Property Name: Flax Ridge Location: Sunnyvale, Auckland, NZType: 3 bed, 2 bathExpected Completion: Dec 2009 / Jan 2010Tenant Profile: Professionals and families with school age children
Flax Ridge is an innovative residential unit title development comprising of 49 townhouses across 2 stages. These dwellings have been designed for modern urban living. Large relaxing decks facing due north, stylishly designed to maximize use of space for owners & occupiers alike.
Capital Growth: Sunnyvale’s population is predicted to increase by 2,700 people between 2001 and 2021. It is a solid, established area with strong appeal to residents because of its proximity to Henderson City centre, Auckland CBD and surrounding infrastructure. A large employment increase is also possible as the area includes the industrial area of Heremai Street which has a large vacant and redevelopment capacity close to the Henderson city centre.. Rental Return: Approximately $400 - $450 per week.
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