Tag Archives | Ray White

5 apartments sell at auction

All 5 apartments auctioned at Ray White City Apartments today were sold under the hammer – 2 in Zest (pictured) sold as one lot after being passed in separately.

One other unit, in the brand new Oasis at the top of Myers Park, was withdrawn from the auction but auctioneer Ted Ingram indicated it would be sold within 24 hours.

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Kitchener St

Metropolis, 1 Courthouse Lane, unit 1005:
Features: 43m², one bedroom
Outgoings: rates $1517/year including gst; body corp levy $5007/year
Outcome: highest bid of $484,500 has gone on contract
Agents: Mitch Agnew & Ryan Bridgman

Learning Quarter

Silo, 23 Emily Place, unit 8M:
Features: 35m² + 8m² balcony, one bedroom, 2 decks, secure covered parking space on separate title
Outgoings: rates $1304/year including gst, parking $155/year; body corp levy $5085/year, parking $829/year
Outcome: sold for $485,000
Agents: Mitch Agnew & Ryan Bridgman

Uptown

Oasis, 26 Poynton Terrace, unit 2A:
Features: 110m², 2 bedrooms, bathroom & ensuite with underfloor heating, air-conditioning, 2 enclosed balconies, secure covered parking space
Outgoings: body corp levy $4347/year
Outcome: withdrawn from auction “but will be sold within 24 hours,” said auctioneer Ted Ingram
Agents: Damian Piggin & Krister Samuel

Victoria Quarter

Zest, 72 Nelson St, units 913 & 1017:
Features: both 20m², furnished one bedroom
Outgoings, unit 913: rates $1033/year including gst; body corp levy $1856/year excluding water; unit 1017: rates $1304/year including gst; body corp levy $1906/year excluding water
Income assessments, unit 913: $300/week, fixed until 7 November; unit 1017: $300/week, fixed until 23 February
Outcome: unit 913 passed in at $215,000, unit 1017 passed in at $225,000, both then sold together for $450,000
Agents: Judi & Michelle Yurak

North-east

Takapuna

Spencer on Byron, 9-17 Byron Avenue, unit 1708:
Features: 48m², one bedroom, hotel furniture package, covered parking space
Outgoings: rates $5844/year including gst; body corp levy $3429/year
Income assessment: $/week in hotel lease
Outcome: sold for $390,000 + gst
Agents: Damian Piggin, James Mairs & Gillian Gibson

Attribution: Auction.

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Pt England house & Landings apartment sell after heavy bidding

Heavy bidding saw a Pt England house and a leasehold apartment in The Landings at Quay Park (pictured) sold at Ray White City Apartments’ auction today. An Aucklander apartment was passed in, also after heavy bidding.

Bidding on the house at Pt England opened at $900,000 and finished with a sale at $1.4 million.

The Landings property was a more complicated proposition. It was taken to market by the liquidator of NZHB Properties Ltd, Brenton Hunt (Insolvency Matters Ltd, Christchurch), with a number of clauses relating to vendor liability crossed out.

NZHB, formerly NZ Home Bonds Ltd (director Peter Judkins, of Christchurch) went into liquidation on 5 June.

Bidding on the 8th floor apartment opened at $100,000 and escalated quickly. It sold for $350,000. Auctioneer Ted Ingram said the Landings had recently received a council code compliance certificate after a big remediation project. Next up for owners, however, is negotiation of the 7-yearly review of the Ngati Whatua o Orakei Trust Board ground lease, which came up for renewal on 1 August.

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Learning Quarter

The Aucklander, 25 Rutland St, unit 7D:
Features: 27m² studio
Outgoings: rates $1130/year including gst; body corp levy $3644/year
Income assessment: $400-420/week furnished
Outcome: passed in at $250,000
Agents: Dusan Valenta & Jasmine Chote

Quay Park

The Landings, 8 Ronayne St, unit 811:
Features: leasehold, 71m², 3 bedrooms, 2 bathrooms, parking space, code compliance certificate issued for remediation works
Outgoings: rates $1357/year including gst; body corp levy $10,431/year ($5685 operational levy, $4746/year ground rent); the ground lease review began on 1 August
Income assessment: $640/week
Outcome: sold for $350,000 by the liquidator of the owner, NZHB Properties Ltd; conditions removed from the sale contract included vendor default, late settlement or failure to give possession, vendor warranties & undertakings
Agents: Mitch Agnew & Ryan Bridgman

Isthmus east

Pt England

The house at 5 Riki Rd, Pt England.

