Business South August 2022

| 43 Queenstown: Koko Ridge REGIONAL DEVELOPMENT Development offers enviable lifestyle Karen Phelps Koko Ridge is located in the Lower Shotover - home to some of Queenstown’s finest real estate. Koko Ridge in Queenstown has been described as ‘where rural meets residential’. It’s a rare release of land to the market with sections starting from 2000sqm. Since the first sections were released last year over half of the 26 sections available in the development have sold, says Kate Fairmaid from Origin Projects, which is responsible for sales and marketing of the development. “Koko Ridge is a very limited opportunity, as it will become near impossible to pick up a section of this size in this area in the near future,” she says. “The majority of the sections have sold to locals because they recognise this and understand the convenience of the location at Lower Shotover.” Kate says that Lower Shotover is famously home to some of Queenstown’s finest real estate. The location enjoys long sunshine hours, central positioning and convenient access to Five Mile Shopping Centre and Queenstown Airport. At Koko Ridge people can secure an exclusive, elevated land parcel with each freehold north facing. Every home site enjoys uncompromised positioning, which Kate says will appeal to those seeking a private, sun drenched and spacious slice of quintessential Queenstown. It is the surrounding alpine scenery that is another major draw card. People at Koko Ridge will enjoy all the glorious colours of Central Otago with each site boasting uninterrupted views of iconic Queenstown landmarks. “In every direction, Koko Ridge offers up picturesque scenes, including Coronet Peak, The Remarkables, Cecil Peak and the Crown Range. Residents of Koko Ridge will have access to endless walking and biking trails right on their doorstep. “These interconnect along the Shotover and Kawarau Rivers, with trails to Millbrook, Arrowtown, Gibbston Valley and central Queenstown all waiting to be explored,” says Kate. OBD LANDSCAPE ARCHITECTS | 027 464 6694 master planning • commercial • residential • resource consents • assessments Queenstown 03 441 6044 309 Lower Shotover Rd Christchurch 03 348 1025 3 Lowe St, Addington Dunedin 03 470 1582 Trevian House, 60 Tennyson St Gore 03 208 6474 14 Mersey Street Koko Ridge is being delivered by esteemed developers Wayne Foley (Trinity Developments, which specialises in high end project management and construction), owner of David Reid Homes New Zealand Tim Allen and owner of David Reid Homes Queenstown Fraser MacKenzie. “Their work can be seen throughout the Queenstown-Lakes District in an array of quality residential developments and properties,” says Kate. “ They are a team of down-to-earth people who are committed to delivering excellence at Koko Ridge.” She says that Koko Ridge stands proud as a unique premium residential subdivision with careful consideration given to the look and feel by an accomplished local design team. “A private landscaped entrance opens up to beautifully planted streetscapes. Positioned in the heart of the community is the Koko Ridge Lake — a calming central water feature, with a select few sites available right on the water’s edge,” explains Kate. She says that considered yet straightforward design guidelines have been prepared by the developer to ensure Koko Ridge homes work harmoniously together in their beautiful surrounds. “This reassures owners of a cohesive design in future builds and preserves the overall look and feel of the development.” Kate says sites have likewise been finished to a very high standard and, as an example, contracted a company to finish off the grass seeding on the site, which specialises in lawns for golf courses. Koko Ridge also includes a large amount of planting on the northern and eastern boundaries, at the entrance and Koko Ridge Lake. She says that so far two main groups are purchasing in Koko Ridge: locals who are seeking to take the next step on the property ladder and move from more intensified areas of Queenstown to build a substantial family home, and people from other areas who desire space around them but a more manageable site. She is also expecting the sites to appeal to Aucklanders and to the Australian market, which can now fly direct to Queenstown. The next group of sections has just been released at Koko Ridge, which range in price from $1.1m - $1.4m. With the development of Ladies Mile to the east of Koko Ridge Kate expects this will really increase the value of the Koko Ridge sections. All sections are due for completion shortly with final site works being completed and titles are expected to be issued around August 2022.