Tag Archives | City Sales

One out of 4 apartments sold, another now conditional

The first apartment auctioned at City Sales yesterday, in the Pulse in Grey Lynn, was sold under the hammer and the other 3 were passed in on light bidding. One of those has subsequently been sold conditionally.

Isthmus west

Eden Terrace

The Mews, 8 Basque Rd, unit 1:
Features: 111m², 3 bedrooms, 2 bathrooms, 34m² covered deck, parking space
Outgoings: rates $966/year including gst; body corp levy $6064/year including water & gas
Outcome: passed in at $715,000
Agents: Tanya Rotherham

Grey Lynn

The Pulse, 80 Richmond Rd, unit 2B:
Features: 45m², one bedroom, deck, parking space
Outgoings: rates $789/year including gst; body corp levy $3664/year
Outcome: sold for $550,000
Agents: Anna Birkenhead & Tina Bartlett

Kingsland

29 Rossmay Terrace, unit 15:
Features: 120m², 2 bedrooms + flexi-room, deck, parking space
Outgoings: rates $1843/year including gst; body corp levy $3263/year
Outcome: passed in at $625,000, sold conditionally post-auction
Agents: Habeeb Urrahman & Steve Kirk

North-west

New Lynn

10 Crown Lynn Place, unit 5B:
Features: 65m², 2 bedrooms, deck, parking space
Outgoings: rates $1191/year including gst; body corp levy $4980/year
Outcome: no bid
Agents: Habeeb Urrahman & Steve Kirk

Attribution: Auction.

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2 leasehold apartments sell at auction

The owner of 2 leasehold apartments in the Quay Park precinct one at Hudson Brown and the other at The Landings, sold both under the hammer at City Sales’ auction yesterday.

The third property up for auction, a New Lynn studio, was passed in.

CBD

Quay Park

Hudson Brown, 57 Mahuhu Crescent, unit 422:
Features: leasehold, 70m², 2 bedrooms, parking space
Outgoings: rates $1608/year including gst; body corp levy $10,004/year including ground rent
Income assessment: $580/week fixed until January
Outcome: sold for $220,000
Agents: Tony Kelly & Trisha Shanaghan

The Landings, 10 Ronayne St, unit 611:
Features: leasehold, 41m², 2 bedrooms
Outgoings: rates $873/year including gst; body corp levy $2799/year, ground rent $2297/year
Outcome: sold for $130,000
Agents: Tony Kelly & Trisha Shanaghan

North-west

New Lynn

10 Crown Lynn Place, unit 3E:
Features: 28m² studio, deck
Outgoings: rates $865/year including gst; body corp levy $2474/year
Outcome: no bid, back on the market at $230,000
Agent: Trisha Shanaghan

Attribution: Auction.

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One unit sells, 2 passed in well short of asking price

A vacant Quadrant apartment was sold under the hammer and 2 other city apartments were passed in at City Sales’ auction on Wednesday.

The pass-ins went back on the market at substantial premiums to the top bids. A 7th-floor Aura unit was passed in at 6939/m² internal, against $8673/m² sought subsequently. A CityZone unit was passed in at $7727/m² internal, against $9068 sought subsequently. Both had a deck, neither had parking.

CBD

Learning Quarter

The Quadrant, 10 Waterloo Quadrant, unit 1710:
Features: 42m², 2 bedrooms, 15m² deck
Outgoings: rates $1427/year including gst; body corp levy $5105/year
Outcome: sold for $485,000
Agents: Steve Kirk, Habeeb Urrahman & Chris Cairns

Uptown

CityZone, 11 Liverpool St, unit 2005 (20B):
Features: 44m², 2 bedrooms, deck
Outgoings: rates $1240/year including gst; body corp levy $3936/year
Outcome: passed in at $340,000, back on market at $399,000
Agent: Tony Kelly

Victoria Quarter

Aura, 53 Cook St, unit 702:
Features: 49m², 2 bedrooms, deck
Outgoings: rates $1227/year including gst; body corp levy $4738/year
Outcome: passed in at $340,000, back on market at $425,000
Agent: Tony Kelly

Attribution: Auction documents.

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2 apartments sell at City Sales auction

An apartment in The Peaks on Victoria St (pictured) was sold under the hammer at City Sales today, and one in the Harvard on Hobson St was sold shortly after the auction. An Eden Terrace unit was passed in.

CBD

Victoria Quarter

Harvard, 147 Hobson St, unit 3I:
Features: 37m², 2 bedrooms
Outgoings: rates $1101/year including gst; body corp levy $4003/year
Outcome: passed in at $342,500, sold shortly after auction for $345,000
Agents: Habeeb Urrahman & Steve Kirk

The Peaks, 117 Victoria St West, unit 5B:
Features: 145m², 3 bedrooms, 2 bathrooms, wraparound deck, storage locker, parking space
Outgoings: rates $2292/year including gst; body corp levy $7153/year
Outcome: sold for $1.14 million
Agent: Iona Rodrigues

Isthmus west

Eden Terrace

Virginia, 43 Virginia Avenue East, unit 203:
Features: 48m², 2 bedrooms, deck, parking space
Outgoings: rates $1232/year including gst; body corp levy $4458/year
Income assessment: $475-500/week
Outcome: passed in at $460,000
Agent: Trisha Shanaghan

Attribution: Auction.

