Archive | CBD & fringe

Hooker apartments agency sells 2 at first auction

LJ Hooker’s central Auckland apartments agency, opened last month by former Ray White City Apartments agent Donald Gibbs, held its first auction yesterday.

2 of the 6 apartments were sold under the hammer.

CBD

Kitchener St

Metropolis, 1 Courthouse Lane, unit 1906:
Features: one bedroom, parking space
Outgoings: rates $1392/year including gst; body corp levy $5944/year
Outcome: sold for $500,000

Victoria Quarter

Marina Park, 146 Fanshawe St, unit 32:
Features: one bedroom, parking space
Outgoings: rates $1287/year including gst; body corp levy $8237/year
Outcome: passed in at $470,000

Isthmus east

Parnell

Stonemason’s, 27 Falcon St, unit 3E:
Features: one bedroom, parking space
Outgoings: rates $1704/year including gst; body corp levy $3038/year, long-term maintenance $491/year
Outcome: sold for $503,000

Isthmus west

Eden Terrace

Fleetwood, 19 Fleet St, unit E5:
Features: 2 bedrooms, parking space
Outgoings: rates $1524/year including gst; body corp levy $3550/year
Outcome: passed in at $710,000

Montpellier Square, 30 Randolph St, unit 2H:
Features: one bedroom, 2 parking spaces
Outgoings: rates $1220/year including gst; body corp levy $2993/year
Outcome: passed in at $490,000

Mt Eden

39 Mt Eden St, unit 8:
Features: 2 bedrooms, parking space
Outgoings: rates $1906/year including gst; body corp levy $4810/year
Outcome: passed in at $650,000

Attribution: Auction.

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4 apartments sell at Ray White auction

3 cbd apartments sold under the hammer at Ray White City Apartments’ auction yesterday, and another was sold shortly after.

CBD

Learning Quarter
Forte, 37 Symonds St, unit 408:
Features: 49m² including 8m² deck, 2 bedrooms
Outgoings: rates $1108/year including gst
Income assessment: subject to Charta Management leasing agreement
Outcome: sold for $239,500
Agent: Dominic Worthington

Statesman, 1 Parliament St, unit 613:
Features: 29m² studio, storage locker
Outgoings: rates $914/year including gst; body corp levy $2187/year
Outcome: sold for $218,000
Agent: Tristen Won

Tetra House, 85 Wakefield St, unit 904:
Features: 40m², 2 bedrooms
Outgoings: rates $899/year including gst; body corp levy $4295/year
Income assessment: $450-470/week
Outcome: passed in at $215,000
Agents: James Mairs & Marcus Fava

Queen St valley

Whitcoulls, 6 Victoria St East, unit 4E:
Features: 50m², furnished one bedroom
Outgoings: rates $995/year including gst; body corp levy $3376/year
Income assessment: $370-400/week
Outcome: sold shortly after auction for $225,000
Agents: Judi & Michelle Yurak

Victoria Quarte

Zest, 72 Nelson St, unit 1333:
Features: 37m² + deck, furnished 2 bedrooms, parking space
Outgoings: rates $905/year including gst; body corp levy $3752/year
Income assessment: $380/week
Outcome: sold for $237,000
Agents: Judi & Michelle Yurak

Isthmus west

Eden Terrace

Memphis, 4 Rendell Place, unit 2B:
Features: 65m², 2 bedrooms, 2 parking spaces
Outgoings: rates $1294/year including gst; body corp levy $3906/year
Income assessment: $1778/month
Outcome: no bid
Agent: Keisha Gutierrez

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

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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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Auction ends with contrast of serviced studio versus leasehold & remedial uncertainty

Published 21 March 2012

City Sales ended its apartments auction today with 2 very contrasting offerings – a 3-way bidding war on a studio in the Quest Auckland serviced apartment building on Queen St, followed by no bids on a Quay Park leasehold unit with a declared reserve, remedial issues and the ground rent still not determined.

