Teal in Auckland

Name: Sales in Teal started!
Start: 2022-08-24T06:47:46.131070+00:00
End: 2023-12-31T23:59:59+0000
Location: Teal

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Project info

Object ID: 21826

Finished at	April 2023
Price, m²	From 8500$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 80.00 m²
Floors	4
Apartments	26
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Near hospital
Personal discount certificate 300$
Free consultation	Ask a question

Return on investment for apartment

with price

10,605$

Rental income

1,103$

Management

689$

Utilities

530$

5% Income tax

8,283$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	50$	250$
February	28	21%	6	50$	300$
March	31	16%	5	55$	275$
April	30	16%	5	60$	300$
May	31	32%	10	60$	600$
June	30	60%	18	70$	1260$
July	31	80%	25	95$	2375$
August	31	80%	25	100$	2500$
September	30	46%	14	75$	1050$
October	31	45%	14	60$	840$
November	30	30%	9	50$	450$
December	31	29%	9	45$	405$
Total	365		145		10605$
Average		39%		64$

Total invested

680,000$

Net profit

8,283$

Payback period

64.1 years

Avg property value increase per year

Open ROI calculator

Promos and discounts for Teal

About the project

A boutique complex with 26 luxury apartments overlooking the Orakei Basin.

Teal is a boutique apartment complex offering one, two and three-bedroom apartments, and penthouse suites.

Nestled on a unique promontory site at the end of Purewa Road, Meadowbank, this unique complex offers peaceful living right on the shoreline of the Orakei Basin. Only four storeys high, the building accommodates 26 design-led, luxury apartments with stunning water and valley views.

Developer

McConnell Dowell merged with Hawkins Holdings Limited in 1983 – at the time one of New Zealand’s largest construction companies. This merger…
Details about McConnell Property