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Heritage Grand & Citta units sell

A Heritage Grand Tower studio was sold under the hammer at City Sales’ auction yesterday, and a Citta studio (building pictured) with parking space was sold before the auction for $48,000 more than it went for in December.

A large unit in The Mews on Basque Rd, Eden Terrace,with remediation work almost complete, was passed in, and 2 leasehold units in Q Central, at the top of Queen St, were also passed in.

CBD

Uptown

Q Central, 26 Liverpool St, unit 2B:
Features: leasehold, 65m², 2 bedrooms, deck, tandem lockup garage
Outgoings: rates $1341/year including gst; body corp levy $3642/year, ground rent $6893/year
Outcome: passed in at $135,000
Agents: Maryanne Wong

Q Central, 34 Liverpool St, unit 6B:
Features: leasehold, 70m², 2 bedrooms, deck, storage locker, 2 parking spaces
Outgoings: rates $1341/year including gst; body corp levy $4907/year, ground rent $8808
Income assessment: $600-650/week
Outcome: passed in at $120,000
Agents: Kristine Snore

Victoria Quarter

Heritage Grand Tower, 22 Nelson St, unit 315:
Features: 37m² studio including deck
Outgoings: rates $1063/year including gst; body corp levy $3734/year
Outcome: sold for $268,000
Agents: Iona Rodrigues

Isthmus east

Grafton

Citta, 186 Symonds St, unit 302:
Features: 36m² studio, parking space
Outgoings: rates $1093/year including gst; body corp levy $3143/year
Outcome: sold in December for $320,000, sold prior for $368,000
Agents: Steve Kirk & Habeeb Urrahman

Isthmus west

Eden Terrace

The Mews, 8 Basque Rd, unit 7/4C:
Features: 122m² including deck, 2 bedrooms, 2 bathrooms, tandem parking; remediation project almost completed, final repair costs not yet known, code compliance certificate still to be issued
Outgoings: rates $1030/year including gst; body corp levy $5126/year
Outcome: passed in at $790,000
Agents: Trisha Shanaghan

Attribution: Auction.

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Sales start to flow post-auction

City Sales had an unsuccessful hour in the auctionroom on Wednesday as all 6 apartments were passed in, but by the end of the afternoon had 2 sold conditionally and offers had been made on 2 more.

The 2 conditional sales were at the Zest on Nelson St and The Point on the Viaduct Basin.

The Point unit was taken to market by the receiver & manager of owner Glenys Treweek’s affairs, Tom Rodewald of Tauranga, appointed on 30 March. The apartment has 3 mortgages over it, 2 registered last year and the third registered on Monday to the owner of another unit in the building.

Ms Treweek was crowned Miss New Zealand in 1970, and in recent years was involved in property investment & the thoroughbred industry. Her partner, longtime property investor & stud owner Michael Tololi, was bankrupt from 2010-13 after creditors turned down his debt-compromise offer of $300,000 to have been paid over time on $40.3 million of debt. Ms Treweek was a director of Karaka companies Karaka Group Ltd, Stony Bridge Thoroughbreds Ltd & Twin Pines Thoroughbreds Ltd.

CBD

Quay Park

Grand Central, 26 Te Taou Crescent, unit 109:
Features: leasehold, 34m², 2 bedrooms
Outgoings: rates $1101/year including gst; body corp levy $11,652/year including ground rent
Income assessment: $385/week current
Outcome: passed in at $49,000 (excluding gst)
Agents: Tom Faye

Uptown

Hereford Residences, 8-15 Hereford St, unit 11D:
Features: 84m², 2 bedrooms, 2 bathrooms, parking available from developer at $80,000/space
Income assessment: $750-800/week
Outcome: passed in at $825,000
Agents: Tom Faye & Anna Birkenhead

Victoria Quarter

Zest, 72 Nelson St, unit 228:
Features: 32m², 2 bedrooms, deck
Outgoings: rates $1037/year including gst; body corp levy $3197/year
Income assessment: $450-500/week
Outcome: passed in at $307,000, sold conditionally post-auction, price confidential
Agents: Steve Kirk & Habeeb Urrahman

Waterfront

The Point, 121 Customs St, unit 415:
Features: leasehold, 92m², 2 bedrooms, 2 bathrooms, 24m² deck, 2 parking spaces
Outgoings: rates $3584/year including gst; body corp opex levy $9606/year, ground rent $14,079/year
Income assessment: $1100/week
Outcome: passed in at $910,000, sold post-auction conditional on vendor consent, price confidential
Agents: Gabrielle Hoffmann & Nicola Hunt

Isthmus west

Eden Terrace

Memphis, 11 Charlotte St, unit GI:
Features: 47m², one bedroom, deck, storage locker, parking space
Outgoings: rates $1169/year including gst; body corp levy $3153/year
Income assessment: $450-500/week
Outcome: passed in at $450,000
Agents: Steve Kirk & Habeeb Urrahman

North-west

New Lynn

10 Crown Lynn Place, unit 3L:
Features: 28m² studio; unallocated parking is available on the property
Outgoings: rates $853/year including gst; body corp levy $2320/year
Income assessment: $280/week
Outcome: passed in at $90,000
Agents: Trish Shanaghan

Attribution: Auction.

