The edge in Wanaka

A new serviced apartment complex under construction in Wanaka offers contemporary holiday homes that generate their own income.

Comprising 25 apartments, the Wanaka Edge development is scheduled for completion toward the end of the year.

The apartments are for sale through Bayleys Real Estate, priced from $395,000 plus GST (if any) which includes a furniture package.

Christine Mackay, of Bayleys Wanaka office, says the freehold-titled apartments are suited to investors wanting a holiday home in   the South Island, but who also want to get a return on their property when they are not using it.

The apartments can be used for holiday accommodation by the owner for up to four weeks a year, for only a nominal housekeeping charge, and are leased out by an onsite management company when the owner is not using them.

With a floor plan designed to maximise space, the 60 sq m apartments comprise two bedrooms, living and dining areas, a bathroom and a kitchen. Mackay says the homes will have a high-quality fit-out, with a strong emphasis on future proofing. The furniture package includes TVs and DVD player, stainless steel fridge and freezer, a pull-out sofa bed, and six seat table. All apartments also have a covered patio or deck, opening off the living areas. Each apartment also has a separate external large lock-up space and a car park.

"This is a true lock-up and leave holiday home where all the maintenance and security issues are taken off your hands," she says.

Centrally located in Plantation Road, a short walk from the lakeshore, restaurants, cafes and a swimming pool, Wanaka Edge will have leisure facilities including a sauna, spa room and a drying room for ski gear.  There is also a free gym membership included  so guests and owners have access to a well-equipped gymnasium next door at any time for no charge.

Contact Christine Mackay, 03 443 5330, or visit www.wanakaedge.co.nz