Manning-Magic means that Stillwater runs deep on the Lake Rotorua shore

Posted on Thursday, November 19th, 2009 at 3:09 pm in

It’s being hailed as one of the smarter property development calls in New Zealand.  Timothy Manning’s innovative, investment-retirement development, Stillwater, on the Kawaha Point road, alongside a trout-spawning stream near Lake Rotorua, let’s you have your cake and then eat it.

Accolades are pouring in and more importantly for the super-charged TT Manning so are investors who like the idea and see yet another Manning value-play in this sensitively landscaped, three hectare pocket of land a stones throw from Lake Rotorua itself.

Manning’s Whisper Cove beach resort at Snells Beach north of Auckland had previously established him as one of, if not the leading developer in this field. The fact that he brings class and imagination to the mix has made him an investor favourite as well.

While the locals are taken with the fact that all the elements that are typical of a resort have been included in what is a developed, quality neighbourhood — with established gardens and parks and local facilities (like the highly desirable Kawaha Point Primary School, renowned as one of the best of its kind in Rotorua) — and public transport on your doorstep, would-be retirees in their early fifties are seeing it differently.

They see it as being a hop-and-a-skip from the best that Rotorua has to offer. Golf courses are temptingly near, as are many tourist and thermal attractions. The North Island’s top ski resort at Mt Ruapehu is a couple of hours drive away.

A desirable investment for the future and/or desirable living for today? It’s the Tim Manning win-win formula at work again. It’s why the man has an avid club of investors following his every move.

This latest quality development from the Manning stable comprises 64 three-bedroom architecturally designed brick-and-tile homes sensitively landscaped and nestled on Kawaha Point Road.

Features include it being: fully landscaped in beautiful, peaceful, parklike surrounds; two minutes from the lake, and six from Rotorua Centre; with full, on-site property management.

Cleverly and in keeping with his innovative double-usage offering TT Manning is offering buyers the choice of two architecturally designed plans, which boast contemporary, upmarket living. Both provide three-bedroom homes, with one bedroom upstairs and two down. Each bedroom has a spacious double wardrobe and the home also accommodates extra storage under the stairs.

On the ground floor, the two plans are mirror-images of one other, with each comprising an open-plan living area, two bedrooms, bathroom and garage, with internal access. A large patio capitalizes on the northwest aspect, and offers plenty of outdoor living.

The exterior specifications include brick or linea, or palisade weatherboard; aluminium joinery; tiled roof; and concrete slab floor. The homes also boast a comprehensive list of interior specifications, which include floor coverings, appliances, lights, TV and telephone-jacks and power points.

Each house comes with a builder’s warranty from a local contractor, and is set on freehold land. An estimate of the Body Corporate Levy is available.

According to Sue Reynolds, sales and marketing manager for Norwich Properties: The water may be still, but interest is swift. Homes have sold selling strongly off plans already, with the first phase already taken up and the first occupants moving in.

The message from Manning is to buy now, relying on the quality finishes to see the house comfortably through to your quitting the rat-race, and then move into rent-free retirement. Or spend your early family years there and sell it on to a retiree.

It’s the win-win Manning formula and the reason he has a following as one of New Zealand’s top developers.