Archive | Quay Park

3 apartments sell at City Sales auction

3 of the 6 apartments auction at City Sales yesterday were sold under the hammer – a leasehold unit in Hudson Brown, a large unit in the Mews in Eden Terrace and one of 2 units on offer in the Spencer on Byron, Takapuna. One Spencer on Byron unit with a parking space was passed in, one without parking was sold.

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Kitchener St

Metropolis, 1 Courthouse Lane, unit 1415:
Features: 35m², one bedroom
Outgoings: rates $1214/year including gst; body corp levy $4074/year
Outcome: passed in at $385,000
Agents: Tricia Carlson

Quay Park

Hudson Brown, 57 Mahuhu Crescent, unit 216:
Features: leasehold, 68m², 2 bedrooms, parking space
Outgoings: rates $1513/year including gst; body corp levy $9415/year including $5434 ground rent
Outcome: sold for $243,000
Agent: Tony Kelly

Isthmus west

Eden Terrace

The Mews, 8 Basque Rd, unit 17:
Features: 111m², 3 bedrooms, 2 bathrooms, deck, 2 parking spaces
Outgoings: rates $1986/year including gst; body corp levy $4858/year
Outcome: sold for $1.05 million
Agents: Tanya Rotherham

Grey Lynn

Mediterranee, 10 Crummer Rd, unit 1D:
Features: 46m², 2 bedrooms, patio, parking space
Outgoings: rates $1311/year including gst; body corp levy $3176/year
Income assessment: $520/week current
Outcome: passed in at $460,000
Agents: Nicola Hunt & Gabrielle Hoffmann

North-east

Takapuna

Spencer on Byron, 9-17 Byron Avenue, unit 1709:
Features: 29m² studio, deck, parking space
Outgoings: rates $1048/year including gst; body corp levy $2286/year + gst
Outcome: passed in at $240,000 + gst
Agents: Gabrielle Hoffmann & Nicola Hunt

Spencer on Byron, 9-17 Byron Avenue, unit 1802:
Features: 29m² studio, deck
Outgoings: rates $1009/year including gst; body corp levy $2115/year + gst
Outcome: sold for $220,000 + gst
Agents: Gabrielle Hoffmann & Nicola Hunt

Attribution: Auction.

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One sale out of 7 apartments auctioned, another sold post-auction

Published 1 December 2017, updated 4 December 2017:
One apartment sold, 6 were passed in (only one without a bid) and one was withdrawn from Ray White City Apartments’ auction on Thursday. 3 of the unsold properties had remediation issues.

Post-auction, a second apartment in the Soho Lofts between Queen & High Sts has been sold substantially above the pass-in figure. The building doesn’t yet have a code compliance certificate, although most remedial works have been completed.

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High St

Updated: Soho Lofts, 55 High St, unit 4A:
Features: 59m², one bedroom
Outgoings: rates $1279/year including gst; body corp levy $2985/year, remediation still underway
Income assessment: $400/week until July 2018, appraisal $480-500/week
Outcome: passed in at $405,000, sold post-auction for $480,000
Agents: Josh Muriwai & Liz McCarthy

Learning Quarter

Wakefield Apartments, 18 Wakefield St, unit 2C:
Features: 2 bedrooms, 2 bathrooms, parking space
Outcome: auction cancelled
Agents: May Ma & Mark Li

Quay Park

The Docks, 2 Dockside Lane, unit 306:
Features: terminating leasehold, 150 years from 1996, ground rent reviewed every 7 years, next review November 2018; 60m², 2 bedrooms, 2 bathrooms, parking space; defects discovered, remediation plan underway
Outgoings: rates $1617/year including gst; body corp levy $9009/year including $3513/year ground rent
Income assessment: $650/week current
Outcome: passed in at $210,000
Agents: Dominic Worthington & Ady Huang

Hudson Brown, 57 Mahuhu Crescent, unit 401:
Features: leasehold, next ground rent review November 2018; 38m², one bedroom, deck, secure covered parking space
Outgoings: rates $1448/year including gst; body corp levy $7009/year including ground rent
Income assessment: $460/week current
Outcome: passed in at $110,000
Agent: Dominic Worthington

