Sherwood ebook

Entry level investment options

These cosy and funky units with peaceful surroundings are hidden gems, conveniently located half way between Queenstown and Frankton. With a focus on sustainability and natural comfort, this property is the epitome of peaceful living. The Sherwood Hotel, which is ranked in the world’s top ten most sustainable hotels by Expedia travelers, served as inspiration for the design. Sherwood have used sustainable and recycled materials wherever possible to create a serene yet homely space that’s perfect for a good night’s sleep.

These units are part of a managed pool, making for ideal hands off holiday homes for visitors to Queenstown. With 14 days owner usage per annum, whether you’re looking for a weekend getaway or an entry level investment property, this could easily tick both boxes.

Get in touch to learn more about the four individual units we have available. There are options for a 25m² studio unit or 37m² one bedroom unit.

Overseas buyers may be eligible to purchase these units. Please contact us for further information.

Units will be sold plus GST (if any)

* Images are from similar units and are indicative only

boundary indicative of complex

Executive Summary (all units)

Address Sherwood Queenstown, 554 Frankton Road

Management summary In management with on-site Sherwood Hotel

Built 1994

Exterior Concrete, plaster

Roof Corrugated iron

Floor Coverings Polished concrete, vinyl

Windows Aluminium, single glazed

Heating Electric

Furniture Inclusive of furniture

Aspect South

Views Mountain, partial lake

Studio Units

One Bedroom Units

Other Information

The following information is also available for each unit - contact us for your copy.

• Full Pre Contract Disclosure Statement

• Capital expemditure information pack

• Full records of title

• Last 6 years financial performance

• Body Corporate rules

• AGM minutes

• Management contract

Goldfield Heights

Goldfield Heights and the surrounding areas are known for being a short drive to both Queenstown and Frankton. Most properties have beautiful wide-ranging views of Lake Whakatipu and the surrounding mountains.

Opposite the entrance to Goldfield Heights on Frankton Road, is Queenstown Marina with its commercial activity and café. Investors love the Goldfields area for the strong returns and high tenant demand.

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.