DXN - SCHEDULED FOR COMPLETION: SEPTEMBER 2019 - Comprende Property Management
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DXN.
A guide to Wellington’s newest investment
SCHEDULED FOR COMPLETION:
SEPTEMBER 2019
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ARCHITECTURE WITH “EDGE”
Wellington has long since been recognised as a forward-thinking and growing
social hub of New Zealand. Its diverse events, population, landscape, and
architecture allcontribute towards its unique character, and the increasing
interest in living there.
PROJECT UPDATE : APRIL 2019 The drive behind this project was to create architecture with “edge.” Using
a combination of new design features, careful consideration of colour and
There was a short delay in construction when Arrow was placed into voluntary liquidation. texture, and original artwork, DXN Apartments will contribute to Wellington’s
The developer, Vicinity, negotiated with the liquidator BDO and an agreement was character by becoming a symbol of innovation, sophistication, and the
reached for the project to continue without Arrow’s involvement. The main project highly-desired city lifestyle. Those behind the design aimed to reflect the
staff from Arrow were transferred to the developer’s team, all subcontractors were paid living environments with a “cool” factor found in the likes of Melbourne and
and construction commenced again. The developer is confident that the project will be Sydney.
completed in September.
The DXN project was initiated by Wellington development company, Vicinity,
in conjunction with Arrow International, Archaus Architects, and Taranaki
Land Limited. Vicinity and Archaus Architects in particular have worked
together in the past to form an impressive portfolio of inner-city apartment
design and builds, including The Peak and Wigan Apartments, the Boulcott
Suites, and the new Rydges Hotel at Wellington International Airport. Many
of their buildings are recognised within the property investment industry for
their strong purchaser interest, rental premiums, and being a little different.
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ABOUT DXN APARTMENTS
Situated at the top of Dixon Street and just off Willis and Victoria Streets, the DXN
Apartments will be at the heart of Wellington and everything it has to offer.
The three-tower, 19-story complex will contribute to both the skyline and the ongoing
development of the CBD as the residential and cultural hub of the city. 228 apartments
will be broken into 114 titles, each including a one-bedroom and studio unit.
Each tower will have its own entrance and lift, complete with a laneway facing Dixon
Street. From here, the Wellington way of life is only a step away.
Laneway to run between Dixon Street and Feltex Lane,
complete with commercial space at ground level.
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INNER-CITY APARTMENT LIVING
The location for DXN is ideal for rental apartments. It is perfectly positioned close to the
Cuba and Courtney Place precints, general Wellington CBD, and local universities. It is
only a 5-minute walk to many major office towers, and is directly across the street from
a Wilson parking complex, which is a nice bonus for those who still wish to own a car.
A strong demand is envisioned from urbanites who work in the central city and also want
access to entertainment, shopping, restaurants, and bars. Students attending nearby
tertiary institutions such as Le Cordon Bleu, the School of Performing Arts, Massey
University, and Victoria University of Wellington are also expected to be attracted to the
convenient location.
AMENITIES INCLUDED
Each apartment title includes a one-bedroom and a studio unit. The 69sqm spaces will
each come with all the amenities needed for comfortable inner-city living, including a
fridge-freezer, a washer-dryer combo, dishwasher, oven, hob, and extractor fan.
Studios will also include a queen bed, couch, two-seater dining table, and a coffee table.
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PROJECTED RENT SCALE
As projected by Comprendé, March 2019
Floor 1-bedroom Studio Unit
Ground Commercial use only
1-6 $480 - $510 $380 - $410
7 - 12 $490 -$520 $390 - $420
13 - 19 $500 - $530 $400 - $420
Standard apartment title (contains one-bedroom unit and one studio unit
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Standard floor plan (applies to all towers) 10 11
YOUR INVESTMENT DESERVES TO BE IN
THE BEST POSSIBLE HANDS.
