How to Buy

22 brand new luxury villas are now on offer in Stage 3 of Niramaya Villas & Spa to complete the resort.
Niramaya is an established residential 5-star resort in Port Douglas, comprising 81 lots, with 54 villas having been already built as part of Stages 1 and 2.
The resort incorporates a concierge reception with restaurant and bar, award-winning day spa, 30-metre pool, tennis court and gym.
Purchase
There are only a few simple steps to ensure you become of the privileged few to own a new Luxe Villa:

1.

Select your preferred block of land (lot) from the choice of lakeview or rainforest blocks on the Stage 3 Site Plan.

2.

Choose from one of the 5 stunning villa designs or have your own custom floor plan designed exclusively for you.

3.

Put the finishing touches to your private villa from the range of final inclusions (furniture packages, golf buggies, etc.) to add your own personal touch.

4.

Choose one of the following Contract types:

  1. A Single-Contract “Home (Villa) and Land Package”. This is a “turnkey” package with all landscaping included and furniture packages available so that your home is ready to move in (and/or rent-out) the day you take ownership. A Single-Contract gives you the convenience of paying only a 10 % deposit up front on the total price and the balance on completion of the villa when the Occupation Certificate has been issued.
     
  2. A Split-Contract, i.e. separate Land and Building Contracts conditional upon each other and signed at the same time, where the land is settled first and then building is paid off in staged payments during the construction process. A Split- Contract gives you substantial savings on the overall cost but requires the land and villa to be paid for in separate stages. You pay a 10% deposit on the Land Contract and 5 % on the Build Contract, both of which are signed together. The land is settled within 4 weeks of paying the deposit. Construction of your villa will commence within 4 months of signing the Building Contract. Staged payments will be made to the builder as the construction progresses.

5.

Sign an Expression of Interest and pay $ 2,500 to “Law Elements Trust Account”. (Bank details will be provided). This secures the lot you’ve selected. Once the lots are formally released onto the market. You will then have 5 working days to confer with your family, accountant, etc. and decide whether or not to proceed. If you elect not to proceed your deposit will be refunded in full.

6.

Sign an Agreement to Purchase and pay an additional $ 2,500 deposit either to “Law Elements Trust Account” if opting for a Single-Contract or to “Niramaya Homes Trust Account” if opting for a Split-Contract.

Contract Execution

1.

Sotheby’s International Realty will issue a Sales Advice, along with the Agreement to Purchase to all parties.

2.

Within 5 business days of receiving the Sales Advice, Law Elements will issue to your solicitor either:

  1. a Single-Contract, or
  2. a Split-Contract.

3.

You will have 14 days after the day on which the contracts are issued by Law Elements to sign the Contract(s) for Sale and pay the balance of required deposit. If more than one person is purchasing the lot, all purchasers will be required to sign the Contract for Sale. If the contract is to be signed with a Power of Attorney, you will be required to provide a copy of the Power of Attorney on the day. If you are purchasing in a company name, the director(s) of the company will be required to attend to sign the contract.

4.

When the balance of the deposit is paid, the Contract for Sale will be executed.

5.

In the event that the deposit is not paid on time, the Contracts for Sale will be rescinded and you will forfeit the $5,000.
Construction and Settlement

1.

The deposit(s) will be held in trust accounts until settlement.

2.

In the case of a Split-Contract, settlement of the land will occur within 4 weeks of the Contract becoming unconditional. 10 % of the Land Purchase Price will be held in trust until handover of your Luxe Villa to ensure the construction is completed to your satisfaction.

3.

Construction of your villa will commence within 4 months of signing the Building Contract.

4.

In the case of a Split-Contract, staged payments will be made as the build progresses, as per the following schedule:

a) Site Establishment: 5 %
b) Slab Complete: 10 %
c) Block Walls, Windows & Structural Steel Complete: 15 %
d) Exterior Veneer (Rendering): 10 %
e) Roof Cover Complete: 20 %
f) Internal Fixing Complete: 15 %
g) Painting, Tiling and Joinery: 10 %
h) Practical Completion: 10 %

5.

In the case of a Single-Contract, settlement of the Home and Land Contract will occur on completion of the construction of the villa and issue of the Occupation Certificate.
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