Beautiful... lol... I love your dry humor mate.
These absolutely horrendous New Lynn apartments https://www.bing.com/images/search?v...t=0&ajaxserp=0 went up a few years ago and to the best of my knowledge is the highest apartment block presently in New Lynn (10 levels of slums) and without doubt the ugliest. It has only two redeeming features. 1. Really, really close to New Lynn Transport hub and Lynn mall shopping center and 2. Reasonably close to the New Lynn Police Station so they can try and keep this slum and its tenants under some sort of control.
KPG thing that's proposed looks even worse.
Last edited by Beagle; 22-09-2021 at 05:25 PM.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Beautiful... lol... I love your dry humor mate.
These absolutely horrendous New Lynn apartments https://www.bing.com/images/search?v...t=0&ajaxserp=0 went up a few years ago and to the best of my knowledge is the highest apartment block presently in New Lynn (10 levels of slums) and without doubt the ugliest. It has only two redeeming features. 1. Really, really close to New Lynn Transport hub and Lynn mall shopping center and 2. Reasonably close to the New Lynn Police Station so they can try and keep this slum and its tenants under some sort of control.
KPG thing that's proposed looks even worse.
That block probably leaks like a sieve
But Kiwi will build water proof blocks so no worries
At the top of every bubble, everyone is convinced it's not yet a bubble.
But Kiwi will build water proof blocks so no worries
About 20 years ago we swapped a couple of cheap bare second rate no sea-view sections on Waiheke Island for a couple of top floor apartments off the plans in this block a few hundred meters away in New Lynn. https://www.bing.com/images/search?v...D0&vt=0&sim=11
They were okay-ish when new and at least tenants had access to onsite swimming pool, tennis court and gymnasium so we didn't feel too much like slum landlords. Didn't take long for the ultra cheap fit out to age quickly and we had so many problems with tenants we were very pleased to get out with our shirts still on our backs. Not long after that the whole thing had to be re-roofed and reclad due to leaks...cost apartment owners a fortune. The majority of my clients who have bought apartments anywhere have experienced water ingress issues sooner or later....in fact its almost always just a question of when, not if. Hard to put those odds on unknown water ingress remediation costs into a spreadsheet eh
Last edited by Beagle; 22-09-2021 at 05:46 PM.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
I’m not an Aucklander so silly question …..is Sylvia Park a ‘desirable’ area to live? What type of tenants will KPG attract? Would they pay ‘fair and reasonable’ rents?
Last edited by winner69; 22-09-2021 at 06:43 PM.
At the top of every bubble, everyone is convinced it's not yet a bubble.
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