It’s possible to
downsize and upgrade
Welcome to your luxurious new apartment,
combining form and function with comfort and style.
As soon as you set foot in your apartment, you’ll feel right at home.
Features and inclusions
Each apartment is finished to the very highest standards.
Fisher & Paykel washing machine One of the most recommended washers in the country. Ample storage A place for everything, and everything in its place. Secure access All entrances are secure for extra peace of mind.
Inside your apartment
Take a look at the quality of the design and finishes in a typical apartment
Register your interest
Fill in your details to receive more information or join us for morning tea and an information session followed by a tour every Tuesday at 10:30am.
Frequently asked questions
Below are the answers to some of the more common questions you might have.
If you proceed with the Lease the Reservation Fee is deducted from the Deposit, which is equal to 10% of the Lease Premium. This is payable on signing both the Agreement to Lease and the Lease.
Upon signing the agreements you will have an additional 3 day ‘cooling-off’ period. If at any time during this period you decide not to proceed, and terminate the lease by notice in writing, the Deposit less the $100 administration fee will be refunded and the agreements terminated.
The Deposit is held in trust by our Solicitors until completion of your apartment. The balance of the agreed Lease Premium is payable on settlement at the time your apartment is ready to occupy.
If you purchase your apartment after building works have been completed you will only need to sign a Lease.
A copy of the applicable agreement/s will be provided to you upon receipt of the Reservation Fee, for you and/or your solicitors or advisers to review. If however, you would like to review the relevant agreement/s prior to reserving an apartment, please contact our sales representative who will gladly make a copy available.
Deferred Management Fee
The Deferred Management Fee is calculated on the New Lease Premium received by us from a new resident for a lease of your apartment. The fee is calculated at 5% per annum (calculated on a pro-rata daily basis) from the date of commencement until the New Lease Premium is received up to 6 years. From years 6 inclusive up to 12 years the fee reduces to 1% per annum. The Deferred Management Fee irrespective of your length of occupancy must not exceed 36% of the New Lease Premium.
In the event that you decide that apartment living is not for you, and you give 90 days notice to permanently vacate your apartment for any reason within 12 months of the commencement date of your lease, you will not be required to pay a Deferred Management Fee.
Long Term Maintenance Fund Contribution
It is in the interest of us and the resident that the Village is at all times maintained to a high standard. You will benefit every day from having superior surroundings and your investment in the Village will have every opportunity to be protected and appreciated.
The Long Term Maintenance Fund is similar in structure to a body corporate sinking fund, in that it is designed to fund major works and maintain the Village’s quality over the long term.
During your occupancy at Waterfront Living, the costs of capital maintenance will be met by the Long Term Maintenance Fund which is funded by the Long Term Maintenance Fund Contribution payable by you when your apartment is re-leased. This process negates the need to apply higher periodic levies to meet capital works.
The fee applicable to this fund is 0.5% per annum calculated on the New Lease Premium, multiplied by the number of years (or part thereof calculated on a daily basis) from the date of commencement until the New Lease Premium is received. Your contribution to this fund however will not exceed 6% of the New Lease Premium irrespective of how long you reside in the apartment.
The structure of the Deferred Management Fee and the Long Term Maintenance Fund Contribution have both been developed to minimise their impact on your lifestyle, and your financial commitment during your residency – a comfort if you are on a pension or fixed income. The structure also ensures that our facilities remain at a high standard.
Monthly Service Fee
The Service Fee has been set at $110 per week (GST inclusive) and covers daily costs such as ongoing maintenance of the buildings, public liability and property insurance (but not insurance for your personal contents), security lighting, grounds maintenance, access to facilities including The Squires, administrative costs, direct staff costs, maintenance of Village vehicles and audit fees. This fee will be paid monthly in advance and will cover all services that the Village is contracted to supply. The Service Fee will usually increase in line with CPI movements.
A Service Fee of $110 per week for all of the services on offer from excellent facilities represents exceptional value for money.
The facilities on offer will include:
• Library and internet cafe for quiet contemplation and research on that next holiday
• Sports Bar for a social glass of wine or catch up with friends or to watch the big game on the large screen TV
• A Café for quality coffee/teas and snacks in a relaxed environment overlooking gardens with a fantastic gas log fire for those bleak days
• A private dining room featuring a garden aspect
• An alfresco kitchen with BBQ for social gatherings on a fantastic north facing timber deck
• A kitchen for self-catering of functions
• A private communal garden for the green thumbs.