A block of 9 apartments (pictured) in a 4-level building on Birdwood Crescent, Parnell, was sold for $6.75 million at Bayleys’ auction last Thursday.
The property has further development potential under the new unitary plan, including basement apartments & 2 extra levels on top.
Another multi-unit property, on Paritai Drive, also topped the $6 million mark at the auction in Bayleys’ Remuera office.
Units in Mairangi Bay & Mt Wellington also sold at Bayleys branch office auctions.
21 Houghton St, unit 4:
Features: 2-bedroom end unit, garage
Outcome: passed in, back on market at $699,000
Agents: Dianne Nichol & Steve Gill
68 Banks Rd, unit 1:
Features: cross-lease, quarter share in 1219m², 90m² 2-bedroom unit, carport
Outcome: sold for $560,000
Agent: Reinka Ratti
146 Paritai Drive:
Features: 4 one-bedroom 1960s apartments and a 2002 4-bedroom family residence with a separate living area, long-term tenants, 12 parking spaces
Income assessment: gross rent about $180,000/year
Outcome: sold for $6.15 million
Agents: Robert Ashton (Bayleys) & Mike Zelcer (Ray White)
3 Birdwood Crescent:
Features: 701m² site, floorspace 796m² internal + 66m² of decks, 4-level apartment building constructed in 1968, 9 apartments – 6 of 2 bedrooms, 3 of one bedroom, basement storage & laundry, 13 parking spaces, zoned terrace housing & apartment building under the new unitary plan, allowing for 3 new apartments at basement level and the potential to add 2 floors
Outgoings: rates $15,111/year including gst
Income assessment: current gross rent $199,627/year, assessment $262,860/year gross
Outcome: sold for $6.75 million
Agent: Gary Wallace
5 Hastings Rd, unit 1:
Features: 2-bedroom unit, work-from-home options
Outcome: sold for $807,500
Agent: Tara Menzies
Attribution: Agency release.