305 Armagh Street Building the Most Liveable Country - Christchurch - Williams Corporation
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305 Armagh Street Christchurch One, Two and 3 Bedroom Townhouses with On-Street Carpark Building the Most Liveable Country
305 ARMAGH STREET 305 Armagh Street Christchurch One, Two and 3 Bedroom Townhouses with On-Street Carpark Affordable City Living Our Townhouses, located on Fee Simple Titles, are the most popular products our company has created. With several similar projects selling down in record timeframes, we are excited to be releasing this property. Contents Design and External Colours Page 3 Location Page 4 Landscape Plan Page 5 Survey Plan Page 6 Floor Plan(s) Page 7 External and Internal Quality Page 8 and Internal Colours Build Specifications, Colour Schedule Pages 9–10 and Chattels List Price List Page 11 Rent Appraisal(s) Pages 12–16 Airbnb Appraisal(s) Page 17–20 About Williams Corporation Page 22 Meet the Team Pages 23–24 How We Build Homes Better Pages 25–26 House prices nationwide are tipped to soar Pages 27–28 by 20 per cent over the next four years A Big Problem We Are Solving... Page 29 Why Buy in Christchurch? Page 30 Warranty and Maintenance Page 31 The Differences Between a Residents Page 32 Agreement and a Body Corporate How to Purchase a Property Page 33 from Williams Corporation Contact Us Page 34 Testimonials Page 35 Here’s How New Zealanders Get Rich Page 36 Building the Most Liveable Country Page 2
305 ARMAGH STREET We are very proud of the design appeal of this development. Design With BGC Weatherboard coloured Smooth Cream and The Brickery Schist coloured Black Mountain, extensive landscaping with beautiful cherry blossoms and elegant pergolas identifying your formal entrance way. This simple yet tasteful design is market leading with Townhouse construction. Resulting in a highly appealing visual aspect, while maintaining extreme functionality and low maintenance. Colours External Designer Panel The Brickery Windows, Roof, Fasica, Soffits Pergola features (Main Cladding) Schist feature Front Door Gutter, Downpipes Resene Half Pergola colour to Smooth Cream Black Mountain Matt Black Black / Ebony Black White match cladding with galvanized steel brackets painted black Page 3
305 ARMAGH STREET Located within the Four Avenues on Armagh Street, Location these Townhouses are walking distance to New Regent Street, Margaret Mahy Family Playground and many other amenities. It is with no doubt that finding new homes at an affordable price point is only going to get increasingly harder as Christchurch City’s population grows. 305 4 1 3 2 5 What’s nearby? 1 Margaret Mahy Playground 650m 2 Cashel Mall 1.5km 3 The Terrace 1.9km 4 Hagley Park 2km 5 Christchurch Hospital 2.8km Building the Most Liveable Country Page 4
1 5 4 Pt Sec 98 DISCLAIMER: PROPOSED MEMORANDUM OF EASEMENTS 6 THIS DRAWING SHALL ONLY BE USED FOR THE PURPOSES AGREED BY ENVIVO LTD AND ITS PURPOSE SHOWN BURDENED LAND BENEFITED LAND DP 70655 DP 371683 DP 371683 TN Res Christchurch CLIENT. DP 371683 ENVIVO LTD ACCEPTS NO LIABILITY OR RESPONSIBILITY WHATSOEVER FOR, OR IN RESPECT OF, A LOT 1 LOT 2 5/188 Chester Street East 4/188 Chester Street East 192 Chester Street East ANY USE OF, OR RELIANCE UPON THIS DRAWING BY ANY THIRD PARTY. 186 Chester Street East '40" 6/188 Chester Street East 89°48'55" 10.03 269°49 269°49'40" 20.02 SCALE WITH CAUTION. THIS DRAWING MAY HAVE DEFORMED DURING REPRODUCTION. IF B LOT 2 LOT 1 0.03 CLARITY IS REQUIRED, REFER TO ENGINEER. THE CONCEPTS AND INFORMATION CONTAINED IN THIS DRAWING ARE THE COPYRIGHT OF C LOT 2 LOT 3 ENVIVO LTD. USE OR COPYING OF THIS DRAWING IN WHOLE OR PART WITHOUT WRITTEN 0.08 PERMISSION OF ENVIVO LTD CONSTITUTES AN INFRINGEMENT OF COPYRIGHT. D LOT 3 LOT 2 359°48'55" E LOT 3 LOT 4 NOTES: · BOUNDARY DIMENSIONS SHOWN ARE SUBJECT TO SURVEY APPROVAL BY F LOT 4 LOT 3 LAND INFORMATION NEW ZEALAND. G LOT 4 LOT 5 · PUBLIC AND PRIVATE DRAINAGE INFORMATION IS NOT SHOWN ON THIS PLAN. H LOT 5 LOT 4 · UTILITIES INFORMATION IS NOT SHOWN ON THIS PLAN. · ADDITIONAL EASEMENTS, COVENANTS AND OTHER LEGAL INSTRUMENTS I LOT 6 LOT 7 n PERTAINING TO THIS SITE MAY NOT BE REPRESENTED ON THIS PLAN. J LOT 7 LOT 6 · AREAS AND MEASUREMENTS ARE APPROXIMATE ONLY AND SUBJECT TO FINAL SURVEY. K LOT 7 LOT 8 L LOT 8 LOT 7 M LOT 8 LOT 9 N LOT 9 LOT 8 PARTY WALL LOT 6 LOT 7 LOT 8 LOT 9 LOT 10 LOT 11 O LOT 9 LOT 10 P LOT 10 LOT 9 118 m² 80m² 80 m² 80m² 80 m² 124 m² 0°28'55" 21.16 Q LOT 10 LOT 11 Net 114m² Net 77m² Net 77m² Net 77m² Net 77m² Net 117m² + R.O.W. 4m² + R.O.W. 3m² + R.O.W. 3m² + R.O.W. 3m² + R.O.W. 3m² + R.O.W. 7m² R LOT 11 LOT 10 S LOT 12 LOT 13 T LOT 13 LOT 12 U LOT 13 LOT 14 V LOT 14 LOT 13 W LOT 14 LOT 15 UNIT 6 UNIT 11 I J K L M N O P Q R X LOT 15 LOT 14 Y LOT 15 LOT 16 Z LOT 16 LOT 15 UNIT 7 UNIT 8 UNIT 9 UNIT 10 ZA LOT 16 LOT 17 ZB LOT 17 LOT 16 AA LOT 1 LOTS 2-17 AN AO AP AQ AR AS AB LOT 1 LOTS 2-16 AM AL AK AV AU AT CONCEPT DESIGN AC LOT 2 LOTS 3-16 FOR MARKETING PURPOSES AD LOT 2 LOTS 3-15 AE LOT 3 LOTS 4-15 UNIT 5 UNIT 12 LEGEND LOT 12 PROPOSED LOT BOUNDARIES AF LOT 3 LOTS 4-14 2 LOT 5 ROAD BOUNDARIES AG LOT 4 LOTS 5-14 AJ AW 82m² Pt Sec 91 DP 6023 ABUTTAL BOUNDARIES AH LOT 4 LOTS 5-13 114 m² Net 71m² + R.O.W. 11m² PROPOSED EASEMENT BOUNDARIES 311 Armagh Street AI LOT 5 LOTS 6-13 TN Res Christchurch Net 97m² + R.O.W. 17m² 25.67 S MEASUREMENTS (METRES) AJ LOT 5 LOTS 6-12 303 Armagh Street EXISTING BUILDINGS (EXTERIOR CLADDING) AK LOT 5 LOTS 6-8 H AI AX EXISTING WASTE WATER LINE WW WW UNIT 13 T AL LOT 5 LOTS 6 & 7 EXISTING STORM WATER LINE SW SW Page 6 AM LOT 5 LOT 6 LOT 13 EXISTING WATER SUPPLY LINE W W W G UNIT 4 EXISTING POWER LINE/UG CABLE P P AN LOT 6 LOT 5 EXISTING COMMS LINE/UG CABLE T T 69 m² AO LOT 7 LOTS 5 & 6 AH AY LOT 4 Net 65m² + R.O.W. 4m² PROPOSED BUILDINGS (EXTERIOR CLADDING) AP LOT 8 LOTS 5-7 RIGHT OF WAY ON FOOT 87 m² U PROPOSED WASTE WATER LINE WW WW 179°52'40" 50.40 AQ 359°29'35" 29.33 LOT 9 LOTS 5-8 & 10-12 PROPOSED STORM WATER LINE SW SW Net 82m² + R.O.W. 5m² AR LOT 9 LOTS 10-12 PROPOSED WATER SUPPLY LINE 305 ARMAGH STREET W W W AS LOT 10 LOTS 11 & 12 AG AZ UNIT 14 V PROPOSED POWER LINE/UG CABLE F P P AT LOT 12 LOT 11 PROPOSED COMMS LINE/UG CABLE T T AU LOT 12 LOTS 10 & 11 LOT 14 IMPERVIOUS AREA Survey Plan E UNIT 3 69 m² AV LOT 12 LOTS 9-11 LANDSCAPED AREA Net 65m² + R.O.W. 4m² AW LOT 12 LOTS 5-11 AF BA AX LOT 13 LOTS 5-12 LOT 3 W AY LOT 13 LOTS 4-12 87 m² AZ LOT 14 LOTS 4-13 Net 82m² + R.O.W. 5m² UNIT 15 X BA LOT 14 LOTS 3-13 AE BB D LOT 15 BB LOT 15 LOTS 3-14 69 m² www.envivo.co.nz BC LOT 15 LOTS 2-14 BD LOT 16 LOTS 2-15 C UNIT 2 Net 65m² + R.O.W. 4m² REV BY DATE APP'D REVISION/ COMMENTS AD BC BE LOT 16 LOTS 1-15 Y BF LOT 17 LOTS 1-16 LOT 2 Building the Most Liveable Country 87 m² UNIT 16 Z Net 82m² + R.O.W. 5m² TITLE AC BD LOT 16 B SUBDIVISION CONCEPT PLAN 69 m² Net 65m² +R.O.W. 4m² PROJECT/LOCATION A AB BE ZA 305-309 ARMAGH STREET CHRISTCHURCH CITY ZB LEGAL DESCRIPTION LOT 1 AA BF LOT 17 LOTS 1 - 17 BEING SUBDIVISION OF 127 m² LOT 1 DP 6023 & Net 120m² + R.O.W. 7m² 91 m² PART SECTION 91 UNIT 1 TOWN RESERVE CHRISTCHURCH Net 85m² + R.O.W. 6m² LOGIN NAME: BOYD THOMSON UNIT 17 RECORD OF TITLE CB371/54, 506m² & CB371/59, 1002m² ( total 1508m²) SURVEYED DRAWN DESIGNED APPROVED SD MM BT BT Pedrestrian Entry/Exit DATE DATE DATE DATE 1.80 21/11/19 22/11/19 22/11/19 26/11/19 SCALE @A1; @A3 ZONING 89°49'40" 10.06 89°49'40" 20.03 1:100; 1:200 RESIDENTIAL CENTRAL CITY Scale m PROJECT ORIG ZONE LOC TYPE RL DRG No SUIT REV 0 1 2 3 4 5 10 ARMAGH STREET 31155 -SUR - XX - XX - DR - G - 100 - S2 - P1 DATE: 26/11/2019 1:23:12 p.m. LOCATION: X:\Projects\31000\31155 - 305-309 Armagh St, Christchurch\Surveying\12dCAD\31155-SUR-XX-XX-DR-G-100-S2-P1.dwg