The bidding war – 3 agents on the phone to buyers raising their offers in short steps – resulted in a sale at $4000/m². The declared reserve sometimes works at drawing bidders in, but didn’t on this occasion, with uncertainty still on 2 important factors. Auction results:

Isthmus east

Parnell, Aero, 27 Cheshire St, unit 11, 35m², one bedroom, deck, rates $1129/year including gst, operational levy not stated, rental assessment $320/week, parking space, no bids (Ryan Bridgman)

Learning Quarter

Cintra, 3 Whitaker Place, unit 7E, 35m², fully furnished studio, deck, rates & operational levy $4446/year, secure parking space, sold for $180,000 (Manju Raj)

Princeton, 30 Symonds St, unit 12B, 27m², 2 bedrooms, returning $8000/year net, rates & operational levy $5086/year, in management lease, sold for $136,000 (Andrew Bond & Lisa Zhang)

Quay Park

Landings, 8 Ronayne St, unit 103, leasehold, 60m², vacant furnished 2 bedrooms, patio, parking space, storage, rates & operational levy $4750/year, ground rent $4116 year to this month (lease still under negotiation), remedial work, declared reserve of $90,000, no bids (Lucy Piatov)

Uptown

Amora, 100 Greys Avenue, unit 907, 47m², one bedroom, deck, parking space, rates & operational levy $6789/year plus $695 sinking fund contribution, passed in at $265,000 (David Hamlyn)

Quest Auckland, 363 Queen St, unit 704, 32m², furnished parkside studio, deck, rates & operational levy $3967/year, sold for $127,000 (May Ma & Mark Li)

Victoria Quarter

H47, 47 Hobson St, unit 303, 46m², fully furnished one bedroom, deck, parking space, large storage, rates & operational levy $4351/year, sold for $275,000 (May Ma & Mark Li)

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

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7 units sell in City Sales auction

Published 21 October 2011

City Sales took 13 city-centre apartments and another in Takapuna to auction on Wednesday and sold 7 of them under the hammer. Auction results:

Learning Quarter

Cambridge, 43 Anzac Ave, unit 512, 17m², fully furnished studio, rates & body corp levy $4131/year, rent $210/week fixed to July 2012, passed in at $80,000 (Juan Xin)

Eden Apartments, 32 Eden Crescent, unit 2F, 24m², fully furnished studio, deck, rates $1066/year, current rent $260/week, sold for $125,000 (Ryan Bridgman)

Eden Apartments, 32 Eden Crescent, unit 5G, vacant 35m², fully furnished one bedroom, deck, rates & body corp levy $3281/year, sold for $176,000 (Hilary Seagrave & Lucy Piatov)

Quest on Mount, 13-15 Mount St, unit 3D, vacant 41m², partially furnished one bedroom, deck, rates & body corp levy $4468/year, sold for $133,500 (Gabrielle Hoffman)

Quest on Mount, 13-15 Mount St, unit 3E, rates & body corp levy $4823/year, tenanted by Country Club Apartments Ltd, rent $26,000/year, passed in at $200,000 (Grant Elliott)

Quest on Mount, 13-15 Mount St, unit 4B, vacant 54m², fully furnished 2 bedrooms, deck (plus associated parking spaces at units 1H & 1J), rates & body corp levy $5069/year (unit 4B), $704/year (parking space 1H), $745/year (parking space 1J), sold for $306,500 (Gabrielle Hoffman)

Quay Park

Grand Central, 26 Te Taou Crescent, unit 258, leasehold, 51m², fully furnished 2 bedrooms, rates $1057/year, operational levy $11,400/year, current rent $350/week, sold for $37,000 (declared reserve was $30,000) (Mark Jones & Andrew Bond)

Uptown

Eclipse, 152 Vincent St, unit 14L, vacant 62m², fully furnished 2 bedrooms, deck, rates & body corp levy $5535/year, sold for $311,000 (Keisha Gutierrez)

