Archive | Lorne St

Private car’s days as symbol of power coming to an end

Never mind those petty rules of staying in your lane, indicating to change, obeying the traffic lights, feeding parking meters, accommodating your vehicle in an approved parking garage. No matter how beat up, or that it’s a polished company vehicle thrust into your care to proclaim your high status. Your car is a symbol of your independence & superiority.

Or, in downtown Auckland, it was.

In March, Auckland Council’s Auckland Development Office will file a report recommending trials to pedestrianise nominated streets in the central business district.

Queen St below Mayoral Drive is the primary candidate. High & Lorne Sts are among the smaller streets also likely to be high on the list.

Quay St would be reduced to 2 lanes, making it much more a pedestrian environment across from the wharves. Eastern suburbs traffic would be directed into the new traffic zones.

But before the trials, other preparation is needed. The development office wants traffic to be guided into zones, and not allowed to cross zones, and the office knows the pedestrians-only trials won’t work unless those preparations are in place.

Turning whole streets over to people on foot – plus bikes, prams, scooters, restricted visits by service vehicles and, in some streets, buses & trams – has been a venture too far for councillors for decades.

When Auckland City Council hired Ludo Campbell-Reid for the new role of urban design specialist in 2006 – coming from Tower Hamlets Council in London after earlier roles as chief executive of Urban Design London and in Cape Town – the notion of pedestrianising Queen St downhill from Mayoral Drive was getting, well, a foot into people’s thinking.

The city council turned down that idea, and also spurned pedestrianising a couple of blocks by a narrow margin. One change that did come, in 2007, was the introduction of bus lanes down Queen St. In addition, Lower Queen St between Customs & Quay Sts, and a couple of side streets – the lower end of Swanson St and Vulcan Lane – had their vehicle access ended.

But Mr Campbell-Reid switched from full-on pedestrianisation for major thoroughfares to the introduction of shared spaces, carried out in Elliot St, part of Fort St, and most recently in O’Connell St.

Meanwhile, gridlock took over, made worse over the last 2 years by the streetworks for the city rail link on Albert, Customs & Victoria Sts. People have watched – I think in awe, certainly not scowling – as they’ve waited at traffic lights and been able to observe the tunnelling below them.

And slowly the tide has turned. By the end of 2021, all going well, those tunnels are going to transport hundreds of passengers every 10 minutes or so into 3 central stations – people who have left the status symbol, the car, at home, or don’t even have one there.

The council development office, which Mr Campbell-Reid heads, can rely on those waves of passengers to lift support for locking cars out of the dominance they’ve long had in the city centre.

Those traffic trials are the biggest changes in the review of the city centre masterplan, approved in 2012, this time combined with the waterfront plan as the City Centre Masterplan 2040.

Proposed digital presentation of the new masterplan will allow for rolling reviews.

Auckland Council’s planning committee agreed unanimously yesterday to the development office’s proposals:

  • Digitisation in time to inform the council’s 2021-31 long-term plan
  • Rolling updates rather than 6-yearly updates
  • New content for public consultation & committee approval by July 2019
  • Maori outcomes
  • Grafton Gully boulevard
  • Access for everyone – the friendlier name for pedestrianisation
  • Trials & tactical urbanism initiatives to test & for consultation
  • Trial an “open streets” initiative in the city centre and work with interested local boards to trial it in other centres

Cllr Richard Hills summed it up: “At the Victoria-Queen St intersection at lunchtime, we’ve got 4500 people crossing & 500 cars. We’ve halved the number of cars coming down Queen St already, from 21,000 to 10,000. We have 7000 bikes/day coming into the city. That’s [the equivalent of] a whole lane from Silverdale.”

Link:
Committee agenda item 9, City centre masterplan 2040   

Earlier story:
12 January 2006: Auckland hires London urban design specialist Campbell-Reid

Attribution: Council committee meeting & agenda.

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4 sales, 7 leases

Industrial & commercial property specialist Commercial Realty Ltd has reported deals completed over $50,000 from May to July. Some had confidential pricing which I’ve mentioned, but I’ve omitted those with so little detail as to make this report meaningless.

Below are 4 sales & 7 leases signed around the Auckland region.

