Archive | Queen St

City loft & Onehunga section sell

A city loft and an Onehunga property zoned for intensification sold at Bayleys’ residential auctions last week.

CBD

Queen St

QVB Building, 6 Victoria St East, unit 6B:
Features: 2-level loft, mezzanine bedroom
Outcome: sold for $511,000
Agents: Julie Quinton & Wendy Nichols

Uptown

Highgate Towers, 8 Howe St, unit 3A:
Features: 2 bedrooms, 2 bathrooms, 2 balconies, 2 parking spaces
Outcome: passed in
Agents: Julie Quinton, Trent Quinton & Ellis Prince

Isthmus east

Onehunga

53 Spring St:
Features: 989m² site, 4-bedroom villa in terraced house & apartment buildings zone
Outcome: sold for $1.95 million
Agent: John Procter

Parnell

258 Parnell Rd, unit 43:
Features: studio, parking space
Outcome: auction postponed
Agent: Trisha Vincent

Isthmus west

Avondale

76 Riversdale Rd, unit 4:
Features: one-bedroom unit, carport
Outcome: up for sale by mortgagee, withdrawn from auction
Agents: Cherry Killgour & Steve Leyland

South

Manurewa

2 Totara Rd:
Features: 1042m² section, 3-bedroom house, basement garage, resource consent approved for 3-lot subdivision
Outcome: passed in, back on market at $799,000
Agents: Vanessa Nash, Ginny Cheyne & Stefni Baigent

Attribution: Auction documents.

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7 apartment sales out of 9 units on offer

7 of the 9 apartments & suburban units auctioned by Bayleys last week were sold under the hammer. The mortgagee auction of another unit was postponed.

CBD

Kitchener St

St James, 28-36 Wellesley St, unit 4F:
Features: 2 bedrooms, parking space, across Kitchener St from Auckland Art Gallery & Albert Park
Outcome: sold for $945,000
Agents: Julie Quinton, Diane Jackson & Paula Halford

Queen St

Dilworth, 22-32 Queen St, unit 5G:
Features: studio, high stud
Outgoings: rates $1473/year including gst; body corp levy $4291/year including gst
Outcome: sold for $450,000
Agents: Steve Kirk, Habeeb Urrahman & Chris Cairns

Portland Tower, 62 Queen St, unit 12D:
Features: one bedroom, managed by Quest
Outgoings: rates $5009/year including gst, but hotel pays rebate to owner; income about $11,000/year net + gst
Outcome: sold for $250,000
Agent: Dave Hamlyn

Uptown

CityZone, 11 Liverpool St, unit 1106:
Features: 44m², 2 bedrooms, deck, basement parking space
Outgoings: rates $1246/year including gst; body corp levy $3868/year
Income assessment: $570-600/week
Outcome: sold for $415,000
Agents: Habeeb Urrahman, Steve Kirk & Chris Cairns

Victoria Quarter

Heritage Tower, 22 Nelson St, unit 906:
Features: one bedroom, parking space on separate title, in hotel pool but sold with vacant possession
Outcome: sold for $712,500
Agents: Chris Cairns, Steve Kirk & Habeeb Urrahman

Isthmus east

Onehunga

152 Grey St:
Features: 690m² section zoned mixed housing urban, villa converted into 2 flats, each of 2 bedrooms, parking space
Outcome: sold for $1.325 million
Agent: Eve Park

Parnell

Cleveland Gardens, 22 Cleveland Road, unit 20:
Features: 2 bedrooms, balcony, parking space
Outcome: sold for $850,000
Agent: Fleur Denning

St Heliers

42B Waimarie St:
Features: 348m² terraced townhouse, no body corporate, 4 bedrooms, 2 living rooms, 2 bathrooms, double internal-access garage, utility room, additional storage
Outcome: passed in, back on market at $2.689 million
Agents: David Nightingale & Katya Yushkova

Isthmus west

Avondale

4/76 Riversdale Rd, unit 4:
Features: one bedroom, deck, carport
Outcome: mortgagee auction postponed
Agents: Cherry Killgour & Steve Leyland

North-east

Albany

The Ridge, 71 Spencer Rd, unit C11:
Features: 2 bedrooms, parking space
Outcome: passed in, back on market at $505,000
Agents: Zoe Tietze & Julie Quinton

Attribution: Agency release.

