Archive | Apartments

Lighter Quay unit passed in

A Lighter Quay leasehold apartment attracted bids at Ray White City Apartments’ final auction for the year today, but offers fell $25,000 short of the asking price.

Unusually, the city apartment specialist also had 2 houses listed today, in Mt Roskill & Te Atatu. Both attracted a bid but were passed in.

CBD

Wynyard Quarter

Lighter Quay Stratis, 83 Halsey St, unit 515:
Features: leasehold, 49m², fully furnished one bedroom
Outgoings: rates $1825/year including gst; body corp levy $6429/year including $3901 ground rent, residents’ society levy $201/month
Outcome: passed in after bid at $195,000, vendor asking price of $220,000 disclosed
Agents: Liz McCarthy

Attribution: Auction.

 

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Updated: Parking space for a millionaire, Vinegar Lane apartment sold

Published 14 December 2017, updated 21 December 2017:
Update: A Vinegar Lane apartment has been sold post-auction (see below under Isthmus west).

A basement carpark space in the Quay Regency building on Auckland’s downtown waterfront sold at Ray White Apartments auction for $265,000 today – $9815 for every square metre of its 27m² share of the basement.

The woman selling the space, Shelley Jones, said after the auction she’d joked about getting $200,000 for it and couldn’t believe the sale price.

Bidding had started at $70,000 and rose quickly in $10,000 & sometimes $20,000 steps, with several bidders in the room & on the phone.

I’ve been using figures of $70-80,000 for parking spaces around the central city – and higher where there’s a distinct inability to park nearby. A parking space in the Metropolis building recently sold for $140,000.

After that, anything under a million dollars for the next offering, a spacious brand-new apartment in the Aria Ponsonby development on Vinegar Lane, was going to feel flat, and bidding fell well short of that. The apartment has 68m² of internal space, and balconies in new developments like this one aren’t a Juliet where you can’t sit down. Parking is also at a premium.

CBD

Victoria Quarter

Zest, 72 Nelson St, unit 214:
Features: 23m², furnished one bedroom
Outgoings: rates $1045/year including gst; body corp levy $1788/year
Income assessment: $320/week, fixed until 12 January
Outcome: no bid
Agents: Michelle & Judi Yurak

Waterfront

The basement parking space (above) and the space, with vehicle.

Quay Regency, 148 Quay St, carpark 5:
Features: 1/20 share in 540m² basement parking area (so, 27m², but the actual parking space is about 12m²)
Outgoings: rates $759/year including gst; body corp levy $601/year
Income assessment: $275/month on fixed rental just ended, appraisal $80-100/week
Outcome: sold for $265,000 at $9815/m² share of whole basement
Agents: Daniel Horrobin & Damian Piggin

Isthmus west

Grey Lynn

Updated: Aria Ponsonby, 11 Vinegar Lane, unit 203:
Features: 68m² internal + 8m² balcony, 2 bedrooms, 2 bathrooms, 2 parking spaces
Outgoings: rates $1972/year including gst; body corp levy $4916/year
Income assessment: $800-850/week furnished
Outcome: passed in at $800,000, sold post-auction for $860,000
Agents: Michelle & Judi Yurak

Attribution: Auction.

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Suburban cross-leases & apartment sell, central apartment buyers already on holiday

3 suburban cross-leases & an eastern bays apartment were sold at Barfoot & Thompson auctions this week.

One central city apartment attracted a bid, 2 others didn’t, and the auction of a fourth was postponed until January.

