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35 DOUBLE CONE ROAD, JACK’S POINT $1,195,000 E queenstown@colliers.com W colliers.co.nz/193880 T 03 441 0790

Otago Realty (NZ) Ltd, Licensed agent REAA 2008


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FOUR SEASON FINERY Glorious warm-toned Canadian cedar cladding, and landscaping which is beautiful in its simplicity, form an enticing welcome to this smart Jack’s Point home. Exemplary eco-credentials have created a home which prioritises comfort with no compromise on style. Heavily insulated panels and an Evolve SmartVent air circulation system combine with efficient heating to ensure a welcoming interior climate through the most extreme Queenstown conditions. Completed in 2017 and spread across two levels, the 194sqm of space is cleverly laid-out to capture maximum solar gains. Generous living spaces on the ground floor are finished to a high quality and step out to a multi-purpose outdoor living area. Remotecontrol louvres with lighting provide a sheltered ambient entertaining area with outdoor fire and built-in BBQ, inviting residents to dine alfresco. The double garage hides an added bonus, with a mezzanine level offering plenty of options for use. • Three bedroom, two bathroom sophisticated home with double garage • Earth-conscious design for efficient running costs • Light filled interior, fresh and appealing palette • Gas fire and underfloor heating • Close to skifields, schooling and Frankton • Optional furniture package available

3 Bedroom

2.5 Bathroom

1 Living Area

2 Off-Street Park

194m2 Floor area

393m2 Land area

Double Garage


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4

boundary indicative only


EXECUTIVE SUMMARY ADDRESS

35 Double Cone Road, Jack’s Point, Queenstown

RATES

QLDC: $1,658.56 ORC: $167.29

CV

$1,080,000

FLOOR AREA

194m² more or less

LAND AREA

393m² more or less

BUILT

2017

EXTERIOR

Cedar with Colorsteel roof

FLOOR COVERINGS

Carpet, Tiling, Wood floor

WINDOWS

Aluminium joinery, Double glazing

HOT WATER

Gas

HEATING

Gas fire, Underfloor heating, Evolve SmartVent air circulation system

INSULATION

Ceiling, Walls, Underfloor, Ground

GENERAL FEATURES

Architect designed, Indoor/outdoor living, Sheltered, Sunny, Quiet, Private

ASPECT

North, West

OUTDOOR FEATURES

Garden, BBQ area, Pergola, Outdoor fire

LAUNDRY

Separate

VIEWS

Rural, Mountain

PARKING

Double Garage, 2 x Off-street parks

RENTAL APPRAISAL

$850 - 875 p/w / $500 per night short term

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6

35


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PROPOSED NEW UNITS - UNIT LOT 7111 DOUBLE CONE ROAD, JACKS POINT FLOORPLAN LAYOUT

A 02

INDICATIVE FLOOR PLAN

GAVIN MOORE MOORELIVING QUEENSTOWN

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source: QLDC edocs


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Date:

12th July 2019

For:

To Whom It May Concern

Property:

35 Double Cone Road Jack’s Point, Queenstown

Regarding:

Rental appraisal

Great returns - Smart solutions - Sound advice 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 understand the market Property dynamics which underpin our unique community. We don’t take a ‘one-size fitsall’ approach, instead, our personalised service allows us to tailor management options to suit your needs.

Pure Property will take care of every aspect of managing your property and ensuring it’s kept as you like it. Our services include: -

High-exposure marketing to minimise vacant time

-

In-depth tenant selection to protect your investment

-

Full and detailed financial reporting

-

Monthly payment schedule

-

Regular rental reviews and careful arrears control

-

Skilled maintenance contractors on hand 24/7

-

Regular scheduled inspections with photographic reporting

-

Use of market-leading property management systems and technology

-

On-call property managers

-

Pro-active communication


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Thank you for providing Pure Property with the opportunity to appraise the rental potential of your investment. I have discussed the home with our property management team to provide you with our feedback on the weekly rental potential of the property. We are delighted to be able to provide you with these details and look forward to more discussion with you regarding our management and marketing services.

Property description

• • • • • •

Rental returns

Three bedroom, two bathroom home with double garage Cost-effective to run due to upgraded insulation Lovely outlooks and plenty of sunshine Gas fire and underfloor heating In Remarkables Primary School Zone and on the school bus route Only a 25 minute drive to Remarkables Skifield

We believe that a weekly rental of $850 to $875 could be achieved in the current market The estimated rental value provided above is our opinion only and is relevant as at the date of this letter and to market conditions and circumstances prevailing at this time. Pure Property accept no responsibility for any person who relies on this appraisal for financial purposes.

Should you have any queries or require further information in relation to our services, please do not hesitate to contact our office.

