221 Armagh Street Christchurch One and Two Bedroom Townhouses with On-Street Carparking

Building the Most Liveable Country 221 ARMAGH STREET

221 Armagh Street Christchurch One and Two Bedroom Townhouses with On-Street Carparking Elegant inner-city living Our townhouses, located on fee simple titles, are the most popular products our company has created. With several projects selling down in record timeframe, we are excited to be releasing 221 Armagh Street.

Contents

Design Page 3

Location Page 4

Floor Plans Page 5

Specifications and Internal Colours Page 6

About Williams Corporation Page 7

Meet the Team Page 8

How we Build Homes Better Pages 9–10

Build Specifications and Chattels List Pages 11–12

Landscape Plan Page 13

Price List Page 14

Valuation Pages 15–17

Survey Plan Page 18

Summaries of a Residents Agreement Page 19 and a Body Corporate

Rent Appraisals Pages 20–24

Airbnb Appraisals Pages 25–26

Why buy in Christchurch? Pages 27–29

Testimonials Page 30

Building the Most Liveable Country

Page 2 221 ARMAGH STREET Design 221 Armagh Street We are very proud of the design appeal of this development. With white and black plaster, extensive landscaping, including beautiful cherry blossoms and elegant pergolas identifying your formal entrance way. This simple but tasteful design is market leading with townhouse construction, resulting in a highly appealing visual aspect, while maintaining extreme functionality and low maintenance.

Page 3 221 ARMAGH STREET Location Located on Armagh Street, within the Four Avenues, these townhouses are walking distance to New Regent Street, Margaret Mahy Family Playground and other amenities. There is no doubt that finding new homes at an affordable price point is only going to get increasingly harder as the Christchurch City population grows.

221

3 2

What’s nearby?

1 Margaret Mahy Playground 200m

2 Cashel Mall 700m

3 The Terrace 1km

Building the Most Liveable Country

Page 4 221 ARMAGH STREET

Floor Plans Floor The open plan and functional nature of Outside is a low maintenance private the kitchen, living and dining, plus the courtyard area with ample space for the inclusion of a washer/dryer combo and barbecue and table and chairs. The additional storage space under the stairs, private area also includes a storage shed ensures everything has been provided for and outdoor power supply. comfortable inner-city living.

Upstairs is either 1 or 2 full size bedroom/s and bathroom with a very large built in wardrobe/s in the bedroom/s.

Ground Floor (1 Bedroom)

First Floor (1 Bedroom)

Page 5 221 ARMAGH STREET

Specifications Quality is paramount in our homes and Finishing with European tiles, washable only the best products are going into paint and upgraded magnesium oxide the construction and fit out of our flooring, giving the first floor that concrete developments. Starting with an engineered feel. All our products are purchased from gravel base and concrete raft foundation, large industry leading companies, to ensure then laminated veneer framing, coupled with reliability and quality. double glazed windows, solid air barriers, compression proof polyester insulation and aerated concrete intertenancy walls.

Images used throughout this Information Pack are indicative only.

Colours Internal All townhouses are painted in beautiful modern tones to create a feeling of warmth and space throughout. The neutral tones allow you to add your own unique touch with furniture, artwork and other accessories.

Tiles Carpet Kitchen Kitchen Splashback Ceiling / Blinds Cabinetry Bench Trim / Doors / Walls

Building the Most Liveable Country

Page 6 221 ARMAGH STREET

Corporation About Williams Williams Corporation do property Williams Corporation see both Auckland development and investment in Auckland and Christchurch as world class cities with and Christchurch. Our well-built exceptional value moving forward. We are Townhouses and Apartments are the totally committed to building Auckland future for New Zealand housing and a and Christchurch into the most liveable desirable solution to the housing crisis. cities. Meet our team below and reach out to discuss your next property investment. Team Management Meet the Matthew Blair Horncastle Chappell Managing Director Managing Director Matthew manages, on a daily basis, Blair is responsible for product and land acquisition, development design, contractor procurement, pricing, site resource consents, development sales, management along with building marketing and finance. Matthew is consents. As a qualified business analyst a qualified builder and has been in and having been in the construction the construction industry for over industry for over 7 years, Blair loves 9 years. Matthew is extremely everything about development, including high energy and passionate about watching a development go from an idea Williams Corporation’s purpose to on a set of plans to a finished product, build Auckland and Christchurch complete with home owners and tenants. into the most liveable cities.

Kathryn Scott Hannah Marshall Barclay Turner Managing Director Group Accountant Customer Relations Manager Kathryn has a 32 year career in construction. Kathryn overviews the Scott manages all the finances Hannah is responsible for client company finances and cashflow including creditors, purchase orders, relationships, assisting sales and general position and is responsible for payments, office administration and enquiries. As a recent University company systems, processes, controls IRD compliance. As a qualified graduate with a Bachelor of Arts, Hannah and oversees legal and technical Accountant, Scott has had extensive contributes a high level of literacy and documents. Kathryn has a Bachelor of experience in the construction communication to the team. Hannah is Agricultural Science Degree, including industry, having prior roles with both passionate about helping people gain a business subjects. Kathryn creates the main contractors and suppliers. In firm foothold on the property ladder and vision, along with Matthew and Blair previous lives, Scott worked as a Market ensuring customer satisfaction remains and forms highly skilled teams to Gardener and High School Teacher. a priority and a point of difference for deliver the outcomes ethically. Williams Corporation.

