Easy access investment
Fantastic investment property situated on a ground floor corner site handy to all the amenities you need: café’s and restaurants, Remarkables shopping, Airport, schools, walking/cycling tracks. Relax and enjoy your own sunny corner deck after your busy day. This property can be lived in or rented on a long term basis. The vendors are genuine about selling this property so call me today as tomorrow may be too late.
• Two-bedrooms
• Two-bathrooms, one including the laundry
• Wet area bathroom and laundry
• Sought after location
• Undercover carpark space
Executive Summary
Address Unit 11 Wyndham Gardens, 30 Red Oaks Drive, Frankton, Queenstown
Rates QLDC: $3,333.10 per annum | ORC: $367.78 per annum
CV $750,000
Body Corporate $4,482.88 including GST per annum
Management Marsden Property Management
Floor Area 76 sqm more or less
Built 2018
Exterior cladding Hardie board, concrete and schist
Floor Coverings Tiles and Carpet
Windows Double glazing
Heating Electric underflooring in the bathrooms. Heat pump.
Aspect North and west
Laundry Within bathroom
Views Mountains
Parking 1x covered carpark space
Rental Appraisal $730.00 - $750.00 per week 50,00$
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
Frankton
Frankton was founded in 1863 during the gold rush, with the earliest of the residential housing built between 1910 - 1920. Most of the houses we see today were constructed in the 1990s, but the town still hides many historic gems scattered around the area. Frankton today is a very popular place to buy or rent due to its easy access to shopping, cafés and restaurants, excellent schooling of all levels, mountain views and yearround sun. Frankton is also home to the Remarkables Park Shopping Centre, Queenstown Central and Five Mile Shopping Centre and multiple supermarkets and big-box retailers, as well as a host of commercial and industrial amenities. Queenstown International Airport is also located here and Frankton plays host to the public transport hub, with Frankton Bus Shelter at the heart of the suburb. To top it all off, locals can enjoy Frankton Bay, which is an incredibly popular spot to relax or enjoy watersports in the warmer months. It is also a beautiful place to simply sit and take in the stunning views down the Frankton Arm of Lake Whakatipu.
Rental Appraisal
Date: Wednesday 2 April 2025 nd
Property: Unit 011, 30 Red Oaks Drive, Queenstown 9300
To whom it may concern
Queenstown investment property is our specialty. At Pure Property, we focus purely on managing properties to maximise renta income and minimise owner input.
As a small team dedicated to property management and with decades of combined industry experience, Pure Property provides a personalised service allowing us to tailor management options to suit your needs
Pure Property will take care of every aspect of managing your property. Our services include but are not limited to:
High-exposure marketing to minimise vacant time
In-depth tenant selection to protect your investment
Full and detailed financial reporting
Regular rental reviews and careful arrears control
Skilled maintenance contractors available 24/7
Regular scheduled inspections with photographic reporting
Use of market-leading property management systems and technology
On-call property managers 24/7
Pro-active communicat on
Property Description
Two bedroom, two bathroom 76 sqm apartment
One dedicated off-street parking space.
Convenient location within close proximity shops, cafe's and public transport links. Featuring a balcony for outdoor living and positioned on ground level
Rental Returns
We believe that a weekly rental of the property is estimated to be $730 - $750 per week
This appraisal is based on the current market conditions, comparable Pure Property rental properties and advertised properties.
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.
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,
Chloe Holliday Business Manager
P 03 409 0480 M 027 371 5666 E Chloe@purepropertyrentals.co.nz
RECORD
OF TITLE UNDER LAND TRANSFER ACT 2017 UNIT TITLE
Guaranteed Search Copy issued under Section 60 of the Land Transfer Act 2017
Identifier 822640
Land Registration District Otago
Date Issued 06 April 2018
Prior References 804274
Estate Stratum in Freehold
Legal Description Principal Unit 011 and Accessory Unit 31 Deposited Plan 520899
Registered Owners Nawaff R Abdul Maged Alkabban
Supplementary Record Sheet 827188
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
10963812.17 Encumbrance to Remarkables Park Limited - 30.1.2018 at 4:27 pm
11164205.3 Mortgage to Bank of New Zealand - 4.7.2018 at 5:10 pm
Pre-contract Disclosure Statement
146, Unit Titles Act 2010 and reg 33 (1), Unit Titles Regulations 2011
Sale of an Existing Unit in a Unit Title Development
Date Prepared: 17th March 2025
Unit Plan: 30 Red Oaks Drive, Remarkables Park, Queenstown 9300
Body Corporate name and number: Remarkables Garden Apartments – 520899
Unit number: 011
Auxiliary Unit: 31
Pre-contract Disclosure Statement
(1) The following information is prescribed for section 146(2) of the Act (which requires a PreContract Disclosure Statement to contain prescribed information set out in Regulation 33(1)) where the Pre-Contract Disclosure Statement is provided in relation to a sale and purchase of a unit other than an “off-the-plan” unit. The information contained in this statement is provided to the extent it is capable of being provided in relation to the unit title development:
(a) Does the body corporate or body corporate committee have actual knowledge that any part of the unit title development has-
(i) weathertightness issues for which a claim has been made under the Weathertight Homes Resolution Services Act 2006; YES/NO; or
(ii) weathertightness issues that have been remediated without a claim under that Act or other proceedings before a court or tribunal; YES/NO; or
(iii) weathertightness issues that have not been remediated; YES/NO; or
(iv) earthquake-prone issues; YES/NO; or
(v) any other significant defects in the land (including the unit title development and the land on which it is situated) that may require remediation: YES/NO
(b) If the body corporate is involved in any proceedings in any court or tribunal: YES/NO: and, if so, details of the proceedings:
(c) The financial statements and audit reports for the previous 3 years are ATTACHED; [OR] (as the case may be) audit reports for those of the previous 3 years for which an audit was carried out, and a financial statement of the years in that time period for which no audit was carried out are ATTACHED
box 106 545 auckland 1143|new zealand p 09 368 5023|f 09 638 5177|info@sbcltd.co.nz|www.sbcltd.co.nz
Trusted Tailored Service
Communication & Quality – Deliver Best VALUE
(d) The notices and minutes of general meetings of the body corporate and the body corporate committee for the previous 3 years:
(i) including all supporting documentation; but
(ii) excluding any information that may be redacted for the reasons specified in regulation 27A(2); are ATTACHED.
