12m luxury apartment block up for grabs as developers cut their losses
The developers of a $12 million luxury apartment block in Auckland have put the entire site on the market for sale, after failing to find buyers for the individual units. The owners of 719 Remuera Road, on the border of Remuera and Meadowbank are prepared to sell at a loss, amid turmoil in the wider residential development market in the city.
Read more: - Crippling losses for amateurs who gambled on $2m house purchases in South Auckland - $ 12m luxury apartment block up for grabs as developers cut their losses - Glamorous Wellington townhouse at centre of $10m reno rumour sells for confidential sum
Jock Kooger on LinkedIn
$ 12m luxury apartment block up for grabs as developers cut their losses oneroof.co.nz 13 4 Comments
Let's pretend the developer actually completed the project. Then what? You're expecting someone to pay beyond meadowbank peak median house prices to share walls and ceilings and have your upstairs neighbours park their car straight outside your window while having the front window 5 meters away from rem road.
Buyer snaps up entire Auckland apartment block as developers cut their ...
An entire luxury apartment block in one of Auckland's most affluent neighbourhoods has sold, OneRoof can reveal. The owners of 719 Remuera Road, on the border of Remuera and Meadowbank, had put the entire site on the market for sale in March this year after failing to find buyers for the individual units. The developers had been prepared to sell at a loss, amid turmoil in the wider residential ...
The developers of a $12 million luxury apartment block in Remuera have put the entire finished building and site on the market and expect to sell for a loss, after failing to find buyers for the individual units oneroof.co.nz
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