Edgewater Apartments Investment Opportunities

Opened in January 2006, Edgewater Palms Apartments are located in a prime waterfront location in Paihia in the Bay of Islands. Designed to compliment the location with landscaped tropical gardens, the managed, resort-style complex comprises of 36 furnished apartments with a pool and spa, underground secure parking, with lift access to all levels and private storage lockers, large enough for a small boat.

The management company at Edgewater Palms Apartments, Marsden Asset Management, offers a comprehensive management service for owners and investors. Marsden Asset Management has managed the property since opening. There is live-in onsite management, a 24 hour presence for security, and reception is open for guests 7am to 7pm daily.The apartments are sold as a going concern for GST purposes, the management agreement does allow owners, who wish to do so, to take the apartment out of the pool for permanent residence, at this time GST would be payable.

Existing owners comprise a mixture of both New Zealanders and offshore investors. Owners relish the opportunity to use their apartment for personal vacations, whilst keeping their apartment in the managed rental pool generating a reliable income at other times. The apartments range in size and aspect, with 1 or 2 bedrooms, disabled apartments, from prime waterfront properties to those with seaview only.

Marsden Asset Management provides an introductory and consulting service to purchasers and vendors who are looking to buy or divest their investment. We have practical local knowledge and experience acting as vendors representatives in the past and can assist with introductions to banks, accountants, valuers and lawyers in the region. We provide a professional comprehensive management service for owners including monthly financial reporting and on site body corporate functions.

Edgewater Palms represents an attractive and smart alternative to owning an investment property or a holiday home, where all of the management is taken care of, providing peace of mind. Our performance data to date shows that our management team and marketing has delivered significant growth with performance figures consistently above regional averages. Paihia is the popular, activity hub of the Bay of Islands a region well known to New Zealanders and popular on international itineraries.

History shows, and it is our belief that this trend will continue, that Prime coastal locations in New Zealand will continue to increase in value at a faster rate than general urban properties assuring the investor of long term capital growth whilst maintaining a reliable return in the medium term.

All units have Freehold Strata Titles
All units have private storage facilities, ideal for absentee owners, lockers are large enough for a small boat or kayaks and are located in the secure underground carpark.
All units are allocated two secure carparking spaces, there is internal access to the lifts from the secure carpark

Price Range for investment Apartments at Edgewater Palms Paihia:

1 Bedroom apartments from NZ$350K
2 Bedroom apartments from NZ$450K

Body Corporate fees are around NZ$2K for sinle bedroom apartments, and NZ$3.5K for two bedroom apartments.

To discuss investment related queries, our General Manager Richard can provide you with all management contract information and property collateral and a selection of what is available, strict confidence and privacy is assured. Please contact our general manager Richard Murphy (Click here to email Richard)

Mobile phone number: (+64) 021 487 562