Tag Archives | City Sales

Perspective apartment sells post-auction

An apartment in Perspective on College Hill (pictured above) was sold shortly after today’s auction at City Sales. 3 other units – one cross-leased, one on Ngati Whatua leasehold and an apartment in the 2-year-old Urba off Karangahape Rd – were all passed in.

CBD

Learning Quarter

Century on Anzac, 100 Anzac Avenue:
Features: 2 bedrooms, 2 bathrooms, parking space
Outcome: auction postponed
Agents: Grant Elliott & Tony Kelly

Quay Park

30 Cotesmore Way:
Features: 115m², 3 bedrooms, 2 bathrooms, deck, tandem garage; code compliance certificate issued in 2015 after complete reclad & roof reconstruction
Outgoings: rates $2195/year including gst; body corp operational levy $3224/year including gst, ground lease $17,500/year, new Ngati Whatua o Orakei Trust ground lease will date from 2 August but hasn’t been agreed yet
Income assessment: $775/week
Outcome: no bid
Agents: Maryanne Wong & Scott Dunn

Uptown

Urba, 5 Howe St, unit 615:
Features: 42m², one bedroom + flexi-room, deck
Outgoings: rates $1398/year including gst; body corp levy $3933/year including gst
Income assessment: $490/week, fixed until May 2019
Outcome: passed in at $300,000
Agents: Trisha Shanaghan & Gus Argyle

Isthmus west

College Hill

Perspective, 28 College Hill, unit 425:
Features: 140m², 2 bedrooms, 2 bathrooms, deck, 2 parking spaces, storage locker
Outgoings: rates $3123/year including gst; body corp levy $11,040/year including gst
Outcome: passed in at $1.3 million, sold post-auction, price undisclosed
Agent: Scott Dunn

Mt Eden

Grange Hall, 492 Mt Eden Rd, unit 3:
Features: cross-lease, 1/7 share in 1039m², 70m² unit, 2 bedrooms, garage with workspace, offstreet parking
Outgoings: rates $2207/year including gst
Outcome: passed in at $710,000
Agents: Grant Elliott & Tony Kelly

Attribution: Auction.

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Oaks on Hobson apartment sells

An apartment in the Oaks on Hobson was sold at City Sales’ auction today. The other unit up for auction, a new apartment in Skyview at the top of Myers Park, was passed in with just one bid made.

CBD

Uptown

Skyview, 7 Scotia Place, unit 1304:
Features: 53m², one bedroom, study
Outgoings: rates $1822/year including gst; body corp levy $3856/year including gst
Income assessment: $500-550/week
Outcome: passed in at $450,000
Agents: Trisha Shanaghan & Andy Faulkner

Victoria Quarter

Oaks on Hobson, 188 Hobson St, unit 802:
Features: 46m², fully furnished, air-conditioned 2 bedrooms, balcony; in hotel lease but owner has given notice to withdraw from that
Outgoings: rates $5837/year including gst; body corp levy $6916/year including gst
Outcome: sold for $281,500
Agent: Maryanne Wong

Attribution: Auction.

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Updated: Symonds St apartment + commercial sells, 3 other units passed in

Published & updated 18 October 2018
A unit in the rebuilt Glenside Terraces on Symonds St (pictured), combining upstairs apartment space & ground-floor commercial, was sold at City Sales’ auction yesterday.

3 other apartments were passed in – in the Focus on Anzac, Tower Hill and on Edwin St, Mt Eden.

Update: The Focus on Anzac apartment was sold conditionally the day after the auction, and negotiations were underway on the remaining 2.

