Tag Archives | apartments

Spencer & Zest apartments sell

2 apartments in the Spencer on Byron (pictured) & Zest were sold at Ray White City Apartments’ final auction for the year yesterday.

No bid was made for a unit in the leasehold Docks complex, where owners are progressing a leaky building claim & remedial work. The top bid for the fourth property up for auction, a house at Greenhithe, went on an offer contract.

The agency will resume its auctions on 24 January.

CBD

Quay Park

The Docks, 4 Dockside Lane, unit 311:
Features: leasehold, 74m², 2-bedroom corner apartment, balcony, parking space; the building has leaky issues and the buyer waives any right of recovery against the vendor; the buyer will be liable for any further levies
Outgoings: rates $1904/year including gst; body corp levy $18,586/year including gst, which includes ground rent of $11,785/year
Income assessment: $660/week until August
Outcome: no bid
Agent: Victor Liu

Victoria Quarter

Zest, 72 Nelson St, unit 627:
Features: 37m², 2 bedrooms, parking space
Outgoings: rates $1265/year including gst; body corp levy $4901/year including gst
Income assessment: unit $400/week until February, park $65/week until April
Outcome: sold for $380,000
Agent: Victor Liu

North-east

Greenhithe

1 Northbrook Close:
Features: 505m² section, 176m² house, 4 bedrooms, 2 bathrooms, double garage + offstreet space
Outgoings: rates $2694/year including gst
Outcome: passed in with offer on contract at $1.01 million
Agents: Zoran Farac & Marco Sahar

Takapuna

Spencer on Byron, 9-17 Byron Avenue, unit 1008:
Features: 48m², one bedroom with French doors to balcony, parking space
Outgoings: rates $5391/year including gst; body corp levy $3874/year including gst
Outcome: sold for $336,000 + gst
Agents: Gillian Gibson & James Mairs

Attribution: Auction.

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St Marks apartment sells

One apartment was sold at Bayleys auctions last week out of 4 on offer.

CBD

Quay Park

Hudson Brown, 57 Mahuhu Crescent, unit 417:
Features: leasehold, 84m², 2-level 2-bedroom apartment, parking space, storage locker
Outgoings: rates $1808/year including gst
Income assessment: $650/week-plus
Outcome: passed in
Agents: Habeeb Urrahman, Steve Kirk & Chris Cairns

Isthmus east

Epsom

The Ivory, 10 Lion Place, unit 504:
Features: 2 bedrooms, 2 bathrooms, balcony, parking space
Outcome: passed in, back on market at $899,000
Agents: Grace Lee & Eric Cher

Remuera

St Marks, 10 St Marks Rd, unit 202:
Features: 124m², 2 bedrooms, 2 bathrooms, 2.9m-high stud, 2 parking spaces
Outcome: sold for $1.925 million
Agents: Karen Spires & Trisha Vincent

96 Upland Rd, unit 2E:
Features: 3 bedrooms, 2 bathrooms, 2 covered + 2 offstreet parking spaces
Outcome: passed in
Agents: Warren Fenning & Louise De Martin

Attribution: Agency release.

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Ivory, Statesman & Columbia apartments sell

3 apartments sold out of 8 auctioned at Ray White City Apartments yesterday.

Bidding got down to $500 raises before the first unit on the list, in the Ivory in Grey Lynn (pictured), was sold, and the same happened for a Columbia unit in Whitaker Place. The pace was quite different for the Statesman unit auctioned between those 2 – one bidder, 2 offers in the room & another large raise later to seal the deal.

CBD

Learning Quarter

Waldorf Bankside, 8 Bankside St, unit 7F:
Features: 30m² studio + 2m² balcony 
Outgoings: rates $1130/year including gst; body corp levy $4494/year including gst
Income assessment: $400-450/week
Outcome: passed in at $260,000
Agent: Dusan Valenta

Waldorf Bankside, 8 Bankside St, unit 18D:
Features: 30m², top-floor studio
Outgoings: rates $4979/year including gst; body corp levy to be confirmed
Income assessment: $400-450/week
Outcome: passed in at $270,000
Agents: Mitch Agnew & Ryan Bridgman

