Presenting an unprecedented and incredibly enticing opportunity for forward-thinking buyers, purchasers of select One Greys Avenue apartments will enjoy living mortgage-free for the next two years.
The limited-time offer is valid until December 18 and applies to a handful of the new one, two and three-bedroom residences. Buyers will secure their new apartment with the standard 10% deposit and will be able to move in immediately, without needing to start paying the mortgage until late 2027.
Gavin Lloyd, general manager of residential projects and branded residences at Bayleys, says this special promotion is an exciting one that he believes has never before been offered in New Zealand.
“It’s a really simple structure – you pay your standard 10% deposit and the settlement is delayed for 24 months. You can move into your home straight away by way of a licence to occupy, then you settle in two years’ time,” he explains.
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He’s calling it a “cost of living circuit-breaker,” and says it will offer a welcome reprieve from the cost of living crisis we’ve all faced in recent years, particularly by those living in Auckland.
“Aucklanders spend about 40% of their household income on mortgage payments just to live in this city – and that’s after tax.”
Lloyd notes the offering will appeal to a broad spectrum of the market.
“First-home buyers for instance, they may be a young couple struggling to save for a house deposit, but they might scrape together their 10% and then over the next two years they’ll be able to significantly amplify their savings.”
Buyers can secure their new apartment with the standard 10% deposit and can move in immediately, without needing to pay the mortgage until late 2027. Photo / Supplied
Bayleys general manager Gavin Lloyd says: “Aucklanders spend about 40% of their household income on mortgage payments just to live in this city – and that’s after tax.” Photo / Supplied
Those at the opposite end of their property journey will also benefit.
“If you are a downsizer and are looking for a city pad, you could buy one of these and move into it now. Most of these types of buyers have an existing home to sell and within the next two years we should be in a far better market than what we’ve just come through. So not only will their apartment be appreciating, but their home is also going to go up in value – so they’re getting a double whammy.”
The building is complete and apartments are move-in ready, so he says they’re anticipating some really good interest. This is also in part due to the appealing prices.
“They have a nice entry point at $620k and then go up to around $1.165m.”
The key properties for sale are Unit 204 (one bedroom), Unit 1402 (two bedrooms) and Unit 107 (three bedrooms), with three others also available. These have been designed as urban sanctuaries and are all spacious, modern and filled with light.
Kitchens feature stone bench tops with Bosch appliances and the apartments each come with an option to purchase a carpark. Photo / Supplied
One Greys Ave boasts a pool, gym, on-site movie theatre and games room, plus is pet-friendly. Photo / Supplied
Kitchens feature stone bench tops with Bosch appliances and the apartments each come with an option to purchase a carpark.
The building itself is a great place to live and boasts a pool, gym, on-site movie theatre and games room, plus is pet-friendly, unlike many other apartment complexes.
One Greys Avenue is regarded as the crowning jewel of the Civic Quarter, an exciting new precinct alongside Auckland Town Hall and the Theatre District. The vibrant, central city fringe location is close enough to the action but removed enough to enjoy peace and quiet at home.
It’s five minutes’ walk from Auckland University and a pleasant stroll from Commercial Bay, K Rd and Ponsonby Road.
- Sponsored by Bayleys
