After making a lively start to the New Year over the last couple of weeks, the main Auckland apartment auction was a bit quieter this week.
Just four apartments were on offer at Ray White City Apartments' auction, a studio in the Heritage Tower on Nelson Street, two units in The Quadrant building near the High Court and a three bedroom apartment in Grey Lynn. (Details of all the properties offered and the prices achieved are available on our Residential Auction Results page).
The studio in the Heritage Tower (pictured) was at the top of the Order of Sale. It came with a balcony but didn't have a great view, had a floor area of 36 square metres, was furnished and had a management contract to the Heritage Hotel due to expire next month.
Several buyers were keen on this unit and bidding was spirited. Towards the end auctioneer Ted Ingram was accepting rapid fire bids in $1000 increments before it was sold under the hammer for $306,000 plus GST (if any).
But the bidding was a lot quieter on the two units in The Quadrant building, with each attracting just a single bidder before being passed in.
And although there were multiple bidders for the Grey Lynn apartment, it was also passed in for sale by negotiation.
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