The Statesman, 1 Parliament St, unit 1208:
Features: 66m² + 21m² wraparound balcony, 2 bedrooms, basement parking space
Outgoings: rates $2195/year including gst; body corp levy $6505/year including gst
Outcome: sold shortly after auction for $870,000
Agents: Judi & Michelle Yurak

Columbia, 15 Whitaker Place, unit 8D:
Features: 42m², furnished 3 bedrooms, one bathroom
Outgoings: rates $994/year including gst; body corp levy $6015/year including gst
Outcome: sold for $183,000 + gst
Agents: Damian Piggin

Quay Park

Scene 3, 30 Beach Rd, unit 510:
Features: 77m², furnished one bedroom, study, covered balcony, parking space, storage room
Outgoings: rates $1691/year including gst; body corp management levy $5145/year including gst, ground rent $10,250/year reviewed as at 2 August 2018, to be backdated once review finalised
Income assessment: $600/week apartment + parking fixed until 25 February, $60/week storage, rental appraisal $650-680/week furnished
Outcome: no bid
Agents: May Ma & Mark Li

Uptown

Hereford Residences, 8 Hereford St, unit 1805:
Features: 52m², one bedroom, parking & storage lockers available to buy
Outgoings: rates $2018/year including gst; body corp levy $2616/year including gst
Outcome: no bid
Agent: Anna Birkenhead

Isthmus west

Eden Terrace

Basque Central, 14 Exmouth St, unit 1E:
Features: 70m² + 12m² balcony, 2 bedrooms, 2 bathrooms, tandem parking
Outgoings: rates $1825/year including gst; body corp levy $7755/year including gst
Outcome: passed in after bid at $550,000, vendor bid at $700,000
Agents: Judi & Michelle Yurak

Grey Lynn

Ivory, 16 Chapman St, unit 6J:
Features: 63m², 2 bedrooms, 2 bathrooms, parking space
Outgoings: rates $1767/year including gst; body corp levy $5058/year including gst
Income assessment: $600-650/week furnished
Outcome: sold for $635,500
Agents: May Ma & Mark Li

Attribution: Auction.

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Guardian & Keystone Ridge apartments sell

A studio in the Guardian on Queen St (pictured) and a unit in Keystone Ridge, at the far end of Dominion Rd, were sold at Ray White City Apartments’ auction today.

Leasehold units in Q Central & Scene 3 and a CityZone apartment were passed in.

Bidding was moderately strong on the freehold units. For Q Central there were 2 bids and for Scene 3, with the ground lease still under review, there were none.

CBD

Quay Park

Scene 3, 30 Beach Rd, unit 1007:
Features: leasehold, 45m², one bedroom, balcony, parking space
Outgoings: rates $1381/year including gst; body corp levy $4397/year including gst, ground rent $8759/year but under review – new ground rent will be backdated to review date 2 August 2018
Income assessment: current $565/week unfurnished, fixed until 28 April; appraisal $580-600/week furnished, $560-580/week unfurnished
Outcome: no bid
Agents: May Ma & Mark Li

Queen St

Guardian, 105 Queen St, unit 609:
Features: 32m² furnished studio, high stud, used for airBnB currently at over 90% occupancy
Outgoings: rates $1493/year including gst; body corp levy $3198/year including gst
Outcome: sold for $295,000
Agents: Mitch Agnew & Ryan Bridgman

Uptown

Q Central, 11B City Rd, unit 7D:
Features: leasehold, 62m², 2 levels, 2 bedrooms, tandem parking
Outgoings: rates $1604/year including gst; body corp levy $4221/year including gst, ground rent $9797/year fixed until December 2023, lease expires in 2086
Income assessment: $575/week ($510 for apartment, $65 for parking)
Outcome: passed in at $105,000
Agent: Josh Muriwai

CityZone, 11 Liverpool St, unit 1406:
Features: 44m², 2 bedrooms
Outgoings: rates $1265/year including gst; body corp levy $4094/year including gst
Income assessment: $500-520/week furnished
Outcome: passed in at $327,000
Agents: Susan Woods-Markwick & Liam Kyle

Isthmus west

Mt Roskill

Keystone Ridge, 3 Keystone Avenue, unit 2P:
Features: 48m², fully furnished 2 bedrooms, renovated, parking space
Outgoings: rates $1340/year including gst; body corp levy $5763/year including gst
Outcome: sold for $505,000
Agents: Mitch Agnew & Ryan Bridgman

Attribution: Auction.