5 Riki Rd:
Features: 812m² section, 127m² 3-bedroom house, garage
Outgoings: rates $2841/year including gst
Outcome: sold for $1.4 million
Agent: Adam Pearce

Attribution: Auction.

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All 4 sell at apartments auction

All 4 apartments auctioned at Ray White City Apartments in Auckland today were sold under the hammer, including 2 in the Columbia (pictured) under long-term leases and a leasehold unit at Quay Park.

The leasehold apartment, in the recently remediated The Landings, went to 38 bids before being sold. Following that, a studio in the Precinct got down to a series of $100 bids before the hammer fell.

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Learning Quarter

Columbia, 15 Whitaker Place, unit 3D:
Features: 42m², 3 bedrooms, managed by Iota Management Ltd (John Chen) under lease until 2024
Outgoings: rates $936/year including gst; body corp levy $5860/year
Outcome: sold for $180,000 + gst
Agents: Mitch Agnew & Ryan Bridgman

Columbia, 15 Whitaker Place, unit 8A:
Features: 42m², 3 bedrooms, managed by Iota Management Ltd (John Chen) under lease until 2024
Outgoings: rates $994/year including gst; body corp levy $6015/year
Outcome: sold for $180,000 + gst
Agents: Damian Piggin

Lorne St

Precinct, 6 Lorne St, unit 914:
Features: 20m² furnished studio + balcony
Outgoings: rates $1091/year including gst; body corp levy $1732/year
Income assessment: vacant, appraisal $400-420/week furnished
Outcome: sold for $266,400
Agents: Judi & Michelle Yurak

Quay Park

The Landings, 8 Ronayne St, unit 407:
Features: 62m², 3 bedrooms, 2 bathrooms; remediation completed
Outgoings: rates $1149/year including gst; body corp levy $6982/year including $3177/year ground rent
Income assessment: $570/week
Outcome: had asking price of $299,000, sold for $235,000
Agents: James Mairs & Lucia Gao

Attribution: Auction.

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City fringe, Lighter Quay & Eclipse units sell at auction

An Eden Terrace apartment (pictured), a leasehold unit in Lighter Quay and one in the Eclipse were sold at Ray White City Apartments’ auction today. 3 other units were passed in.

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Learning Quarter

The Quadrant, 10 Waterloo Quadrant, unit 1222:
Features: 22m² furnished studio + 3m² balcony
Outgoings: rates $3686/year including gst; body corp levy $2877/year
Outcome: passed in at $240,000 + gst
Agent: Damian Piggin

Uptown

Eclipse, 156 Vincent St, unit 5C:
Features: 62m² + 10m² deck, refurbished 2 bedrooms
Outgoings: rates $1552/year including gst; body corp levy $5458/year
Outcome: passed in at $550,000, sold post-auction for $570,000
Agent: Keisha Gutierrez

Victoria Quarter

Kingsbridge, 72 Wellesley St, unit 3G:
Features: 60m², one bedroom, balcony, parking space
Outgoings: rates $1565/year including gst; body corp levy $6236/year
Outcome: passed in at $575,000
Agent: Damian Piggin

Waterfront

The Parc, 24 Market Place, unit 5B:
Features: 138m², 2 bedrooms, 2 bathrooms, terrace, 2 parking spaces, 2 storage lockers
Outgoings: rates $2864/year including gst; body corp levy $11,649/year, ground rent $11,890/year (lease in perpetuity, 7-yearly ground rent reviews, next review January 2019)
Income assessment: $950-1050/week fixed term
Outcome: passed in after bid at $450,000, vendor bid at $500,000
Agent: Ann Bennett

