Entry Level Fernhill
This unit is being sold inclusive of GST.
This two bedroom, one bathroom townhouse is an excellent opportunity for someone looking for a first home or strategic investment.
Situated at the end of the complex, this home offers the benefit of additional windows for extra sunlight. Owners renovations include new quality carpet with 11mm underlay, replacing the interior blinds, plus the addition of a heat pump in the living area and double glazing in the lower level.
On entry, the lower level has two bedrooms, one bathroom and separate toilet, kept warm by a night store heater. From the mid level you can take in the view of the surrounding mountains from the deck and relax in the large living area. This levels also contains the kitchen, laundry and additional toilet. The upper level has access to a large, additional storage area. The owner has boxed-in and created a stairwell access to the existing mezzanine area creating a large, multiuse storage room.
The home has its own dedicated carpark and is conveniently located near the local shops and restaurants. Fernhill is known for its fantastic views and proximity to central Queenstown.
Currently there are tenants in place paying $880 per week until 7th August 2025.
Please contact us for a full information pack and viewing opportunities today.
• Two full bedrooms
• Large built-out storage area
• Dedicated off street carpark
• Tenants in place until early Aug 2025, paying $880per week approx. 5.7% gross return
Executive Summary
Address Unit 304, 139 Fernhill Road, Fernhill
Rates
$3504.05 |
CV $630,000
Floor Area 110 sqm more or less
Built 1995
Exterior Direct fixed plaster
Floor Coverings Carpet
Windows Single glazed, downstairs double glazed
Hot Water Electric
Heating Heatpump
Aspect South
Laundry Cupboard
Views Mountain, town
Parking Off street
Rental Appraisal
$850 - 925 p/w
Other Information
The following information is also available for this property - contact us for your copy.
• Record of title
• PCDS
• Rental appraisal
• Rates information
• LIM report
Fernhill/Sunshine Bay
Fernhill is known for its close proximity to Queenstown and epic views. Properties range from a 15 minute to 40 minute walk to town, or just a short five minute drive. Fernhill is one of the most affordable suburbs in Queenstown to live in and boasts incredible elevated views of Lake Whakatipu and the surrounding mountains. There are numerous walking tracks in the Fernhill area, and it has a handy local shop and a couple of eateries adding to the appeal.
Highly sought-after by tenants, young families, workers and professionals, it’s also traditionally a popular spot for investors. Sunshine Bay is positioned on the far side of Fernhill and boasts similar housing and popularity, plus a beautiful small beach an easy stroll away.
Date: 19th June 2024
For: To Whom It May Concern
Property: 304-139 Fernhill Road, 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
In-depth tenant selection to protect your investment
Full and detailed financial reporting
Monthly payment schedule
Regular rental reviews and careful arrears control
Skilled maintenance contractors on hand 24/7
Regular scheduled inspections with photographic reporting
Use of market-leading property management systems and technology
On-call property managers
Pro-active communication
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
✓ Three bedroom, one bathroom apartment
✓ Convenient position for access to town on foot, by bus or car
✓ Easily-tenanted position
✓ Off-street parking
Rental returns
We believe that a weekly rental of the current condition of the property is estimated to be between $850 and $925 per week
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 manager
P 03 409 0480
M 027 269 2561
E mark@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 OT17A/404
Land Registration District Otago
Date Issued 03 November 1995
Prior References
OT16C/1163
Estate Stratum in Freehold
Legal Description Unit 304 and Accessory Unit 304A Deposited Plan 25060
Registered Owners
Gina Karen Froger
Supplementary Record Sheet OT17A/416
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
11508235.3 Mortgage to Westpac New Zealand Limited - 15.8.2019 at 11:50 am
Client Reference acuebillas001
a unit and are usually recorded on the computer r egister 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
Unit plan
Ownership and utility interests
Computer register
Easements and covenants
Body corporate operational rules
Pre-settlement disclosure statement
Additional disclosure statement
Department of Building and Housing
www.dbh.govt.nz/unit-titles
0800 UNIT TITLES (0800 864 884)
Land Information New Zealand www.linz.govt.nz
0800 ONLINE (0800 665 463)
Aspen Apartments Body Corporate Manager, Sue Bradley, propqt@gmail.com 027 640 8596
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 current contribution levied by the body corporate under section 121 of the Unit Titles Act 2010 in respect of the unit is $4443.36 Body Corp annual fees and insurance. This is paid in quarterly instalments.
5 The period covered by the contribution in paragraph 4 is 1 December 2023 to 31 November 2024
6 The body corporate has not yet made a levy under section 121 of the Act for the following 12 months. This unit 304 is currently paid up to end May 24.
7 The body corporate proposes to carry out the following maintenance on the unit title development in the next 12 months:
The usual general maintenance of gardens, hallways, rubbish bins , gutters etc. In addition this year; Car park/road lines repainted, and a few current maintenance issues identified in the new long Term Maintenance plan (April 24)
For further details contact the Body Corporate Manager.
8 The body corporate proposes to carry out the following maintenance on the unit title development in the next 3 years:
Roof paint and maintenance, and some exterior painting, to be paid for from the Long Term Maintenance Fund savings.
This unit requires work to 2 support beams of the wooden balcony. This work is planned over the next few months. Whilst the Body Corporate is organising the work and paying a 10% contribution, the balance of the cost for 1.5 beams will be on charged to the unit as per section 127 of the Unit Titles Act. This has been agreed by the owners concerned and at an AGM. We are still waiting for further quotes but the potential approximate cost of this at this stage is around $4,000..(one beam is shared with the neighbouring unit 305, hence the 1.5 calculation) For further details and updated costings contact the Body Corporate Manager.
DocuSign Envelope ID: 77FA1DB1-BF61-4937-BAA0-EAF2D42F304F
9. Long Term Maintenance Plan. The current plan covers the period 2024-2054. The next 3 year review is due in 2027.
10 Finances. The body corporate has the following accounts: The Aspen Body Corporate has a current account and 2 term investment savings accounts at the SBS, Queenstown. The balance of all accounts at the end of the last financial year 30/11/2023 was $327,994.58. Current account $53,975.84. Term deposit 1 $194,018.74. Term deposit 2 $80,000
11 There have been no audits done on the accounts over the last 3 year period.
12. The unit or the common property is not currently, and has never been, the subject of a claim under the Weathertight Homes Resolution Services Act 2006 or any other civil proceedings relating to water penetration of the buildings in the unit title development.
12 The unit or the common property is not currently, and to our knowledge has never been subject to earthquake prone issues, relating to the buildings or land in the unit title development.
13 The unit or the common property is not currently, and to our knowledge has never been subject to any major defects in the land, in the unit title development .
14 The unit or the common property is not currently involved in any court or other proceedings.
15. ...Insurance. The Body Corporate insurance policy is organised with Rothbury. Our agent is Di Findlay. +64 3 450 0846, +64 21 286 0030 di.finlay@rothbury.co.nz Ref; CL27454 - PK72175v2 The policy is a Strata Plus Package policy with NZ underwriting Agencies NZ. Please refer to the policy attached for standard excesses. There is a special higher excess of $5000 for any water damage claims.
Date: 16th June 2024
Signed: Sue Bradley, Manager, on behalf of Aspen Body Corporate 25060
17 June 2024 | 2:56 PM NZST
Date:
Signed: _______________________________________
Unit 304 Owner Gina Froger.
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.
