Published 16 September 2011
Investors turned out in force for Ray White City Apartments’ auction yesterday, buying 6 units under the hammer out of 9 offered. Results:
Century on Anzac, 100 Anzac Avenue, unit 4A, 39m², one bedroom, rates & body corp levy $3777/year, rental assessment $350-380/week, sold for $190,000 (Judi Yurak & Matt Shirley)
Eden Apartments, 32 Eden Crescent, unit 13E, furnished 38m² sub-penthouse, one bedroom, parking space, rates & body corp levy $7344/year, rent $370/week until 16 October, sold for $245,100 (Tim Warmington & Jackson Bodle)
Grafton, 96 Symonds St, unit 705, 42m², 2 bedrooms, rates & body corp levy $4464/year, current rent $310/week (others on lower floors achieving $400/week), passed in at $165,000 (Tim Warmington & Jackson Bodle)
Longview, 6 Whitaker Place, unit 12D, 55m², one bedroom, storage locker, rates & body corp levy $4296/year, owner-occupied with suggested rent $350-380/week, passed in at $191,000 (Damian Piggin & Daniel Horrobin)
Queen St Valley
Harbour City, 16 Gore St, unit 33D, 38m², vacant one bedroom, rates & body corp levy $3664/year, rental assessment $340-380/week, passed in at $232,500 (Damian Piggin & Daniel Horrobin)
City Lights, 16 Liverpool St, unit 1H, 68m², 2 bedrooms, parking space, rates & body corp levy $5100/year, rental assessment $450-500/week, sold for $225,000 (Marcus Fava)
Volt, 430 Queen St, unit 1317, fully furnished 2-bedroom unit & parking space, deck, combined rates & body corp levy $5107/year, apartment rent $420/week, parking rent $7/week, sold for $245,000 (Marcus Fava & Krister Samuel)
Imperial Gardens, 135 Hobson St, unit 210, 30m², one bedroom, rates $1111/year, body corp levy not finalised, periodic rent $275/week, sold for $136,000 (Damian Piggin & Daniel Horrobin)
Isthmus west – St Marys Bay
21 Hargreaves St, unit 2G, 2 bedrooms, deck, 2 parking spaces, body corp levy $3679/year, periodic rent $450/week, sold for $305,000 (Harrison Lingard & Jeremy McKean)
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Attribution: Auction, story written by Bob Dey for the Bob Dey Property Report.