103 Glenda Drive (Rilean) Information Memorandum

103 GLENDA DRIVE FOR SALE OR LEASE Q U E E N STO W N , N E W Z E A L A N D I N F O R M AT I O N M E M O R A N D U M D e a d l i n e P r i v a t e T r e a t y c l o s i n g 2 7 th A u g u s t 2 0 2 0 a t 4 p m ( u n l e s s s o l d p r i o r )

Quality building Prime industrial site

C o n te n t s 1. INTRODUCTION

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2. EXECUTIVE SUMMARY

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3. INVESTMENT HIGHLIGHTS

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4. THE LOCATION

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5. THE BUILDING

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6. BUILDING PLAN

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7. TITLE PLAN

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8. ZONE

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9. IMAGES

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Introduction Colliers Internation al is d e l i g h t e d to pres ent 1 0 3 Glenda Drive, Q u e e n s t o w n For Sale or Lease by Deadline Private Treaty closing Thursday 27 August 2020 at 4pm (unless sold prior).

This is an outstanding opportunity to purchase or lease a quality Queenstown industrial asset. Property investment/ lease opportunities of this quality and scale are rarely available in the Queenstown market.

All enquiries, requests for inf orm ati o n and arrangements for site inspections are to be directed to t h e sole agents, Colliers International Limited: Alastair Wood Mob: +64 27 436 2422 Alastair.wood@colliers.com

Rory O’Donnell Mob: +64 27 445 3982 Rory.odonnell@colliers.com

This Information Memorandum provides preliminary information to assist interested parties with their assessment of the property.

Level 2, 10 Athol Street Queenstown, 9300 03 441 0790

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Property investment opportunities of this quality and scale are rarely available in the Queenstown market.

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Executive Summary

Description

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Situated on a high profile 935m² site located on Glenda Drive, the main arterial route through Shotover Park Industrial. The property comprises a well presented multi purpose trade related building constructed in 2001/2, and internally renovated over recent years, providing a mix of office, warehousing and storage areas with a total floor area of 515m² and a sealed yard area of 230m².

Vendor

Gazmac Properties Limited

Address

103 Glenda Drive. Queens tow n, N e w Z e a l a n d

Tenure

Freehold

Legal Description

Lot 6 Deposited Plan 27773

Total Site Area

935m² more or less

Car Parks

8 sealed car parks

Gross Lettable Area

515m 2 N e t L e t t a b l e F l o o r A r e a , 2 3 0 m ² Y a r d

A s k i n g Rental

$110,000 + GST & Outgoings (please note the pre-Covid market rental assessment in August 2019 was $140,000 + GST & Outgoings)

Initial Lease Term

By negotiation

Rights of Renewa l

By negotiation

Rent Reviews

By negotiation

Current Zoning

Industrial A

Occupation

Rilean Construction vacating 29 October 2020

Sale Process

Deadlin e Private Treaty c l o s i n g Thursday 27 A u g u s t 2 0 2 0 a t 4 p m ( u n l e s s s o l d p r i o r )

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Investment Highlights

STRATEGIC LAND HOLDING

QUALITY BUILDING

HIGH PROFILE LOCATION

935m 2 freehold site with 23m street fron tage to Glen d a Drive.

103 Glenda Drive was completed in 2001/2, with subsequent internal additions & alterations.

Good frontage and exposure to Glenda Drive with good external carparking and yard areas

VERSATILE BUILDING CONFIGURATION Suitable for a number of trade related uses and potential for two or more separate tenancies.

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INCOME GROWTH

CATCHMENT OVERVIEW

This industrial area has enjoyed exceptional income growth over the last 10 years.

Th e Fran kton Flats location h as seen su b stan tial d evelop m en t growth with th e In tern ation al Airp ort, Remarkab les Park, Five Mile & Qu een stown Cen tral d evelop men t s

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Location

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Location | Frankton Flats

FIVE MILE

REMARKABLES PARK

WAKATIPU HIGH SCHOOL

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REMARKABLES PARK ACTIVITY AREA

SHOTOVER PARK

QUEENSTOWN CENTRAL

GLENDA DRIVE INDUSTRIAL

0 40 4Location Location| Frankton

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Flats

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The Building The property, completed in 2001/2, with subsequent internal renovations in 2007. Originally designed and used as two separate tenancies. The internal layout provides for two levels of modern office layout to the front, with open plan warehousing / workshop area to the rear, with a second rear office area and amenities also located at the rear of the building. There are 8 sealed carparks and a rear fully fenced off storage yard area. All facilities are finished to a high standard of specification. The break down of building area is as follows: Workshop

Foundations

Reinforced concrete foundations and floor slab.

