I N F O R M AT I O N M E M O R A N D U M
Notice of Disclaimer - To be read before reading the contents of this Memorandum. This Memorandum has been prepared solely to assist interested parties in deciding whether to express their interest in the assets and then making their own evaluation of the property and its assets. The Memorandum does not purport to contain all information that a prospective Purchaser may require. In all cases, interested parties should conduct their own investigation, analysis and verification of the data contained in this Memorandum and the property. Neither the delivery of this Memorandum nor any contractual agreement concluded thereafter shall under any circumstances create any implication that there has been no change in the affairs or prospects of the property since the date of this Memorandum or since the date as at which any information contained in this Memorandum is expressed to be applicable. The Advisors have not independently verified any of the information contained in this Memorandum. None of the Advisors or Owner make any representation or warranty as to the accuracy or completeness of the information contained in this Memorandum and none of the Advisors or Owner shall have any liability for any statements, opinions, information or matters (express or implied) arising out of, contained in or derived from, or for any omissions from, or failure to correct any information in this Memorandum, or any other written or oral communications transmitted to any recipient of this Memorandum in relation to the property. Retention of this Memorandum will constitute acceptance by the recipient and readers of these terms and conditions and any recipients who do not accept any of the terms and conditions should return the Memorandum to the Advisors immediately. 2
CONTENTS INTRODUCTION
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PROPERTY OVERVIEW
5-13
• I – Lot 2 on DP 534730 • II – Lot 1 on DP 534730 • III– Proposed Lot 1 • IV - Lot 2 on DP 31180 • V – Proposed Lot 5 • VI – Proposed Lot 2 • VII – Proposed Lot 3
NOTES
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LOT PLAN
14
COVENANT PLAN
15
GALLERY
16-20
AGENT PROFILES
21-22
I N F O R M AT I O N M E M O R A N D U M
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INTRODUCTION A warm invitation is extended to PIKAU - WAIHEKE ISLAND, an unprecedented coastal offering. Six spectacular opportunities to be part of the Pikau legacy. A carefully crafted consideration of how best to honour both the coastal and forest taonga. A coastal treasure to captivate and share for generations. All are freehold titles with shared access to the boat ramp and 49 metre jetty and recreational picnic area. Most holdings range from 4ha to 7ha with the exception of one truly unique smaller waterfront title available of 3418 sq m. One of the properties offers in excess of 1000 sq m of accommodation. Five are waterfront and all have direct boat launching access and shared use of heliport. Complete privacy allows each holding to pursue architecture of choice, the inspiration provided by the whispering of tide and call of the Kaka. Elizabeth Scott, head of Auckland’s internationally acclaimed Pacifica development brings her extensive property development and management experience to PIKAU. Her connection and vision here is personal, her focus on a legacy best in class bespoke coastal development that remains discreet and currently off market. An unparalleled and finite Island vestige of tranquillity and calm - New Zealand Sotheby’s International Realty are delighted to introduce you to it. Introduction by private appointment.
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PROPERTY OVERVIEW • Legacy properties seldom available • Limited investment opportunity (6 lots available) • Gated community • Driveway access • Well maintained accessway and surroundings • Developed infrastructure including boat ramp • 49m jetty • Helicopter landing which is available for use by 7 lot holders • Helicopter landing rights (subject to conditions) PLEASE NOTE Four of the six properties have sold. The two remaining properties are now presented for sale by tender.
I N F O R M AT I O N M E M O R A N D U M
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I
LOT 2 ON DP 534370 – 4.08 HA 200 COWES BAY ROAD • Access directly off Cowes Bay Road • Treed (native and exotic) with panoramic views to Hauraki Gulf Island and Coromandel • Pedestrian easement access to Cowes Bay • Easement access to boat ramp, jetty and helicopter landing access • Mains power available • For sale by tender, closing December 14th 2023 at 4pm (unless sold prior)
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II
LOT 1 ON DP 534370 – 4.38 HA
• Drive on access via gated entry off Cowes Bay Road • Grassed, moderately steep pasture land • Coastal frontage (approx. 400m) including narrow peninsula • Mains power available • Settlement available from September 2022 or earlier by mutual agreement • Title boundary adjustment proposed to take in covenant area ‘AK’ shown on the draft survey plan
SOLD Boundaries indicative only.
