Beautiful Water Villas Located On The Shores Of Lake Dunstan In Central Otago.Excellent Investment And Holiday Home Opportunity.

The Cove Development - Otago - New Zealand

A pure waterfront development on the shores of Central Otago's beautiful Lake Dunstan. This is a magnificent development with great investment opportunities.

The Cove is utter waterfront! Each villa comes with a private jetty, beautiful water and mountain views from the 3 bedrooms and living areas. This exclusive canal development offers not only exceptional lifestyle opportunities, but ensures residents enjoy easy lake access and stunning mountain and lake views.

The Cove provides luxurious three bedroom waterfront villas with three bathrooms and three keys, so each bedroom can be used independently of each other to maximise rental return. The waterfront villas are situated on the shore of, an inlet flowing off Lake Dunstan. Each canal front apartment will offer direct lake access from your boat mooring, situated under your front deck.

An optional package is available to have your waterfront villa fully furnished - ready to be lived in and enjoyed. Carefully chosen by an interior designer, all household living requirements are fulfilled with stylish flair and include dining suite, tables, chairs, sofas, plasma television, DVD player, paintings and more!

Exclusive Investment Terms

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Choose between a waterfront villa due for completion in 2009 or 2010

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Each waterfront villa comes with a 4 year bank backed rental guarantee of 5% net income p.a. - making a hassle free investment until 2014!

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Developer will pay for the cost of the deposit bond - which means no money required until completion

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If you choose the cash deposit option - 15% of the purchase price is required and your monies will stay in a lawyers trust account until completion of your waterfront villa.

You can secure a property today with 15% cash deposit or by way of deposit bond. 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.

Price Range

£311,000 - £350,000

Key Investment Features of Cove Waterfront Villas

* Pure waterfront living with private boat jetty
* Only 24 waterfront villas to be built
* Waterfront villas contain 3 bedrooms with 3 bathrooms and over 230sqm of indoor/outdoor living
* Massive ground floor balcony of 42sqm with spa pool on your jetty
* The waterfront villas can be split into 3 keys to maximise rental returns
* 2 car lock-up garage with each waterfront villa
* “One of a kind” high end development for the region which offer a prestigious 'point of difference'
* Located in a world class vineyard region. The Cove is surrounded by prime vineyards in picturesque mountain settings
* Designer kitchens include high specification fit out and appliances
* Built in spa bath in upper level bathroom
* Beautiful water and mountain views from each villa
* High-end furniture packages available for purchase
* Optional management by specialist nationwide hotel operator - Tourism flair
* Schist Stone boutique hotel to be built in the Cove community - to be built like it was over 100 years old
* Each villa is to be built to an exceptionally high quality with under-floor heating in bathrooms and kitchen, double glazed windows throughout, glass balustrades on balcony and beautifully landscaped.

Central Otago & Lake Dunstan

* Picturesque region with spectacular natural beauty
* Unparalleled outdoor lifestyle
* Booming tourism and wine industry
* Tourism growth forecasted at 4% per year until 2013
* Strong population growth (NZ's fastest growing region)
* Population increased 34% from 2001 - 2006
* Endless attractions for the adventurer
* High capital growth location
* No stamp duty or land tax in New Zealand
* No inheritance tax in New Zealand
* No capital gains tax in New Zealand
* No restrictions on transferring money to and from New Zealand

It is a land of wide-open spaces, fresh air, and opportunity. Central Otago is famed for its outstanding beauty, rugged alpine landscape and incredible lake views.

Lake Dunstan is nestled in the valley of the Upper Clutha river; the heart of Central Otago. With so much to offer the region is fast becoming one of New Zealand’s leading tourist destinations and a retreat for those seeking tranquillity from the bustle of city living.

Enjoyed by many, Lake Dunstan’s attractions include boating, water-skiing, windsurfing, canoeing, fishing, swimming, picnicking, jet boating, boat cruises and eco-tours of the abundant fish and bird life.

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, there is no need for you to withdraw the cash required from other investments or out of equity in other property assets to secure an off plan property purchase.

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.

With the likes of Perriam Cove the developer will pay the cost of the deposit bond therefore you will not have to put any money into the investment until settlement.

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



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