CBD

Learning Quarter

Forte Residences, 37 Symonds St, unit 1401:
Features: 2-bedroom sub-penthouse, 2 bathrooms, balcony
Outgoings: body corp levy $3694/year
Income assessment: $510/week, fixed until 11 April
Outcome: passed in at $450,000
Agents: Oscar Zhao

Uptown

Avoka, 31 Day St, unit 8B:
Features: one-bedroom apartment, balcony; remedial works pending, offered with no claim against vendor
Outgoings: body corp levy $6765/year
Outcome: no bid
Agents: Jack Atherton & Sherryl Jones

Victoria Quarter

Hobson Gardens, 205 Hobson St, unit 7E:
Features: 102m², 2-bedroom apartment, 2 bathrooms, parking space, storage
Outgoings: body corp levy $4726/year excluding water
Outcome: no bid
Agents: Stephen Shin & Yasu Ka

Sugartree, 27 Union St, unit 115:
Features: 68m² internal, 2-bedroom apartment, 2 bathrooms, 8m² balcony
Outcome: auction postponed until Wednesday 17 January
Agent: Peter Wu

Isthmus east

Kohimarama

4 Averill Avenue, unit 3:
Features: one-bedroom apartment
Outcome: sold for $590,000
Agent: Lynn Gruenwald

Royal Oak

1 Ambury Avenue:
Features: cross-lease, half share in 827m², 4-bedroom bungalow, 2 bathrooms, carport
Outcome: sold for $1.325 million
Agents: Helen Gu

Isthmus west

Kingsland

69 Third Avenue:
Features: cross-lease, 3/5 share in 1131m², 3 bedrooms, 2 bathrooms, double garage
Outcome: sold for $1.19 million
Agent: Jo Pickering

North-east

Devonport

30 Kawerau Avenue:
Features: cross-lease, half share in 612m², 3-bedroom house, study, offstreet parking
Outcome: sold for $1.36 million
Agents: Sue Harrison & Toni Gregory

Attribution: Auctions.

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2 sales out of 7 at apartments auction

2 apartments were sold today at City Sales’ final auction for the year, out of 7 on offer.

The first sale was a one-bedroom unit in the Renaissance (pictured), Manukau Central, and the other was a leasehold unit at Lighter Quay.

CBD

Learning Quarter

Tetra House, 85 Wakefield St, unit 913:
Features: 39m², one bedroom, 2 bathrooms; approved for short-term student accommodation only
Outgoings: rates $1201/year including gst; body corp levy $4794/year
Outcome: passed in at $300,000
Agent: Iona Rodrigues

Uptown

Volt, 430 Queen St, unit G01:
Features: 48m², 2 bedrooms, courtyard
Outgoings: rates $1175/year including gst; body corp levy $4703/year
Outcome: passed in at $375,000
Agent: Dave Cousins

132 Vincent St, unit GD:
Features: 73m², 2 bedrooms, parking space
Outgoings: rates $2610/year including gst for unit & parking; body corp levy $6646/year for unit & parking
Outcome: passed in at $650,000
Agent: Susan Frear

Victoria Quarter

Fiore, 152 Hobson St, unit 302:
Features: 35m² studio, deck
Outgoings: rates $1071/year including gst; body corp levy $2544/year
Income assessment: $370/week, fixed until October 2018
Outcome: passed in after a bid at $150,000 & vendor bid at $200,000
Agent: Dave Cousins

Wynyard Quarter

Lighter Quay, 77 Halsey St, unit 409:
Features: leasehold, 60m², fully furnished 2 bedrooms, 4m² deck, parking space
Outgoings: rates $1903/year including gst; body corp levy $9374/year including $4547/year ground rent, plus $2571/year residents’ society fees
Outcome: sold for $320,000
Agents: Val Luo & Maggie Sun

North-west

New Lynn

Karekare Apartments, 17 Crown Lynn Place, unit 5K:
Features: 40m², one bedroom, deck, parking space
Outgoings: rates $1061/year including gst; body corp levy $3888/year
Outcome: no bid
Agent: Trisha Shanaghan

South

Manukau Central

Renaissance, 18 Ronwood Avenue, unit 11H:
Features: 32m², one bedroom, 6m² deck, parking space
Outgoings: rates $1131/year including gst; body corp levy $2856/year
Outcome: sold for $315,000
Agent: Andy Faulkner

Attribution: Auction.