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Updated: 5 (now 6) of 14 sell at Bayleys’ Auckland commercial auction, 3 of 3 in Tauranga

Published 25 October 2018, updated 29 October 2018:
5 of the 14 properties were sold at Bayleys’ Total Property commercial auction on Wednesday and 5 attracted no bid.

At the agency’s Tauranga auction, all 3 properties were sold under the hammer.

Update: One property has been sold post-auction – a takeaway outlet in the Wairau Junction retail centre. The outcomes for 2 of the Auckland properties were transposed – for Ellerslie & Blockhouse Bay – and have been corrected below.

CBD

Chancery

Chancery Square, 44 Courthouse Lane, unit A206:
Features: 45m² unit leased to property management company
Rent: $33,500/year net + gst + outgoings
Outcome: sold for $380,000 at an 8.82% yield
Agents: Mike Adams & Jean-Paul Smit

Queen St

Mid-City, 239 Queen St, unit 1Y:
Features: m²,
Rent: $27,360/year net + gst, occupied by hair salon, lease term runs to April 2021 with further rights of renewal
Outcome: withdrawn from auction
Agent: Oscar Kuang

Hauraki Gulf islands

Waiheke Island

Onetangi

The Sands, 141 The Strand, unit 1:
Features: 104m² manager’s unit in the Sands apartment complex
Rent: $28,723/year net + gst + outgoings
Outcome: no bid
Agents: Brian Caldwell & Mana Tahapehi

Isthmus east

Ellerslie

Updated: 101 Main Highway, unit 12:
Features: 272m² Asian supermarket at Ellerslie shopping centre, 10 parking spaces
Rent: $60,000/year net + gst, 5-year lease in place with 2 5-year rights of renewal
Outcome: passed in at $800,000 (2 results transposed – originally posted as $2.7 million)
Agents: Oscar Kuang, Beterly Pan & Nicolas Ching01 Main Highway

Onehunga

222 Onehunga Mall:
Features: 273m² site, 2-storey building, seismic rating 75% new building standard, local town centre zoning has 27m height control
Rent: commercial & residential tenants
Outcome: withdrawn from auction
Agent: Oscar Kuang

Parnell

29B Bath St:
Features: 175m² site, 139m² commercial unit, parking space
Rent: $42,000/year net + gst current contract, 2 2-year rights of renewal
Outcome: no bid
Agent: Millie Liang

Isthmus west

Blockhouse Bay

Updated: 35 Margate Rd, flats 1-6:
Features: 2497m² site, 6 2-bedroom residential units, each of about 55m² & on separate titles, parking space each, offered in one package
Rent: $200,000/year net + gst from 2-year lease
Outcome: passed in at $2.7 million (2 results transposed – originally posted as $800,000)
Agents: Quinn Ngo, Matt Lee & James Chan

Eden Terrace

1 Exmouth St:
Features: 665m² vacant section on Newton Rd corner, leased to Wilson Parking, mixed use zoning
Rent: $21,495/year net + gst, early termination clause
Outcome: withdrawn from auction
Agents: Owen Ding, James Chan & Jarrod Qin

Pt Chevalier

1110 Great North Rd, unit D:
Features: 345m², town centre fruit & vegetable shop + parking, leased to PTC Fresh NZ for 5 years from December 2016 with 2 5-year rights of renewal
Rent: $108,312/year net + gst
Outcome: sold for $1.55 million at a 6.99% yield
Agents: Nicolas Ching, Quinn Ngo & James Chan

350 Pt Chevalier Rd:
Features: 696m² site zoned business – neighbourhood centre, housed greengrocery for over 50 years
Outcome: sold with vacant possession for $1.87 million at a land value of $2686/m²
Agents: John Procter, Alan Elliott & Cameron Melhuish

North-east

Orewa

Tamariki Plaza, 1-19 Cammish Lane, unit J:
Features: vacant 190m² commercial unit, one parking space + share of 35 parking spaces
Outcome: passed in at $700,000
Agents: Mustan Bagasra

Rosedale

101 Apollo Drive, unit D:
Features: vacant 120m² ground-floor office unit, 4 parking spaces
Outcome: auction postponed
Agents: Tonia Robertson & Jane McKee

