A Century on Anzac apartment on downtown Auckland’s eastern fringe, with a large remediation bill pending, sold at auction on Thursday for just over $1300/m² on Thursday.
The other unit offered at Ray White City Apartments, in the Federal City building, was passed in.
Federal City Apartments, 207 Federal St, unit 1404:
Features: 61m², 2 bedrooms, balcony, secure basement parking space
Outgoings: rates $1841/year including gst; body corp levy $7049/year including gst
Outcome: passed in at $600,000
Agents: John Min & Cecilia Choi
Century on Anzac, 100 Anzac Avenue, unit 5F:
Features: 38m², 1 bedroom
Outgoings: rates $928/year including gst; body corp levy $3652/year including gst; remediation special levy $33,350 in instalments through to September, unit’s estimated total cost $310,155 of estimated bill for whole building $33.35 million including gst
Rent appraisal: $450-470/week furnished
Outcome: sold for $50,000 at $1315.79/m²
Agents: May Ma & Mark Li
Attribution: Auction documents.