Sales

CBD

Lorne St

8 Lorne St, basement:
Features: 275m², secondary retail
Outcome: sold for $1.475 million
Agent: Reid McGowan

North-west

New Lynn

72 Delta Avenue:
Features: 1200m² standalone building
Outcome: sold to a dance studio for $1.875 million + gst
Agents: Mike Edward & Daniel Speck

South

East Tamaki

15 Bishop Lenihan Place, unit 22:
Features: 102m², live/work unit, 2 stacked parking spaces
Outcome: sold for $477,725
Agents: David Turner & Reid McGowan

Papatoetoe

260 Puhinui Rd:
Features: 8051m² site, 3664m² building
Outcome: sale & leaseback, price confidential
Agents: Mike Edward, Mark Bramwell & Reid McGowan

Leases

Isthmus east

Penrose

Part 323 Church St:
Features: 600m² car yard
Rent: leased to a car dealership for $75,000/year net + gst
Agent: Willie Fernandes

100 Gavin St:
Features: 3171m² warehouse, 1800m² yard, leased to an international tenant
Rent: $455,242/year net + gst
Agent: Danny Guise

22 Industry Rd, unit 2:
Outcome: sold to an investor for $875,000
Agent: Kerry McGuffog

Isthmus west

Avondale

12A Saunders Place:
Features: 698m² warehouse & office
Rent: leased for $93,000/year on a long term to a local Rosebank Rd business at the full asking rental
Agents: Tom Cooper & Mark Bramwell

South

Drury

4 Creek St:
Features: 2000m² yard, 700m² warehouse
Rent: leased for $105,000/year net + gst
Agents: Mark Bramwell & Brad Rathbun

Mangere

50 Andrew Baxter Drive:
Features: 1800m² site, 1080m² warehouse & office
Rent: leased for $175,000/year net + gst
Agents: Danny Guise & Mike Edward

Manurewa

Part 239 Browns Rd:
Features: 1200m² warehouse
Rent: leased to an international tenant for $120,000/year net + gst
Agent: Brad Rathbun

Attribution: Agency release.

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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.

CBD

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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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.

CBD

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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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.

CBD

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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Expectations margin wide as 2 out of 7 apartments sell

The margin between vendor expectations & buyer estimates of where the market has moved looked wide again at Ray White City Apartments’ auction yesterday, as just 2 of the 7 properties sold.

The first property listed, in the Siena Terraces in Grey Lynn, sold on a 5.2% gross yield on current rent after a contest between 4 bidders.

After bidding slowed on the second apartment, in Zest, up the street from the NZ International Convention Centre under construction, auctioneer Ted Ingram couldn’t budge bidders who’d stopped $10,000 short of the figure he said would buy the unit.

The third property up, in the Endean Building on Quay St & the foot of Queen St, showed how wide apart expectations can be. Offers rose from a start at $1 million to $1.4 million – “That’s where I thought we’d be starting,” Mr Ingram said. Another bid took the offers to $1.425 million, and the auctioneer closed with a vendor indicator bid at $1.6 million.

On another one-bedroom unit, in the Hobson Oaks – which Mr Ingram “thought would have gone past $200,000 easily” – he placed a vendor bid to lift bidding from $130,000 to $180,000. When the sale was agreed at $187,500, Mr Ingram commented to the 2 men making that offer: “Gentlemen, this look it’s Christmas time, early.”

On my observation, one couple buying yesterday were occupiers, and the rest of the bidders on all 7 apartments were investors or traders (one longer-term, the other lifting the property for short-term resale).

While investors have frequently been accused of keeping first-homebuyers out of purchases, in fact investors are far cagier, know their limits on rent & do-up costs and are far harder to budge.

That leaves an opening in the current market for owner-occupiers to enter the fray and take advantage of some vendor uncertainty – often, a need to sell rather than considering it just as an option. But buyers looking for their own home have been largely absent from this market for months, which you can put down to the inability to secure a mortgage.

