Archive | CBD and fringe

Propbd on Q, cut fresh – Thursday 18 July 2013

3.02pm:
2 apartments plus mortgagee house sell at Ray White auction

Although Ray White City Apartments is all about apartments, when a house is occasionally brought to mortgagee auction there it’s inclined to bring a fair number of bidders as well. That was the case today, with 5 people trying to buy a small New Lynn house, which sold, in apartment terms, for $4787.50/m² of building.

2 cbd fringe apartments were sold under the hammer and a Heritage Farmers studio was passed in.

The Quadrant, 10 Waterloo Quadrant, unit 2202, withdrawn from auction, sales agents David Parker & James Graydon

New Lynn, 50 Lynwood Rd, 80m² brick & tile house on 500m² section sold at mortgagee auction for $383,000, John McCracken

Longview, 6 Whitaker Place, unit 4A, sold for $441,000, Damian Piggin & Daniel Horrobin

Heritage Farmers, 35 Hobson St, unit 426, passed in at $143,000, Judi & Michelle Yurak

Uptown, 14 Upper Queen St, unit 9A, sold for $307,500, James Mairs & Marcus Fava

Background

A new page introduced to The Bob Dey Property Report last year, Propbd on Q has resumed appearing daily, hence fresh cut. It will, in essence, be a running commentary on the day’s news – focusing on property & business around Auckland, NZ securities and emanating from Auckland Council.

Items will be brief, with links to outside sources where quickly available, and with links to previous stories on this site. Many of the items will take the place of stories (which have frequently ended up uncompleted); some will link to stories the same day and some, such as auctions & court liquidations, will be expanded into more detailed stories.

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Updated: A day for studios at City Sales as 4 sell

It was a day for studios at City Sales, and all 4 taken to auction today sold under the hammer. The other 2 properties up for auction were passed in – a city fringe unit at Citta, on the corner of Symonds St & Khyber Pass Rd, followed by a leasehold & leaky communal living unit at Unitec, which was passed in with no bid – but sold the next day.

CBD

Learning Quarter

Cambridge, 43 Anzac Avenue, unit 607:
Features: 20m² studio
Outgoings: rates $859/year including gst; body corp levy $3631/year after 10% discount
Income assessment: not given
Outcome: sold for $147,000
Agent: Steve Kirk

The Quadrant, 10 Waterloo Quadrant, unit 1401:
Features: 22m² fully furnished studio, deck
Outgoings: rates $850/year including gst; body corp levy $2804/year
Income assessment: $340/week fixed until 25 August
Outcome: sold for $175,000
Agent: Money Ponniah

Queen St valley

City Life, 171 Queen St, unit 202:
Features: 27m² fully furnished studio
Outgoings: rates $1742/year including gst; body corp levy $2941/year
Income assessment: $310/week fixed until 14 December
Outcome: sold for $146,000
Agent: May Ma & Mark Li

Victoria Quarter

Heritage Tower, 22 Nelson St, unit 819:
Features: 42m² studio, deck
Outgoings: rates $1009/year including gst; body corp levy $4317/year
Income assessment: not given
Outcome: sold for $200,000
Agent: Habeeb Urrahman

Isthmus east

Grafton

Citta, 184 Symonds St, unit 312:
Features: 75m², 2 bedrooms, 2 bathrooms
Outgoings: rates $1221/year including gst; body corp levy $3385/year
Income assessment: $400/week fixed until 27 January 2014
Outcome: passed in at $270,000
Agent: Andrew Bond

Isthmus west

Pt Chevalier

Updated: Unitec, 125 Carrington Rd, door 41:
Features: leasehold, furnished 80m², 5 bedrooms, 2 bathrooms, communal facilities
Outgoings: rates not given; body corp levy $8387/year
Income assessment: $1825/month + gst
Outcome: no bid at auction, sold the next day for $70,000 + gst
Agent: Andrew Bond

Attribution: Auction.

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Propbd on Q, cut fresh – Wednesday 17 July 2013

3.05pm:
4 sell at City Sales

City Sales sold 4 apartments under the hammer at auction today before a city fringe unit at Citta, on the corner of Symonds St & Khyber Pass Rd, was passed in and a leasehold unit at Unitec was passed in with no bid.

