Property

Work begins on Nelson lakeside development

Work is now underway on the residential development of Beechnest, on the shores of Lake Rotoiti at the gateway to the Nelson Lakes National Park – with strong demand seeing three-quarters of the released properties already sold.

Wednesday, September 19th 2007

Featuring 61 lots for residential development and one for commercial, the Beechnest site near the township of St Arnaud is one of only a few sites available for development around the Nelson Lakes. Properties on the 12.1-hectare development range from 1000m2 to 1450m2.

“With such a limited supply of residential land in the area and the prime position of Beechnest, we have seen high levels of interest in this development,” says Property Ventures sales manager, Luke Richardson.

Of the 42 Beechnest sections that have been released to the market, 30 have already been sold.

The Nelson Lakes National Park is renowned for its extensive honeydew beech forests, and incorporates two lakes, Lake Rotoiti and Lake Rotoroa.

Framed by snow-capped mountains and flanked by Lake Rotoiti, the majority of allotments at Beechnest will offer elevated views over the St Arnaud mountain range and Mt Robert.

Richardson says landscape planting will be of species indigenous to the St Arnaud locality and the absence of boundary fences will preserve the open, rural feel.

Located just 120km from Nelson and 100km from Blenheim, St Arnaud is a popular visitor destination with a variety of local amenities and attractions. The town is the gateway to the Nelson Lakes, and offers access to both Golden and Tasman Bays, and the Marlborough wine region.

“Travelling distances make St Arnaud an extremely attractive destination from Nelson, Blenheim and also Christchurch – although it remains largely undiscovered by the Christchurch market at this point,” says Richardson.

Beechnest construction work is expected to be completed by early 2008.

 

Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
TSB Special 6.75
Westpac Special 6.75
China Construction Bank 6.75
ASB Bank 6.75
ICBC 6.75
AIA - Go Home Loans 6.75
Kiwibank Special 6.79
Co-operative Bank - Owner Occ 6.79
ANZ Special 6.79
ASB Bank 6.39
Westpac Special 6.39
AIA - Go Home Loans 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
TSB Special 6.59
Kainga Ora 6.99
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

More Stories

Rate cuts needed to lift mood

Wednesday, April 17th 2024

Rate cuts needed to lift mood

The enthusiasm that followed the change in government, mainly from property investors, has waned as homeowners and buyers hang out for interest rate cuts, says Kiwibank.

Support for regulation

Monday, March 18th 2024

Support for regulation

REINZ has emphasised the need for property management regulation to Parliament’s Social Services and Community Committee.

A better investment market

Thursday, March 14th 2024

A better investment market

“Reinstatement of interest deductibility starting from the new tax year on 1 April brings property investors back in line with every other business in the country, where interest costs are a legitimate deductible expense," Tim Horsbrugh, New Zealand Property Investors Federation (NZPIF) executive committee member says.

[OPINION] Recessionary times

Thursday, March 14th 2024

[OPINION] Recessionary times

It is not the best out there for many businesses and property sector people. Sales are down across the board, our clients’ confidence is falling, and there is a lot of uncertainty.