Bluewater Resort, Lake Tekapo New Zealand.

Welcome to Bluewater Resort, Lake Tekapo, New Zealand

 

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LOCATION

Set in the rich antiquity of the deep southern land, Lake Tekapo typifies the clean, untouched image of the South Island, New Zealand. Only two and a half hours from Christchurch, with the Mount Cook National Park on your doorstep, Tekapo is perfectly situated for touring the dramatic Mackenzie Basin, the largest inter-montane (between mountains) basin in New Zealand.

Standing at an altitude of 700m the lake derives its’ brilliant turquoise hue from the finely ground rock particles in the water. With panoramic views and on towards the glistening foothills of the Southern Alps, Lake Tekapo is also a place of mythology and rich high country history.

Recreational opportunities are numerous. Ski-fields abound with Lake Tekapo’s Round Hill Ski field just a short drive from Bluewater Resort, while fishing, mountain biking.

Kayaking, hunting, horse-riding and tramping at all levels are popular year-round activities. Owning a Lake House at Bluewater resort allows residents to tap into the wealth of Tekapo’s year round recreational pursuits: tramping, fishing, horse riding, mountain-biking. Kayaking, boating, scenic flights, star-gazing, golf, hunting, climbing, skiing and snowboarding, cross country skiing and heliskiing, ice-skating and water skiing.
Tekapo’s open terrain particularly lends itself to mountain biking and the south eastern corner of Lake Tekapo has been designated a passive area for non-motorised water-sports. Sitting at the waters edge, soaking up the sun, the sheer beauty of this magnificent lake and the surrounding countryside is utterly captivating.

ABOUT

Sited facing North, with spectacular views across Lake Tekapo towards the magnificent foothills of the Southern Alps. Bluewater Resort offers purchasers unlimited usage rights to an iconic property in one of New Zealand's most untouched, stunning locations.

The 109 Lake House development presents purchasers with a unique opportunity to own a beautiful property in a much sought after location, as part of a prestigious new Resort.

Inspired by the traditional qualities of the Lake Tekapo landscape, the architectural design reflects the textures, forms, materials and colours of the region combined with the essential comforts of modern living in addition to the wide range of outdoor recreational activities available in the Mackenzie Basin. Bluewater Resort offers residents an inviting Clubhouse restaurant & bar, gymnasium and championship standard tennis courts.

Interior Design Statement

”The mood and style of the interior has been inspired by the surroundings, reflecting the earthy colours of the land and calming blues of the lake.

We aim to balance the interior with the Architecture to complement each other rather than compete, through the use of timbers, natural products such as leather and a neutral colour palette.

The Clubhouse will be warm and inviting, encouraging guests and locals alike to relax by the fire in a comfy leather club chair or dine in the elegantly casual restaurant and bar. Rich timber floors, sumptuous rugs, a timber and black granite bar, sparkling glasses and reflections from the lake.

The Lake Houses will be based on classical design principles yet be sharp and contemporary containing all the comforts of modern living. Impact in the kitchens and bathrooms will be created through the use of innovative materials such as glass and tile walling and tiled flooring. Elegant furniture and generous beds with lustrous and tactile fabrics will convey sophistication and luxury.” Rubix Design Ltd

The Bluewater Resort Clubhouse

At the heart of Bluewater Resort lies the convivial Clubhouse, a place to eat, drink and relax amongst warm friendly surroundings.  The stunningly designed dining room will be open for breakfast, lunch and dinner serving a wide selection of international standard cuisine and hearty local fare - all to be enjoyed with spectacular views across Lake Tekapo.  The Clubhouse Bar will also be open for drinks and snacks daily where guests can unwind among comfortable sofas and intimate tables.

INVESTMENT OPPORTUNITY

Imagine owning a piece of extraordinary scenery in one of the most dramatic locations in the world. Bluewater Resort offers purchasers this unique opportunity to buy an individual, freehold unit titled Lake House as a lifestyle investment - a prime property at the early development stage.

Queenstown and Wanaka have undergone dramatic development over the last 5 years – pushing local real estate prices. Kiwi property pundits have long recognised the untapped potential of the beautiful lake side village of Lake Tekapo, though until now there has been little scope for residential development. With so much of the surrounding landscape owned by the Crown, Bluewater Resort represents a rare opportunity to secure an investment in this unspoilt area.

Not only is this an investment in Lake Tekapo’s most prestigious real estate, it is also in New Zealand’s reputation as one of the world’s most desirable destinations and rapidly expanding tourism market.

