31B Onslow Road - IM

INFORMATION MEMORANDUM

31B Onslow Road, Lake Hayes Estate Auction: 12pm Wednesday 19 August 2026

Prepared by Fred Bramwell Sales Consultant 021435694 fred.bramwell@colliersotago.com

Accelerating success.

WELCOME

Welcome to the Colliers Auction for 31B Onslow Road, Lake Hayes, Queenstown If you haven’t been involved in an auction 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 an auction is generated.

As the property is being marketed and potential buyers are being taken through, the agents listen carefully to the responses of the interested parties and their feedback on the value of the property – after all, buyers who are actively in the market, comparing and contrasting properties every day, generally have very valuable opinions on what the property is worth. The Sales Consultants will then take this feedback to the vendor.

For this reason, we ask that all interested parties view the property with an open mind and always take time to indicate to the Sales Consultant where in the market they believe the property will sell. Potential purchasers should never feel embarassed, as there really are no right or wrong answers – the value of a house is what the market is prepared to pay at that time.

Once the buyer feedback is communicated to the vendor and as the campaign reaches a close prior to the auction, the Sales Consultant will discuss the value of the home with the vendor and set a reserve price. The reserve price for the auction is never set in advance, only in response to the feedback from the marketing campaign.

We hope this has provided you with some insight into the auction process. Thank you for your interest in this property.

METHOD OF SALE

Buying at Auction Buying at auction is a relatively simple process, with many advantages for the buyer as well as for the seller.

However, it’s not simply a matter of turning up on the day and catching the auctioneer’s eye. You do need to do your homework so that you know your rights and obligations, and so that you feel comfortable bidding on the day.

To help you better understand how auctions work, we’ve put together a list of key things you’ll need to do before you raise your hand on auction day.

Register your interest You must let the Sales Consultant know if you are interested in buying the property. That way, if another buyer makes an offer before the auction, the Sales Consultant will be able to contact you.

Arrange finance This is very important. Buying at auction is unconditional – there is no ‘subject to finance’ clause – so you must be sure you are able to fully finance the home if you are the successful bidder. Most lenders will pre-approve your bid, up to a certain price. If you are the successful bidder you will also need to pay a deposit (usually 10% of the sale price) on the day of the auction.

Read the contract The ‘Particulars and Conditions of Sale’ is the contract signed by the seller and the successful bidder.

It contains a legal description of the property, a list of chattels, terms of settlement and the possession date.

Obtain a copy before the auction and get your lawyer to check it for you.

Make any changes If the terms of the contract don’t suit you, you may be able to change them. For example, you may be able to extend the possession date or pay a lesser deposit. You must let the Sales Consultant know before the auction, and obtain the seller’s agreement in writing.

Carry out all the checks The onus is on you, the buyer, to ensure that all checks have been carried out before the auction day. This includes LIM reports, builder’s inspection, valuation, etc.

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 Sales Consultant can refer you to similar homes which have sold recently that are a good comparison.

Otherwise you could arrange for a valuation.

Know the process Talk to the Sales Consultant about exactly what will happen on the day. You may like to attend a few other auctions before bidding yourself, to familiarise yourself with the process.

Once you’ve done all the groundwork, you can get ready to bid with confidence and enjoy the excitement of auction day.

AUCTION

Frequently Asked Questions Can I make conditional bids?

An auction is based on an unconditional bidding process. This means that you are comfortable with your finance and the detail and condition of the property before you bid. There may, in some circumstances, be the opportunity to change certain terms and conditions such as the possession date or deposit amount, but this needs to be done prior to the auction along with your Sales Consultant, and must gain the owner’s agreement in writing.

What is a vendor bid?

In most auctions the auctioneer is given the right to bid on behalf of the vendor, to keep moving the bidding along if necessary. The auctioneer will always disclose this right to the room prior to the auction, and will always make it clear if the bid is a vendor bid. Vendor bids will only be entered up to the reserve price, once this is achieved the auctioneer will no longer accept anything other than live bids.

What does ‘passed in’ mean?

Passed in is when the property reaches the conclusion of the auction but the reserve price has not been reached. This means that the property is unsold.

Can I change my mind about a bid?

No bids can be retracted. Interested parties must be completely certain that this is the direction they wish to take, and that they are capable of completing the sale prior to bidding at auction.

If there are only vendor bids on the auction, is there any point in my bidding?

If there is no live bidding, negotiations will commence on the property with all interested parties, which may mean more competition and a multi-offer situation.

Will the auctioneer be in contact with the vendor during the auction?

Sometimes the auctioneer will break the auction to consult with the vendor. This may be regarding price, or the direction the auction is taking.

In all circumstances the auctioneer will make it clear to the room what stage the auction is at.

How do I bid?

