City apartments under the hammer

Nine Auckland apartments go under the hammer at auction today.

City Sales will sell the units at Hopetoun Alpha on Beresford Square at 12.30pm.

Mike Richards, sales manager, said the units on offer included a two-bedroom Princes Wharf apartment and two Railway Campus units at Quay Park. Both are being auctioned with a nil reserve.

The Railway Campus block is being repaired but Richards said bidding last week for three other units there was strong. "All were marketed and sold with zero reserves. Prices achieved since the Auckland University management announced termination of their interest have been surprising as buyers realise they can now buy apartments with vacant possession.

To read the full NZ Herald story click here

Posted: 17 Dec 2008

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