SugarTree is a freehold apartment development fronting Union and Nelson Streets in Auckland’s desirable Freemans Bay/CBD area.
It focuses on the essential ingredients that are required to create a community of residents within a city.
High quality designed luxurious apartments mixed with spacious landscaped gardens and retail, allowing residents to live, work, socialize and entertain all in their own unique neighbourhood, whilst staying in touch with nature.
Prima Apartments
Stage 1, “Prima” has 10 apartments available.
There are some great two-bedroom, two- bathroom apartments available from $489,000 – $589,000, some with harbour views and some with westerly/sunset views over Ponsonby.
There is also a studio perfect for investment and has fantastic westerly views on level 10 at $309,000.
Residents will be able to walk from Union Street, through the retail plaza on the ground level to Nelson Street on the eastern side of SugarTree.
Centro Apartments
“Centro”, Stage 2 of SugarTree has also been selling quickly, with over 1/3 sold.
This stage has one, two and three bedroom apartments set for completion in mid-2016. These range from $315,000 for a one-bedroom on level 1 to $921,000 for a three-bedroom apartment on level 12.
Some of the one-bedroom and three-bedroom options have an additional study/flexi room. Centro’s top levels will be complimented with eight luxurious penthouses (some sprawling over two levels) with stunning 270 degree city views.
These will be released to the market shortly.
With only eight available in such a central location and with unparalleled views, purchasers are encouraged to register their interest now.
Altro Apartments
“Altro”, the third and final stage, plans to be completed mid-2017.
SugarTree residents will have exclusive access to a bar/café roof top garden with spectacular harbour and city views.
Sugar Tree Project Director Darren Brown said, “Traditional housing close to the city centre is now out of the reach of many first home buyers, so an apartment community such as this is an exciting and viable alternative.”
For young professionals
SugarTree has been very appealing to young professional families who want the convenience of the central suburbs and CBD but do not want to pay the price of standalone housing in the area which would set them back more than twice the price of an apartment.
SugarTree has also been very popular to those who have children grown up and they no longer need the four-to-five bedroom family home nor wish to spend their weekends maintaining a large property and want to leave the hard work of the quarter-acre behind them, preferring the lock up and leave lifestyle city apartment living offers.
With the increasingly busy lives that we lead, time at home relaxing with friends or family is very precious so the ease of apartment living is becoming ever more popular.
Great choice
Investors have also found SugarTree a great choice due to the location.
There are one-bedroom and one-bedroom-plus-study options which rent for $460 – $570 per week.
The apartments will attract good tenants due to their size and quality.
The median price of Central Auckland apartments has increased 19% over the last year and 32% over the last 2 years, performing at similar and better rates than many suburban areas. (REINZ).
SugarTree is conveniently located just five minutes by walk from Ponsonby Road, Western Park and Victoria Park Market and also from the proposed Pitt Street Station of the proposed City Rail Link. The viaduct and CBD are within walking distance of 10 minutes.
The developers have set out to create well-sized, quality spaces for inner city living within a good price range while still incorporating high quality fittings. Large balconies offer expansive views of the harbour.
Commercial space
In addition to the apartments, SugarTree will feature commercial spaces at the ground level, which will include cafes, restaurants, boutique wine bars, delis and retail outlets.
A strict retail master plan has been put in place to ensure a sustainable balance for both residents and retail tenants in the long term.
This will create natural meeting places, shops and eateries for the residents above.
With a likely 1000-plus residents, as well as visitors to the cafes and restaurants, the whole complex will buzz with life.
SugarTree will function like a vertical village and will also have pet friendly units.
For more information, visit www.sugartree.co.nz
For sales information, please call Lara Thompson on 022-6393028 or Chanel Zhang on 021-517288.