Wynyard Quarter

Lighter Quay, 77 Halsey St, unit 515:
Features: leasehold, 62m² + balcony, 2 bedrooms, 2 bathrooms
Outgoings: rates $1838/year including gst; body corp levy to April 2018 $8772/year including $4255/year ground rent
Income assessment: $640/week fixed until 19 October, appraisal $640-660/week unfurnished, $$660-700/week furnished
Outcome: sold for $255,000
Agents: May Ma & Mark Li

Isthmus west

Eden Terrace

19 Fleet St, unit F4:
Features: 75m² + 15m² covered deck, 2 bedrooms, parking space, storage locker
Outgoings: rates $1558/year including gst; body corp levy $4319/year
Income assessment: $600-650/week furnished
Outcome: sold for $670,000
Agents: Dominic Worthington & Ady Huang

Attribution: Auction.

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Brand-new Oasis unit sells at auction

A one-bedroom unit in the new Oasis apartments (pictured) at the top of Myers Park in central Auckland was sold at Ray White City Apartments’ auction today.

The Oasis is beside the steps up from the park & into St Kevin’s Arcade on Karangahape Rd.

2 other apartments – in the Celestion & Harvard – were sold, and 2 in the Connaught & Q Central were passed in. The auction of a Quadrant unit was postponed a week.

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Learning Quarter

Celestion, 19 Anzac Avenue, unit 1201:
Features: 56m², 2 bedrooms
Outgoings: rates $6571/year including gst; body corp levy $/year
Income assessment: out of the hotel pool
Outcome: sold for $477,000 at mortgagee auction
Agent: Josh Muriwai

Quadrant, 10 Waterloo Quadrant, unit 1222:
Features: 22m² studio
Outcome: auction postponed to Thursday 26 July
Agent: Damian Piggin

Connaught, 14 Waterloo Quadrant, unit 5B:
Features: 35m² including balcony, one bedroom, parking space, storage locker, protected airspace provides unobscured views of Albert Park & city
Outgoings: rates $1292/year including gst; body corp levy $3827/year
Income assessment: $400-460/week furnished
Outcome: passed in at $450,000
Agents: Chris Guilford

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, ground $7712/year
Outcome: passed in at $160,000
Agent: Josh Muriwai

Oasis, 26 Poynton Terrace, unit 1A:
Features: 65m², one bedroom, 25m² enclosed balcony, secure basement parking space
Outgoings: body corp levy $5038/year
Outcome: sold for $800,000
Agents: Damian Piggin & Krister Samuel

Victoria Quarter

Harvard, 147 Hobson St, unit 2I:
Features: 38m², fully furnished 2 bedrooms
Outgoings: rates $1110/year including gst; body corp levy $4282/year
Income assessment: $395/week, fixed until 2 October
Outcome: sold for $285,000
Agents: Mitch Agnew & Ryan Bridgman

Attribution: Auction.

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All 3 apartments sell at auction

All 3 apartments sold under the hammer at Ray White City Apartments’ auction today, all after strong bidding.

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Victoria Quarter

One Hobson Residences, Grand Chancellor, 1 Hobson St, unit 1309:
Features: 57m² + 12m² balcony, fully furnished one-bedroom sub-penthouse
Outgoings: rates $1591/year including gst; body corp levy $4223/year
Income assessment: $600-650/week
Outcome: sold for $590,000
Agents: Adam Gurr & Josh Muriwai

Wynyard Quarter

Lighter Quay, 77 Halsey St, unit 513:
Features: leasehold, 41m², furnished one bedroom
Outgoings: rates $1487/year including gst; body corp levy $5676/year for last year including $2753 ground rent; ground rent has gone to arbitration; residents society levy $1513/year
Income assessment: was $520/week, sold with vacant possession, appraisal $550-580/week
Outcome: sold for $164,000
Agents: Mitch Agnew & Ryan Bridgman

Isthmus west

Eden Terrace

Montpellier Square (pictured), 30 Randolph St, unit 2B:
Features: 54m², one bedroom, tandem parking, storage locker
Outgoings: rates $1168/year including gst; body corp levy $3082/year
Income assessment: $450-500/week
Outcome: sold for $438,000
Agents: Mitch Agnew & Ryan Bridgman

Attribution: Auction.