Rosedale Retail Centre, 94 Rosedale Rd, unit 2:
Features: 73m² shop at entrance to zero-vacancy retail centre
Rent: $37,520/year net + gst + outgoings
Outcome: sold prior
Agents: Eddie Zhong, Steven Liu & Meng He

Wairau Valley

18 Ashfield Rd, unit D:
Features: industrial unit, 110m² ground floor, 30m² storage above, monthly tenancy
Outcome: sold for $440,000
Agents: Trevor Duffin & James Yu

65-71 Porana Rd, unit E:
Features: 133m² unit occupied by Hollywood bakery
Rent: $55,000/year net + gst + opex, new 6-year lease
Outcome: auction postponed
Agents: Adam Curtis, Damian Stephen & Steven Liu

Updated: Wairau Junction, 162-178 Wairau Rd, unit 7:
Features: 45m² kebab outlet
Rent: $30,600/year net + gst + outgoings
Outcome: passed in at $500,000, sold post-auction for $550,000 at a 5.56% yield
Agents: Andrew Lin & Ranjan Unka

North-west

Henderson

192 Universal Drive, unit A1:
Features: 756m², corner store in Lincoln North Shopping Centre, 7-year lease to Super Cheap Auto NZ from July 2016, annual fixed 3% rental increases & one 5-year right of renewal
Rent: $225,221/year net + gst, 3% annual increases
Outcome: sold for $3.93 million at a 5.73% yield
Agents: Matt Lee, James Chan, Quinn Ngo, Terry Kim & David Han

South

Clendon Park

439 Roscommon Rd, unit 2:
Features: 97m² retail unit, tenant Clendon Foodmarket
Rent: $41,600/year net + gst, 6-year lease from 2015
Outcome: no bid
Agents: Matt Lee, Quinn Ngo & Piyush Kumar

439 Roscommon Rd, unit 3:
Features: 97m² retail unit, tenant Crown Liquor
Rent: $43,201/year net + gst, 4-year lease from 2016, rights of renewal
Outcome: no bid
Agents: Matt Lee, Quinn Ngo & Piyush Kumar

South of the Bombays

Bay of Plenty

Bethlehem

272A State Highway 2:
Features: 809m² site, 305m² 2-level commercial building, anchor ground-floor pharmacy tenancy, smaller dental tenancy above on leases renewed until 2021 plus further renewals
Rent: $62,730/year net + gst
Outcome: sold for $1.26 million at a 4.98% yield
Agent: Myles Addington

Judea

66 Koromiko St:
Features: 2536m² industrial site, 1519m² standalone building comprising 1123m² of warehouse & workshop space, 4 large roller doors; the balance 2 levels of offices, showroom, storage & amenities; tenant Paramount Stainless has recently renewed for the next 3 years with one final right of renewal to 2024
Rent: $122,000/year net + gst
Outcome: sold for $1.8 million at a 6.78% yield
Agent: Graeme Coleman

Tauranga:

199, 207 & 213 Cameron Rd:
Features: 2192m² redevelopment site zoned city centre, allowing 19m² building height, next to central fire station on main arterial, car dealers have operated from site since the early 1970s, 2 tenancies expiring in August 2020
Rent: $190,715/year net + gst
Outcome: sold for $6.25 million + gst at a 3.05% yield, land value $2851/m²
Agents: Lloyd Davidson & Laura Taylor

Coromandel

Thames

517 Pollen St:
Features: 1521m² site, 1410m² building occupied by multiple tenants including NZ Post Ltd on long-term lease, 16 parking spaces
Rent: $107,717.53/year net + gst, multiple tenants
Outcome: no bid
Agents: Millie Liang & Josh Smith

Attribution: Agency release.

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One apartment sold out of 9 on offer at auction

An apartment in the Volt on Queen St (pictured) was the only one of 9 units on offer to sell at Ray White City Apartments’ auction today.

