Tag Archives | City Sales

Updated: Symonds St apartment + commercial sells, 3 other units passed in

Published & updated 18 October 2018
A unit in the rebuilt Glenside Terraces on Symonds St (pictured), combining upstairs apartment space & ground-floor commercial, was sold at City Sales’ auction yesterday.

3 other apartments were passed in – in the Focus on Anzac, Tower Hill and on Edwin St, Mt Eden.

Update: The Focus on Anzac apartment was sold conditionally the day after the auction, and negotiations were underway on the remaining 2.

CBD

Learning Quarter

Updated: Focus on Anzac, 99 Anzac Avenue, unit 5A:
Features: 62m², 2 bedrooms, parking space
Outgoings: rates $1827/year including gst; body corp levy $6577/year
Income assessment: $645-655/week; in management lease until 2020
Outcome: passed in at $505,000, sold conditionally post-auction, price undisclosed
Agent: Scott Dunn

Tower Hill, 1 Emily Place, unit 13I:
Features: 34m², fully furnished studio, deck
Outgoings: rates $1265/year including gst; body corp levy $2626/year
Outcome: no bid
Agents: Susan Frear

Glenside Terraces, 150 Symonds St, unit 16:
Features: 80m² apartment on 2 upper floors, 40m² ground-floor commercial, 2 bedrooms, 3 bathrooms, 2 parking spaces
Outgoings: rates $1832/year including gst for apartment, $273/year for parking; body corp levy $1927/year including gst for apartment, $315/year for parking
Income assessment: $675-725/week for apartment, $400-450/week commercial
Outcome: sold for $1.23 million
Agents: Jacob Hayward & Maryanne Wong

Isthmus west

Mt Eden

32 Edwin St, unit 93:
Features: 115m², 3 bedrooms, deck, parking space; $8 million has been levied this year for remediation of the building, code compliance certificate not yet issued but work on this unit completed
Outgoings: rates $1398/year including gst; body corp levy $1452/year
Income assessment: $680-750/week
Outcome: passed in at $710,000
Agent: Dahui Chen

Attribution: Auction.

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Hotel suite & Statesman unit sell

A hotel suite in the Amora and one of 2 apartments in the Statesman (pictured) were sold at City Sales’ auction yesterday.

The second Statesman apartment and a new unit in the Victoria Residences opposite the SkyCity casino were under negotiation post-auction.

A unit in Imperial Gardens, where remediation works are pending and a Remuera townhouse were passed in.

CBD

Learning Quarter

The Statesman, 1 Parliament St, unit G08:
Features: 80m² + deck, refurbished 2 bedrooms, 2 bathrooms, parking space
Outgoings: rates $2118/year including gst; body corp levy $5209/year
Outcome: passed in after GAVL online bid, under negotiation post-auction
Agent: Scott Dunn

The Statesman, 1 Parliament St, unit 307:
Features: 57m², 2 bedrooms, potential to lease parking long-term
Outgoings: rates $1691/year including gst; body corp levy $3691/year
Outcome: sold vacant for $572,000
Agent: Scott Dunn

Uptown

Amora, 100 Greys Ave, unit 6J (door 610):
Features: 33m², fully furnished studio, deck
Outgoings: rates $4000/year including gst, paid by hotel
Outcome: sold for $225,000 at short-notice auction (zero-rated for gst – in hotel lease expiring in 2021)
Agent: Dahui Chen

Victoria Quarter

Imperial Gardens, 135 Hobson St, unit 701:
Features: 3 bedrooms, 2 bathrooms, 2 parking spaces
Outgoings: rates $1420/year including gst; remediation imminent
Outcome: passed in
Agent: Haytham Nasr

Victoria St

Victoria Residences, 75 Victoria St, unit 1304:
Features: 62m² + 8m² deck, 2 bedrooms, 2 bathrooms
Outgoings: rates $1982/year including gst; body corp levy $4353/year
Income assessment: $800/week
Outcome: passed in at $840,000, under negotiation post-auction
Agents: Maggie Sun & Scott Dunn

Isthmus east

Remuera

7 Haast St, unit 2:
Features: cross-lease, half share in 625m², 3-bedroom townhouse, 2 covered parking spaces
Outgoings: rates $2885/year including gst
Outcome: passed in
Agent: Haytham Nasr

Attribution: Agency release.

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Propbd on Q Th4Oct18 – 5 sell in 12-lot apartments auction, 2 apartments sold at City Sales auction & 2 under negotiation

Welcome back Propbd on Q! It’s a while since I’ve run information in this section, but it will start to appear more frequently as you see a range of changes coming to The Bob Dey Property Report.

