Enjoy the benefits of owning your very own holiday home in your favourite destination.
The epitome of convenience, this charming apartment is only a short walk away from the CBD. Located on the main route into Queenstown, the Garden Court complex gets great exposure to visitors and the excellent management system ensures that your investment is well looked after.
With 28 days owner usage per annum, this apartment boasts a modern kitchen, fully tiled bathroom and laundry facilities, ensuring that holidaying is a breeze. Sliding doors open the living space out to a generous sized courtyard with enticing alpine outlooks including the Queenstown gondola, allowing you to soak in natural beauty of the magnificent surroundings.
Price is plus GST (if any).
• One bedroom apartment in high-exposure Garden Court
• Dedicated under-cover parking space
• Total apartment ownership area of 99 sqm, comprising of approx. 42sqm floor area, 30sqm west courtyard, 12sqm east courtyard and 15sqm car park
• 28 days owner usage per year
• Positioned for perfect holiday convenience, close to town
Executive Summary
Address Unit 107 Garden Court, 3 Adelaide Street, Queenstown
Rates
CV
Body Corporate
QLDC: $3,800.18 per annum | ORC: $318.26 per annum
$390,000
$4,754.08 per annum
Management summary In hotel management
Floor Area
Total floor area of 99 sqm, comprising of approx. 42sqm internal floor area, 30sqm west courtyard, 12sqm east courtyard and 15sqm car park
Built CCC issued 2004
Exterior
Floor Coverings
Windows
Heating
General Features
Precast concrete panels
Vinyl, carpet, tile
Aluminium joinery, double glazing
Wall panel heaters in bedroom and living area, fan heater and heated towel rail in bathroom
Open living area and sunny west facing courtyard
Furniture Fully furnished
Aspect West
Laundry Cupboard
Views Mountain, lake
Parking One undercover carpark
Other Information
The following information is also available for this property - contact us for your copy.
• Full Pre Contract Disclosure Statement
• Full title
• Last 12 months financial performance
• Body Corporate rules
• AGM minutes
Queenstown
The town centre has extremely sought-after housing. There’s ample property within walking distance of town, with residences ranging from luxury apartments to family homes on high-value land and rental properties occupied by multiple tenants.
Prices in the town centre prove consistently strong, particularly properties with sought-after zoning and the ability to build more than one unit onsite. House prices remain largely immune to the area’s seasonal trends, with high tenancy demand and consistent returns.
RECORD OF TITLE UNDER LAND TRANSFER ACT 2017 UNIT
TITLE
Guaranteed Search Copy issued under Section 60 of the Land Transfer Act 2017
Identifier 3718
Land Registration District Otago
Date Issued 20 March 2001
Prior References 2687
Estate Stratum in Freehold
Legal Description Unit 7 and Accessory Unit 7 and 1/9 share of Accessory Unit 100 Deposited Plan 300747
Registered Owners
Suzanne Joan Shead and Anthony Joseph Nolan
Supplementary Record Sheet 6509
The above estates are subject to the reservations, restrictions, encumbrances, liens and interests noted below and on the relevant unit plan and supplementary record sheet 9097130.2 Mortgage to ASB Bank Limited - 27.6.2012 at 3:02 pm
Pre-contract Disclosure Statement
146, Unit Titles Act 2010 and reg 33 (1), Unit Titles Regulations 2011 Sale of an Existing Unit in a Unit Title Development
Date Prepared: 29/08/2023
Unit Plan: 300747
Body Corporate name and number: Garden Court, Adelaide Street – Body Corporate 300747
Unit number: 107
U Unit Entitlement: 4.75%
Pre-contract Disclosure Statement
(1) The following information is prescribed for section 146(2) of the Act (which requires a Pre-Contract Disclosure Statement to contain prescribed information set out in Regulation 33(1)) where the Pre-Contract Disclosure Statement is provided in relation to a sale and purchase of a unit other than an “off-the-plan” unit. The information contained in this statement is provided to the extent it is capable of being provided in relation to the unit title development:
(a) Does the body corporate or body corporate committee have actual knowledge that any part of the unit title development has-
(i) weathertightness issues for which a claim has been made under the Weathertight Homes Resolution Services Act 2006; N NO
(ii) weathertightness issues that have been remediated without a claim under that Act or other proceedings before a court or tribunal; N NO
(iii) weathertightness issues that have not been remediated; N NO
(iv) earthquake-prone issues; N NO
(v) any other significant defects in the land (including the unit title development and the land on which it is situated) that may require remediation: N NO
(b) If the body corporate is involved in any proceedings in any court or tribunal: N NO
(c) The financial statements for the previous 2 years are a attached i in the AGM reports
(d) The notices and minutes of general meetings of the body corporate for the previous 2 years:
(i) including all supporting documentation; but
(ii) excluding any information that may be redacted for the reasons specified in regulation 27A(2); are a attached
(e) The name and contact details of the body corporate manager is as follows:
(f) The 12 – month period comprising the financial year for the purposes of the financial statements of the body corporate is 1 April 2023 – 31 March 2024
(g) The body corporate levies payable for the unit for the financial year: $ $4,754.08
(h) (i) The details of maintenance that the body corporate proposes to carry out in the unit title development in the year following the date of this disclosure statement are a attached in the long-term maintenance plan
(ii) The body corporate proposes to meet the cost of that maintenance within the next 10 years.
