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The Yard

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Property Summary


Property Name:                     The Yard 

Location:                                 Mt Eden, Auckland

Type:                                        Apartments

Expected Completion:         Early 2009

Tenant Profile:                       Professionals and families with school 
                                                   age children




PROJECT DESCRIPTION  

"THE YARD" features 98 one, two and three bedroom freehold apartments together with a comfortable lounge style cafe to enhance the main entrance. Comprising five levels of apartments including two levels of basement car parking "THE YARD" is a stunning example of vibrant urbane living on the city fringe, conveniently positioned close to popular shops, drinking establishments, the Mt Eden railway station and the tranquil parkland of Mt Eden domain, whilst also in the "Grammar" School Zone.


PROJECT FEATURES

  • Kitchens are 'user friendly' with the design making preparation and storage easy. Entertaining is a smooth operation with the island acting as a hub. The base materials, imported Spanish porcelain - combined with practical, stylish granite countertops - ensure the base of your new home and investment is enduring. 
  • The two apartment blocks are linked both physically and visually by a generous podium courtyard. The paved atrium includes hard landscaping, seating benches and modern lighting beautifully complimented by the use of a variety of recycled timbers throughout the common areas creating an attractive leisure space to enhance the ambience of the central atrium.


INVESTMENT OUTLOOK

Capital Growth:         

  • Families and professionals across town continue to flock to Mt Eden, drawn by the grammar schools and many other private schools, proximity to the city and the desire to be within the Grammar Zone with houses commanding hefty premium.

Rental Return:

  • 1 bedroom: $375 - $400pw (approx)
  • 1 bedroom plus study: $425 - $450pw (approx)
  • 2 bedroom: 4525 -$550pw (approx)
  • 3 bedroom: $575 - $600pw (approx)


"X" FACTORS / KEY GROWTH DRIVERS

  • Undersupply of quality new apartments in this highly sought after Grammar School Zone.


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