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July, 2020

A 34-unit European-style terraced housing complex is nearly complete in
Queenstowns Arthurs Point.
Its the third stage of Bullendale  an 88-unit special housing area
The first two stages, which sold to a good proportion of first-home
buyers, comprised 14 and 12 freehold, semi-detached townhouses,
Co-developer and project manager Shane Fairmaid is delighted all 60
units, to date, have sold  stage three, marketed as The Alpine
Terraces, sold out last September.
The first 14 stage-three units settled in May and the other 20 settle next
Prices ranged from an attractive $600,000 for two-bedroom units, up to
almost $1 million for the five four-bedroom units.
This third, unit-titled stage, Fairmaid says, includes many special,
innovative features.
Its the largest steel stud building in New Zealand, for example.
Theres also central heating, high-grade doubled-glazed PVC windows
imported from Europe, a special fire alarm system and shared basement
Fairmaid says Bullendale, as a government-approved SHA, went through
a faster consent process than normal, and he and partner Buzz March
were able to do more of a medium-density development.
Co-developer: Shane Fairmaid
The first two stages were built by Mike Greer Homes, with Fairmaid
running his own crew on this latest stage.
Bullendales architect is Rob Campbell, from Foley Group Architecture,
in Christchurch, while Fairmaids daughter Kate Fairmaid, from Bayleys
Queenstown, handled sales.
Fairmaid says, contrary to some opinion, the development gets more
winter sun than the likes of Fernhill and Frankton Road.
It also includes a sloping, child-friendly reserve, or greenway, which will
be handed over to the council.
Out front theres a walkway/cycleway which will connect to the Atley
Downs subdivision via a proposed crossing over Arthurs Point Road.
The final stage will include almost 30 apartments, called Alpine
Apartments, on flat land behind the first stage, and four upmarket
homes on the hillside.
The apartments, similar to stage three, will go on the market soon.
Fairmaid thinks the homes will appeal to expat NZers coming back to
the country.
Obviously, the Covid situation has made things a little bit tough for
people, particularly the tourism side of things, but I do think theres
opportunities, too.
I think people have a lot of confidence in Queenstown, long term.
Queenstown always comes away

Source: Mountain Scene


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