305 ARMAGH STREET The open plan nature of the kitchen, Upstairs are either 1 or 2 full size Floor Plan(s) living and dining provides everything bedroom(s) (Units 6 and 11 also have an you need for comfortable living. Our additional full size bedroom downstairs), extremely functional kitchen will all of which include large built-in impress, which also includes a wardrobes. Also upstairs is a full size combination washer/dryer. There is bathroom(s). a large storage space conveniently Outside is your own low maintenance, located under the stairs. private courtyard with ample space for a barbecue, table and chairs. The outdoor area also includes a storage shed along with an outdoor power supply. 1 Bedroom 2 Bedroom 3 Bedroom w.r. Dining/Living Kitchen Bedroom 2 w.r. Dining/Living Bathroom Kitchen Bathroom Bedroom 3 w.r. Bedroom 1 Ground Floor w.r. Ground Floor Ground Floor Store Bathroom w.r. Bedroom 2 w.r. w.r. Bathroom Dining/Living Bedroom Bathroom w.r. First Floor Kitchen Bedroom 3 w.r. First Floor First Floor Page 7
305 ARMAGH STREET Quality is paramount in our properties Finishing with European tiles, washable Internal Quality External and and only the best products are going paint and upgraded magnesium oxide into the construction and fit out of our flooring, giving the first floor that concrete developments. Starting with an engineered feel. All our products are purchased from gravel base and concrete raft foundation, large industry leading companies, to ensure then laminated veneer framing, coupled reliability and quality. with double glazed windows, solid air barriers, upgraded glass wool insulation, which is guaranteed for 70 years and aerated concrete intertenancy walls. Images of the living, lounge and kitchen are indicative of a 2 bedroom property. Images used throughout this Information Pack are indicative only. All properties are painted in beautiful Colours Internal modern tones to create a feeling of warmth and space throughout. The neutral tones allow you to add your own unique touch with furniture, artwork and other accessories. Tiles Carpet Kitchen Kitchen Splashback Ceiling / Blinds Cabinetry Bench Trim / Doors / Walls Building the Most Liveable Country Page 8
305 ARMAGH STREET Build Specifications Specifications, Colour Schedule and Chattels List General Specifications Internal Doors Paint finish flush panel MDF doors Gib sliders to robes Entry Door Latitude panel Hardware Schlage Windows Double glazed, powder coated aluminum Electrical LED lighting, sockets, general connections, phone and tv jacks, heated towel rails and bathroom fans. Heating Fujitsu 5kw heat pump Water Heater 180L hot water cylinder Paint Resene Spacecoat Roof .4mm Colour Steel corrugated roofing Fascia Colour Steel Gutter Colour Steel Downpipes Colour Steel Cladding BGC Weatherboard and Schist Interior Lining Insulation Batts R 2.6 wall batts, R 3.6 ceiling batts Gib Walls and ceilings, standard gib to engineer requirements Gib Stopping Level 4 finish, square stop to ceiling Skirting and Architraves MDF 60mm square finish skirting, 40mm square finish architraves, pine skirting to wet areas Kitchen Oven Fisher and Paykel 60cm built-in oven Hob Fisher and Paykel 60cm ceramic cook top Dish draw Fisher and Paykel stainless steel dish draw Rangehood Fisher and Paykel built in Power Pack Washer/Dryer Fisher and Paykel Washer/Dryer Combo Refrigerator/Freezer Haier Top Mount Microwave Fisher and Paykel 60cm Built-In Combination Bathroom Shower Acrylic shower tray, tiled walls Vanity Brighton 900mm wall hung vanity white gloss Heating Chrome heated towel rail Mirror Mirror over vanity Tapware Metro series basin, shower, kitchen mixer Toilet Back to wall soft close with integrated bidet Page 9
305 ARMAGH STREET Build Specifications Specifications, Colour Schedule and Chattels List Internal Colours Tiles European off white tile Carpet Virga Cloud Kitchen Cabinetry Hamptons Elm Kitchen Bench Engineered Marbello Snowdrop Splashback Clear glass Ceiling/Trim/Doors/Walls Resene Half Black White Blinds Chalk block out blinds External Exterior Cladding BGC Weatherboard coloured Smooth Cream and The Brickery Schist coloured Black Mountain Roof, Fascia, Gutter, Downpipe colour Ebony Soffits Resene Half Black White External Joinery and Front Door Matt Black Tap(s) x2 for Townhouses and as per the Plans for Apartments Chattels List Letter box Clothes line Garden/bike shed Blinds Cook top Range hood Dish draw Refrigerator/Freezer Microwave Fixed floor coverings Light fittings Heat pump and remote Bathroom heater Towel rail Mirrors above vanity Wardrobe joinery Satellite dish Washer/Dryer Combo Smoke alarm/s pursuant to Building Code requirements Building the Most Liveable Country Page 10
305 ARMAGH STREET Price List Internal and Unit Number of Number of Site Outdoor Price Number Bedrooms Carparks Measurements Measurements 92m2 (internal) 127m2 Unit 1 2 0 $515,000 30m2 (outdoor) (120m2 net) 78m2 (internal) 87m2 Unit 2 2 0 $475,000 32m2 (outdoor) (82m2 net) 78m2 (internal) 87m2 Unit 3 2 0 $475,000 33m2 (outdoor) (82m2 net) 78m2 (internal) 87m2 Unit 4 2 0 $475,000 33m2 (outdoor) (82m2 net) 78m2 (internal) 114m2 Unit 5 2 0 $475,000 34m2 (outdoor) (97m2 net) 98m2 (internal) 118m2 Unit 6 3 0 $580,000 39m2 (outdoor) (114m2 net) 78m2 (internal) 80m2 Unit 7 2 0 $477,000 32m2 (outdoor) (77m2 net) 78m2 (internal) 80m2 Unit 8 2 0 $477,000 32m2 (outdoor) (77m2 net) 78m2 (internal) 80m2 Unit 9 2 0 $477,000 32m2 (outdoor) (77m2 net) 78m2 (internal) 80m2 Unit 10 2 0 $477,000 32m2 (outdoor) (77m2 net) 98m2 (internal) 124m2 Unit 11 3 0 $575,000 41m2 (outdoor) (117m2 net) 58m2 (internal) 82m2 Unit 12 1 0 $410,000 25m2 (outdoor) (71m2 net) 56m2 (internal) 69m2 Unit 13 1 0 $405,000 28m2 (outdoor) (65m2 net) 56m2 (internal) 69m2 Unit 14 1 0 $405,000 28m2 (outdoor) (65m2 net) 56m2 (internal) 69m2 Unit 15 1 0 $405,000 28m2 (outdoor) (65m2 net) 56m2 (internal) 69m2 Unit 16 1 0 $405,000 28m2 (outdoor) (65m2 net) 56m2 (internal) 91m2 Unit 17 1 0 $415,000 27m2 (outdoor) (85m2 net) Page 11