(e) The name and contact details of the body corporate manager is as follows: Nico van den Berg nico@sbcltd.co.nz 020 4100 7975
(f) The 12 – month period comprising the current financial year for the purposes of the financial statements of the body corporate are ATTACHED.
(g) The body corporate levies payable for the unit for the current financial year period, 15th May 2024 to 14th May 2025 is $4,482.88 including GST.
(h) (i) The body corporate proposes to carry out NO SPECIFIC maintenance on the unit title development in the next 12 months
(ii) The body corporate proposes to meet the cost of that maintenance – (NIL).
(i) The balance of every fund or bank account held or operated by or on behalf of the body corporate as at the date of the last financial statement being the 17th day of March 2025 are as follows:
(i) Operating account: $5,673.50
(ii) Contingency fund(s) $0
(iii) Long Term Maintenance Fund $6,537.10
(iv) Capital Improvement Fund(s) $0
(j) A copy of the long-term maintenance plan [dated the 25th day of September 2019] is ATTACHED:
(k) Any proposed works under the Long-Term Maintenance Plan for the unit title development to be carried out or begun within the next 3 years and the estimated costs of the works –LTMP ATTACHED.
(n) A summary of the insurance cover the body corporate maintains for the unit title development, including –STRICTLY BODY CORPORATE LIMITED
(l) The next review date for the Long-Term Maintenance Plan for the unit title development is 25th September 2024.
(m) Any remediation reports commissioned by the body corporate within the preceding three years are ATTACHED (NIL).
Frequently Asked Questions
Is a reserve price set? No, the vendor cannot set a reserve price for the deadline sale, but the vendor will have in mind a price. Other than the vendor, the real estate listing agent is the only person who may know this price which is generally established by feedback from potential purchasers. Buyers are invited to submit an offer at a level at which they would be comfortable to purchase the property.
Can I buy before the deadline sale closes?
Yes - the vendor has the option of considering conditional or unconditional offers at any stage of the campaign.
How do I make an offer? Your Sales Consultant will provide you with a Sale and Purchase Agreement for the property. This needs to be completed by the purchaser with your details, purchase price, deposit amount, settlement date and any conditions. The offer is then placed in a sealed envelope to be opened by the vendor at any time up to and including the closing date of the deadline sale.
Can I make a conditional offer? Absolutely. Bear in mind though that the vendor will take into consideration any conditions, particularly if there is more than one offer. It is prudent to resolve as many conditions as possible before submitting the offer.
Can I negotiate? The deadline sale process is a ‘best foot forward’ strategy - purchasers are expected to submit their best offer on the day. The vendor can then consider all offers at the same time and choose their course of action. The vendor can choose to accept any offer (not necessarily the highest one), reject all the offers, or enter into negotiations with one or more of the potential purchasers.
How do I know who wins the deadline sale?
You should be contacted within a few hours of the deadline sale closing time to advise whether you have been succesful or not. If you are successful you now have a contract with the vendor and can start working through conditions (if any).
If the vendor does not receive the price they want, they may choose to start negotiations. The submitters of the top offers can be asked to re-submit a new offer, or negotiations can continue with one. This can mean that deadline sale negotiations can continue well past the closing date.
What is the difference between deadline sale and tender? Deadline sales vary from tenders as follows – when a property is marketed by tender it cannot be sold before tender date, offers must be on a tender form and accompanied by a 10% deposit, and must remain valid for 5 working days from the close of tenders. With deadline sales none of these things apply – offers can be made (and accepted) at any time, they are made on a normal sale and purchase agreement form, and can be withdrawn at any time prior to acceptance by the vendor. There is no requirement to attach a deposit cheque to the offer.
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.