At Comprende, we’re leading the way in providing a fresh, stress-free approach to property
management. We take pride in our ability to provide a seamless experience when you
choose us to manage your investment.
As your property managers, we:
MARK WARRIOR • Will ensure you are aware of current market conditions and that your rent is set TANIA MCCRYSTALL
New Business Manager accordingly New Business Manager
• Provide peace of mind knowing the right tenants call your investment home.
021 676 253 • Have access to tailored resources to keep you up-to-date on your financials and 021 520 470
mark@comprende.co.nz tania@comprende.co.nz
property.
If you have any questions about DXN or want to discuss the Wellington property market,
our new business managers are dedicated to helping you get the most out of your investment.
Get in touch with one of them today — coffee is on us.
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10 Wigan Street, Te Aro (04) 384 2141 www.comprende.co.nz
REALTY & SALES
Some of you may decide to sell your apartment close to the time of settlement. Mike from Bayleys
and Chris from Ray White are both knowledgeable about DXN. and will be able to discuss and
advise you on your sales options.
RECOMMENDED ADVISORS
If you have purchased or are considering a DXN apartment, you will need
to consider the following in the lead-up to settlement:
• Mortgage Finance
• Insurance
• Accounting Advice
• Legal and Conveyancing
Over the next few pages, we recommend some professional advisors to
assist you with all aspects of your investment journey. Mike Lovell Chris Barnes
Residential Sales Specialist Licensee Salesperson
Bayleys Realty Wellington Ray White Realty Wellington City
04 499 6044 | 027 435 6007 04 473 3822 | 027 355 4459
mike.lovell@bayleys.co.nz chris.barnes@raywhite.com
www.bayleys.co.nz www.raywhite.com
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MORTGAGE FINANCE INSURANCE
Funding an investment property requires planning. If you do not yet have your mortgage finance The building will be insured through the Body Corporate, but it will still be important for you
in place, now is the time to talk to the experts. We work closely with the Orange Network and to understand the best insurance options for your personal situation. We work closely with
Stephanie Murray Mortgages and have no hesitation in recommending Jonny and David. JackMac and Plus 4 and have no hesitation in recommending Brent and Thurl.
Jonny Graham Keith Munro Brent Michie Thurl Gibbs
Mortgage & Insurance Specialist Mortgage Adviser Director & Registered Financial Advisor Principal
Orange Network Mortgage Lab JackMac Insurance Brokers Plus4 Insurance Solutions
0800 895 004 | 021 027 60571 027 654 6568 027 522 5622 04 976 1099 | 021 952 088
jonny@orangenetwork.co.nz keithm@mtgelab.co.nz brent@jackmac.nz thurl@Plus4.co.nz
www.orangenetwork.co.nz www.mortgagelab.co.nz/km/ www.jackmac.nz www.plus4.co.nz
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ACCOUNTING LEGAL & CONVEYANCING
There have been significant changes to investment and accounting legislation, and how you Settlement of your apartment will happen at the same time as the 100+ other apartments in the
structure your investments is as important as the properties you purchase. We work closely with complex, so ensuring you have solid legal advice is of the utmost importance. We work closely with
Connected Accountants and Kendons and have no hesitation in recommending Michael and Troy. Mana Property Law and Brandons Lawyers and have no hesitation in recommending Paula and Richard.
Troy Purcell Michael Markham Paula Keats Richard Brandon
Chartered Accountant Director Principal & Conveyancing Practitioner Partner
Connected Accountants Kendons Chartered Accountants Mana Property Law Brandons Lawyers
04 473 1980 | 022 043 4502 04 550 4067 | 027 662 3766 04 974 6308 | 021 150 7744 04 498 3562 | 0275 776 995
troy@connacc.nz michael@kendons.co.nz paula@manapropertylaw.co.nz richard.brandon@brandons.co.nz
www.connacc.nz www.kendons.co.nz www.manapropertylaw.co.nz www.http://brandons.co.nz
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