, storage locker, parking space
Outgoings: rates $1595/year including gst; body corp levy $7037/year
Income assessment: $620/week current
Outcome: sold for $616,000
Agent: Dominic Worthington

Quay Park

The Docks, 4 Dockside Lane, unit 224:
Features: leasehold, 30m², one bedroom, remediation of building underway
Outgoings: rates $1037/year including gst; body corp levy $4359/year including ground rent of $1675/year; terminating leasehold from 2011 for 150 years, ground rent reviewed every 7 years, next review November 2018
Income assessment: $390/week current
Outcome: sold for $121,000
Agent: Dominic Worthington

Uptown

Oxford, 13-17 Mount St, unit 5K:
Features: 54m², 2 bedrooms, parking space
Outgoings: rates $1278/year including gst for unit, $1262/year for parking; body corp levy for unit $3624/year, parking $626/year
Income assessment: $650-700/week furnished
Outcome: passed in after the sole bid, from the vendor, at $600,000
Agents: May Ma & Mark Li

Waterfront

Sebel, 85 Customs St West, unit (door) 615:
Features: leasehold, 57m², one bedroom, study area, 7m² balcony
Outgoings: rates $/year including gst; body corp levy $18,038/year, including $7840/year ground rent
Outcome: sold for $300,000
Agents: Judi & Michelle Yurak

North-east

Takapuna

Spencer on Byron, 9-17 Byron Avenue, unit 501:
Features: 59m², fully furnished one bedroom
Outgoings: rates $2190/year including gst; body corp levy $2982/year excluding gst
Income assessment: in hotel management pool
Outcome: passed in at $175,000 + gst
Agents: James Mairs & Gillian Gibson

Spencer on Byron, 9-17 Byron Avenue, unit 612:
Features: 48m², fully furnished one bedroom, parking space
Outgoings: rates $1195/year including gst; body corp levy $3140/year
Income assessment: $550/week, fixed until 30 September
Outcome: passed in at $275,000 + gst
Agents: James Mairs & Gillian Gibson

Spencer on Byron, 9-17 Byron Avenue, unit 712:
Features: 2 bedrooms
Outcome: withdrawn from auction
Agents: James Mairs & Gillian Gibson

Attribution: Auction.

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Bayleys apartment action slow

Bayleys sold 2 northern beach properties under the hammer at its auction yesterday, but action in the apartment sector was slow.

A beach house at 10 Kokopu St, Omaha, sold for $1.575 million and another at 6 Breve St, Mangawhai Heads, sold for $1.125 million.

A new unit in the Hereford Residences just down from the transforming Karangahape Rd received no bid, a cross-leased unit in Mt Albert was passed in, a Glen Eden townhouse was withdrawn from the auction list and put back on the market with a price tag, and the receiver’s auction of a Parnell townhouse was postponed  fortnight.

CBD

Uptown

Hereford Residences, 8 Hereford St, unit 814:
Features: 130m² internal, 20m² covered balcony, 2 bedrooms, 2 bathrooms, 2 lounges, 2 parking spaces
Outgoings: body corp levy $5082/year
Outcome: no bid
Agents: Julie & Ellie Prince

Isthmus east

Parnell

Fox Terrace Apartments, 5-7 Fox St, unit 13:
Features: 135m², 3-level standalone townhouse, 2 bedrooms, 2 bathrooms, 2 parking spaces, ground-floor courtyard, rooftop terrace, in leaky complex which has settled with council
Outcome: taken to market by receiver, auction postponed to Wednesday 2 August
Agent: Chris Reeves

Isthmus west

Mt Albert

825 New North Rd, unit 9:
Features: cross-lease, 1/10 share in 1088m², 2-bedroom unit, parking space
Outcome: passed in at $430,000
Agents: Summer Sun

North-west

Glen Eden

94 Glengarry Rd, unit 19:
Features: 2-level 2-bedroom townhouse, deck, parking space
Income assessment: $390/week appraisal
Outcome: withdrawn from auction, back on market at $478,000
Agents: Christopher Valladares & Michelle Hicks

Attribution: Auction.

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Hereford apartment auctioned off plans

An apartment in Tawera Group Ltd’s Hereford Residences conversion of the former commercial building, Baycorp House, sold off the plans at Bayleys’ city auction on Wednesday.

An unusual Parnell building that combines apartment, office & parking on 4 levels was pulled from the auction and a St Heliers apartment was passed in.

CBD

Uptown

Hereford Residences, 8 Hereford St, unit 702:
Features: 115m² internal, 15m² balcony, 2.7m-high ceilings, 2 bedrooms, 2 bathrooms, 2 parking spaces, storage locker
Outcome: sold off plan for $1.225 million
Agents: Julie & Ellis Prince

Isthmus east

Parnell

11 Farnham St:
Features: 269m² site, standalone building with 4 levels built 10 years ago, 659m² floor area, private lift to penthouse on top 2 floors, conservatory, 4 bedrooms, 5/6-car garage + secured yard parking on ground floor, partitioned office & amenities on level 1, air-conditioned on levels 1-3
Outcome: auction postponed
Agent: Millie Liang

St Heliers

10 Benbow St, unit 2:
Features: 3-bedroom apartment, 2 bathrooms, decks, double garage
Outcome: passed in
Agents: Murray Wallace & Hamish McKay

Attribution: Agency release.

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