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Symonds & Anzac Avenue apartments sell at auction

2 apartments on Symonds St (pictured) & Anzac Avenue, on the Auckland cbd’s eastern fringe, were sold at City Sales’ auction today.

An apartment in the Statesman was passed in after 2 bids and a cross-leased unit in Avondale didn’t attract a bid.

CBD

Learning Quarter

Century on Anzac, 100 Anzac Avenue, unit 1D:
Features: 34m², one bedroom, deck; building has remediation issues
Outgoings: rates $907/year including gst; body corp levy $2942/year including gst, building investigation & legal special levy $2511
Outcome: sold for $212,000
Agents: Grant Elliott & Tony Kelly

Statesman, 1 Parliament St, unit 508:
Features: 66m² + deck, 2 bedrooms, parking space
Outgoings: rates $2079/year including gst; body corp levy $5409/year including gst
Income assessment: $600/week current but sold with vacant possession
Outcome: passed in at $700,000
Agent: Scott Dunn

96 on Symonds, 96 Symonds St, unit 1503:
Features: 38m², 2 bedrooms, deck, out of management pool
Outgoings: rates $1323/year including gst; body corp levy $4855/year including gst
Outcome: sold for $362,500
Agent: Iona Rodrigues

Isthmus west

Avondale

19B Holly St:
Features: cross-lease, 1/3 share in 634m², renovated 3 bedrooms, 2 offstreet parking spaces
Outgoings: rates $2118/year including gst
Outcome: no bid; current owner bought the property in July for $510,000, down $40,000 from the post-auction asking price after this unit & No 19A were auctioned in June
Agents: Grant Elliott & Tony Kelly

Attribution: Auction.

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Emily apartment sells, vendor bids prompt value questions on others at auction

An apartment in the Emily, just off Customs St East in downtown Auckland, was sold at Ray White City Apartments’ auction today. 3 others were passed in and the auction of another was postponed a week.

The auction opened with no bid on the first property up, in Nugent Rise, Mt Eden, followed by an auctioneer’s vendor bid putting the value at close to $10,000/m².

The one unit that was sold, in the Emily, went for just under $7400/m². The grand old building (pictured above) was converted from a warehouse to apartments 45 years ago.

At the Amora apartments hotel, at the top of Vincent St, a vacant studio had a lot of price tags put on it this month. The one offer at auction was about $10,000/m² for the internal space, excluding parking, but it was back on the market post-auction at about $11,000/m² internal.

At Nugent Rise in Mt Eden, the auctioneer’s indicator worked out at about $9250/m² internal, or about $1000/m² less if the loggia (internal balcony) is counted as internal space.

All these price variables can occur for a lot of reasons – age, condition (especially remediation & its potential cost), the price of parking, and the gap between new stock & established buildings.

In the decline of the market after the global financial crisis 7-10 years ago, the slide in prices was across the board. At the moment, reasons for price movement are less clear – the availability of finance, exit of Asian buyers and uncertainty about international politics & economics are harder reasons to put precise counts on.

CBD

Learning Quarter

Emily Apartments, 22 Emily Place, unit 5D:
Features: 71m², 2 bedrooms, the building has remediation issues
Outgoings: rates $1711/year including gst; body corp levy $8523/year including gst
Outcome: sold for $525,000 at $7394/m²
Agent: Gillian Gibson

Uptown

Q Central, 11B City Rd, unit 7D:
Features: leasehold, 62m², 2-level 2-bedroom apartment, 2 parking spaces
Income assessment: $575/week current
Outcome: auction postponed to next Thursday, 6 December
Agent: Josh Muriwai

Amora, 100 Greys Avenue, unit 811 (8K):
Features: vacant 36m² studio + 3m² balcony, parking space
Outgoings: rates $1304/year including gst; body corp levy $6526/year including gst
Outcome: bid at $350,000, vendor bid at $400,000, passed in; the unit was bought by the vendor at the end of August for $390,000, was marketed this month with a price tag of $485,000 and was back on the market post-auction at $469,000
Agent: Damian Piggin

Isthmus west

Mt Eden

Mountview, 43 Mary St:
Features: 120m², 3-level 2-bedroom terrace, tandem parking; reclad completed in 2016 & new code compliance certificate issued
Outgoings: rates $2018/year including gst; body corp levy $2973/year including gst
Outcome: passed in at $670,000
Agent: Casey Chen

Nugent Rise, 6A Nugent St, unit 107:
Features: 67m² + 8m² loggia, one bedroom, study, parking space, storage locker
Outgoings: body corp levy $2932/year including gst, $195/year for parking
Outcome: no bid; vendor bid of $700,000 placed to indicate the minimum for a multi-offer backup sale process
Agent: Casey Chen

Attribution: Auction.