City Life, 171 Queen St, unit 202, sold for $146,000, sales agents May Ma & Mark Li

Cambridge, 43 Anzac Avenue, unit 607, sold for $147,000, Steve Kirk

Heritage Tower, 22 Nelson St, unit 819, sold for $200,000, Habeeb Urrahman

The Quadrant, 10 Waterloo Quadrant, unit 1401, sold for $175,000, Money Ponniah

Citta, 184 Symonds St, unit 312, passed in at $270,000, Andrew Bond

Unitec, 125 Carrington Rd, unit 41, leasehold, no bid, Andrew Bond

Background

A new page introduced to The Bob Dey Property Report last year, Propbd on Q has resumed appearing daily, hence fresh cut. It will, in essence, be a running commentary on the day’s news – focusing on property & business around Auckland, NZ securities and emanating from Auckland Council.

Items will be brief, with links to outside sources where quickly available, and with links to previous stories on this site. Many of the items will take the place of stories (which have frequently ended up uncompleted); some will link to stories the same day and some, such as auctions & court liquidations, will be expanded into more detailed stories.

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Corrected: 5 sell at Ray White apartments auction

5 of the 7 units offered at Ray White City Apartments’ auction today were sold under the hammer. A house was also sold and the auction of another house was postponed.

The sales included a 41m² fifth-floor apartment in the character Lister Building on the corner of Victoria & Lorne Sts, one unit in Metropolis and 2 in the Quadrant.

The Lister apartment drew 6 bidders, taking the price to $5170/m².

CBD

Learning Quarter

The Quadrant, 10 Waterloo Quadrant, unit 1605:
Features: 41m², 2 bedrooms, corner unit, 2 decks
Outgoings: rates $1188/year including gst; body corp levy $5467/year
Income assessment: under hotel management
Outcome: sold for $242,500
Agents: Damian Piggin & Daniel Horrobin

The Quadrant, 10 Waterloo Quadrant, unit 1804:
Features: 41m², 2 bedrooms, corner unit, 2 decks
Outgoings: rates $1188/year including gst; body corp levy $5822/year
Income assessment: under hotel management
Outcome: sold for $250,000
Agents: Damian Piggin & Daniel Horrobin

Queen St valley

Lister Building, 9 Victoria St East, unit 5D:
Features: 41m², one bedroom (used as an office)
Outgoings: rates $1114/year including gst; body corp levy $3004/year
Income assessment: $400/week
Outcome: sold for $212,000
Agent: Dominic Worthington

Metropolis, 1 Courthouse Lane, unit 807:
Features: 44m², furnished one bedroom,
Outgoings: rates $1068/year including gst; body corp levy $4046/year, special maintenance levy $4658
Income assessment: not given
Outcome: sold vacant for $233,000
Agent: Victor Liu

Victoria Quarter

Aura, 53 Cook St, unit 616:
Features: 36m², 2 bedrooms, 5 parking spaces
Outgoings: rates $1572/year including gst; body corp levy $7200/year
Income assessment: $360/week for unit, $180/week for 4 parking spaces with potential for $50/week from the fifth
Outcome: passed in at vendor bid of $350,000
Agent: Dominic Worthington

Aura, 53 Cook St, unit 1506:
Features: 53m² penthouse, 2 bedrooms, parking space
Outgoings: rates $1210/year including gst; body corp levy $6396/year
Income assessment: $440/week for unit, $50/week for parking
Outcome: passed in at $295,000
Agent: Dominic Worthington

Corrected: Hobson Heights, 208 Hobson St, unit 5B:
Features: 40m², 2 bedrooms
Outgoings: rates $876/year including gst; body corp levy $4184/year
Income assessment: $325/week fixed until December
Outcome: sold for $183,500  (story originally left out the 1)
Agents: Judi & Michelle Yurak

Attribution: Auction.
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City Sales gets 4 apartments sold

4 of the 8 apartments taken to auction at City Sales today sold under the hammer. Unusually, no bid was offered on any of the last 3 units on the auction list – the suburban Somerset at Morningside & Memphis at Eden Terrace, and Cintra at Whitaker Place.

The lack of bids on the Cintra unit could be explained by remedial works for which a special levy was struck in February. Another unit facing some uncertainty, in the Hudson Brown development at Quay Park, was sold although the review of ground rent 2 years ago hasn’t been finalised.

