PROPERTY OVERVIEW

Identified by Quest Serviced Apartments (NZ) Limited over 3 years ago as a key strategic site 12 Wadier Place was purchased by Safari Group late last year with Quest Serviced Apartments (NZ) Limited committing to the 25 year based on 15 + 5 + 5 year commercial lease of the purpose built development.

The building incorporates four levels of units comprising of a ground floor and levels one to three. The ground floor also incorporates a reception area and office together with 18 onsite car parks. The 39 units have been unit titled to make a total of 34 freehold titles comprising a mix of studios (26m2-27m2), bedroom units (40m2), twin key studios (52m2-54m2), one bedrooms (70m2-71m2) and the office/reception.

Construction has started and is expected to be completed by the end of 2010.