Page 7 221 ARMAGH STREET Team Consultants Property Meet the Stephen Matt Pike Withington Property Consultant Property Consultant Stephen has over 15 years experience As a licensed builder, experienced in property sales and has helped over new-home consultant, homeowner

1000 customers either invest or own and property investor, Matt brings a residential real estate. Stephen’s wealth of technical know-how to the professional approach and strong Williams Corporation team. Matt has

knowledge of market opportunities, a trusted reputation, built on positive ensures that his customers get the communication and assists customers best advice and information to with options that will perform best now enable a sound decision is made. and into the future. Matt genuinely loves Achieving financial security for his talking about property and is passionate customers is of utmost importance. about helping people achieve their goals.

Greg Maxine Mitchell Freeman Thomas Podmore Property Consultant Property Consultant Property Consultant Greg has 11 years of relevant experience Maxine has over 10 years experience in Mitchell has been in the sales game for and proven history in directing and property investment, including acting 5 years plus 2 years in construction. selling investment property, helping as a buyer’s agent sourcing suitable As a Property Consultant, Mitchell over 1000 clients from around New property, enabling others to grow their provides a great understanding, by Zealand. Greg loves helping others to wealth. Prior to property, Maxine listening to customers’ needs, then achieve their dreams and believes with travelled the world as a Flight Service putting it all together, to provide having the right advice, plus the correct Manager. Maxine is extremely passionate amazing results. Mitchell is very active, structures implemented, these factors about people and property and gets being a competitive cyclist to all kinds are key to making this happen. immense satisfaction combining the two of other sports, that provide grounding together to achieve exceptional results. and knowledge to work hard and achieve great goals.

Sharaine Dee Scottie Elizabeth Bull Muirson Property Consultant Property Consultant Property Consultant Sharaine has over 10 years experience As a down-to-earth Mum of five Scottie has nearly 10 years experience in in the real estate and sales industry. sports-mad kids, Dee is all about property investment and sales. She is very passionate about property community with a huge heart for Property and finance runs in his blood. and has developed great knowledge and helping people grow their security. With Scottie entered the property industry understanding due to purchasing and a background in design and experience full time after investing in property renovating a number of properties from in the building/joinery industry, Dee is during his successful and adventurous the age of just 19. Sharaine’s consultative passionate about sustainable living and military career in the Air Force. Scottie approach ensures her clients feel all things eco-friendly and energy is driven to help people achieve their life comfortable to make decisions with efficient. Dee’s appreciation for clever goals and to be able to live the life they ease, and is dedicated and committed to and innovative spaces means she dream of. Scottie loves to assist first creating an exceptional experience understands big is not always best, home buyers and investors get into the when it comes to buying property. we just need smarter homes for living best housing possible. and to live smarter.

Ben Cloake Property Consultant Ben has over 15 years experience in the sales industry, with a background in solar, insulation, heating and home efficiency. Ben is very passionate about helping first home buyers and investors get onto the property ladder. Ben’s collaborative approach helps his clients feel informed to make decisions with confidence.

Building the Most Liveable Country

Page 8 221 ARMAGH STREET

How we build homes better

5 6

Page 9 221 ARMAGH STREET

How we build homes better

1 2 3

Gravel Raft Engineered Slab LVL Frames Soils are stripped down and replaced Constructed on top of the gravel raft an LVL stands for laminated veneer with compacted gravel, the entire engineered slab provides the benefits lumber, LVL timber is dimensionally process is signed off and overseen by an of the concrete foundation sitting on accurate, straighter and meets or engineer. A gravel raft provides a stable the ground instead of in it. Constructed exceeds equivalent stress tests when platform and strengthens the ground with concrete, steel and polystyrene compared to standard SG8 and SG10 under your home. pods, with the process being signed off pine framing. by an engineer.

4 5 6

Plywood Flooring Insulation Hebel Intertenancy Wall Manufactured from sustainably grown With warm dry homes being paramount Hebel Powerpanel XL is made out of New Zealand Pine, plywood flooring for our construction methodology, we aerated concrete and provides fantastic has improved structural benefits when use a R3.6 ceiling batt with an R2.2 acoustic and fire resistant properties. compared with particle board flooring ceiling blanket on top, providing nearly This ensures the product separating you and feels fantastic to walk on. double the building code requirements. from your neighbours is of the highest For the external walls, we use a R2.6 quality in the market place. Because the wall batt to achieve 30% over building Hebel sits between the timber framing code requirements. With a 70 year you have full use of the intertenancy product warranty and being owned by wall in your home without comprising CSR Group, we have partnered with your fire and acoustic rating. Bradfold Gold to provide this industry leading insulation solution.

7 8 9

Solid Air Barrier LVL I-Joists Safe Building Envelope It is no surprise that the building Manufactured from sustainably grown All of our homes have longevity in code requires a solid air barrier in New Zealand Pine, LVL I-joists are half mind, we do not use internal gutters, extra high wind zones, when compared the weight of conventional softwood flat roofs or other high risk design to building paper a solid air barrier joists and are straight, uniform and elements. We use leading products both offers a more robust cavity and extra dimensionally stable. This provides a on the walls and behind them to create structural bracing on the home. lighter, stronger midfloor that has less a low maintenance home that will last chance of long term deflection. the test of time. Building the Most Liveable Country

Page 10 221 ARMAGH STREET

Build Specifications Specifications, Colour Schedule and Chattels List

General Specifications Internal Doors Paint finish flush panel MDF doors Gib sliders to robes Entry Door Latitude panel Hardware Miles Nelson S Range Windows Double glazed, powder coated aluminum Electrical LED lighting, sockets, general connections, phone and tv jacks, heated towel rails and bathroom fans. Heating Fujitsu 5kw heat pump Water Heater 180L hot water cylinder Paint Resene Spacecoat Roof .4mm Colour Steel corrugated roofing Fascia Colour Steel Gutter Colour Steel Downpipes Colour Steel Cladding Hebel power panel