Victoria Quarter

Altitude, 34 Kingston St, unit 1B:
Features: 40m², 2 bedrooms
Outgoings: rates $1071/year including gst; body corp levy $3447/year
Income assessment: $460-480/week furnished
Outcome: passed in at $310,000
Agents: Adam Gurr

Zest, 72 Nelson St, unit 209:
Features: 36m², furnished 2 bedrooms
Outgoings: rates $1149/year including gst; body corp levy $3070/year
Income assessment: $400/week current, rising to $420/week on 13 December
Outcome: passed in at $305,000
Agents: Michelle & Judi Yurak

Zest, 72 Nelson St, unit 312:
Features: 40m², 2 bedrooms, balcony
Outgoings: rates $1162/year including gst; body corp levy $3306/year
Income assessment: $480-520/week furnished
Outcome: sold for $365,000
Agents: Michelle & Judi Yurak

Beaumont, 220 Victoria St West, unit 2B:
Features: 90m², one bedroom, parking space; auctioneer Ted Ingram said a remediation claim was made in 2008 but no proceedings were ever filed; however another owner said the claim was ongoing; with no bid, Mr Ingra commented: “You’ve probably achieved the result you’re after”
Outgoings: rates $1687/year including gst; body corp levy $6539/year
Income assessment: $650-700/week furnished
Outcome: no bid
Agents: Damian Piggin & Daniel Horrobin

Attribution: Auction.

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Waterfront & Symonds St apartments sell

2 central city apartments were sold under the hammer – in the waterfront Quay Regency and on Symonds St – and 2 were passed in at Bayleys’ auction yesterday.

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Learning Quarter

96 Symonds St, unit 1401:
Features: 2 bedrooms
Outgoings: rates $1331/year including gst; body corp levy $4849/year
Income assessment: under management, lease renewed to December 2025, rent $22,360/year
Outcome: sold for $250,000
Agent: Marcus Fava

Quay Park

Scene 1, 2 Beach Rd, unit 1510:
Features: leasehold, 2-level penthouse, 3 bedrooms, 2 bathrooms, 2 balconies, 3 parking spaces, remedial work pending
Outcome: sold in July for $359,000, no bid today
Agents: Marcus Fava & Paul Sissons

Victoria Quarter

Heritage Farmers, 35 Hobson St, unit 707:
Features: 31m² studio
Outgoings: body corp levy $5683/year
Income assessment: in hotel pool until March 2018, guaranteed monthly returns
Outcome: passed in at sole bid of $200,000
Agents: Carl Russell & Hamish Duke

Waterfront

Quay Regency, 148 Quay St, unit 3E:
Features: 93m², 2 bedrooms
Outgoings: rates $2097/year including gst; body corp levy $5220/year
Outcome: sold for $640,000
Agents: Harry Cheng & Cheryl Regan

Attribution: Auction.

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Albany townhouse sells

An Albany townhouse was sold at Bayleys’ city residential auction yesterday, and a Vinegar Lane apartment & a Mt Albert unit were passed in.

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Quay Park

Scene 1, 2 Beach Rd, unit 1510:
Features: leasehold, 2-level penthouse, 3 bedrooms, 2 bathrooms, 2 balconies, 3 parking spaces, remedial work pending
Outcome: sold for $359,000 in July, new auction deferred until Wednesday 1 November
Agents: Marcus Fava & Paul Sissons

Isthmus west

Grey Lynn

11 Vinegar Lane, 501 Aria Apartments:
Features: 2 bedrooms, 2 bathrooms, top floor, vaulted ceilings, tandem basement parking
Outgoings: body corp levy $5179/year
Outcome: no bid
Agent: Blair Haddow

Mt Albert

35 St Lukes Rd, unit 4:
Features: 2-bedroom end unit, conservatory, carport
Outgoings: body corp levy $2465/year
Outcome: passed in at $565,000
Agents: Clive Lay, Rachel Fei & Kalala Bowden

North-east

Albany

41D The Avenue:
Features: 3-bedroom Tuscan-style townhouse, 2 bathrooms, garage
Outcome: sold for $731,000
Agent: Shona Jurlina

Attribution: Auction.

