Southern
Cross Apartment,
is the latest development being completed in response
to the huge demand for student accomodation from Wellington's
biggest University.
It
comprises of 118 fully self contained apartments in
a new 8 level building specially designed to cater for
Victoria University of Wellington (VUW) students. Student
numbers are growing at a steady rate and there is already
a big shortage of student accomodation in Wellington.
Wellingtion is well poised to experience higher student
growth rates than the traditional destinations of Christchurch
and Auckland.
The
building will be serviced by 2 lifts, and many apartments
will have their own decks. There are 2 laundries within
the building, a sizable furnished common toom will provide
a break-out space for students, plus there is a roof
deck on Level 7. In addition, a dining room will be
operated on the ground floor to provide meals for VUW
students taking up the catered accomodation option.
Southern Cross Apartment is a hassle-free investment.
All apartments will be leased and managed for an 18
year period from completion. EdPAC, a specialist student
accomodation provider will be responsible for signing
up tenants, payment of operating expenses and ensuring
that the apartment is well-maintained.
With
its excellent location and strong rental demand, Southern
Cross proves to be an astute investment opportunity
not to be missed.
Southern Cross
Wellington, New Zealand
Hunter House,
Victoria University
Wellington, New Zealand