305 ARMAGH STREET Rent Appraisal 1 Bedroom Rental appraisal Property address: 305 Armagh Street Suburb: Central City, Christchurch Bedrooms in main dwelling: 1 Bedroom Bathrooms: One fully appointed bathroom Carpark: None Main Features: Constructed from sophisticated and smart weatherboard, features of schist and timber pergolas, this townhouse is nicely located inside the Four Avenues of Central Christchurch. Double glazed and fully insulated with heat pump keep this property warm, with quality materials, fittings and fixtures and Fisher and Paykel appliances. Open plan kitchen/dining/living on the ground floor. Upstairs includes one generous double bedroom with large built in wardrobes and one fully appointed bathroom. Additional storage space in the generous storage cupboard on the second level. Good sized, low maintenance, fully fenced and private courtyard. Garden shed and outdoor power point included in the outdoor area. Appraised rent range: $400 - $440 per week (approx.) unfurnished $450 - $490 per week (approx.) furnished Regards Lisa Taylor christchurch@inspireproperty.co.nz 0272032421 Property Manager Inspire Property Management Ltd DISCLAIMER -While care has been taken in the preparation of these, this appraisal is an indication of the rental value based on the information received and the judgement of the Property Manager. Neither the company nor the Property Manager accepts any legal liability for same. Inspire Property Management Limited I P.O. Box 17251 Greenlane - Auckland 1546 Head office – 185D Marua Road, Mt Wellington – Auckland I inspireproperty.co.nz Building the Most Liveable Country Page 12
305 ARMAGH STREET Rent Appraisal 2 Bedroom Rental appraisal Property address: 305 Armagh Street Suburb: Central City, Christchurch Bedrooms in main dwelling: 2 Bedrooms Bathrooms: One fully appointed bathroom Carpark: None Main Features: Constructed from sophisticated and smart weatherboard, features of schist and timber pergolas, this townhouse is nicely located inside the Four Avenues of Central Christchurch. Double glazed and fully insulated with heat pump keep this property warm, with quality materials, fittings and fixtures and Fisher and Paykel appliances. Open plan kitchen/dining/living on the ground floor. Upstairs includes two generous double bedrooms with large built in wardrobes, with a full sized, fully appointed bathroom. Additional storage space in the generous storage cupboard on the second level. Good sized, low maintenance, fully fenced and private courtyard. Garden shed and outdoor power point included in the outdoor area. Appraised rent range: $480 - $520 per week (approx.) unfurnished $530 - $570 per week (approx.) furnished Regards Lisa Taylor christchurch@inspireproperty.co.nz 0272032421 Property Manager Inspire Property Management Ltd DISCLAIMER -While care has been taken in the preparation of these, this appraisal is an indication of the rental value based on the information received and the judgement of the Property Manager. Neither the company nor the Property Manager accepts any legal liability for same. Inspire Property Management Limited I P.O. Box 17251 Greenlane - Auckland 1546 Head office – 185D Marua Road, Mt Wellington – Auckland I inspireproperty.co.nz Page 13
305 ARMAGH STREET Rent Appraisal 2 Bedroom Rental appraisal Property address: 1/305 Armagh Street Suburb: Central City, Christchurch Bedrooms in main dwelling: 2 Bedrooms Bathrooms: Two fully appointed ensuites, 1 guest toilet Carpark: None Main Features: Constructed from sophisticated and smart weatherboard, features of schist and timber pergolas, this townhouse is nicely located inside the Four Avenues of Central Christchurch. Double glazed and fully insulated with heat pump keep this property warm, with quality materials, fittings and fixtures and Fisher and Paykel appliances. Open plan kitchen/dining/living and guest toilet on the ground floor. Upstairs includes two generous double bedrooms with large built in wardrobes, with 2 fully appointed ensuites, 1 for each bedroom. Additional storage space in the generous storage cupboard on the second level. Good sized, low maintenance, fully fenced and private courtyard. Garden shed and outdoor power point included in the outdoor area. Appraised rent range: $480 - $520 per week (approx.) unfurnished $530 - $570 per week (approx.) furnished Regards Lisa Taylor christchurch@inspireproperty.co.nz 0272032421 Property Manager Inspire Property Management Ltd DISCLAIMER -While care has been taken in the preparation of these, this appraisal is an indication of the rental value based on the information received and the judgement of the Property Manager. Neither the company nor the Property Manager accepts any legal liability for same. Inspire Property Management Limited I P.O. Box 17251 Greenlane - Auckland 1546 Head office – 185D Marua Road, Mt Wellington – Auckland I inspireproperty.co.nz Building the Most Liveable Country Page 14
305 ARMAGH STREET Rent Appraisal 3 Bedroom Rental appraisal Property address: 305 Armagh Street Suburb: Central City, Christchurch Bedrooms in main dwelling: 3 Bedrooms Bathrooms: 2 ensuites, 1 fully appointed bathroom Carpark: None Main Features: Constructed from sophisticated and smart weatherboard, features of schist and timber pergolas, this townhouse is nicely located inside the Four Avenues of Central Christchurch. Double glazed and fully insulated with heat pump keep this property warm, with quality materials, fittings and fixtures and Fisher and Paykel appliances. Open plan kitchen/dining/living on the ground floor along with bedroom 1 with ensuite that doubles as the guest bathroom. Upstairs includes two generous double bedrooms, one has an ensuite, large built in wardrobes and one fully appointed bathroom. Additional storage space in the generous storage cupboard on the second level. Good sized, low maintenance, fully fenced and private courtyard. Garden shed and outdoor power point included in the outdoor area. Appraised rent range: $550 - $600 per week (approx.) unfurnished $600 - $650 per week (approx.) furnished Regards Lisa Taylor christchurch@inspireproperty.co.nz 0272032421 Property Manager Inspire Property Management Ltd DISCLAIMER -While care has been taken in the preparation of these, this appraisal is an indication of the rental value based on the information received and the judgement of the Property Manager. Neither the company nor the Property Manager accepts any legal liability for same. Inspire Property Management Limited I P.O. Box 17251 Greenlane - Auckland 1546 Head office – 185D Marua Road, Mt Wellington – Auckland I inspireproperty.co.nz Page 15