External Walls

Steel portal framing w ith a concrete boundary w all dow n one s ide, w ith corrugated long run C olors teel cladding to the s ide and rear w alls plus a combinatio n of copper s heet and s chis t s tone to the front portion of the building, w hich w as added circa 2007. Three Aluminium roller doors providing vehicle acces s .

Internal Walls

Gib-board internal partition walls.

Joinery

Feature aluminium “Commercial Grade” single glazing.

Roof

C orrugated C olors teel including trans lucent corrugated profile.

190.12m²

Ground Floor Office

118.93m²

First Floor Offices

118.93m²

Amenities

8.52m²

Mezzanine Tearoom and Office

BUILDING AND SERVICES SUMMARY

38.01m²

Ground Floor Office

40.81m²

Total NLA

515.32m²

Heating

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There are a number of heat pumps in the office accommodation areas .

Artist impression only

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Building Plan

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Title Plan

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Zone The property lies within the Industrial A Zone of Queenstown (map 31) as defined by Queenstown Lakes District Council Operative District Plan. This zone caters to a mix of showroom, retail, printing, automotive, food processing, and various other light industrial uses.

For more information refer to www.qldc.govt.nz and/or an appropriate qualified Town Planner.

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Images

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103 GLENDA DRIVE QUEENSTOWN | NEW ZEALAND I N F O R M AT I O N M E M O R A N D U M DEADLINE PRIVATE TREATY CLOSING 4PM THURSDAY 27 AUGUST 2020 (UNLESS SOLD PRIOR)

Alastair Wood Mob: +64 27 436 2422 Alastair.wood@colliers.com

Rory O’Donnell Mob: +64 27 445 3982 Rory.odonnell@colliers.com

DISCLAIMER: This I n fo rm at i o n M e m o r a n d u m has b e e n p re p are d solely for i n fo rm at i o n purposes in order t o assist interested parties in m a k i n g an initial evaluation of t h e p r o p e r t y an d does n o t co n st i t u t e advice n o r p u r p o r t t o co n t ai n all of t h e i n fo rm at i o n t h a t a prospective purchaser m ay require. In all cases interested parties m u s t c o n d u c t t h e i r o w n investigation an d analysis of t h e p r o p e r t y an d t h e data set o u t in this I n fo rm at i o n M e m o r a n d u m t o satisfy themselves in all respects an d n o t rely o n t h e i n fo rm at i o n in this I n fo rm at i o n M e m o r a n d u m t o m a k e t h e i r p u rch asi n g decision. This I n fo rm at i o n M e m o r a n d u m has b e e n p re p ar e d in g o o d fai t h an d w i t h du e care by Colliers International, b u t n e i t h e r Colliers Internation al n o r t h e Vendor accept responsibility h e re u n de r for t h e accuracy of any p a r t of t h e i n fo rm at i o n co n t ai n e d in this I n fo rm at i o n M e m o r a n d u m . Therefore t h e recipient/s of this I n fo rm at i o n M e m o r a n d u m t o t h e e x t e n t t h a t t h e y rely o n t h e i n fo rm at i o n co n t ai n e d herein do so entirely at t h e i r o w n risk. The Vendor an d Colliers Internation al NZ L i m i t e d (and its brokers) expressly disclaim all liability for representations, express or implied, co n t ai n e d in, or for omissions from, this I n fo rm at i o n M e m o r a n d u m or any o t h e r w r i t t e n or oral c o m m u n i c a t i o n g i ve n t o any prospective purchaser in t h e course of t h e i r evaluation and/or offer. This I n fo rm at i o n M e m o r a n d u m does n o t co n st i t u t e an offer for sale or purchase or otherwise.