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INFORMATION MEMORANDUM

Hallenstein Street, Queenstown Deadline Sale

Accelerating success.

WELCOME

Welcome to the Deadline Sale information for Hallenstien 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.

METHOD OF SALE

Offering at Deadline Sale Buying by Deadline Sale is a relatively simple process, with advantages for the buyer as well as for the vendor. However, it’s not simply a matter of turning up on the day and writing down what you’d like to pay. It’s worth doing homework to know your rights and obligations, to ensure you feel comfortable with the process. To help you better understand how Deadline Sales work, we’ve put together a list of key things you’ll need to do before submitting an offer.

Arrange finance This is very important. You need to be comfortable with the level at which you’re offering. It’s fine to put a finance clause into the contract, but bear in mind that a vendor may favour the most straightforward offer on the day.

Read the contract The ‘Sale and Purchase Agreement’ is the contract signed by the potential purchaser at the time of submitting a Deadline Sale offer. If your offer is accepted, it will then be signed by the vendor and become a binding contract. It contains a legal description of the property, a list of chattels, terms of settlement and the possession date. It can be helpful to have a lawyer check through this for you.

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 real estate Sales Consultant can refer you to similar homes which have sold recently that are a good comparison. Otherwise you could arrange for an independent valuation.

HOW TO MAKE AN OFFER

Talk to your real estate Sales Consultant about exactly what will happen on and before the Deadline Sale closing day. Talk to your Sales Consultant when formulating your offer. They can assist you in looking at comparable sales and provide information enabling you to make an offer you’re comfortable is the current market value.

Consider your options carefully Where possible it’s best to minimise the conditions on a Deadline Sale offer, however it’s also advisable to not spend a large amount in advance when there is a chance your offer may not be selected. Balance is the key. You’ll need to fill in the following information on the Sale and Purchase agreement to make your offer: Purchase price Deposit amount Settlement date Any conditions (inspections, LIM report, valuation, finance etc) Solicitor details

DEADLINE SALE

Frequently Asked Questions Is a reserve price set?

Can I negotiate?

No, the vendor cannot set a reserve price for the deadline sale, but the vendor will have in mind a price. Other than the vendor, the real estate listing agent is the only person who may know this price which is generally established by feedback from potential purchasers. Buyers are invited to submit an offer at a level at which they would be comfortable to purchase the property.

The deadline sale process is a ‘best foot forward’ strategy - purchasers are expected to submit their best offer on the day. The vendor can then consider all offers at the same time and choose their course of action. The vendor can choose to accept any offer (not necessarily the highest one), reject all the offers, or enter into negotiations with one or more of the potential purchasers.

Can I buy before the deadline sale closes? Yes - the vendor has the option of considering conditional or unconditional offers at any stage of the campaign.

How do I make an offer? Your Sales Consultant will provide you with a Sale and Purchase Agreement for the property. This needs to be completed by the purchaser with your details, purchase price, deposit amount, settlement date and any conditions. The offer is then placed in a sealed envelope to be opened by the vendor at any time up to and including the closing date of the deadline sale.

Can I make a conditional offer? Your Sales Consultant will provide you with a Sale and Purchase Agreement for the property. This needs to be completed by the purchaser with your details, purchase price, deposit amount, settlement date and any conditions. The offer is then placed in a sealed envelope to be opened by the vendor at any time up to and including the closing date of the deadline sale.

How do I know who wins the deadline sale? You should be contacted within a few hours of the deadline sale closing time to advise whether you have been succesful or not. If you are successful you now have a contract with the vendor and can start working through conditions (if any). If the vendor does not receive the price they want, they may choose to start negotiations. The submitters of the top offers can be asked to re-submit a new offer, or negotiations can continue with one. This can mean that deadline sale negotiations can continue well past the closing date.

What is the difference between deadline sale and tender? Deadline sales vary from tenders as follows – when a property is marketed by tender it cannot be sold before tender date, offers must be on a tender form and accompanied by a 10% deposit, and must remain valid for five working days from the close of tenders. With deadline sales none of these things apply – offers can be made (and accepted) at any time, they are made on a normal sale and purchase agreement form, and can be withdrawn at any time prior to acceptance by the vendor. There is no requirement to attach a deposit cheque to the offer.

HALLENSTEIN STREET, QUEENSTOWN

Triple site on Queenstown Hill This substantial landholding has been held in our owner's family for many years, and they are now ready to test the market. Comprising five properties across three titles, this is a unique and rare offering in today's market.

The four remaining properties are currently managed as long term rentals, generating approximately $3,470 per week in rental income over various tenancies. Each has a Healthy Homes compliance certificate, with ongoing upgrades and maintenance completed over the years. This provides purchasers with the option of continuing to receive income while considering their longer term plans for the property.

All three titles are located a short distance from the Queenstown CBD and are zoned High Density Residential under the current council planning maps. Recent changes to the zoning provisions may provide greater development potential across the amalgamated titles, offering purchasers an opportunity to explore future development options.

For sale by Deadline Sale closing 2pm Monday 9th of November 2026. Offers to be presented to Colliers, Level 1, Building 8, 36 Grant Road, Frankton, Queenstown. Prior offers will be considered. Location

The standout residence has served as our owners holiday home for many years. This spacious, well presented villa features beautiful timber interiors, elevated views and generous living areas. The main dwelling offers four bedrooms, three bathrooms and off street parking.

