Apartments in the Connaught & Eden Green in Auckland were passed in at Ray White City Apartments’ auction yesterday.
Both developments have remediation work still to be undertaken.
Connaught, 14 Waterloo Quadrant, unit 8K:
Features: 33m² studio, basement storage locker; remediation cost assessed at $15 million, or $60,000 for this unit, but programme not yet finalised
Outgoings: rates $1285/year including gst; body corp levy $2962/year including gst
Outcome: passed in at $155,000
Agents: Michelle & Judi Yurak
Eden Green, 43 Edwin St, unit 110:
Features: 41m² internal, 4m² balcony, 1 bedroom, parking space, vacant; this apartment (but not the whole building) in double grammar zone; the development has remedial issues
Outgoings: rates $1342/year including gst; body corp levy $3069/year including gst
Outcome: passed in after top bid at $452,000, auctionroom told $475,000 would buy it but no further bid
Agent: Casey Chen