Queenstown | Jack's Point

APARTMENT 3, VILLAGE WORKS QUARTERS, JACK'S POINT, QUEENSTOWN

“Feb 24 update – Second Home are delighted to announce that we have the required number of very excited co-owners to proceed with the purchase of this apartment and so the remaining co-owners can be confident of this property going ahead. Do not delay. Completion is scheduled for Christmas this year 2024.”

www.jackspoint.com www.falconer.nz

We are excited to announce a unique opportunity to co-own a new 3-bedroom apartment, currently under construction within the thriving alpine village of Jack's Point on the shores of Lake Wakatipu, Queenstown New Zealand.  

Jack's Point is a picturesque area located near Queenstown on the South Island of New Zealand. Some of the highlights of holidaying at Jacks Point are listed below:

Natural beauty: Jack's Point is located on the shores of Lake Wakatipu and surrounded by stunning mountain ranges. The area is known for its beautiful scenery and outdoor activities.

Golf: Jack's Point is home to a championship golf course that is consistently ranked as one of the best in New Zealand. The course offers stunning views of the lake and mountains and is suitable for golfers of all levels.

Outdoor activities: The area offers a wide range of outdoor activities, including hiking, mountain biking, fishing, skiing, and horseback riding. There are numerous trails and tracks in the area, and it is a popular spot for adventure sports.

Wildlife: Jack's Point is home to a diverse range of wildlife, including birds, fish, and native animals. You may spot trout swimming in the lake or see native birds such as the New Zealand falcon, bellbird, and tui.

Dining and shopping: The development has dining and retail options currently under construction and due for completion late 2023. These will range from casual cafes to fine dining restaurants and a shopping precinct.

Day trips: Jack's Point is located within easy reach of several popular tourist destinations, such as Queenstown, Arrowtown, Wanaka, Te Anau, Milford Sound and the ski resorts of The Remarkables, Coronet Peak, Cardrona and Treble Cone. You can take day trips to explore these areas and their attractions.

Relaxation: If you're looking for a more relaxing holiday, Jack's Point offers a peaceful and tranquil environment. You can take a stroll along the lake or simply relax in one of the many scenic spots.

Overall, Jack's Point offers a unique holiday experience that combines natural beauty, outdoor activities, and relaxation.

Purchasing a co-ownership share in a holiday apartment in Jack's Point, New Zealand can offer many benefits:

Cost-sharing: Buying a co-ownership share allows you to share the cost of purchasing the property with other co-owners making it so much more affordable than buying it outright.

Shared responsibility: As a co-owner, you will share the expense of maintaining and managing the property with the other owners, reducing the cost for each individual owner.

Access to the property: Owning a co-ownership share at Jack's Point, gives you regular access to the property for vacations or as a second home. This can be more convenient and cost-effective than renting a property or staying in hotels.

Diverse ownership: Co-ownership can bring together people with different backgrounds and interests, allowing for diverse perspectives and potential opportunities for shared experiences.

Capital appreciation: Property values in Jack's Point have historically increased over time. As a co-owner, you have the potential to benefit from any future capital appreciation of the property when and if you ever decide to sell your share.

High demand: Jack's Point is a popular holiday destination, which means there is likely to be high demand making the property a good investment.

Second Home takes care of all purchase documentation, co-owner rules and agreements and all aspects of managing the property including managing the calendar of use annually.

PROPERTY DETAILS

• Limited opportunity to secure a one eighth co-ownership in this 3 Bedroom Level 1 Type 1 Jack's Point Apartment for only NZD $322,000 (approx AUD $299,000 Dec 2023) and ongoing costs of approx $566 per month plus exit cleans.

• Your purchase price of $322,000 NZD includes the following:

  
  

  • A high-quality interior furniture package designed and coordinated by a respected Queenstown Interior Designer. Your Apartment is luxuriously appointed down to the finest detail.

    
    

  • Legal costs of providing a separate title to each of 8 co-owners

    
    

  • Legal costs of Purchase and Sale Agreement

    
    

  • Legal costs of preparing and executing a Property Sharing Agreement between all 8 co-owners

    
    

  • GST - The purchase price of your co-ownership share, including furniture and legal expenses is GST inclusive.

    
    

  • Setup and management of a link on our Second Home web site specifically for your apartment. This includes an interactive calendar showing all owners weeks, a maintenance schedule and contact details of your partners in the apartment

    
    

  • Establishment and allocation of your first calendar for year one

    
    

  • Monthly reports and photos of your apartment under construction

    
    

  • My wife Sharon and I are available by phone, email or to meet should you require any further information or assistance during the construction period and ongoing, following completion. Our Queenstown owners manager Keren is also available should you need her assistance

• Annual Fees of approximately $6,791.00 per owner ($566 per month) to include Jack's Point levies, rates, insurance, electricity, gas, wi-fi, Second Home management including your personal concierge, setting and managing the annual calendar of use for all owners, co-ordination of repairs and maintenance, accounts, web management and ensuring your experience as a Second Home owner is our top priority.

• All co-owners are registered on the apartment title meaning you own your 1/8th share in it. The title must remain unencumbered.

• Each owner enjoys 6 weeks use of their Jack's Point home annually via our online calendar.

• Initial deposit, refundable $2,000. Balance deposit to 10% of purchase price (currently $322,000) upon completion of your due diligence. Balance of your purchase price is payable upon completion of your apartment, scheduled for December 2024.

• 3 Bedroom – 2 Bathroom – First Level, Apartment 3, Village Works Quarters, Jack's Point – under construction, completion scheduled December 2024.

• Lift from basement car park to private lobby.

• 2 underground car parks with adjacent secure storage unit.

• Miele Kitchen Appliances

• Fireplace

• Engineered Oak flooring

• Ducted Heating and Cooling

• Bathroom under tile heating

• Living room bar with wine fridge