Palm Grove Village Orewa Auckland
The seaside settlement of Orewa, 40 kilometres north of Auckland, is a popular retirement hotspot. The extension of the northern motorway means that Orewa is less than 40 minutes from the downtown CBD. Orewa is now part of the Auckland “super city” and has enjoyed the boom in property values that accompanies any location in the Auckland metropolitan area that offers a beach lifestyle.
Orewa and adjacent locales are home to a number of large scale retirement villages meeting the surging demand of Aucklands North Shore residents entering retirement age with substantial capital value to be released from the sale of a family home. However the area has no upmarket boutique village to meet the requirements of prospective residents who want a superior product in a more secluded environment than the 200 plus dwelling conglomerations currently offered.Palm Grove is ideally suited to deliver a premium lifestyle. Located on a well landscaped flat site just a 5 minute walk from the beach, the village is conveniently close to Orewa's shops and cafes.
Adjacent properties have been acquired and planning commenced for multi-storey apartments. The securing of neighbouring properties means that a minimum of 72 apartments are envisaged for the combined property. The price range for the new apartments will be $700k plus in keeping with the high quality of the development. The village will be developed as a joint venture between entities associated with Senior Trust and Aegis Projects Limited whose Principals have a long history of successful retirement village construction and operation.
Construction is due to start early 2017 with excavation of the basement storage and carparking. Thereafter 3 levels of 1 , 2 and 3 bedroom apartments will constructed. The first of three stages in the construction program will include the community facilities and the first residents are intended to be living in their apartments in early 2018
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For All Corporate and Investor Enquiries:
Senior Trust Retirement Village Income Generator
PO Box 113120, Newmarket, Auckland
Attention: John Jackson
Freephone: 0800 609 600
Physical Head Office Address:
44 Constellation Drive, Rosedale, Auckland