CBD

Learning Quarter

The Whitaker, 2 Whitaker Place, unit 5C:
Features: 53m², one bedroom, parking space
Outgoings: rates $1168/year including gst
Outcome: no bid
Agent: Andrew Bond

Quay Park

Mirage, 86 The Strand, unit 508:
Features: leasehold, 33m² studio, covered parking space
Outgoings: rates $1149/year including gst
Outcome: no bid
Agents: Mitch Agnew & Ryan Bridgman

Queen St

Guardian, 105 Queen St, unit 511:
Features: 35m², one bedroom
Outgoings: rates $1570/year including gst; body corp levy $3382/year
Income assessment: $480-520/week furnished
Outcome: passed in at $300,000
Agents: May Ma & Mark Li

Uptown

Volt, 430 Queen St, unit 1117:
Features: 40m², 2 bedrooms
Outgoings: rates $1304/year including gst; body corp levy $3901/year after 10% prompt payment discount
Income assessment: $490/week fixed until February
Outcome: sold for $340,000
Agents: Victor Liu

Victoria Quarter

Harvard, 147 Hobson St, unit 2F:
Features: 37m², 2 bedrooms
Outgoings: rates $1071/year including gst; body corp levy $3262/year after 10% prompt payment discount
Income assessment: $430/week current
Outcome: sole bid $280,000 from the vendor, passed in
Agent: Krister Samuel

Harvard, 147 Hobson St, unit 9J:
Features: 38m², 2 bedrooms
Outgoings: rates $1207/year including gst; body corp levy $5050/year
Income assessment: $435/week current
Outcome: passed in at $289,000
Agent: Krister Samuel

Stanford, 189 Hobson St, unit 2G:
Features: 41m², 2 bedrooms,
Outgoings: rates $1130/year including gst; body corp levy $3356/year after 10% prompt payment discount
Income assessment: $430/week current
Outcome: passed in after bid at $250,000, vendor bid at $280,000
Agent: Krister Samuel

Stanford, 189 Hobson St, unit 3B:
Features: 35m², 2 bedrooms
Outgoings: rates $1052/year including gst; body corp levy $3356/year after 10% prompt payment discount
Income assessment: $430/week current
Outcome: sole bid $280,000 from the vendor, passed in
Agent: Krister Samuel

North-east

Albany Heights

125 Gills Rd, unit 46:
Features: 154m², 3-bedroom townhouse, 2.5 bathrooms, double garage
Outgoings: rates $1841/year including gst; body corp levy $3526/year
Income assessment: $590/week, fixed until 8 March, appraisal $600-650/week unfurnished
Outcome: passed in at $650,000
Agents: May Ma & Mark Li

Attribution: Auction.

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Queen St & College Hill apartments sell

Apartments in CityLife on Queen St and the Perspective on College Hill were sold at Bayleys’ auctions last week.

A Waiheke Island unit overlooking Onetangi and a Papatoetoe property with multiple tenancies were passed in.

CBD

Queen St

CityLife, 171 Queen St, unit 1109:
Features: 63m², one-bedroom apartment, out of hotel pool but access to all hotel facilities
Outcome: sold for $545,000
Agents: Jon Fisher & Julie Quinton

Hauraki Gulf Islands

Waiheke Island

Onetangi

8 Victoria Road North, unit 5:
Features: 2-bedroom unit, deck, parking space
Outcome: passed in
Agent: Cathy Cameron

Isthmus west

Freemans Bay

Perspective, 28 College Hill, unit 424:
Features: 116m², 2 bedrooms, 2 bathrooms, 2 parking spaces, 2 storage spaces
Outcome: sold for $1.23 million
Agents: Blair Haddow & Jono King

South

Papatoetoe

13 Fyfe Avenue:
Features: 1345m² section, multiple residential property in mixed suburban zone, 5 income streams – 1950s house, 3 bedrooms, garage; block of 4 2-bedroom units, each with carport
Income: $105,300/year from tenancies ranging from 2-13 years
Outcome: passed in
Agents: Ash Jogia & Tony de Leeuw

Attribution: Agency release.

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A milestone for the city rail link project, and a start on the next major section

The 2-year task of reinstating Albert St began last week while, over at Britomart, excavation for the city rail link tunnel can now proceed at full speed.

Image above: Work underway on the tunnel at the intersection of Albert & Customs St West.

The first is an obvious milestone in the development of the rail tunnel under Auckland’s downtown business area because, for most of the time the project has been underway, pedestrians have been able to peer down.

