No.1 Hansen Road
Queenstown, New Zealand
Product Type
Property Loan
Interest Rate
12% p.a
Payment
Monthly
Max LVR
75%
Summary
No.1 Hansen Road presents over 34,000m2 of prime vacant land in Queenstown NZ, set against the backdrop of the beautiful Remarkable Mountains.
Situated just 1.4 km from Queenstown Airport and a mere 12 minutes from Queenstown’s Centre, the site is ‘Local Shopping Centre Zoned’ as an appropriately located mixed-use centre that will provide for the community.
The property has been successfully approved for subdivision into 15 lots
The extreme shortage of worker accommodation in the Queenstown area is a well-known fact, with overcrowded rental properties, people living in cars, and hostel room rate cost escalation. Almost three quarters of Queenstown Lakes businesses have said the availability of staff accommodation is more than just a minor issue for their business*.
The spatial layout plan of the land at No.1 Hansen Road enables development to provide for a mix of residential, retail, offices, and car storage, which will provide for local residents and visitors, and assist with the economic viability of the area.
*Pulse check by Queenstown Business Chamber of Commerce, 30/31 January 2023, 82 respondents. Site plan indicative only
Sophisticated Investors
To be considered for this investment product; applicants must supply evidence they qualify as a Sophisticated Investor
Investment Terms
Interest Rate
12% p.a
Payment
Monthly
Max LVR
75%
Borrower | No. 1 Hansen Road Limited |
Property valuation | The property comprising 15 lots has been independently valued at ~$73.8m NZD, based on completion of the carpark building, including 2 upper floors of residential apartments, and the other subdivided lots as-is |
Investment Loan | Bridging Loan to support working capital during construction of Stage 2 (2 residential floors), and preliminary design and planning for Stage 3 |
Interest | 12% p.a., payable to investors monthly |
Loan Maturity | 30 September 2024 |
Max LVR | 75% |
Minimum Investment | AUD$50,000 (open only to sophisticated investors within the meaning of section 708(8) of the Corporations Act) |
Exit Strategy | Refinance with senior investment |
Loan Repayment | Early repayment allowed |
Loan Security | 2nd Ranking Secured Loan Facility comprising an all asset charge over the Borrower, behind land and construction finance of up to $40m NZD |
Product Code | HANS12P2309 |
Project Plan
Subdivision of the lots and ‘The Carparks at No.1’ (Lot 7)
Additional Residential Floors (Lot 7)
Worker Accommodation
Project Progression