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Docks unit with parking sells

A leasehold Docks apartment (pictured) plus 4 parking spaces sold at Ray White City Apartments’ auction today, while an Eden Terrace unit attracted no bid.

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Quay Park

The Docks, 4 Dockside Lane, unit 138:
Features: terminating leasehold (in 2161) – next review November 2018, 45m², one bedroom, 4 parking spaces (2 tandems); discovery underway for remediation works, now estimated at $8.5 million
Outgoings: rates $1604/year including gst; body corp levy $9687/year including $3722 ground rent
Income assessment: current $490/week for unit + one tandem space, rented long-term
Outcome: sold for $150,000
Agents: Dominic Worthington & Ady Huang

Isthmus west

Eden Terrace

Newton Rise, 121 Newton Rd, unit 4A:
Features: 93m², 2 bedrooms, parking space
Outcome: no bid
Agents: Susan Woods-Markwick & Clarissa Searle

Attribution: Auction.

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2 apartments sell at Ray White auction

2 apartments in the Cintra & Altitude buildings were sold and 2 passed in at Ray White City Apartments’ auction today.

CBD

Learning Quarter

The Whitaker, 2 Whitaker Place, unit 8H:
Features: 29m² studio
Outgoings: rates $1071/year including gst; body corp levy $3817/year
Income assessment: $350/week, fixed until February; appraisal $380-400/week furnished
Outcome: passed in at $200,000
Agents: Damian Piggin & Daniel Horrobin

Crown on Cintra, 3 Whitaker Place, unit 11E:
Features: 30m² fully furnished studio, under hotel management; remediation project pending
Outgoings: rates $929/year including gst; body corp levy $3409/year
Income assessment: $350/week current
Outcome: sold for $198,000
Agents: James Mairs & Lucia Gao

Quay Park

Waldorf Scene 2, 18 Beach Rd, unit 709:
Features: leasehold, 58m², one bedroom, balcony, secure parking space
Outgoings: rates $1461/year including gst; body corp levy $4086/year, ground rent $5564/year
Income assessment: vacant; appraisal $600/week
Outcome: passed in at $125,000
Agents: James Mairs

Victoria Quarter

Altitude, 34 Kingston St, unit 3C:
Features: 40m², 2 bedrooms, balcony
Outgoings: rates $1084/year including gst; body corp levy $3633/year
Income assessment: $460/week, fixed until February; appraisal $460-480/week furnished
Outcome: sold for $337,000
Agents: Damian Piggin & Daniel Horrobin

Attribution: Auction.

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Interest withers at apartments auction

A Connaught apartment was sold at Ray White City Apartments’ auction yesterday, interest in another fell well short of vendor aspirations and there was just one bid for the final 3 properties on offer.

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Learning Quarter

The Connaught, 14 Waterloo Quadrant, unit 7D:
Features: 48m², one bedroom, 13m² balcony
Outgoings: rates $1832/year including gst; body corp levy $4252/year
Income assessment: $530-580/week furnished
Outcome: sold for $547,000
Agents: Judi & Michelle Yurak

The Whitaker, 2 Whitaker Place, unit 5B:
Features: 33m² studio; according to the pre-contract disclosure statement, the building’s goods lift is out of order and the body corporate is assessing roof remediation
Outgoings: rates $1088/year including gst; body corp levy $4271/year
Income assessment: $320/week current, appraisal $380-400/week furnished
Outcome: passed in at $202,000
Agents: Adam Gurr

Lorne St

Lorne St Lofts, 4 Lorne St, unit D:
Features: 40m² studio
Outgoings: rates $1367/year including gst; body corp levy $7372/year
Income assessment: $430-460/week furnished
Outcome: no bid
Agents: Judi & Michelle Yurak

Quay Park

Scene 3, 30 Beach Rd, unit 714:
Features: leasehold, 62m², one bedroom, balcony, covered parking space
Outgoings: rates $1331/year including gst; body corp levy $2977/year, ground rent $6188/year, next review in 2018
Income assessment: $550/week current
Outcome: passed in at $100,000
Agents: Ann Bennett

Uptown

Bianco off Queen, 2 White St, unit 11G:
Features: 81m², 2 bedrooms, balconies facing east & west, secure parking space; the vendor has given no warranty on weathertightness or structural integrity and wants to sell without liability
Outgoings: rates $1608/year including gst; body corp levy $7124/year plus an additional $3800 levy
Income assessment: unit $680-700/week, parking $70-80/week
Outcome: no bid
Agents: May Ma & Mark Li

Attribution: Auction.

