| 63 T T to page 64 T T Karen Phelps Sections selling out ‘immediately’ The Terraces stages will eventually comprise 40 lifestyle blocks and a selection of urban lots. When The Terraces stages at Seven Oaks development in Kinloch were launched at King’s Birthday weekend the response was strong with the majority of sections selling out immediately. The Terraces stages will eventually comprise 40 lifestyle blocks and a selection of urban lots ranging in size from 899m2 to 1392m2. “The size of the lifestyle blocks at 1.5ha each is something quite new and different for the area,” says Helen Webb from Bayleys Taupo. “The majority of the sites have good lake and mountain views and are still part of Kinloch village so they have town water supply. A lot of people have been waiting for these and many of the purchasers were locals wanting to upgrade to something better.” There are still opportunities in Seven Oaks as well. Stages one to six have been completed and Bayleys is now marketing stage seven. This is named ‘Otaketake Drive’ due to its proximity to the DOC reserve of the same name. Situated on the western side of the development, Otaketake Drive sits quietly sheltered off the Seven Oaks Drive twin carriageway and surrounded by native bush, says Helen. Titles have been issued and lots are available for immediate purchase. Sections are comparatively large and range from 800sqm to over 1,330sqm. Seven Oaks DEVELOPMENT MMC Law is proud to be providing legal services to the Seven Oaks Kinloch development in Taupō. The MMC Law team has been involved in multiple aspects of the development including due diligence, acquisition of land, structuring of legal documentation and submissions to Land Information New Zealand. “We have broad experience in subdivision and land development including complex subdivision projects,” says MMC Law director Tom Mounsey. “Work in Seven Oaks is on-going as we assist with future stages.” Tom says MMC Law focus on making the process smooth and understandable for clients. “We want clients to enter development projects with the full knowledge required to make informed decisions.” Tom’s background includes having sold real estate and new build homes, which means he understands how projects work from the sell down perspective as well as what potential impediments can be. “We give our clients an overview of the whole project including what purchasers want to see when they purchase, and we structure documentation so it's an attractive product,” he says. Establishing trusted working relationships is a focus for MMC Law Advice that matters to help streamline projects and find solutions. This involves a pre-development meeting with key parties to identify what issues may arise in each particular development and smooth the pathway. “In developments, multiple parties are involved, and we all want to work well together. Good communication and liaising closely means we are all working towards the same objective.” MMC Law assists a variety of clients in this area from those subdividing a small section through to complex unit title developments. Other developments MMC Law has provided expertise on include Watene Lane, Northlit Retirement Living and Amano Ridge. The MMC Law directors are Tom and Kate Mounsey, Courtney Robertson and Mary Baily Gibson, and together with the 2022 Stella Business Awards ‘Dream Team’. MMC Law provide advice and services to clients from around the country and the globe including in relation to trusts, property, commercial, estates, family and mediation. “People can come and see us in the best office in Taupō to see how we can help,” invites Tom, “or reach out to us through our website for assistance with projects anywhere in the country.” We are proud to be the lawyers associated with the Seven Oaks Development at Kinloch, from inception to the current Stage 7. We have broad experience in subdivision and land development including complex subdivision projects under the Unit Titles Act, conversion of Unit Titles to Fee Simple Titles, cross lease variations and multi lot, staged subdivisions, including all of the following: A: Land acquisition – assisting with structuring sale and purchase agreements and negotiating terms; B: Assisting with Due Diligence as required, including investigation of title issues, Resource Consents, Land Covenants and any impediments to development; C: Assisting with obtaining finance, and documenting loan terms, including with private and/or second tier lenders; D: Structuring sale and purchase agreements for the sell-down of the development, including appropriate protection and flexibility for the vendor/developer; E: Working with surveyors, real estate agents, planners, council and Land Information New Zealand to obtain titles for the development in a timely manner; F: Enforcing sale and purchase agreements against delinquent purchasers, including summary judgment applications in the High Court, and as otherwise required; If you need help acquiring, planning, selling or structuring your development, give one of our friendly team a call today. www.mmclaw.co.nz | 07 377 8464 | L1, 14 Ruapehu Street, Taupo
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