| 15 DEVELOPMENT Safari Group - The Residences Ellerslie Quality centre stage at The Residences Karen Phelps The development is now over 80% sold and on target for completion in the third quarter of 2023. to page 16 Built on an enduring reputation for superior quality, value and service, KnK is a leading NZ architectural hardware supplier for over 25 years with five showrooms providing an excellent backdrop of our extensive range and sales representatives nationwide. 24C Allright Place, Mt Wellington, Auckland PH: 09 2766242 E: auckland@hcf.co.nz www.hcf.co.nz Hills Commercial Floors. Proud to have our customers walk all over us. Construction is progressing well on The Residences at Central Park and LQ Ellerslie, Safari Group’s largest current mixed used project. Safari Group marketing manager Laura Perez says that despite the pandemic related material cost inflation and supply constraints, Safari Group has ensured that purchasers will never need to pay more than the price they agree to so people can purchase with security. This is because Safari Group controls all aspects of the development process, from acquisition and permitting through to sales, marketing and construction. Laura says that it is this comprehensively integrated approach that guarantees all its projects are effectively and efficiently managed, every step of the way. The development is now over 80% sold and on target for completion in the third quarter of 2023. Laura says that the government’s policy announcements, which have included an extension to the bright-line test period for existing properties to ten years and removing interest deductibility on existing rental investment property, has pushed investors towards new builds and The Residences at Central Park has seen strong demand. A virtual reality headset is available for people to do a ‘walk through’ and there is a sales suite on site. The Residences at Central Park offers studio, one bedroom, two bedroom and dual key residential apartments. A dual-key property is particularly attractive to the savvy investor, says Laura. It comprises a studio plus a one-bedroom apartment. Each has its own kitchen and access thanks to a shared entry space. This gives an investor a lot of options, says Laura. “They can live in one and let the other out on a short, or a long-term basis, or let both. The dual space can also be utilised as one home if desired.” With interiors designed by Outline Design, intuitive layouts to the smallest design details have been thoughtfully considered. “Every element of the interiors has been considered to maximize comfort and style, contributing to the unsurpassed liveability and lifestyle offered by The Residences at Central Park,” says Laura. Quality has been at the forefront. For example all apartments have LVT flooring and engineered stone bench tops in the kitchens. The European-styled bathrooms include imported tiles. The philosophy of quality also of course extends to the building structure, which is solid steel framing and concrete floors rising from concrete piles anchored into the basalt rock below. The exterior is clad in a unitised curtain-wall façade system resulting in a great architectural look, generous light via plentiful glazing and is also weather tight, thermally and acoustically sound. The project includes a rooftop amenity garden accessible only for residents, restaurant/ café on the ground floor and a gym. The LQ Ellerslie Hotel aspect of the project will offer 103 fully furnished hotel units, which also make great investments, says Laura. As commercial properties they remain unaffected by the recent government property tax changes, and prices for these units start at $252,680 with an annual gross return of $15,000.
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