36 | T T to page 38 Safari Group - Augustus Park Parnell T T Karen Phelps Opportunity knocks in trendy Parnell DEVELOPMENT The recently opened La Quinta Parnell hotel by Wyndham, alongside its residential counterpart Augustus Park Parnell, is offering investors a unique opportunity to diversify their portfolios in Parnell, one of Auckland’s most desirable locations. “The views are amazing up on the top levels, overlooking the city, Rangitoto, Devonport, and the ports,” says Safari Group senior development manager Josh Van Veen. “There are also fantastic views directly up Parnell Road and Fraser Park on the Southern Elevation.” The 10-level, 117-unit development, located at 2B Augustus Terrace, is a testament to modern urban living and strategic investment. La Quinta Parnell, which opened its doors in June, occupies the first three levels of the building and boasts 54 contemporary furnished hotel rooms with modern amenities. The hotel’s prime location near Spark Arena positions it to capture strong demand from both business and leisure travellers, says Josh. This marks the second La Quinta property in Auckland and the third in New Zealand. Josh says that for those looking to step into commercial property investment, La Quinta Parnell offers an attractive entry point. The units are freehold commercial properties with leases already in place, tenanted by Safari Hotels, a company recognised for its reliability and excellent service in New Zealand’s accommodation sector. Above the hotel, Augustus Park Parnell presents another investment avenue with its 63 residential units spread across levels four to 10. The development offers a range of options, including studio, one-bedroom, and two-bedroom apartments. Josh says that two-bedroom apartments are popular, especially the ones on the top floor. “With a large living area, big windows, and high-spec kitchen and bathrooms, they are thoughtfully designed to be convenient and cosy. Plus, you can see the best views of the city from the balconies.” Josh says that Augustus Park Parnell has been designed with quality and comfort in mind. Outline Design has crafted interiors that maximise both style and liveability. High-end finishes include LVT flooring, engineered stone benchtops in kitchens, and imported tiles in European-styled bathrooms. The 10-level, 117-unit development is a testament to modern urban living and strategic investment. Photo: Tina Haresnape
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