1 Suburb Street, Appraisal

1 Suburb Street, Queenstown Marketing and Sales Proposal

Prepared for: Lake Wakatipu Steam Navigation and Wharfage Trust

August 2025

Accelerating success.

Contents

Why Colliers ��������������������������������������������������������������������� 6-9 Colliers Results �������������������������������������������������������������10-11 Comparable Sales �������������������������������������������������������� 12-13 Currently on the Market ���������������������������������������������������14 Property Details ����������������������������������������������������������16-17

1 Suburb Street | Appraisal

Introduction �������������������������������������������������������������������������5

Marketing: Buyer Profile Matching ��������������������������������19 Appraised Value ����������������������������������������������������������������20 Marketing Plan ������������������������������������������������������������������21 Marketing Investment ����������������������������������������������������� 22 Our Agency & Fees ���������������������������������������������������������� 23 Method of Sale ������������������������������������������������������������ 24-25 Case Study ������������������������������������������������������������������� 26-27 Next Steps ��������������������������������������������������������������������������28 Agent Profiles �������������������������������������������������������������� 30-31

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Queenstown CBD

1 Suburb Street

location indicative only

Introduction Thank you for the opportunity to present our vision for the sale of 1 Suburb Street and to provide tailored marketing information for your consideration.

Our team offers honest, strategic advice supported by data-driven, bespoke marketing campaigns designed to attract interest not just locally, but nationally and internationally. We’re confident that our experience, network, and approach position us as the ideal team to achieve an outstanding result for your property.

extends well beyond the region - leveraging national databases, digital platforms, and international marketing tools to ensure maximum visibility and engagement across all segments of the market.

In the following pages, you’ll find our insights and recommendations to position your property competitively. We look forward to working closely with you to refine the strategy and timeline, aligning every step with your goals to secure the best possible outcome.

UNMATCHED MARKET EXPERTISE With deep local knowledge and global insights, we provide expert advice backed by real-time data and industry-leading research. Our team understands Queenstown’s unique property market, enabling our clients to make informed decisions to maximise value.

INNOVATIVE, HIGH-IMPACT MARKETING Our bespoke marketing strategies are designed to stand out. We leverage cutting-edge digital campaigns, high-quality visuals, and targeted outreach to attract the right buyers and achieve premium results.

RELATIONSHIPS THAT LAST Beyond the transaction, we focus on long-term relationships. Our commitment to honesty, transparency, and outstanding service ensures clients return to work with us time and time again.

Fred Bramwell

Zach Hylton

Lead Sales Consultant

Sales Consultant

1 Suburb Street | Appraisal

With offices across Queenstown, Wānaka, Dunedin, and Cromwell, we offer extensive coverage across the lower South Island. However, our buyer reach

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Why Colliers

Your Trusted Partner in Premium Residential Sales At Colliers Queenstown, our goal is simple: to help you achieve outstanding results. With deep local expertise and the backing of a powerful national and international network, we are committed to delivering tailored strategies that maximise value and drive success.

Our personalised approach ensures 1 Suburb Street will stand out, with targeted campaigns designed to build momentum, attract the right buyers, and deliver strong results when it matters most.

Our commitment to selling 1 Suburb Street is genuine and long-term.

From planning to final delivery, we’re here to support you every step of the way - working together to achieve the results you deserve.

Colliers – your committed partner

To maximise reach and buyer competition, the Queenstown team will collaborate with Colliers’ Auckland and Australian offices, leveraging their networks of developers, investors, and high-net-worth individuals.

This wider team structure enables access to key buyers both nationally and offshore, while maintaining a single point of contact to ensure clear and efficient communication throughout.

The campaign will be led by residential expert Fred Bramwell, Sales Consultant and Director at Colliers Otago, supported by Queenstown residential specialist Zach Hylton.

Fred Bramwell (Queenstown Lead Sales Consultant)

Tom McAlister Auckland

Diana Sarcasmo Sydney

Zach Hylton Queenstown

Auckland Sales Team

Australian Sales Team

Queenstown Sales Team

1 Suburb Street | Appraisal

Your property sale will be led by our experienced Queenstown-based team, providing you with on-theground knowledge and expertise specific to the local market. This core team is backed by 47 residential, tourism, and commercial specialists across the region, ensuring a well-rounded and data-driven approach to the campaign.

