Unit 1, 26 Glenda Drive | Frankton Information Memorandum For Sale by Negotiation Accelerating success.
Colliers as sole agents, have been appointed to market for sale Unit 1, 26 Glenda Drive, Frankton, Queenstown. Introduction Steve McIsaac +64 21 680 steve.mcisaac@colliers.com304 Barry Robertson +64 27 433 barry.robertson@colliers.com5941 This property is being offered For Sale by Negotiation. This information Memorandum provides preliminary information to assist interested parties with their assessment of the property. Further information is available via an online data room which can be accessed upon registration. www.colliersotago.co.nz/ 67019940 Data room documents available: • Information Memorandum • Certificates of Title and Interests • Outgoing Schedule • Land Information Memorandum All enquiries, requests for information and arrangements to undertake inspections in relation to this opportunity are to be directed to the listing agent below.
Executive Summary 3 Investment Highlights 4 Location 7 Queenstown C&I Market 11 The Property 12 Floor Plans 14 Zone 18 Certificate of Title 20 Due Diligence Contents23
ADDRESS Unit 1, 26 Glenda Drive, Frankton, Queenstown VENDOR Winton Capital Limited CERTIFICATE OF TITLE 820719 LEGAL DESCRIPTION UNIT 1 AUS 35A 36A DP 520415 and HAVING 1/8 SH IN AUS 5A 6A 7A DP 520415 TENURE Stratum in Freehold (Unit Title) AREA Floor 191m² (subject to measure) CAR PARKING 3 exclusive car parks LOCAL AUTHORITY Queenstown Lakes District Council (QLDC) ZONING E1 Zone (see Zoning Summary on page 24) BODY CORPORATE $3939.80 plus GST RATES $3,859.66 plus GST 26 Glenda Drive, Frankton | Queenstown 3
Executive Summary
Affordable asset in Queenstown 4 26 Glenda Drive, Frankton| Queenstown
PROFILE SIZABLE AREA ONSITE
Investment Highlights STREET PARKING
Well located within Queenstown’s most developed Industrial and Commercial subdivision Floor Area 191m² (subject to measure) 3 allocated car parks, plus share of common car parking LAYOUT & DESIGNAFFORDABLE PRICE BRACKET ROLLER SHUTTER DOOR High level fitout Convenient access and storage GOOD
26 Glenda Drive is a high profile site situated adjacent to the Mega Mitre 10 and Pak n’ Save super stores with frontage to Glenda Drive. When your business needs to be seen this is as good as it gets.
Shotover Park’s geographically central location within the Wakatipu Basin, ensures it is easily accessible to Queenstown, Arrowtown and the Gibbston Valley. It conveniently serves the CBD, the town’s major developments including Remarkables Park, and all existing suburbs such as Kelvin Heights, Quail Rise, Lake Hayes, Millbrook, Kawarau Falls Station and Jack’s Point.
LOCATION
Location Indicative only
Accessed via a large roundabout connecting to the new Eastern Access Road (Hawthorn Drive) which links to an extension of Glenda Drive. This extension provides a high quality eastern arterial connection to the large Remarkables Park Zone and Town Centre and recently opened High School.
The Shotover Park Development is strategically located off the main highway into Queenstown (State Highway 6).
Five Mile
Hawthorne Dr State Highway 6
Queenstown Int Airport
Location Indicative only
26 Glenda Dr
• Shortage of industrial property for lease, and the high cost of construction of new buildings, resulting in rent increases.
• Construction boom continuing to underpin business growth and confidence for occupiers of industrial and commercial property.
• Increases in land values expected to continue due to lack of supply in immediate area.
• Currently industrial and commercial property has the lowest vacancy rate on record.
CommercialIndustrialQueenstown’sandMarket
• Critical shortage of land available for development.
• Long term the ongoing population growth projections will result in a continued demand for commercial and industrial space that will put pressure on rentals to rise.
• Viability of new commercial and industrial properties being challenged by increasing development costs.
Unit 1 enjoys a prominent position on the Glenda Drive frontage and has been completed with a much higher standard of interior fittings and
The property forms part of a 15 multi-unit business park known as MSPACE with allocated car parking. The property benefits from excellent proximity to bulk retailers Mitre 10 and Pak n Save while the primary access is via Glenda Drive.