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4 out of 4 sell at Ray White apartments auction

All 4 apartments auctioned at Ray White City Apartments today were sold under the hammer, pricing the units in a range from $8500/m² internal space down to about $7000.

The closest contest was for a suburban unit in the Vista Rosa complex in Mt Albert (pictured), where 2 bidders lifted the offer by more than $100,000 before a sale was achieved.

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Lorne St

Lorne St Lofts, 4 Lorne St, unit 2F:
Features: 66m² + 6m² balcony, one bedroom, 2 bathrooms, 6m+ stud height
Outgoings: rates $1627/year including gst; body corp levy $11,605/year
Outcome: sold for $550,000
Agents: Mitch Agnew & Ryan Bridgman

Uptown

Nova en Scotia, 18 Scotia Place, unit 1F:
Features: 53m², fully furnished 2 bedrooms
Outgoings: rates $1383/year including gst; body corp levy $3382/year
Income assessment: $470/week fixed until 2 August
Outcome: sold for $430,000
Agents: Keisha Gutierrez

Victoria Quarter

Altitude, 34 Kingston St, unit 7E:
Features: 40m², 2 bedrooms
Outgoings: rates $1123/year including gst; body corp levy $3605/year
Outcome: sold for $340,000
Agent: Victor Liu

Isthmus west

Mt Albert

Vista Rosa, 24 Norrie Avenue, unit 42:
Features: 65m², refurbished 2 bedrooms, 3 parking spaces
Outgoings: rates $1545/year including gst; body corp levy $3675/year
Outcome: sold for $555,500
Agents: Adam Gurr & Ron Yang

Attribution: Auction.

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Updated: 3 sell out of 8 at Ray White auction

Published 28 June 2018, updated 30 June 2018:
3 of the 8 apartments auctioned at Ray White City Apartments sold under the hammer, including one of the 2 units in the Volt, above Mayoral Drive (pictured).

Update: Full apartment details now posted.

CBD

Learning Quarter

Cambridge, 43 Anzac Avenue, unit 506:
Features: 18m² studio
Outgoings: rates $952/year including gst; body corp levy $4640/year including water & electricity
Income assessment: $320/week fixed until November; appraisal, $320-330/week furnished
Outcome: passed in at $150,000, back on market at $190,000
Agents: May Ma & Mark Li

Quay Park

Scene 3, 30 Beach Rd, unit 605:
Features: leasehold, 83m², 2 bedrooms, study, 2 bathrooms, deck, 2 parking spaces
Outgoings: rates $1721/year including gst; body corp opex levy $6253/year, ground lease $12,998/year
Outcome: no bid
Agent: James Mairs

Uptown

Volt, 430 Queen St, unit 117:
Features: 38m² + balcony, furnished 2 bedrooms, new furniture package a year ago
Outgoings: rates $1149/year including gst; body corp levy $3570/year
Income assessment: $2167/month from tenancy ending 17 July
Outcome: passed in at $340,000, back on market at $389,000
Agents: Judi & Michelle Yurak

Volt, 430 Queen St, unit 1416:
Features: 38m² + balcony, furnished 2 bedrooms,
Outgoings: rates $1240/year including gst; body corp levy $3975/year
Income assessment: $470-490/week furnished
Outcome: sold for $370,000
Agents: Judi & Michelle Yurak

Victoria Quarter

Zest, 72 Nelson St, unit 802:
Features: 38m² + balcony, furnished 2 bedrooms, secure parking space
Outgoings: rates $1266/year including gst; body corp levy $4150/year (water not included)
Income assessment: $450/week fixed until end November, $55/week for parking
Outcome: sold for $395,000
Agents: Judi & Michelle Yurak

Isthmus east

Mt Wellington

Thompson Park apartments, 8 Thompson Park Rd, unit 46:
Features: 91.1m² including 10.4m² balcony, 2 bedrooms, 2 bathrooms, study, heat pump, 2 parking spaces (one covered), storage locker
Outgoings: rates $1921/year including gst; body corp levy $2968/year
Income assessment: $680-720/week
Outcome: no bid
Agent: Steve King

