11 / 60 Hallenstein Street, Queenstown

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1 11 / 60 Hallenstein Street, Queenstown High Yeild With Lake Views $1,695, FEATURES Open plan living with views to lake and surrounding mountains. Five bedrooms all with ensuits. Master bedroom with walk in wardrobe. Multiple outdoor areas. Gas fireplace, underfloor heating, HRV ventilation system. Consented for short term holiday accommodation. Price $1,695,000+GST Inter net Contact Deni Bevin Shaun Casey The Property Specialists Ltd Licensed Agent REAA 2008

2 ! Summary 11/60 Hallenstein Street, Queenstown Living areas: Bedrooms: Bathrooms: Garaging: One Five Five One Floor Area: 191 Age: Built Heating: oinfo n Rates: Electric plus gas fire and HRV system, underfloor second level. $ QLDC and ORC per annum Body Corporate: $7, Price: $1,695,000+GST Remarks: Currently Rented as a short term holiday home for $ per night. Link to air B&B listing Please note: All potential purchasers receiving this information are hereby advised and recommended to seek their own independent professional advice; including obtaining their own LIM report, a Building Report, legal advice, independent rental advice, Title advice, or any other relevant matters, prior to committing to purchase the property. Further building information on the property can be found on One Agency The Property Specialists Ltd - Licensed Agents REAA 2008

3 11/60 HALLENSTEIN STREET QUEENSTOWN Sale Tenure: Purchase Relationship: Freehold Market Level - Bonafide Rating Valuations: $1,100,000 Land Value: $580,000 Improvements Value: $520,000 Valuation Date: Valuation Address: 01-Jul-2017 Valuation Reference: 29105/27401K Legal Description: TA Name: Tenure: Floor Area: 191 m 2 Land Area: 11/60 HALLENSTEIN STREET QUEENSTOWN UNIT 11 DP AU11A-11D ON LOT 1 DP Queenstown Lakes District Not Applicable or Extension n/a Bedrooms: 3-4 Building Age: Category: Residential, OYO, 2000/2009, average (RF) Wall Material: Roof Material: Contour: Deck: Parking Freestanding: Parking Main Roof: 1 Land Use: Zoning: Mixed Material / GOOD Steel / G-Iron / GOOD Level Y 1 car Single Unit excluding Bach Residential (9B) Certificate Of Title: Comments: (Unit) Add comment Report created on March 2nd, 2018 MarketWatch History Date Activity Price Detail Agency Contact Agent 16-Feb-15 Withdrawn Ray White Queenstown (Wakatipu Realty Group Ltd), Licensed Agent (REAA 2008) Sarah Mare

4 Queenstown Rating Information Details Property Details Valuation Number: K Location: Hallenstein Street QUEENSTOWN 9300 Legal Description: UNIT 11 DP AU11A-11D ON LOT 1 DP Certificate Of Title , , Nature Of Improvements: OI UNIT Visitor Accommodation Code: CA Value Type Value Land Value* Capital Value* Improvement Val QV Land Area 0 Refe Reference Description(basis) Factor Rate Amount Recreation & Events Chge Accom $ General Rate Accommodation $ Roading Accomm Wakatipu $ Stormwater Accom Wakatipu $ Tourism Promotion Accom Wak $ Governance & Reg Chg Accomm $ Governance Accomodation $ Recreation Accommodation $ Regulatory Accommodation $ Sewerage Queenstown $ Water Queenstown Accommodation $ Water Queenstown Annual Charge $ Waste Management Charge $ Uniform Annual General Charge $80.00 Total Rates $5, rence

5 Otago Rating Information Rating Details for 60 11/ Hallenstein St Valuation Reference 29105/27401K Assessment Number The information provided is for Otago Regional Council rating purposes, for information relating to Territorial Local Authority rates please contact the appropriate City or District Council. The "annual rates" shown on this page are for rates levied for the period 1 July 2017 to 30 June The figure displayed does not necessarily represent rates outstanding. Otago Regional Council rates are levied in one annual instalment, with payment due 31st October. Property Address Rating Authority 60 11/ Hallenstein St Queenstown Lakes District Legal Description Unit 11 DP AU11A-11D on Lot 1 DP Land Area 0 ha Land Value 170,000 Improvements Value 520,000 Certificate of Title 0/0/ Capital Value 690,000 Annual Rates $ Please customer services at customerservices@orc.govt.nz to request the cancellation of any direct debit on the property. A notification will be sent to confirm that the direct debit has been cancelled. Disclaimer This rating information is provided under section 27 of the Local Government (Rating) Act The information provided on this site is for rating purposes only. While the Otago Regional Council makes every effort to ensure that the information provided is correct, Council takes no responsibility for incorrect or misused information. Otago Regional Council of 1 27/02/18, 2:34 PM

