Six of the eight Auckland apartments on offer at this week's Ray White City Apartments auction were sold under the hammer, with two passed in for sale by negotiation with their bidders.
A notable feature was that four of them sold at prices that were well below the prices they had been purchased for during the last apartment building boom.
The full results of the auction are below:
GE/30 Heather St, Parnell. A 95sq m, three bedroom apartment with a car park and courtyard garden.There were multiple bidders and it sold under the hammer for $572,000, compared to its latest rating valuation of $695,000. According to QV.co.nz the unit previously sold for $505,000 in 2006. The agent was Dominic Worthington.
916/135. Hobson St. A 51sq m, two bedroom, two bathroom unit sold under the hammer for $210,000. According to QV.co.nz the unit was last sold for $300,000 in 2006. The agent was Victor Liu.
6e/2 White St. Bianco building. A furnished one bedroom unit rented at $450 a week. Sold under the hammer for $225,000. According to QV.co.nz it was previously sold for $355,000 in 2007. The agents were Mitch Agnew and Damian Piggin.
5/55 Mahuhu Cres. Brownstone building. A 133sq m, leasehold unit with three bedrooms, two bathrooms and a tandem car park. Passed in for sale by negotiation with a highest bid of $420,000. The agent was Lorraine Garnett.
305/152 Hobson St. A 54sq m , one bedroom unit. Passed in for sale by negotiation with a top bid of $320,000. The agents were Adelle Keane and Krister Samuel.
2f/121 Newton Rd. A 59sq m, one bedroom unit with car park. There were seven people bidding for the property and it sold under the hammer for $365,000. According to QV.co.nz it was last sold for $245,000 in 2011. The agent was Donald Gibbs.
102 & 206/188 Hobson St. Two x 2 bedroom apartments, each with a balcony, both leased to the Oaks on Hobson hotel. One sold for $160,000 and the other for $168,500. According to QV.co.nz, one was previously sold for $231,720 in 2004 and the other for $238,800 in 2004. The agent was Dominic Worthington.
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