CBD

Lorne St

Precinct, 6 Lorne St, unit 1607:
Features: 44m² + balcony, one bedroom
Outgoings: rates $1474/year including gst; body corp levy $4277/year
Income assessment: $550-580/week furnished
Outcome: passed in at $535,000
Agents: Josh Muriwai & Adam Gurr

Quay Park

16 Cotesmore Way:
Features: leasehold, 115m² including garage, 3-bedroom terrace, 2 bathrooms, tandem garage, recladding completed & code compliance certificate issued
Outgoings: rates $1851/year including gst; body corp levy $3131/year, ground rent $7667/year
Outcome: passed in after bid at $140,000, vendor bid at $200,000
Agent: Andrew Bond

Queen St

Endean Building, 2 Queen St, unit 4C:
Features: 130m², one bedroom, 2 bathrooms, parking space
Outgoings: rates $2562/year including gst for apartment, $759/year for parking; body corp levy $8527/year apartment, $606/year parking
Outcome: passed in after bid at $1.25 million, vendor indicator bid at $1.6 million
Agent: Damian Piggin

Victoria Quarter

Hobson Oaks, 188 Hobson St, unit 808:
Features: 32m², fully furnished one bedroom in hotel lease
Outgoings: rates $4309/year including gst; body corp levy $5701/year
Income assessment: $1325/month
Outcome: sold for $187,500
Agent: Damian Piggin

Zest, 72 Nelson St, unit 1306:
Features: 37m², 2 bedrooms, secure parking space
Outgoings: rates $1188/year including gst; body corp levy $4723/year
Income assessment: $420/week current, appraisal $460-480/week for apartment, $50-60/week for parking space
Outcome: passed in at $370,000
Agents: Judi & Michelle Yurak

Victoria Residences, 75 Victoria St West, unit 305:
Features: 40m², one bedroom, 8m² balcony, opposite Sky Tower
Outgoings: body corp levy $2601/year
Outcome: passed in at $420,000
Agents: Lisa Zhang & Ron Yang

Isthmus west

Grey Lynn

Siena Terrace, 6 Burgoyne St, unit 1M:
Features: 60m² including patio, one bedroom, tandem garage
Outgoings: rates $1220/year including gst; body corp levy $3615/year
Income assessment: $495/week, fixed until yesterday
Outcome: sold for $495,000
Agent: Keisha Gutierrez

Attribution: Auction.

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Quiet week for intensive residential in the auction room

It’s been a quiet time for the auction process at Barfoot & Thompson’s city branch this week as 19 apartments, suburban units & cross-leases in the central city (Precinct) and around the isthmus were auctioned at 5 sessions. Another 5 were auctioned at the regular Thursday morning apartments session – all passed in (see separate story).

Outside that Thursday morning session, 4 were sold under the hammer, 11 were passed in, 2 were withdrawn from auction and 2 were sold pre- or post-auction.

CBD

Lorne St

Precinct, 6 Lorne St, unit 2205:
Features: 2 bedrooms, 2 bathrooms, parking space
Outcome: no bid
Agents: Danny Upton & James Yu

Isthmus east

Epsom

1A Campbell Crescent, unit 1:
Features: 2-bedroom unit, parking space
Outcome: no bid
Agents: George Fong & Laura McAuley

Epsom Mews, 533 Manukau Rd, unit 15:
Features: 2-bedroom unit, carport, storage locker
Outcome: passed in, back on market at $788,000
Agent: Robert Thompson

Onehunga

48 Mays Rd, lot 10:
Features: 5 bedrooms, 2 bathrooms, double internal-access garage, 10-year master builder warranty
Outcome: withdrawn from auction
Agent: Kevin He

One Tree Hill

11A Houpara St:
Features: cross-lease, half share in 945m², 3 bedrooms, double garage
Outcome: no bid, back on market at $849,000
Agent: Paul Hodgman

71 Rawhiti Rd, unit 3:
Features: cross-lease, 1/3 share in 1230m², 3 bedrooms, garage
Outcome: sold for $1.121 million
Agents: Wendy Sadd & Helen Lam

Remuera

45 Abbotts Way, unit 2:
Features: 2-bedroom unit, carport
Outcome: sold at pre-auction
Agent: Ricky Fan

746 Remuera Rd, unit 1:
Features: 2-level 2-bedroom townhouse, double garage
Outcome: sold for $835,000
Agent: Sam Bowen

Royal Oak

29 Inkerman St, unit 3:
Features: 2-bedroom unit, carport
Outcome: passed in
Agent: Oscar Zhao

29 Mt Smart Rd, unit 3:
Features: cross-lease, 1/5 share in 1191m², 2-bedroom unit, offstreet parking
Outcome: sold for $672,000
Agent: Di Martens

St Johns

52 Merton Rd, unit 1:
Features: 2-bedroom unit, carport
Outcome: passed in
Agent: Zdenka Zinajic

Isthmus west

Freemans Bay

Star Apartments, 59 Hepburn St, unit 5:
Features: 2-bedroom apartment
Outcome: sold for $822,500
Agent: Matt O’Brien