The rental accommodation properties comprises of two four-bedroom homes, each with off street parking, and two two-bedroom units with garaging. There is plenty to explore within this substantial offering. Contact us today to request a comprehensive information pack covering all five properties.

The deadline sales will be for the consideration and acquisition of all three titles and properties on these. The vendor is selling these properties inclusive of GST.

HALLENSTEIN STREET, QUEENSTOWN

Total Executive Summary Total Rates:

QLDC: $31,249.82 per annum ORC: $3,588.22 per annum

Total CV:

$8,430,000

Land Area:

2,435m² more or less

Rental Income:

$3,470 per week $180,440 annually

Zoning:

Operative District Plan: High Density Residential Proposed District Plan: High Density Residential

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

61 HALLENSTEIN STREET, QUEENSTOWN

Executive Summary 4

Address:

61 Hallenstein Street, Queesntown

Rates:

QLDC: $8,213.43 per annum ORC: $916.99 per annum

CV:

$2,180,000

Floor Area:

192m² more or less

Land Area:

655m² more or less

Built:

1987

Exterior:

Monolithic plaster

Floor Coverings:

Hardwood, tiling, carpet, stone

Windows:

Timber joinery

Hot Water:

Electric

Heating:

Gas fires, heatpumps

Laundry:

Separate

View:

Mountain, lake

Parking:

1x Carport

Zoning:

Operative District Plan: High Density Residential Proposed District Plan: High Density Residential

63 HALLENSTIEN STREET, QUEENSTOWN

Executive Summary 4

Address:

63 Hallenstein Street, Queesntown

Rates:

QLDC: $5,680.29 per annum ORC Rates $674.82 per annum

Floor Area:

270m² more or less

Land Area:

885m² more or less (full site)

Built:

1991

Exterior:

Monolithic plaster

Floor Coverings:

Carpet, vinyl

Windows:

Timber joinery

Hot Water:

Electric

Heating:

Heatpumps

Aspect:

South, west

Laundry:

Separate

Parking:

3 x off-street parking

Tenancy

Currently tenanted at $1,250 per week Periodic Tenancy

Zoning:

Operative District Plan: High Density Residential Proposed District Plan: High Density Residential

63A HALLENSTIEN STREET, QUEENSTOWN

Executive Summary 2

Address:

63A Hallenstien Street, Queesntown

Rates:

QLDC: $9,094.17 per annum (this is joint with 63B as one dwelling) ORC: $674.82 per annum (this is joint with 63B as one dwelling)

CV:

$1,510,000 (joint with 63B)

Floor Area:

95m² more or less

Built:

1987

Exterior:

Monolithic plaster

Floor Coverings:

Tiling, carpet, vinyl

Windows:

Aluminium joinery

Hot Water:

Electric

Heating:

Heatpump

Aspect:

South, west

Laundry:

Part of room

View:

Mountain, lake

Parking:

2x garage, 1x off-street parking

Tenancy

Currently tenanted at $540 per week Periodic Tenancy

Zoning:

Operative District Plan: High Density Residential Proposed District Plan: High Density Residential

63B HALLENSTEIN STREET, QUEENSTOWN

Executive Summary 2

Address:

63B Hallenstien Street, Queesntown

Rates:

QLDC: $9,094.17 per annum (this is joint with 63A as one dwelling) ORC: $674.82 per annum (this is joint with 63A as one dwelling)

CV:

$1,510,000 (joint with 63A)

Floor Area:

97m² more or less

Built:

1987

Exterior:

Corrugated iron, monolithic plaster

Floor Coverings:

Tiling, carpet, vinyl

Windows:

Aluminium joinery

Hot Water:

Electric

Heating:

Heatpump

General Features:

Sunny

Aspect:

South, west

Laundry:

Part of room

View:

Mountain, lake

Parking:

2x garage, 1x off-street parking

Tenancy

Currently tenanted at $580 per week Fixed Tenancy until 26/01/2027

Zoning:

Operative District Plan: High Density Residential Proposed District Plan: High Density Residential

9 MALAGHAN STREET, QUEENSTOWN

Executive Summary 4

Address:

9 Malaghan Street, Queesntown

Rates:

QLDC: $8,261.93 per annum ORC: $1,321.59 per annum

CV:

$3,230,000

Floor Area:

170m² more or less

Land Area:

885m² more or less

Built:

1950

Exterior:

Riverstone, weatherside

Floor Coverings:

Tiling, carpet, vinyl

Windows:

Aluminium joinery

Hot Water:

Gas heating

Heating:

Heatpumps

General Features:

Sunny

Aspect:

North, west

Laundry:

Seprate

Parking:

1x garage, 2x off-street parking

Tenancy

Currently tenanted at $1,100 per week Fixed Tenancy - 31/08/2027

Zoning:

Operative District Plan: High Density Residential Proposed District Plan: High Density Residential

HALLENSTEIN STREET, QUEENSTOWN

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

LIM Report (Land Information Memorandum) Record of Title House plans

HALLENSTEIN STREET, QUEENSTOWN

Topo Map

LOCATION

Queentown Hill Queenstown Hill offers exceptional views that reach out across Lake Whakatipu, Cecil and Walter Peaks and Ben Lomond. Homes are consistently in demand for both purchase and rent, with tenants ranging from high-end holidaymakers and local professionals to skiseason workers.

The lower levels of Queenstown Hill contain an abundance of housing, turning into pine-covered hillsides as more altitude is gained. A popular local walk is the Queenstown Hill track, leading walkers up to the Basket of Dreams sculpture with its awe-inspiring views.

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:

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