The Offer

Purchasing and Owning Your 1/4 Share

Ten apartments are offered for sale at Paku Lodge. These are available as ¼ shares in stylish studio or one-bedroom fully-furnished apartments. A ¼ share entitles you to use your apartment for one week in every four – no fewer than 13 weeks in a year!  If you don’t wish to occupy it for all of your allocated time, the onsite manager will rent out your apartment for you, subject to demand. Rental income from all the apartments is pooled, ensuring that when there are multiple vacancies, one owner is not favoured over another.

The cost of a ¼ share, from just NZ$85,000, makes this affordable for many New Zealand families. You may purchase more than one ¼ share if you wish. With a ¼ share you have the benefits of full ownership, with only a ¼ quarter of the capital outlay. Shared ownership also means lower maintenance and overheads, while you enjoy your apartment every month of the year, without having to worry about lawns, security or maintenance, which are the responsibility of Paku Lodge’s fulltime onsite manager.

Shared ownership means lower capital entry cost and lower overheads, while you are still able to enjoy your apartment every month of the year, without having to work on the property when you get there.

Owning a ¼ share of a Paku Lodge apartment is a great way to guarantee your future holiday accommodation, as well as being potentially an excellent long-term investment.

Occupying your Apartment

Occupation weeks run from Friday to Friday. This is because some owners (i.e. shareholders of that apartment) may wish to stay just for the weekend rather than for the full week. For the rest of their allocated time, the owner can make the apartment available to other family members or friends, otherwise the manager can rent it out and you as the owner will receive the benefit of the income from the pooled vacant apartments for those days. Occupancy is from Friday 2pm to the following Friday at 10am.

When you are using your apartment, there is a modest charge of 15% of the daily rental rate to cover your share of the manager’s salary.

• Power and telephone are charged as per the unit entitlement and deducted from your income.
• The owner will pay a $30.00 cleaning fee at the end of their stay.
• You may swap weeks with other owners of your apartment, or with an owner of another Paku Lodge apartment.
• Allocation of weeks is on a rolling basis throughout the year, and a re-allocation will be done each year to ensure that each shareholder can occupy their apartment on Christmas Day/New Year’s Eve once every four years.
• With a ¼ ownership of an apartment (i.e, one ¼ share) you pay only a quarter of Body Corporate fees, rates and refurbishment fund for your apartment.
• You may sell your share at any time without referring to any other party.

Method of Ownership

There is a Property Sharing Agreement for personal or trust ownership. A fee simple freehold unit title is issued for each ¼ share.

Terms and Conditions

To view supporting documentation for this offer, click here.