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.
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
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