214 Ramada Remarkables

Income and enjoyment

This stylish and spacious one bedroom apartment at Ramada Remarkables Park Hotel is fitted with contemporary furnishings and maximise the creative use of space partnered with an elegant, modern design. Owners will enjoy 10 days of free use every year for the life of the lease, allowing enjoyment of both solid investment returns and the opportunity to experience this unique destination.

The apartment investment opportunity at Ramada Remarkables Park Hotel is ideal for investors who are looking for an investment property that has a reputable commercial tenant and a secure return throughout the lease term.

The hotel is two minutes’ drive from Queenstown Airport and only seven minutes from the central city. On the doorstep of the hotel is The Remarkables Park Town Centre - which houses a wide range of shops, businesses and restaurants. The hotel is located at the top of the new High Street area, within walking distance to several stores and amenities.

• 34m² one bedroom apartment

• 10 days free use per annum for owners

• Long lease term with Ramada Management returning $1,517.23 plus GST per month

• Fully furnished apartment

• Option for overseas investors to purchase

• Hotel comprises just 54 premium furnished apartments, gym, restaurant and conference facilities

Price is plus GST if any.

boundary indicative of complex

Executive Summary

Other Information

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

• Full Pre Contract Disclosure Statement

• Full Record of Title

• Last 12 months financial performance

• Body Corporate rules

• AGM minutes

• Chattels list

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.

(d) The notices and minutes of general meetings of the body corporate for the previous 3 years:

(i) including all supporting documentation; but

(ii) excluding any information that may be redacted for the reasons specified in regulation 27A(2); are a attached.

(e) The name and contact details of the body corporate manager is as follows:

(f) The 12 – month period comprising the financial year for the purposes of the financial statements of the body corporate is 1 1st July 2023 – 30th June 2024

(g) The body corporate levies payable for the unit for the financial year: $ $3,309 23

(h) The budget has not been finalised for the ensuing year. The budget will be presented at the AGM

(i)

(i) The details of maintenance that the body corporate proposes to carry out in the unit title development in the year following the date of this disclosure statement are a attached in the long-term maintenance plan

(ii) The body corporate proposes to meet the cost of that maintenance within the next 10 years.

RECORD OF TITLE

UNDER LAND TRANSFER ACT 2017 UNIT TITLE

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

Identifier 736739

Land Registration District Otago

Date Issued 03 June 2016

Prior References

736700

Estate Stratum in Freehold

Legal Description

Registered Owners

Principal Unit 214 and Accessory Unit 20 Deposited Plan 497989

Smart Business Limited

Supplementary Record Sheet 741006

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

10059351.6 Encumbrance to Remarkables Park Limited - 14.7.2015 at 5:07 pm

Appurtenant to principal unit 214 DP 497989 is a pedestrian access easement created by Easement Instrument 10404894.12 - 3.6.2016 at 5:43 pm

The easements created by Easement Instrument 10404894.12 are subject to Section 243 (a) Resource Management Act

1991

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.

ANTI-MONEY LAUNDERING

Proving your identity when buying or selling a house

From 1 January 2019, real estate agents are required to verify the identity of their vendors in accordance with Anti-Money Laundering legislation. In some situations, real estate agents will also be required to verify the identity of purchasers. If your real estate agent cannot verify your identity in line with the legislation, they will not be able to act for you.

Identity verification can take days and sometimes weeks if a Trust or company is involved, or where parties reside overseas.

The below gives an indication of some of the documents your real estate agent may ask you to present in person or as a certified document as part of this process:

Individuals:

Passport, NZ Firearms Licence or NZ Drivers Licence with another document such as a bank statement or statement issued by a Government agency. You will also need to provide a document with your residential address (for example, a utility bill).

Trusts:

The Trust Deed and, for all trustees and settlors, the information required for individuals as noted above, together with information regarding the Trust’s source of funds or wealth. Additional information may also be required for beneficiaries and appointers.

Companies:

Details of the company, together with the information for individuals noted above for every individual with more than a 25% shareholding, all individuals with effective control of the company and all individuals acting on behalf of the company. Information regarding source of funds or wealth may also be required.

Note: The above list is not exhaustive and is indicative only. Your real estate agent will assist you with the specific requirements in relation to your situation.

DISCLAIMER: The material and information contained herein is for general information purposes only and is not intended to form professional legal advice. REINZ does not accept liability for any claim or other action that may arise directly or indirectly from the use of or reliance on the material and information provided herein. REINZ recommends you seek independent legal advice if you are unsure of your legal position.