FAQs

ARE THE PROPERTIES FREEHOLD TITLE?

Yes, you are purchasing a freehold unit title from the plans.

HOW MANY UNITS ARE THERE IN THE DEVELOPMENT?

There are a total of 132 Units. 96 hotel units and 36 residential units.

WHAT DEPOSIT IS REQUIRED AND WHERE DOES THE DEPOSIT GO?

A 10% deposit for local (residents) purchases and 20% deposit for offshore (non-residents).

DO I PAY GST ON THE PURCHASE PRICE?

The price is inclusive of GST (if any)

CAN I LIVE IN THE RESIDENTIAL APARTMENT?

Yes

WHEN DOES CONSTRUCTION BEGIN?

Construction is due to begin in the second half of 2018.

SUNSET CLAUSE?

There is allowance in the sales and purchase agreement for reasonable construction and development delays.

WHAT ARE THE OUTGOING COSTS?

(A) Body Corporate Fees
(B) Christchurch City Council Rates

IS THERE A MAINTENANCE PERIOD?

Yes there is a 90 day maintenance period from the settlement date for purchasers in regards to any building defects in the unit.

WHAT ARE THE CONSTRUCTION SPECIFICATIONS?

The Facades are being developed and will consist of precast concrete and metal sheeting elements. See Specifications Page.

ARE THERE ANY VENDOR PRE-SALE CONDITIONS?

No. The development is not conditional on the vendor achieving a set number of pre sales.

WHO IS THE DEVELOPER AND BUILDER?

Safari Group is the builder/developer whose background includes some of New Zealand’s prized construction and development projects. The Safari Group boasts extensive experience of all aspects of construction and development from both Residential and Industrial, through to combined Office and Commercial. www.safarigroup.co.nz

WHO ARE THE DESIGNERS?

MAP Architects. The building has been specifically designed to fit into this location and incorporate all requirements of Wyndham Hotel Group to run a successful business.

HOW ARE THE CARPARKS ALLOCATED?

See pricing schedule for car park allocation.

ARE THE SERVICED APARTMENTS FURNISHED?

A full FFE and Appliance package is available for purchase separately

WHO SETS THE VALUES?

Independent valuers have set the values of all investment packages based on the rental income and market returns. The value of the unit will increase over time as with any other property investment.

CAN I BORROW FUNDS?

Yes, this is a residential product which funding institutions will lend on