Britomart is far more complicated, requiring the railway station building – the city’s former chief post office – to be jacked up to enable excavation for the tunnel that will cross under Lower Queen St, under the Commercial Bay tower under construction on the former Downtown shopping centre site, around under Albert St & up to Karangahape Rd and on to Mt Eden station.

The Albert St tunnel project in September 2017 (my photo above) and (below) in September 2018.

The Government-Auckland Council company in charge of the rail project, City Rail Link Ltd, in its latest newsletter out last Thursday, counts some major steps forward:

  • Albert St reinstatement starts
  • Excavation under the Albert/Customs St intersection paves the way for construction of the tunnel box sections that will eventually link the Albert St trench to the rail tunnels being built under the neighbouring Commercial Bay development
  • The Britomart load transfer is complete and tunnel excavation can proceed.

City Rail Link chief executive Sean Sweeney said backfilling of the trench which runs directly beneath Albert St will eventuate in the roadway being reinstated & returned to road users by late 2020.

Backfilling with 50,000m³ of materials – a mixture of crushed concrete, crushed rock, sand & flowable fill – will take until mid-2019 to complete.

The work is being completed by Connectus – the McConnell Dowell Constructors Ltd & Downer EDI Ltd joint venture delivering the city rail link C2 contract.

Under the Customs/Albert St intersection, excavations have reached the halfway mark in preparation for building a key section of rail link tunnel box.

The twin underground tunnels being built under Albert St will connect at that point with those that have been built under the adjacent Commercial Bay development site.

Excavation is also continuing with the installation of supports for the trench walls and the removal of an old stormwater pump chamber. Construction of the tunnel structure under the intersection is expected to start this year, with a full connection being made to Commercial Bay by mid-2019.

On the C1 contract in Queen St, Downer & Soletanche Bachy JV completed the weight transfer of the 106-year-old category 1-listed ex-post office heritage building onto a series of underpinning frames, which will protect it from damage while rail link infrastructure is built underneath.

The City Rail Link website is full of images & more detail on the project.

2 time-lapse videos on the link’s website show a 6-month sequence of the city rail link tunnel box being built underneath Albert St. One camera faces south, and the other faces northern Albert St (downhill).

Links:
Albert St milestone
Video: Latest look inside the Albert St trenches
Britomart tunnel excavation is go

Attribution: Company release.

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Updated: Wolfe St sale the big prize as 5 commercial properties sold at auction, 2 post-auction sales

Published 20 September 2018, updated 4 October 2018:
5 of the 9 Auckland properties auctioned in Bayleys’ Total Property 6 series were sold under the hammer on 19 September, and 2 more – on Wellesley St in the cbd and in Ponsonby – have been sold post-auction.

The biggest prize was the price paid for a small warehouse in the middle of Wolfe St, in the heart of the cbd, sold for a land price of $19,298/m² after standing vacant for 23 years.

For that sale, Bayleys’ international division head, James Chan, flew to Hong Kong to translate the auction proceedings for the vendor.

Image above: 6 Wolfe St (outlined), in the heart of the cbd.

CBD

Chancery

Chancery, 2A-2B Courthouse Lane, unit A101:
Features: 314m² unit, 3 tenants
Rent: $132,436/year net + gst
Outcome: sold for $2.02 million + gst
Agents: Damien Bullick, Ken Hu & Alan Haydock

Learning Quarter

Waldorf Celestion, 19 Anzac Avenue, unit 207:
Features: 20.8m², 11-year lease to NZ Waldorf Apartments Management Ltd from March 2017, 11 secure parking spaces + laundry room
Rent: $45,000/year net + gst
Outcome: sold for $790,000 + gst
Agents: Andrew Wallace & Genevieve Thompson-Ford

Waldorf, 6-12 St Martins Lane, unit B1A:
Features: 149.6m², laundry, dining & bathroom facilities, 11-year lease to NZ Waldorf Apartments Management Ltd
Rent: $44,900/year net + gst
Outcome: no bid
Agents: Genevieve Thompson-Ford & Andrew Wallace

Queen St

MidCity arcade, 239 Queen St, unit 1Y:
Features: m², leased to hair salon, current term runs until April 2021, with further renewal rights
Rent: $27,360/year net + gst
Outcome: auction postponed
Agents: Oscar Kuang

