360 degree views

Bendemeer, a 110ha property is a landmark Wakatipu site located in the dress circle overlooking Lake Hayes. It has outstanding 360 degree views of The Remarkables, Coronet Peak and Cardrona ski areas, Arrowtown and the Gibbston Valley.

Thirty eight sites ranging in size from 0.67ha to 5.01ha have been created. Prices for the properties start from $1.9 million.

A 49ha common area will be shared by all the owners at Bendemeer. This is being landscaped to include walkways, lakes and ponds and intensive tree planting. An owners' pavilion, tennis court and horse riding stables are also included in the project.

The developers, Ross Allan and Richmond Paynter, have achieved their vision for a `luxury estate' by optimising the natural features of the land, while retaining empathy with both the history and the culture of the Wakatipu. 

Significant buyer interest is already being registered. "Of the 38 lots in the development eight have been sold before being advertised," says Allan. "This indicates that there is strong demand for the luxurious type of property Bendemeer is promoting."

The first sites have been sold to New Zealanders including ex-pats, as well as buyers from the United Kingdom and United States. "We always thought New Zealanders returning home would be attracted to Bendemeer," he says. "We predict about two thirds of our buyers will be from offshore."

Contact: Ross Allan, 0274 90 90 30. Belle Property: Mark Harris 021 790 15; Cameron Reed, 021 790 152