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All 3 apartments sell at auction

All 3 apartments auctioned Bayleys’ city office yesterday were sold under the hammer – one in the Victoria Quarter of the cbd, the other 2 in Grey Lynn & Sandringham.

CBD

Victoria Quarter

Regatta Court, 92 Nelson St, unit 7D:
Features: one bedroom, balcony, covered parking space
Outcome: sold for $396,000
Agent: Chris Reeves & Marcus Fava

Isthmus west

Grey Lynn

23 Pollen St, unit 304:
Features: 3-bedroom corner unit, 2 bathrooms, covered patio, secure parking space
Outgoings: rates $2373/year including gst; body corp levy $5707/year
Outcome: sold for $1.25 million
Agents: Cheryl Regan & Harry Cheng

Sandringham

75 Taumata Rd, unit 3:
Features: 2-bedroom unit, parking space
Outcome: sold for $630,000
Agent: Summer Sun

Attribution: Agency release.

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2 apartments, townhouse & 2 land sales at Barfoot auctions

2 apartments were sold and 2 (plus a city fringe bungalow) passed in at Barfoot & Thompson’s city auction today.

At 2 auction sessions yesterday, the agency sold a Grafton townhouse, and a subdivided Victoria Avenue lot and an ex-state house in Remuera.

CBD

Learning Quarter

Tower Hill (pictured), 1 Emily Place, unit 11E:
Features: 60m², one bedroom, parking space
Outgoings: rates $1825/year including gst; body corp levy $4064/year
Outcome: sold for $645,000
Agents: Stephen & Leo Shin

Sapphire, 76 Wakefield St, unit 1212:
Features: 23m² studio
Outgoings: rates $1019/year including gst; body corp levy $2119/year
Income assessment: $330/week current
Outcome: sold for $275,000
Agents: Betty Shao & Donna Rugay

Argent Hall, 2 Eden Crescent, unit 8E:
Features: 31m² studio
Outgoings: body corp levy $3158/year
Outcome: passed in at $250,000
Agents: Stephen & Leo Shi

Isthmus east

Epsom

Ivory, 10 Lion Place, unit 214:
Features: one bedroom, balcony
Outcome: auction postponed
Agents: Stephen Shin & Rhys Chen

Grafton

8K Glasgow Terrace:
Features: 2-level townhouse, one bedroom, study, storage locker, double garage
Outgoings: body corp levy $2535/year
Outcome: sold for $700,000
Agents: Bella Stefano & Sherry Shao

Parnell

11 Balfour Rd, unit 3:
Features: one-bedroom unit on ground floor of 3-storey block, parking space
Outcome: sold at auction brought forward to 1 December
Agent: Alex Baker

13 Cheshire St, unit 102:
Features: one-bedroom apartment, balcony, parking space
Outgoings: body corp levy $2795/year
Outcome: no bid
Agents: Qiao Liu & Harry Yu

Remuera

310 Victoria Avenue, lot 3:
Features: 619m² section
Outcome: sold for $2.66 million at $4297m² land; the other 2 lots down this right of way have already been sold
Agents: Leila & David MacDonald

88 Abbotts Way:
Features: 613m² section, 3-bedroom 1950s ex-state house, single garage
Outcome: sold for $1.166 million
Agents: Steve Hood

Isthmus west

College Hill

80 College Hill:
Features: 230m² section, 2 vacant self-contained units in a bungalow, consented for 2 flats but both used as a single office, rear service lane access & parking
Outcome: no bid
Agents: Agnes Teh & Layne Stephens

Mt Eden

18 Edenvale Crescent, unit 6:
Features: one bedroom, parking space, storage
Outgoings: body corp levy $2930/year
Outcome: no bid
Agent: Andrew Gallagher

Attribution: Auctions.

