A unit in the Soho apartments on High St was sold at Ray White City Apartments’ auction on Thursday (subject to approval of second shareholder, who was out of contact), but an apartment in the neighbouring QVB building on the corner of Queen St & Victoria St East was passed in at a substantially higher square metre rate.
Outside the auction room, a large one-bedroom apartment in the Pullman Residences, with parking space, has been sold for $1 million. The Residences sit beside the Pullman Hotel, with internal access to hotel facilities.
Soho, 55-57 High St, unit 4C:
Features: 135m², furnished 2 bedrooms, 2 bathrooms
Outgoings: rates $2524/year including gst; body corp levy $5568/year including gst
Income assessment: $600/week current
Outcome: sold for $800,000, at $5926/m², subject to second shareholder’s agreement
Agents: Judi & Michelle Yurak
QVB Farmers, 6 Victoria St East, unit 6F:
Features: 75m², 2 bedrooms
Outgoings: rates $1846/year including gst; body corp levy $6018/year including gst
Income assessment: $650-680/week
Outcome: passed in at $600,000, representing $8000/m²
Agent: Zoran Farac
Pullman Residences, 6 Princes St, unit 7D (not at auction):
Features: 106m² of apartment & balcony, 1 bedroom, parking space
Outcome: sold for $1 million
Agent: Dene O’Kane
Attribution: Auction, agent.