305 ARMAGH STREET Rent Appraisal Rent Appraisal for 305 Armagh St, Christchurch 20 November 2019 1 Bedroom Townhouse Current rental market in Christchurch Central - 1 bedroom dwellings of a comparable standard listed on Trade Me 3 /269 Barbadoes St $370 unfurnished 302 / 50 Kilmore St $425 unfurnished 79/36 Welles St $460 furnished 12/420 Hagley Ave $475 furnished Market rent data 01 May 2019 – 31 October 2019 1 bedroom apartment in Christchurch Central / Hagley Lower Quartile: $360 Median rent: $385 Upper Quartile: $400 Based on assessing the property plans and the market rent analysis, we appraise the rent at: $390 - $420 per week unfurnished but with white ware included $420 - $460 per week furnished $125 - $164 per night on Airbnb including electricity, internet, and bed and bath linen 2 Bedroom Townhouse **1 bathroom** Current rental market in Christchurch Central - 2 bedroom dwellings of a comparable listed on Trade Me 6/18 Salisbury St $420 unfurnished 3/167 Peterborough St $420 unfurnished, car park 282 Madras St $495 furnished, 2 bath, car park 2/18 Salisbury St $500 furnished, garage Market rent data 01 May 2019 – 31 October 2019 2 bedroom apartment in Christchurch Central / Hagley Lower Quartile: $350 Median rent: $400 Upper Quartile: $450 Based on assessing the property plans and the market rent analysis, we appraise the rent at: $430-$450 per week unfurnished but with white ware included $450-$490 per week furnished $131 - $193per night on Airbnb including electricity, internet, and bed and bath linen 3 Bedroom Townhouse **2.5 bathrooms** Current rental market in Christchurch Central - 3 bedroom dwellings of a comparable listed on Trade Me 3/42 Chester St West $480 unfurnished, car park 1/250 Worcester St $520 unfurnished, garage 4/237 ArmaghSt $580 unfurnished, garage, *vacant* 277 Kilmore St $600 furnished, car park Market rent data 01 May 2019 – 31 October 2019 3 bedroom apartment in Christchurch Central / Hagley Lower Quartile: $407 Median rent: $450 Upper Quartile: $547 Based on assessing the property plans and the market rent analysis, we appraise the rent at: $490-$540 per week unfurnished but with white ware included $540-$580 per week furnished $275 per night on Airbnb including electricity, internet, and bed and bath linen Please note these rental appraisals do not constitute valuations. Rachel Hurford Property Manager / Director Max Property Management Ltd 021 125 9767 rachel@maxproperty.co.nz Max Property Management www.maxproperty.co.nz tel 03 337 3132 PO Box 12016 Christchurch 8242 Building the Most Liveable Country Page 16
305 ARMAGH STREET Airbnb Appraisal 23/11/2019 Williams Corporation 79 Lichfield Street Level 3 Central City, 8011 Airbnb Appraisal for 305 Armagh Street Units 1-5, Christchurch Suburb: Christchurch Central Bedrooms: One Bathrooms: One Carparks: None Property Description: These townhouses are centrally located on Armagh Street only a short walk from the CBD. Each unit has 78m2 of space with two bedrooms, one bathroom and a fully equipped kitchen kitted out with luxury Fisher and Paykel appliances including a dish draw, range hood, oven, hob and washer/dryer. The exterior is a combination of cream weather board, black mountain schist and black timber pergolas at the front entrances. Airbnb appraised income: $100-$140 per night Owners expenses: internet, power, rates, commercial insurance. Disclaimer: Owner may be subject to obtaining resource consents although the likelihood of the council enforcing this is low at this stage. Appraisal provided by Rose Bos, 0279 139 377 Page 17
305 ARMAGH STREET Airbnb Appraisal 23/11/2019 Williams Corporation 79 Lichfield Street Level 3 Central City, 8011 Airbnb Appraisal for 305 Armagh Street Units 12-17, Christchurch Suburb: Christchurch Central Bedrooms: One Bathrooms: One Carparks: None Property Description: These townhouses are centrally located on Armagh Street only a short walk from the CBD. All units have one bathroom and a fully equipped kitchen kitted out with luxury Fisher and Paykel appliances including a dish draw, range hood, oven, hob and washer/dryer. The exterior is a combination of cream weather board, black mountain schist and black timber pergolas at the front entrances. Airbnb appraised income: $100-$140 per night Owners expenses: internet, power, rates, commercial insurance. Disclaimer: Owner may be subject to obtaining resource consents although the likelihood of the council enforcing this is low at this stage. Appraisal provided by Rose Bos, 0279 139 377 Building the Most Liveable Country Page 18
305 ARMAGH STREET Airbnb Appraisal 23/11/2019 Williams Corporation 79 Lichfield Street Level 3 Central City, 8011 Airbnb Appraisal for 305 Armagh Street Units 6-11, Christchurch Suburb: Christchurch Central Bedrooms: Three (units 6 & 11), Two (units 7-10) Bathrooms: One Carparks: None Property Description: These townhouses are centrally located on Armagh Street only a short walk from the CBD. All units have one bathroom and a fully equipped kitchen kitted out with luxury Fisher and Paykel appliances including a dish draw, range hood, oven, hob and washer/dryer. The exterior is a combination of cream weather board, black mountain schist and black timber pergolas at the front entrances. Airbnb appraised income: $115-$150 per night for units 7-10 $150-200 for units 6 and 11 Owners expenses: internet, power, rates, commercial insurance. Disclaimer: Owner may be subject to obtaining resource consents although the likelihood of the council enforcing this is low at this stage. Appraisal provided by Rose Bos, 0279 139 377 Page 19
305 ARMAGH STREET Airbnb Appraisal 19 November 2019 Williams Corporation Ltd Thank-you for allowing me to provide this Airbnb Appraisal for the properties at 305 Armagh St, Central Christchurch. These apartments are suited to both the tourist and local business traveller market with convenient access to office buildings, bars/restaurants and the many cafes the city has to offer. It is becoming very popular for investors to enter the Airbnb market as the returns can often be much greater than long term residential tenancies. This is because the property is let out on a nightly rate rather than a weekly one. We are able to provide a service which enables you to get this result without having the stress of handling guests and managing bookings which can be rather labour intensive. We anticipate the properties above being able to achieve the following nightly rates: Two Bedroom, two storey units Units 1-5 and 7-10 $120-$140 per night with Winter receiving approximately 70% occupancy ($588-$686) and Summer receiving approximately 80% occupancy ($672-$784). Three Bedroom, two storey units Units 6 and 11 $160-$240 per night with Winter receiving approximately 70% occupancy ($784-$1176) and Summer receiving approximately 80% occupancy ($896-$1344). One Bedroom, two storey units Units 12-17 $100-$120 per night with Winter receiving approximately 80% occupancy ($560-$672) and Summer receiving approximately 95% occupancy ($665-$798). As guests only occupy the property for a few days at a time it is far less likely to suffer the long-term wear and tear that a long term residential property might receive. It would be a pleasure to assist you with the management of your investment property. Please feel free to get in touch to discuss how this could work for you. Warmest Regards Tony Wylie and Your GreetMe Team! PH: 022 699 3684 EM: info@greetme.co.nz WS: www.greetme.co.nz FB: Facebook/greetmeNZ Building the Most Liveable Country Page 20