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Ex-state house among 3 intensive living sales

In a mix of 7 intensive living options at Bayleys auctions around Auckland last week, an ex-state house (pictured) sold more for its land value, and a One Tree Hill brick & tile unit also sold under the hammer, while a Hillsborough townhouse sold prior.

All up, the agency offered 34 residential properties at its auctions and sold 11. 3 were withdrawn or had their auction postponed.

Isthmus east

Greenlane

7 Garland Rd:
Features: 668m² corner section zoned mixed housing urban, 1930s ex-state house, 2 bedrooms, garage & carport
Outcome: sold for $1.595 million at $2388/m² land
Agents: Jeff Clayton & Helen Yan

Mt Wellington

8 Thompson Park Rd, unit 25:
Features: studio with sliding door to bedroom, parking space, built last year
Outgoings: rates $1186/year including gst
Outcome: passed in, back on market at $419,800
Agents: Harry Cheng & Cheryl Regan

One Tree Hill

123A Campbell Rd, unit 2:
Features: 2-bedroom 1960s unit, parking space
Outcome: sold for $790,000
Agent: Lindy Lawton

Remuera

16 Buttle St, unit 2:
Features: 2-bedroom unit, parking space
Outcome: passed in
Agent: John Howard

Isthmus west

Hillsborough

138B Hillsborough Rd:
Features: 3-bedroom townhouse, 2 bathrooms, 2 living rooms, parking space
Outcome: sold prior for $780,000
Agent: Dianne Burt

North-east

Long Bay

20C Caldera Drive:
Features: 4-bedroom townhouse, 2 bathrooms, 2 living rooms, double garage
Outcome: passed in
Agents: Jiang Kou & Therese Leslie

North-west

Te Atatu South

36A Tirimoana Rd:
Features: 3-bedroom townhouse, 2 bathrooms, double internal-access garage
Outcome: passed in, back on market at $859,000
Agents: Kees Van Drongelen

Attribution: Agency release.

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5 apartment sales include 2 in hotel leases

5 apartments were sold at Ray White City Apartments’ auction yesterday out of 9 listed. The sales included 2 of the 3 units in hotel leases.

CBD

Kitchener St

Metropolis, 1 Courthouse Lane, unit 1104:
Features: 48m² including balcony, furnished one bedroom
Outgoings: rates $1305/year including gst; body corp levy $4332/year
Income assessment: $580-600/week
Outcome: sold for $570,000
Agents: Damian Piggin & Daniel Horrobin

Learning Quarter

The Quadrant, 10 Waterloo Quadrant, unit 1215:
Features: 22m² furnished studio, balcony
Outgoings: rates $3686/year including gst (reduced to about $1500/year if removed from hotel pool); body corp levy $2704/year
Income assessment: about $1000/month current
Outcome: sold for $270,000
Agents: Damian Piggin & Daniel Horrobin

Lorne St

Lorne St Lofts, 4 Lorne St, unit 1B:
Features: 50m² studio
Outgoings: rates $1549/year including gst; body corp levy $10,372/year
Income assessment: $450-480/week
Outcome: passed in at $400,000
Agents: Mitch Agnew & Ryan Bridgman

Uptown

Nova en Scotia, 18 Scotia Place, unit 9C:
Features: 53m², 2 bedrooms, balcony
Outgoings: rates $1487/year including gst; body corp levy $4224/year
Income assessment: $450/week
Outcome: sold for $472,500
Agent: Bain Duigan

Isthmus west

Eden Terrace

The Mews, 8 Basque Rd, unit 20:
Features: 114m², 3 bedrooms, 2 bathrooms, 2 parking spaces
Outgoings: rates $1999/year including gst; body corp levy $4799/year
Income assessment: $900-980/week unfurnished, $950-1000/week furnished
Outcome: passed in at $1 million
Agent: Vladimir Kiselev

