4 apartments sell at auction

Published 7 September 2018
4 of the 7 apartments auctioned at Ray White City Apartments yesterday were sold under the hammer.

CBD

Federal St

Federal City Apartments, 207 Federal St, unit 402:
Features: 61m², fully furnished 2 bedrooms, balcony
Outgoings: rates $1478/year including gst; body corp levy $5109/year
Income assessment: $580-600/week furnished
Outcome: passed in at $507,000
Agents: May Ma & Mark Li

Quay Park

The Docks, 6 Dockside Lane, unit 318:
Features: leasehold, 65m², 2 bedrooms, parking space
Outgoings: rates $1769/year including gst; body corp levy $9287/year after 10% discount for payment by due date, including $4487/year ground rent
Income assessment: $600/week current
Outcome: sold for $178,000
Agent: Victor Liu

Uptown

Kiwi on Queen, 421 Queen St, unit 514:
Features: 52m², 4 bedrooms
Outgoings: rates $1478/year including gst; body corp levy $5789/year after 10% discount for payment by due date
Income assessment: $650/week
Outcome: sold for $486,000
Agent: Victor Liu

Victoria Quarter

88 Cook St, unit 32:
Features: 175m², 4 bedrooms + flexi-room, 2 bathrooms, 2 parking spaces
Outgoings: rates $2113/year including gst; body corp levy $3367/year
Outcome: no bid
Agent: Victor Liu

Marina Park, 146 Fanshawe St, unit 51:
Features: 51m², 2 bedrooms, tandem parking, reclad & new code compliance certificate issued in 2012
Outgoings: rates $1660/year including gst; body corp levy $3523/year after 10% discount for payment by due date
Income assessment: $490/week current
Outcome: sold for $516,000
Agent: Victor Liu

Zest, 72 Nelson St, unit 1203:
Features: 37m², 2 bedrooms, parking space
Outgoings: rates $1304/year including gst; body corp levy $4285/year
Income assessment: $450/week current, sold with vacant possession
Outcome: sold for $368,500
Agent: Victor Liu

Wynyard Quarter

Stratis, Lighter Quay, 83 Halsey St, unit 608:
Features: leasehold, 101m² on top floor, furnished 3 bedrooms, 2 bathrooms, 2 parking spaces
Outgoings: rates $2989/year including gst; body corp levy $54,660/year
Outcome: passed in after sole bid at $700,000
Agent: Damian Piggin

Attribution: Auction.

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