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OWN YOUR OWN DREAM HOME - $250,000 for a quarter share (share can be varied) or one million (GST incl) if you purchase this property outright. ID: 4843, Property Views: 89433/18 Vancouver Drive, Queenstown, Central Otago
Own Your Own Dream Home in Queenstown, New Zealand! Can you imagine joining with family members or friends to become a co-owner of a piece of Queenstown’s prime real estate for you to enjoy holidays and have an excellent income from? Or you might want to become a co-owner with others unknown to you at this stage: the Rules already prepared will protect each co-owner. The legal work has been done for co-ownership! However, the property doesn’t have to be bought on this basis of co-ownership: you can buy it outright if you would prefer. Do you want any of these? · Increase your equity immediately · Base for holidays · High income stream (potential high yield) · Queenstown base for corporates · Capital gains prospects The townhouse. Being in The Commonage, this townhouse has stunning lake views. It is a near-finished 211 s.m stand alone townhouse with 3 double bedrooms, 3 bathrooms, 3 toilets. Open plan the townhouse is spread over 3 floors. The double garage has internal access. The section is one-third share of 908 s.m. The land alone for this townhouse has a December Registered Valuation of 525k! Uses. Potential for use as up-market holiday accommodation, corporate use or simply fun-filled holidays for you and your friends and family, this property has been appraised as having a potential nightly tariff of up to $700 per night (appraisals available). The vendors operate another highly successful holiday home in Queenstown and are willing to share their marketing methods, financial statements from their other business, etc. Their local Queenstown agent is available to assist you with operating this townhouse as up-market short-term accommodation. Do you want capital gains? We see excellent capital gains with this property in the immediate and long term. Not only is this property priced 150k less than the recent registered valuation, capital gains for Queenstown are highly likely if past performance is any indication. The Real Estate Institute website indicates that there has been an increase in the median sale price of properties in and around Queenstown of 608% between January 1992 and December 2005; an increase of 266% between December 2000 and December 2005; and a 213% increase between December 2001 and December 2005. Further, the fact that capital values in Queenstown have grown over 11% year on year, for over 12 years, makes this alpine resort an attractive investment for those looking to expand their portfolios. Price. $NZ250,000 (GST incl) for a quarter share (share can be varied) or one million (GST incl) if you purchase this property outright. Furniture/appliance package is extra. If sold on basis of tenants-in-common to 2, 3 or 4 co-owners, use will be governed by the Rules. Onsell your share, if you choose! This property is being sold for 150,000 less than the recent registered valuation of 1,150k. Check out valuer’s report, appraisals of tariffs, information on tenants-in-common, market trends in Queenstown, townhouse information, etc, at our website www.instonepropertyinvestments.co.nz Title to be issued in April/May 2006 approx ViewingView by appointment Contact Details
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