We understand that bidding on an auction can seem daunting. We want our clients to feel reassured that the process is professional and transparent at every stage.

Below are some hints to help you feel more comfortable with how the bidding process works: Feel free to start the bidding where you choose making the initial bid can be difficult, but our auctioneer is trained in the process and understands where the bidding increments should be at every stage of the auction.

If you’re not in a position to start the bidding, make sure you come into it at a level when the figure is within your price range. It always pays to have a little room to manoeuvre, rather than waiting until you’re close to your limit.

Make your bids confident and clear - not only do other buyers realise that you’re serious about bidding, but it pays to ensure there is no chance the auctioneer can miss a last-minute bid. Try to keep the bidding spirited rather than hesitating, which can indicate to other bidders that you are close to your limit.

Understand that the auctioneer will ‘call’ the property three times as he or she is about to close the bidding.

This is a clear signal to ensure you’ve put your best foot forward and are comfortable with the level of the bidding and the course of the auction.

AUCTION

Pre-auction offers An auction is based on an unconditional bidding process.

This means that you are comfortable with your finance and the detail and condition of the property before you bid. There may, in some circumstances, be the opportunity to change certain terms and conditions such as the possession date or deposit amount, but this needs to be done prior to the auction along with your Sales Consultant, and must gain the owner’s agreement in writing. All preauction offers must be unconditional.

If the offer is not at an acceptable level, no counter offer is made, it is merely communicated to the Purchaser that at that stage the offer was not at a level that would stop the auction.

The offer is prepared on a Colliers Auction Particulars & Conditions of Sale with the following time clause added as a special condition:

If it is established that there are no other interested parties then – at the Vendors’ discretion – the property can be sold at this point.

The purchaser agrees that this offer: a) shall remain open for acceptance by the vendor; b) may not be withdrawn or revoked by the purchaser until 6pm on the second working day after the date on which the offer has first been presented.

If other registered buyer/s wish to make an offer we will bring the auction forward. If the auction is brought forward, the opening bid announced will be the purchase price specified in the instigating offer already made, which will also be the declared reserve price.

If the offer is at an acceptable level, all other interested parties are then contacted and told that an unconditional offer to purchase the property, at a level that is acceptable to the Vendor, has been recieved

This should all be done within two working days, after the details of the offer have been communicated or presented to the Vendor.

31B Onslow Road, Lake Hayes Estate

Convenient Location With Mountain Views Land Area: 832 m²

Exceptional sunny section with stunning natural views.

Positioned within the highly sought-after Lake Hayes Estate, this outstanding 832sqm section presents a rare opportunity to secure a generous parcel of land in one of Queenstown's most desirable residential communities.

Enjoy the perfect balance of convenience, privacy, and natural beauty, with captivating mountain and river views creating an exceptional backdrop for your future home.

The section enjoys a sunny aspect, maximising natural light throughout the day and providing the ideal setting for seamless indoor-outdoor living.

Auction on Wednesday 19 August 2026 at 12:00pm, Level 1, Building 8, 36 Grant Road, Frankton

Privately positioned and offering ample space for a substantial family home, this site allows you to design and build a residence that takes full advantage of the stunning surroundings. Whether you're looking to create your forever home or secure a premium investment in a thriving neighbourhood, this property offers endless possibilities.

Families will appreciate the convenience of being just a 15-minute walk to the local school, allowing children to enjoy a safe and easy commute. The vibrant Lake Hayes Estate community is renowned for its parks, walking and cycling trails, family-friendly atmosphere, and easy access to both Arrowtown and central Queenstown.

31B Onslow Road, Lake Hayes Estate

Executive Summary Address:

31B Onslow Road, Lake Hayes Estate, Queenstown, 9304

Rates:

QLDC: 2026 Rates TBC ORC: 2026 Rates TBC

Land Area:

832sqm

General Features:

Sunny

Aspect:

South

View:

Mountain, River, Private

Zoning:

QLDC Proposed Distrct Plan: Low Density Suburban Residential Zone QLDC Operative District Plan: Rural Residential Zone

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

31B Onslow Road, Lake Hayes Estate

Other Information The following information is also available for this property – contact us for your copy.

LIM Report (Land Information Memorandum) Record of Title Concept Plan Southern Land Resource Consent Plan Zoning Overview

LOCATION

Lake Hayes Estate As one of the first large residential subdivisions in the area, it’s not hard to see the appeal of Lake Hayes Estate.

The land is mostly flat and comprises good-size sections, while still having beautiful views of Coronet Peak to the North.

With the new precinct between Lake Hayes Estate and Shotover Country, residents can now enjoy being close to childcare, schooling and new eateries, along with the popular walking and bike tracks along the river.

31B Onslow Road, Lake Hayes Estate

Record of Title

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:

Notes:

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