6 Comparative Market Analysis 28 February 2018 Sold Nearby The Real Estate Agents Act requires any recommendation to be supported by an analysis of sold properties that are deemed comparable. These sold comparable properties have been selected based on their geographical proximity, similarity of their attributes and time of sale. Sale Price $1,045,000 to $1,750,000 Median $1,360,000 Mean $1,373,000 On average, the properties listed Capital Value $950,000 to $1,745,000 Median $1,310,000 Mean $1,321,000 below have sold 3.82% above the current C.V. 28 Wynyard Crescent, Fernhill, Queenstown -Lakes Last Sold $1,360, Jan 18 Capital Value $1,310, Jul 17 Land Value $440, Jul 17 Land Use Land Area 604 m² Floor Area 347 m² Roof Steel/G-Iron Walls Roughcast, etc Building Age Older family style home 10 minutes drive from Central Queenstown, five bed, two of the bedrooms have ensuite, three bedrooms being serviced by Master bathroom. 7 Poole Lane, Queenstown, Queenstown -Lakes Last Sold $1,650, Jan 18 Capital Value $1,570, Jul 17 Land Value $640, Jul 17 Land Use Land Area 506 m² Floor Area 311 m² Roof Steel/G-Iron Walls Roughcast, etc Building Age Unknown Purpose-built rental property, although rather dated two of the bedrooms have nice views of the water, and an ensuite each. For other bedrooms serviced by Master bathroom. Limited parking. PREPARED BY: Deni Bevin & Shaun Casey 42 McChesney Road Arthurs Point Queenstown P: Deni M: Shaun deni@oaqueenstown.nz or shaun@oaqueenstown.nz Licensed Real Estate Agent REAA 2008

7 Comparative Market Analysis 28 February Fernhill Road, Fernhill, Queenstown -Lakes Last Sold $1,045, Jan 18 Capital Value $1,030, Jul 17 Land Value $550, Jul 17 Land Use Land Area 690 m² Floor Area 225 m² Roof Tile Profile Walls Fibre Cement Building Age Nineteen eighties.family home five bedrooms one with ensuite, four bedrooms serviced by Master bathroom. Nice outdoor areas have limited views of lake. 15 Olivers Place, Queenstown, Queenstown -Lakes Last Sold $1,750, Dec 17 Capital Value $1,745, Jul 17 Land Value $570, Jul 17 Land Use Land Area 637 m² Floor Area 330 m² Roof Steel/G-Iron Walls Mixed Material Building Age Semi refurbished family home eight minutes drive from Central Queenstown, four bedroom three bathroom, Limited outdoor areas. 189 Fernhill Road, Fernhill, Queenstown -Lakes Last Sold $1,060, Dec 17 Capital Value $950, Jul 17 Land Value $470, Jul 17 Land Use Residential Land Area 582 m² Floor Area 352 m² Roof Steel/G-Iron Walls Brick Building Age PREPARED BY: Deni Bevin & Shaun Casey 42 McChesney Road Arthurs Point Queenstown P: Deni M: Shaun deni@oaqueenstown.nz or shaun@oaqueenstown.nz Licensed Real Estate Agent REAA 2008

8 Comparative Market Analysis 28 February 2018 Queenstown - Statistics Number of Sales Last 3 Months Last 6 Months Last 12 Months Number of Sales Percentage of Queenstown's Properties Sold 1.25% 3.69% 5.84% Sale Performance January 2018 January 2017 Median Days To Sell Median Valuation $963,889 Median List Price $992,000 Median Sale Price $795,000 $730,000 Sale Types in January 2018 QUEENSTOWN QUEENSTOWN-LAKES Number of Sales/Month in Queenstown and Queenstown-Lakes Sources: REINZ, Headway Systems Ltd., Custom Software Ltd. PREPARED BY: Deni Bevin & Shaun Casey 42 McChesney Road Arthurs Point Queenstown P: Deni M: Shaun deni@oaqueenstown.nz or shaun@oaqueenstown.nz Licensed Real Estate Agent REAA 2008

9 COMPUTER UNIT TITLE REGISTER UNDER LAND TRANSFER ACT 1952 Search Copy Identifier Land Registration District Otago Date Issued 06 June 2006 Prior References Estate Stratum in Freehold Legal Description Unit 11 and Accessory Unit 11A, 11B, 11C, 11D Deposited Plan Proprietors Hot Property Queenstown Limited Supplementary Record Sheet 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 Mortgage to Southland Building Society at 5:45 pm Search Copy Dated 1/03/18 9:04 am, Page 1 of 14

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16 SUPPLEMENTARY RECORD SHEET UNDER UNIT TITLES ACT 1972 Search Copy Otago Identifier Land Registration District Date Issued 06 June 2006 Plan Number DP Subdivision of Lot 1 Deposited Plan Prior References Unit Titles Issued Interests OWNERSHIP OF COMMON PROPERTY Pursuant to Section 47 Unit Titles Act (a) the body corporate owns the common property and (b) the owners of all the units are beneficially entitled to the common property as tenants in common in shares proportional to the ownership interest (or proposed ownership interest) in respect of their respective units. The above memorial has been added to Supplementary Record Sheets issued under the Unit Titles Act 1972 to give effect to Section 47 of the Unit Titles Act Appurtenant hereto is a right to drain water and sewage created by Easement Instrument at 9:00 am Subject to a right to convey and transform electricity in gross (includes rights to establish and maintain an electricity transformer and ancillary equipment) over part marked A on DP in favour of Aurora Energy Limited created by Easement Instrument at 9:00 am Change of rules of the Body Corporate at 9:00 am Notice of change of body corporate operational rules pursuant to Section 106 Unit Titles Act at 1:51 pm Search Copy Dated 1/03/18 9:04 am, Page 8 of 14

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