I N F O R M AT I O N M E M O R A N D U M
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III
PROPOSED LOT 1 – 8.36 HA*
• Drive on access via gated entry off Cowes Bay Road • Established 1,114 sq m (approx.) residence (7 bedrooms, 6 bathrooms, 4 powder rooms, 3 car garaging) • Tennis court, 9.5m indoor pool, 4 luxury accommodation units • Entertaining pavilion, bore, back up generator, vegetable gardens, fruit trees, shade house, implement sheds, Caretaker accommodation • Beach frontage (approx. 128m & 48m beach reserve) • Includes area of covenanted native forest land • Settlement available following issuance of Title (expected Q3 2023)
PRICE: $18M
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SOLD
IV
LOT 2 DP 31180 – 3,418 SQ M
• Drive on access via gated entry off Cowes Bay Road • Grassed and generally level section • Direct access to beach reserve • Uninhabitable cottage on the land, which may present salvageable timber • Mains power available
SOLD
PRICE: $5M Boundaries indicative only.
I N F O R M AT I O N M E M O R A N D U M
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V
PROPOSED LOT 5 – 0.06 HA*
• Boatshed • Shared access to boat ramp • To be made available to be purchased in association with either Proposed Lot III, VI or VII.
SOLD PRICE: $1M
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VI
PROPOSED LOT 2 – 7.74 HA*
• Drive on access via gated entry off Cowes Bay Road • Direct access to beach reserve • Elevated potential house site with beautiful views of Cowes Bay and beyond • Significant area of covenanted native forest land including established bush walk track • Mains power to be provided to section • Settlement available following issuance of Title (expected Q3 2023)
SOLD
PRICE: $7M
I N F O R M AT I O N M E M O R A N D U M
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VII
PROPOSED LOT 3 – 5.93 HA* 306B COWES BAY ROAD • Drive on access via gated entry off Cowes Bay Road • Includes significant proportion of grassed, moderately sloping pasture land that may be suited for olive grove, orchard or grape vines • Coastal frontage (approx. 214m & 23m beach reserve) • Mains power to be provided to section • Includes area of covenanted native forest land • Settlement available following issuance of Title (expected Q3 2023) • For sale by tender, closing 14th December 2023 at 4pm (unless sold prior)
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NOTES
• All prices are inclusive of GST (if any) • All lots areas subject to final survey • All boundaries depicted are indicative only • Some auxiliary structures to the main residence may hold existing use rights prior to the 1991 building act and do are not recorded on the council file • Interested parties need to satisfy themselves on all aspects as part of any Due Diligence prior to purchase
I N F O R M AT I O N M E M O R A N D U M
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EXISTING EASEMENTS Burdened Land Shown (Servient) Lot 1 hereon
K
AA
A
DRAFT LOT PLAN
Right of way
Lot 1 hereon
D
G
L
AJ
Parking U
Z
I
J
A
L
D
G
Lot 1 hereon
M
N O
I
7.74 ha
Lot 1 hereon
Lot 2 hereon
S
Lot 3 hereon
U V
Lot 1 hereon
W
Lot 2 hereon
X
Lot 3 hereon L
D
G
Lot 1 hereon
Lot 2 DP 31180
Lots 2 & 3 hereon
Lot 2 hereon
Lot 3 hereon
AE AF
A D G L AJ A Right of way
L N AB AC AJ AD AE
Lots 1-4 hereon
Lot 2 hereon
Lots 1, 3 & 4 hereon & Lot 2 DP 31180
SCHEDULE EASEMENTS IN GROSS Burdened Land Shown (Servient)
Right to convey telecommunications
AD
R AE
Right to convey electricity
AF
AD
Lot 2 DP 31180
14
AF
Grantee
Chorus Lot 2 DP 31180 New Zealand Limited Lot 2 hereon Lot 1 hereon
R
8.34 ha
Lot 2 hereon
U
Lot 6
Lot 9
0.30 ha
Q
T
Vector Ltd
P
