A steady stream of million-dollar leasehold properties are being abandoned in Auckland's well-heeled Greenlane as ground rents skyrocket in tandem with the city's frothy property market.
The latest signs of stress in the suburb beneath One Tree Hill came when a five-bedroom two-building property with a rateable value of $1.58 million at 24 Maungakiekie Ave failed to secure a single bid at auction on Wednesday night.
The property, on leasehold land owned by the Cornwall Park Trust, is subject to annual ground rent Sunday Star-Times understands to be $46,750.
Just two years ago - before a 21-year review was triggered - ground rent for the property was only $7750 a year.
............作者: 游客 时间: 2013-10-25 14:56:25