Specialist buoyed by city centre sales

An Auckland apartment specialist is seeing rising interest from owner-occupiers and has sold two places before auctions.

City Sales last week sold nine apartments: seven at an auction, one before and one afterwards.

Mike Richards, sales manager, said last Wednesday's auction produced encouraging results.

He said a rising number of bidders were owner/occupiers looking to buy into and then live in blocks they liked such as Metropolis.

"The auction produced encouraging signs, given the economic climate, aside from a clutch of Heritage Farmer studios under hotel management which were all passed in although we have subsequently sold one for $100,000 plus GST," he said.

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Posted: 4 Dec 2008

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