Ray White City Apartments’ auction was over before it began this week, with no bid on the one property on offer, an apartment in the Nautilus tower at Orewa.
Owners won a $24 million claim against Auckland Council in 2015 for damage caused by leaks, and remediation is underway. This apartment will have to be vacated for at least 6 months from the end of September or early October for remediation in or near it to be done.
Nautilus, 9-11 Tamariki Avenue, unit 1112:
Features: 75m², 2 bedrooms, balcony, tandem parking, storage; the $24 million remediation of the building is underway, and this unit must be vacated for at least 6 months from the end of September
Outgoings: rates $1503/year including gst; body corp levy $3829/year
Outcome: no bid
Agents: James Mairs & Gillian Gibson
Attribution: Auction documents.