CBD

Learning Quarter

Updated: Focus on Anzac, 99 Anzac Avenue, unit 5A:
Features: 62m², 2 bedrooms, parking space
Outgoings: rates $1827/year including gst; body corp levy $6577/year
Income assessment: $645-655/week; in management lease until 2020
Outcome: passed in at $505,000, sold conditionally post-auction, price undisclosed
Agent: Scott Dunn

Tower Hill, 1 Emily Place, unit 13I:
Features: 34m², fully furnished studio, deck
Outgoings: rates $1265/year including gst; body corp levy $2626/year
Outcome: no bid
Agents: Susan Frear

Glenside Terraces, 150 Symonds St, unit 16:
Features: 80m² apartment on 2 upper floors, 40m² ground-floor commercial, 2 bedrooms, 3 bathrooms, 2 parking spaces
Outgoings: rates $1832/year including gst for apartment, $273/year for parking; body corp levy $1927/year including gst for apartment, $315/year for parking
Income assessment: $675-725/week for apartment, $400-450/week commercial
Outcome: sold for $1.23 million
Agents: Jacob Hayward & Maryanne Wong

Isthmus west

Mt Eden

32 Edwin St, unit 93:
Features: 115m², 3 bedrooms, deck, parking space; $8 million has been levied this year for remediation of the building, code compliance certificate not yet issued but work on this unit completed
Outgoings: rates $1398/year including gst; body corp levy $1452/year
Income assessment: $680-750/week
Outcome: passed in at $710,000
Agent: Dahui Chen

Attribution: Auction.

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Hotel suite & Statesman unit sell

A hotel suite in the Amora and one of 2 apartments in the Statesman (pictured) were sold at City Sales’ auction yesterday.

The second Statesman apartment and a new unit in the Victoria Residences opposite the SkyCity casino were under negotiation post-auction.

A unit in Imperial Gardens, where remediation works are pending and a Remuera townhouse were passed in.

CBD

Learning Quarter

The Statesman, 1 Parliament St, unit G08:
Features: 80m² + deck, refurbished 2 bedrooms, 2 bathrooms, parking space
Outgoings: rates $2118/year including gst; body corp levy $5209/year
Outcome: passed in after GAVL online bid, under negotiation post-auction
Agent: Scott Dunn

The Statesman, 1 Parliament St, unit 307:
Features: 57m², 2 bedrooms, potential to lease parking long-term
Outgoings: rates $1691/year including gst; body corp levy $3691/year
Outcome: sold vacant for $572,000
Agent: Scott Dunn

Uptown

Amora, 100 Greys Ave, unit 6J (door 610):
Features: 33m², fully furnished studio, deck
Outgoings: rates $4000/year including gst, paid by hotel
Outcome: sold for $225,000 at short-notice auction (zero-rated for gst – in hotel lease expiring in 2021)
Agent: Dahui Chen

Victoria Quarter

Imperial Gardens, 135 Hobson St, unit 701:
Features: 3 bedrooms, 2 bathrooms, 2 parking spaces
Outgoings: rates $1420/year including gst; remediation imminent
Outcome: passed in
Agent: Haytham Nasr

Victoria St

Victoria Residences, 75 Victoria St, unit 1304:
Features: 62m² + 8m² deck, 2 bedrooms, 2 bathrooms
Outgoings: rates $1982/year including gst; body corp levy $4353/year
Income assessment: $800/week
Outcome: passed in at $840,000, under negotiation post-auction
Agents: Maggie Sun & Scott Dunn

Isthmus east

Remuera

7 Haast St, unit 2:
Features: cross-lease, half share in 625m², 3-bedroom townhouse, 2 covered parking spaces
Outgoings: rates $2885/year including gst
Outcome: passed in
Agent: Haytham Nasr

Attribution: Agency release.

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Propbd on Q Th4Oct18 – 5 sell in 12-lot apartments auction, 2 apartments sold at City Sales auction & 2 under negotiation

Welcome back Propbd on Q! It’s a while since I’ve run information in this section, but it will start to appear more frequently as you see a range of changes coming to The Bob Dey Property Report.