AC
J
N
That Lot 13 hereon & Lot 1 D together in one Record of Tit
Lot 8
0.02 ha
3 DP 31180
0.02 ha
0.02 ha
Lot 14 0.02 ha
Lot 10
SCHEDULE
V Lot 11
Lot 12 AD
Purpose
Shown
Parking
AL
t
IV
Elizab 306 Cow Waihe
Cowes Bay AH AL
AJ AI
D
Lot 13
K AA
Area AH to be subject to
Lot 5
0.07 ha
III
L
Lot 7
I
That Lots 10, 11, 12 & 14 he (RT NA796/274) be held tog
0.04 ha
0.06 ha
RT 901674
Proposed building platform
Esplanade Reserve
AE
CT NA796/274
H
M
2 DP 534370
That Lot 9 hereon & Lot 2 DP together in one Record of Tit
Area AI to be subject to
2 DP 31180
Y
AB
A
Lot 1 hereon
N AB AC
AE
Lot 1
right (in nsmission 92 ctricity tra nsfer 6767 Existing ele ated by Tra gross) cre
AB AC
V
0.02 ha
Lot 2 DP 31180
Purpose
N
Z
O
Lot 4 hereon
S
R
Proposed building platform
Lot 1 hereon Lots 2-4 hereon
Lot 1 hereon
That either Lots 1 or 4 hereo together in one Record of Ti
That either Lot 2 DP 534370 & Lot 8 hereon be held toget
AF
I
D G
That Lots 4 & 6 hereon be he
1 DP 31180
W
G E
Amalgamation Condition:
That either Lots 1, 2, 3 or 4 h together in one Record of Ti
VII Lot 3
VI
RT
AD
Road
Lots 2 & 3 hereon & Lot 2 DP 31180
s Bay
Lot 1 hereon
Areas and measuremen
5.92 ha
1.80 ha
EI 10805378.8
A G N AB AC
R
Lot 4
Transfer A100332
MEMORANDUM OF EASEMENTS Burdened Land Benefited Land Purpose Shown (Servient) (Dominant)
Right of way, Right to convey electricity & telecommunications
RT
Cowe
A
Transfer 676792
1675 RT 90 RT 426 54D/1 RT NA
Right to convey telecommunications
Lot 2
RT
Electricity transmission
Q R
X
Created by
P
T
Total Area: 24.4143
EI 10805378.7
Lot 1 hereon
L
Electricity transmission
RT NA796/274 (ease
Pt Lot 3 DP 56745
EI 11126868.3
Lot 1 hereon
EXISTING EASEMENTS IN GROSS Burdened Land Shown (Servient) K
N
Transfer 368295
Lot 4 hereon
G H
Right of way, Right to convey electricity & telecommunications Purpose
Y E
Right to convey electricity & telecommunications
Local Authority: Auc Comprised in: RT N RT 9
Lot 1 hereon
AL
Water right
Scheme 46541-DR -PLN-1210
0.04 ha
1 DP 534370 RT 901673
II 5 DP 168989
C:\12dSynergy\Workspace\data\CATOAPP1\46541-Elizabeth Scott_63799\Technical\Drawings\46541-DR-PLN-1200-1201 Scheme
Pedestrian right of way
This drawing and design remains t or amended without the written pe No liability shall be accepted for un
Created by
RT
Purpose
Proposed Lot 1 DP 63642 & Proposed Lot 1 Over
FOR RESOU
No. REVISION (DESCRIPTIONS) F AM-AQ & Lot 13 added/AG & removed G AM-AQ removed & Lot 14 ad H Lot 5 amended SURVEYED DESIGNED DRAWN
DATE
ORIGIN
12/04/2022 DRAWING NO.
46541-DR
RT RT
7.74 ha
VI
RT
1.80 ha
1 DP 31180
S
W
VII
AF
N
Lot 5
R
0.07 ha
V
RT Proposed building platform
75
16 RT 90
54D/1 RT NA
195m²
3 DP 31180
RT
426
Z V
RT
Y
8.34 ha
Lot 12 0.02 ha
2 DP 31180
T
AD
Lot 14
RT
CT NA796/274
G
0.02 ha
IV
Lot 10
P H
RT
AE
0.02 ha
U
Lot 1
Esplanade Reserve
Lot 11
Q
0.04 ha
Cowes Bay
I
RT
t
J
E
O
25m²
Lot 6
0.02 ha
AC
AB
62m
²
835m²
III
220m²
A
N
Elizab 306 Cowe Waihe
AH
M
112m²
Lot 7
0.06 ha
AL
D
AI
Lot 13 0.04 ha
L
196m²
m²
Lot 8
II
K
0.02 ha AA
2 DP 534370
148m²
68
I
0.30 ha
oad
ay R
es B
Cow
Lot 9
209m²
AJ
67m²
122m²
C:\12dSynergy\Workspace\data\CATOAPP1\46541-Elizabeth Scott_63799\Technical\Drawings\46541-DR-PLN-1200-1201 Scheme
DRAFT LOT PLAN
Lot 4
This drawing and design remains th or amended without the written pe No liability shall be accepted for un
Lot 2
1 DP 534370 RT 901673
RT 901674
I N F O R M AT I O N M E M O R A N D U M
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Proposed S Lot 1 DP 63642 & Proposed Lot 1 Sh
FOR RESOU
No. REVISION (DESCRIPTIONS) F AM-AQ & Lot 13 added/AG & removed G AM-AQ removed & Lot 14 ad H Lot 5 amended SURVEYED DESIGNED DRAWN
DATE
ORIGIN
12/04/2022 DRAWING NO.