Kingsland

2 Western Springs Rd, unit 7:
Features: 81m², 2-bedroom corner apartment, flexi-room, 2 bathrooms, 2 parking spaces
Outgoings: rates $1674/year including gst; body corp levy $3476/year
Income assessment: $750-800/week
Outcome: no bid
Agents: Dusan Valenta & Adele Keane

North-east

Takapuna

Shoalhaven, 130 Anzac St, unit A201:
Features: 76m², 2 bedrooms, 2 bathrooms, 2 parking spaces
Outgoings: rates $1918/year including gst; body corp levy $5188/year
Income assessment: $600-650/week
Outcome: sold for $625,000
Agents: Liam Kyle & Gary Walker

Spencer on Byron, 9-17 Byron Avenue, unit 410:
Features: 30m² studio, hotel furniture; sold on “as is, where is” basis, buyer liable for $32,864 remediation levy including gst
Outgoings: rates $2736/year including gst; body corp levy $1936/year
Income assessment: under hotel lease
Outcome: sold for $150,000 + gst
Agents: James Mairs & Gillian Gibson

North-west

Henderson

Quest Henderson, 12 Wadier Place, unit 3A:
Features: 47m², one bedroom, parking space
Outgoings: rates $3201/year including gst; body corp levy $3918/year
Income assessment: $18,401/year + gst current, 10 years to run on hotel lease
Outcome: passed in after bid from vendor at $150,000 + gst
Agent: Ron Yang

Attribution: Auction.

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Propbd on Q Th7Dec17 – auction results – Barfoots intensive resi, Ray White apartments, Bayleys Total Property

It’s a long time since I’ve pumped out auction results on Propbd on Q, should get the detail up in individual items Friday morning. The names after the outcome for each property are the listing agents.

7 intensives sell at Barfoots

7 intensive residential properties were sold at Barfoot & Thompson’s auctions from Tuesday-Thursday this week out of 26 apartments, suburban units & cross-leases (and there were probably more cross-leases at sessions I didn’t attend).

Tuesday:

Sandringham, 377A Sandrinham Rd, unit 5: sold for $487,000, Joanne Yu & Christine Wooding
Mt Eden, 30 Rocklands Avenue, unit 3: no bid, James Yu & Danny Upton

Wednesday:

St Heliers, 55 Maskell St, unit 2: passed in, Kelly Midwood
Glendowie, 58 Riddell Rd, unit 2: passed in, Helen McVicar
Remuera, 29 Greenlane Rd, unit 2: no bid, Kathy Bower & Julie Fitzpatrick
Parnell, 9-11 Fox St, unit 4: no bid, Cindy Yu
Mt Wellington, 166 Panama Rd, unit 2: no bid, Neno Radinovich
St Heliers, 51 Paunui St, unit 2: no bid, Andy Dye
Parnell, 4 Cowie St, unit 1: passed in, Jill Jackson & Emma John
Remuera, 4 Baden Powell Place, unit 2: passed in, Steve Hood
Mt Wellington, 50 Stanhope Rd: no bid, Zdenka Zinajic
Meadowbank, 5 Steele St: no bid, George Fong & Laura McAuley
Mt Albert, 27A Owairaka Avenue: no bid, Lucy Liu & Daniel Qiu
Sandringham, 43 Haverstock Rd, unit 2: sold for $662,000, Paul Donovan & Sharon Walls
Mt Eden, 29 View Rd, unit 3: passed in at $1.702 million, George Fong & Laura McAuley
Sunnyvale, 12 Blueridge Close, unit 12: passed in, Miles Aravindhan

Thursday:

