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Deadline Sale: Wednesday 30th July 2025, closing 12noon, unless sold prior

Welcome

Welcome to the Colliers Deadline Sale information for 12 Till Street, Hanley’s Farm.

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 your agent to consider alongside any other offers the vendor 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 a Deadline Sale, offers are protected by client privacy provisions and so are not disclosed to other buyers and may be either conditional or unconditional.

Offering at Deadline Sale

Buying by Deadline Sale is a relatively simple process, with advantages for the buyer as well as for the vendor. 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

Talk to your real estate Sales Consultant about exactly what will happen on and before the Deadline Sale closing day.

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

Family living with designer touches

12 TILL STREET, HANLEYS FARM

Floor Area: 200 m² | Land Area: 386 m²

4 2 2 2

Step into this spacious, stylish home crafted in 2023 by renowned master builder Harry Fleming.

Designed to capture the best of Queenstown living, large windows and high ceilings frame stunning mountain views while flooding the sunken living area with natural northern light

Comfort and functionality were front of mind in the design, featuring two generous living areas, a large walk-in pantry, and three spacious bedrooms A versatile fourth room offers the flexibility of an additional bedroom, office, or multi-purpose space to suit your lifestyle.

Stay warm in winter and cool in summer with a full ducted heating and cooling system. A gas fireplace adds ambience on chilly evenings, while under-tile heating in the bathrooms keeps your toes toasty on frosty mornings.

A well sized double garage and a spacious separate laundry complete the package - essential for Queenstown living and offering ample storage in this thoughtfully planned home

To appreciate the design and quality of this wonderful home, it must be viewed in person – be sure to get in touch to arrange a private viewing or join one of the upcoming open homes

•200sqm four-bedroom home

•Two separate living areas

•Ducted heating & cooling, gas fireplace, and under-tile bathroom heating

•Seamless indoor-outdoor flow with expansive decking

•Double garage and large laundry for everyday convenience

Executive Summary

Address

Rates

Floor

Land

Exterior

Floor Coverings

Windows

Hot Water

Heating

Insulation

General Features

Aspect

Laundry

Views

Parking

12 Till Street, Hanley’s Farm, Queenstown

QLDC: $4,371.80 per annum

ORC: $602.39 per annum

$1,400,000

200m² more or less

386m² more or less

2023

Coloursteel and Weatherboard

Concrete, tiling, carpet

Aluminium joinery, double glazing

Gas

Ducted heating throughout, gas fire and under-tile bathroom heating

Ceiling, walls and underfloor

Sunny, North, Separate

Mountain

1x double garage, 2x off-street parking

Other Information

The following information is also available for this property – contact us for your copy.

• • • • LIM Report (Land Information Memorandum)

Record of Title

Builders Report

Council Plans and Code of Compliance

RECORD OF TITLE UNDER LAND TRANSFER ACT 2017 FREEHOLD

Guaranteed Search Copy issued under Section 60 of the Land Transfer Act 2017

Identifier Land

Registration District

Date Issued

Prior References

953391 23 March 2021

Estate Area

Legal Description

Fee Simple

386 square metres more or less

Lot 5043 Deposited Plan 555055

Registered Owners Anthony Ronald Scott and Jemima Lucy Watton

Interests

Appurtenant hereto is a right of way created by Transfer 937137 6 - 26 9 1997 at 9:01 am

Appurtenant hereto is a right of way created by Easement Instrument 7832508 12 - 29 5 2008 at 9:00 am

The easements created by Easement Instrument 7832508 12 are subject to Section 243 (a) Resource Management Act 1991

Land Covenant in Easement Instrument 8452097.3 - 6.4.2010 at 9:54 am

Land Covenant in Easement Instrument 8452097.4 - 6.4.2010 at 9:54 am

Land Covenant in Easement Instrument 8800261.4 - 1.8.2011 at 4:08 pm

Appurtenant hereto is a right to store and convey water created by Easement Instrument 8800261.5 - 1.8.2011 at 4:08 pm

10272777.3 Variation of Land Covenant 8800261.4 - 23.12.2015 at 3:12 pm

Land Covenant in Easement Instrument 10761289.1 - 22.6.2017 at 12:26 pm

11272777.1 Court Order varying Land Covenant in Easement Instrument 8800261.4 and that the Land Covenant shall be extinguished insofar as it affects Lot 8 DP 522854 - 1.11.2018 at 7:00 am

Land Covenant in Covenant Instrument 11772420.1 - 31.8.2020 at 9:27 am

Land Covenant in Covenant Instrument 11960836.18 - 14.1.2021 at 4:41 pm

12013022 5 Consent Notice pursuant to Section 221 Resource Management Act 1991 - 23 3 2021 at 4:59 pm

Land Covenant in Covenant Instrument 12013022 9 - 23 3 2021 at 4:59 pm

12013022 10 Encumbrance to Henley Downs Residents And Owners Association Incorporated - 23 3 2021 at 4:59 pm

Fencing Covenant in Transfer 12082009 3 - 22 4 2021 at 1:32 pm

12754820 3 Mortgage to ANZ Bank New Zealand Limited - 19 7 2023 at 3:24 pm

Deadline Sale FAQ’s

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 five 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.

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.