Frequently Asked Questions for The Shore Waterfront Apartments

You can trust the Wensley name.

What am I buying?
You are purchasing a freehold unit titled apartment that you own in perpetuity.

What is the purchasing procedure?
Pay a deposit of 10% on signing an unconditional agreement with the balance payable within seven working days after the date of completion or issue of titles, whichever is later.

What does the Body Corporate do?
The Body Corporate controls the administration and the general running of the complex but is not responsible for managing the rental returns. The Body Corporate is responsible for general maintenance and the upkeep of facilities, common areas, grounds and the building. The Body Corporate costs include all of the above and insurance costs on the building.

How much is the Body Corporate?
The proposed Body Corporate fee is: for a 2 bedroom apartment $1,025.00 per year, for a 3 bedroom apartment $2,033.00 per year, for a 4 bedroom apartment $3,058.00 per year.

Can I, as an owner, be on the Body Corporate?
Yes. All owners are members of the Body Corporate. Elections are held each year to elect Body Corporate members onto a committee to oversee the running of the Body Corporate.

How much are the Council Rates?
These will not be struck until the building is complete, however, we expect them to be approximately per annum: for a 2 bedroom apartment $950.00, for a 3 bedroom apartment $1,400.00, for a 4 bedroom apartment $2,600.00.

Is there an on-site manager?
Yes. There is a professional full time live-in on-site manager to ensure that the development is maintained to a high standard.

Who is the developer?
Wensley Developments Ltd. The company moved into property development in the Queenstown area in 1995 and developed The Remarkables Retreat on Frankton Road. The Point followed in 1998 and in 1999 it built The Glebe, on Stanley Street. The company then purchased the land on Lake Esplanade, and built the apartment complex now known as Outrigger The Beacon. Construction of The Shore followed in 2004. Projects currently underway include The Club and The Marina.

Who is the architect?
Edwin Elliott. Ed has been involved in his own architectural practice specialising in Queenstown projects since the early 90’s and is an award winning architect with a great sense of style and space.

Is the management agreement optional?
Yes. However if you opt out of the management agreement, you will be unable to claim back the GST on your purchase.

When is The Shore due to be completed?
Blocks 1 and 2 were finished in October 2005; Blocks 3 and 4 are due to be completed by February 2006.