Tag Archives | City Sales

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.

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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.

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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.

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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.

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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.

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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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Scotia Tower apartment sells at auction

An apartment in Scotia Tower, overlooking Myers Park at the top of Queen St in the Auckland cbd, was sold at a short-call auction at City Sales on Friday. Remediation of the building is due to begin.

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Uptown

Scotia Tower, 8 Scotia Place, unit 5B:
Features: 30m², one bedroom, deck, parking space; unresolved remedial issues in progress
Outgoings: rates $1175/year including gst; body corp levy $4069/year
Outcome: sold for $125,000
Agent: Dave Cousins

Attribution: Agency release.

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Columbia apartment & Quay Park townhouse sell

Both apartments offered today at City Sales’ first auction for the year were sold under the hammer.

The unit in the Columbia on Whitaker Place is student accommodation and under the same management as the nearby Empire & Princeton Apartments.

The Quay Park townhouse (development pictured) is on leasehold land off The Strand in lower Parnell.

CBD

Learning Quarter

Columbia, 15 Whitaker Place, unit 19H:
Features: 42m², 3 bedrooms, student accommodation
Outgoings: rates $1214/year including gst; body corp levy $6018/year
Outcome: sold for $200,000 + gst
Agent: Michael Jackson

Quay Park

17 Dovedale Place:
Features: on Ngati Whatua o Orakei leasehold, 101m², 3-bedroom split-level townhouse, 2 bathrooms, parking space; unit has a new code compliance certificate
Outgoings: rates $1799/year including gst; body corp levy $9152/year including $7085/year ground rent – next 7-yearly review due this August
Outcome: sold for $350,000
Agent: Maryanne Wong

Attribution: Auction.

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2 sales out of 7 at apartments auction

2 apartments were sold today at City Sales’ final auction for the year, out of 7 on offer.

The first sale was a one-bedroom unit in the Renaissance (pictured), Manukau Central, and the other was a leasehold unit at Lighter Quay.

CBD

Learning Quarter

Tetra House, 85 Wakefield St, unit 913:
Features: 39m², one bedroom, 2 bathrooms; approved for short-term student accommodation only
Outgoings: rates $1201/year including gst; body corp levy $4794/year
Outcome: passed in at $300,000
Agent: Iona Rodrigues

Uptown

Volt, 430 Queen St, unit G01:
Features: 48m², 2 bedrooms, courtyard
Outgoings: rates $1175/year including gst; body corp levy $4703/year
Outcome: passed in at $375,000
Agent: Dave Cousins

132 Vincent St, unit GD:
Features: 73m², 2 bedrooms, parking space
Outgoings: rates $2610/year including gst for unit & parking; body corp levy $6646/year for unit & parking
Outcome: passed in at $650,000
Agent: Susan Frear

Victoria Quarter

Fiore, 152 Hobson St, unit 302:
Features: 35m² studio, deck
Outgoings: rates $1071/year including gst; body corp levy $2544/year
Income assessment: $370/week, fixed until October 2018
Outcome: passed in after a bid at $150,000 & vendor bid at $200,000
Agent: Dave Cousins

Wynyard Quarter

Lighter Quay, 77 Halsey St, unit 409:
Features: leasehold, 60m², fully furnished 2 bedrooms, 4m² deck, parking space
Outgoings: rates $1903/year including gst; body corp levy $9374/year including $4547/year ground rent, plus $2571/year residents’ society fees
Outcome: sold for $320,000
Agents: Val Luo & Maggie Sun

North-west

New Lynn

Karekare Apartments, 17 Crown Lynn Place, unit 5K:
Features: 40m², one bedroom, deck, parking space
Outgoings: rates $1061/year including gst; body corp levy $3888/year
Outcome: no bid
Agent: Trisha Shanaghan

South

Manukau Central

Renaissance, 18 Ronwood Avenue, unit 11H:
Features: 32m², one bedroom, 6m² deck, parking space
Outgoings: rates $1131/year including gst; body corp levy $2856/year
Outcome: sold for $315,000
Agent: Andy Faulkner

Attribution: Auction.

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