Interior Lining Insulation Batts R2.6 wall batts, R 3.6 ceiling batts Gib Walls and ceilings, standard gib to engineer requirements Gib Stopping Level 4 finish, square stop to ceiling Skirting and Architraves MDF 60mm square finish skirting, 40mm square finish architraves, pine skirting to wet areas

Kitchen Oven Fisher and Paykel 60cm built-in oven Hob Fisher and Paykel 60cm ceramic cook top Dish draw Fisher and Paykel stainless steel dish draw Rangehood Fisher & Paykel built in Power Pack

Washer/Dryer Fisher and Paykel Washer/Dryer (1 bedroom units only)

Laundry Super Tub (2 bedroom units only)

Bathroom Shower Acrylic shower tray, tiled walls Vanity Brighton 900mm wall hung vanity white gloss Heating Chrome heated towel rail Mirror Mirror over vanity Tapware Metro series basin, shower, kitchen mixer Toilet Back to wall soft close with integrated bidet

Page 11 221 ARMAGH STREET

Build Specifications Specifications, Colour Schedule and Chattels List

Internal Colours Tiles European off white tile Carpet Virga Cloud Kitchen Cabinetry Bestwood Dusky Elm Kitchen Bench Engineered Marbello Snowdrop Splashback Clear glass Ceiling/Trim/Doors/Walls Resene Half Black White Blinds Black block out blinds

External Exterior Cladding (Hebel) Dulux Lexicon and Ebony (as per elevations) Roof, Fascia, Gutter, Downpipe colour Ebony Soffits Resene Half Black White External Joinery and Front Door Ebony

Chattels List

Letter box Clothes line Garden/bike shed Blinds Cook top Range hood Dish draw Fixed floor coverings Light fittings Heat pump and remote Bathroom heater Towel rail Mirrors above vanity Wardrobe joinery T.V. antenna

Washer dryer combo (1 bedroom units only)

Super Tub (2 bedroom units only) Smoke alarm/s pursuant to Building Code requirements

Building the Most Liveable Country

Page 12 221 ARMAGH STREET

Landscape Plan

Page 13 221 ARMAGH STREET

Price List

Internal and Number of Number of Site Unit Number Outdoor Price Bedrooms Carparks Measurements Measurements

59.20m2 (internal) 89m2 Unit 1 1 On-Street $415,000 24.21m2 (outdoor) (81m2 net)

58.50m2 (internal) 66m2 Unit 2 1 On-Street $410,000 24.51m2 (outdoor) (60m2 net)

58.50m2 (internal) 66m2 Unit 3 1 On-Street $410,000 24.51m2 (outdoor) (60m2 net)

58.50m2 (internal) 67m2 Unit 4 1 On-Street $410,000 24.51m2 (outdoor) (61m2 net)

58.50m2 (internal) 66m2 Unit 5 1 On-Street $410,000 24.51m2 (outdoor) (60m2 net)

59.20m2 (internal) 82m2 Unit 6 1 On-Street $415,000 26.05m2 (outdoor) (68m2 net)

59.20m2 (internal) 89m2 Unit 7 1 On-Street $410,000 22.40m2 (outdoor) (81m2 net)

58.50m2 (internal) 67m2 Unit 8 1 On-Street $405,000 22.67m2 (outdoor) (61m2 net)

58.50m2 (internal) 66m2 Unit 9 1 On-Street $399,000 22.66m2 (outdoor) (60m2 net)

58.50m2 (internal) 66m2 Unit 10 1 On-Street $399,000 22.66m2 (outdoor) (60m2 net)

58.50m2 (internal) 66m2 Unit 11 1 On-Street $399,000 22.66m2 (outdoor) (60m2 net)

59.20m2 (internal) 81m2 Unit 12 1 On-Street $410,000 23.32m2 (outdoor) (68m2 net)

85.78m2 (internal) 99m2 Unit 13 2 On-Street $485,000 47.30m2 (outdoor) (94m2 net)

84.73m2 (internal) 85m2 Unit 14 2 On-Street $475,000 33.11m2 (outdoor) (80m2 net)

85.15m2 (internal) 113m2 Unit 15 2 On-Street $480,000 60.85m2 (outdoor) (108m2 net)

