Exceptional Development Opportunity
Discover the unmatched potential of 10A & B Boundary Street, Queenstown. This high-density zoned property, perfectly situated next to the bustling CBD, presents a remarkable opportunity for investors and developers alike.
The property is located just a short, flat walk from Queenstown’s vibrant town centre, ensuring easy access to all Queenstown has to offer. Close to supermarkets, schools, and parks, it offers unparalleled convenience for future residents. Enjoy the balance of urban amenities and nearby recreational spaces, making it an ideal location for modern developments.
The property currently holds a 3 bedroom 1960s era home, a bedsit, and a separate flat, providing rental income potential while planning future developments. The expansive 1,222m² section provides ample room for innovative development ideas.
Held by the same owners for decades, this property is a rare find in a sought-after location. Whether you aim to develop now or hold for future growth, this property offers immense flexibility and potential.
Don’t miss this unique chance to invest in a key piece of Queenstown real estate with limitless possibilities.
Welcome to the Colliers deadline sale information for 10 Boundary Street, Queenstown.
If you haven’t been involved in a deadline sale process before, or even if you have and would like to learn more, please take a few moments to read the information below regarding how the price expectation for a deadline sale is generated.
A deadline sale is the process of purchasing real estate through confidential submitted written offers. If you want to buy a property by deadline sale, you prepare your best offer and send it to the seller to consider alongside any other offers the seller gets at any point in the deadline sale campaign.
The property is offered for sale with no price, with a deadline by which offers need to be submitted on the basis that the vendors reserve the right to accept an offer at anytime before the deadline sale closes.
What is a Deadline Sale?
A deadline sale is a variation on both auction and tender, but like both those marketing methods, is intended to make clear to buyers that it is the vendor’s intention to be sold on or before the deadline date.
Whereas with an auction all bids must be unconditional, and bidding is public, with deadline sales offers are protected by client privacy provisions and so are not disclosed to other buyers, and may be either conditional or unconditional.
Executive Summary
Address 10 Boundary Street, Queenstown
Rates
CV
Floor Area
QLDC: $6,558.62 | ORC: $912.82
$3,050,000
220 sqm more or less
Land Area 1222 sqm more or less
Built 1965
Exterior Plywood
Floor Coverings Carpet, vinyl
Windows Single glazed
Hot Water Electric
Heating Heat pump
Insulation
General Features
Ceiling, walls, underfloor
Indoor/outdoor living, sheltered, sunny, spacious, quiet, private
Aspect North
Outdoor Features
Mature garden, fruit trees
Laundry Separate
Views Mountain
Parking
3 x Off street
Other Information
The following information is also available for this property - contact us for your copy.
• LIM
• Planning and Development Evaluation
• Certificate of Title
• Floor Plan
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 FREEHOLD
Guaranteed Search Copy issued under Section 60 of the Land Transfer Act 2017
Identifier OT1D/1122
Land Registration District Otago
Date Issued 17 June 1965
Prior References
OT391/1
Estate Fee Simple Area 1222 square metres more or less
Legal Description Lot 2 Deposited Plan 11011
Registered Owners
Mark Humphrey Thomas, Jill Mary Metherell and Darrell William Thomas
Interests
Client Reference acuebillas001
Offering at Deadline Sale
Buying by deadline sale is a relatively simple process, with advantages for the buyer as well as for the seller. However, it’s not simply a matter of turning up on the day and writing down what you’d like to pay. It’s worth doing homework to know your rights and obligations, to ensure you feel comfortable with the process.
To help you better understand how deadline sales work, we’ve put together a list of key things you’ll need to do before submitting an offer.
Arrange finance. This is very important. You need to be comfortable with the level at which you’re offering. It’s fine to put a finance clause into the contract, but bear in mind that a vendor may favour the most straightforward offer on the day.
Read the contract. The ‘Sale and purchase agreement’ is the contract signed by the potential purchaser at the time of submitting a deadline sale offer. If your offer is accepted, it will then be signed by the vendor and become a binding contract. It contains a legal description of the property, a list of chattels, terms of settlement and the possession date. It can be helpful to have a lawyer check through this for you.
Know the value. If you have been studying the market, you may have a good idea of what the property is worth. If you need help, your real estate Sales Consultant can refer you to similar homes which have sold recently that are a good comparison. Otherwise you could arrange for an independent valuation.