Kind regards,

Marissa Le Comte Property Manager P 03 409 0480 M 021 970 088 E marissa@purepropertyrentals.co.nz


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Rental Appraisa l

Rental appraisal - short term 35 Double Cone Road, Jacks Point, Queenstown

Personally prepared for:

To whom it may concern

www.relaxaway.co.nz Top floor , 10 Athol Street | Queenstown | New Zealand T: +64 (0)3 442 7013 | F: +64 (0)3 441 8857 | E: queenstown@relaxaway.co.nz


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Thank you Thank you for the opportunity to appraise your Queenstown property for holiday letting. Relax away holiday homes offer a premium service for owners and guests alike. Over the next two pages you’ll find information on comparable properties currently under Relax away management to give you a clear picture of the potential of your asset. 35 Double Code Road, Jack’s Point is a stunning property in a sought-after location offering many attributes including:

Three bedroom, two bathroom home with double garage Gas fire and underfloor heating

We’re pleased to be able to utilise our extensive market knowledge and suite of comparable properties to provide you with advice on the likely rental returns which may be generated by your property. The rental ranges shown here are reflective of the current market and cover an average of peak and off-peak rates. Renting your property as a holiday home is an attractive option, particularly to owners who seek flexibility of use combined with strong income potential. Taking holidays at times to suit you is a significant drawcard when comparing the advantages of holiday letting to the income security of long-term letting. Bear in mind, however, that we have a sister company offering long-term letting so are able to maximise your income through use of a combined letting strategy - please let me know if this is something which interests you.

Stunning mountain views 25 minuts to Remarkables Skifield Undercover outdoor dining & BBQ Quiet residential area

For owners living outside of the Queenstown area, the superior level of management, comprehensive communication and detailed attention to property maintenance ensure peace of mind wherever in the world you may be. The rental estimate provided overleaf takes into consideration every aspect of the property and its situation, including:

Property specification Size of property Number of people to be accommodated Location Views Position within the market Owner usage (and timing of this)

Occupancy Occupancy rates are the biggest variable in any holiday home, varying between 90 and 300+ nights per annum, with the majority achieving 150-250 nights per annum.

www.relaxaway.co.nz Top floor , 10 Athol Street | Queenstown | New Zealand T: +64 (0)3 442 7013 | F: +64 (0)3 441 8857 | E: queenstown@relaxaway.co.nz


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Rental range Based on our experience with comparable properties, we suggest a nightly rental tariff of between $400 and $750 per night, dependent on time of year.

Below is a table estimating appropriate nightly rental and potential returns for your property. The estimated rental value provided above is our opinion only and is relevant as at the date of this letter and to market conditions and circumstances prevailing at this time. Relax away accept no responsibility for any person who relies on this appraisal for financial purposes.

Estimated nightly rental Occupancy

90 days

120 days

150 days

200 days

Nightly rate*

$500

$500

$500

$500

Gross income

$45,000

$60,000

$75,000

$100,000

40% running costs $18,000

$24,000

$30,000

$40,000

Net income

$36,000

$45,000

$60,000

$27,000

* Nightly rate averaged at $500 per night

www.relaxaway.co.nz Top floor , 10 Athol Street | Queenstown | New Zealand T: +64 (0)3 442 7013 | F: +64 (0)3 441 8857 | E: queenstown@relaxaway.co.nz


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Setting rates Whilst the rates outlined summarise our initial thoughts on the property, please be aware that these may require amendment following a more detailed viewing of the property and understanding of your expectations around income and occupancy. We have found that some owners wish to utilise the property for themselves, friends and family throughout the year, so it’s worth noting that the timing and volume of this can significantly impact the income potential of the home. To calculate accurate yields we will also require information on rates, insurance and body corporate fees.

Where to from here Thank you again for the opportunity to introduce the services which Relax away have to offer and to appraise the holiday letting potential of your beautiful property. I’ll leave you with what makes the difference when letting with Relax away:

Operating since 2011, we’re a proven, longstanding company with a wealth of very happy customers Our team of industry professionals offer 24/7 service to guests and owners alike A focus on maximising owner income delivers outstanding results Your property is marketed across all important channels and portals Live online bookings provide peace of mind Professional marketers capture a concise and compelling vision of your property to entice guests Full comprehensive financial reporting and organisation of maintenance are all part of the service

For any additional information, please get in touch on the details below. I look forward to speaking with you further.

Jenny Parkes Manager 027 554 4023 jenny@relaxaway.co.nz

www.relaxaway.co.nz All care has been taken in preparing this appraisal, however Relax away holiday homes, its directors or employees accept no responsibility for the accuracy of the information at any time including liability in negligence to any other person. Whilst we believe this information is accurate, no liability can be accepted by Relax away holiday homes, its directors or employees for copy error or omission.


