A waterfront Auckland apartment has sold for $20,000. The one-bedroom-plus-study unit in the Scene One complex has a large deck, is tastefully decorated and has uninterrupted views across the harbour. READ MORE:* Apartment with plummeting value shows problems of leasehold land* Auckland sellers told: Don't hold on for better prices* Auckland apartment market forecast to rise againBut while it looks like a bargain at face value, there are some catches. Director Martin Dunn said it was bought by the owner of another apartment in the building who understood what was involved. Earlier this year, an apartment in nearby Scene Three sold for $65,500 after its owners bought it for $280,000 in 2014.

Source: Stuff July 04, 2019 09:17 UTC