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321 SOFITEL APARTMENTS, 8 DUKE STREET, QUEENSTOWN $415,000 + GST (IF ANY) E queenstown@colliers.com W colliers.co.nz/214834 T 03 441 0790

Otago Realty (NZ) Ltd, Licensed agent REAA 2008


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FOUR-SEASONS INVESTMENT Invest in an apartment at the very heart of town to take advantage of high demand and an incredible location. A sleek third level apartment, this particular unit showcases a recent refurbishment elevating the already exquisite style to new heights. Queenstown’s Sofitel Hotel and Spa is firmly established as the accommodation of choice for discerning holidaymakers. Exceptionally modern and with unique luxury touches that bring guests back time after time, owners can enjoy up to 28 days per annum in their apartment and reap the rewards from its strong occupancy for the rest of the year. Images indicative. • Studio apartment with superb central location • In Sofitel management, globally renowned as a luxury holiday brand • Decadent tiled bathroom with top-shelf fixtures • Outlooks across the centre of Queenstown

1 Bedroom

1 Bathroom

40m2 Floor Area


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EXECUTIVE SUMMARY ADDRESS

321 Sofitel Apartments, 8 Duke Street, Queenstown

CV

$360,000

MANAGEMENT SUMMARY RETURN ON INVESTMENT

In management, 28 days annual owner usage 4.94% net return

FLOOR AREA

Total 40m² more or less

EXTERIOR

Concrete tilt slab

FLOOR COVERINGS

Carpet, Tiling

WINDOWS

Aluminium joinery, Double glazing

HEATING

Electric and undertile

GENERAL FEATURES

Architect designed, Sunny

FURNITURE

Fully furnished

ASPECT

West

VIEWS

Mountains


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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 AGM minutes


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INDICATIVE FLOOR PLAN

source: QLDC edocs


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boundary indicative only


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RECORD OF TITLE UNDER LAND TRANSFER ACT 2017 UNIT TITLE Search Copy

Identifier 224164 Land Registration District Otago 20 September 2005 Date Issued Prior References 231918

Supplementary Record Sheet 243112

Stratum in Leasehold Estate Legal Description Unit 321 Deposited Plan 354972 Registered Owners A 1955 B Investments Limited Stratum in Leasehold - 1/82 share Estate Legal Description Accessory Unit 1-8 Deposited Plan 354972 Registered Owners A 1955 B Investments 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 6714547.41 Lease Term 20 years commencing 20.12.2005 and expiring 19.12.2025 with renewal clause CT 263740 issued - 11.1.2006 at 9:00 am 7627377.3 Mortgage to ANZ National Bank Limited - 6.12.2007 at 3:53 pm

Transaction Id Client Reference

58023537 csvendsen001

Search Copy Dated 7/08/19 1:56 pm, Page 1 of 3 Register Only


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Sofitel Unit 321

Buy Price $ 415,000.00 Plus GST if any Unit Share of Scheme Entitlement: 1.0476% Payments to owners (includes GST) 1st April 2018 - 31st March 2019

$2,933.28

Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 $ Dec-18 $

Jan-19 Feb-19 Mar-19 Gross Income Less GST Net Income

$ $

$963.75 $1,807.03 $602.34 $481.88 2,168.44 3,011.72 $4,216.41 $4,397.12 $3,011.72 $23,593.69 3,077.44 20,516.25

Already deducted from returns Already deducted from returns Already deducted from returns Less GST on Rates/BC $ Net Rates/BC $ Rates - QLDC Rates - ORC Body Corp

Nett Return ROI

20,516.25 4.94%

Projected financial payments to owners of $2,500,000 between 01/04/2019 - 31/03/2020. $436,500 at 6% ROI. The financial information herein has been provided by the vendor and should be used as a guide only. hoamz 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

HUGH CLARK 027 223 2997 hugh.clark@colliers.com

KATH CRUICKSHANK 027 436 8531 kath.cruickshank@colliers.com

GLEN ROLLE 027 534 7382 glen.rolle@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 annual Queenstown Market Report

ADDRESS Top Floor, 10 Athol Street, Queenstown OPENING HOURS Monday – Friday: 9am – 5pm

Otago Realty (NZ) Ltd, Licensed agent REAA 2008

Profile for Colliers Otago

321 Sofitel Apartments ebook  

321 Sofitel Apartments ebook