DEVELOPMENT PROJECT: SAFFRON
DEVELOPER: SANCTUARY GROUP
TENURE: Freehold
LAND AREA: 660sqm
EXPECTED COMPLETION: Year 2014
THE DEVELOPMENT
- Adjacent to Queen Street, the shopping district of Auckland (similar to Orchard Road in Singapore)
- Tallest Residential Apartment in New Zealand
- Panoramic views of the CBD, West Haven Marina & Harbour Bridge
- On-site Management Team
- State-of-the-art multi-level Electronic Car Park Stacker (Car Retrieval approximately 80 seconds)
- The Iconic Sky Tower is two blocks south of Saffron
UNIT FEATURES
- New York Loft units with High Ceiling as high as 15ft (5.5m)
- Professional Suites
- Restaurant
- Full-Height glass with Spectacular View
- European Designed Furniture Packages
FACILITIES
- Pool
- Spa & Sauna
- Function Suite
- Fully Equipped Gymnasium
AMENITIES
Strategically located within the Auckland CBD, the Saffron is situated in close proximity to;
- Retail District ‘Queen Street’ (which is similar to Singapore’s Orchard Road)
- Viaduct Harbor with a large variety of Restaurants, Entertainment and Lifestyle outlets
- The Iconic ‘Sky Tower’ located two blocks south of Saffron
SECURITY
- Video Surveillance System
- Controlled by Electronic Card System to Entrances, Lifts and Apartments
DEVELOPMENT UNITS
45 Levels of 149 spacious units comprising of
- 84 One bedroom Loft Apartments plus deck
- 60 Two bedroom Apartments plus deck
- 2 One bedroom Apartments
- 3 Penthouses
| Description |
No. of Units |
Size in Sqft |
Size in Sqm |
Price Range (NZD) |
| One Bedroom Loft |
84 |
538 |
50 |
400,000 to 516,000 |
| Two Bedrooms |
60 |
700 |
65 |
681,000 to 731,000 |
| Penthouse |
3 |
2432 |
226 |
CAR BAYS: 96 Lots – 54 lots available at NZ$88,000 per lot
(priority will be given to 2 Bedroom Purchasers)
STORAGE UNITS: 116 Storage (3m²) – 57 storage available at NZ$10,000
Outgoing Expenses
Per Annum Body Corp Operation Management CC Rate
1 Bedroom Loft NZ$4,500 NZ$1,800 8% of Rental NZ$1,325
2 Bedrooms NZ$6,000 NZ$2,400 8% of Rental NZ$1,750
PAYMENT SCHEDULE
Initial Deposit 20% of Purchase Price
Balance Payment 80% of Purchase Price upon Completion
LEGAL & FINANCIAL
Initial Fee NZ$500.00 Upon signing of Contract of Sale
Balance Fee N$$1,500.00 Upon Completion (includes Finance and Handling process)
PROMOTIONAL PACKAGES
1) 7% Rental Guarantee for 2 years (Gross)
2) 4% Rebate on Deposits during Construction period, paid at Settlement/Completion
3) Free Air-Ticket for first 10 Purchasers
FINANCE PACKAGES
1) Finance in SGD or NZ$
2) Average 70% P + I Term Loan
3) Funding from various New Zealand & Local Banks
4) Current Interest Rates in NZD 4.5% / SGD 2.5%
