Lakewood Plaza in Auckland

Name: Sales in Lakewood Plaza started!
Start: 2022-08-16T10:16:18.452697+00:00
End: 2023-12-31T23:59:59+0000
Location: Lakewood Plaza

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Construction

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Project info

Object ID: 21689

Finished at	December 2023
Price, m²	From 6200$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 63.00 m²
Floors	16
Apartments	151
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Underground parking Fitness Pool Commercial area Kids playground Near school Near kindergarten Near supermarket Near hospital
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Return on investment for apartment

with price

10,110$

Rental income

1,103$

Management

689$

Utilities

505$

5% Income tax

7,813$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	22%	7	40$	280$
February	28	28%	8	40$	320$
March	31	16%	5	42$	210$
April	30	16%	5	50$	250$
May	31	38%	12	50$	600$
June	30	66%	20	55$	1100$
July	31	80%	25	90$	2250$
August	31	80%	25	90$	2250$
September	30	53%	16	75$	1200$
October	31	51%	16	50$	800$
November	30	33%	10	40$	400$
December	31	32%	10	45$	450$
Total	365		159		10110$
Average		42%		55$

Total invested

390,600$

Net profit

7,813$

Payback period

38.6 years

Avg property value increase per year

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Promos and discounts for Lakewood Plaza

About the project

Lakewood Plaza comprises 151 intelligently designed apartments offering a dynamic range of accommodation options unmatched in New Zealand’s market. This includes 91 dual key two bedroom apartments, 56 two bedroom premium suite apartments and 4 luxurious penthouses, each enjoying panoramic views of the city and the Auckland coastline.

From the architecture of the building, right down to the make and material of the furniture, we’ve paid constant and acute attention to each detail of the Lakewood living experience. At each point of this process the end user is at the forefront of our thinking, because while we are developers, we’re investors too.

Lakewood Plaza is situated in the dynamic hub of Auckland’s Southern Corridor, Manukau City. From retail and cuisine to entertainment and adventure, Manukau is fast evolving into one of New Zealand’s most exciting places to live, work and grow.

The vibrant hub of the Southern Corridor is currently the subject of huge infrastructure investment in transport, tertiary education and more. The suburb presents investors and home buyers with an opportunity unmatched in the Auckland market, where affordability and rapid growth feature substantially.