Building the Most Liveable Country

Page 14 221 ARMAGH STREET

Valuation

Page 15 221 ARMAGH STREET

Valuation

Building the Most Liveable Country

Page 16 221 ARMAGH STREET

Valuation

Page 17 221 ARMAGH STREET

Survey Plan - DATE DATE 11/09/18 25.67 - DW SURVEYED APPROVED www.envivo.co.nz ZONING RESIDENTIAL CENTRAL CITY DATE LEGEND REVIEWED 10/09/18 CHRISTCHURCH DES REVIEW LOT 2 LT 528606 (RMA/2018/XXXX) 221 ARMAGH STREET ---- FOR MARKETING PURPOSES SUBDIVISION CONCEPT PLAN CONCEPT DESIGN LOTS 1-15 BEING SUBDIVISION OF BT BT DRAWN DESIGNED SCALE @A3 1:100; 1:200 PROJECT ORIG ZONE LOC TYPE RL DRG No SUIT REV THIS PLAN. ADDITIONAL EASEMENTS, COVENANTS AND OTHER LEGAL AREAS AND MEASUREMENTS ARE APPROXIMATE ONLY APPROVAL BY LAND INFORMATION NEW ZEALAND. SUBJECT TO FINAL SURVEY. INSTRUMENTS PERTAINING TO THIS SITE MAY NOT BE REPRESENTED ON THIS PLAN. BOUNDARY DIMENSIONS SHOWN ARE SUBJECT TO SURVEY PUBLIC & PRIVATE DRAINAGE INFORMATION IS NOT SHOWN ON UTILITIES INFORMATION IS NOT SHOWN ON THIS PLAN. P1 BT 11/09/18 DW APPROVED FOR ISSUE REV BY DATE APP'D REVISION/ COMMENTS PROPOSED LOT BOUNDARIES ROAD BOUNDARIES PROPOSED EASEMENT BOUNDARIES MEASUREMENTS (METRES) EXISTING BUILDINGS (EXTERIOR CLADDING) EXISTING WASTE WATER LINE EXISTING STORM WATER LINE EXISTING WATER SUPPLY LINE EXISTING POWER LINE/UG CABLE EXISTING COMMS LINE/UG CABLE PROPOSED WASTE WATER LINE PROPOSED STORM WATER LINE PROPOSED WATER SUPPLY LINE PROPOSED POWER LINE/UG CABLE PROPOSED COMMS LINE/UG CABLE PROPOSED BUILDINGS (EXTERIOR CLADDING) THIS DRAWING SHALL ONLY BE USED FOR THE PURPOSES AGREED BY ENVIVO LTD AND ITS ANY USE OF, OR RELIANCE UPON THIS DRAWING BY THIRD PARTY. THE CONCEPTS AND INFORMATION CONTAINED IN THIS DRAWING ARE COPYRIGHT OF CLIENT. SCALE WITH CAUTION. THIS DRAWING MAY HAVE DEFORMED DURING REPRODUCTION. IF CLARITY IS REQUIRED, REFER TO ENGINEER. · · · · · DISCLAIMER: NOTES: ENVIVO LTD ACCEPTS NO LIABILITY OR RESPONSIBILITY WHATSOEVER FOR, IN RESPECT OF, ENVIVO LTD. USE OR COPYING OF THIS DRAWING IN WHOLE PART WITHOUT WRITTEN PERMISSION OF ENVIVO LTD CONSTITUTES AN INFRINGEMENT COPYRIGHT. 854648, 1167m² TITLE PROJECT/LOCATION LEGAL DESCRIPTION CERTIFICATE OF TITLE 30045 SUR 02 XX DRG 100 S2 P1 7 8 5 DP 1785 DP 1785 DP 21206 106 Chester Street East 110 Chester Street East 102 Chester Street East

n 89°49'05" (23.14) 7.73 6.69 8.72 12.72 12.72 X V U W LOT 6 LOT 13 LOT 15 LOT 12 LOTS 2-15 TENEMENT LOTS 12-15

DOMINANT 13.47 LOTS 3-6 & 8-15 LOTS 1-6 & 8-15 LOTS 2-6 & 9-15 LOTS 6, 12, 13, 15 13.47 99 m² 85 m² Net 94m² Net 80m² 113 m² Net 108m² + R.O.W. 5m² + R.O.W. 5m² + R.O.W. 5m² LOT 13 LOT 14 LOT 15 LOT 2 LOT 1 LOT 3 LOTS 4-6 & 9-15 LOT 6 LOT 7 LOT 5LOT 6 LOTS 6 & 11-15 LOT 8 LOT 9 LOTS 3-6 & 10-15 LOT 4 LOTS 5-6 & 10-15 LOT 15 LOT 11LOT 12LOT 12 LOTS 5-6 & 12-15 LOT 13 LOTS 6 & 13-15 LOT 10 LOTS 4-6 & 11-15 LOT 14 SERVIENT TENEMENT AN AO AM Z Y AI AJ AF AL AE AB AC AK AH AA AD AG AN AO AM 6.47 3.93 2.76 6.43 0.75 AL SHOWN

AE 2.29 0.75 1.26 AK AD 7.15 6.40 6.40 PROPOSED MEMORANDUM OF EASEMENTS 81 m² 82 m² Net 68m² Net 68m² LOT 6 PURPOSE LOT 12 + R.O.W. 13m² + R.O.W. 14m² RIGHT OF WAY ON FOOT

11.63 11.51 IJ ST AJ AC 5.71 5.71 5.71 66 m² 66 m² Net 60m² Net 60m² Pt 6 LOT 5 + R.O.W. 6m² 1 + R.O.W. 6m² LOT 11 DP 1785 225 Armagh Street 179°49'05" (50.49) R 179°49'05" (50.49) 217 Armagh Street LT 528606 11.57 11.57 GH Q (RMA/2018/xxxx) AI AB 5.74 5.74 5.74 66 m² 67 m² Net 60m² Net 61m² LOT 4 + R.O.W. 6m² + R.O.W. 6m² LOT 10

11.58 11.56 EF OP AA AH LOT 2 LOT 1 LOT 3 LOT 2 LOT 3 LOT 5 LOT 6 LOT 9 LOT 5 LOT 8 LOT 7 LOT 9 LOT 8 LOT 4 LOT 4 LOT 11 LOT 13 LOT 11 LOT 12 LOT 15 LOT 10 LOT 14 LOT 10 LOT 14 TENEMENT DOMINANT 5.70 5.70 5.70 66 m² 66 m² Net 60m² Net 60m² LOT 9 LOT 3 + R.O.W. 6m² + R.O.W. 6m² LOT 1 LOT 2 LOT 2 LOT 3 LOT 3 LOT 5 LOT 5 LOT 6 LOT 7 LOT 8 LOT 8 LOT 9 LOT 9 LOT 4 LOT 4 LOT 12 LOT 13 LOT 11 LOT 11 LOT 15 LOT 14 LOT 10 LOT 10 LOT 14 SERVIENT TENEMENT 11.56 11.58 CD MN Z AG I J T S E F L X C P A B V R K G H D U N O Q M