Unit 1 has 3 allocated parks to the front of the building in addition to use of common parks for the complex and adjoining loading bay.
Layout and Fittings
12 26 Glenda Drive, Frankton| Queenstown
Units within the complex are finished in a variety of configurations, from double height space, mezzanine and two level.
General Construction
The entrance foyer and adjoining bathrooms have tiled floors. At first floor level there is a large well-lit open office, boardroom, kitchen, built in joinery and storage units.
floor level there is a separate entrance foyer leading to the first-floor stairway, bathroom facilities and open warehouse area.
The kitchen has built in joinery, Caesarstone benchtop with tiled upstand, and tiled floor.
The warehouse has an insulated ceiling, electric roller door and a service Interiorcupboard.walls are strapped, insulated and lined with paint and wallpaper finishes in the office spaces.
The office/boardroom has carpeted floors and split -system heat pumps to both areas and extensive downlighting.
The complex is built of reinforced concrete foundations, floor slab and concrete tilt-slab parapet walls, double glazed aluminium joinery window and shop fronts, steel roller shutter access doors and Hi -Five colour coated roof cladding over steel structure.
Atfitout.ground
The Property
The property on offer consists of a 2 level unit, with warehouse and amenities on the ground floor and office space on the first floor with separate access. The flexible configuration enables the ground and firstfloor space to be leased separately if desired.
Floor Plans
14 26 Glenda Drive, Frankton| Queenstown
26 Glenda Drive, Frankton | Queenstown 15
16 26 Glenda Drive, Frankton| Queenstown
Unit 1 - ground floor plan
Unit 1 - first floor plan
26 Glenda Drive, Frankton | Queenstown 17
The property is zoned Frankton Flats B - Activity Area E1 in the Queenstown Lakes Council’s Operative District Plan. PERMITTED ACTIVITIES: Include industrial and service activities, light industrial activities and offices ancillary to any permitted or controlled activity. ZONE
Certificate of Title
20 26 Glenda Drive, Frankton| Queenstown
26 Glenda Drive, Frankton | Queenstown 21
• Building Plans
26 Glenda Drive, Frankton | Queenstown 23
• Land Information Memorandum
Due Diligence
All enquiries, requests for information and arrangements for site inspections are to be directed to the Colliers sole agents:
Barry Robertson +64 27 433 barry.robertson@colliers.com5941
• Body Corporate Rules
• Information Memorandum
• Pre Contract Disclosure
• Certificates of Title and Interests
• Body Corporate Minutes & Budget
• Outgoing Schedule
Steve McIssac +64 21 680 steve.mcisaac@colliers.com304
To assist in the assessment of this offering, comprehensive due diligence information is available via a secure documents link. For access to all documents please register you interest with one of the agents.
Unit 1, 26 Glenda QueenstownDrive FOR SALE BY NEGOTIATION Ref: 67019940 Barry Robertson +64 27 433 barry.robertson@colliers.com5941 Steve McIsaac +64 21 680 steve.mcisaac@colliers.com304 DISCLAIMER: This Information Memorandum has been prepared solely for information purposes in order to assist interested parties in making an initial evaluation of the property and does not constitute advice nor purport to contain all of the information that a prospective purchaser may require. In all cases interested parties must conduct their own investigation and analysis of the property and the data set out in this Information Memorandum to satisfy themselves in all respects and not rely on the information in this Information Memorandum to make their purchasing decision. This Information Memorandum has been prepared in good faith and with due care by Colliers, but neither Colliers nor the Vendor accept responsibility hereunder for the accuracy of any part of the information contained in this Information Memorandum. Therefore the recipient/s of this Information Memorandum to the extent that they rely on the information contained herein do so entirely at their own risk. The Vendor and Colliers NZ Limited (and its brokers) expressly disclaim all liability for representations, express or implied, contained in, or for omissions from, this Information Memorandum or any other written or oral communication given to any prospective purchaser in the course of their evaluation and/or offer. This Information Memorandum does not constitute an offer for sale or purchase or otherwise. Please be aware that Mortgagee Sales can present more risk to purchasers, we recommend you take advice from your lawyer in this respect.
