Longview Showhome Investment Opportunity

Longview, Lake Hawea Showhome investment opportunity

The opportunity at a

gl ance

• Invest in Lake Hawea’s most prominent residential offering

• Showhome is located in a sought-after location

• Estimated completion date March 2023

• Rental return $55,350 Per Annum, $1,064.42pw. 2+1 Year Lease (4.5% ROI)

Residential tenancy agreement

• 3 bedrooms, 2 bathrooms, and 2 car garaging

• 164m2 home

• 501m2 land

• Mountain views

• Three minutes from the water’s edge

The following proposal outlines an investment opportunity for a buyer to purchase our upcoming showhome in Longview, Lake Hawea, to lease back to Signature Homes Queenstown Lakes & Central Otago in the form of a commercial lease agreement.

About

Signature Homes

Signature Homes has been in business since 1983 and, since then, we’ve built thousands of homes across NZ. For 39 years the our name has been synonymous with quality, design and service. We’re Kiwi owned and operated, and our home collections are created to suit the requirements of our unique environment.

Signature Homes Queenstown Lakes & Central Otago is one of fourteen Signature Homes Franchises across New Zealand, and is owned and operated by Renee & Chris King.

Chris is a licenced building practitioner who brings a wealth of home construction knowledge to the region. Chris and Renee are proud Cromwell locals, who both actively work in the business on a day-to-day basis.

As a network Signature Homes has over twenty showhomes nationwide, with most sold and leased back to Signature Homes for an agreed period of time. We are known for taking great care of our showhomes, keeping wear and tear to a minimum so that, when the time comes for the owners to move in, it still feels like a brand new home.

Why invest in Longview,

Lake Hawea

Longview in Lake Hawea is a well-thought-out, master planned community which will eventually be home to 480 residences across 7 stages.

The development has 35 hectares set aside for future commercial development, with consents already in place for a childcare centre, a commercial centre with a licenced café and two recreation reserves.

Over time the developer, Universal Developments, plans to grow Longview into a significant commercial offering, servicing local needs and providing a broad range of commercial and community uses.

Lake Hawea is renowned for its recreational opportunities including boating, mountain biking, kayaking and walking. Access to Wanaka’s world-renowned ski areas is less than an hour’s drive away.

About the

Showhome

Our Showhome sits on Lot 431, a prominent site within the development

Lot 431 offers a north-facing aspect that captures all-day sun, and mountain views. The home’s layout has been designed with outdoor living in mind, and open spaces to maximise the entire 164m2 footprint.

Longview, Lake Hawea

Lot 431 | Home: 164m2 | Section: 501m2

The home’s materials have been carefully considered to complement the surrounding environment, using materials such as Linea Oblique, and Lunawood shiplap weatherboard with a natural finish.

The interior will offer a neutral palate with light timber finishes and cooler tones, helping to enhance the natural environment further.

Showhome Specification

GUARANTEES

• Home Completion Guarantee

• 10-Year Structural Guarantee

Ohakuri plan

GARAGE DOOR

• Coloured steel automatic garage door with two remotes

• Dominator Futura

• 10-Year Weathertightness Guarantee 2-Year Maintenance Guarantee

• No Hidden Extras Guarantee

• Total Price Guarantee

• Completion Date Guarantee Satisfaction Guarantee

PRELIMINARY INFORMATION

• Fixed Price Contract

• Quality service and back-up from a nationally branded Franchise

• Free Site inspection

• Guaranteed Construction according to NZS3604

• Builders All-Risk and Liability Insurance Cover Professional clean and rubbish removal prior to moving in Full Project Management

• Building Consent fees included

KITCHEN

• Kitchen designed by Mastercraft Kitchens with tiled splash-back

• Soft close drawers

• Coloured meltica cabinets with Acrylic benchtops

BATHROOM, ENSUITE, WC & LAUNDRY

• Clearlite Pinnacle 900mm white wall-hung vanities

• Mirrors to vanities

• LeVivi Milan tapware

• LeVivi Milan slide shower

• Square 1m x 1m shower with chrome trim LeVivi Marbella freestanding bath

• Clark round Alto II BTW WC suite

• Heiko toilet roll holders

• Ladder heated towel rail Robinhood ST3101 laundry tub 2 external taps

ROOFING, FASCIA & SPOUTING

• Long run coloursteel roofing corrugate

• Coloured steel metal fascia and spouting

• Coloured steel metal downpipes

EXTERIOR CLADDING

• James Hardie linea oblique (vertical)

• Feature Lunawood (horizontal)

INSULATION

• PinkBatts R2.8 insulated exterior walls (excl garage)

• PinkBatts R3.6 insulated ceilings (Including Garage)