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Updated: Waldorf Celestion unit sells

Published & updated 29 November 2018:
A unit in the Waldorf Celestion apartment hotel (pictured) was sold at City Sales’ auction yesterday. 3 other apartments in the Metro on Wakefield St, the Sol in Eden Terrace and St Albans on Eden in Mt Eden were passed in. The Metro unit has now sold.

CBD

Learning Quarter

Waldorf Celestion apartment hotel, 19 Anzac Avenue, unit 901:
Features: 50m² + deck, 2 bedrooms, in hotel lease but can exit on 6 months’ notice
Outgoings: rates $6204/year including gst; body corp levy $3961/year including gst
Outcome: sold for $410,000
Agent: Maryanne Wong

Updated: Metro, 82 Wakefield St, unit 10E:
Features: 38m², one bedroom, deck, storage locker
Outgoings: rates $1226/year including gst; body corp levy $5449/year including gst
Outcome: passed in at $275,000; sold post-auction, price undisclosed
Agent: Iona Rodrigues

Isthmus west

Eden Terrace

Sol, 22 Fleet St, unit 3C:
Features: 75m², 2 bedrooms, 2 bathrooms, study, 2.7m stud height, balcony, pet-friendly, parking space
Outgoings: rates $2173/year including gst; body corp levy $3954/year including gst
Outcome: passed in at $850,000
Agent: Kerry Aitken

Mt Eden

St Albans on Eden, 433 Dominion Rd, unit 505 (second floor):
Features: 51m², one bedroom, balcony, parking space
Outgoings: rates $1805/year including gst
Income assessment: $480-500/week
Outcome: passed in at $560,000
Agent: Chris Ediker

Attribution: Auction.

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Met & Eclipse apartments sell

An apartment in the newly remediated Met building between Queen & High Sts, in the centre of the cbd, and one in the Eclipse at the top of Vincent St sold at Bayleys’ residential auction yesterday. The Met unit went for $9420/m².

A Fiore 2 apartment and a cross-leased townhouse in St Heliers were passed in.

CBD

High St

The Met, 11 Durham St East, unit 2K:

Features: 69m², 2 bedrooms, high stud, new code compliance certificate just issued
Outgoings: rates $1963/year including gst; body corp levy $3550/year including gst
Outcome: sold for $650,000
Agents: Habeeb Urrahman & Chris Cairns

Uptown

Eclipse, 156 Vincent St, unit 12L:
Features: 2 bedrooms, balcony, parking space
Outgoings: rates $1827/year including gst; body corp levy $2999/year including gst
Outcome: sold for $625,000
Agents: Chris Bell & Lucy Piatov

Victoria Quarter

Fiore 2, 168 Hobson St, unit 801:
Features: 53m², one bedroom
Outgoings: rates $1498/year including gst; body corp levy $2999/year including gst
Outcome: passed in at $450,000, back on the market at $519,000
Agents: Chris Bell & Lucy Piatov

Isthmus east

St Heliers

16 Hampton Drive, unit A:
Features: cross-lease, ¼ share in 1239m², 3-bedroom townhouse, 2 bathrooms, double internal-access garage
Outcome: no bid
Agents: Blair Haddow & Jono King

Attribution: Auction.

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QVB apartment sells

One apartment in the QVB building at the corner of Queen & Victoria Sts sold and one at the top of the cbd was passed in at Ray White City Apartments’ auction today.

CBD

Queen St

QVB, 6 Victoria St East, unit 3F:
Features: 63m², fully furnished one bedroom
Outgoings: rates $1595/year including gst; body corp levy $4820/year including gst
Income assessment: $470-500/week furnished
Outcome: sold for $450,000
Agents: Mitch Agnew & Ryan Bridgman

Uptown

Uptown, 14 Upper Queen St, unit 6G:
Features: vacant 40m² + 10m² balcony, one bedroom, parking space
Outgoings: rates $1440/year including gst; body corp levy $3400/year including gst
Income assessment: $530-580/week
Outcome: no bid
Agent: Gillian Gibson

Attribution: Auction.