For many purchasers who choose to stay at Bluewater Resort,however, the most valued return may be the high degree of personal pleasure derived from their surroundings and lifestyle.

The Bluewater Resort Lake House options include studios one, two, three bedroom Lake Houses (ranging from 43 square metres to 163 square metres) with fully equipped kitchens and generous family and living areas. The clever design allows for easy division of each Lake House as separate units suitable for leaseback for rental income.

NZ TOURISM OVERVIEW

Tourism is New Zealand’s largest industry and unlike many countries in the world, has continued to show increasing growth.

Tourism Research Council New Zealand (TRIENZ) has predicted a growth of 5.8% per annum over the next six years indicating that visitor numbers should each 3.1 million visitors in 2010. For the year ending June 2004 international visitor numbers were 2.5 million.

New Zealand now has a number of long term trends working in its favour and these should continue as the world market continues to discover the unique characteristics that set it apart from other nations.

New Zealand’s remoteness and relative safety from other world destinations. Increased tourist interest in the natural environment highlighted in recent movies like Lord of the Rings. Growth in both long and short haul travel. Growing demand for cultural experiences.

The Mackenzie District within which Lake Tekapo resides is a large area consisting of 745,562 hectares, which predominantly comprises of mountains, lakes and rural valleys.

Bluewater Resort will become a key accommodation driver in the region responsible for anchoring additional overnight stays in a level of accommodation that is currently under supplied in the area. The district attracted $157 million in tourism expenditure in 2003 and predictions are that this will grow to $243 million by 2010.

Bluewater Resort offers a year round fourseason experience, capturing occupancy throughout the year.

It also provides adequate opportunity for immediate capital growth that will mirror those gains already well documented in other Southern Lake Towns and provides “sensible” risk management for return potential as pressure for this type of facility is made evident and credible to market commentators.

PURCHASING

 

Plans

The purchase price includes chattels, fixtures, fittings and equipment making up the accommodation itself. The Lake Houses are subject to a management lease with owner’s having unlimited usage rights.

What is the purchasing procedure?

Total deposit will be 10% to be held in a lawyers trust account until settlement. Final balance will be due upon building completion and titles being issued for the Lake House, earliest quarter 3, 2005.

Downloads

Executive Summary

Siteplan

Masterplan

Floorplans

Studio - Clubhouse Option

Studio - Lakehouse Options

One-Bedroom Lake House Option 1

One-Bedroom Lakehouse Option 2 (Ground Floor)

One-Bedroom Lake House Option 2 (First Floor)

Two-Bedroom Lake House

Three-Bedroom Lake House

Developer

The Bluewater vision is lead by R & B Management, one of New Zealand's long established property developers and winner of industry awards including the 2004 New Zealand Institute of Architects' Award for Architecture and the 2004 Property Council of New Zealand Award with Merit.
Their idea was to create a new standard of accommodation for travellers in one of the South Island's most beautiful, untouched locations which as yet has seen little development . Previously owned by the Crown, elevated sites such as this, close to the town and with great views of the Lake have been extremely hard to come by in Lake Tekapo. In order to optimise this unique opportunity, R & B Management has drawn together a team of consultants with an enviably successful track record. Amongst them are leading environmental and design consultants Boffa Miskell, responsible for the likes of Blanket Bay, the Millbrook and Clearwater Resorts, working alongside Modern architechtural Partners, known for its' leading edge architectural design.

Sales

For further information please contact Sales & Marketing

Chris Herbert Property Services
0800 BLUEWATER (0800 258 392)

Sales Team
Chris 021 365 852  
Guy 021 444 470
James 021 365 850

PO Box 431
Christchurch, New Zealand
Phone 0800 Bluewater
Mobile 021 365 852
Fax 03 379 6352

chrish@bluewaterresort.co.nz

Developer

R & B Management
PO Box 3928
Christchurch
New Zealand

Telephone 03 379 6350
Facsimile 03 379 6352
Email info@robertbrown.co.nz

FAQs

Where is Bluewater Resort?
Located on State Highway 8 overlooking Lake Tekapo towards the Two Thumb Range. A gentle 2 minute stroll to the village centre.

Who is the developer of Bluewater Resort?
Blue Water Resort Limited is the developer and the project is being managed by R & B Management.

Who is the master planner of Bluewater Resort?
Leading environmental and design consultancy, Boffa Miskell responsible for the likes of Blanket Bay, Millbrook and Clearwater resorts.

Who is the architect?
Modern Architectural Partners known for its leading edge architectural design.

