Your Questions Answered

Who is the developer?
Robert Brown developments (Napier) Limited.

Who is the architect?
Architecture Warren Mahoney.

Who is the Operator?
Scenic Circle Hotel (Napier) Limited.

Who is the Agent?
Reapfield Property Consultants Pte Ltd
tel: 65- 62590880 or www.reapfield.com.sg

How many properties are there in the development?
Comprising 114 fully furnished suites designed for the high tourist and corporate demand of the Hawke's Bay.

Where is Te Pania?
Located on Napier’s famous Marine Parade over looking the Hawkes’s Bay. A gentle 5 minute stroll to CBD, Art Deco heart and pedestrian mall of Napier City.

What has been done to ensure I have a quiet apartment?
The construction is 150mm pre-cast concrete and/ or blocks walls with concrete and steel beams and columns supporting a pre-cast concert flooring system to provide acoustic STC rating.

Can I Live in my Te Pania Suite?
No. The Te Pania is zoned as Tourism and is a Real Estate investment that offers prime location, the key ingredient in your Real Estate acquisition and positive investment cash flow, yet crosses the boundary of sole investment as Te Pania provides you the flexibility to use and enjoy. You or your family have the right to use your suite for up to 10 days per year taken when and how you choose. A servicing charge does apply.

What happens after 10 days?
The income is pooled and based on your share entitlement. Thereafter you have a 50% discount on the nightly room rate should you choose to use Te Pania in excess of the 10 days. In addition each owner receives 50% discount when they stay in any of the other Scenic Circle Hotels throughout New Zealand.

What is the investment offer?
The investors shall receive a minimum of 6% of the purchase price for the first 5 years. Thereafter the actual nett income is shared as to 85% to the investor and 15% to Scenic Circle after allowance for all operating expenses. This Scenic Circle share is a serious incentive to create high profits for the investors and Scenic Circle alike. A real win win commitment.

What is the price?
The prices for Accessible, Twin, King and Executive suites sarts from $175,000 ex GST to $208,000 ex GST.

What is available?
The suites available enjoy views of the landscaped grounds and the beautiful Hawke’s Bay and Cape Kidnappers. Please ask for further information on availability.

How secure is my investment?
Each and every apartment has a separate freehold title. Title for each apartment is held in the district land office and ownership can not transfer without legal representation from both buyer and seller.

Can I borrow against this property?
Yes. Mortgage link Napier have approval to lend up to 60% of valuations from one source and can tailor make personal packages to suit you.

What is included with each apartment?
Each apartment is fully furnished with all electrical appliances, furnishings and bedroom suites.

Will there be car parking available?
Yes. There is on site parking for guests.

What is the purchasing procedure?
15% of the total purchasing price and 85% on settlement.

What happens after my deposit?
Settlement and ownership of the apartment can be as quick as 10 working days as Te Pania is completed and operational.

Can I sell my interest?
Yes. Each owner has a separate freehold title that may be on-sold at any point. There are no selling restrictions, no stamp duty, and no capital gains tax.

What is a body corporate?
A body corporate is literally every owner or “body” in the building forming a “body corporate”. The body corporate collectively decides on the management and maintenance of all parts of property that is common to all. The costs or levy for this maintenance is based on each individual unit and is provided for out of operations, paid direct by Scenic Circle. The income paid to each owner is net amount after providing for all expenses.