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Studio pushes to new price level in resale as buyers put pressure on other reserves

3 of the 9 apartments auctioned at Ray White City Apartments yesterday – in 96 on Symonds, the Sapphire & Siena Terraces – were sold under the hammer.

Bidding on the studio in 96 on Symonds (pictured above) ended $31,000 above the price the owner paid at auction just 5 months ago. A number of other traders expressed surprise at the $12,056/m² price paid in June, although units smaller than the minimum that can be built these days often command higher price tags for their superior anticipated cashflow. This sale lifts the price/m² to $13,778.

Bidding on 2 units in the leasehold Landings complex beside the old Auckland railway station, and in the Manhattan on Albert St, fell about $20-30,000 short of adjusted reserves yesterday.

CBD

Albert St

Manhattan, 105 Albert St, unit 5C:
Features: 80m², 2 bedrooms,
Outgoings: rates $1749/year including gst; body corp levy $5122/year including gst
Income assessment: $560/week, fixed unril 12 December
Outcome: passed in at $571,000
Agents: Ron Yang & Adam Gurr

Learning Quarter

96 on Symonds, 96 Symonds St, unit 1004:
Features: 18m² refurbished studio
Outgoings: rates $975/year including gst; body corp levy $2453/year including gst
Income assessment: $370-390/week
Outcome: bought for $217,000 at auction in June, sold this time for $248,000
Agents: Dominic Worthington & Ady Huang

Sapphire, 76 Wakefield St, unit 810:
Features: 53m² + 6m² balcony, 2 bedrooms,
Outgoings: rates $1478/year including gst; body corp levy $4061/year including gst after 10% prompt payment discount
Income assessment: $500/week
Outcome: sold at pre-auction offer of $485,000
Agent: Lucia Gao

Quay Park

The Landings, 8 Ronayne St, unit 810:
Features: 71m², 3 bedrooms, 2 bathrooms, parking space; building has new code compliance certificate after remediation
Outgoings: rates $1633/year including gst; body corp levy $5548/year opex including gst, ground rent $7976/year
Income assessment: $680/week, fixed until March 2019
Outcome: passed in at $270,000
Agents: Dominic Worthington & Ady Huang

The Landings, 10 Ronayne St, unit 415:
Features: 47m² + 8m² balcony, 2 bedrooms, parking space
Outgoings: rates $1323/year including gst; body corp levy $3118/year opex including gst, ground rent $4482/year
Income assessment: $500/week, fixed until August 2019
Outcome: passed in at $204,000
Agents: Mitch Agnew & Ryan Bridgman

Uptown

SkyView, 7 Scotia Place, unit 8C:
Features: 71m², new 2 bedrooms, parking space
Outgoings: rates $1904/year including gst; estimated body corp levy $4399/year including gst
Income assessment: $750-800/week furnished
Outcome: passed in at $600,000
Agents: May Ma & Mark Li

Bianco off Queen, 2 White St, unit 12B:
Features: 57m², one bedroom, under hotel management, building has remediation issues
Outgoings: rates $6571/year including gst; body corp levy $2216/year opex including gst + special levy $5192
Income assessment: $800/week
Outcome: passed in on sole bid of $60,000
Agents: Ron Yang & Adam Gurr

Victoria Quarter

Altitude, 34 Kingston St, unit 5L:
Features: 27m², one bedroom
Outgoings: rates $1013/year including gst; body corp levy to be confirmed
Income assessment: $340/week
Outcome: passed in at $205,000
Agent: Damian Piggin

Ascent, 149 Nelson St, unit 303:
Features: one bedroom
Outcome: withdrawn from auction
Agent: Damian Piggin

Isthmus west

Grey Lynn

Siena Terraces, 6 Burgoyne St, unit 2N:
Features: 51m², one bedroom, balcony, tandem parking spaces
Outgoings: rates $1321/year including gst; body corp levy $3769/year including gst
Outcome: sold for $490,000
Agents: Judi & Michelle Yurak

Attribution: Auction.

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