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305 ARMAGH STREET Williams Corporation do property Williams Corporation see both Auckland Corporation About Williams development and investment in Auckland and Christchurch as world class cities with and Christchurch. Our well-built exceptional value moving forward. We are Townhouses and Apartments are the totally committed to building Auckland future for New Zealand housing and a and Christchurch into the most liveable desirable solution to the housing crisis. cities. Meet our team below and reach out to discuss your next property investment. Team Management Meet the Matthew Blair Horncastle Chappell Managing Director Managing Director Matthew manages, on a daily basis, Blair is responsible for product and land acquisition, development design, contractor procurement, pricing, site resource consents, development sales, management along with building marketing and finance. Matthew is consents. As a qualified business analyst a qualified builder and has been in and having been in the construction the construction industry for over industry for over 7 years, Blair loves 9 years. Matthew is extremely everything about development, including high energy and passionate about watching a development go from an idea Williams Corporation’s purpose to on a set of plans to a finished product, build Auckland and Christchurch complete with home owners and tenants. into the most liveable cities. Kathryn Scott Nathan Marshall Barclay Veevers Managing Director Group Accountant National Design Manager Kathryn has a 32 year career in construction. Kathryn overviews the Scott manages all the finances Nathan has over 20 years experience company finances and cashflow including creditors, purchase orders, in a number of architectural position and is responsible for payments, office administration and practices, ranging from large group company systems, processes, controls IRD compliance. As a qualified home builders to small architectural and oversees legal and technical Accountant, Scott has had extensive groups. As a qualified licensed documents. Kathryn has a Bachelor of experience in the construction building practitioner in design and Agricultural Science Degree, including industry, having prior roles with both previous experience as a Homestar business subjects. Kathryn creates the main contractors and suppliers. In Assessor and the Superhome vision, along with Matthew and Blair previous lives, Scott worked as a Market Movement, Nathan oversees and forms highly skilled teams to Gardener and High School Teacher. consenting throughout the country. deliver the outcomes ethically. Building the Most Liveable Country Page 22
Team 305 ARMAGH STREET Consultants Property Meet the Stephen Matt Pike Withington Property Consultant Property Consultant Stephen has over 15 years experience As a licensed builder, experienced in property sales and has helped over new-home consultant, homeowner 1000 customers either invest or own and property investor, Matt brings a residential real estate. Stephen’s wealth of technical know-how to the professional approach and strong Williams Corporation team. Matt has knowledge of market opportunities, a trusted reputation, built on positive ensures that his customers get the communication and assists customers best advice and information to with options that will perform best now enable a sound decision is made. and into the future. Matt genuinely loves Achieving financial security for his talking about property and is passionate customers is of utmost importance. about helping people achieve their goals. Greg Maxine Mitchell Freeman Thomas Podmore Property Consultant Property Consultant Property Consultant Greg has 11 years of relevant experience Maxine has over 10 years experience in Mitchell has been in the sales game for and proven history in directing and property investment, including acting 5 years plus 2 years in construction. selling investment property, helping as a buyer’s agent sourcing suitable As a Property Consultant, Mitchell over 1000 clients from around New property, enabling others to grow their provides a great understanding, by Zealand. Greg loves helping others to wealth. Prior to property, Maxine listening to customers’ needs, then achieve their dreams and believes with travelled the world as a Flight Service putting it all together, to provide having the right advice, plus the correct Manager. Maxine is extremely passionate amazing results. Mitchell is very active, structures implemented, these factors about people and property and gets being a competitive cyclist to all kinds are key to making this happen. immense satisfaction combining the two of other sports, that provide grounding together to achieve exceptional results. and knowledge to work hard and achieve great goals. Hannah Sharaine Turner Barrett Property Consultant Property Consultant Hannah is one of our Auckland based Sharaine has over 10 years experience Property Consultants and is also in the real estate and sales industry. responsible for client relationships, She is very passionate about property general enquiries and assisting with and has developed great knowledge and settlements. Hannah graduated from understanding due to purchasing and the University of Canterbury with a renovating a number of properties from Bachelor of Arts. Hannah contributes the age of just 19. Sharaine’s consultative a high level of literacy and approach ensures her clients feel communication to the team and is comfortable to make decisions with passionate about helping Kiwis gain a ease, and is dedicated and committed to firm foothold on the property ladder creating an exceptional experience while ensuring customer satisfaction when it comes to buying property. remains a priority and a point of difference for Williams Corporation. Page 23
305 ARMAGH STREET Team Consultants Property Meet the Dee Scottie Bull Muirson Property Consultant Property Consultant As a down-to-earth Mum of five Scottie has nearly 10 years experience in sports-mad kids, Dee is all about property investment and sales. Property community with a huge heart for and finance runs in his blood. Scottie helping people grow their security. With entered the property industry full time a background in design and experience after investing in property during his in the building/joinery industry, Dee is successful and adventurous military passionate about sustainable living and career in the Air Force. Scottie is driven all things eco-friendly and energy to help people achieve their life goals efficient. Dee’s appreciation for clever and to be able to live the life they dream and innovative spaces means she of. Scottie loves to assist first home understands big is not always best, buyers and investors get into the best we just need smarter homes for living housing possible. and to live smarter. Ben Carl Mandi Cloake da Costa Ussher Property Consultant Property Consultant Property Consultant Ben has over 15 years experience in Carl has over 15 years in real estate Mandi has over 15 years in sales and has the sales industry, with a background sales along with extensive experience focussed her career over the past three in solar, insulation, heating and home as a property investor, business years in real estate, working with first efficiency. Ben is very passionate owner, entrepreneur and public home buyers and investors alike. With a about helping first home buyers and speaker. Carl’s passion is helping creative flair and passion for design, investors get onto the property others achieve personal and financial Mandi has previously worked as a ladder. Ben’s collaborative approach freedom by providing