Victoria Quarter

Updated: 145 Wellesley St West, unit 1:
Features: 71m² ground floor office unit, parking space, new 3-year lease to telecommunications company Sunx Global Ltd, which has been tenant since 2010
Rent: $32,300/year net + gst + outgoings
Outcome: passed in at $450,000 + gst, sold post-auction for $470,000 at a 6.87% yield
Agents: Nicolas Ching & James Chan

Wolfe St

6 Wolfe St:
Features: 285m² site, 1912 brick warehouse opposite the historic Yates building running from Albert to Federal St, which is being gutted for a new development
Outcome: sold for $5.5 million + gst
Agents: Nick Thompson, Robert Platt & James Chan

Isthmus east

Onehunga

6 Henderson Place, unit L:
Features: vacant 396m² warehouse & office unit, 10 parking spaces
Outcome: passed in at $1.1 million + gst
Agents: Kate Kirby & Laurie Bell

Isthmus west

Grey Lynn

SOMA, 12 Mackelvie St, unit G01:
Features: new 253m² ground floor retail, showroom or office space
Outcome: withdrawn from auction
Agents: Kate Kirby & Stephen Scott

Ponsonby

Updated: 12-14 Fitzroy St:
Features: 245m² site, 180m² corner unit, 3 parking spaces
Rent: $111,000/year net + gst
Outcome: passed in at $2.5 million + gst, sold post-auction for $2.62 million at a 4.24% yield
Agents: Damien Bullick & Alan Haydock

North-east

Albany

Rosedale Plaza, 215 Rosedale Rd, unit 8:
Features: 208m² of retail, mezzanine office & warehouse/storage space, rear roller door access, 4 exclusive parking spaces; 5-year lease from September 2016, plus 2 3-year rights of renewal, to specialist fishing equipment & apparel retailer West Shell
Rent: $45,000/year net + gst
Outcome: sold pre-auction for $850,000 + gst at a 5.29% yield
Agents: Adam Curtis, Damian Stephen & Adam Watton

Orchard Park retail centre, 21 Corinthian Drive, unit 7A:
Features: 87m² restaurant unit, 10-year lease to Double Happy from September 2017
Rent: $55,014/year net + gst + opex
Outcome: sold for $1.15 million + gst
Agents: Meng He, Steven Liu & Eddie Zhong

South

Manukau Central

6 Jack Conway Avenue, unit D:
Features: 567m² warehouse, rear roller door access, seismic rating 100% of new building standard, ground floor & warehouse vacant
Rent: top floor leased until February 2023 for $30,000/year gross + gst
Outcome: sold for $1.45 million + gst
Agents: Owen Ding, Simon Davies & Nelson Raines

Attribution: Auction.

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3 apartments sell at auction

3 apartments were sold under the hammer at Ray White City Apartments’ auction today, including one at the pre-auction offer price. 4 others were passed in.

CBD

Learning Quarter

MetroCity, 82 Wakefield St, unit 1E:
Features: 38m², one bedroom, storage locker
Outgoings: rates $1149/year including gst; body corp levy $4758/year
Income assessment: $450-470/week furnished
Outcome: sold for $275,000
Agents: May Ma & Mark Li

Columbia, 15 Whitaker Place, unit 9D:
Features: 42m², fully furnished 3 bedrooms
Outgoings: rates $1013/year including gst; body corp levy $6046/year
Income assessment: $570-590/week – out of Iota Management Ltd pool
Outcome: passed in at $246,000
Agents: Mitch Agnew & Ryan Bridgman

Queen St

QVB Farmers, 6 Victoria St East, unit 6D:
Features: 120m², 3-level 3-bedroom loft, 5m-high ceilings, 2 staircases to mezzanine & loft bedrooms, downstairs bedroom & bathroom
Outgoings: rates $2369/year including gst; body corp levy $8146/year
Outcome: no bid
Agent: Ann Bennett

Victoria Quarter

Zest, 72 Nelson St, unit 401: 48m², 2-bedroom corner unit, 2 bathrooms
Outgoings: rates $1168/year including gst; body corp levy $4348/year
Outcome: sold for pre-auction offer of $380,000
Agent: Victor Liu