W 5.74 5.74 5.74 SHOWN 67 m² 66 m² Net 61m² Net 60m² LOT 8 LOT 2 + R.O.W. 6m² + R.O.W. 6m² B

11.54 11.60 A KL PROPOSED MEMORANDUM OF EASEMENTS Y PURPOSE AF PARTY WALL 7.71 7.71 7.71 89 m² 89 m² Net 81m² Net 81m² LOT 1 LOT 7 + R.O.W. 8m² + R.O.W. 8m²

2.00 10 11.51 269°49'05" (23.14) 11.63

ARMAGH STREET 1 2 3 4 5 Scale m

X:\Projects\30000\30045 - 217 & 221 Armagh St, Christchurch Central\Surveying\12D CAD\30045-SUR-02XX-DRG-100-S2P1.dwg Central\Surveying\12D Christchurch St, Armagh 221 & 217 - X:\Projects\30000\30045 LOCATION: LOCATION:

11/09/2018 9:11:15 a.m. LOGIN NAME: BOYD THOMSON BOYD NAME: LOGIN a.m. 9:11:15 11/09/2018 DATE:

Building the Most Liveable Country

Page 18 221 ARMAGH STREET

Summaries of a Residents Agreement and a Body Corporate

Summary of a Residents Agreement Summary of a Body Corporate Townhouses, on fee simple titles, are Apartments, are titled as unit titles and by a safer and better long term ownership/ law, require a Body Corporate Management investment, when there is a Residents Agreement. Agreement in place. Purposes of a Body Corporate Reasons to have a Residents Agreement Insurance: The Body Corporate is responsible for the insurance of the Insurance: The Residents Agreement building, as well as any common areas. ensures there is an insurance policy in Future Maintenance: The common areas place for each home, each year. There include the maintenance and repair of any can be significant savings by getting the walkways, access areas, fences, gardens, homes insured through the same walls and roof of the building, rubbish Insurance Broker/Company. collection, lighting and retaining walls. Future Maintenance: The Residents Compliance: Compliance is required Agreement’s purpose is also to ensure for the building, such as access and fire any common areas are maintained and compliance requirements. repaired, to protect the value of the homes throughout their life. The common areas include any walkways, access areas, fences, Benefits of a Body Corporate gardens, walls and roof of the buildings, lighting and retaining walls. Does this A structure is set up, in advance, to control section allow for the inclusion of building the management of the insurance and any elements and internal retaining walls-these common areas. Funds are put aside, in are detailed in the table attached to the advance, to pay for these. Encumbrance-just checking. How does a Body Corporate Work Benefits of a Residents Agreement The rules are stated in a Body Corporate A structure is set up, in advance, to control Agreement. the insurance and the future maintenance The Body Corporate annual costs are shown of the common areas. Funds are put aside, in the Body Corporate Agreement. in advance, to pay for these. The Residents generally meet on an annual basis, and can vote and agree to use a How does a Residents different Body Corporate management. Agreement Work Residents can also vote on the matters that affect them. The Residents Agreement states what is to be done. The Residents Agreement requires a common account to hold any funds for future repair of any common areas. The residents vote, using a majority vote, at an annual meeting of the residents.

Page 19 221 ARMAGH STREET

Rent Appraisal

Building the Most Liveable Country

Page 20 221 ARMAGH STREET

Rent Appraisal 1 Bedroom (Furnished)

Venture Management p 03 377 5511 250 St Asaph Street f 03 377 5510 PO Box 1708 [email protected] Christchurch 8140 www.venturemanagement.co.nz

RENTAL ASSESSMENT

DATE 19th February 2019

PROPERTY ADDRESS

221 Armagh Street, Christchurch City

LOCATION Central City, Christchurch City

NUMBER OF BEDROOMS NUMBER OF BATHROOMS 1 1

LAYOUT

1 double bedroom, 1 bathroom townhouse. Ground floor, open plan kitchen, living and dining. Generous double bedroom and bathroom on 2nd level.

PARKING On street parking

ADDITIONAL FEATURES & NOTES

Double glazed, fully insulated, with quality fixtures and fittings.

ESTIMATED RENTAL $425 - $445 Furnished.

SIGNATURE

Linda Forsyth

DISCLAIMER Please be advised that all rental estimates are based on the information provided at the time of the assessment, and takes current market rent into consideration. Venture Property Management Limited gives no guarantee as to the amount of rent that will be achieved. The market is the final arbiter.

Vent u re management

Page 21 221 ARMAGH STREET

Rent Appraisal 1 Bedroom (Unfurnished)

Venture Management p 03 377 5511 250 St Asaph Street f 03 377 5510 PO Box 1708 [email protected] Christchurch 8140 www.venturemanagement.co.nz

RENTAL ASSESSMENT

DATE 19th February 2019

PROPERTY ADDRESS

221 Armagh Street, Christchurch City

LOCATION Central City, Christchurch City

NUMBER OF BEDROOMS NUMBER OF BATHROOMS 1 1

LAYOUT

1 double bedroom, 1 bathroom townhouse. Ground floor, open plan kitchen, living and dining. Generous double bedroom and bathroom on 2nd level.

PARKING On street parking

ADDITIONAL FEATURES & NOTES

Double glazed, fully insulated, with quality fixtures and fittings.

ESTIMATED RENTAL $375 -$395 Unfurnished.

