Published 12 May 2011
3 units were sold under the hammer, 3 were passed in (and one of those sold post-auction) and one was sold before City Sales’ Wednesday apartments auction. Auction results:
Eden Apartments, 32 Eden Crescent, unit 8A, 34m² corner one bedroom, deck, rates & body corp levies $4023/year, rent $290/week, sold for $165,000 (Lucy Piatov)
St Pauls, 4 St Paul St, unit 13A, 34m² one bedroom, rates & body corp levies $5620/year; building has balcony & fire stair repairs to be done, with indemnity from purchaser to vendor; sold for $70,500 (Lucy Piatov)
Ascent, 149 Nelson St, unit 722, 55m² north-facing 2 bedrooms, parking space, rates & body corp levies $4994/year, sold post-auction for $215,000 (Grant Elliott)
Heritage Farmers, 35 Hobson St, unit 343, 48m² one bedroom plus 17m² deck, rates & body corp levies $6701/year, rent $440/week, passed in at $210,000 (Annie Xu & Maryanne Wong)
Zest, 72 Nelson St, unit 1201, 48m² 2 bedrooms, 2 bathrooms, 2 parking spaces, rates & body corp levies $4564/year, rent $320/week, passed in at $232,000 (Wendy Feng)
Sebel, 85 Customs St West, unit 301, leasehold, 47m² fully furnished one bedroom, rates & body corp levies $8408/year (levy paid by hotel includes $2178 ground rent), net return from hotel pool $9295/year excluding gst, sold for $110,000 (Georgia Featherstone)
Washington, Eden Terrace, 21 Virginia Avenue East, unit 3E, 2 bedrooms, parking space, sold prior for $330,000 (Lucy Piatov)
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Attribution: Auction, story written by Bob Dey for the Bob Dey Property Report.