EXTERIOR JOINERY (DOORS & WINDOWS)

• Double glazed joinery (Including Garage)

• Powdercoated aluminium T&G entrance door (includes lockset)

• Powdercoated aluminium exterior joinery

• Etchlite obscure glazing to bathroom, ensuite and WC where applicable

• Urbo colour-matched Hardware

INTERIOR FINISHING DETAILS

• 10mm GIB Board walls

• 13mm GIB Board ceilings

• GIB Aqualine to ‘wetrooms’ Stopped to a ‘Level 4’ finish

• Square stopped to ceilings

• Pine skirting to wet areas

• Pine door jambs and window reveals

• Three coat paint system

• Painted ‘Flush’ interior doors

• Windsor interior door handles

• Wire shelving wardrobe joinery to all bedrooms and linen cupboard

FLOOR COVERINGS

• Scandia LVT to entry, kitchen, ensuite, bathroom, and WC areas as per plans

• Belgotex - Chalet / Empire carpet & 11mm med density underlay

• Tiled ensuite with tiled shower

APPLIANCES

• Haier HDW13V1S1 dishwasher

• Haier HCE604TB3 60cm ceramic cooktop

• Haier HWO60S4LMB2 65L 4 function oven

• Haier HC60PLX4 60cm rangehood

ELECTRICAL

• LED downlights

• Smoke alarms included

• 180L hot water cylinder

• Smart Wired Board included

• Ventilation to bathroom and ensuite (where applicable)

HEATING

• 8Kw Heatpump

SITEWORKS

• Build platform (fixed price)

• Driveway & patios

Landscaping

Plan

The section is a flat, easy-care 501 m2 site, which will enjoy all-day sun and a view of Lake Hawea’s mountains.

The landscaping plan is about maximizing the outdoor areas, including an outdoor fire, alfresco dining area, manicured lawns framed with colourful floral options and fragrant ornamental trees.

The new driveway will create a welcoming entrance, using hedging and a formal garden. The clothesline is thoughtfully placed, tucked away from view, surrounded by fragrant gardenia shrubs.

Overview

The proposal is for the sale of our Longview Showhome, in the form of an investment property, which is then leased back to Signature Homes Queenstown Lakes & Central Otago.

The sale lease agreement is for a minimum of a 24-month period, with right of renewal by Signature Homes Queenstown Lakes & Central Otago for a further 12- months. During the lease period the Showhome will be staged, and immaculately presented to be used as a selling tool.

The agreement can be by way of a Deed Of Lease or a Residential Rental Agreement.

Showhome Investment

Cost of house and land (including landscaping) $1,230,000

Lease returns $55,350 Per Annum. $1,064.42pw (4.5% ROI)

Rental to be paid 2+1 Year Lease

Asking Price for Similar Homes in the Area

314 Domain Road, Lake Hawea

$1,074,000

Lot 425 Longview, Lake Hawea $1,095,000

Lot 426 Longview, Lake Hawea $1,275,000

Time Frames

Construction begins September 2022

Construction complete March 2023

Lease period March 2023 - March 2025

Right to renew March 2025 – March 2026

Rental Comparison

29 Dingle Street, Lake Hawea, Wanaka

- Three bedrooms

- Two bathrooms

- Open plan kitchen & living

- Outdoor living area

- Separate laundry

$650 per week

Signature Homes

Guarantees

and meaningful residential building guarantees in New Zealand.

Home Completion Guarantee

Your payments to us are 100% secure, ensuring that you receive Your Home, Your Way, on budget, in accordance with the specification in your Building Agreement.

Two Year Maintenance Guarantee

One of the best things about moving into a brand new home is the fact that you don’t have to fix up anything. You’ll receive a maintenance guarantee for two years, giving you more time to enjoy living in your home, rather than fixing it.

Ten Year Structural Guarantee

Your new home will stand the test of time.

Ten Year Weathertightness Guarantee

We have great faith in our builders and the products we use, so much so that we guarantee all our homes will be warm, dry and healthy to live in for years to come

No Hidden Extras Guarantee

We believe the price we give you up front should be the same price you pay. We guarantee that we won’t sneak anything else into your price, meaning there are no nasty surprises when it comes to building your dream home.

Guaranteed Completion Date

When we tell you when you can move into your new home, we mean it – otherwise we pay! Knowing exactly which date you will be moving in makes it easier to organise the sale of your existing home, or the final date of your rental agreement as well as moving vehicles and the all-important house warming.

Total Price Guarantee

At Signature Homes, we guarantee that the price we give you when you sign your Building Agreement is the same price you will pay for your new home, excluding any authorised variations. No nasty budget blow-o uts, no surprise costs and no scary extra fees