(i) The balance of every fund or bank account held or operated by or on behalf of the body corporate as at the date of this statement.
(j) O Operating account $59,315 52
(k) C Contingency Fund: $6,343 59
(ii) R Reserves: $22,322 87
Colliers Otago
Colliers Otago’s residential sales team provide leading property sales and marketing services with an established track record and unrivalled teamwork. We think global and act local, with strong regional knowledge and connections across all property sectors. Our residential team is focused on adding value to our clients’ investment decisions. We are market leaders in research, allowing a unique, knowledge-based approach to buying and selling. As the largest multi-service real estate professionals in Otago and Southland, we have specialists working in residential property, commercial sales and leasing, tourism brokerage, valuation and advisory. With offices in Queenstown, Wanaka, Cromwell and Dunedin, we can cater for your specific real estate requirements - strengthened by our national & international Colliers network.
Waiver of Liability
The information contained herein or otherwise in relation hereto is provided by Colliers and affiliated companies in their best judgement, in good faith and as far as possible based on data or sources which are believed to be reliable. The material contained herein is not intended to substitute for obtaining individual advice from a qualified professional person. Colliers, its officers, employees and agents expressly disclaim any liability and responsibility to any person whether a reader of this publication or not in respect of anything and of the consequences of anything done or omitted to be done by any such person in reliance whether wholly or partially upon the whole or any part of the contents of this publication. Therefore we record Colliers has used its best endeavours to ensure the information provided is true and accurate but Colliers does not accept any responsibility or liability in respect of any errors, inaccuracies or misstatements which may be contained in them. COPYRIGHT Colliers. All rights reserved. No part of this work may be reproduced or copied in any form or by any means (graphic, electronic or mechanical, including photocopying, recording, recording taping, or information retrieval systems) without the written permission of Colliers.
ANTI-MONEY LAUNDERING
Proving your identity when buying or selling a house
From 1 January 2019, real estate agents are required to verify the identity of their vendors in accordance with Anti-Money Laundering legislation. In some situations, real estate agents will also be required to verify the identity of purchasers. If your real estate agent cannot verify your identity in line with the legislation, they will not be able to act for you.
Identity verification can take days and sometimes weeks if a Trust or company is involved, or where parties reside overseas.
The below gives an indication of some of the documents your real estate agent may ask you to present in person or as a certified document as part of this process:
Individuals:
Passport, NZ Firearms Licence or NZ Drivers Licence with another document such as a bank statement or statement issued by a Government agency. You will also need to provide a document with your residential address (for example, a utility bill).
Trusts:
The Trust Deed and, for all trustees and settlors, the information required for individuals as noted above, together with information regarding the Trust’s source of funds or wealth. Additional information may also be required for beneficiaries and appointers.
Companies:
Details of the company, together with the information for individuals noted above for every individual with more than a 25% shareholding, all individuals with effective control of the company and all individuals acting on behalf of the company. Information regarding source of funds or wealth may also be required.
Note: The above list is not exhaustive and is indicative only. Your real estate agent will assist you with the specific requirements in relation to your situation.
DISCLAIMER: The material and information contained herein is for general information purposes only and is not intended to form professional legal advice. REINZ does not accept liability for any claim or other action that may arise directly or indirectly from the use of or reliance on the material and information provided herein. REINZ recommends you seek independent legal advice if you are unsure of your legal position.
