15 Joy Street, Oamaru, Waitaki, Otago

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Minimum 6% RETURN OFFER - FIRST 5 SALES

Price guide: Apartments range from $440,000 to $540,000.

Fully furnished, turnkey serviced apartments designed for hands off investment and passive income.

For the first five apartments, the developer is offering a minimum 6% guaranteed return for three years. If the return falls below 6%, it will be topped up, and if it performs above, you keep the additional return. The development is scheduled to begin operating from 1 June, with completion expected prior.

On offer is a limited release of 40 premium serviced apartments within Goodland Heights, a master planned 10 hectare community in Oamaru, delivering a fully managed, income generating investment. Joy40 has been designed for those who value performance over participation. The serviced accommodation model is professionally managed end to end, offering a hands off investment with income generated through both short and long stay demand.

Rather than a traditional residential offering, this is about securing a cashflow driven property in a growing regional market, supported by Oamaru's increasing tourism, strong cultural identity, and consistent visitor demand. The apartments combine efficient design with a professionally managed structure, ensuring a low maintenance ownership experience with a focus on return.

This opportunity will appeal to:

• Investors seeking passive income through property
• Buyers wanting exposure to the accommodation sector
• Those looking to diversify beyond traditional residential rentals
• Out of town buyers targeting stronger yields in regional markets

Oamaru continues to attract domestic and international visitors, known for its heritage precinct, coastal setting, and vibrant arts scene, all of which contribute to ongoing occupancy and income potential. Fully managed. Income generating. Strategically positioned. This is property investment, simplified.

Please be aware that information may have been sourced from REINZ, Property Smarts, Land Information New Zealand, the relevant local authority, and CERA and we have not been able to verify the accuracy of the same.