Victoria Quarter

Ascent, 149 Nelson St, unit 317, 56m², part-furnished 2 bedrooms, deck, rates & body corp levy $4768/year, rent $300/week fixed to February, passed in at $160,000 (Grant Elliott)

Ascent, 149 Nelson St, unit 524, vacant 51m², part-furnished 2 bedrooms, deck, parking space, rates & body corp levy $5407/year, passed in at $195,000 (Grant Elliott)

Regatta Court, 92 Nelson St, unit 4B, vacant 42m², fully furnished one bedroom, deck, parking space, rates & body corp levy $6393/year, passed in with vendor bid at $220,000 (Grant Elliott)

Zest, 72 Nelson St, unit 1125, vacant 36m², fully furnished 2 bedrooms, deck, parking space, rates & body corp levy $4237/year, rental assessment $380-$400/week, passed in at $187,000 (Wendy Feng)

Waterfront

Princes Wharf, 139 Quay St, unit 50A, leasehold, vacant 75m², part-furnished one bedroom, rates $1480/year, operational expense $10,647/year to March 2012, ground rent $9142/year on 97-year lease, passed in with vendor bid at $100,000 (Grant Elliott)

North-east – Takapuna

Spencer on Byron, 9-17 Byron Avenue, unit 1504, vacant 48m², fully furnished one bedroom, deck, rates & body corp levy $4590/year, sold for $180,000 (Gabrielle Hoffman) 

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

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3 apartments passed in at Barfoots

Published 21 October 2011

In a mixed market for apartments this week, 3 city-centre units were passed in at Barfoot & Thompson’s auction. Auction results:

 

Learning Quarter

Empire, 23 Whitaker Place, unit 513, 3 bedrooms, passed in at $110,000 (Alan Vessey)

Seaview, 4-8 Short St, unit 8A, 3 bedrooms, deck, parking space, body corp levy $6083/year + gst, passed in with no bids (Livia Li)

Queen St valley

iStay, 16 Gore St, unit 37A, one bedroom, body corp levy $2425/year, passed in at $160,000 (Jason Buckwell)

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

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6 out of 7 sell at Ray Whites

Published 21 October 2011

Freeholding has made a big difference to the market for townhouses & apartments at the city-fringe Beaumont Quarter, where units couldn’t be given away 2 years ago. Auction results:

Beaumont Quarter

St Marys Bay, 79 Fisher Point Drive, freehold 85m², part-furnished 2-bedroom townhouse, parking space, rates $1075/year, body corp levy $635.45/quarter, periodic rent $450/week, sold for $470,000 (James Graydon & David Parker)

 

Learning Quarter

Brooklyn, 66 Emily Place, unit 63, 77m², vacant part-furnished one bedroom, parking space (additional $220/month), rates & body corp levy $5470/year, sold for $460,000 (Gillian Gibson)

Oxford, 13-15 Mount St, unit 10G, 38m², vacant part-furnished one bedroom, rates & body corp levy $4082/year, prior rent $305/week, sold for $130,200 (Judi Yurak & Matt Shirley)

Tetra House, 85 Wakefield St, unit 1211, 39m², fully furnished one bedroom, 2 bathrooms, rates & body corp levy $6608/year, current rent $310/week, sold for $175,000 (Thomas Sahs)

 

17 Whitaker Place, unit D, 71m², part-furnished 2 bedrooms, deck, parking space, rates & body corp levy $4764/year, current rent $450/week, sold for $335,000 (Krister Samuel)

Uptown

Volt, 430 Queen St, unit 211, 37m², part-furnished 2 bedrooms, deck, rates & body corp levy $4183/year, current rent $370/week, sold for $173,000 (Judi Yurak & Matt Shirley)

Waterfront

The Sebel, 85 Customs St West, unit 110, leasehold, 57m², fully furnished one bedroom, rates $1460/year, body corp levy $10,195/year, periodic rent $450/week, passed in at $151,000 (Judi Yurak & Matt Shirley) 

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

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8 Quadrant units taken to market, 5 sell

Published 13 October 2011

5 units in the Quadrant Hotel were sold under the hammer at Ray White City Apartments’ auction today, and another 3 passed in.