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Why choose Colliers Otago 1. Local Expertise with Global Advantage

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Benefit from Colliers Otago’s deep understanding of Queenstown’s premium residential market, combined with the reach of a global brand. This means your property is well-positioned to attract both local and international buyers through a powerful network of buyers, databases, and digital reach.

2. Success in Premium Property Sales Join a legacy of successful Sales. Colliers Otago has marketed and sold some of the region’s most iconic residential properties.

From strategic pricing and targeted marketing to premium buyer engagement, you’ll see impact from day one. Beyond sales, our knowledge-based approach adds value throughout the entire selling process, ensuring a successful sale of 1 Suburb Street.

3. Expert-Led Team Your property - 1 Suburb Street is in expert hands. Led by Fred Bramwell and Zach Hylton, two experienced and successful sales specialists, and supported by the wider Colliers team, you’ll receive strategic guidance and full-service support across marketing, sales, and development.

4. Cutting-Edge Marketing & Technology Stand out in the market with tailored, high-impact campaigns powered by industry-leading tools. Colliers Otago utilises datadriven buyer profiling and digital channels across the APAC region to ensure your property reaches the right audience, both locally and international.

5. A True Partnership Approach Colliers is more than a sales agent - we’re your trusted, long-term partner. From masterplan to final settlement, insights and support from top industry experts will help you stay ahead of trends and challenges, while transparency, collaboration, and proactive communication are central in our commitment to your success.

1 Suburb Street | Appraisal

23,000 professionals, with 650 in NZ

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70 countries 30 NZ offices

Colliers Network GLOBAL REACH, LOCAL KNOWLEDGE To enhance performance, we leverage national and global relationships with a network of Colliers offices and offshore partner agents. Our global reach and extensive knowledge, with Colliers positioned around the world, provide significant advantages in the market.

Colliers.co.nz has over 700,000 website visitors / year. 55,000 new visitors / month

Colliers Results

1 Suburb Street | Appraisal

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21 Brisbane Street, Queenstown

90 Park Street, Queenstown

8 Suburb Street, Queenstown

19A and 19B Huff Street, Queenstown

7 Salmond Place, Queenstown

12/67 Andrews Road, Queenstown

10 Boundary Street, Queenstown

4 Turner Street, Queenstown

1 Suburb Street | Appraisal

35 Suburb Street, Queenstown

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3 Gorge Road, Queenstown

27A Bowen Street, Queenstown

16 Sawmill Road, Queenstown

Comparable Sales

1 Suburb Street | Appraisal

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8 Suburb Street, Queenstown

15 Brisbane Street, Queenstown

90 Park Street, Queenstown

Floor Area: 170sqm

Floor Area: 130sqm

Floor Area: 450sqm

Land Area: 936sqm

Land Area: 632sqm

Land Area: 1,631sqm

Bedrooms: 3

Bedrooms: 3

Bedrooms: 5

Bathrooms: 2

Bathrooms: 2

Bathrooms: 1

Parking: 1

Parking: 1

Parking: 1

Capital Value: $3,100,000

Capital Value: $3,080,000

Capital Value: $10,000,000

Comments: Sold by Colliers at the end of 2024. This was high-density zoned land that the purchaser was able to configure 8 high-end townhouses on. They have been selling these off plan for all of this year and not managed to achieve a result. Slightly different in appetite due to being more developer focused than ‘trophy’ focused.

Comments: An older 70’s era home which will be knocked down, thus sold for land value.

Though the property is not as premium of a location as 1 Suburb Street, the benefits are a larger section size and medium density zoning.

The result is still a good statistic for the area, and good support for strong demand in the market.

Comments: Sold by Collers in 2024, and a landmark sale for the street. Sold by way of Deadline Treaty with multiple offers on the day. 2 Subub Street was also included in the sale for this. As it was sold as a ‘multiple sale’ we are unable to differentiate value difference between 90 Park St and 2 Suburb St.

