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NUGGET POINT, 146 ARTHUR’S POINT ROAD $429,000 + GST (IF ANY) E queenstown@colliers.com W colliers.co.nz/208949 T 03 441 0790

Otago Realty (NZ) Ltd, Licensed agent REAA 2008


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STRIKE GOLD AT NUGGET POINT! A unique opportunity has arisen to purchase a luxurious studio apartment at Nugget Point boutique hotel. For sale for the first time, under new hotel management and currently returning 5.65% net with great future potential - this is an investment option not to be missed! Baroque-styling is evident in the living/ sleeping area, with opulent furnishings melding with contemporary features. A sliding glass door leads out to a balcony - sit out and have a glass of wine while watching the sun go down. On top of all that, enjoy all facilities Nugget Point has to offer, including the Roman baths style spa with sauna, steam room, hot tub and heated pool - plus gym, squash court, lounge bar with spectacular river views, and popular Burmese restaurant, The Bodhi Tree. • Fully furnished 44sqm studio apartment in luxury Nugget Point hotel • Use of hotel facilities including heated pool, gym and restaurant • Ornate features with spectacular views overlooking the Shotover River • Under new hotel management, currently returning 5.65% net with great future potential

1 Bedroom

1 Off-Street Park

1 Bathroom

44m2 Floor area

1 Living Area


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EXECUTIVE SUMMARY ADDRESS

Nugget Point, 146 Arthurs Point Road, Arthur’s Point, Queenstown

RATES

QLDC: Currently Unavailable ORC: Currently Unavailable

CV

$360,000

BODY CORPORATE $2499.52 per annum MANAGEMENT SUMMARY

28 days owner usage, no option to remove from management

RETURN ON INVESTMENT

5.65% net return, Projected forecasts by management showing increase to 7.6% net return by year 5

FLOOR AREA

Total 44m² more or less

CONSTRUCTION

Plaster over concrete block

FLOOR COVERINGS

Carpet

WINDOWS

Aluminium joinery, Double glazing

HEATING

Wall heaters, undertile heating in bathroom

GENERAL FEATURES

Architect designed, Quiet

FURNITURE

All inclusive

ASPECT

South East

VIEWS

Rural, Mountain, River

PARKING

1 x Off-street park

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

Full Pre Contract Disclosure Statement Full title Last 12 months financial performance Body Corporate rules


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Further information about the matters set out above can be obtained from: Unit title property ownership

Ministry of Business, Innovation and Employment www.tenancy.govt.nz 0800 UNIT TITLES (0800 864 884)

Unit plan

Land Information New Zealand

Ownership and utility interests

www.linz.govt.nz

Computer register

0800 ONLINE (0800 665 463)

Easements and covenants Body corporate operational rules Pre-settlement disclosure statement

The body corporate of the unit title development

Additional disclosure statement Land Information Memorandum

Your local council

For detailed information on any of the above matters relating to your specific circumstances, the Ministry of Business, Innovation and Employment recommends you obtain independent legal advice from your lawyer. Information about the unit 4 The amount of the contribution levied by the body corporate under section 121 of the Unit Titles Act 2010 in respect of the unit is $1,249.76 (net of 20% promptpayment discount). Page 4 of 5


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The period covered by the contribution in paragraph 4 is 1 October 2017 to 31 March 2018.

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The body corporate proposes to levy $2,499.52 under section 121 of the Act in the next 12 months.

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The body corporate proposes to carry out the following maintenance on the unit title development in the next 12 months: 1. General landscape repair & maintenance.

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The body corporate has the following accounts: See the attached Financial Statements.

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Under section 148 of the Unit Titles Act 2010, a buyer may request an additional disclosure statement or may request some, but not all, of the information required to be in an additional statement (specific prescribed information) before the settlement of an agreement for sale and purchase of a unit. The buyer must pay to the seller all reasonable costs incurred by the seller in providing the additional disclosure statement. The estimated cost of providing an additional disclosure statement is $250.00.

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Select the statement that applies: The unit or the common property is, or has been, the subject of a claim under the Weathertight Homes Resolution Services Act 2006 or other civil proceedings relating to water penetration of the buildings in the unit title development. or The unit or the common property is not currently, and has never been, the subject of a claim under the Weathertight Homes Resolution Services Act 2006 or any other civil proceedings relating to water penetration of the buildings in the unit title development.

Date:

21 April 2018

Signed for the vendor and certified correct by THC Group Limited on behalf of Body Corporate No. 20167.

Signed:

Michael Sharp

This form has been created by the Ministry of Business, Innovation and Employment as an example of Form 18 of the Unit Titles Regulations 2011 (Pre-contract disclosure statement). The information contained in paragraphs 2 and 3 of the form is intended as an example of how these sections may be completed, and the specific wording used is not a requirement of the Unit Titles Regulations 2011. Page 5 of 5


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COMPUTER UNIT TITLE REGISTER UNDER LAND TRANSFER ACT 1952

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Search Copy

773901 Identifier Land Registration District Otago 06 June 2017 Date Issued Prior References 680455

Supplementary Record Sheet OT11B/188

Stratum in Freehold Estate Legal Description Principal Unit 310 and Accessory Unit 310A Deposited Plan 20167 Proprietors Waterfall Queenstown Limited The above estates are subject to the reservations, restrictions, encumbrances, liens and interests noted below and on the relevant unit plan and supplementary record sheet 10794499.27 Lease Term 5 years from 15 September 2016 (Right of Renewal) CIR 788224 issued - 6.6.2017 at 2:08 pm 10794499.29 Mortgage to Bank of New Zealand - 6.6.2017 at 2:08 pm

Transaction Id Client Reference

54015225 csvendsen001

Search Copy Dated 30/05/18 3:41 pm, Page 1 of 3 Register Only


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310 Nugget Point Buy Price $ Payments to owners (Exclusive of GST) Aug-17 $ Sep-17 $ Oct-17 $ Nov-17 $ Dec-17 $ Jan-18 $ Feb-18 $ Mar-18 $ Apr-18 $ May-18 $ Jun-18 $ Jul-18 $

429,000.00 Plus GST if any

1,540.00 1,637.00 1,958.00 2,261.00 2,275.00 2,911.00 2,836.00 2,181.00 2,161.00 2,300.00 2,488.00 2,956.00

Gross Income

$

27,504.00

Rates Body Corp Net Rates/BC

$ $ $

755.55 2,499.52 3,255.07

Nett Return ROI

24,248.93 5.65 %

The financial information herein has been provided by the vendor and should be used as a guide only. Colliers accepts no responsibility for any inaccuracy and recommends that potential purchasers should make their own independent calculations.


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QUEENSTOWN RESIDENTIAL SALES TEAM 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 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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