SIGNATURE

Linda Forsyth

Vent u re management

Building the Most Liveable Country

Page 22 221 ARMAGH STREET

Rent Appraisal 2 Bedroom (Furnished)

Venture Management p 03 377 5511 250 St Asaph Street f 03 377 5510 PO Box 1708 [email protected] Christchurch 8140 www.venturemanagement.co.nz

RENTAL ASSESSMENT

DATE 4th March 2019

PROPERTY ADDRESS 221 Armagh Street, Christchurch

LOCATION Christchurch

NUMBER OF BEDROOMS NUMBER OF BATHROOMS 2 1

LAYOUT 2 bedroom, 1 bathroom. Open plan kitchen living and dining. Double sliding door opening to private courtyard. Well appointed for the sun, easy care section.

PARKING

ADDITIONAL FEATURES & NOTES Walking distance to the city centre. Well appointed for the sun, easy care section.

ESTIMATED RENTAL $495 per week furnished

SIGNATURE

Linda Forsyth

Vent u re management

Page 23 221 ARMAGH STREET

Rent Appraisal 2 Bedroom (Unfurnished)

Venture Management p 03 377 5511 250 St Asaph Street f 03 377 5510 PO Box 1708 [email protected] Christchurch 8140 www.venturemanagement.co.nz

RENTAL ASSESSMENT

DATE 4th March 2019

PROPERTY ADDRESS 221 Armagh Street, Christchurch

LOCATION Christchurch

NUMBER OF BEDROOMS NUMBER OF BATHROOMS 2 1

LAYOUT 2 bedroom, 1 bathroom. Open plan kitchen living and dining. Double sliding door opening to private courtyard. Well appointed for the sun, easy care section.

PARKING

ADDITIONAL FEATURES & NOTES Walking distance to the city centre. Well appointed for the sun, easy care section.

ESTIMATED RENTAL $450 per week unfurnished

SIGNATURE

Linda Forsyth

Vent u re management

Building the Most Liveable Country

Page 24 221 ARMAGH STREET

Airbnb Appraisal

Based on our analytics of other short-term rental accommodation in your area, we estimate the seasonal rental income shown in the tables below for the one bedroom apartments:

Summer Winter

Daily Income Weekly Income Daily Income Weekly Income

Occupancy Occupancy

60% 80% 40% 60%

125 525 700 75 210 315

200 840 1,120 125 350 525

We would list Units at 221 Armagh Street, for between $125 and $200 per night during the busy seasons and when special events are on in Christchurch up to $220 per night. We would then expect to get around $75 to $125 per night during the off seasons. Occupancy rates in this area typically fluctuate between 75% and 40% during summer and winter, respectively.

There are a few ways to increase your rental revenue. One way we suggest to our homeowners with one bedroom apartments is to put a sofa bed in the living area which increases the number of guests we can host. With a sofa bed, we could increase the nightly rate by up to $50.

As mentioned above, we would love to have you as a Hosted Homeowner to help you manage and maximise your investment property. If you’d like to sign up or find out more information, please contact us at any time.

Thanks and kindest regards,

Hannah Duder Operations Manager Hosted Limited +64 27 218 3142 [email protected]

Page 25 221 ARMAGH STREET

Airbnb Appraisal

Building the Most Liveable Country

Page 26 221 ARMAGH STREET

Why buy in Christchurch? Thousands of jobs, billions of dollars of growth - the new blueprint to revitalise Christchurch.

Article originally appeared on stuff.co.nz on September 12, 2018

Ambitious new plans for Christchurch that could lead › Encourage pop-up accommodation, retail sites and to 15,000 new jobs and increase economic growth to semi-permanent installations to make the most of $24 billion have been unveiled. vacant central city land

The blueprint outlines proposals for everything from › More investment in neighbourhood services property development to ways to boost housing and bring in and amenities, with potential amendments major events in a bid to drive a fresh wave of regeneration. to school zones

Experts have warned that Christchurch faces a period of In a report to the Crown and the council outlining the economic vulnerability as construction projects begin to problems faced by the city and the potential solutions, tail off following a peak. Regenerate Christchurch admits there is “no silver bullet” in its recommendations. Growth has more than halved over the last four years, from a high of 5.5 per cent in 2014 to two per cent in the “Ultimately it will be a result of the interaction between the year to June, while unemployment is also rising. public sector, private sector, communities and households - all of whom will make decisions, over time, in respect of The plan, being considered by councillors on Thursday, their willingness to contribute to, participate in and benefit draws on analysis by rebuild planning body Regenerate from regeneration.” Christchurch and economic development and promotions organisation ChristchurchNZ. Writing to Regeneration Minister Megan Woods and Christchurch Mayor Lianne Dalziel, Regenerate Built on five key pillars, it aims to deliver major facilities and Christchurch chairwoman Sue Sheldon said the advice venues quickly, stimulate investment and unlock sites for was a “’call to action’ which challenges the status quo”. development, redefine leadership roles among city authorities and “relentlessly pursue residents and “There is a necessary and legitimate case for a sharper visitors”, marketing Christchurch both nationally and focus on the central city to ensure we maximise the internationally. opportunities created by this progress,” she said.

