Tag Archives | City Sales

Avoka apartment sells

The one apartment auctioned at City Sales today, a unit in the Avoka building off Karangahape Rd, was sold under the hammer at just over $3000/m² internal. The building has remediation works pending.

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Uptown

31 Day St, unit 8C:
Features: 60m², one bedroom, deck
Outgoings: rates $3185/year (commercial rating) including gst; body corp levy $8413/year including gst
Outcome: sold for $182,500
Agent: Susan Frear

Attribution: Auction.

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Update: C-Vu & Statesman units sell, then 4 others passed in

Published & updated 26 July 2018
The first 2 apartments on City Sales’ auction list yesterday, in C-Vu & the Statesman (pictured), were sold but the remaining 4 were passed in. The uncertainty of pending remediation works reduced bidding on 2 of them, in the Memphis & Imperial Gardens.

2 units in C-Vu were up for auction, following completion of remediation but before issuing of the code compliance certificate. Update: The second of those 2 units has been sold post-auction, price undisclosed.

The Statesman studio was by far the most popular unit, attracting 6 bidders.

CBD

Learning Quarter

Bankside, 8 Bankside St, unit 9E:
Features: 30m², fully furnished one bedroom, deck
Outgoings: rates $1149/year including gst; body corp levy $4278/year after prompt payment discount
Income assessment: $370-410/week
Outcome: passed in at $235,000 + gst
Agents: Haytham Nasr & Tony Kelly

The Statesman, 1 Parliament St, unit 1311:
Features: 30m² studio, deck, secure storage
Outgoings: rates $1304/year including gst; body corp levy $2652/year after prompt payment discount
Income assessment: $400-420/week
Outcome: sold for $355,000
Agent: Scott Dunn

Uptown

C-Vu, 36 Day St, unit 5A:
Features: 26m², one bedroom, deck, remediation completed, code compliance certificate still to be issued
Outgoings: rates $810/year including gst; body corp levy $2388/year
Outcome: sold for $264,000
Agents: Haytham Nasr & Trisha Shanaghan

Updated: C-Vu, 36 Day St, unit 12H:
Features: 43m², 2 bedrooms, deck, remediation completed, code compliance certificate still to be issued
Outgoings: rates $1052/year including gst; body corp levy $3950/year
Income assessment: $460-500/week
Outcome: passed in at $391,000; sold post-auction, price undisclosed
Agent: Trisha Shanaghan

Victoria Quarter

Imperial Gardens, 135 Hobson St, unit 717:
Features: 51m², 2 bedrooms, 2 bathrooms, deck, parking space
Outgoings: rates $1188/year including gst; body corp levy $5049/year, building about to undergo remediation
Income assessment: $560-595/week
Outcome: passed in at $220,000
Agents: Haytham Nasr & Maggie Sun

Isthmus west

Eden Terrace

Memphis, 4 Rendall Place, unit 4C:
Features: 61m², 2 bedrooms, deck, 2 parking spaces, storage locker
Outgoings: rates $1592/year including gst; body corp levy $4863/year
Income assessment: $420/week current, appraisal $560-590/week
Outcome: passed in at $400,000
Agent: Maggie Sun

Attribution: Auction.

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Sole apartment passed in at auction

4 bidders, 5 bids, and the vendors weren’t going to cave in. That’s the way things turned out on the one apartment auctioned at City Sales today.

Isthmus west

Newton

Newton Rise, 121 Newton Rd, unit 202:
Features: 77m², 2 bedrooms, 6m² deck, parking space
Outgoings: rates $1493/year including gst; body corp levy $5518/year
Income assessment: $515-600/week
Outcome: passed in at $555,000
Agents: Scott Dunn & Trisha Shanaghan

Attribution: Auction.

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Widely divergent prices as apartments sell

Both apartments auctioned at City Sales today were sold under the hammer, at widely divergent prices.

A small studio in 96 on Symonds (building pictured) went for just over $12,000/m² but a 2-bedroom unit in the Federal, at the lower end of Federal St, didn’t match the high-price performance and went for $8500/m² – still a respectable price in a market where bidders are a rare commodity.

