Full Description

Have you been waiting for an affordable Auckland investment property with a high yielding rental guarantee? We are pleased to present the Proximity Apartments with these and more exclusive benefits for our clients!  Please read on for the key elements that make this proposition an extremely attractive investment opportunity. PLEASE NOTE THESE UNITS ARE SELLING FAST IN NEW ZEALAND SO DONT DELAY !!

Price Point

The Proximity has a low price point for the Auckland market with units ranging from £60,000 - £140,000. Furniture packs and car parking are also available .  At this price point we do not expect them to remain on the market for long.

Rental Guarantee

We have negotiated a two year rental guarantee exclusively for our clients. The guarantee is at $330 per week for the studio apartments, $370 per week for the one bedroom apartments and $400 per wekk for 2 bedroom apartments.  These guarantees are based on current market rental rates.

High Yielding Apartments

The apartments will generate a guaranteed rental return of between 6% - 9% per annum, which makes for some of the highest yielding apartments available in Auckland today.

Minimal Outlay until Completion in Early 2009

To secure a property today a 10% deposit or deposit bond is all that is required until completion. The developer will subsidise the cost of the deposit bond by $1000 thus making the total deposit bond premium payable by an investor approximately £500.  Alternatively a cash deposit for these apartments will start as low as £6,000.

Arm Chair Investment until 2011

With completion in 2009 and a high rental return guaranteed for two years, the Proximity Apartments make for a sound long term, hassle free investment. This deal is available for all apartments in the Proximity including the upper level and penthouse apartments.  With 16 floors in total there is a good selection of top floor apartments with great urban views. 

Key Investment Features

• Early investors will be able to cherry pick the best units
• Top level apartments are available for purchase
• Little money down until completion in 2009
• Superb views from the higher levels
• 2 year rental guarantee
• Manakau is experiencing strong population growth
• Furniture packs available for purchase
• Free Washing Machine and Dryer package
• Includes full Whiteware package
• Close proximity to Auckland International Airport
• Car parking is available for purchase

Why invest in Manukau & New Zealand

• No Capital Gains Tax in New Zealand
• No Stamp Duties or land tax
• No Inheritance Tax in New Zealand
• Robust economy
• Hosting the 2011 Rugby World Cup
• Hosting the 2015 Cricket World Cup
• Strong demand for inner-city living
• Highly ranked in quality of life surveys
• Manukau has lower property prices than Auckland central
• One of New Zealand’s fastest growing cities
• Huge demand for inner-city living in quality properties

Manukau has strong population and economic growth. It’s just 20 minutes from downtown Auckland and is the location of Auckland International Airport; arrival point each year to over 1.7 million visitors to New Zealand. Manukau is rich in cultural diversity offering a blend of urban, rural and seaside communities. This city provides an exceptional opportunity for investors interested in maximising their capital growth and maintaining strong rental yields.

Deposit Bond Investing

As mentioned above investors are able to secure a unit using a deposit bond. This is a cost effective and easy way to meet your deposit obligations on Homebond approved developments.

When you use a deposit bond you satisfy the vendor’s deposit requirements by the issue of what is essentially a deposit guarantee. You don’t have to use your own hard earned cash or go to the bank to extend your own mortgage to cover the deposit. and do not you have to break an existing term investment, which often incurs penalties. Furthermore you will not be tying up all your existing credit lines for the duration of the contract period.

The Bond provides a low-cost option to secure a stunning apartment at today’s prices with no more than £1000 payable initially. You can lock in the price of a major central city apartment and watch your apartment grow in value during the build programme. The £1000 initial cost that we are quoting is made up of the professional fees associated with setting up the deposit bond and the bond premium.  Please see the breakdown below. Please note the figures  below are an approximation of the costs : -

• £500 bond premium
• £250 for the bond company’s UK solicitor
• £50 admin fee
• £200 Chartered Surveyor’s valuation

If you have a recent chartered surveyor’s valuation or bank or building society valuation that we can use you will not have to obtain another one. In this case you can reserve for up to £800!!

Please note all existing investors that have a bond already in place and meet the equity criteria of the bond company can in fact reserve with just £500!!

Contact Us

We also offer an administration service, which is designed to assist an overseas investor enter the New Zealand market in confidence. You will have access to a lawyer for your conveyancing, a mortgage broker for your finance and an accountant for your yearly tax returns. We assist in every step of the buying and holding process of New Zealand property.

DON’T FORGET WE DO NOT CHARGE ANY FEES - NO JOINING FEE, NO ARRANGEMENT FEE, NO FINDERS FEE!!

For more information on this fantastic investment opportunity please click the enquiry link below and we will then email you further information and instructions on how to reserve an apartment.