City Sales started the year with one apartment sold at auction today, the other attracting no bid.
The auction success was a leasehold unit on Princes Wharf, on the side nearest Hobson Wharf, where piling to extend that wharf began yesterday. It will continue between 7am-10pm daily.
Lorne St Lofts, 4 Lorne St, unit D:
Features: 38m² studio; building erected in late 1800s, rebuilt in brick in 1913, converted to apartments 1996; seismic rating given as 28% in council report, raised to 50% in engineer’s report supplied on auction day
Outgoings: rates $1396/year including gst; body corp levy $7624/year including gst
Income assessment: $440/week until 6 September
Outcome: no bid
Agents: Ryan Codlin & Kerry Aitken
Princes Wharf, 147 Quay St, shed 22, unit 9:
Features: leasehold, 72m² including deck, 1 bedroom
Outgoings: rates $1711/year including gst; body corp opex levy $7718/year + gst, ground rent $8951/year
Income assessment: $490/week, but sold with vacant possession
Outcome: sold for $210,000
Agents: Tony Kelly & Grant Elliott