CBD

Learning Quarter

Cintra, 3 Whitaker Place, unit 7F:
Features: 34m² studio, deck
Outgoings: rates $1867/year including gst; body corp levy $3084/year plus remedial levy of $46,440
Income assessment: $13,260/year
Outcome: no bid
Agent: Steve Kirk

Darlinghurst, 50 Eden Crescent, unit 9F:
Features: 43m², one bedroom, deck
Outgoings: rates $2391/year including gst; body corp levy $5194/year
Income assessment: in Quest hotel pool
Outcome: sold for $173,000
Agent: Habeeb Urrahman

The Statesman, 1 Parliament St, unit 306:
Features: 43m², one bedroom, deck parking space
Outgoings: rates $986/year including gst; body corp levy $3129/year
Income assessment: not given
Outcome: passed in at $285,000
Agent: Ryan Bridgman

Quay Park

Hudson Brown, 57 Mahuhu Crescent, unit 225:
Features: leasehold, 80m², furnished 2 bedrooms, parking space
Outgoings: rates $1205/year including gst; body corp levy $6568/year after discount; water on check meter; purchaser liable for outstanding ground rent payable from August 2011 and not yet finalised
Income assessment: $480/week fixed for 6 months from June
Outcome: sold for $200,000
Agent: Steve Kirk

Uptown

Volt, 430 Queen St, unit 612:
Features: 39m², 2 bedrooms, deck
Outgoings: rates $982/year including gst; body corp levy $3803/year
Income assessment: not given
Outcome: sold for $220,000
Agent: Iona Rodrigues

Victoria Quarter

Regatta Court, 92 Nelson St, unit 8B:
Features: 43m², one bedroom, deck, parking space
Outgoings: rates $1143/year including gst; body corp levy $4234/year
Income assessment: not given
Outcome: sold for $282,000
Agent: Georgia Featherstone

Isthmus west

Eden Terrace
 
Memphis, 9 Charlotte St, unit GE:
Features: 42m², one bedroom, deck, parking space
Outgoings: rates $942/year including gst; body corp levy $2784/year
Income assessment: leased to Housing NZ
Outcome: no bid
Agent: Georgia Featherstone

Morningside
 
Somerset, 26 Morningside Drive, unit 345:
Features: 65m², 2 bedrooms, 2 bathrooms, deck, 2 parking spaces
Outgoings: rates $1317/year including gst; body corp levy $4387/year after discount
Income assessment: $400-450/week unfurnished
Outcome: no bid
Agent: Maryanne Wong

Attribution: Auction.

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5 out of 15 apartments sell in Bayleys’ Big Call auction

4 apartments sold under the hammer or shortly after Bayleys’ Big Call auction yesterday and one sold prior, out of 15 apartments on offer.

CBD

Aotea Quarter

702 Federal St, unit 603:
Features: 61m², 2 bedrooms, open plan, balcony overlooking Aotea Square
Outcome: sold for $302,000
Agent: David Anderson

Learning Quarter

Crescent, 36 Eden Crescent, unit 204:
Features: 37m², 2 bedrooms
Outcome: sold prior for $171,000
Agent: Jay Dellar & Ben Morris

Eden Hall, 3 Eden Crescent, unit 5:
Features: 2 bedrooms, separate dining
Outcome: no bid
Agent: Diane Jackson

Grafton, 11 Whitaker Place, unit 2:
Features: 2 bedrooms, dedicated dining, separate living, lock-up garage & visitor parking
Outcome: passed in at $650,000
Agent: Diane Jackson

Queen St valley

Guardian, 105 Queen St, unit 503:
Features: one bedroom, high stud
Outcome: passed in at $150,000
Agent: Ben Morris

20 Wolfe St, unit 4A:
Features: 98m², 2 bedrooms
Outcome: no bid
Agent: Blair Haddow

Uptown

Bianco off Queen, 2 White St, unit 10A:
Features: 71m² including deck
Outcome: no bid
Agent: David Anderson & Mike Woods

Victoria Quarter

135 Victoria St West, unit 12N:

Features: 36m², fully furnished one bedroom plus study

Outcome: passed in at $150,000
Agent: Charlie Qiao & Harry Cheng

Waterfront

Princes Wharf, 145 Quay St, unit 70:
Features: 170m² penthouse including balcony, 3 bedrooms, 3 bathrooms
Outcome: passed in at $400,000
Agent: Duncan Ritchie & Hamish Duke

