Good bidding on some apartments, not much interest in others

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This two bedroom apartment sold at mortgagee auction for $477,000.

It was a mixed bag at this week’s main Auckland apartment auctions with just over a third overall selling under the hammer.

At Barfoot & Thompson’s regular apartment auction two properties were on offer, a two bedroom unit in the fashionable Silo building on Emily Place, and a terraced house in Parnell.

The Silo apartment was spread over two levels and came with a car park, but was passed in without receiving any bids.

The Parnell terraced house was a leasehold unit with three bedrooms and an internal access garage and had recently had remediation work completed and received a new Code Compliance Certificate.

It received a single bid of $175,000 and was also passed in.

At Ray White City Apartments, six units were on offer, including the mortgagee sale of a two bedroom unit in the Celestion building on Anzac Ave, a large one bedroom unit with a large balcony and a car park overlooking Myers Park in the Oasis building on Poynton Place, and a leasehold unit in the Q Central building on City Road.

One of the units on offer, in The Quadrant building near the High Court had its auction postponed until next week and of the remaining five, four attracted multiple bids, one attracted a single bidder, and by the end of the auction three had sold under the hammer and two were passed in for sale by negotiation.

Details of the properties offered at both auctions and the prices achieved on those that sold are available on our Residential Auction Results page.

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