Full Description

Built from traditional timber weatherboard in the classical Russell colonial cottage style, including on-site facilities a heated swimming pool and spa, children’s playground and central clubhouse.

Set amongst its own streetscape with 16 others, this beautifully built 3 bedroom cottage has solid timber floors, 2.5 well-appointed bathrooms and a separate laundry, plus ample secure storage and comes fully furnished to a high hospitality quality.
Enjoy a hassle-free holiday or weekend getaway at any time, and in your absence, receive a worthwhile return on your investment. An on-site manager will run, maintain and care for your property at all times.

Adjacent to the historic school site on Chapel Street, the cottages are nestled amongst established trees beside a running brook.
It’s an easy walk to the village, the wharf, tennis courts or bowling green. And if you have the seaside in mind, it’s just a casual 1km stroll to lovely Long Beach.

How many cottages?
17 in total:
10, 3 bedroom
6, 4 bedroom
Manager’s accommodation
What am I buying?

Freehold unit titled investment apartment, managed on your behalf by a serviced apartment manager, with the ability to use it for your own holiday use at anytime. Conditions apply.

Do I have to pay Goods and Serviced Tax (GST)? You may not have to pay GST but note that the price in the agreement is plus GST (if any). Because the apartment will be a going concern at the time of settlement, your apartment will be zero rated for GST as long as you comply with the conditions of the management agreement and are GST registered. No GST should therefore be payable. You will need to register for GST to qualify for zero rating. Please make further inquiry with your financial advisor about how this relates to your own personal circumstances.
Do I have to enter into the management pool? Yes. All purchasers will be required to buy the apartments as a going concern with a management lease.

Do I have to purchase furniture? Yes. If you wish to have a managed investment apartment, with an on-site manager, then the cottage must be furnished to exacting standards. The package complies with hospitality standards for wear and durability. The products meet the expectations of the market, and will be the same in all cottages. The products are of the highest standard and are sourced from reputable industry suppliers. A catalogue outlining the products is available on request.

What are the main features of the investment option?

• Hands free investment
• Preferential holiday access
• Prime central Russell location.
• Secure On-site parking
• On-site Manager

You earn an income on the cottage being rented out when you do not wish to use it, plus there are significant tax deductions available, depending on your own individual circumstances. Ask the sales person for financial analysis examples as prepared by independent consultants. As an Owner, what does it cost me to stay? You only pay 15% of the normal rate, plus the cleaning charge when you leave. This covers the cost of the Managers services.

What is the purchasing procedure? A $1,000 deposit will secure a cottage. A further amount to equal 10% is generally paid within 14 days of signing the agreement, however if this does not suit your own personal circumstances at the time you wish to purchase, please discuss other possibilities with the salesperson. The balance is to be paid once the title has issued on the apartment. The purchaser shall pay the deposit to Knight Coldicutt trust account (the vendor’s solicitors) who shall hold the deposit in an interest bearing trust account until the settlement date. What is the price? Please review current price list for cottage availability and price. The furniture package cost is $43,500 for a 3 bedroom, $48,500 for 4 bedroom (plus GST, if any).

All prices quoted in New Zealand dollars. Who is the serviced apartment manager? The serviced apartment management company is Tourismflair. Ltd which is a specialist management company that has been commissioned by the developer to manage our numerous developments. Tourismflair.’s role is to, by providing superior hospitality service and management, maximize the yields for the benefit of our investors. And by doing so protect and enhance Winslow's reputation as one of the industries leading managed apartment developers. A resident manager will be on-site.

What facilities are included? * Heated Swimming pool * Club House * Spa * Common Room * Boat Wash * Managers office has photocopier and fax service * All cottages have full internet and high speed data cabling. * Sky TV service. * Interactive Entertainment Service which includes the latest Box-office movie releases. How much is the body corporate? Please review enclosed body corporate fees, they are appropriate for properties of this quality in this location. Who will maintain the grounds? The grounds will be maintained by the body corporate.