Princes Wharf, 147 Quay St, shed 22, unit 32:
Features: leasehold 70m², one bedroom, open-plan living, full-length deck
Outcome: sold for $67,500
Agent: Hamish Duke

Isthmus east

Newmarket

Broadway Park, Ascot, 8 Middleton Rd, unit 103:
Features: 2 bedrooms, 2 bathrooms, 2 balconies, secure parking space
Outcome: passed in at $705,000
Agent: Maria Webb

11 George St, unit GB:
Features: 3 bedrooms, 4 bathrooms, 2 living areas, 2 secure basement parking spaces, courtyard garden
Outcome: sold for $975,000
Agent: Cheryl Regan

Isthmus west

Eden Terrace

29 St Benedict’s St, unit 3:
Features: warehouse conversion, 2 double mezzanine bedrooms, high stud
Outcome: sold for $640,000
Agent: Diane Jackson

21 Virginia Terrace, unit 2A:
Features: 46m², one-bedroom corner apartment
Outcome: passed in at $240,000
Agent: David Anderson

Grey Lynn

19 Surrey Crescent, unit 204:
Features: 2 bedrooms, 2 bathrooms, 2 secure parking spaces, 2 storage lockers
Outcome: passed in at $560,000
Agent: Blair Haddow

Attribution: Auction, story written by Bob Dey for the Bob Dey Property Report.

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7 of 9 sell at City Sales auction

7 of the 9 apartments taken to auction at City Sales yesterday were sold under the hammer.

The auction of one other unit on the schedule was postponed because it had been taken out of the management pool, with gst implications.

The 2 units that were passed in contrasted sharply – one was a 51m² 2-bedroom apartment in the well regarded Statesman, opposite the back of the High Court, which attracted a top bid of $400,000. The other was a 9m² room in Mount Terraces, one of several rooms bought by investors last year, tidied up and brought back to the market. This one went for $50,000 last year and was passed in yesterday at $90,000.

Learning Quarter

Bankside, 8 Bankside St, unit 9C:
Features: 30m², one bedroom, deck
Outgoings: rates $841/year including gst; operational levy $3600/year
Outcome: sold for $176,500
Agent: Steve Kirk & Ryan Bridgman

Statesman, 1 Parliament St, unit 504:
Features: 51m², 2 bedrooms, deck, parking space
Outgoings: rates $1294/year including gst; operational levy $4283/year
Outcome: passed in at $400,000
Agent: Georgia Featherstone

Tetra House, 85 Wakefield St, unit 1113:
Features: 39m², one bedroom, 2 bathrooms, deck
Outgoings: rates $800/year including gst; operational levy $4562/year
Outcome: sold for $192,500
Agent: Lucy Piatov

Queen St valley

HarbourCity, 16 Gore St, unit 12L:
Features: 27m² studio
Outgoings:
rates $1749/year including gst; operational levy $1882/year
Outcome:
sold for $180,000
Agent:
Lucy Piatov

Uptown

Bianco off Queen, 8 White St, unit 4B8:
Features: size not given, 2 bedrooms, deck
Outgoings:
rates $3674/year including gst; operational levy $6656/year
Outcome:
auction postponed because the unit was taken out of the management lease with gst implications
Agent:
Georgia Featherstone

George Court, 238 Karangahape Rd, unit 3M:
Features: 154m², 2 bedrooms plus study alcove, 2 bathrooms, parking space
Outgoings:
rates $1824/year including gst; operational levy $7987/year
Outcome:
sold for $650,000
Agent:
Gabrielle Hoffmann

Mount Terraces, 33 Mount St, room 25:
Features: 9m² studio, shared bathroom, communal facilities
Outgoings:
rates $620/year including gst; operational levy $1394/year
Outcome:
passed in at $90,000
Agent:
Steve Kirk & Ryan Bridgman

Westmount, 23 Upper Queen St, unit GH:
Features: 90m², 2 bedrooms, 2 bathrooms, deck, parking space
Outgoings:
rates $1472/year including gst; operational levy $5931/year
Outcome:
sold for $282,500
Agent:
Georgia Featherstone

Victoria Quarter

Hampton Court, 182 Federal St, unit 4F:
Features: 40m², one bedroom
Outgoings:
rates $942/year including gst; operational levy $4896/year
Outcome:
sold for $236,000
Agent:
Iona Rodrigues

Zest, 72 Nelson St, unit 1235:
Features:
48m², 2 bedrooms, 2 bathrooms, deck, parking space
Outgoings:
rates $972/year including gst; operational levy $3938/year
Outcome:
sold for $273,000
Agent: May Ma & Mark Li

Attribution: Auction, story written by Bob Dey for the Bob Dey Property Report.