How to make an offer
Know the process. Talk to your real estate Sales Consultant about exactly what will happen on and before the deadline sale closing day.
At Colliers we understand that submitting an offer by the deadline sale process can seem daunting. We want our clients to feel reassured that the process is professional and transparent at every stage. Below are some hints to help you feel more comfortable with how the process works:
Talk to your Sales Consultant when formulating your offer. They can assist you in looking at comparable sales and provide information enabling you to make an offer you’re comfortable is the current market value.
Consider your conditions carefully. Where possible it’s best to minimise the conditions on a deadline sale offer, however it’s also advisable to not spend a large amount in advance when there is a chance your offer may not be selected. Balance is the key.
You’ll need to fill in the following information on the Sale and Purchase agreement to make your offer:
• Purchase price
• Deposit amount
• Settlement date
• Any conditions (inspections, LIM report, valuation, finance etc)
• Solicitor details
Frequently Asked Questions
Is a reserve price set? No, the vendor cannot set a reserve price for the deadline sale, but the vendor will have in mind a price. Other than the vendor, the real estate listing agent is the only person who may know this price which is generally established by feedback from potential purchasers. Buyers are invited to submit an offer at a level at which they would be comfortable to purchase the property.
Can I buy before the deadline sale closes?
Yes - the vendor has the option of considering conditional or unconditional offers at any stage of the campaign.
How do I make an offer? Your Sales Consultant will provide you with a Sale and Purchase Agreement for the property. This needs to be completed by the purchaser with your details, purchase price, deposit amount, settlement date and any conditions. The offer is then placed in a sealed envelope to be opened by the vendor at any time up to and including the closing date of the deadline sale.
Can I make a conditional offer? Absolutely. Bear in mind though that the vendor will take into consideration any conditions, particularly if there is more than one offer. It is prudent to resolve as many conditions as possible before submitting the offer.
Can I negotiate? The deadline sale process is a ‘best foot forward’ strategy - purchasers are expected to submit their best offer on the day. The vendor can then consider all offers at the same time and choose their course of action. The vendor can choose to accept any offer (not necessarily the highest one), reject all the offers, or enter into negotiations with one or more of the potential purchasers.
How do I know who wins the deadline sale? You should be contacted within a few hours of the deadline sale closing time to advise whether you have been succesful or not. If you are successful you now have a contract with the vendor and can start working through conditions (if any).
If the vendor does not receive the price they want, they may choose to start negotiations. The submitters of the top offers can be asked to re-submit a new offer, or negotiations can continue with one. This can mean that deadline sale negotiations can continue well past the closing date.
What is the difference between deadline sale and tender? Deadline sales vary from tenders as follows – when a property is marketed by tender it cannot be sold before tender date, offers must be on a tender form and accompanied by a 10% deposit, and must remain valid for 5 working days from the close of tenders. With deadline sales none of these things apply – offers can be made (and accepted) at any time, they are made on a normal sale and purchase agreement form, and can be withdrawn at any time prior to acceptance by the vendor. There is no requirement to attach a deposit cheque to the offer.
Meet our team.
Queenstown Residential
Fred Bramwell Director Sales Consultant 021 435 694
Brendan Quill Sales Consultant 021 416 785
Eoin Miles Sales Consultant 027 777 2006
Maria Wyndham Sales Consultant
021 997 522
Paula Gilmartin Sales Consultant 027 376 4395
Stephen Hebbend Sales Consultant 021 453 881
Zach Hylton
Sales Consultant
027 369 6805
Raylene McQueen Business Manager 021 045 0813
Candice Buchanan Sales Consultant 027 630 1283
Hugh Clark Sales Consultant 027 223 2997
Mei Chen Sales Consultant 022 075 9847
Poppy Jefferies Sales Consultant 022 043 9935
Vera Stewart Sales Consultant 021 059 6266
Anna Wang Sales Consultant 027 788 8696
Doug Reid
Sales Consultant 027 431 3278
Jesse Johnston Sales Consultant 027 733 7755
Nicole Bell Sales Consultant 021 898 326
Richie Heap Sales Consultant 021 500 815
Vicky Tomich Sales Consultant 021 0265 5092
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.
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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.