Grey Lynn

424F Richmond Rd:
Features: reclad 2-level 2-bedroom unit, 2 bathrooms, 2 parking spaces, code compliance certificate not yet attained
Outcome: withdrawn from auction
Agents: Sherryl Jones & Jack Atherton

Hillsborough

13A Locke Avenue:
Features: 3 bedrooms, garage
Outgoings: body corp levy $1040/year
Outcome: no bid
Agent: Michelle Mi

Mt Eden

Paddington Green, 7 Balmer Lane:
Features: 219m² site, 4-bedroom townhouse, 2 bathrooms, garage
Outcome: passed in
Agents: Sara Knight & Vern Hines

Valley View, 351 Mt Eden Rd, unit 6:
Features: 2-bedroom apartment, Juliet balcony
Outcome: sold post-auction
Agent: Anna Copeland

Mt Roskill

3 Keystone Avenue, unit 3A:
Features: one-bedroom apartment, 2 parking spaces, storage locker, full reclad completed
Outcome: no bid
Agent: Prasanna Kumar

353 Mt Albert Rd, unit 1:
Features: cross-lease, 95m² 3-bedroom upstairs unit, garage
Outcome: no bid, back on market at $699,000
Agent: Kelly Zhang

St Marys Bay

117 Shelly Beach Rd, unit 9:
Features: 3-bedroom terrace, 3 bathrooms, balcony, secure double garage
Outcome: no bid
Agents: Carl & Rosanne Madsen

Related story today: 5 apartments out of 5 passed in

Attribution: Auction documents.

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5 apartment sales include 2 in hotel leases

5 apartments were sold at Ray White City Apartments’ auction yesterday out of 9 listed. The sales included 2 of the 3 units in hotel leases.

CBD

Kitchener St

Metropolis, 1 Courthouse Lane, unit 1104:
Features: 48m² including balcony, furnished one bedroom
Outgoings: rates $1305/year including gst; body corp levy $4332/year
Income assessment: $580-600/week
Outcome: sold for $570,000
Agents: Damian Piggin & Daniel Horrobin

Learning Quarter

The Quadrant, 10 Waterloo Quadrant, unit 1215:
Features: 22m² furnished studio, balcony
Outgoings: rates $3686/year including gst (reduced to about $1500/year if removed from hotel pool); body corp levy $2704/year
Income assessment: about $1000/month current
Outcome: sold for $270,000
Agents: Damian Piggin & Daniel Horrobin

Lorne St

Lorne St Lofts, 4 Lorne St, unit 1B:
Features: 50m² studio
Outgoings: rates $1549/year including gst; body corp levy $10,372/year
Income assessment: $450-480/week
Outcome: passed in at $400,000
Agents: Mitch Agnew & Ryan Bridgman

Uptown

Nova en Scotia, 18 Scotia Place, unit 9C:
Features: 53m², 2 bedrooms, balcony
Outgoings: rates $1487/year including gst; body corp levy $4224/year
Income assessment: $450/week
Outcome: sold for $472,500
Agent: Bain Duigan

Isthmus west

Eden Terrace

The Mews, 8 Basque Rd, unit 20:
Features: 114m², 3 bedrooms, 2 bathrooms, 2 parking spaces
Outgoings: rates $1999/year including gst; body corp levy $4799/year
Income assessment: $900-980/week unfurnished, $950-1000/week furnished
Outcome: passed in at $1 million
Agent: Vladimir Kiselev

Kingsland

2 Western Springs Rd, unit 7:
Features: 81m², 2-bedroom corner apartment, flexi-room, 2 bathrooms, 2 parking spaces
Outgoings: rates $1674/year including gst; body corp levy $3476/year
Income assessment: $750-800/week
Outcome: no bid
Agents: Dusan Valenta & Adele Keane

North-east

Takapuna

Shoalhaven, 130 Anzac St, unit A201:
Features: 76m², 2 bedrooms, 2 bathrooms, 2 parking spaces
Outgoings: rates $1918/year including gst; body corp levy $5188/year
Income assessment: $600-650/week
Outcome: sold for $625,000
Agents: Liam Kyle & Gary Walker