Neither unit has a parking space or balcony.

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Federal St

Federal, 18 Federal St, unit 5H:
Features: 60m², 2 bedrooms
Outgoings: rates $1370/year including gst; body corp levy $4978/year
Income assessment: $540-600/week
Outcome: sold for $510,000 at $8500/m²
Agent: Georgia Featherstone

Learning Quarter

96 on Symonds, 96 Symonds St, door 1004:
Features: 18m² fully furnished studio
Outgoings: rates $981/year including gst; body corp levy $2453/year
Income assessment: $315/week, fixed until 1 October
Outcome: sold for $217,000 at $12,056/m²
Agent: Susan Frear

Attribution: Company release.

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3 apartments sell, and off-plans buyer gets conditional sale deal

3 apartments were sold at City Sales’ auction today and a conditional sale has been negotiated on the fourth, a unit bought off the plans & taken to auction shortly before scheduled settlement.

One of the units sold is in a building where remediation has yet to start, while another is in a building where a long remediation project is drawing to a close.

CBD

Learning Quarter

Century on Anzac, 100 Anzac Avenue, unit 9H:
Features: 31m² studio, deck, remediation starting
Outgoings: rates $1110/year including gst; body corp levy $3974/year
Income assessment: $355/week current
Outcome: sold for $168,000
Agents: Tony Kelly & Keith Denyer

Uptown

C-Vu, 36 Day St, unit 3B:
Features: 28m², furnished one bedroom, deck, remediation almost completed
Outgoings: rates $890/year including gst; body corp levy $2572/year
Outcome: sold for $251,000
Agent: Andy Faulkner

Urba, 5 Howe St, unit 609:
Features: 50m², furnished one bedroom + flexi room, 2 bathrooms, deck, secure basement parking space & storage locker; building pet-friendly
Outgoings: rates $1778/year including gst; body corp levy $5191/year
Income assessment: $650-700/week
Outcome: sold for $579,000
Agent: Maryanne Wong

Skyview, 7 Scotia Place, unit 15C:
Features: building under construction, 71m², 2-bedroom penthouse, parking space, 25m² ground-floor storage
Outgoings: not yet set
Outcome: vendor bought off plans with 20% deposit, settlement imminent; one bid at $790,000; after long negotiation, sold pending confirmation within 48 hours of the buyer’s funding, price not yet disclosed
Agent: Aidan Menzies

Attribution: Auction.

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Bidders stay mum as all 4 apartments passed in

All 4 apartments auctioned at City Sales today were passed in as the few potential bidders kept their hands in their pockets.

One unit in the Harvard on Hobson St attracted 6 bids, one in Grey Lynn received a bid well short of reserve and was passed in on a vendor bid, a unit in the Zest building attracted one bid and a leasehold unit on Dovedale Place in Quay Park attracted no bid.

CBD

Quay Park

1-39 Dovedale Place, door 31:
Features: leasehold, 101m², 3 bedrooms, 2 bathrooms, deck, parking space
Outgoings: rates $1825/year including gst; body corp levy $9296/year including $7085/year ground rent; next 7-yearly ground review 2 August this year
Income assessment: $695/week current
Outcome: no bid
Agent: Kerry Aitken

Victoria Quarter

Harvard, 147 Hobson St, unit 11E:
Features: 38m², 2 bedrooms
Outgoings: rates $1201/year including gst; body corp levy $4804/year
Income assessment: vacant, appraisal $450-500/week
Outcome: passed in at $270,000
Agents: Dahui Chen & Anastasia Gonchar

Zest, 72 Nelson St, unit 708:
Features: 20m², fully furnished one bedroom
Outgoings: rates $1045/year including gst; body corp levy $2024/year
Income assessment: $340/week current
Outcome: passed in at sole bid of $180,000
Agent: Michael Jackson

Isthmus west

Grey Lynn

The Pulse, 80 Richmond Rd, unit 2R:
Features: 40m², one bedroom, 20m² courtyard, parking space; remediation completed & code compliance certificate issued December 2016
Outgoings: rates $817/year including gst; body corp levy $2777/year
Income assessment: $500/week current
Outcome: passed in on sole bid from vendor at $450,000
Agent: Kerry Aitken

Attribution: Auction.

