No.1 Hansen Road
Queenstown, New Zealand
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
To be considered for this investment product; applicants must supply evidence they qualify as a Sophisticated Investor
|No. 1 Hansen Road Limited|
|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|
|Bridging Loan to support working capital during construction of Stage 2 (2 residential floors), and preliminary design and planning for Stage 3|
|12% p.a., payable to investors monthly|
|30 September 2024|
|31 October 2023|
|AUD$50,000 (open only to sophisticated investors within the meaning of section 708(8) of the Corporations Act)|
|Refinance with senior investment|
|Early repayment allowed, subject to a minimum 6-month interest period in the event of an early payout|
|2nd Ranking Secured Loan Facility comprising an all asset charge over the Borrower, behind land and construction finance of up to $40m NZD|
Approval for Stage 3 anticipated to be issued
New loan facility now open to investors
New loan now open to investors
Proceeds used to support working capital during construction of Stage 2 (2 residential floors), and preliminary design and planning for Stage 3
Infrastructure and siteworks commenced
Fixed price contract with CMP Construction secured
Carpark pre-sales exhausted. All spaces offered pre-sold and 10% deposits received