This smart two-bedroom, two-bathroom managed apartment is the perfect blend of comfort, style, and convenience and under the management of the Ramada hotel, part of the worldwide Wyndham group of hotels. Being part of this complex, you will have access to top-ofthe-line amenities, and the fixed term lease provides a solid income stream. The apartment will be sold fully furnished.
Soak up the stunning views of lake and mountains from this second-floor wrap-around corner unit and the handy location puts you just a stone’s throw away from the Queenstown CBD, making it easy to get around and enjoy all that Queenstown has to offer.
• Two bed, two bath 59sqm managed apartment
• Commercial guarantee on rental over long lease term
• Potential option for overseas buyers to purchase
• Convenient location to Queenstown CBD
• Fully furnished apartment
• 10 owner usage days for holidays
• Price is plus GST (if any)
Apartment outline indicative
Executive Summary
Address Unit 205 Ramada Hotel Queenstown, 18 Frankton Road, Queenstown
Rates QLDC: $4,919.62 per annum | ORC: $457.27 per annum
CV $690,000
Body Corporate
$2,853.91
Management summary In management lease with the Wyndham Hotel Group under the Ramada Brand
Return on investment
Floor Area
Current gross return of $3,227 plus GST per month
59 sqm
Built 2019
Exterior
A mixture of precast concrete , zincalume and schist
Floor Coverings Carpet, Tiles
Windows Double glazing
Heating Heat pump
Furniture Comes fully furnished
Aspect South and East
Laundry Part of bathroom
Views Town, Lake and Mountain
Other Information
The following information is also available for this property - contact us for your copy.
• Full Pre Contract Disclosure Statement
• Full title
• Returns summary
• Body Corporate rules
• AGM minutes
• Chattels list
Queenstown
The town centre has extremely sought-after housing. There’s ample property within walking distance of town, with residences ranging from luxury apartments to family homes on high-value land and rental properties occupied by multiple tenants.
Prices in the town centre prove consistently strong, particularly properties with sought-after zoning and the ability to build more than one unit onsite. House prices remain largely immune to the area’s seasonal trends, with high tenancy demand and consistent returns.
RECORD OF TITLE UNDER LAND TRANSFER ACT 2017 UNIT
TITLE
Guaranteed Search Copy issued under Section 60 of the Land Transfer Act 2017
Identifier 893340
Land Registration District Otago
Date Issued 19 August 2019
Prior References
850924
Estate Stratum in Freehold
Legal Description Principal Unit 205 Deposited Plan 537304
Registered Owners
Essanen Investments Limited
Supplementary Record Sheet 899547
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
Appurtenant hereto is a pedestrian right of way created by Easement Instrument 11488348.3 - 19.8.2019 at 4:34 pm
The easements created by Easement Instrument 11488348.3 are subject to Section 243 (a) Resource Management Act 1991 11550761.4 Mortgage to ASB Bank Limited - 25.9.2019 at 3:46 pm
Client Reference acuebillas001
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: 26th February 2025
Unit Plan: 24 Frankton Road, Queenstown 9300
Body Corporate name and number: Ramada Queenstown Central – 537304
Unit number: 205
Auxiliary Unit:
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
STRICTLY BODY CORPORATE LIMITED
po 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, 19th August 2024 to 18th August 2025 is $4,652.84 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 26th day of February 2025 are as follows:
(i) Operating account:
$23,109.45
(ii) Contingency fund(s) $0
(iii) Long Term Maintenance Fund
$71,742.89
(iv) Capital Improvement Fund(s) $0
(j) A copy of the long-term maintenance plan [dated the 24th day of June 2020] 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.
(l) The next review date for the Long-Term Maintenance Plan for the unit title development is 24th June 2025.
(m) Any remediation reports commissioned by the body corporate within the preceding three years are ATTACHED (NIL).
(n) A summary of the insurance cover the body corporate maintains for the unit title development, including –
Meet our team.
Queenstown Residential
Fred Bramwell Director Sales Consultant 021 435 694
Brendan Quill Sales Consultant 021 416 785
Eoin Miles Sales Consultant 027 777 2006
Maria Wyndham Sales Consultant 021 997 522
Paula Gilmartin Sales Consultant 027 376 4395
Stephen Hebbend Sales Consultant 021 453 881
Zach Hylton
Sales Consultant
027 369 6805
Raylene McQueen Business Manager 021 045 0813
Candice Buchanan Sales Consultant 027 630 1283
Hugh Clark Sales Consultant 027 223 2997
Mei Chen Sales Consultant 022 075 9847
Poppy Jefferies Sales Consultant 022 043 9935
Vera Stewart Sales Consultant 021 059 6266
Anna Wang Sales Consultant 027 788 8696
Doug Reid
Sales Consultant 027 431 3278
Jesse Johnston Sales Consultant 027 733 7755
Nicole Bell Sales Consultant 021 898 326
Richie Heap Sales Consultant 021 500 815
Vicky Tomich Sales Consultant 021 0265 5092
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.
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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.