Who are the sales and marketing consultants?
Chris Herbert Property Services MREINZ, Chris Herbert has extensive experience in areas of construction, industrial and commercial property, luxury residential subdivisions, resort and lifestyle development, and company management and marketing.

How many properties are there in the development?
Comprising fully furnished 109 Studio’s and Lake Houses designed for the national and international tourist and corporate demand of the Lake Tekapo and Mackenzie District.

What is available?
Studios and Lake Houses are available for purchase. Enjoy views of the landscaped grounds and the beautiful Lake Tekapo, Mount John and the Two Thumb Range. Please ask for further information on availability.

What is the investment offer?
The investors receive the actual net income after allowance for all operating expenses. The less the investor occupies, the greater the potential revenue the Lake House could achieve.

How secure is my investment?
Each and every apartment has a separate unit title. The title for each apartment is held in the district land office and ownership cannot transfer without legal representation from both buyer and seller.

Can I sell my interest?
Yes, each owner has a separate unit title that may be on-sold at any point. There are no selling restrictions, no stamp duty, and no capital gains tax.

Comparable sales?
There is little to compare of this property type and standard in Lake Tekapo, however useful websites to view are www.queenstownproperty.com which provides an independent source for market trends, statistics, news, and lists some premium developments in the South Island marketplace that might be helpful for some comparison.

What has been done to ensure I have a quiet apartment?
The construction is 150mm concrete filled block gib clad inter-tenancy walls with pre-fabricated ceiling system on wooden beams.

What is included in each apartment?
Each apartment is fully furnished with all electrical appliances, furnishings and bedroom suites. Please refer to the Furniture Package schedule for full details.

Can I borrow against this property?
Yes, with personal packages to suit the investor.

Will there be car parking available?
Yes, there is on site parking for owners and guests.

What is a body corporate?
A body corporate is literally every owner or “body” in the building forming a “body corporate”. The body corporate collectively decides on the management and maintenance of all parts of property that is common to all. The cost or levy for this maintenance is based on each individual unit.

Am I buying a freehold or lease property?
You are purchasing a freehold unit titled Lake House with driveway and parking area commonly shared between all Lake Houses.

What assurance do I have that the Lake Houses will be built to a premium standard?
The developer has combined the most experienced and reputable development team available in the region. They all have first class credentials and have vast experience in high end developments.

Can I live in my Bluewater Resort investment?
You or your family have the right to use your Studio or Lake House for an unlimited time per year taken when and how you choose. A servicing charge relating to occupancy time does apply. Note that if you elect to reside in your Lake House on a permanent basis it is the investor’s responsibility to investigate and satisfy any Inland Revenue requirements in regards to GST if any.

What sort of investment do the Lake Houses present?
Waterfront lake view and coastal property is internationally proven to be a first class capital growth investment and New Zealand is no exception. New Zealand lake and coastal property has generated a strong average capital growth rate for the last 10 years (1994-2004). Bluewater Resort at Lake Tekapo provides investors who purchase now with an unprecedented opportunity to gain a foothold in the first resort ever to be built in this beautiful lake and alpine region that is only two and a half hours drive from Christchurch.

What deposit is required?
A 10% deposit of the total purchasing price held in a solicitors trust account until settlement.

PRESS

Tourism Takes Off, Christchurch Press - 14th December 2004

"Mackenzie visitor numbers are increasing at well over the national rate. Commercial Accommodation Monitor figures for the year ending September show guest nights up 8.9 per cent, nearly double the national average of 4.5%. Guest's nights are forecast to increase 3.2% a year until 2010. About half of the districts population is involved in tourism related industry."

CONTACT

For sales information please contact

Chris Herbert
Chris Herbert Property Services MREINZ

PO Box 3928
Christchurch, New Zealand
Phone 0800 Bluewater
Mobile 021 365 852
Fax 03 379 6352
chrish@bluewaterresort.co.nz

Project Manager
R & B Management

PO Box 3928
Christchurch
New Zealand
info@robertbrown.co.nz

DISCLAIMER

Although every precaution has been taken to establish the accuracy of the material herein at the time of production, no responsibility will be taken for any errors or omissions. Prospective purchasers should not confine themselves to the content, and make their own enquiries to satisfy themselves on all aspects. The material is for guidance only and does not constitute an offer or contract. While the developer will use its best endeavours to ensure that each unit is built in accordance with plans and specifications contained in this executive summary, the developer reserves the right to change or vary the information contained in within these documents at any time. All illustrations and images are indicative only.