Sale Price: $3,100,000

Sale Price: $3,450,000

Sale Date: October 2024

Sale Date: April 2025

Sale Price: $11,800,000 Sale Date: October 2024

Comparable Sales

7 Suburb Street, Queenstown

8 Galway Court, Queenstown

Floor Area: 150sqm

Floor Area: 130sqm

Floor Area: -

Land Area: 678sqm

Land Area: 513sqm

Land Area: 1,003sqm

Bedrooms: 3

Bedrooms: 3

Bedrooms: -

Bathrooms: 1

Bathrooms: 2

Bathrooms: -

Parking: 1

Parking: 4

Parking: -

Capital Value: $3,690,000

Capital Value: $1,850,000

Capital Value: $2,450,000

Comments: Sold at the beginning of 2024 at Auction. This is a premium address, just with a park aspect over a lake aspect. The main benefit this site has is its medium density zoning. As far as a ‘trophy address’, this would be less desirable.

Comments: This is likely the closest direct comparison in the fact that the section size is similar and has the same current zoning.

However, given this is not a ‘lake front position’ property, this would be a less desirable option.

Comments: Not entirely comparable as this is a Queenstown Hill sale, but with ‘land value’ sales being scarce, we need to look slightly further afield. Purchased by the owner of the neighbouring section to make a ‘super site’ of which he will build a landmark property. As a result, this cannot always be classified as ‘market value’.

Sale Price: $3,650,000 Sale Date: February 2024

Sale Price: $1,800,000 Sale Date: March 2024

Sale Price: $2,500,000 Sale Date: April 2024

1 Suburb Street | Appraisal

6 Park Street, Queenstown

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Currently on the market

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5 Hobart Street, Queenstown

50 Belfast Terrace, Queenstown

Floor Area: 165sqm

Floor Area: -

Land Area: 985sqm

Land Area: 879sqm

Bedrooms: 4

Bedrooms: -

Bathrooms: 2

Bathrooms: -

Parking: 2

Parking: -

Capital Value: $4,320,000

Capital Value: $2,535,000

Comments: This is a medium density site that will offer scope for a larger scale development.

A trophy position, but will likely go to a developer.

Comments: A good comparable in that this is a trophy site in a premium street address.

A larger site at 879sqm, this has been for sale since September 2024 - the desired sale price is $2.7m.

Method of Sale: Deadline Sale

Method of Sale: Price by Negotiation

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1 Suburb Street

Property Details 1 Suburb Street, Queenstown Floor Area

90sqm (more or less)

Land Area

524sqm (more or less)

Bedrooms

3

Bathrooms

1

Capital Value

$2,120,000

Property Highlights • Bordering council land for space/ development security • Only one neighbour • Incredibly unique lake facing position • A location that cannot be repeated elsewhere

Lifestyle-Driven Buyers / Second Homeowners

• Profile: Investors, entrepreneurs, or professionals (50–70+) seeking a prestige asset or legacy property.

• Profile: Professionals or semi-retired couples (40–65), often without school-aged children.

• Motivation: Long-term capital growth, status, iconic views, and exclusive location.

• Motivation: Holiday home, ski base, escape from city living, family retreat.

• Geography: • Domestic: Auckland, Wellington, Christchurch and Queenstown locals • International: Australia (Sydney, Melbourne), Singapore, Hong Kong, USA, UK (particularly expats), increasingly UAE-based buyers.

• Geography: NZ-wide (especially North Island), Australia, offshore Kiwis.

Developer-Buyers or Custom Home Builders • Profile: Smaller-scale boutique developers or affluent buyers wanting to engage their own architect.

• Motivation: Design their dream alpine home or speculative resale at the luxury end.

Expat New Zealanders Returning or Investing • Profile: Often aged 35–55, financially successful, looking to either return home eventually or maintain a connection with NZ. • Motivation: Secure a prime piece of real estate; future relocation or part-time residency.

1 Suburb Street | Appraisal

High-Net-Worth Individuals (HNWIs) – Domestic and International

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Passive Investors Seeking Trophy Assets • Profile: Less emotionally involved, more yield-focused but still appreciating prestige.

• Motivation: Rent as a luxury short-stay (if visitor accommodation consent exists), asset appreciation in a supply-constrained luxury segment.

Key Buyer Characteristics • Value exclusivity and views over size.

• Want turn-key quality, high design standards, or blank canvas potential.

• Many are not price-sensitive but expect a premium experience.

• Often already own property elsewhere (Queenstown may be the third or fourth property in their portfolio).

• May be influenced by brand cachet, including developer/architect pedigree and sales agency prestige (e.g. Colliers).

