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Key selling points
- Low deposit - No cash required when using the bond option
- Discounts of up to 9%
- Guaranteed rent for 1 year
- Management Fees paid for 2 years
- All white goods included
- 18 month build programme, huge off plan growth potential
ONLY A LIMITED NUMBER OF UNITS AVAILABLE WITH GUARANTEED RENT AND FREE FURNITURE PACK !!
We have negotiated an excellent package on behalf of our clients. This investment opportunity will appeal to investors wishing to receive a low priced property with high rental returns. The Eclipse is a 18 month off plan apartment development which houses a range of one and two bedroom apartments. The apartments boast a pool and gymnasium and we have negotiated the following additional benefits for our investors -
Discounts of up to 9%!
The developer has just slashed the prices across the board by $20,000 - $65,000NZD, this equates to approximately 9% instant equity.
FREE Furniture Package!
Each purchaser will receive a FREE furniture package for their apartment. Renting an apartment in Auckland city with a furniture package will increase your rental income by approx $50 per week. So a free furniture pack equates to extra income at no added cost!
Rental Guarantee For One Year!
The developer will also offer a one year rental guarantee at market rates for each new purchaser!
Body Corporate (Management) Fees Paid for Two Years!
On top of all the above benefits the developer will pay for the body corporate fees for the first two years. This will increase your cash flow returns even further. This is a further saving of approximately $5,000NZD.
FREE Deposit Bonds!
If you are looking to secure the property by way of Deposit Bond, the developer will pay for the cost of the bond, which means you can secure a property with nothing to pay until completion, late 2009! Please read further down for more information on deposit bond investing.
The Eclipse's central location means that all the amenities, cafés, restaurants, nightlife are on your doorstep. The style and layouts will be appealing to the professional type of occupant with the pool and gym being of particular appeal. All this coupled with the fact that all the apartments for sale are to be sold at 9% below market valuation price too. Exceptional buying.
Price Range
£106,000 - £165,000
Key Features of Eclipse Apartments
- Discounted luxurious 1 & 2 bedroom apartments
- Secure a beautiful inner-city apartment with only 15% deposit, no more to pay until late 2009
- Deposit bond paid by developer – therefore no money down until late 2009
- FREE Furniture package!
- One year Rental Guarantee at market rates!
- Body Corporate fees paid for by developer!
- Multi-currency loans available on these apartments. Interest rates from 4%pa
- Modern, spacious open flow living area
- Quality appliances including fridge, dishwasher, oven, waste disposal
- Internal pool and gymnasium
The major attributes of the Eclipse are its location and style. Situated in the heart of Auckland you are 10 minutes from the harbour front, restaurants, shopping, University, work and 10 minutes walk to the hospital. All the city amenities are on your doorstep.
Why you should Invest in Auckland, New Zealand
- No Capital Gains Tax in New Zealand
- No Stamp Duty or Land Tax
- No Inheritance Tax in New Zealand
- The city is growing twice as fast as any other city in New Zealand
- By 2021, Auckland will be home to 2 million people
- Auckland officially has 33% of New Zealand’s population and 30% of New Zealand’s economic growth
- $2 billion investment is underway for rail and subway infrastructure
- Ranked 5th best city in the world - 2007 Worldwide Quality of Life Survey
- Host to the 2011 Rugby World Cup and the 2015 Cricket World Cup
The demand for Auckland rental properties is exceeding supply. The increased costs of land, building and developers’ compliance costs make it less affordable for new development. These factors all contribute to the next phase of the property cycle, as rents rise and interest rates fall, property prices increase. Auckland has some outstanding fundamentals for excellent long term capital growth. It’s New Zealand’s largest city with a population of 1.8 million and a strong growth rate. This spectacular city has a breathtaking harbour and amazing beaches. Auckland provides an exceptional opportunity for investors interested in maximising their capital growth and maintaining strong rental yields.
Why you should use a Deposit Bond Instead of Cash
- Reduce your cash outlay. With this project your cash outlay is ZERO with a bond compared with 15% cash deposit.
- Safe, simple and secure. Guaranteed by one of the world's largest insurance groups.
- Allows you to leave your hard earned cash invested until completion.
- No need to raise a deposit by refinancing existing assets. This is not only difficult in this current market but it is also expensive.
- Don’t risk your cash.
Multi-Currency Lending
Multi-Currency lending is an exciting new avenue for borrowing money to invest in New Zealand real estate. In brief a Multi-Currency loan enables you to borrow the money for the property in a different currency. At the moment our clients are borrowing on the Swiss Franc which has interest rates of only 3.9%. This is a huge saving compared to the current interest rates in New Zealand and, by structuring your Multi-Currency loan effectively, you can make your New Zealand property cash flow positive.
The Eclipse Apartments development meets the banks’ requirements and hence is eligible for this type of financing. At the moment to be eligible you have to be living outside of New Zealand and Australia.
Contact Us
We have an administration service, which is designed to assist an overseas investor enter the New Zealand market with 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.
PLEASE NOTE: NON NEW ZEALAND INVESTORS SHOULD SEEK PROFESSIONAL ADVICE FROM A SUITABLY QUALIFIED TAX PROFESSIONAL TO ASCERTAIN HOW HOLDING OVERSEAS PROPERTY MAY AFFECT THEIR TAX POSITION IN THE COUNTRY IN WHICH THEY ARE DOMICILED.
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