Published 28 October 2011
Ray White City Apartments’ auction was a mixed bag yesterday – 4 units sold under the hammer, including one at the declared reserve after a stand-off between bidders lasting several minutes, and 4 were passed in. Auction results:
Century on Anzac, 100 Anzac Ave, unit GE, 59m², 2 bedrooms, deck, parking space, rates & body corp levy $5720/year, current rent $465/week, passed in at $350,000 (Damian Piggin & Daniel Horrobin)
Romano, 75 Anzac Ave, unit 3A, 80m², one bedroom, 2 parking spaces, rates & body corp levy $5795/year, rental assessment $500-550/week, sold for $315,000 (Dominic Worthington)
Unilodge, 138 Anzac Ave, unit 409, leasehold, 36m², fully furnished one bedroom, rates & body corp levy $6656/year, sold for $60,000 (Dominic Worthington)
Unilodge on Beach, 133 Beach Rd, unit 314, leasehold, 20m², fully furnished studio, rates & body corp levy $4210/year, vacant, passed in at $70,000 (Dominic Worthington)
Airedale, 380 Queen St, unit 312, 25m², fully furnished studio, rates $1888/year, body corp levy $2037/year plus gst, sold at declared reserve of $99,000 (Damian Piggin & Daniel Horrobin)
C-Vu, 36 Day St, unit 10B, 28m², fully furnished one bedroom, deck, parking space, rates & body corp levy $4691/year, periodic rent $320/week, sold for $100,000 (Bain Duigan)
Volt, 430 Queen St, unit 418, 38m² plus deck, fully furnished 2 bedrooms, rates & body corp levy $4183/year, rent $410/week fixed to January, passed in at $189,000 (Marcus Fava)
Imperial Gardens, 135 Hobson St, unit 120, 34m², fully furnished one bedroom, rates & body corp levy $3454/year, rent $310/week fixed to May 2012, passed in at $140,000 (Jackson Bodle & Tim Washington)
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Attribution: Auction, story written by Kel Rayens & Bob Dey for the Bob Dey Property Report.