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Addison

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Property Summary


Property Name:                     Addison

Location:                                 Takanini, Auckland, NZ

Type:                                        House & Land

Expected Completion:         Late 2008

Tenant Profile:                       Mainly families




PROJECT DESCRIPTION  

Addison is located in a distinctive and vibrant neighborhood comprising of homes, townhouses and apartments with parks, recreation and shopping areas in the sought after area of Papakura.

The Addison Master Plan was created by award-winning urban designers who favored community, security and park-like open spaces. The neighborhood sits right next to Bruce Pulman Park. Parkways throughout the development have resulted in a neighborhood rich in trees and wide open spaces.


PROJECT FEATURES

  • A mixture of stylish homes with good sized sections and quality townhouses.
  • 7 year Master Builder's Guarantee.


INVESTMENT OUTLOOK

Capital Growth:         

  • Should perform extremely well over the medium to long term with the creation of over 3000 local jobs near the project.
  • Stage 3 is a perfect time to invest because people can finally touch and feel the quality, amenity and lifestyle that Addison offer residents (with stage 1 and 2 now complete) which should drive increased demand and fuel further price growth which should occur naturally in later stages of the Estate.

Rental Return:

  • 5% p.a. gross approx


"X" FACTORS / KEY GROWTH DRIVERS

  • Influx of new educational infrastructure and resources - Four co-educational state schools costing more than $92 million will be built in Takanini over the next 15 years.
  • The region's Takanini Structure Plan expects 3000 new jobs to be created within the immediate Takanini area between now and 2020 - the majority of which will be very close to Addison.


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