City Sales sold three quarters of the apartments at its latest auction but bidders weren't keen on a leasehold unit in Parnell

The view from the balcony of the Heritage Tower apartment that sold for $612,000.

There was competitive bidding on three of the four apartments put up for auction this week by City Sales. However, a leasehold apartment in Parnell was passed in when the only bid for it was made by the auctioneer on the vendor’s behalf.

The bidding was particularly keen for a large one bedroom unit in the Heritage Grand Tower and it sold for $612,000 even though it had outgoings of $13,529 a year.

See below for the full results:

  • 1006/22 Nelson St. Heritage Tower building. A 72 square metre, one bedroom, fully furnished unit with a car park and balcony. Vacant. There were multiple bidders and it sold under the hammer for $612,000. Rates were $4099 and the body corporate levy $9430. The agents were Lucy Piatov and Chris Bell.
  • 1E/11 Charlotte St, Eden Terrace. Memphis building. A 60 square metre, two bedroom unit with two car parks. Vacant. There were multiple bidders and it sold under the hammer for $460,000. Rates were $1376 and the body corporate levy $4307. The agents were Ivan Tvrdeich and David Brooksbank.
  • 101/149 Nelson St. Ascent building. A 39 square metre, one bedroom unit. Rented at $320 a week.  The building has been under remediation and some of this work is not yet completed. It was offered for sale on an “as is” basis. There were multiple bids and it sold under the hammer for $240,000. Rates were $953 and the body corporate levy $2553. The agents were Lucy Piatov and Chris Bell.
  • 201/86 The Strand, Parnell. Mirage building. A 90 square metre, three bedroom, two bathroom unit with two car parks. Leasehold. Vacant. When there was no opening bid the auctioneer made a vendor bid of $290,000 and when there were no further bids it was passed in. Rates were $1693 and the body corporate levy $17,941. The agent was Steve Roberts. 

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