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Update: 2 sell at first Ray White apartment auction for year, third sold shortly after

Updated 8 February 2013 with that third sale
Published & corrected 31 January 2013: I managed to turn 2 sales under the hammer into 3 – wrong
A quiet start to the year for Ray White City Apartments’ auction programme, with a small turnout for the 4 cbd units offered today, but 2 of them sold under the hammer.

A third sale was signed within 2 hours of the auction on the Zest apartment, which I’d originally counted as sold under the hammer.

Auction results:

Learning Quarter

Madison House, 145 Symonds St, unit 602:
Features: 54m², one bedrooms,
Outgoings: rates $2019/year including gst; body corp levy $5224/year
Income assessment: current $410/week, assessment $450-475/week
Outcome: passed in at $205,000
Agents: James Mairs & Marcus Fava

Uptown

Volt, 430 Queen St, unit 1115:
Features: 38m² + deck, vacant, furnished 2 bedrooms,
Outgoings: rates $1011/year including gst; body corp levy $3423/year
Income assessment: $390-420/week
Outcome: sold for $231,000
Agents: Judi & Michelle Yurak

Victoria Quarter

Hobson Heights, 208 Hobson St:
Features: 39m², 2 bedrooms,
Outgoings: rates $876/year including gst; body corp levy $3849/year
Income assessment: $345/week, leased to Hobson Heights Management Ltd (Garry Danswan), 6 months’ notice required to withdraw
Outcome: sold for $190,000
Agents: Judi & Michelle Yurak

Zest, 72 Nelson St, unit 728:
Features: 48m² + deck, vacant, furnished 2 bedrooms, 2 bathrooms
Outgoings: rates $972/year including gst; body corp levy $3089 for 9 months to June
Income assessment: $380-420/week
Outcome: passed in at $215,000, sold within 2 hours of the auction for $232,500
Agents: Judi & Michelle Yurak
Attribution: Auction, story written by Bob Dey for the Bob Dey Property Report.

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2 Zest units sell

2 units in the Zest apartments on Nelson St were sold under the hammer at Ray White City Apartments yesterday, but one on Upper Queen St was passed in without a bid.
Uptown
Park Terrace, 20 Upper Queen St, unit 401:
Features: 70m², 2 bedrooms, parking space
Outgoings: rates $1130/year including gst; body corp levy $3232/year
Income assessment: $380/week current, potential $450-500/week
Outcome: no bid
Agents: Marcus Fava & James Mairs
Victoria Quarter
Zest, 72 Nelson St, unit 309:
Features: furnished 36m², 2 bedrooms
Outgoings: rates $835/year including gst; body corp levy $2690/year
Income assessment: $320/week fixed until 26 January
Outcome: sold for $178,500
Agents: Judi & Michelle Yurak
Zest, 72 Nelson St, unit 316:
Features: furnished 21m², one bedroom
Outgoings: rates $708/year including gst; body corp levy $1655/year
Income assessment: $245/week fixed until 30 April
Outcome: sold for $118,000
Agent: Judi & Michelle Yurak
Want to comment? Go to the forum.
Attribution: Auction, story written by Bob Dey for the Bob Dey Property Report.

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City western fringe apartment & townhouse sell at auction

A large one-bedroom unit on Beresford Square and a Summerfield Villas townhouse were both sold at Bayleys’ residential auction on Wednesday.
Isthmus west
Freemans Bay, 22 Beresford Square, unit 7F:
Features: 65m², one bedroom, deck, basement parking space
Outcome: sold for $270,000
Agent: Blair Haddow
Summerfield Villas, Grey Lynn, 59 Sackville St, unit 43:
Features: 129m² townhouse, 2 bedrooms, tandem parking, subject to a weathertightness claim
Outcome: sold for $272,000 at mortgagee auction
Agent: Luke McCaw
Want to comment? Go to the forum.
Attribution: Agency release, story written by Bob Dey for the Bob Dey Property Report.

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