Marketing

Buyer Profile Matching

Colliers’ key advantage for vendors is our ability to buyer match across multiple channels.

In addition to our qualified buyer database, we can access clients across the commercial, rural, residential, valuation and advisory divisions, accelerating success for our vendors.

Mobilising the sales force - Internally Our extensive referral network within Colliers both nationally and internationally is unmatched in this market. An example of this is a recent referral from our Auckland office which resulted in the sale of a high value parcel of land for a residential developer looking for Southern Lakes District opportunities.

Mobilising the sales force - Externally As part of our commitment to your sale, Colliers will also ensure the option is open to external agencies to introduce potential purchasers. What this means for you is that, whilst Colliers will be actively working to secure a sale through our networks and promotions, we will also engage buyers brought to us by other real estate companies.

This gives you security that by employing Colliers, no buyer will be closed out of the process.

1 Suburb Street | Appraisal

Working for more than two decades within the residential, commercial, valuation and advisory and project marketing spheres, the combined Colliers Otago business has the contacts and referral networks to present your property to potential purchasers with the means to secure a property at this level.

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Appraised Value

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As you will understand, this is a trophy site and has not been taken to market for generations. It will most probably sell to clients who will ultimately develop a premium residential home. As a result, land size, position, access and zoning forms the key aspects. These sites are very individualised with their different aspects and are hence very hard to price exactly. Although we have inserted ‘comparable sales’ in our comparative market analysis, essentially there are no direct comparable sales to get an accurate representation of value.

The distinctiveness of this site means its value is open to wide interpretation, with agents, valuers and buyer potentially seeing differences in worth spanning over $1,000,000.

The ideal way to sell these properties is to put them through an auction campaign, and therefore putting buyers into direct competition to achieve premium prices in the auction room. Based on comparable historic sales only, we look at one of the closest comparative sales at 6 Park Street, which was not as good a position as your property, but medium density, so could be more developed. 6 Park Street sold at $5,383 sqm. The market will ultimately inform us as to where value lies; our job is to market the property to achieve the very best price outcome for you. Our job is simply to get as much attention on the site as possible, and get as many people in the auction room to fight for the privilege to own it.

We understand you wish us to put a price bracket on the site. After some consideration, we envisage your property to likely sell between the range of $2,800,000 and $3,300,000+.

Marketing Plan D E TA IL

1 Suburb Street | Appraisal

P U B L I C A T I ON

AM O U N T ( IN C G ST)

DIGITAL Realestate.co.nz

1 x listing plus Platinum Package

$949.00

Trademe.co.nz

1 x listing plus Platinum Package

$1,429.00

Colliersotago.co.nz

Listing

Free of charge

Colliers.co.nz

Listing

Free of charge

Oneroof.co.nz

Listing

Free of charge

Homes.co.nz

Listing

Free of charge

Social Media

Geographically and demographically targeted

$800.00

Google Display Network

Website Targeted

$800.00

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SUBTOTAL $3,978.00

OTHER Professional Photography

Collier’s Cost

Title pulled from Land Registry

Collier’s Cost

Production of Information Memorandum

Collier’s Cost

900 x 1200 Photo signboard created and installed on site & removed

$100.00

Auctioneer Fees (Auctioneer fee, auction room and online streaming)

$655.50

LIM (Recommended)

$300.00

Property Video

$400.00

Social Media Reel

$195.00

Aerial Photography

$200.00 SUBTOTAL $1,850.50

Total (inc GST) $5,828.50

Marketing Investment RECOMMENDED METHOD OF SALE Taking into consideration the likely buyer demographic and key attributes of your property in the context of the Queenstown market, we recommend the property be marketed For Sale by Auction.

MARKETING CAMPAIGN We suggest a sales and marketing strategy that is local, national and international and utilises a range of media in order to give the property maximum exposure in a cost-effective manner. This level of marketing investment can be revised dependent on your budget and requirements.

Our Fees

Sole agency

•

Uncomplicated and effective

•

Single point of accountability

•

Clear and consistent messaging to the marketplace — essential

1 Suburb Street | Appraisal

Agency &

•

Removes the ability of the buyer to manipulate the process by dealing with multiple agencies during bidding

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We will act as sole agents for the marketing and sale of the property. Our fees are based on performance and reflect a percentage of the sale price when an unconditional sale is concluded.

