The Summit of Apartment Living
Secure your spot at the heart of Queenstown’s fastest-growing area. Remarkables Park and the surrounding area offers a wealth of retail and dining options, and this beautiful two-bedroom apartment provides the chance to live and invest close to the action.
Positioned on the second level of the complex, this prime unit designed by renowned architects Mason & Wales offers a feeling of spaciousness and comfort with outlooks to the nearby iconic mountains.
Schooling of all levels is nearby along with Queenstown International Airport, sporting amenities and the fantastic network of trails inviting residents to enjoy the alpine surrounds. Freehold unit title secures value into the future.
Prompt enquiries recommended.
• Two bedroom residential apartment in Frankton
• 68.8 sqm living area plus a 9m² balcony
• The apartment also contains a list of furniture
• One undercover 21m² parking space plus a storage unit
• The apartment also contains a list of furniture which can be purchased
Executive Summary
Address
Rates
CV
Body Corporate
Floor Area
U203/34 Red Oaks Drive, Frankton
QLDC: $3,490.70 per annum | ORC: $353.47 per annum
$760,000
$2,278.69 + GST for the first half of the current financial year starting 1 October 2024
77.8 sqm floor area, 21m² carpark
Built 2021
Exterior Concrete Block
Floor Coverings
Windows
Heating
General Features
Carpet, tiling, imitation timber
Double glazed
Heatpump, electric underfloor in bathrooms
Balcony
Laundry Cupboard
Views Mountain
Parking 1x carpark with storage
Other Information
The following information is also available for this property - contact us for your copy.
• Full Pre Contract Disclosure Statement
• Title
• Rental appraisal
• Body Corporate rules
• REA Guides
• Chattels list
• Photos
• Floor Plan
• Copy of Sales and Purchase Agreement
Frankton
Frankton was founded in 1863 during the gold rush, with the earliest of the residential housing built between 1910 - 1920. Most of the houses we see today were constructed in the 1990s, but the town still hides many historic gems scattered around the area. Frankton today is a very popular place to buy or rent due to its easy access to shopping, cafés and restaurants, excellent schooling of all levels, mountain views and yearround sun. Frankton is also home to the Remarkables Park Shopping Centre, Queenstown Central and Five Mile Shopping Centre and multiple supermarkets and big-box retailers, as well as a host of commercial and industrial amenities. Queenstown International Airport is also located here and Frankton plays host to the public transport hub, with Frankton Bus Shelter at the heart of the suburb. To top it all off, locals can enjoy Frankton Bay, which is an incredibly popular spot to relax or enjoy watersports in the warmer months. It is also a beautiful place to simply sit and take in the stunning views down the Frankton Arm of Lake Whakatipu.
Indicative Floor Plan
PRE-CONTRACT DISCLOSURE STATEMENT
s 146 Unit Titles Act 2010 and s 33 Unit Titles Regulations 2011
Date prepared: 25 September 2024
Unit plan: DP 563272
Body corporate name and number: Nevis Apartments BC 563272
Unit number: 203
1. Pre-contract Disclosure Statement
This Pre-contract Disclosure Statement is provided to prospective buyers of the property in accordance with section 146(1) of the Unit Titles Act 2010.
2. General Information
This document contains brief explanations of information relevant to the purchase of a unit titled property. It is highly recommended that the buyer obtain independent legal advice by consulting their legal representatives about any information contained in this stateme nt and before signing a contract to buy in a unit titled development.
Further information on buying, selling or having a unit plan can be obtained from the Tenancy Services website: https://www.tenancy.govt.nz/uta/. The Ministry for Business, Innovation and Employment also has available various publications on unit title pro perties that may be of assistance.
Unit Titled Property Ownership:
A body corporate comprises all owners of unit titled development. Unit titles are a form of multi -unit ownership and allow owners to own an area of land or part of a building and share with other unit owners the common property.
There are various rights and responsibilities that differ to the more traditional house and land ownership structure.
Unit titled ownership has a body corporate structure where decisions about the units and the common property need to be made by the owners working as a collective. The main governing legislation for unit titled properties is the Unit Titles Act 2010 and its Regulations.
Generally, a body corporate may arrange maintenance and upkeep of the building, the building insurance, general amenities such as rubbish collection, gardening etc as agreed upon by the owners. The funding of a body corporate is by levies that are attached to each unit. Levies are collected for the general upkeep of the building and its amenities as well as for long -term maintenance of the complex. The long -term maintenance plan of the complex is required under the Unit Titles Act 2010 and its Regulations to be for a minimum period of 10 years.
RECORD OF TITLE UNDER LAND TRANSFER ACT 2017 UNIT TITLE
Search Copy
Identifier 1000769
Land Registration District Otago
Date Issued 14 October 2021
Prior References 804275
Estate Stratum in Freehold
Legal Description Principal Unit 203 Deposited Plan 563272 and Accessory Unit B17 Deposited Plan 563272
Registered Owners
Gilbert & Partners Limited
Supplementary Record Sheet 1004452
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
11043975.4 Encumbrance to Remarkables Park Limited - 6.3.2018 at 3:34 pm
12154778.1 Variation of Encumbrance 11043975.4 - 14.10.2021 at 11:13 am
Land Covenant in Covenant Instrument 12298679.2 - 11.11.2021 at 3:25 pm
12277514.3 Mortgage to ANZ Bank New Zealand Limited - 2.12.2021 at 3:27 pm
Reference acuebillas001
Rental Appraisal
Date: Tuesday 8th October 2024
Property: U203 Nevis Apartments, 34 Red Oaks Drive, Frankton
To whom it may concern:
Queenstown investment property is our specialty. At Pure Property, we focus purely on managing properties to maximise rental income and minimise owner input.
As a small team dedicated to property management and with decades of combined industry experience, Pure Property provides a personalised service allowing us to tailor management options to suit your needs
Pure Property will take care of every aspect of managing your property. Our services include but are not limited to:
High-exposure marketing to minimise vacancy time
In-depth tenant selection to protect your investment
Full and detailed financial reporting
Regular rental reviews and careful arrears control
Skilled maintenance contractors available 24/7
Regular scheduled inspections with photographic reporting
Use of market-leading property management systems and technology
On-call property managers 24/7
Proactive communication
Property Description
Two bedroom, one bathroom 62sqm apartment
One carpark with storage
Prime Frankton location offering convenient access to nearby shops, restaurants and Remarkables Park precinct
Rental Returns
We believe that a weekly rental return of the current condition of the selfcontained unit to be between $700 and $750 per week.
This appraisal is based on the current market conditions, comparable Pure Property rental properties and advertised properties. Market and seasonal conditions at the time of letting, along with the number of tenants, un/furnished and the length of the tenancy will also influence the actual rent that can be achieved.
Please note: Whilst careful market research has been undertaken to provide realistic appraisal information, Pure Property accepts no liability for the accuracy and extensiveness of the appraisal information provided Please do not use the appraisal information for financial purposes
Should you have any queries or require further information in relation to our services, please do not hesitate to contact me on the details attached.
Kind regards,
Billie Cole Property Manager
P 03 409 0480 M 027 275 2805 E Billie@purepropertyrentals.co.nz
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.