Isthmus west

Grey Lynn

23A Pollen St, unit 301:
Features: 68m² internal, 9m² balcony, 2 bedrooms, parking space
Outgoings: rates $1960/year including gst; body corp levy $4706/year
Outcome: passed in at $910,000
Agent: Adam Gurr

North-east

Takapuna

Prestige on Pupuke, 73 Anzac St, unit 16:
Features: 154m², 3 bedrooms, 2 bathrooms, study, 2 parking spaces, storage locker
Outgoings: rates $3285/year including gst; body corp levy $7595/year
Outcome: passed in at $1.205 million
Agents: Mitch Agnew & Ryan Bridgman

Spencer on Byron, 9-17 Byron Avenue, unit 1208:
Features: 48m², one bedroom, parking space
Outgoings: rates $5618/year including gst; body corp levy $3501/year
Income assessment: under hotel management
Outcome: sold for $377,000
Agents: Gillian Gibson & James Mairs

Attribution: Auction.

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2 apartments sell, 2 passed in at auction

2 apartments were sold & 2 passed in at Ray White City Apartments’ auction today. All had one bedroom, 2 with a balcony, and none had parking.

A large QVB unit at the corner of Queen & Victoria Sts sold at just under $10,000/m² and one in Whitaker Place went for $8400/m².

A Metropolis unit was passed in just short of $11,000/m² and $30,000 short of a reduced reserve, while a Forte unit was passed in at just over $11,000/m².

CBD

Kitchener St

Metropolis, 1 Courthouse Lane, unit 1702:
Features: 52m², one bedroom
Outgoings: rates $1614/year including gst; body corp levy $6050/year
Income assessment: $645/week
Outcome: passed in at $570,000
Agents: James Mairs & Lucia Gao

Learning Quarter

Forte, 37 Symonds St, unit 803:
Features: 27m², furnished one bedroom, deck
Outgoings: rates $1130/year including gst; body corp levy $2526/year
Income assessment: $400-430/week furnished
Outcome: passed in at $300,500
Agents: May Ma & Mark Li

Longview, 6 Whitaker Place, unit 9D:
Features: 50m², fully furnished one bedroom, balcony
Outgoings: rates $1246/year including gst; body corp levy $4165/year
Income assessment: $490/week
Outcome: sold for $420,000
Agents: Mitch Agnew & Ryan Bridgman

Queen St

QVB Farmers, 6 Victoria St East, unit 5M:
Features: 50m², one bedroom
Outgoings: rates $1633/year including gst; body corp levy $5264/year
Outcome: sold for $495,000
Agents: Damian Piggin

Attribution: Auction.

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2 sales & one pending from apartments auction

Published 30 August 2018
A leasehold apartment in the Landings (pictured), beside the Spark Arena in Quay Park, sold under the hammer at Ray White City Apartments’ auction today.

One of the other 2 units on the auction list, in the Guardian on Queen St, had the highest bid placed on a contract and the third unit, in the Heritage Farmers, was sold post-auction.

CBD

Quay Park

The Landings, 10 Ronayne St, unit 305:
Features: leasehold, 47m², 2 bedrooms, storage locker, new code compliance certificate issued after remediation
Outgoings: rates $1168/year including gst; body corp levy $4543/year – $2476/year operating levy, $2067/year ground rent; ground lease was up for renewal at 1 August 2018
Income assessment: $440/week
Outcome: sold for $192,000
Agents: James Mairs & Lucia Gao

Queen St

The Guardian, 105 Queen St, unit 701:
Features: 43m², fully furnished one-bedroom corner unit
Outgoings: rates $1745/year including gst; body corp levy $4124/year
Income assessment: $480/week fully furnished
Outcome: passed in at $410,000, highest bid placed on contract
Agents: Dominic Worthington & Ady Huang

Victoria Quarter

Heritage Farmers, 35 Hobson St, unit 306:
Features: 33m², furnished studio
Outgoings: rates $4502/year including gst; body corp levy $4979/year
Income assessment: in hotel management pool
Outcome: passed in at $256,000, sold post-auction
Agents: Mitch Agnew & Ryan Bridgman

Attribution: Auction.

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