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Heritage Grand apartment sells

One apartment, in the Heritage Grand, sold out of 5 apartments on offer at City Sales’ auction on Wednesday.

CBD

Learning Quarter

Oxford, 13-15 Mount St, unit 14G:
Features: 79m², 3 bedrooms, deck, 2 parking spaces
Outgoings: rates $1968/year including gst; body corp levy $7256/year
Outcome: passed in on sole bid from vendor at $700,000
Agent: Maryanne Wong

Sapphire, 76 Wakefield St, unit 1107:
Features: 33m², one bedroom
Outgoings: rates $1175/year including gst; body corp levy $2826/year
Income assessment: $350/week, fixed until February 2019
Outcome: passed in after bid at $200,000, vendor bid at $225,000
Agent: Maryanne Wong

Victoria Quarter

Oaks on Hobson, 188 Hobson St, unit 110:
Features: 46m², 2 bedrooms, in hotel lease but can be suspended if owner-occupied
Outgoings: rates $4481/year including gst; body corp levy $5701/year
Outcome: no bid
Agent: Maryanne Wong

Heritage Grand Tower, 22 Nelson St, unit 406:
Features: 72m², one bedroom, deck, parking space
Outgoings: rates $1590/year including gst; body corp levy $9544/year
Income assessment: $660/week current
Outcome: sold for $625,000
Agent: Kerry Aitken

Zest, 72 Nelson St, unit 205:
Features: 37m², 2 bedrooms
Outgoings: rates $1123/year including gst; body corp levy $3036/year
Income assessment: $450-470/week
Outcome: passed in at $250,000
Agent: Tricia Carlson

Attribution: Auction.

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Updated: All 3 apartments passed in at auction

Published 5 April 2018, updated 7 April 2018
3 apartments auctioned at City Sales on Wednesday were passed in, one on a vendor bid, and the auction for a fourth unit was postponed. The update includes pass-in prices.3 apartments auctioned at City Sales on Wednesday were passed in, and the auction for a fourth unit was postponed.

CBD

Learning Quarter

Celestion, 19 Anzac Avenue, unit 1004:
Outcome: passed in at $455,000
Agent: Maryanne Wong

The Quadrant, 10 Waterloo Quadrant, unit 1811:
Features: 22m² studio
Outcome: passed in on a vendor bid at $220,000
Agent: Maryanne Wong

The Whitaker, 2 Whitaker Place, unit 5H:
Features: 29m² stud
Outcome: passed in at $180,000
Agent: Susan Freear

Uptown

CityZone, 11 Liverpool St, unit 1803:
Features: 22m² studio, tenanted until 24 August
Outcome: auction postponed
Agent: Michael Jackson

Attribution: Agency release.

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C-Vu unit sells

A small unit in the C-Vu apartments down from Karangahape Rd, where a long remediation project is nearing its end, was sold under the hammer at City Sales’ auction today.

CBD

Uptown

C-Vu, 36 Day St, unit 10:
Features: 26m², one bedroom, deck
Outgoings: rates $916/year including gst; body corp levy $2618/year
Income assessment: $380-420/week
Outcome: sold for $268,000
Agent: Trish Shanaghan

Attribution: Auction.

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One apartment sells at City Sales auction

A $60,000 raise after lengthy negotiation secured one apartment sale in the Zest building at City Sales’ auction on Wednesday, but there was no bid to discuss on the second unit on offer, in the Merchant Quarter at New Lynn.

CBD

Victoria Quarter

Zest, 72 Nelson St, unit 624:
Features: 37m², 2 bedrooms, deck, 2 parking spaces
Outgoings: rates $1344/year including gst; body corp levy $5061/year
Outcome: sold for $495,000
Agent: Trisha Shanaghan

North-west

New Lynn

Merchant Quarter, 20 McCrae Way, unit 1011:
Features: 70m², 2 bedrooms, deck
Outgoings: rates $1749/year including gst; body corp levy $4094/year
Outcome: no bid
Agents: Trisha Shanaghan

Attribution: Auction.

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