Remarkable views from $416,000 in new Queenstown, NZ, development

Remarkable views from $416,000 in new Queenstown, NZ, development
Remarkable views from $416,000 in new Queenstown, NZ, development

Fourteen recently completed luxury lakeside villas in Queenstown are expected to sell quickly over the weekend.

Nearly all the newly released Kawarau Village Apartments offer views across Lake Wakatipu, towards the slopes of Coronet Peak, or the snow-capped Remarkables mountain range.

They are available to purchase from Saturday (July 14) with prices starting from NZ$535,000 (A$416,000) rising  to NZ$955,000 ($743,000) depending on configuration of apartment and location within complex.

The apartments are located on a north-facing, sheltered, lakeside site next to the five-star Hilton Queenstown Hotel and the Kawarau Hotel at 98 Peninsula Road, Kelvin Heights.

They are being marketed by to Ray White Queenstown agent Cameron Reed, who says that since the release of the apartments earlier this month enquiry levels have been “fantastic”.

Reed says enquiries have come from local buyers and national and international "out-of-towners"  as well as from the investor market.

“Interest has already been expressed in eight of the 14 apartments in the first release,” he says.

“From July 14 we will be giving out purchase options and sale and purchase agreements, and from there people can decide if they’d like to carry through with the sale.

“It’s a very simple process and there’s no obligation from the purchaser, but from July 14 it's ‘open slather’ on who gets in first," says Reed.

A second stage project called the Reserve Central collection will be released to the market once the first 14 have sold.

Larry Schlesinger

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

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