How these goals are achieved is still being hammered “The opportunity presented by the investment in the out, but advice from Regenerate Christchurch and city is yet to be fully realised and a new point of ChristchurchNZ that the plan leans on outlines key vulnerability is emerging.” ambitions: A final version of the strategy will be presented to › Bringing 6,000 new residents to the central city council in November. within the next five years to support a self-sustaining Dalziel said the plan was about “creating a reason economy - previously outlined in the council’s Project to come to town and spend time there”. 8011 plan - with a longer-term goal of 24,000 more people “We all know that the key to a thriving central city is › Increasing the Canterbury population by people. We need people living, working, visiting and 16 per cent to 707,000 over the next decade doing business in the central city.” › Grow Christchurch’s gross domestic product Despite the decline in economic growth and slight rise by 24 per cent to $24 billion in unemployment which has seen Christchurch above › Create 15,000 new jobs within the central city the national average for the first time in six years, in the next five years ChristchurchNZ believes the “economic fundamentals of the city and regional economies remain strong”. › Support 500 businesses and 200 entrepreneurs for each of the next three years Its quarterly economic report argues that “while the central city has some short-term challenges, its rapid › Set up a major events strategy and bring global redevelopment over the past year significantly enhances business events to the city Christchurch’s offering as a city open for business and › Establish a fast-track residential consenting people”. process, with lower costs to reflect the priority of ChristchurchNZ senior economist Dr Peter Fieger said: inner-city development “Christchurch clearly has the capacity and platform for growth. Acting on this is the key to the city’s future success.”

Page 27 221 ARMAGH STREET

Why buy in Christchurch? Here’s how New Zealanders get rich.

Article originally appeared on stuff.co.nz on February 26, 2019

Property investment is probably the closest anyone can get to He said many people felt there was more domestic control a legitimate “get rich quick” scheme. over housing than other forms of investment, such as buying It’s generally not all that quick to begin with, but once the shares. returns start rolling, investors increase their net worth at “Housing is driven by local construction, bank lending and speed. the like, whereas stock markets can shift based on sentiment Success often goes something like this: You save a deposit to and a critical news story.” buy an investment property (or use the equity in your own Olsen said the stock market crash of 1987 had influenced a home). You ride the wave as property values rise and give you generation of New Zealanders away from shares. more equity, or you renovate and add value to the place “They were uninformed about shares then and made bad yourself. investment decisions, are still uninformed about shares, but You then use the equity in that property to buy another, then feel that they understand property much better, or at least feel possibly another. they have better information or control over their There are risks, of course. The market could tank and you investment.” could be left holding houses that are worth less than the But investor Graeme Fowler, author of 20 Rental Properties in mortgages you owe against them. You might have dodgy One Year, cautioned there was a lot to learn about investing. tenants trash the place. “There are a lot of potential things that can go wrong. If you But it’s the main way that most New Zealanders get from look at any product, service, industry, there are people that “average” to “pretty well-off, thanks for asking”. become multimillionaires through it and also those that don’t do well or even lose everything.” Of the top 20 people on New Zealand’s rich list, almost half built their wealth through property investment. WEALTH CREATION Among them is Sir Michael Friedlander, worth $1.85 billion Mortgage adviser Glen McLeod, of Edge Mortgages, said there with an “empire of office buildings, retail strips and industrial was a “direct corrWelation” between property investment and properties,” according to the Rich List. wealth creation. Even Rod Duke, who is better known for his investment in “The wise investor tends to know when to purchase and retail business Briscoe Group, owns $50 million of residential collect property. They also know when to develop and sell to and commercial property. continue to be able to grow the portfolio. Not every investor understands what is required to build wealth. WHY? “I believe that property has been for a long time the best way Property is such an effective route to wealth because to build wealth. When the market has dips and recedes, the you don’t always have to have a lot of money to start off with. investor can ride it out with time and continue to grow the Unlike shares, which you generally buy outright, asset value.” you can borrow a significant amount against a property. He said the most important thing was to reduce debt and have That leverage brings risk - if you had a 10 per cent deposit strong cash flow to enable the portfolio to continue to grow. and prices fell 10 per cent, your money would be wiped out.

But it also amplifies gains. If you had bought a median-priced WOULD A CGT CHANGE ANYTHING? Auckland house in 2012 with a 10 per cent deposit, you’d have McLeod said he was unconvinced that a capital gains tax, as turned that $55,000 deposit into $300,000-odd of equity. recommended by the Tax Working Group, would mean any Economist Brad Olsen, of Infometrics, said people who hit fundamental change. major financial success usually did so via property or a “It may just be a mindset change, and realising that paying successful business. But starting a business is less accessible tax on profit would now be part of the state rug. If losses are to most. ring-fenced to the company that may yet offset any tax “A small business is also a lot more intensive in terms of liability faced. I’m personally not a fan of CGT. I feel that if a workload - you have to continue to innovate, otherwise New Zealander works hard to get ahead and builds wealth by you’ll be left behind or a competitor will muscle you out, working hard and taking a risk to invest in property and uses and to be fair you also need a dose of luck with business their income to reduce debt and see their capital value grow generally. Whereas with housing you can simply just sit then those are the perks of working hard.” there and watch it increase in value - in a growth market - Olsen said it should not be assumed a lack of capital gains tax after you’ve invested. was what had fuelled investment in property. “The effort to reward ratio is a lot lower for housing, “Investing in property in New Zealand is often seen as a final so it’s simpler to invest and make good returns for nest egg people can invest in. It’s viewed as more secure.” limited effort compared to small business.”

Building the Most Liveable Country

Page 28 221 ARMAGH STREET

Why buy in Christchurch? Housing shortage predicted for city.

Article originally appeared in The Press on November 24, 2018

Commuter towns will have to take their share of new It says that while there has been a big uptake of land in residents as greater Christchurch’s population balloons by new subdivisions since the earthquakes, it is not known up to 50 per cent in the next 30 years, a report says. whether such patterns will continue or revert to pre-quake trends. While there is plenty of land available in The draft report says a combination of population growth Christchurch for infill and new subdivision housing and and social change means up to 86,000 new homes, more building in those places will be market-driven, inner-city than previously thought, will be needed by 2048. However, housing needs to be a focus, the report says. it warns the growth in satellite towns will lead to increased traffic congestion without better public transport. Of the commuter towns, it says Rolleston, Rangiora and Kaiapoi should be prioritised for housing growth. The document has been released for public consultation until November 30 by the Greater Christchurch Partnership Rolleston Residents Association chairwoman Leonie – a group made up mainly of local councils, Environment MacLachlan said the town was a ‘‘fantastic place to live’’ Canterbury and Ngai Tahu. and had room for plenty more residents.

