Full Description

We have negotiated an exceptional deal on a new off-the-plan Wellington waterfront development.  The developer wants to move this new development, called Patent 326, into construction phase straight away and requires 6 more sales immediately.  In light of this, the developer is offering a discount of $50,000 off the sale price, exclusive to New Zealand Property Solutions clients only.  The apartments have been selling well and many locals have already invested. Some properties in this development have sold for over 1.3 Million NZD.

Patent 326 is an exclusive boutique development situated on the Wellington harbour front.  The project is due for completion in early 2009 and each apartment will be built with superior specifications and appliances.  The development is high-end and ranges in price from $750,000NZD with a number of apartments selling above $1.3 million.

The apartments we are recommending will provide the best combination of rental yield and capital growth within the development.  The apartments are large (130sqm), two bedroom plus study, with two balconies and a car park.  Each has beautiful water and bush views to the back of the building.

This is a genuine offer to purchase a beautiful waterfront apartment $50,000 under market valuation. New Zealand Property Solutions sees this as an outstanding deal.

Price Range
$700,000 - $840,000NZD
(£272,000 - £327,000 or $639,000 - $766,000AUD)

Weekly Rentals
$600 - $900pw

Key Features:

• Water frontage with exceptional harbour views
• Large two bedroom apartments (130sqm) with two bathrooms
• Two spacious balconies
• Open plan split level living
• Car parking facilities
• High-end development with quality internal fittings
• Hardwood timber decking on the balconies
• Video intercom phones within each unit
• Security access card entry system
• Landscaped courtyards
• Patent 326 will also have a street front Café

Point of Difference:
Situated on the waterfront Patent 326 will attract the executive style of tenant and with Wellington having the highest medium income in NZ you will achieve top dollar in rental returns.

Designed by award winning architects Warren and Mahoney, Patent 326 will include single and dual level apartments, penthouses and townhouses - all with private balconies facing the harbour.

You have the ability to secure an apartment now with only a 10% deposit ($75,000NZD) or by way of deposit bond. This strategy lets you take ownership in a growth asset with minimal cash outlay, securing the upside and pre-construction price.
With $50,000NZD as a rebate on settlement, this opportunity lets you purchase quality waterfront at below market valuation. An excellent investment opportunity.

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.

Deposit Bonds can be issued from 3 months to as long as 3 years, which means you can keep your money working for you right up until closing, when you will be required to pay the property's full purchase price....