enthusiastic kitchen and bathroom designer. Through helps his clients feel informed to support, encouragement and the consultation processes of creating make decisions with confidence. expertise. Carl’s belief is that nothing beautiful interior spaces, it soon became is impossible by maintaining a evident that Mandi’s greatest enjoyment positive can-do attitude. Let Carl was derived from the management of share his enthusiasm to support your relationships with clients and successful goals and property aspirations. outcomes on projects. Henri Loader Property Consultant Henri has grown up around the building industry all his life and is extremely passionate about it. Henry is a Licensed Building Practitioner with 10 years experience, which includes running his own business. Henri purchased his first house at the age of 19 and wants to help other people realise their dream of being a First Home Buyer or Property Investor. Henry truly believes that Williams Corporation has a product suitable for everyone and genuinely has a sense of responsibility to help clients confidently with their new investment. Building the Most Liveable Country Page 24
305 ARMAGH STREET How We Build Homes Better 9 7 5 6 4 8 3 2 1 Page 25
305 ARMAGH STREET How We Build Homes Better 1 2 3 Gravel Raft Engineered Slab LVL Frames Soils are stripped down and replaced Constructed on top of the gravel raft an LVL stands for laminated veneer with compacted gravel, the entire engineered slab provides the benefits lumber, LVL timber is dimensionally process is signed off and overseen by an of the concrete foundation sitting on accurate, straighter and meets or engineer. A gravel raft provides a stable the ground instead of in it. Constructed exceeds equivalent stress tests when platform and strengthens the ground with concrete, steel and polystyrene compared to standard SG8 and SG10 under your home. pods, with the process being signed off pine framing. by an engineer. 4 5 6 Plywood Flooring Insulation Hebel Intertenancy Wall Manufactured from sustainably grown With warm dry homes being paramount Hebel Powerpanel XL is made out of New Zealand Pine, plywood flooring for our construction methodology, we aerated concrete and provides fantastic has improved structural benefits when use a R3.6 ceiling batt with an R2.2 acoustic and fire resistant properties. compared with particle board flooring ceiling blanket on top, providing nearly This ensures the product separating you and feels fantastic to walk on. double the building code requirements. from your neighbours is of the highest For the external walls, we use a R2.6 quality in the market place. Because the wall batt to achieve 30% over building Hebel sits between the timber framing code requirements. With a 70 year you have full use of the intertenancy product warranty and being owned by wall in your home without comprising CSR Group, we have partnered with your fire and acoustic rating. Bradfold Gold to provide this industry leading insulation solution. 7 8 9 Solid Air Barrier LVL I-Joists Safe Building Envelope It is no surprise that the building Manufactured from sustainably grown All of our homes have longevity in code requires a solid air barrier in New Zealand Pine, LVL I-joists are half mind, we do not use internal gutters, extra high wind zones, when compared the weight of conventional softwood flat roofs or other high risk design to building paper a solid air barrier joists and are straight, uniform and elements. We use leading products both offers a more robust cavity and extra dimensionally stable. This provides a on the walls and behind them to create structural bracing on the home. lighter, stronger midfloor that has less a low maintenance home that will last chance of long term deflection. the test of time. Building the Most Liveable Country Page 26
305 ARMAGH STREET House prices nationwide are tipped to soar by 20 per cent over the next four years Article originally appeared on stuff.co.nz on June 16, 2019 After a long overdue pause in the most overheated parts Senior property economist at property data provider of the market, house prices are again tipped to soar by CoreLogic, Kelvin Davidson, said if Treasury’s forecast an average of 18.3 per cent in the next four years. was correct, it would reflect growth in regional New That is how much Treasury is predicting house prices Zealand. will rise between now and 2023 - a rise of about Property values in some parts of regional New Zealand $125,000 on the average residential house values cited are already booming - the latest Real Estate Institute by Quotable Value for March 2019. report revealed a new record median price in Gisborne, In Auckland that figure is even higher, adding about which recorded a staggering 54.4 per cent year-on-year $190,00 to the average house value of $1.03 million. rise to $440,000 up from $285,000 last May. That’s a $155,000 increase, or $2645 a day. For prospective first time buyers like Nelson mother of two Anastazja Fastier, 38, it’s putting the dream of Median house prices across New Zealand increased by home ownership further out of reach. 3.2 per cent in May to $578,000, up from $560,000 in May 2018 - and are even stronger once Auckland is Fastier said she and her husband had been saving up excluded, increasing by 7.2 per cent to $487,770 up from for a deposit to buy their first home for the past six $455,000 in May last year,. years. CoreLogic said it preferred to use the House Price Index They’ve noticed a major increase in house prices in the as a comparison, because it measures the value past three years in the Nelson region where the average movement of all properties in an area, not only those house price went from $350,000 to over $500,000. that happen to have sold in the month. “We’ve been scratching our heads thinking that maybe if we started saving earlier we would’ve been on the property ladder three years ago.” By that measure the housing market recorded a “slow and steady” rise of 1.8 per cent year on year, but the She said they are searching for the right house, but regions were still outperforming many of the larger noticed that more people are showing up to open centres. Some of that growth is attributed to an exodus homes nowadays. of Aucklanders to cheaper locations. “I think house prices will increase again when spring There are signs, however, that the recent fall in comes around. There’s going to be a mad rush and Auckland property values may have been arrested, panic. with property values up 0.5 per cent in May, according “We may end up having to wait for a few more years to CoreLogic. before we find the right place,” Fastier said. Davidson is more cautious than Treasury on how fast Stricter rules around foreign ownership and loan to and how high prices might rise - but agrees that prices value ratios (LVR) have helped slow growth in recent are more likely to rise than fall. years. “Even if it’s not quite 20 per cent across the mark as a But in this recent Wellbeing Budget, Treasury forecast whole, I still anticipate prices rising to some degree,” a return to large increases over the next four years. Davidson said. There is disagreement among property experts on how “The credit environment isn’t as easy as it has been in far and how fast prices will rise. the past, so there are still hoops people have to jump through to get those mortgages and that would be the reason I’d be a bit cautious,” Davidson said. Page 27