It looks at how expected settlement patterns will shape ‘‘There is so much new housing and a lot of people here the region and what land and infrastructure will be want to keep the growth going,’’ she said. ‘‘It’s definitely a needed for the extra residents and businesses by 2048. satellite town, but now with the motorway extending it’s going to bring Christchurch virtually to our doorstep.’’ Estimates have put greater Christchurch’s population in 30 years at between 618,000 and 742,000, up from 428,000 The report says that by 2048 the region is expected to have now. The Our Space report says that while there will be 71,000 more jobs, 88 per cent of them in Christchurch city. plenty of land for new homes in the next decade, capacity Health, education, retail, and other services for could run short by 12,750 homes within 30 years if more residents would be the main sectors of new employment, land is not freed up. The report suggests that 65 per cent of with catering for tourist growth another contributor. the housing growth should be in Christchurch city, 20 per About 40,000 of the new jobs were expected to be in cent in Selwyn and 15 per cent in Waimakariri. cental Christchurch, bringing the total of central city The report is already attracting feedback. Blogger and workers to 75,000. North Canterbury resident Brendon Harre, who comments Christchurch, Selwyn and Waimakariri all have sufficient on land-use issues, described the shape of metropolitan industrial land for longterm business growth, but might Christchurch turning from a compact apple into a fat have insufficient commercial land, the report says. It also banana, with the population swinging north up to says transport routes within the city and leading out to the Waimakariri towns and south-west out to Rolleston while north and south will become more congested without new having to avoid aquifer recharge areas. He noted that where public transport strategies such as rapid transit. These and how Christchurch grows will affect more people in could include automated trackless trains, light rail, and New Zealand than any other urban area outside of rapid bus ways. Auckland, with economic, financial, safety, health, environmental and social implications. The report’s authors also expected cycling to increase because of new cycleways and the rising popularity of The report forecasts that an ageing population and more electric bikes. people living alone means single- person homes will be needed. Multi-unit dwellings and rental homes will also be Fewer than half of the current residents in districts more in demand, and locating homes near health services surrounding Christchurch work locally, meaning more and other amenities will reduce travel costs. than 100,000 vehicles a day already travel between outer districts and the city, the report says.

Page 29 221 ARMAGH STREET

Testimonials

Reviews taken from Google.

The game changers. Making I have dealt with Matthew and As a supplier to the Williams likely the biggest positive impact Blair on different occasions Corp team we have found them in the housing sector in NZ. and have found them very great to work with! Love what Well done. With their amazing approachable and down to earth. they are doing to our city, they quality at the most affordable I strongly believe in their vision are helping to make the city level, delivered in a straight up, in building Christchurch a very better than it ever was. They use no nonsense manner, it’s not affordable place for home buyers. high quality products and are surprising. You can’t go The quality of their build is very always striving to find new wrong. 5 stars++. solid, design is quite modern and products and innovative ways to I will personally recommend build better homes but also — Steve Rolston anyone to buy a property working hard to keep the price through them. affordable. Well done team.

— Nathan Miglani — Nathan Moore

Truly a world class organization. I have Always found this A property development Their loyalty to their craft, company to conduct themselves company that captures all levels artistry, Market knowledge, skill, and build their properties to a of generations and provides and customer service is second to very high standard. They make a unique innovative design of none. I’ve done a lot of Business priority in making sure both their central city accommodation. internationally with many housing and customer service is The 2 Masterminds behind this different companies and I the optimum. Great people that are Matt and Blair, who have couldn’t speak more highly of go above and beyond and so very great passion in living in the Matt/Blair and the team at personable as well. Christchurch city CBD. With Williams Corp. some anchor projects finishing, — Yvonne Wallis their projects are likely to prosper — Marcus Frisby and re-breathe new lives into the Garden City.

— Pleayo Tovaranonte

Great team, great product, great Recently attended a public Great team to work for, love passion. Their amazing success is presentation by Matthew and seeing what they’re doing around not an accident and they deserve Blair. A couple of young guys Christchurch. Exceptional to do really well. Keep it up. with a great vision. They spoke businessmen that really know from the heart and shared what works. And love to get — John Lodge personal highs and lows. behind a good cause too! Thanks Insightful to understand their for your sponsorship of our team view point - very impressed. in the 2019 Relay for Life, raising money for Cancer Society. — Craig Haywood — Zoe Robertson

Building the Most Liveable Country

Page 30 221 ARMAGH STREET

With Limited Options Available, Make Sure You Enquire Today

Christchurch Office Auckland Office Unit 4, Level 1, 245 St Asaph Street, Level 3, 12 Viaduct Harbour Avenue, City Centre, Christchurch 8011 Auckland Central, Auckland 1010 Phone 03 260 0604

Contact one of our Property Consultants

Stephen Pike +64 27 524 5002 Greg Freeman +64 21 220 9290 [email protected] [email protected]

Matt Withington +64 27 496 6524 Maxine Thomas +64 21 990 252 [email protected] [email protected]

Mitchell Podmore +64 27 911 9769 Dee Bull +64 27 435 7109 [email protected] [email protected]

Sharaine Elizabeth +64 22 621 0949 Scottie Muirson +64 27 726 8843 [email protected] [email protected]

Ben Cloake +64 21 087 87227 [email protected]

Find us on online

facebook.com/WilliamsCorporation williamscorporation.co.nz

Page 31