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COMPUTER FREEHOLD REGISTER UNDER LAND TRANSFER ACT 1952

Search Copy

671111 Identifier Land Registration District Otago 05 March 2015 Date Issued Prior References 470721

470722

Fee Simple Estate 393 square metres more or less Area Legal Description Lot 7111 Deposited Plan 480373 Proprietors Brent Earle O'Donohue Interests Land Covenant in Transfer 6128838.2 - 27.8.2004 at 9:00 am Land Covenant in Easement Instrument 6863718.3 - 12.5.2006 at 11:15 am 6863718.6 Consent Notice pursuant to Section 221 Resource Management Act 1991 - 12.5.2006 at 11:15 am 6990995.13 Variation of Consent Notice 6863718.6 pursuant to Section 221(5) Resource Management Act 1991 16.8.2006 at 9:00 am 6990995.14 Variation of Consent Notice 6863718.6 pursuant to Section 221(5) Resource Management Act 1991 16.8.2006 at 9:00 am Land Covenant in Easement Instrument 7017246.2 - 5.9.2006 at 9:00 am 8154619.2 Consent Notice pursuant to Section 221 Resource Management Act 1991 - 7.7.2009 at 9:30 am 8154619.12 Encumbrance to Queenstown Lakes District Council - 7.7.2009 at 9:30 am Land Covenant in Easement Instrument 8154619.13 - 7.7.2009 at 9:30 am 9964022.10 Consent Notice pursuant to Section 221 Resource Management Act 1991 - 5.3.2015 at 9:02 am 9964022.12 Encumbrance to Jacks Point Management Limited - 5.3.2015 at 9:02 am 10700210.3 Mortgage to Bank of New Zealand - 1.3.2017 at 5:18 pm

Transaction Id Client Reference

53714380 csvendsen001

Search Copy Dated 1/05/18 2:11 pm, Page 1 of 1 Register Only


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QUEENSTOWN RESIDENTIAL SALES TEAM

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FRED BRAMWELL 021 435 694 fred.bramwell@colliers.com

STEPHEN HEBBEND 021 453 881 stephen.hebbend@colliers.com

BRENDAN QUILL 021 416 785 brendan.quill@colliers.com

JAMES O’HAGAN 021 909 323 james.ohagan@colliers.com

RICHIE HEAP 021 500 815 richie.heap@colliers.com

GRAEME JACKSON 021 667 067 graeme.jackson@colliers.com

SOPHIE JAMES 027 463 5361 sophie.james@colliers.com

MARIA WYNDHAM 021 997 522 maria.wyndham@colliers.com

EMMA LUPS 027 428 5100 emma.lups@colliers.com

NICOLE BELL 021 898 326 nicole.bell@colliers.com

JANNETTE HIGHSTED 021 608 613 jannette.highsted@colliers.com

ROWAN MCDONALD 021 222 6314 rowan.mcdonald@colliers.com

JESSE JOHNSTON 027 733 7755 jesse.johnston@colliers.com

SCOTT COLLINS 027 478 4661 scott.collins@colliers.com

HUGH CLARK 027 223 2997 hugh.clark@colliers.com

STEVE LINDSAY 021 454 417 steve.lindsay@colliers.com

KATH CRUICKSHANK 027 436 8531 kath.cruickshank@colliers.com


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COLLIERS INTERNATIONAL OTAGO Colliers International 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 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 International 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 International, 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 International has used its best endeavours to ensure the information provided is true and accurate but Colliers International does not accept any responsibility or liability in respect of any errors, inaccuracies or misstatements which may be contained in them. COPYRIGHT Colliers International. 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 International.


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ATTENTION

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PROVING YOUR IDENTITY

From 1 July 2018, lawyers and conveyancers are required to verify the identity1 of their clients in accordance with anti-money laundering legislation. If your lawyer cannot verify your identity in line with the legislation, they will not be able to act for you. If your lawyer cannot act for you, you may not be able to satisfy the conditions of your property purchase and will not be able to settle your property purchase or sale. As identity verification can take days and sometimes weeks if a trust or company is involved, we strongly recommend that you contact your lawyer as soon as possible to have your identity verification completed. The below gives an indication of some the documents your lawyer may ask you to present in person or as a certified document as part of this process:

Individuals: Passport, NZ Firearms Licence or NZ Driver 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 lawyer 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. 1 Lawyers are required to complete a “Customer Due Diligence” process in accordance with the Anti-Money Laundering and Countering Financing of Terrorism Act 2009


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KNOWLEDGE IS POWER Get in touch today for a copy of our 2018-19 Queenstown Market Report

SHOWROOM 20 Shotover Street, Queenstown

HEAD OFFICE Top Floor, 10 Athol Street, Queenstown

OPENING HOURS Monday – Friday: 9am – 5pm Saturday: 10am – 5pm Sunday: Agent on call

OPENING HOURS Monday – Friday: 9am – 5pm

Otago Realty (NZ) Ltd, Licensed agent REAA 2008

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