46541-DR
GALLERY
16
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GALLERY
18
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LISA HOPEWELL R E S I D E N T I A L , L I F E S T Y L E & W AT E R F R O N T S P E C I A L I S T
Lisa is delighted to have joined New Zealand Sotheby’s International Realty and bought with her 19 years solid experience, focused solely on the Waiheke Island real estate market. With her Personal Assistant Shakila Bell, there is a seamless synergy and constant information flow. Her skills have been honed through several market cycles and she’s not surprised by market shifts. Every property is unique and Waiheke certainly has its share of variety, whether an original bach or sublime beachfront property, her focus is vendor orientated and her attention to detail, communication and bespoke marketing is her signature. The trust that develops with clients is paramount to Lisa and her team, and her personal integrity is aligned to the service she extends to all vendors and purchasers. Client expectations met and exceeded are the benchmark of her success. Lisa loves what she does, the people she meets and the stunningly beautiful island she calls home.
LISA HOPEWELL +64 27 451 8887 lisa.hopewell@nzsir.com
I N F O R M AT I O N M E M O R A N D U M
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PENE MILNE LICENSED AGENT
Pene Milne joined New Zealand Sotheby’s International Realty as a Sales Associate in 2015 following the acquisition of Milne & Co Real Estate to New Zealand Sotheby’s International Realty. Selling property since 2001 and with relationships that extend across Auckland City and beyond, she has a strong focus on high end property through the central suburbs of Herne Bay, St Marys Bay, Freemans Bay, Westmere and Grey Lynn, Remuera and Parnell, along with luxury apartments in the city. Having lived in Remuera and Newmarket areas since 2000, Pene understands the nuances of Auckland’s tightly held suburbs, and how each requires a personalised individual approach. A talent for matching buyers, Pene understands the local markets intimately and can often bring a value added result from her extensive networks. Well known and regarded in the market place, Pene was appointed in 2015 as one of the judges for the New Zealand National Auctioneering Championships, a reflection of her credibility and expertise in Auctions, and across an industry that is typically highly competitive. With every home a privilege to sell and work for each owner, it is this approach that is critical to her success, treating every detail with care. Waterfront homes and suburbs are of special interest, and she brings a wealth of effectiveness to achieving those results.
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There is significant depth of knowledge and experience from being a Licensed Agent, having been a business owner with offices based in Herne Bay since 2008. Having sold her business to New Zealand Sotheby’s International Realty in 2015, the merging of her brand enabled a powerful combination of a bespoke local agent with the global reach that is unsurpassed in New Zealand. Outside of business, Pene is currently the Chairperson of Leukaemia Blood Cancer New Zealand, having been a director on the board since 2011.
PENE MILNE +64 21 919 940 pene.milne@nzsir.com
Anti-Money Laundering (Anti-Money Laundering and Countering Financing of Terrorism Act 2009)
Proving your identity when buying or selling a house
Anti-Money Laundering (Anti-Money Laundering and Countering Financing of Terrorism Act 2009)
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.
From 1 January 2019, real estate agents are required to verify the identity of their vendor accordance with Anti-Money Laundering legislation. In some situations, real estate agen also be required to verify the identity of purchasers. If your real estate agent cannot verif 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 where parties reside overseas.
The below gives an indication of some of the documents your real estate agent may ask to present in person or as a certified document as part of this process:
Individuals: Passport, NZ Firearms Licence or NZ Drivers Licence with a document such as a bank statement or statement issued b Government agency. You will also need to provide a docum your residential address (for example, a utility bill).
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.
Trusts: The Trust Deed and, for all trustees and settlors, the infor required for individuals as noted above, together with info regarding the Trust’s source of funds or wealth. Additiona information may also be required for beneficiaries and ap
Companies: Details of the company, together with the information for individuals noted above for every individual with more tha shareholding, all individuals with effective control of the c and all individuals acting on behalf of the company. Inform 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. New Zealand Sotheby’s International Realty (NZSIR) 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. NZSIR recommends you seek independent legal advice if you are unsure of your legal position.
Each Office Is Independently Owned and Operated. Browns Real Estate Limited (licensed under the REAA 2008) MREINZ.
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. New Zealand Sotheby’s
I N F O R M AT I O N M E M O R A N D U M
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Each Office Is Independently Owned And Operated. Browns Real Estate Limited (Licensed Under The REAA 2008) MREINZ.