Wholesale Property

147 Nelson ST, AUCKLAND CBD, Apartments

• Brand new high quality apartments in previously sold out project.

  • Stage 1 – Prima (Union Street) -  all sold and occupied 

  • Stage 2 – Centro (Middle of Union St & Nelson St) – all sold and occupied

  • Stage 3 – Altro – (Nelson St) all sold an occupied last year.

• These new Altro units are on the ground floor and 13th floor after the developer changed the commercial space to residential.

• Unique chance to buy yields of up to 5% in the middle of Auckland CBD location that suits unfurnished and furnished.

• 16 x 1.5, 2 & 3 bedroom apartments for sale in final stage of project.

• Prices: 1 bed/1 study $615k - $649k, 2 bed $729k, 3 bed $845k - $895k

• 77% of dwellings in this suburb have 1-2 occupants and 17% have annual household income of $100k+

• This newly completed project is located within walking distance to the CBD, Victoria Park and Karangahape road. Bordering suburbs are Ponsonby, Grey Lynn and Freemans Bay. It is ideally located for shopping, transport, entertainment and schools.

AUCKLAND CBD APARTMENT MARKET PERFORMANCE

Market data sources: Real Estate Investar, Tenancy Services, REINZ, One Roof

Note: Cost to own and cashflows are approximate examples only. Actual results achieved will vary based on purchase price, interest rate, deposit %, providing carparks, providing furniture, insurance, property rates and rental rate.

PRICE AND AVAILABILITY SUMMARY

Note: The NSA/Net Sqm/Int. SQM area is calculated from the mid-point of the inter-tenancy wall to the external face of the façade as per PCNZ Guidelines.

ADDITIONAL DOCUMENTS

• Property Investors 1-bed forecast unfurnished

• Property Investors 2-bed forecast unfurnished

• Property Investors 3-bed forecast unfurnished

• First Home Buyers 1-bed forecast

• First Home Investors 2-bed forecast

• Property investment 1 page snapshot

• Rental appraisals

• Layout and floor plans

• Specifications

• Building footprint plan

PROJECT OVERVIEW

An Urban Oasis

SugarTree’s oasis spaces give you escape from the frenetic pace of a city lifestyle. Access the peace of being surrounded by lush, green foliage, the pure joy of feeling grass underfoot. SugarTree is centered around an immaculate courtyard – a landscaped area with stately trees and sculptural water features. Green spaces are scattered throughout the development, so you can find your favourite place – your very own secret garden.

Living In Style

Each apartment has been designed to maximise views and living space. Generous windows bathe the apartments in natural light by day and surround them in the city lights by night. North facing apartment’s captures premium harbour views while west facing balconies enjoy views of our SugarTree landscaped gardens – a unique find in the city.

Urban Village

SugarTree has embraced community living in such a central location offering more than a one dimensional development. Endless choices for guests and residents. SugarTree’s expert design will create a sophisticated urban community with retail on the ground level and apartments above. Boutique stores, bars, eateries and creative double stud height retail and commercial spaces with a central courtyard walkway from Union Street to Nelson Street. Amenities already include popular franchises such as and Pepitos Spanish Tapas bar.

The Best Of Both Worlds

SugarTree neatly bridges the fringe suburbs of Ponsonby, Grey Lynn and Freemans Bay with the hub of the inner city.  You’re at the very heart of it – but in a way that allows you to escape, pause and take a breath. Here, you can easily enjoy all that these neighbourhoods have to offer. Whether it’s joining friends down at the vibrant waterfront, stocking up on the latest in art and design at the Victoria Park Markets, treating yourself to the latest fashions in Ponsonby or going for a walk through Western Park, SugarTree puts you right at the heart of the best Auckland has to offer.

The finish

Sophisticated finishes and high-quality fittings complement your taste. European appliances and a mixture of stone and stainless-steel benchtops are incorporated into the kitchens, while bedrooms are well proportioned and home to ample wardrobe space, making them more than a place to sleep. Forget the commute home and immerse yourself in the SugarTree lifestyle with all that you need at your very doorstep. There is so much freedom in living close to all your favourite destinations.

AUCKLAND OVERVIEW

Auckland home buyers need to get in quick - city house prices could leap to record highs by this time next year, one property pundit predicts. Infometrics economist Paul Barkle says that while Auckland house prices have stagnated for close to two years they are set for an almost 10 per cent jump next year followed by sustained increases through to mid-2022. Behind the forecast price rise is an acute shortage of houses. By Barkle’s estimate the city needs at least 45,000 more homes. But the news is not so rosy for homeowners outside the Super City, with national prices poised to ease next year from current record highs.

“By the end of next year we expect house prices in Auckland to be 9 per cent higher than in December 2018 compared to a slight decline in national prices of roughly 1 per cent over the same period,” Barkle said. Should Barkle’s forecast play out, it would push Auckland property values to new highs. Last month, the city’s median price reached $867,000 - or 3.7 per cent below the record price of $900,000 set in March 2017, according to the Real Estate Institute of NZ.
(Exert from Article originally appeared on nzherald.co.nz on December 29, 2018)