In general, Propbd on Q (hold your fingers over your nose to pronounce Property, and think of the centre of the universe, to Aucklanders – Queen St – where much of this website is written) contains an abbreviated version of items, with the detailed version to follow.

5 sell in 12-lot apartments auction

5 of the 12 apartments auctioned at Ray White City Apartments today were sold under the hammer, including 2 leasehold units in The Landings at Quay Park which were initially passed in when offered separately.

Another Landings unit was passed in, and 2 Zest units attracted little interest separately or together.

The Landings, 8 Ronayne St, unit 1002, leasehold, passed in after bid at $210,000 & vendor bid at $225,000; agents Dominic Worthington & Ady Huang
33 Mount St, unit 15A, sold for $390,000; Victor Liu
Kiwi On Queen, 421 Queen St, unit 211, sold for $420,500; May Ma & Mark Li
Pt Chevalier, Unitec student accommodation, 125 Carrington Rd, Building 310, door 9, leasehold, passed in at $2000 (multiple issues); James Mairs & Andrew Bond
The Landings, 8 Ronayne St, units 410 & 510, leasehold, passed in at $205,000 each when auctioned separately; sold for $450,000 when auctioned together; Dominic Worthington & Ady Huang
Metropolis, 1 Courthouse Lane, unit 1101, passed in at $402,000, Ron Yang & Adam Gurr
Zest, 72 Nelson St, units 415 & 214, unit 415 passed in at $155,000, unit 214 passed in at $160,000 when auctioned separately; when auctioned together, still passed in after bid at $300,000, vendor bid at $400,000; Victor Liu
Mt Wellington, Thompson Park Apartments, 8 Thompson Park Rd, unit 32, sold for $740,000; Steve King
Eden Terrace, Uptown on New North Rd, 83 New North Rd, unit GB, no bid; Andrew Bond
The Wakefield, 18 Wakefield St, unit 7F, no bid; Dominic Worthington & Ady Huang

2 apartments sold at City Sales auction, 2 under negotiation

2 apartments were sold under the hammer at City Sales’ auction yesterday, and another 2 are under negotiation post-auction.

Amora, 100 Greys Ave, unit 6J, sold for $225,000 (zero-rated for gst – in hotel lease expiring in 2021); Dahui Chen
The Statesman, 1 Parliament St, unit G08, passed in after GAVL online bid, under negotiation post-auction; Scott Dunn
Victoria Residences, 75 Victoria St, unit 1304, passed in at $840,000, under negotiation post-auction; Maggie Sun & Scott Dunn
The Statesman, 1 Parliament St, unit 307, sold for $572,000; Scott Dunn
Imperial Gardens, 135 Hobson St, unit 701, passed in; Haytham Nasr
Remuera, 7 Haast St, unit 2, passed in; Haytham Nasr

Attribution: Auctions.

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Ascent apartment sells

An Ascent apartment was sold post-auction by City Sales yesterday.

CBD

Victoria Quarter

Ascent, 149 Nelson St, unit 523:
Features: 52m², 2 bedrooms, deck, secure parking space, new code compliance certificate issued
Outgoings: rates $1343/year including gst; body corp levy $3830/year
Outcome: passed in at $401,000, sold post-auction, price undisclosed
Agents: Kerry Aitken

Attribution: Auction.

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Sebel unit at Viaduct sells

Published 7 September 2018
A unit in the Sebel, overlooking the Viaduct Basin, was sold at City Sales’ auction on Wednesday. A student accommodation unit in Tetra House was passed in.

CBD

Learning Quarter

Tetra House, 85 Wakefield St, unit 1111:
Features: 39m², one bedroom, 2 bathrooms
Outgoings: rates $1246/year including gst; body corp levy $5259/year
Outcome: passed in
Agent: Dahui Chen

Waterfront

Sebel, 85 Customs St West, door 110 (unit 104):
Features: leasehold, 58m², furnished one bedroom, deck
Outgoings: rates $1698/year including gst; body corp levy $10,662/year + ground rent $5876/year
Outcome: sold for $231,500
Agent: Kerry Aitken

Attribution: Agency release.