North-east

Takapuna

Spencer on Byron, 9-17 Byron Avenue, unit 1807
Features: 48m², one bedroom, balcony, parking space
Outgoings: rates $1295/year including gst; body corp levy $3456/year
Income assessment: currently rented out on Airbnb
Outcome: passed in at $395,000
Agents: James Mairs & Gillian Gibson

South

Flat Bush

11 Carlos Drive, unit 12:
Features: 90m² including deck, 2 bedrooms, 2 ensuites, top floor, 2 bathrooms, 2 covered parking spaces; building defects identified, owner passing full rights to buyer
Outgoings: rates $1672/year including gst; body corp levy $5081/year
Income assessment: $480/week current, long-term tenant
Outcome: sold for $115,000
Agents: Dominic Worthington & Ady Huang

Attribution: Auction.

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Strong price on studio as 2 apartments sell

Both apartments auctioned at Ray White City Apartments today were sold under the hammer.

One is under hotel management at the Quadrant, where some building performance issues are being investigated. The other, a small studio in the Precinct on Lorne St, took 35 bids to get a result and sold at $14,550/m².

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Learning Quarter

The Quadrant, 10 Waterloo Quadrant, unit 1904:
Features: 32m², fully furnished one-bedroom corner unit, double balconies; some building performance issues being investigated
Outgoings: rates $4714/year including gst; body corp levy $4309/year to be confirmed
Income assessment: in hotel pool
Outcome: sold for $310,000 + gst
Agents: Damian Piggin

Lorne St

Precinct, 6 Lorne St, unit 1301:
Features: 20m² studio, balcony
Outgoings: rates $1149/year including gst; body corp levy $2031/year
Income assessment: $380/week fixed until September; appraisal $400-420/week
Outcome: sold for $291,000
Agents: Josh Muriwai & Adam Gurr

Attribution: Auction.

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City apartments sell in $9-10,000/m² range at auction

An apartment on St Patrick’s Square (building pictured) and another at the top of the Auckland cbd, in Scotia Place, sold under the hammer at Ray White City Apartments’ auction yesterday. 3 others were passed in at an auction which attracted multiple bidders on 2 properties, none on another.

Assuming a 5% return on current parking price, the 1950s Madison on the Square apartment – across the square from the brand-new Park Residences – was priced at about $9750/m².

At the top of the hill, the Nova en Scotia apartment, with no parking, was priced at $9000/m².

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Federal St

Madison on the Square, 37 Federal St, unit 3D:
Features: 44m², one bedroom, secure basement parking space
Outgoings: rates $1526/year including gst; body corp levy $4668/year
Income assessment: $435/week current, parking $60/week fixed until 23 August; apartment appraisal $500-600/week fully furnished
Outcome: sold for $491,500
Agent: Krister Samuel

Uptown

Volt, 430 Queen St, unit 1607:
Features: 72m², 3 bedrooms, 2 bathrooms, balcony, secure basement parking space
Outgoings: rates $1669/year including gst for apartment, parking $182/year; body corp levy $8383/year including hot & cold water
Income assessment: $650-700/week furnished
Outcome: passed in at $640,000
Agents: Judi & Michelle Yurak

Nova en Scotia, 18 Scotia Place, unit 7G:
Features: 50m², 2 bedrooms
Outgoings: rates $1396/year including gst; body corp levy $4049/year
Income assessment: $490/week current
Outcome: sold for $452,000
Agent: Bain Duigan

Isthmus east

Grafton

Bridgeside, 127 Grafton Rd, unit P1:
Features: 65m², one bedroom, 2 separate basement parking spaces, storage locker
Outgoings: rates $1519/year including gst; body corp levy $5478/year
Outcome: passed in at $535,000
Agents: Mitch Agnew & Ryan Bridgman

Isthmus west

Eden Terrace

Memphis, 4 Rendall Place, unit 4A:
Features: 66m², 2 bedrooms, 3 parking spaces, storage locker
Outgoings: rates $1454/year including gst; body corp levy $5488/year
Outcome: no bid
Agent: Anna Birkenhead

Attribution: Auction.

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