Mount Maunganui residential development going ahead

Mount residential development going ahead

Auckland, May 10, 2017

A 71-unit Mount Maunganui residential development that has almost sold out off the plans is going ahead.

Salt. is being developed by SNG Investments and marketed by Colliers International.

Pete Evans, National Director of Residential Project Marketing at Colliers International, says the agency has now sold 60 of the 71 dwellings off the plans.

“Only 11 units remain available, and with construction about to commence, we’re anticipating another uptick in sales activity.”

The Girven Road site will be home to 52 apartments, 19 townhouses, a cafe, a childcare centre, and large shared green spaces, all a short stroll from the sea. Only two townhouse and nine apartments remain.

SNG Investments Director Paul Spillane says the development has been “full steam ahead” since being granted resource consent in March.

“It’s great to see one of the biggest construction projects in the Bay of Plenty underway.”

The project is scheduled to be finished by November next year at the latest.

Grant White, who is marketing the development for Colliers International Tauranga, says he is thrilled with how sales have gone.

The location, quality and design of the development is key to its success, he says.

“Buyers like that it’s brand new, well designed and has a good body corporate,” he says.

“Most buyers intend to live in their new dwellings or use them as lock-and-leave holiday homes.”

Centred on a 750sq m landscaped communal green area with a water feature and winding boardwalks, Salt. comprises a series of high-quality three-storey apartment buildings with lifts and two-storey townhouses.

Prices range from $440,000 for a single bedroom apartment to $1 million plus for a very spacious three bedroom townhouse.

The 1.02ha site is located on a bus route and is only a few minutes’ walk from the beach, Bayfair Shopping Centre, Baywave Aquatic Centre, ASB Baypark Stadium, a medical centre, and two popular golf courses.

ENDS

About Colliers International:

Colliers International Group Inc. is a global leader in commercial real estate services with 15,000 professionals operating from 403 offices in 68 countries. With an enterprising culture and significant insider ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include brokerage, global corporate solutions, investment sales and capital markets, project management and workplace solutions, property and asset management, consulting, valuation and appraisal services, and customized research and thought leadership. Colliers International has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 10 consecutive years, more than any other real estate services firm.

Founded in Australia in 1976, Colliers International is the largest locally formed real estate services firm with professionals worldwide. Find out more at www.colliers.co.nz

For the latest news from Colliers International, visit: New Zealand – colliers.co.nz/news | International – colliers.com/news | Follow us on Twitter: New Zealand – @Colliers_NZ International – @Colliers | Visit us on LinkedIn: New Zealand or International

About the developers:

SNG Investments No.2 Limited is a company run by directors Paul Spillane and Peter Gillespie, who recently completed the 850 Cameron Road complex in Tauranga. Prior to this, the developers have completed a number of high quality commercial and industrial builds.

© Scoop Media