City Sales snuffed out thoughts of a softening market on Wednesday as it had its third 100% successful apartments auction. A unit in the Forte on Symonds St sold to the sole bidder and a loft in the Memphis in Eden Terrace, overlooking Basque Park, was sold after determined bidding from 4 buyers.
The volume at City Sales is usually lower than at the competing apartment auction rooms in Auckland. But, after selling only 4 of 8 under the hammer in early August (and the rest subsequently), the agency sold the sole property on offer at auction a fortnight later, and all 5 under the hammer a fortnight ago.
Forte, 37 Symonds St, unit 808:
Features: 27m², one bedroom, deck
Outgoings: rates $1025/year including gst; body corp levy $2557/year
Income assessment: $370/week fixed until July 2017
Outcome: sold for $268,800
Agents: Maryanne Wong
Memphis, 11 Charlotte St, unit 1D:
Features: 62m² split-level parkside loft, 2 bedrooms, 2 bathrooms, deck, 2 parking spaces
Outgoings: rates $1410/year including gst; body corp levy $4486/year
Outcome: sold for $638,000
Agents: Gabrielle Hoffmann & Nicola Hunt
Attribution: Auction documents.