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Princes Wharf apartment passed in

A Princes Wharf apartment was passed in at City Sales’ auction today after 2 offers from the one bidder.

CBD

Waterfront

Princes Wharf, 137 Quay St, shed 19, unit 20:
Features: leasehold, 108m², 2 bedrooms, 2 bathrooms, deck, parking space
Outgoings: rates $4192/year including gst; body corp opex levy $13,753/year including gst, ground rent $16,157/year, parking space licence to occupy $818/year
Outcome: passed in at $275,000
Agent: Zen Low

Attribution: Auction.

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Avoka apartment sells

The one apartment auctioned at City Sales today, a unit in the Avoka building off Karangahape Rd, was sold under the hammer at just over $3000/m² internal. The building has remediation works pending.

CBD

Uptown

31 Day St, unit 8C:
Features: 60m², one bedroom, deck
Outgoings: rates $3185/year (commercial rating) including gst; body corp levy $8413/year including gst
Outcome: sold for $182,500
Agent: Susan Frear

Attribution: Auction.

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Update: C-Vu & Statesman units sell, then 4 others passed in

Published & updated 26 July 2018
The first 2 apartments on City Sales’ auction list yesterday, in C-Vu & the Statesman (pictured), were sold but the remaining 4 were passed in. The uncertainty of pending remediation works reduced bidding on 2 of them, in the Memphis & Imperial Gardens.

2 units in C-Vu were up for auction, following completion of remediation but before issuing of the code compliance certificate. Update: The second of those 2 units has been sold post-auction, price undisclosed.

The Statesman studio was by far the most popular unit, attracting 6 bidders.

CBD

Learning Quarter

Bankside, 8 Bankside St, unit 9E:
Features: 30m², fully furnished one bedroom, deck
Outgoings: rates $1149/year including gst; body corp levy $4278/year after prompt payment discount
Income assessment: $370-410/week
Outcome: passed in at $235,000 + gst
Agents: Haytham Nasr & Tony Kelly

The Statesman, 1 Parliament St, unit 1311:
Features: 30m² studio, deck, secure storage
Outgoings: rates $1304/year including gst; body corp levy $2652/year after prompt payment discount
Income assessment: $400-420/week
Outcome: sold for $355,000
Agent: Scott Dunn

Uptown

C-Vu, 36 Day St, unit 5A:
Features: 26m², one bedroom, deck, remediation completed, code compliance certificate still to be issued
Outgoings: rates $810/year including gst; body corp levy $2388/year
Outcome: sold for $264,000
Agents: Haytham Nasr & Trisha Shanaghan

Updated: C-Vu, 36 Day St, unit 12H:
Features: 43m², 2 bedrooms, deck, remediation completed, code compliance certificate still to be issued
Outgoings: rates $1052/year including gst; body corp levy $3950/year
Income assessment: $460-500/week
Outcome: passed in at $391,000; sold post-auction, price undisclosed
Agent: Trisha Shanaghan

Victoria Quarter

Imperial Gardens, 135 Hobson St, unit 717:
Features: 51m², 2 bedrooms, 2 bathrooms, deck, parking space
Outgoings: rates $1188/year including gst; body corp levy $5049/year, building about to undergo remediation
Income assessment: $560-595/week
Outcome: passed in at $220,000
Agents: Haytham Nasr & Maggie Sun

Isthmus west

Eden Terrace

Memphis, 4 Rendall Place, unit 4C:
Features: 61m², 2 bedrooms, deck, 2 parking spaces, storage locker
Outgoings: rates $1592/year including gst; body corp levy $4863/year
Income assessment: $420/week current, appraisal $560-590/week
Outcome: passed in at $400,000
Agent: Maggie Sun

Attribution: Auction.

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