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Home / Business

Property Report: Park position a winner

NZ Herald
4 Dec, 2016 05:00 PM3 mins to read

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Buyers signing up for The Vulcan apartments say they want to be close to the park as well as having dining, entertainment and public transport within easy reach. Illustration/Supplied

Buyers signing up for The Vulcan apartments say they want to be close to the park as well as having dining, entertainment and public transport within easy reach. Illustration/Supplied

As summer beckons, the developer behind edgy upmarket new apartment development The Vulcan at 1 Halsey St, Victoria Quarter is watching the benefits of its park-side location unfurl.

The Leuschke Group-designed boutique freehold apartment complex will be built across the road from Victoria Park, offering 38 apartments in dual park-side and city-side towers.

One of the directors of Plutus Holdings, the parent company behind this project, Neil Salter, says his assertion that this will be Auckland's version of living park-side in New York is playing out before his eyes.

Salter says: "There are numerous apartments on offer around Auckland but we're getting consistent feedback about what's driving buyers to come here.

"Number one is location, across the road from the greenery of the park and close to so much dining, entertainment, public transport and so many shops."

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"There's so much more activity in the park with the warmer weather - people doing boot camps, having picnics, walking dogs or just sitting quietly in the afternoons with a coffee and a book. People living in these apartments are going to feel connected to this environment and the great locations so close to them."

The apartments' long, narrow site running between Halsey St and Dock St is near Wynyard Quarter, about five minutes' walk from the Viaduct and the CBD and not much more to Britomart or Ponsonby.

Dwellings across the two towers will have varying views of the park and city, with some harbour and harbour bridge views from upper levels.

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The Vulcan's lobby will be on Dock St, the quiet no-exit street running between the site and one side of the newish Spark building which has its main entrance on Victoria St West.

The apartments will be just around the corner from Les Mills, with Victoria Park New World nearby.

Salter is pleased with sales progress - 12 unconditional dwelling sales plus six under contract, within a short time of marketing, and spread evenly across the Parkview Tower and Cityview Tower. Purchasers include city professionals, downsizers and folk who want a city base.

He says the second key factor driving interest in The Vulcan is the building and interior's edgy, distinctive style.
Salter admires the boldness and strength of Leuschke's design for the concrete building which plays with reflectivity using bronze exterior framing and graduated intensity metallic frit glass on balconies.

Interiors incorporate some exposed concrete walls, concrete-look tiles, marble benches, wooden floors, ECC lighting and Miele appliances.

Configurations include one-bedroom plus flexi-room apartments and two-bedroom apartments, some of the latter including a car park. Prices range from $625,000 to $1.840 million. It is scheduled for completion at the end of 2018.

ON THE WEB: thevulcan.co.nz

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