A Remuera property sold at auction yesterday is one of the most expensive apartments in New Zealand.
The three-bedroom 356 sq m apartment in the Kingsbridge complex on Remuera Rd was sold by Bayleys for $8.7 million. It boasts floor-to-ceiling windows with views across the Waitemata Harbour to Rangitoto.
The previous record for the most expensive apartment is understood to have been a luxury penthouse in Auckland's Metropolis Tower, which sold in 2014 for $7.85 million.
"The auction room was full, there was a lot of interest in the property but there were two bidders who were quite focused," said Bayleys real estate agent Gary Wallace.
The bidding opened at $5 million but "raced through" to $8.7 million.
"It was quite amazing."
The apartment has four toilets, three bedrooms, all with ensuites, a powder room, butler's pantry and a dressing room, and three-car internal garaging.
It is understood the new owner intends living in the apartment.