2 Morning Star Terrace - ebook

Versatility, comfort and so much space

This Arthur’s Point home is designed for practicality, comfort, and easy living. Situated on a spacious 1,054sqm section bordering directly onto reserve land, it boasts a versatile floor plan that can suit anyone’s needs.

The main home features five bedrooms and 2.5 bathrooms, plus a separate office or media room. With an additional bedroom and bathroom in the studio unit, this home allows the option for extra income or perfect solution for guests.

Entertaining is effortless in the open plan kitchen/living/dining area, adorned with a striking Oamaru stone feature wall and seamless indooroutdoor flow. Floor-to-ceiling ranch sliders flood the space with natural light, enhancing the inviting ambiance.

For year-round comfort, a powerful log-burner, diesel underfloor heating, a heat pump, and radiators ensure cozy living regardless of the season.

Outside, the fully fenced 1,054sqm section borders directly onto reserve land, offering a secure area for children and pets to run around and play and making this property a source of enjoyment for all.

This property is the gift that keeps on giving, so don’t miss out on this opportunity. Get in touch today to learn more.

• Five bedroom, 2.5 bathroom main home plus a one bedroom, one bathroom studio unit

• Internally accessible double garage

• Large, fully fenced outdoor area

• Situated in Arthur’s Point, just a ten-minute drive from central Queenstown

Executive Summary

Address

Rates

CV

Floor Area

2 Morning Star Terrace, Arthur’s Point, Queenstown

QLDC: $ 5,352.10 per annum | ORC: $ 537.11 per annum

$1,650,000

298 sqm more or less

Land Area 1,054 sqm more or less

Built 2008

Exterior

Floor Coverings

Windows

Oamaru stone, Weatherboard

Concrete, Carpet, Cork

Double glazing, Aluminium joinery

Hot Water Electric, Diesel boiler

Heating

Insulation

General Features

Underfloor, woodburner, heat pump, radiators

Ceiling, Underfloor, Walls

Indoor/outdoor living, Sheltered, Sunny, Spacious, Private

Aspect North, west

Outdoor Features

Laundry

BBQ area, Deck/patio, Native planting, Fruit trees, Landscaped, Lawn

Separate

Views Mountain, Park/reserve

Parking

Rental Appraisal

Double garage

$1,500-1,700 p/w

Other Information

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

• LIM report

• REA guides

• Photography

• Record of title

• Floor plans

• Rental appraisal

Arthur’s Point

Nestled alongside the Shotover River and named after Thomas Arthur who first discovered gold on the banks of the river in 1862, Arthur’s Point is positioned in a beautiful valley only a five minute drive from the busy Queenstown CBD.

Escape the hustle and bustle of downtown and enjoy the quiet suburb while still being close to all manner of local amenities, along with Coronet Peak Ski Field, Nugget Point Spa and a number of local eateries.

Arthur’s Point is a popular location to live and is well positioned within the trails network. Sunshine hours are substantial compared with other suburbs, making property in this area consistently in high demand. Housing stock consists of the older, original Arthur’s Point properties and newer subdivisions with comfortable, contemporary homes on offer.

Date: 16th May 2024

For: To whom it may concern

Property: 2 Morning Star Terrace, Arthurs Point

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.

Property description

Rental returns

✓ Five bedroom, two bathroom property

✓ Stunning views of the surrounding mountains

✓ Much sought-after area

✓ Separate one bedroom bedsit

We believe that a weekly rental of the current condition of this property is estimated to be between $1,500 and $1,700 per week.

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,

Mark Blake

Business manager

P 03 409 0480

M 027 269 2561

E mark@purepropertyrentals.co.nz

RECORD OF TITLE

UNDER LAND TRANSFER ACT 2017 FREEHOLD

Guaranteed Search Copy issued under Section 60 of the Land Transfer Act 2017

Identifier 159748

Land Registration District Otago

Date Issued 20 January 2005

Prior References

OT17A/1144

Estate Fee Simple Area 1054 square metres more or less

Legal Description Lot 44 Deposited Plan 338763

Registered Owners

Andrew William Edgar and Elizabeth Jean Edgar

Interests

Subject to Part IV A Conservation Act 1987

Subject to Section 11 Crown Minerals Act 1991

6283660.2 Consent Notice pursuant to Section 221 Resource Management Act 1991 - 20.1.2005 at 9:00 am

Land Covenant in Easement Instrument 6283660.9 - 20.1.2005 at 9:00 am Fencing Covenant in Transfer 6818726.1 - 7.4.2006 at 9:00 am 8826520.3 Mortgage to Kiwibank Limited - 12.8.2011 at 5:03 pm

Client Reference acuebillas001

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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.

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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.