806 Jade Lake Duplex

Unparallaled opulence and breathtaking views

Discover unparalleled luxury and comfort at The Duplex at Jade Lake, a magnificent property located in picturesque Queenstown. Perfectly positioned on a hillside overlooking the serene Lake Whakatipu, this stunning home offers breathtaking panoramic views of the exquisite surroundings.

Featuring five spacious bedrooms, five beautifully tiled bathrooms and an internally accessed double garage, this is perfect for individuals looking for a holiday home, rental investment or lock-and-leave property. Multiple living spaces and ample storage options ensure year-round comfort and functionality.

The interior of this opulent development has been thoughtfully designed, with skylit roofing to allow in an abundance of natural light and floor-to-ceiling windows to take in the majestic views. The engineered timber flooring is beautiful and durable, while the engineered stone bench tops provide a sleek and modern look. The tiled bathrooms exude a spa-like ambiance, ideal for relaxing and unwinding after a long day of exploring the beautiful Queenstown region.

Step outside onto the kwila decking and be amazed by the breathtaking views of Lake Whakatipu and the surrounding mountains.

Nestled into the hills of Fernhill, just outside of central Queenstown, the location is ideal for all CBD amenities, and provides easy access to mountain bike trails, native bush walks, and outdoor areas for families to gather and kids to play.

The Duplex at Jade Lake is the perfect home for purchasers looking for a luxurious retreat in one of New Zealand’s most picturesque locations. With over 80% of this development already sold, contact us today to ensure you don’t miss out on this unique opportunity.

• 360m² of floor area, with an elegant and contemporary design

• Kwila timber decking with expansive views

• Freehold property, providing you with complete ownership and control

Some images have been virtually staged, boundary lines are indicative only.

Executive Summary

Address The Duplex, Jade Lake, 108 Wynyard Crescent, Fernhill, Queenstown

Floor Area 360m² more or less

Land Area 203m² more or less

Built Estimated completion 2023

Exterior Schist, Colorsteel, Fibre Cement

Floor Coverings Carpet, tiling, engineered timber

Windows Aluminium joinery, double glazing

Hot Water Electric

Heating Heatpumps

General Features Architect designed, indoor/outdoor living

Aspect South

Outdoor Features Kwila decking

Laundry Separate

Views Mountain, lake

Parking Double garage

Rental Appraisal Between $1,800 and $1,900 per week

Other Information

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

• Photos

• Rental Appraisal

• Floor Plans

• Sub-Division Plan

• Specification list

Fernhill/Sunshine Bay

Fernhill is known for its close proximity to Queenstown and epic views. Properties range from a 15 minute to 40 minute walk to town, or just a short five minute drive. Fernhill is one of the most affordable suburbs in Queenstown to live in and boasts incredible elevated views of Lake Whakatipu and the surrounding mountains. There are numerous walking tracks in the Fernhill area, and it has a handy local shop and a couple of eateries adding to the appeal.

Highly sought-after by tenants, young families, workers and professionals, it’s also traditionally a popular spot for investors. Sunshine Bay is positioned on the far side of Fernhill and boasts similar housing and popularity, plus a beautiful small beach an easy stroll away.

Date: 21st August 2023

For: To Whom It May Concern

Property: The Duplex 808 Jade Lake, 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 Property understand the market 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

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.

 Five bedroom, five bathroom executive home

 Convenient position for access to town on foot, by bus or car

Property description

 Stunning vista views

 Double garage

We believe that a weekly rental of the property is estimated to be between $1,800 and $1,900 per week.

Rental returns

This appraisal is based on the current market conditions, comparable Pure Property rental properties and advertised properties, for example on Trademe.co.nz.

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.

Pure Property will require a meeting with the new owner/s to discuss rental potential, and set-up under our management.

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,

Rohan Bhatnagar

Property Manager

P 03 409 0480

M 021 970 088

RENTAL RANGE

Below are estimates of appropriate nightly rental and potential returns for your property.

The estimated rental value provided is our opinion only and is relevant as at the date of this document and to market conditions and circumstances prevailing at this time.

Relaxaway accept no responsibility for any person who relies on this appraisal for financial purposes.

ESTIMATED NIGHTLY RENTAL

$695 - $795

$895 - $1200

$1500 - $1750

$950

These estimated nightly rental rates are based on current market conditions and are subject to change.

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.