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Scene 1 penthouse sells

A leasehold penthouse apartment in the Scene 1 building at Quay Park, with remedial works pending, was sold under the hammer at Bayleys’ auction today.

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Quay Park

Scene 1, 2 Beach Rd, unit 1510:
Features: leasehold, 2-level penthouse, 3 bedrooms, 2 bathrooms, 2 balconies, 3 parking spaces, remedial work pending
Outcome: sold for $359,000
Agents: Paul Sissons & Marcus Fava

Attribution: Auction documents.

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2 leasehold units plus one in Metropolis sell at auction

2 leasehold apartments – one in the Docks and the other in the Sebel Auckland Viaduct Harbour – plus a unit in the Metropolis were sold at Ray White City Apartments’ auction yesterday, leaving 4 other units unsold.

2 units in the Spencer on Byron hotel in Takapuna were passed in, and a third was withdrawn before the auction started.

CBD

Albert St

Quay West, 8 Albert St, unit 2302:
Features: 74m², one bedroom
Outgoings: rates $1785/year including gst; body corp levy $8433/year
Income assessment: $650-700/week furnished
Outcome: passed in at $565,000
Agent: Ron Yang

Kitchener St

Metropolis, 1 Courthouse Lane, unit 1902:
Features: 52m², corner one bedroom, storage locker, parking space
Outgoings: rates $1595/year including gst; body corp levy $7037/year
Income assessment: $620/week current
Outcome: sold for $616,000
Agent: Dominic Worthington

Quay Park

The Docks, 4 Dockside Lane, unit 224:
Features: leasehold, 30m², one bedroom, remediation of building underway
Outgoings: rates $1037/year including gst; body corp levy $4359/year including ground rent of $1675/year; terminating leasehold from 2011 for 150 years, ground rent reviewed every 7 years, next review November 2018
Income assessment: $390/week current
Outcome: sold for $121,000
Agent: Dominic Worthington

Uptown

Oxford, 13-17 Mount St, unit 5K:
Features: 54m², 2 bedrooms, parking space
Outgoings: rates $1278/year including gst for unit, $1262/year for parking; body corp levy for unit $3624/year, parking $626/year
Income assessment: $650-700/week furnished
Outcome: passed in after the sole bid, from the vendor, at $600,000
Agents: May Ma & Mark Li

Waterfront

Sebel, 85 Customs St West, unit (door) 615:
Features: leasehold, 57m², one bedroom, study area, 7m² balcony
Outgoings: rates $/year including gst; body corp levy $18,038/year, including $7840/year ground rent
Outcome: sold for $300,000
Agents: Judi & Michelle Yurak

North-east

Takapuna

Spencer on Byron, 9-17 Byron Avenue, unit 501:
Features: 59m², fully furnished one bedroom
Outgoings: rates $2190/year including gst; body corp levy $2982/year excluding gst
Income assessment: in hotel management pool
Outcome: passed in at $175,000 + gst
Agents: James Mairs & Gillian Gibson

Spencer on Byron, 9-17 Byron Avenue, unit 612:
Features: 48m², fully furnished one bedroom, parking space
Outgoings: rates $1195/year including gst; body corp levy $3140/year
Income assessment: $550/week, fixed until 30 September
Outcome: passed in at $275,000 + gst
Agents: James Mairs & Gillian Gibson

Spencer on Byron, 9-17 Byron Avenue, unit 712:
Features: 2 bedrooms
Outcome: withdrawn from auction
Agents: James Mairs & Gillian Gibson

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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