Welcome to the Colliers Deadline Sale information for 21-27 Adelaide 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 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.
Density to Develop
In close proximity to Queenstown, this substantial 1,413sqm High Density site offers outstanding development potential. Take advantage of the existing project plans or redesign the site to suit your own vision. The property is zoned to allow for multi-unit or residential development.
Positioned in a premier location, just a short walk from the Queenstown Gardens and CBD, this large parcel of land represents a prime development opportunity in a location highly sought after.
Our owners currently have a resource consent lodged with council (RM240164) to construct 26 one-bedroom studio units, each with 365-day Visitor Accommodation consent. The design incorporates the existing site easement, and the consent is pending approval All property files and recent comparable land sales are available on request.
A change in direction means our owners are now looking to sell, and all offers will be considered at deadline.
Deadline Sale Closes: Wednesday, 26 November at 12 noon (unless sold prior) Please email all offers to jesse johnston@colliers com
Executive Summary
Address: 21-27 Adelaide Street, Queenstown
Rates:
QLDC: $7,906.87 per annum
ORC: $1,667.58 per annum
CV: $4,210,000
Land Area: 1,413m² more or less
Aspect: South
View: Town, lake, mountain
Land Contour: Mixed
Sewerage: Council supply
The following information is also available for this property – contact us for your copy.
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
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