305 ARMAGH STREET House prices nationwide are tipped to soar by 20 per cent over the next four years Article originally appeared on stuff.co.nz on June 16, 2019 “If you’re a first home buyer or would-be first home “For people who are investing, there’s not so much buyer who is currently renting and wants to buy – any competition at the moment,” King said. house price growth is not the greatest for you because it “People are in different situations and the type of means you’ve got to save that bit more of a deposit.” property you buy varies – you have to think about your “If you’re looking at it from a purely financial point of own circumstances and take into account the political view, then the incentive is to get in as fast as you can in environment.” a rising market.” First home buyers are being pushed to the rural However, a house was more than a “financial thing” outskirts of the region by house prices that refuse to and other factors had to be taken into account such as budge, according to data from the Real Estate Institute. budget, location and what felt right for a buyer, he said. Figures released yesterday reveal a 30 percent increase A lot of home owners at the moment were choosing to in first home buyer demand in the Franklin region over sit tight and renovate, rather then trade-up, he said. the last 12 months. Franklin is a predominantly rural “Our expectation is that the market ticks along for a area located at the southernmost edge of Auckland. year or two, not going too far in any direction – not House prices have meanwhile stagnated, with a going down but not going up too strongly.” median price of $860,000 a slight increase of 1.2 Bindi Norwell, chief executive of the Real Estate percent from 12 months ago. Institute of New Zealand (REINZ), said Treasury’s More than 30,000 people have already left Auckland forecast was not unreasonable. for other parts of the country for cheaper housing in the The economy was good and despite it being difficult to four years to 2017. get funding from the bank, interest rates were low, she Economist Benje Patterson said two thirds of the said. exodus were to Northland, Waikato and Bay of Plenty, With Capital gains tax off the table, people were he said after publishing a report on the topic. probably continuing with their purchases, especially Aucklanders heading to the regions caused an increase investors, she said. in property prices in regional New Zealand, but they Buying a house was a long term gain so she suggested would also be spending money and adding to the local people took their time and entered the market when it economy, Patterson said. was right for them. A lot of people moving were young and “industrious” Predicting house prices was extremely difficult, with working years ahead of them, he said. according to Andrew King, executive officer of the This would keep regional enterprises going in regions New Zealand Property Investors’ Federation. where there was an older workforce, he said. There were many variables - with human nature being “There is a net benefit for districts even though there is the biggest. an increase in cost of housing in the short run,” He believed the forecast was on the high side, with Patterson said. properties prices seeming to be stabilising. Patterson encouraged people to not be shortsighted in King did not think people should panic but suggested it their decisions and to think about making a was a good time to get into the market or start looking. “sustainable life choice” instead of just looking at cheaper house prices, he said. Building the Most Liveable Country Page 28
305 ARMAGH STREET A Big Problem We Are Solving... An Opinion by Matthew Horncastle, Managing Director There is a big problem and culture shift across the Western World, but especially strong in New Zealand. This big problem is long term and will take generations to resolve. › People are wanting a lower mortgage, › People want a lower environmental impact so they can invest more in the things › People want to spend less time commuting that stimulate them emotionally, mentally and spiritually › The cost of land and construction continue to rise › We are having smaller families › Trending loneliness, when people › There are more single people want stronger communities › People want higher quality homes › Global population will exceed 11 billion › There is a waiting list of migrants before the end of the Century wanting to move to New Zealand › The Cities are attracting the majority › There is poor quality housing in of population growth existing suburbs that need replacement › People with money, want a better › We have accepted an inefficient return than the Banks offer and standard of housing as the norm tenants want a rental they can afford We feel our homes do an amazing job of helping this big problem and really appreciate our customers for being the solution. Page 29
305 ARMAGH STREET Why Buy in Christchurch? Thousands of jobs, billions of dollars of growth - the new blueprint to revitalise Christchurch Article originally appeared on stuff.co.nz on September 12, 2018 Ambitious new plans for Christchurch that could lead › Encourage pop-up accommodation, retail sites and to 15,000 new jobs and increase economic growth to semi-permanent installations to make the most of $24 billion have been unveiled. vacant central city land The blueprint outlines proposals for everything from › More investment in neighbourhood services property development to ways to boost housing and bring in and amenities, with potential amendments major events in a bid to drive a fresh wave of regeneration. to school zones Experts have warned that Christchurch faces a period of In a report to the Crown and the council outlining the economic vulnerability as construction projects begin to problems faced by the city and the potential solutions, tail off following a peak. Regenerate Christchurch admits there is “no silver bullet” in its recommendations. Growth has more than halved over the last four years, from a high of 5.5 per cent in 2014 to two per cent in the “Ultimately it will be a result of the interaction between the year to June, while unemployment is also rising. public sector, private sector, communities and households - all of whom will make decisions, over time, in respect of The plan, being considered by councillors on Thursday, their willingness to contribute to, participate in and benefit draws on analysis by rebuild planning body Regenerate from regeneration.” Christchurch and economic development and promotions organisation ChristchurchNZ. Writing to Regeneration Minister Megan Woods and Christchurch Mayor Lianne Dalziel, Regenerate Built on five key pillars, it aims to deliver major facilities and Christchurch chairwoman Sue Sheldon said the advice venues quickly, stimulate investment and unlock sites for was a “’call to action’ which challenges the status quo”. development, redefine leadership roles among city authorities and “relentlessly pursue residents and “There is a necessary and legitimate case for a sharper visitors”, marketing Christchurch both nationally and focus on the central city to ensure we maximise the internationally. opportunities created by this progress,” she said. How these goals are achieved is still being hammered “The opportunity presented by the investment in the out, but advice from Regenerate Christchurch and city is yet to be fully realised and a new point of ChristchurchNZ that the plan leans on outlines key vulnerability is emerging.” ambitions: A final version of the strategy will be presented to › Bringing 6,000 new residents to the central city council in November. within the next five years to support a self-sustaining Dalziel said the plan was about “creating a reason economy - previously outlined in the council’s Project to come to town and spend time there”. 