Benefits of sole agency

•

Best alignment is achieved with one agency — multiple agencies can prove to be very counter‑productive for price maximisation

•

Complete transparency throughout the process

Commission payment structure Our Professional fees are a flat fee of 4% plus GST, however we are pleased to offer you a discounted rate of 2.7% plus GST and a $500 + GST Administrative fee.

Method of sale Our recommendation is to run 1 Suburb Street as an Auction campaign.

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Deadline Sale

Price By Negotiation

Sale by Deadline Sale creates competition between buyers without price being the focus. Ultimately, this method gives the vendor the optimum opportunity of achieving a best price outcome while still providing the option to accept prior offers if they are compelling.

Sale through Price by Negotiation creates an environment whereby the attributes of the property are the focus. Defining the correct marketing price can be a challenge where a property is unique. Utilising Price by Negotiation encourages the market to price the property where they see its value, whilst the vendor retains full control of the process.

Benefits of this approach include:

Benefits of this approach include:

• No-price marketing offers the ability to achieve a premium sale figure

• No-price marketing offers the ability to achieve a premium sale figure

• A clearly defined process with strict milestone dates to generate maximum competitive tension

• Process invites potential purchasers to view and fall in love with a property with no perceived pricing barriers

• Mitigation of risks to you during the sales process via thorough preparation and planning

• Mitigation of risks to you during the sales process via thorough preparation and planning

• Leaving no stone unturned in terms of access to purchasers and getting them to participate

• Offers can be made and deals negotiated at any time during the process

• Ability for you to negotiate deals at any time during the process

• A low-pressure option for both buyers and sellers in terms of not working to set deadlines

• Does not discourage purchasers who dislike pressure and may wish to offer prior to campaign close

Fixed Price

Sale by Auction suits properties that will be in high demand or are difficult to price. It sets a clear timeframe for the sale and doesn’t limit maximum sale price.

Sale by Fixed Price tells the market that we are confident in our appraisal of the value of the property and sets expectations from the outset.

Benefits of this approach include:

Benefits of this approach include:

• All offers are unconditional

• Tells the market what the vendor expectation is around price

• No-price marketing offers the ability to achieve a premium sale figure

• Purchasers express a preference for seeing prices on properties

• A clearly defined process with strict milestone dates to generate maximum competitive tension • Mitigation of risks to you during the sales process via thorough preparation and planning • Leaves no stone unturned in terms of access to purchasers and getting them to participate • Ability for you to accept a pre-auction offer at any time during the process • Transparency of process gives buyers social proofing that the price they are willing to pay is market price • Reserve price set confidentially to ensure the property is only eligible for sale at the vendor’s choice of price • Only qualified buyers are interested in bidding, allowing for a sale on the day.

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• Leaves no stone unturned in terms of access to purchasers and getting them to participate – some buyers opt not to work with no-price processes • Pre-qualification of purchasers prior to enquiry • Ability for you to accept an offer at any time during the process

1 Suburb Street | Appraisal

Auction

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Case Study

71 Arrowtown-Lake Hayes Road

We believe that the unique nature of 1 Suburb Street would likely attract similar attention from key high-net-worth individuals and would highly benefit from our teams collaborative efforts. We assure you that our team will work collaboratively to ensure your property is presented to key, qualified buyers - leveraging our team’s longstanding relationships across all property sectors throughout Queenstown.

1 Suburb Street | Appraisal

This premium lake-front section was listed by the Colliers residential team in April 2025. This trophy site had been in the previous owners family for generations, and it was very likely that this would go to a high-net-worth individual/developer looking to make their mark on the landscape. As a result, the combined effort of the residential team, alongside our commercial team working with long term key clients, managed to produce five registered purchasers on Auction day. Ultimately the buyer came from a long term client of our Commercial team, pushing the result to $6,815,000 – a record for a section of land in the area.

