Princes Wharf

 

Premium apartments on the waters edge of the Waitemata harbour, offering expansive views over the Viaduct Harbour and beyond. It comprises of a mixture of commercial space and residential leasehold apartments, housed in 6 different sheds, and the Hilton Hotel stands at the end of the wharf.

ndividual apartments are offered on leases of either 50 year or 97 year terms, depending on the contract negotiated when purchased new, and owners pay a ground rent in exchange for use of the land (or water!?).

Princes Wharf also contains the largest apartment in New Zealand - a luxury residence originally built for one of the wharf's developers with 1,061 m² of internal floor space and decks of 416 m².

nlike other leasehold property, the ground rent for Princes Wharf apartments is increased every year by 3% or the CPI, whichever is greater, so there is much more certainty with Princes Wharf apartments.

An array of bars and fine dining restaurants line the entrance to Princes Wharf and the central Britomart hub is five minutes walk.

 

Physical addresses: 137 / 139 / 143 / 145 / 147 Quay Street, Auckland Central

Next ground rent review: September 2039 (the ground rent is increased annually by 3% or the CPI, whichever is greater).

Developer: David Henderson

Builder: Hartner Construction Ltd

Year of construction: 1999

Body Corporate: Nil (Colliers run the Wharf on behalf of the lessors)

Size: 297 apartments

Princes Wharf is a former commercial wharf on the Auckland waterfront, which in 1999 - 2000 was redeveloped into a multi-story, high-class, mixed-use development, featuring some of the finest waterfront apartments Auckland has to offer.