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Nelson St studio passed in

The one apartment auctioned at City Sales today, a studio in the Heritage Grand Towers, was passed in.

CBD

Victoria Quarter

Heritage Grand Tower, 22 Nelson St, unit 1016:
Features: 31m² studio, in hotel lease until 31 March 2018
Outgoings: rates $2252/year including gst; body corp levy $4629/year
Outcome: bid at $205,000, vendor bid at $215,000, passed in
Agents: Lucy Piatov & Chris Bell

Attribution: Auction.

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2 units sell at City Sales

A unit in Forte and one of 2 leasehold apartments at Quay Park, at 8 on Quay (pictured), were sold under the hammer at City Sales’ auction yesterday. Auction of a fourth unit in Eden Terrace was postponed.

CBD

Learning Quarter

Forte, 37 Symonds St, unit 809:
Features: 46m², 2 bedrooms, deck
Outgoings: rates $1316/year including gst; body corp levy $4087/year
Outcome: sold for $420,000
Agents: Chris Bell & Lucy Piatov

Quay Park

Scene 2, 18 Beach Rd, unit 504:
Features: leasehold, 90m², 3 bedrooms, 2 bathrooms, deck, storage locker, parking space
Outgoings: rates $1671/year including gst; body corp levy $4509/year, ground rent $6215/year
Outcome: passed in at $210,000
Agents: Tania Toparea

8 on Quay, 8 Quay St, unit 14A:
Features: leasehold, 91m², 2 bedrooms, 2 bathrooms, deck, 2 parking spaces
Outgoings: rates $1623/year including gst; body corp levy $4260/year, ground rent $9994/year with review in August 2018
Income assessment: $580/week current
Outcome: sold for $122,000
Agents: Gabrielle Hoffmann & Nicola Hunt

Isthmus west

Eden Terrace

Charlotte Mews, 40 Charlotte St, unit 1B:
Features: 88m², 2 bedrooms, 2 decks, parking space
Outgoings: rates $1564/year including gst; body corp levy $2724/year
Income assessment: $500/week current
Outcome: auction postponed
Agents: Elena Tarasova

Attribution: Auction.

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Precinct & Hargreaves apartments sell

Both apartments auctioned at Ray White City Apartments today sold under the hammer – one near the top of the 34-storey Precinct tower on Lorne St (pictured) and the other overlooking Victoria Park from Hargreaves St.

CBD

Lorne St

Precinct, 6 Lorne St, unit 2804:
Features: 80m², 2 bedrooms, both with ensuite, 24m² of balconies, secure basement parking space
Outgoings: rates $2558/year including gst; body corp levy $8830/year
Income assessment: $900-950/week furnished
Outcome: sold for $1.3 million
Agents: Judi & Michelle Yurak

Isthmus west

St Marys Bay

Hargreaves, 21 Hargreaves St, unit 4F:
Features: 90m², 2 bedrooms, 2 bathrooms, covered balcony, 2 secure parking spaces, in the final stages of a comprehensive maintenance programme
Outgoings: rates $1802/year including gst; body corp levy $9179/year
Income assessment: $550/week current
Outcome: sold for $500,000
Agents: Ron Yang, Damian Piggin & Daniel Horrobin

Attribution: Auction.

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City Sales sells commercial unit & apartment at auction

Apartment specialist City Sales was in the unusual position of taking a commercial unit to auction yesterday, and sold it after strong bidding.

The unit is at Victoria Square, in the cbd fringe commercial district down towards Victoria Park.

Back on the agency’s conventional side, it sold a Harvard apartment on Hobson St but didn’t attract a bid on the other apartment on offer, in Grey Lynn.

Apartments

CBD

Victoria Quarter

Harvard, 147 Hobson St, unit 3C:
Features: 37m², 2 bedrooms
Outgoings: rates $1101/year including gst; body corp levy $3499/year after 10% discount
Income assessment: over $500/week
Outcome: sold for $353,000
Agents: Steve Kirk & Habeeb Urrahman

Isthmus west

Grey Lynn

15 Scanlan St, unit B1:
Features: 100m², 2 bedrooms, deck, double garage
Outgoings: rates $2096/year including gst; body corp levy $3243/year
Outcome: no bid, back on market at $789,000
Agents: Lucy Piatov & Chris Bell

Commercial

CBD

Victoria Quarter

Victoria Square, 196 Victoria St West, unit 1:
Features: 60m² commercial unit occupied by a nail bar, parking space
Outgoings paid by tenant: rates $3728/year including gst; body corp levy $1879/year
Income assessment: $29,250/year net + gst
Outcome: sold for $450,000 + gst
Agent: Tom Faye

Attribution: Agency.

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