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21B TOWNE PLACE, FRANKTON $530,000 E queenstown@colliers.com W colliers.co.nz/215257 T 03 441 0790

Otago Realty (NZ) Ltd, Licensed agent REAA 2008


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TAKE THE FIRST STEP An achievable step into home or investment ownership, this two bedroom unit is situated at the heart of Frankton. Shops, sporting facilities, public transport and supermarkets are all within easy reach, not to mention the blue waters of Lake Wakatipu. The well-kept timber-lined interior comprises openplan living/dining/kitchen, two good-size bedrooms and a modern bathroom. Carpet in the living area and tiles in the kitchen add a quality feel, while natural light floods in thanks to large windows and north orientation. Frankton is the place more and more home buyers and tenants want to be - take advantage by investing in the right place. • Neat two bedroom unit in Frankton • Carport and shed for storage • Cosy timber-lined interior

2 Bedroom

1 Carport

1 Bathroom

60m2 Floor Area

1 Living Area


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boundary indicative only


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EXECUTIVE SUMMARY ADDRESS

21B Towne Place, Frankton Road, Queenstown

RATES

QLDC: $2,575.32 ORC: $125.86

CV

$480,000

FLOOR AREA

60 m² more or less

EXTERIOR

Plaster

FLOOR COVERINGS

Carpet, Tiling

WINDOWS

Double glazing

HOT WATER

Electric

HEATING

Heatpump

GENERAL FEATURES

Sunny, Quiet

ASPECT

North, West

LAUNDRY

Part of Room/Garage

PARKING

Single carport , 1x Off-street park

RENTAL APPRAISAL

$525 - $595 p/w


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OTHER INFORMATION The following information is also available for this property - contact us for your copy. • Full Certificate of Title • Full Pre-Contract Disclosure Statement


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Date:

10th September 2019

For:

To Whom It May Concern

Property:

21B Towne Place, Frankton, Queenstown

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

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In-depth tenant selection to protect your investment

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Full and detailed financial reporting

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Monthly payment schedule

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Regular rental reviews and careful arrears control

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Skilled maintenance contractors on hand 24/7

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Regular scheduled inspections with photographic reporting

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Use of market-leading property management systems and technology

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On-call property managers

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Pro-active communication


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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

✓ Tidy two bedroom unit ✓ Carport and shed for extra storage ✓ Popular rental area We believe that a weekly rental of the current condition of the property is estimated to be between $525 and $595 per week.

Rental returns

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 development/Property manager P 03 409 0480 M 027 269 2561 E mark@purepropertyrentals.co.nz


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

Identifier OT16B/1200 Land Registration District Otago 10 March 1995 Date Issued Prior References OT16B/6

Supplementary Record Sheet OT16C/6

Stratum in Freehold Estate Legal Description Unit B and Accessory Unit B1, B2, B3 and B4 Deposited Plan 24503 Registered Owners Mi Hyang Kweon 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 Land Covenant in Deed 5080337.1 - 7.9.2001 at 9:09 am 10631984.4 Mortgage to ASB Bank Limited - 16.12.2016 at 2:49 pm

Transaction Id Client Reference

58333227 csvendsen001

Search Copy Dated 9/09/19 3:28 pm, Page 1 of 2 Register Only


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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

RAYLENE MCQUEEN 021 045 0813 raylene.mcqueen@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

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Otago Realty (NZ) Ltd, Licensed agent REAA 2008

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