Page 1

411 SOFITEL APARTMENTS, 8 DUKE STREET $469,000 + GST (IF ANY) E queenstown@colliers.com W colliers.co.nz/209925 T 03 441 0790

Otago Realty (NZ) Ltd, Licensed agent REAA 2008


2

GREAT HOLIDAYS, GREAT INVESTMENT Queenstown’s Sofitel is absolute town centre, creating a 5-star haven at one of the best addresses in town. The sheer luxury of your surroundings will make any holiday in this prestigious Queenstown studio a real treat. Offering impressive views up towards the gondola, the unit benefits from top-quality furnishings and opulent decor. Residents and guests get to enjoy the use of excellent onsite facilities including a luxury spa, cafe, restaurant and fully licensed jazz bar. • Fourth floor studio apartment with superb central Queenstown location • Stunning interior design • 28 days a year owner usage for unforgettable holidays • In management and currently generating 5.9% net return Interior photos are indicative only

1 Bedroom

1 Bathroom

41m2 Floor Area


3


4

boundary indicative only


5

EXECUTIVE SUMMARY ADDRESS

411 Sofitel Apartments, 8 Duke Street, Queenstown

RATES

QLDC: $899.00 per annum ORC: $90.25 per annum

CV

$310,000

MANAGEMENT SUMMARY RETURN ON INVESTMENT

28 days a year owner usage per annum, no ability to opt out.

FLOOR AREA

41sqm more or less

BUILT

2005

FLOOR COVERINGS

Carpet, Tiling

WINDOWS

Aluminium joinery, Double glazing

GENERAL FEATURES

CBD location, awrd winning spa, cafe & restaurant

FURNITURE

Fully furnished

ASPECT

West

VIEWS

Mountain

5.9% net return


6

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 Chattels list


7


• • •

8

any consents, notices, orders or requisitions affecting the land or buildings District Plan classifications that relate to the land or buildings any special feature of the land the local council knows about including the downhill movement, gradual sinking or wearing away of any land, the falling of rock or earth, flooding of any type and possible contamination or hazardous substances any other information the local council deems relevant

Full details of what a local council is obliged to provide in a LIM is contained in section 44A of the Local Government Official Information and Meetings Act 1987. Easements and covenants. An easement is a right given to a landowner over another person’s property (for example, a right of way, or right to drain water). A land covenant is an obligation contained in a deed between two parties, usually relating to the use of one or both properties (for example a covenant to restrict one party using their property in a certain way). Easements or covenants may apply to: • •

3

a unit and are usually recorded on the computer register for that unit. common property and will be recorded on the supplementary record sheet for the unit title development.

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

Department of Building and Housing www.dbh.govt.nz/unit-titles 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 Department of Building and Housing 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 $4,065.60 plus GST. The levies are invoiced to the hotel scheme, and deducted on a monthly basis in determining the


9


10

COMPUTER UNIT TITLE REGISTER UNDER LAND TRANSFER ACT 1952

Search Copy

224182 Identifier Land Registration District Otago 20 September 2005 Date Issued Supplementary Record Sheet 243112

Prior References 231918 Estate

Stratum in Leasehold Term

21 years commencing 12.1.2004 with renewal clause

Term

21 years commencing 12.1.2004 with renewal clause

Legal Description Unit 411 Deposited Plan 354972 Proprietors Barry Conway Sutton Estate

Stratum in Leasehold - 1/82 share

Legal Description Accessory Unit 1-8 Deposited Plan 354972 Proprietors Barry Conway Sutton 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 6949809.2 Lease Term 20 years commencing on 17.1.2006 and expiring 16.1.2026 with renewal clause CIR 298583 issued - 17.7.2006 at 9:00 am 9216693.3 Mortgage to Bank of New Zealand - 31.10.2012 at 11:51 am

Transaction Id Client Reference

54863727 csvendsen001

Search Copy Dated 28/08/18 4:16 pm, Page 1 of 3 Register Only


11


12

Sofitel unit 411

Buy Price Unit Share of Scheme Entitlement: 0.9238%

$469,000 Plus GST if any

Payments to owners (includes GST) 1st April 2017 - 31st Mar 2018

Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-16 Nov-16 Dec-16 Jan-18 Feb-18 Mar-18

$ $ $ $ $ $ $ $ $ $ $ $

2,549.55 849.90 2,124.74 3,612.06 1,168.61 2,124.74 2,284.10 4,674.43 4,249.48 5,099.38 3,240.23

Gross Income Less GST Net Income

$ $ $

31,977.22 27,806.27

Rates - QLDC Rates - ORC Body Corp

Already deducted from returns Already deducted from returns Already deducted from returns $ $ -

Less GST on Rates/BC Net Rates/BC Nett Return ROI

27,806.27 5.93%

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.


13

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


14

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.


15

!

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


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

411 Sofitel Apartments ebook  
411 Sofitel Apartments ebook