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Club

Parkview on Cornwall

Auckland, New Zealand

Product Type

Property Loan

Interest Rate

12% p.a

Payment

Monthly

Max LVR

75%

Sophisticated Investors

To be considered for this investment product; applicants must supply evidence they qualify as a Sophisticated Investor

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Stage 1

Buildings C1 and C3 form the first stage of development, within what is to be known as ‘Parkview on Cornwall’
Managed Luxury Retirement Living

Queen of the Park

The key target population for retirement living are those 75+. In 2021 there were estimated to be almost 345,960 NZ residents 75+ years of age. By 2048, this is forecast to increase by over 140%.

This vast increase adds further weight to the growing demand from residents and their families for premium accommodation options.

Though New Zealand continues to deliver new
units to meet increasing demand, JLL research suggests that demand will continue to outweigh the country’s development pipeline.

Bespoke Residential Apartments

Cardigan Bay

Epsom is a highly desirable suburb, proving particularly popular with families. Parkview is situated on the greenscape of Cornwall and Alexandra Parks and is within Epsom’s coveted ‘Double Grammar’ school zone.

Pre-sales for Building C3 the apartments commenced strongly in Q2 2022, with further appreciable sales forecast from the pipeline.

Project Progression

2023 Onward
Future Stages of approved residential, retail, and commercial development
Investment Open

New loan now open to investors

Proceeds used to support construction of early works and related development costs

Resource Consent granted

Resource Consent granted for ‘Queen of the Park’ and ‘Cardigan Bay’

Resource Consent granted for further land subdivision into 7 individual lots

Site preparation and construction of early works commenced for Stage 1

Freehold titles
Freehold titles issued for Lots 1, 2 and 3, totaling 16,110m2
Pre-sales campaign
Pre-sales campaign commenced for Cardigan Bay
Architectural plan
Architectural plan and design work for Resource Consent completed for Stage 1
Boundary realignment
Boundary realignment of land and council approvals received
Ground condition report completed
Ground condition report completed
Preliminary schemes developed
Preliminary schemes developed
Preliminary Geotechnical boreholes completed
Preliminary Geotechnical boreholes completed
2023 Onward
Now
November 2022
August 2022
June 2022
April 2022
March 2022
February 2022
December 2021
November 2021

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CMP Construction

CMP Construction offer over 30 years’ experience as a successful Auckland construction company specialising in large commercial and industrial developments. CMP specialises in large-scale new commercial buildings – multi-storey apartments and offices, industrial and warehouse buildings.

Learn More

To learn more about this investment opportunity, please get in touch.
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