Pending sale could set new record for most expensive New Zealand residential property

A new national residential record could be set if a super penthouse at the top of New Zealand’s tallest apartment building sells for around $40 million.

Liz Scott, general manager of Hengyi New Zealand, said previous records could be overtaken by the sale of the two-level property on levels 53 and 54 of a building her company developed.

“The super penthouse has not gone unconditional but we have had an offer and yes it’s acceptable to us,” Scott said of that unusual property in The Pacifica between Commerce St and Gore St near the Britomart in downtown Auckland.

“All the conditions have to be satisfied,” she said of the 1200sq m two-level home at the top of the tower.

If $40m is paid, that would eclipse agent Graham Wall’s $39m sale of the Paritai Drive home previously owned by interests associated with Mark Hotchin of Hanover in 2013 and sold to Arvida’s chief Deyi Shi.

“It’s not done and dusted yet but it shows there’s a market for that calibre of property,” Scott said of the penthouse which has voids between floors where internal stairs can be built and to allow wider views from the top or bedroom/bathroom floor.

The penthouse in the meantime is what Scott calls a “soft shell”, without floor, ceiling or wall coverings or linings. However, materials have been brought to the floor to enable finishing when the buyer is ready. For example, wall linings are stacked in piles on both floors.

A concept interior fitout has designs for five bedrooms and six bathrooms, Scott said, but it would all depend on what the buyer wanted. It was up to them to fit it out according to their needs and lifestyle.

Between level 53 and 54, the second floor opens up to the floor below. The edge could be framed with glass balustrade giving a dizzying view to Auckland’s northwest.

Each of the penthouse floor will be 636sq m so the apartment would be about five times the average New Zealand house.

Concept plans are for a formal lounge, chef-style kitchen, butler’s kitchen, banquet-style dining area, cellar and wine tasting room, media room, library, gym, sauna, spa and steam room, art gallery, sky garden with double-height ceiling, personal office, boardrooms and up to 12 parking spaces.

Scott said people would begin moving into the building this month and deposits had been taken on all but around 20 of the 273 units.

Plans for a hotel on the lower levels have changed and that space will now become boutique offices, she said.

Some tower residents were keen to lease that space, meaning their home and office would both be in the building.

The block was built by Icon Construction in around three years and designed by Australia’s Plus Architecture.

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