A small apartment at the top of Queen St sold under the hammer at City Sales’ auction today, but the Quay Park terrace that followed attracted no bid.
The Queen St unit has remediation works to come, while that work’s been completed at the Quay Park property.
14 Dovedale Place:
Features: Ngati Whatua o Orakei leasehold, 92m², 3-bedroom terrace, 2 bathrooms, single internal-access garage; remediation complete & code compliance certificate issued
Outgoings: rates $2156/year including gst; body corp levy $2350/year including gst, ground rent $17,706/year
Income assessment: $800/week, tenant in place until November
Outcome: sole bid was from vendor at $150,000
Agents: Kerry Aitken
508 Queen St, unit 8B:
Features: 28m², 1 bedroom
Outgoings: rates $791/year including gst; body corp levy $2483/year including gst, special levy $6938 (paid this year); estimate of just over $72,000 + gst as this unit’s share of estimated $11 million of remedial works, which include complete reclad of the Queen St frontage & rear walls
Income assessment: $370/week
Outcome: sold for $161,000
Agents: Tony Kelly & Grant Elliott