In general, Propbd on Q (hold your fingers over your nose to pronounce Property, and think of the centre of the universe, to Aucklanders – Queen St – where much of this website is written) contains an abbreviated version of items, with the detailed version to follow.

5 sell in 12-lot apartments auction

5 of the 12 apartments auctioned at Ray White City Apartments today were sold under the hammer, including 2 leasehold units in The Landings at Quay Park which were initially passed in when offered separately.

Another Landings unit was passed in, and 2 Zest units attracted little interest separately or together.

The Landings, 8 Ronayne St, unit 1002, leasehold, passed in after bid at $210,000 & vendor bid at $225,000; agents Dominic Worthington & Ady Huang
33 Mount St, unit 15A, sold for $390,000; Victor Liu
Kiwi On Queen, 421 Queen St, unit 211, sold for $420,500; May Ma & Mark Li
Pt Chevalier, Unitec student accommodation, 125 Carrington Rd, Building 310, door 9, leasehold, passed in at $2000 (multiple issues); James Mairs & Andrew Bond
The Landings, 8 Ronayne St, units 410 & 510, leasehold, passed in at $205,000 each when auctioned separately; sold for $450,000 when auctioned together; Dominic Worthington & Ady Huang
Metropolis, 1 Courthouse Lane, unit 1101, passed in at $402,000, Ron Yang & Adam Gurr
Zest, 72 Nelson St, units 415 & 214, unit 415 passed in at $155,000, unit 214 passed in at $160,000 when auctioned separately; when auctioned together, still passed in after bid at $300,000, vendor bid at $400,000; Victor Liu
Mt Wellington, Thompson Park Apartments, 8 Thompson Park Rd, unit 32, sold for $740,000; Steve King
Eden Terrace, Uptown on New North Rd, 83 New North Rd, unit GB, no bid; Andrew Bond
The Wakefield, 18 Wakefield St, unit 7F, no bid; Dominic Worthington & Ady Huang

2 apartments sold at City Sales auction, 2 under negotiation

2 apartments were sold under the hammer at City Sales’ auction yesterday, and another 2 are under negotiation post-auction.

Amora, 100 Greys Ave, unit 6J, sold for $225,000 (zero-rated for gst – in hotel lease expiring in 2021); Dahui Chen
The Statesman, 1 Parliament St, unit G08, passed in after GAVL online bid, under negotiation post-auction; Scott Dunn
Victoria Residences, 75 Victoria St, unit 1304, passed in at $840,000, under negotiation post-auction; Maggie Sun & Scott Dunn
The Statesman, 1 Parliament St, unit 307, sold for $572,000; Scott Dunn
Imperial Gardens, 135 Hobson St, unit 701, passed in; Haytham Nasr
Remuera, 7 Haast St, unit 2, passed in; Haytham Nasr

Attribution: Auctions.

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Ascent apartment sells

An Ascent apartment was sold post-auction by City Sales yesterday.

CBD

Victoria Quarter

Ascent, 149 Nelson St, unit 523:
Features: 52m², 2 bedrooms, deck, secure parking space, new code compliance certificate issued
Outgoings: rates $1343/year including gst; body corp levy $3830/year
Outcome: passed in at $401,000, sold post-auction, price undisclosed
Agents: Kerry Aitken

Attribution: Auction.

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Sebel unit at Viaduct sells

Published 7 September 2018
A unit in the Sebel, overlooking the Viaduct Basin, was sold at City Sales’ auction on Wednesday. A student accommodation unit in Tetra House was passed in.

CBD

Learning Quarter

Tetra House, 85 Wakefield St, unit 1111:
Features: 39m², one bedroom, 2 bathrooms
Outgoings: rates $1246/year including gst; body corp levy $5259/year
Outcome: passed in
Agent: Dahui Chen

Waterfront

Sebel, 85 Customs St West, door 110 (unit 104):
Features: leasehold, 58m², furnished one bedroom, deck
Outgoings: rates $1698/year including gst; body corp levy $10,662/year + ground rent $5876/year
Outcome: sold for $231,500
Agent: Kerry Aitken

Attribution: Agency release.

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Princes Wharf apartment passed in

A Princes Wharf apartment was passed in at City Sales’ auction today after 2 offers from the one bidder.

CBD

Waterfront

Princes Wharf, 137 Quay St, shed 19, unit 20:
Features: leasehold, 108m², 2 bedrooms, 2 bathrooms, deck, parking space
Outgoings: rates $4192/year including gst; body corp opex levy $13,753/year including gst, ground rent $16,157/year, parking space licence to occupy $818/year
Outcome: passed in at $275,000
Agent: Zen Low

Attribution: Auction.

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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.

CBD

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.

CBD

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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