What makes Eldonwood different to a standard subdivision?  
  Eldonwood is a unique design concept, providing a themed estate of large landscaped lots in a rural setting. Our valuers have advised that because of the high quality materials used and the proposed development controls, a long-term value premium will be created when compared to that of a standard subdivision.  
  Is the site well located?  
 
  • Yes. Schools are situated directly across Station Road and it is 1km from the centre of town.
 
 
  • The township of Matamata is located just 10km north of the intersections of State Highway 27 (between Auckland and Taupo) and State Highway 29 (main road to the port of Tauranga).
  
  What are the deposit requirements?  
 
  • Upon initial signing, the purchaser is to deposit $1000 per lot in to the trust account of the vendor’s solicitor.
  
 
  • With a further deposit payable of 10% of the purchase price, upon acceptance by the purchaser of the land covenants and building scheme.
  
  What are the purchaser conditions in the sale agreement?  
 

The Sales Agreement incorporates conditions including acceptance by the purchaser of:

  
 
  • Subdivision specification
  • Encumbrances and the Building Scheme
  • Residents Society membership terms
 
  Can I subdivide my lot?  
  No. As each stage is released, the lots will be in their final form and will not be able to be subdivided, cross-leased, unit-titled or subject to any other form of subdivision.  
  Can I erect a second dwelling on my site?  
  Yes, as long as it a) Remains in one title and ownership, as described above and b) Meets the council ordinances as a minor dwelling.  
  Are finance packages available?  
  Yes, to approved purchasers. We have financial products to support both deposits and full purchase. We are able to discuss these on a confidential basis.  
  Are Architects and Engineers available to assist me with site evaluation?  
 
  • Yes, we can provide an introduction to consultants who are familiar with the project.
 
 
  • Design costs for dwellings are at the cost of the purchaser.
  
  Are there building covenants?  
 

All lots will have land covenants and a building scheme registered on their title by way of a consent notice and encumbrance. This ensures uniform performance to meet certain identified high standards.

 
  What is the Design Review Panel ?  
 

The covenants and building scheme will identify prohibited materials, building forms and colours, amongst other things, to ensure performance to a common theme. The Eldonwood Design Panel will vet all proposals for all lots prior to construction and will be made up by suitably qualified professionals.

  
  Is there a maximum building commencement date?  
  No, but purchasers will be required to maintain any vacant lots to a high standard until building commences. However, once construction starts, there will be a maximum completion period.  
  What about control of landscaping?  
  To maintain the quality of the environment and design theme, there will be included within the covenants an approved planting schedule for the major planting groups. This will be of particular reference to street frontages. Fencing types will also be described.  
  Can I erect any form of fencing?  
  No, fencing will be controlled within the landscape covenant for type and location, once again to ensure only complementary styles are used.  
  Can I have animals on my lot?  
  Yes, domestic pets are allowed and on the larger lots, purchasers can keep other animals. However, poultry, pigs and any commercially run farming or animal care facilities are prohibited, unless approved by the Residents Society.  
  What sort of amenities will be included near the Village Green?  
  The Village Green is a community focal point for residents and will include recreational areas. Adjacent to the green is an area proposed to include a couple of boutique retail stores possibly including a café, a fruit and vege kiosk, a bakery, a wine shop and an art gallery. Exact proposals will be confirmed at a later date.  
  Who maintains the road and common facilities?  
  All roads and common facilities are privately owned with maintenance being carried out by the Residents Society rather than vested in Council as done in standard subdivisions. This ensures an adequate level of maintenance is carried out to ensure quality standards are met.  
  Who controls the Residents Society?  
  Each owner is required to become a member of the Residents Society on settlement of his or her property. The society will be run by the controlling member in the interim until the development is completed to ensure a uniformity of approach while stages are being finished. The developer is the controlling member up to that point. Ultimately, a manager is put in place and the residents self-manage the society.  
  What are the Resident Society costs and how are they apportioned?  
  Final budgets are currently being prepared to accompany the sale documents for acceptance by purchasers as a condition of the contract. Apportionments for costs are done on a value entitlement basis (proportionate value) similar to a unit entitlement.  
  What else does the Residents Society do?  
  It manages the design panel appointments. Initially, the panel will be established by the developer using design consultants to approve designs. But ultimately, the society will manage this panel.  
     
  Note: This document has been prepared prior to the issue of Consent and may be subject to change. It does not form part of any contract documents and is a guide only.