INFORMATION MEMORANDUM
14 Hicks Road, Shotover Country $2,095,000
Accelerating success.
WELCOME
Welcome to the Deadline Sale information for 14 Hicks Road. 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.
METHOD OF SALE
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 options 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
DEADLINE SALE
Frequently Asked Questions Is a reserve price set?
Can I negotiate?
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.
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.
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? 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.
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.
14 HICKS ROAD, SHOTOVER COUNTRY
Convenient Location, Considerant Design 6
3
1
2
Floor Area: 243 m² | Land Area: 1453 m²
A Generous Home & Income in Shotover Country
Outside, the scale of the section is a standout. Private and generously proportioned, the backyard offers plenty of room to relax, entertain, garden or simply enjoy having space around you.
Offering space, flexibility and excellent supplementary income, 14 Hicks Road is a substantial home and income property in the well established Shotover Country community.
The self-contained flat adds another dimension to the property, whether retained as a rental, used for extended family or considered as flexible guest accommodation in the future. With the principal dwelling vacant and the secondary accommodation already tenanted, the property offers an appealing blend of immediate practicality and longer-term versatility.
Built by David Reid Homes, the property combines a generous 243sqm of accommodation with a private 1,453sqm section - an excellent combination of space and land in this part of Queenstown. The main residence is currently vacant and ready for its next owners, while the separate two-bedroom, one-bathroom flat is already tenanted, providing an immediate income stream and the ability to move in prior to Christmas. The main home is comfortably configured around family living, with four bedrooms, two bathrooms and a second living area that adds welcome flexibility for families, guests or a dedicated media or work space. Feature cedar cladding brings a warm, natural character to the exterior, while the double garage provides secure internal parking and storage for all of the necessary Queenstown toys.
Set within the established Shotover Country community, the location provides easy access to local parks, walking and cycling routes, while Queenstown, Frankton and the wider Wakatipu Basin remain within convenient reach. 14 Hicks Road is a property that gives you room to live, space to grow, or an excellent addition to any investors portfolio.
14 HICKS ROAD, SHOTOVER COUNTRY
Executive Summary Address:
14 Hicks Road, Lower Shotover , Queenstown
Rates:
QLDC: $7,609.14 per annum ORC: $721.95 per annum
CV:
$1,800,000
Floor Area:
243m² more or less
Land Area:
1453m² more or less
Built:
2019
Exterior:
Weatherboard, cedar
Floor Coverings:
Imitation timber, carpet
Windows:
Double glazed
Hot Water:
Electric
Heating:
Heatpumps, underfloor in the bathrooms
Insulation:
Ceiling, walls and underfloor
Aspect:
North
Laundry:
Part of garage
View:
Mountain
Parking:
2x garage, 3x off-street parking
Zoning:
Operative District Plan: Shotover Country Special Zone Proposed District Plan: Unzoned PDP land
Disclaimer. Information relating to zoning and planning provisions within the Queenstown Lakes District is available via the QLDC website Planning rules and provisions are subject to regular updates and change. Purchasers are advised to rely on their own enquiries and seek independent legal and technical advice. https://www.qldc.govt.nz/your-council/district-plan
14 HICKS ROAD, SHOTOVER COUNTRY
Other Information The following information is also available for this property – contact us for your copy.
LIM Report (Land Information Memorandum) Record of Title House plans Code of compliance certificate
LOCATION
Shotover Country Shotover Country is a residential suburb at the northern end of The Remarkables mountain range, with all-day sun and beautiful outlooks to Coronet Peak. Residents can enjoy the proximity to the Kawarau and Shotover Rivers, with the area playing host to a network of leafy riverside trails, very popular for running and biking.
Established in the last decade, the smart modern homes are only a five minute drive from Frankton and approximately 15 minutes from the town centre. Shotover Country has a well-patronised Primary School, plus there’s a medical centre and a handful of shops and eateries within walking distance.
14 HICKS ROAD, SHOTOVER COUNTRY
Indicative Floorplan
ACCELERATING SUCCESS
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.
ACCELERATING SUCCESS
One Team
Fred Bramwell Director & Sales Consultant 021 435 694
Raylene McQueen Business Manager 021 045 0813
Anna Wang Sales Consultant 027 788 8696
Brendan Quill Sales Consultant 021 416 785
Candice Buchanan Sales Consultant 027 630 1283
Doug Reid Sales Consultant 027 431 3278
Emma Lups Sales Consultant 027 428 5100
Florentyna Sue Sales Consultant 027 921 5111
Hugh Clark Sales Consultant 027 223 2997
Jesse Johnston Sales Consultant 027 733 7755
Liz Avery Sales Consultant 027 594 9729
Maria Wyndham Sales Consultant 021 997 522
Mei Chen Sales Consultant 022 075 9847
Nicole Bell Sales Consultant 021 997 522
Paula Gilmartin Sales Consultant 027 376 4395
Poppy Thomas Sales Consultant 022 043 9935
Richie Heap Sales Consultant 021 500 815
Stephen Hebbend Sales Consultant 021 453 881
Vera Stewart Sales Consultant 021 059 6266
Vicky Tomich Sales Consultant 021 0265 5093
Zach Hylton Sales Consultant 027 369 6805
Notes.
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