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Next Steps To ensure a successful and efficient sale of 1 Suburb Street, the following key actions are proposed: Stakeholder Workshop • • •

Align on financial goals Clarify stakeholder expectations regarding timing and outcomes Define clear success metrics to guide the process

Agency Engagement • • •

Confirm Colliers as the appointed sales agency Agree on terms of engagement, including commission structure, reporting processes, and collaboration protocols Finalise communication channels and points of contact

Sales & Marketing Timeline • • •

Pre-Market Preparation: Professional photography, marketing materials, and buyer targeting strategy developed ahead of launch Launch Strategy: Coordinated off-market release to key buyers, followed by a public campaign across digital, and social channels Active Campaign & Conversion: Targeted buyer engagement, private viewings, and auction strategy aligned with pricing milestones to drive offers and secure the sale

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FR ED B R A M W ELL Director | Sales Consultant

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Contact Details M +64 21 435 694 fred.bramwell@colliersotago.com Colliers Queenstown 36 Grant Road, Level 1 Building 8, Five Mile Queenstown 9371

With over 23 years of experience in real estate, Fred Bramwell has firmly established himself as a leader in Queenstown’s dynamic business landscape. As Director of Residential Sales, Fred’s strategic vision and decisive leadership style have seen him excel in every aspect of the industry. His extensive experience spans all market segments —from land development projects to residential sales— making him uniquely positioned to lead with insight.

Fred’s career includes seven years as a sheep and cattle farmer before a pivot into the tourism sector, where he successfully owned and operated a white-water rafting business for 11 years. His early entrepreneurial spirit and success laid the foundation for his later transition into real estate. With a keen eye for opportunities, Fred’s business acumen saw him take his former real estate agency, hoamz, from outsiders to one of Queenstown’s leading agencies in just a few short years. A recognized expert in the apartment market, Fred’s strategic foresight and ability to identify emerging trends allowed him to lead the charge in this sector.

His work as Lead Agent for the Peninsula Development has further solidified his reputation as a go-to expert. With more than two decades of Queenstown-based expertise, Fred’s ability to navigate diverse markets with precision has made him a trusted advisor to clients across the region. A proud Queenstown local for over 36 years, Fred’s leadership is guided by a strong sense of community. Passionate about supporting local schools, Fred ensures that the businesses he is involved with align with his values. When not helping clients buy or sell properties, Fred enjoys spending time with his family and immersing himself in the great outdoors.

Testimonials: “Massively proactive team - Sucha very big heartfelt thank you to you and all the team. As I’ve said before, you are by far, the best property team I have ever has the pleasure of dealing with. With a strong desire to sell behind us and a massively proactive team such as yours enabling with. With a strong desire to sell behind us and a massively proactive team such as yours enabling us to realise the financial potential of the Queenstown property we are now in a position where Phil has life options that were previously less available to him. The adventure has begun... - J” “Down to earth - Fred was great to deal with - no rubbish and no fancy talk - can’t be bothered with that. Good down to earth, professional service” - Mark

Z ACH H Y LTON Sales Consultant

M +64 27 369 6805 zach.hylton@colliersotago.com Colliers Queenstown 36 Grant Road, Level 1 Building 8, Five Mile Queenstown 9371

Roots firmly embedded in local soil combine with a wealth of real estate experience for Zach Hylton. Driven to succeed, the Queenstown native elevated his property career through four years spent on Australia’s Gold Coast. Listing and selling premium property in a highly-competitive environment taught Zach the importance of both the fundamentals of the business and the need to embrace change. Utilising technology platforms to evolve ahead of the market, Zach prioritises client communication and offers a high-energy and personally-tailored approach for each client.

Zach’s well-established local networks and advocacy for the Southern Lakes District shine through in every interaction.

Passionate about music and skiing and often found out on the lake or mountain biking in the hills, his broad experience base and local knowledge offer clients unparalleled assistance in their real estate transactions.

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Contact Details

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Testimonials: “Excellent service - I would absolutely recommend Zach as an agent. The whole process of buying our dream home was smooth and we were very happy with the excellent service he provided - Rachel” “Such a genuine person - Just want to make a special mention of Zach Hilton, he is a true asset to your company with his professionalism, and he is such a genuine person. We met him at the auction of 30 Sandford Street where he introduced himself and we started chatting about properties and what we were looking for. He was in constant contact with us, and he suggested 29 Bannister for a viewing where we fell in love with the house! Thank you all so much for helping us find our dream home, can’t wait to movie in - Rodney”

colliersotago.co.nz

Disclaimer The opinions, estimates and information given herein or otherwise in relation hereto are made

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 Colliers or another advisor able to provide the services of 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. 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.

Otago Realty (NZ) Ltd, Licensed REAA 2008