The Residences at Central Park in Auckland

Name: Sales in The Residences at Central Park started!
Start: 2022-08-22T06:59:28.178307+00:00
End: 2023-12-31T23:59:59+0000
Location: The Residences at Central Park

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Project info

Object ID: 21809

Finished at	September 2023
Price, m²	From 11400$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 35.00 m²
Floors	13
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Commercial area Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Return on investment for apartment

with price

8,078$

Rental income

1,103$

Management

689$

Utilities

403$

5% Income tax

5,883$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	25$	225$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		193		8078$
Average		52%		37$

Total invested

399,000$

Net profit

5,883$

Payback period

49.4 years

Avg property value increase per year

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About the project

A boutique collection of studio, one bedroom, two bedroom and dual key apartments. Located in vibrant Ellerslie, allowing easy access to all that Auckland has to offer. In both form and function, The Residences at Central Park does a lot. Designed for ultimate usability and efficiency, these apartments are the perfect spaces for connected living.

Located in vibrant Ellerslie, The Residences provide easy access to all that Auckland has to offer.

With ease of access to Auckland’s motorway network, and a 5 minute walk to the Ellerslie train station, The Residences at Central Park provides a very well connected base. From Ellerslie train station, you can be in Newmarket in 8 minutes or downtown Auckland in just 15 minutes, without the stress and delay of sitting in traffic.

Developer

Our story begins back in the mid-nineties, when Robert Neil and Stephen Taylor (two licensed builders) joined forces to form Safari Group. H…
Details about Safari Group