Also in the Learning Quarter – an expanse of the eastern side of the cbd stretching from Wakefield St down Symonds St to the foot of Anzac Avenue – 2 Unilodge units and one in Tetra House were also sold under the hammer.

One unit outside the cbd was also taken to auction today, at Quattro on Great North Rd. It sold post-auction. Auction results:

Learning Quarter

 

Tetra House, 85 Wakefield St, unit 210, 39m², fully furnished one bedroom, 2 bathrooms, rates & body corp levy $4709/year, rent $300/week fixed to December, sold for $160,000 (Damian Piggin & Daniel Horrobin)

 

The Quadrant, 10 Waterloo Quadrant, unit 711, 22m², fully furnished studio, rates & body corp levy $4291/year, sold for $126,000 (Damian Piggin & Daniel Horrobin)

 

The Quadrant, 10 Waterloo Quadrant, unit 724, 22m², fully furnished studio, rates & body corp levy $4291/year, sold for $123,000 (Damian Piggin & Daniel Horrobin)

 

The Quadrant, 10 Waterloo Quadrant, unit 806, 22m², fully furnished studio, rates & body corp levy $3364/year, sold for $124,000 (Damian Piggin & Daniel Horrobin)

 

The Quadrant, 10 Waterloo Quadrant, unit 1402, 32m², fully furnished one bedroom, rates & body corp levy $5660/year, sold for $160,000 (Damian Piggin & Daniel Horrobin)

 

The Quadrant, 10 Waterloo Quadrant, unit 1507, 32m², fully furnished one bedroom, rates & body corp levy $5710/year, sold for $165,000 (Damian Piggin & Daniel Horrobin)

 

The Quadrant, 10 Waterloo Quadrant, unit 1509, 32m², fully furnished one bedroom, rates & body corp levy $5710/year, passed in at $162,500 (Damian Piggin & Daniel Horrobin)

 

The Quadrant, 10 Waterloo Quadrant, unit 1403, 32m², fully furnished one bedroom, rates & body corp levy $5885/year, passed in with vendor bid at $180,000 (Damian Piggin & Daniel Horrobin)

 

The Quadrant, 10 Waterloo Quadrant, unit 1503, 32m², fully furnished one bedroom, rates & body corp levy $5949/year, passed in with vendor bid at $180,000 (Damian Piggin & Daniel Horrobin)

 

Unilodge, 138 Anzac Ave, unit 303, leasehold, 56m², fully furnished one bedroom, rates $1216/year, body corp levy $5086/year, current rent $327/week, sold for $58,000 (Damian Piggin & Daniel Horrobin)

 

Unilodge, 138 Anzac Ave, unit 603, leasehold, 56m², fully furnished one bedroom, rates $1211/year, body corp levy $5086/year, current rent $338/week, sold for $62,500 (Damian Piggin & Daniel Horrobin)

 

Isthmus west

Quattro, 444 Great North Rd, unit 1J, 64m² (including decks), partially furnished one bedroom, 2 decks parking space, rates & body corp levy $4183/year, rent $355/week fixed to January, sold post-auction for $265,000 (Bain Duigan)

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

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Top-floor Docks unit sells at mortgagee auction

Published 11 October 2011

Leasehold has been a major detractor for bidders at Auckland apartment auctions for some time, but didn’t stop 4 people from bidding on a Docks unit at a Harcourts mortgagee auction today.

New ground leases are still being negotiated for The Docks, along with the rest of the Quay Park precinct, which is on Ngati Whatua o Orakei land. Auction result:

 

Quay Park

The Docks, 2-8 Dockside Lane, unit 704, leasehold, vacant 59m², 2 bedrooms, top floor on north-west-facing corner, parking space, rates & body corp levy $9333/year (including ground rent, and mortgagee to pay outstanding body corp fees on settlement), sold for $190,000 (George Erdos).

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

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