982 Frankton Road, ebook

With knockout lake and mountain outlooks, this charming house is the perfect family home, rental investment or land bank with future development potential.

Soak up the magnificent lake and mountain views from the open-plan kitchen/dining/living with a large conservatory off to the side, perfect for capturing the sun as well as the panoramas. The accommodation is split over the two levels, and encompasses four bedrooms, two bathrooms with two powerful heatpumps for year round comfort.

The property is proudly positioned on a 2014sqm (subject to title) section with ample space for future subdivision. With an active 180 day Visitor Accommodation consent in place, the residence provides strong returns for the current owners.

Seldom do properties like this become available, early viewing is recommended.

• Four bedroom, two bathroom home with off street parking

• 180 day VA consent with stunning lake and mountain views

• Two powerful heatpumps

• Fully furnished ready to go turnkey

• Convenient location for Frankton and Queenstown

Executive Summary

Address 982 Frankton Road, Queenstown

Floor Area 150sqm more or less

Land Area 2014sqm more or less

Insulation

General

Aspect

Outdoor Features

Laundry

Views

Parking

Rental

Other Information

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

• Title

• Plans

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.

Property Description

Fo ur-bedroom, two-b athroom home

2014sqm section, with panoramic lake and mountain views

Ample space for future su b division, and active 180 day VA consent in place, prov iding strong returns for current owners

Convenient location for Frankton and Queenstown

Rental Returns

We believe that a weekly rental return of the current condition of the home is estimated to be between $1000 and $1100 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@pure prop ertyrentals.co.nz

RECORD OF TITLE UNDER LAND TRANSFER ACT 2017 FREEHOLD

Search Copy

Identifier 1168710

Land Registration District Otago

Date Issued 15 March 2024

Prior References 951642

OT10A/1383 OT10A/1384

Estate Fee Simple

Area 2014 square metres more or less

Legal Description Lot 2 Deposited Plan 600540

Registered Owners

Winter Miles Airstream Limited

Interests

481507 Gazette Notice declaring State Highway No. 6 (Frankton - Queenstown) fronting the within land to be a limited access road - 18.7.1977 at 10.24 am (Page 13)

Subject to a right of way and a right to drain sewage and stormwater over part marked B on DP 600540 specified in Easement Certificate 628697 - 23.1.1985 at 10:57 am

Appurtenant to parts formerly Lot 2 DP 24469 and Lot 3 DP 18857 is a right of way and a right to drain sewage and stormwater specified in Easement Certificate 628697 - 23.1.1985 at 10:57 am

The easements specified in Easement Certificate 628697 are subject to Section 309 (1) (a) Local Government Act 1974

Appurtenant to part formerly Lot 2 DP 24469 is a right to convey water and drain sewage specified in Easement Certificate 883189.4 - 30.5.1995 at 9:19 am

The easements specified in Easement Certificate 883189.4 are subject to Section 243 (a) Resource Management Act 1991

Land Covenant in Deed 889499.3 - 22.8.1995 at 9:09 am (affects part formerly Lot 2 DP 24469)

5001535.1 Certificate under Section 28(1) Earthquake Commission Act 1993 - 8.5.2000 at 11:19 am (affects part formerly Lot 3 DP 18857)

Land Covenant in Deed 5080337.1 - 7.9.2001 at 9:09 am (affects parts formerly Lot 2 DP 550832 & Lot 2 DP 24469)

5768486.1 Encumbrance to Queenstown Lakes District Council - 17.10.2003 at 9:00 am (affects part formerly Lot 3 DP 18857)

Subject to a right of way, a right to drain sewage and water and a right to convey electricity, telecommunications and water over part marked A on DP 600540 created by Easement Instrument 12930005.5 - 15.3.2024 at 3:49 pm

The easements created by Easement Instrument 12930005.5 are subject to Section 243 (a) Resource Management Act 1991 12930005.6 Mortgage to 0to60 Nominee Limited - 15.3.2024 at 3:49 pm

At your service...

Fred Bramwell Sales Consultant 021 435 694

James O’Hagan Sales Consultant 021 909 323

Jesse Johnston Sales Consultant 027 733 7755

Candice Buchanan Sales Consultant 027 630 1283

Eoin Miles Sales Consultant 027 777 2006

Stephen Hebbend Sales Consultant 021 453 881

Hugh Clark Sales Consultant 027 223 2997

Nicole Bell Sales Consultant 021 898 326

Doug Reid Sales Consultant 027 4313 278

Damien Henaghan Sales Consultant 021 728 003

Brendan Quill Sales Consultant 021 416 785

Emma Lups Sales Consultant 027 428 5100

Vera Stewart Sales Consultant 021 0596 266

Mei Chen Sales Consultant 022 075 9847

Richie Heap Sales Consultant 021 500 815

Maria Wyndham Sales Consultant 021 997 522

Zach Hylton Sales Consultant 027 369 6805

Poppy Jefferies Sales Consultant 022 0439 935

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.