8011 plan - with a longer-term goal of 24,000 more people “We all know that the key to a thriving central city is › Increasing the Canterbury population by people. We need people living, working, visiting and 16 per cent to 707,000 over the next decade doing business in the central city.” › Grow Christchurch’s gross domestic product Despite the decline in economic growth and slight rise by 24 per cent to $24 billion in unemployment which has seen Christchurch above › Create 15,000 new jobs within the central city the national average for the first time in six years, in the next five years ChristchurchNZ believes the “economic fundamentals of the city and regional economies remain strong”. › Support 500 businesses and 200 entrepreneurs for each of the next three years Its quarterly economic report argues that “while the central city has some short-term challenges, its rapid › Set up a major events strategy and bring global redevelopment over the past year significantly enhances business events to the city Christchurch’s offering as a city open for business and › Establish a fast-track residential consenting people”. process, with lower costs to reflect the priority of ChristchurchNZ senior economist Dr Peter Fieger said: inner-city development “Christchurch clearly has the capacity and platform for growth. Acting on this is the key to the city’s future success.” Building the Most Liveable Country Page 30
305 ARMAGH STREET Williams Corporation Warranty and Maintenance On all new homes that Williams Corporation payments, the deposit is held in a Solicitor’s trust build, we offer a 1 year defects period and a account and our customers have a final inspection 10 year structural warranty, pursuant with the before settlement, the Master Build Guarantee was Building Act. Williams Corporation is a company not the right structure for our business. that will be around for a very long time, with How do I get my maintenance completed? large amounts of capital and assets being held Make direct contact with any of the companies in our development entity. We make a promise mentioned in your Warranty and Maintenance to our customers that we only buy reputable Book. The Book is designed for you to be brands from reputable suppliers, who carry able to easily complete any maintenance. their own strong warranties. Alternatively, you may contact Williams When you purchase a property, you will be Corporation at any time-details below. For the first given a Warranty and Maintenance Book. year we will correct any defects, plus the property This Book details and explains all the products is covered under a 10 year structural warranty. and systems involved in building your property Further details about this Warranty can be found and what warranty they carry e.g. roofing has in your Agreement for Sale and Purchase. up to a 30 year warranty, Hebel cladding has Phone: +64 3 260 0604 up to a 20 year warranty and outdoor handles Email: office@williamscorporation.co.nz have up to a 10 year warranty. We know you’ll be happy with the systems we Why do Williams Corporation not use a have put in place because we appreciate all our Master Build Guarantee? customers. We’ve previously been involved with Master Build and although we acknowledge it has some fantastic points, it is more designed for the build contract market. As we do not take progress Page 31
305 ARMAGH STREET The Differences Between a Residents Agreement and a Body Corporate (for information purposes only) Residents Agreement Body Corporate Townhouses, on Fee Simple Titles, are a safer Apartments, are titled as Unit Titles and and better long term ownership/investment, by law, require a Body Corporate Management when there is a Residents Agreement in place. Agreement. Reasons to have a Residents Agreement Purposes of a Body Corporate Insurance: The Residents Agreement ensures Insurance: The Body Corporate is responsible there is an insurance policy in place for each for the insurance of the building, as well as any home, each year. There can be significant common areas. savings by getting the homes insured through the same Insurance Broker/Company. Future Maintenance: The common areas include the maintenance and repair of Future Maintenance: The Residents walkways, access areas, fences, gardens and Agreement’s purpose is to ensure any common sometimes rubbish collection and sometimes areas are maintained and repaired, to protect access lighting. Other areas of maintenance are the value of the homes throughout their life. visual areas such as walls and roof of the The common areas can include walkways, building and sometimes retaining walls. access areas, fences, gardens and sometimes rubbish bins. The Residents Agreement details Compliance: Compliance is required for the each owner’s obligations in relation to any building, such as access and fire compliance retaining walls and building elements. requirements. Benefits of a Residents Agreement Benefits of a Body Corporate A structure is set up, in advance, to control A structure is set up, in advance, to control the the insurance and future maintenance of the management of the insurance and any common common areas and visual areas. Funds are areas and for visual areas such as cladding of put aside, in advance, to pay for these. buildings. Funds are put aside, in advance, to pay for these. How does a Residents Agreement Work? The Residents Agreement states what How does a Body Corporate Work? is to be done. The rules are stated in a Body Corporate Agreement. The Residents Agreement requires a common account to hold any funds for The Body Corporate annual costs are shown in future repair and maintenance of any the Body Corporate Agreement. common areas. The Residents generally meet on an annual The residents vote, using a majority vote, basis and can vote and agree to use a different at an annual meeting of the residents. Body Corporate management. Residents can also vote on the matters that affect them. Building the Most Liveable Country Page 32
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