Tower Hill, 1 Emily Place, unit 12G: sold for $555,000, Livia Li
Metropolis, 1 Courthouse Lane, unit 2615: passed in at $350,000, Stephen Shin & Zoran Farac
HarbourCity, 16 Gore St, unit 35G: passed in at $350,000, Wendy Feng & Jack Li
Fiore, 168 Hobson St, unit 1202: no bid, Stephen Shin & Justin Choi
Argent Hall, 2 Eden Crescent, unit 7A: sold for $419,000, Stephen & Leo Shin
Onehunga, 6 Wade Avenue, unit 1: sold for $599,000, Kevin Liu
One Tree Hill, 59 Athens Rd, unit 3: sold for $905,000, Ron Maman
Ellerslie, 72 Main Highway, unit 1: passed in at $665,000, Di Martens
Sandringham, 43 Kingsway Avenue, unit 1: withdrawn from auction, Yi Wei Lowndes & Tian Qiu
The Peaks, 117 Victoria St West, unit 8D: passed in at $710,000, Michele Ballinger & Jean-March D’Anglejan
Greenlane, 24 Nolan Rd: sold for $1.1 million Gloria Zeng

5 apartments sell at Ray White

5 of the 9 apartments auctioned at Ray White City Apartments today sold under the hammer. Auction results:

Metropolis, 1 Courthouse Lane, unit 1104: sold for $570,000, Damian Piggin & Daniel Horrobin
Shoalhaven, 130 Anzac St, unit A201: sold for $625,000, Liam Kyle & Gary Walker
Nova en Scotia, 18 Scotia Place, unit 9C: sold for $472,500, Bain Duigan
Spencer on Byron, 9-17 Byron Avenue, unit 410: sold for $150,000 + gst, James Mairs & Gillian Gibson
Kingsland, 2 Western Springs Rd, unit 7: no bid, Dusan Valenta & Adele Keane
Lorne St Lofts, 4 Lorne St, unit 1B: passed in at $400,000, Mitch Agnew & Ryan Bridgman
The Quadrant, 10 Waterloo Quadrant, unit 1215: sold for $270,000, Damian Piggin & Daniel Horrobin
The Mews, 8 Basque Rd, unit 20: passed in at $1 million, Vladimir Kiselev
Quest Henderson, 12 Wadier Place, unit 3A: passed in after sole bid from vendor at $150,000 + gst, Ron Yang

8 commercial sales at Bayleys auction

8 of the 16 commercial properties in Bayleys’ final Total Property auction for the year sold under the hammer. Auction results:

Epsom, 1B Edgerley Avenue: sold for $1.26 million, James Chan, Quinn Ngo & Matt Lee
Remuera, 616-618 Remuera Rd: sold for $1.575 million at a 4.83% yield, Andrew Wallace, Cameron Melhuish & Genevieve Thompson-Ford
East Tamaki, 6C Lorien Place: sold for $2.215 million, Mike Marinkovich & James Hill
Kumeu, 609 State Highway 16: sold for $2 million, James Chan, Quinn Ngo & Matt Lee
East Tamaki, 20 Kerwyn Avenue: sold for $2.36 million, Nelson Raines & Jamsheed Sidhwa
Wiri, 59 Ash Rd: sold for $4.92 million, Dave Stanley & Nelson Raines
Wiri, 55 Ash Rd, unit 2: passed in at $600,000, Mike Marinkovich
Albany, 4 Piermark Drive, unit D: sold for $920,000, James Kidd
Papakura, 53 Wood St: sold for $1.025 million, Rod Grieve, Peter Migounoff & Piyush Kumar
103 Victoria St West: passed in at $2.2 million, Paul Dixon & Nick Thompson
Panmure, 100 Queens Rd: passed in at $1.7 million, Mark Pittaway
Manukau, 13 Ryan Place, unit C: passed in at $400,000, Mike Marinkovich
Puriri, 8865 Paeroa-Kopu Rd: passed in, Karl Davis & Josh Smith
Mt Wellington, 66C Morrin Rd: passed in at $480,000, Greg Hall & James Valintine
Otahuhu, 387 Great South Rd: passed in at $2.2 million, Millie Liang
103 Symonds St, units 1 & 13: passed in, Millie Liang
51E Hobson St: withdrawn from auction, Millie Liang

Attribution: Auctions.

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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.

CBD

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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