New Development - Wellington, New Zealand

The Development is a new, purpose-built apartment building which is due for completion in 2010. It is situated in the heart of Wellington's vibrant city centre and will blend into the dynamic local environment which includes cinemas, theatres, cafes, bars, retail and residential living.

This new building will be eleven storeys high and feature nine floors with a mixture of 1, 2 & 3 bedroom apartments.

 

There will be retail space at street level and each floor will house five apartments with the top floor comprising the penthouse apartments.

 

Every apartment will have its own balcony of which some will enjoy views across picturesque Wellington.

Key Incentives

Many apartments priced between $5 - $15K below valuation One year rental guarantee Deposit bond paid by developer – therefore no money down until 2010 Fantastic Location Good Rental and Capital Growth Returns Expected Close To All Local Amenities 80% Financing Available Low Deposit Down payment

The property market in Wellington is historically very strong, with consistent growth.

 

This is especially the case in the city centre, where there has been significant urban growth in the property sector over recent years.

 

Inner city living is a modern trend in New Zealand where there is strong demand for purpose-built apartments. It is estimated that over 1000 people will move into the city every year.

Pay Nothing Until 2010!

A key opportunity for our UK, US, NZ and Australian investors is securing an apartment with a Deposit Bond instead of a 10% cash deposit. This method allows clients to invest in an off the plan development, locking in today’s prices and paying no deposit until settlement of the property (in this case late 2010).

Key Investment Features:

* Sophisticated 1, 2 & 3 bedroom apartments available
* Secure a beautiful inner-city apartment with only 10% deposit & no more to pay

   Until 2010
* Use a Deposit Bond and secure an apartment with zero money down until 2010
* Multi-currency loans available on these apartments. Interest rates from 4%pa
* Prime inner city location
* Modern, spacious open flow living area
* High quality furnishings and fixtures
* At least one car parking space per property
* Full security system to car-park and lifts
* Appealing property for the professional occupant
* Great access to public transport

You can secure a property at today's prices with only 10% deposit or by way of Deposit Bond, therefore pay nothing until completion in 2010!

 

This strategy lets you take ownership in a growth asset with minimal cash outlay, securing the upside and pre-construction price.

Why invest in Wellington & New Zealand:

* New Zealand's capital city with beautiful harbour and city beaches
* Strong population growth
* Booming tourism industry
* Strong rental demand
* Fantastic nightlife and attractions
* Ranked as 12th best city in the world in the “2007 Worldwide Quality of Life               

Survey”
* Low vacancy rates
* No stamp duty or land tax
* No inheritance tax
* No capital gains tax in New Zealand
* No restrictions on transferring money to and from New Zealand

As the capital of New Zealand, Wellington is widely regarded as the most beautiful city in New Zealand. The harbour really sets Wellington alight and the rich vibrant society is renowned for its café lifestyle.

Deposit Bond Investing:

A Deposit Bond is a substitute for the cash down payment or deposit required when purchasing a property.

By using a Deposit Bond instead of cash, the amount of the deposit is retained by the purchaser until settlement. There is no need for the purchaser to withdraw the cash required from other investments or out of equity in other property assets.

Rather than paying the deposit amount required in cash, you only pay a small premium for the Deposit Bond, which the seller or developer accepts in lieu of cash.

When you use a Deposit Bond you satisfy the vendor’s deposit requirements by the issue of what is essentially a deposit guarantee.