scheduled for completion: october 2019the dxn project was initiated by wellington development...
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A guide to Wellington’s newest investment
DXN.
SCHEDULED FOR COMPLETION:
OCTOBER 2019
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On August 18th, Dixon Street was closed to enable the installation of the pre-fabricated balconies. Check out the video here:
https://www.youtube.com/watch?v=j9zoYmQHk4M
We have been advised that the project will be completed in October 2019.
PROJECT UPDATE : AUGUST 2019
Wellington has long since been recognised as a forward-thinking and growing social hub of New Zealand. Its diverse events, population, landscape, and architecture allcontribute towards its unique character, and the increasing interest in living there.
The drive behind this project was to create architecture with “edge.” Using a combination of new design features, careful consideration of colour and texture, and original artwork, DXN Apartments will contribute to Wellington’s character by becoming a symbol of innovation, sophistication, and the highly-desired city lifestyle. Those behind the design aimed to reflect the living environments with a “cool” factor found in the likes of Melbourne and Sydney.
The DXN project was initiated by Wellington development company, Vicinity, in conjunction with Arrow International, Archaus Architects, and Taranaki Land Limited. Vicinity and Archaus Architects in particular have worked together in the past to form an impressive portfolio of inner-city apartment design and builds, including The Peak and Wigan Apartments, the Boulcott Suites, and the new Rydges Hotel at Wellington International Airport. Many of their buildings are recognised within the property investment industry for their strong purchaser interest, rental premiums, and being a little different.
ARCHITECTURE WITH “EDGE”
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Laneway to run between Dixon Street and Feltex Lane, complete with commercial space at ground level.
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Situated at the top of Dixon Street and just off Willis and Victoria Streets, the DXN Apartments will be at the heart of Wellington and everything it has to offer.
The three-tower, 19-story complex will contribute to both the skyline and the ongoing development of the CBD as the residential and cultural hub of the city. 228 apartments will be broken into 114 titles, each including a one-bedroom and studio unit.
Each tower will have its own entrance and lift, complete with a laneway facing Dixon Street. From here, the Wellington way of life is only a step away.
ABOUT DXN APARTMENTS
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AMENITIES INCLUDED
The location for DXN is ideal for rental apartments. It is perfectly positioned close to the Cuba and Courtney Place precints, general Wellington CBD, and local universities. It is only a 5-minute walk to many major office towers, and is directly across the street from a Wilson parking complex, which is a nice bonus for those who still wish to own a car.
A strong demand is envisioned from urbanites who work in the central city and also want access to entertainment, shopping, restaurants, and bars. Students attending nearby tertiary institutions such as Le Cordon Bleu, the School of Performing Arts, Massey University, and Victoria University of Wellington are also expected to be attracted to the convenient location.
INNER-CITY APARTMENT LIVING
Each apartment title includes a one-bedroom and a studio unit. The 69sqm spaces will each come with all the amenities needed for comfortable inner-city living, including a fridge-freezer, a washer-dryer combo, dishwasher, oven, hob, and extractor fan.
Studios will also include a queen bed, couch, two-seater dining table, and a coffee table.
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Floor 1-bedroom Studio Unit
Ground Commercial use only
1 - 6 $480 - $510 $380 - $410
7 - 12 $490 -$520 $390 - $420
13 - 19 $500 - $530 $400 - $420
PROJECTED RENT SCALEAs projected by Comprendé, March 2019
Standard apartment title (contains one-bedroom unit and one studio unit
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Standard floor plan (applies to all towers)
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GRANT FOGGODirector
027 548 2047 [email protected]
TANIA MCCRYSTALLNew Business Manager
021 520 470 [email protected]
YOUR INVESTMENT DESERVES TO BE IN THE BEST POSSIBLE HANDS.
At Comprende, we’re leading the way in providing a fresh, stress-free approach to property management. We take pride in our ability to provide a seamless experience when you choose us to manage your investment.
As your property managers, we:
• Will ensure you are aware of current market conditions and that your rent is set accordingly
• Provide peace of mind knowing the right tenants call your investment home.• Have access to tailored resources to keep you up-to-date on your financials and
property.
If you have any questions about DXN or want to discuss the Wellington property market, Grant and Tania are dedicated to helping you get the most out of your investment. Get in touch with one of them today — coffee is on us.
10 Wigan Street, Te Aro (04) 384 2141 www.comprende.co.nz
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REALTY & SALES
Mike LovellResidential Sales SpecialistBayleys Realty Wellington
04 499 6044 | 027 435 6007 [email protected]
www.bayleys.co.nz
Chris BarnesLicensee Salesperson
Ray White Realty Wellington City
04 473 3822 | 027 355 [email protected]
www.raywhite.com
Some of you may decide to sell your apartment close to the time of settlement. Mike from Bayleys and Chris from Ray White are both knowledgeable about DXN. and will be able to discuss and advise you on your sales options.
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If you have purchased or are considering a DXN apartment, you will need to consider the following in the lead-up to settlement:
• Mortgage Finance • Insurance• Accounting Advice• Legal and Conveyancing
Over the next few pages, we recommend some professional advisors to assist you with all aspects of your investment journey.
RECOMMENDED ADVISORS
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MORTGAGE FINANCEFunding an investment property requires planning. If you do not yet have your mortgage finance in place, now is the time to talk to the experts. We work closely with the Orange Network and Stephanie Murray Mortgages and have no hesitation in recommending Jonny and David.
Jonny GrahamMortgage & Insurance Specialist
Orange Network
0800 895 004 | 021 027 60571 [email protected]
www.orangenetwork.co.nz
Keith MunroMortgage Adviser
Mortgage Lab
027 654 [email protected]
www.mortgagelab.co.nz/km/
INSURANCE
Brent MichieDirector & Registered Financial Advisor
JackMac Insurance Brokers
027 522 [email protected]
Thurl GibbsPrincipal
Plus4 Insurance Solutions
04 976 1099 | 021 952 [email protected]
The building will be insured through the Body Corporate, but it will still be important for you to understand the best insurance options for your personal situation. We work closely with JackMac and Plus 4 and have no hesitation in recommending Brent and Thurl.
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ACCOUNTINGThere have been significant changes to investment and accounting legislation, and how you structure your investments is as important as the properties you purchase. We work closely with Connected Accountants and Kendons and have no hesitation in recommending Michael and Troy.
Troy PurcellChartered Accountant
Connected Accountants
04 473 1980 | 022 043 [email protected]
Michael MarkhamDirector
Kendons Chartered Accountants
04 550 4067 | 027 662 [email protected]
www.kendons.co.nz
LEGAL & CONVEYANCING
Paula KeatsPrincipal & Conveyancing Practitioner
Mana Property Law
04 974 6308 | 021 150 [email protected]
www.manapropertylaw.co.nz
Richard BrandonPartner
Brandons Lawyers
04 498 3562 | 0275 776 [email protected]
www.brandons.co.nz
Settlement of your apartment will happen at the same time as the 100+ other apartments in the complex, so ensuring you have solid legal advice is of the utmost importance. We work closely with Mana Property Law and Brandons Lawyers and have no hesitation in recommending Paula and Richard.