Spencer on Byron, 9-17 Byron Avenue, unit 410:
Features: 30m² studio, hotel furniture; sold on “as is, where is” basis, buyer liable for $32,864 remediation levy including gst
Outgoings: rates $2736/year including gst; body corp levy $1936/year
Income assessment: under hotel lease
Outcome: sold for $150,000 + gst
Agents: James Mairs & Gillian Gibson

North-west

Henderson

Quest Henderson, 12 Wadier Place, unit 3A:
Features: 47m², one bedroom, parking space
Outgoings: rates $3201/year including gst; body corp levy $3918/year
Income assessment: $18,401/year + gst current, 10 years to run on hotel lease
Outcome: passed in after bid from vendor at $150,000 + gst
Agent: Ron Yang

Attribution: Auction.

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Interest withers at apartments auction

A Connaught apartment was sold at Ray White City Apartments’ auction yesterday, interest in another fell well short of vendor aspirations and there was just one bid for the final 3 properties on offer.

CBD

Learning Quarter

The Connaught, 14 Waterloo Quadrant, unit 7D:
Features: 48m², one bedroom, 13m² balcony
Outgoings: rates $1832/year including gst; body corp levy $4252/year
Income assessment: $530-580/week furnished
Outcome: sold for $547,000
Agents: Judi & Michelle Yurak

The Whitaker, 2 Whitaker Place, unit 5B:
Features: 33m² studio; according to the pre-contract disclosure statement, the building’s goods lift is out of order and the body corporate is assessing roof remediation
Outgoings: rates $1088/year including gst; body corp levy $4271/year
Income assessment: $320/week current, appraisal $380-400/week furnished
Outcome: passed in at $202,000
Agents: Adam Gurr

Lorne St

Lorne St Lofts, 4 Lorne St, unit D:
Features: 40m² studio
Outgoings: rates $1367/year including gst; body corp levy $7372/year
Income assessment: $430-460/week furnished
Outcome: no bid
Agents: Judi & Michelle Yurak

Quay Park

Scene 3, 30 Beach Rd, unit 714:
Features: leasehold, 62m², one bedroom, balcony, covered parking space
Outgoings: rates $1331/year including gst; body corp levy $2977/year, ground rent $6188/year, next review in 2018
Income assessment: $550/week current
Outcome: passed in at $100,000
Agents: Ann Bennett

Uptown

Bianco off Queen, 2 White St, unit 11G:
Features: 81m², 2 bedrooms, balconies facing east & west, secure parking space; the vendor has given no warranty on weathertightness or structural integrity and wants to sell without liability
Outgoings: rates $1608/year including gst; body corp levy $7124/year plus an additional $3800 levy
Income assessment: unit $680-700/week, parking $70-80/week
Outcome: no bid
Agents: May Ma & Mark Li

Attribution: Auction.

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2 studios & corner unit sell

All 3 apartments auctioned at Ray White City Apartments yesterday – studios in Oakwood Hall & the Precinct (pictured) and a Zest corner unit – were sold under the hammer.

A commercial space in the Summit on Symonds, containing 3 storage lockers and leased to the body corporate, was passed in.

CBD

Learning Quarter

Summit on Symonds, 103 Symonds St, unit 14:
Features: 40m², contains 3 storage lockers, on 21-year lease to body corporate manager
Rent: $15,000/year + gst + outgoings
Outgoings: rates $1050/year including gst; body corp levy $1093/year
Outcome: passed in at $232,000 + gst
Agents: Jasmine Yao

Oakwood Hall, 81 Wakefield St, unit 14C:
Features: 29m² studio
Outgoings: rates $1101/year including gst; body corp levy $2311/half-year
Income assessment: $380-420/week
Outcome: sold for $283,000
Agents: Krister Samuel & Craig Warburton

Lorne St

Precinct Residences, 6 Lorne St, unit 908;
Features: 21m², furnished studio, balcony
Outgoings: body corp levy $1871/year
Income assessment: $350/week fixed until August, assessment $375-390/week furnished
Outcome: sold for $300,000
Agents: Judi & Michelle Yurak

Victoria Quarter

Zest, 72 Nelson St, unit 1128:
Features: 48m² corner apartment, part-furnished 2 bedrooms, 2 bathrooms, balcony, parking space
Outgoings: rates $1278/year including gst; body corp levy $5232/year after 10% prompt payment discount
Outcome: sold for $405,000
Agents: Victor Liu

Attribution: Auction.

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