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708

Club

No.1 Hansen Road

Queenstown, New Zealand

Product Type

Property Loan

Interest Rate

12% p.a

Payment

Monthly

Max LVR

75%

Hansen Road Investment Opportunity - Fixed Interest
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Sophisticated Investors

To be considered for this investment product; applicants must supply evidence they qualify as a Sophisticated Investor

Hansen Road Secured Property Loan 12% Fixed Interest Investment
Hansen Road Investment - Car Storage Locker

Stage 1

Subdivision of the lots and ‘The Carparks at No.1’ form the first stage of this exciting and thriving hub.

161 car parks and lifestyle lockers will span across a bespoke 3-level building, architecturally designed by Mason and Wales.

 

Each car space provides an additional lockable lifestyle locker for the storage of bicycles, and sporting or recreational equipment such as golf clubs and skis.

Presales

No other facility of this nature exists in this part of Queenstown, which is demonstrated through exceptional pre-sale demand.

To date, 56 car parks on level 1, and 3 campervan parks on the ground floor have been offered for sale.

All 59 have been pre-sold and deposits of 10% received.  Settlements are expected to take place in July 2023.

Project Progression

2023 Onwards
Future stages of approved residential, retail, and commercial development
PC Carpark

Practical completion of carpark building

Settlement of carpark sales

Investment Open

New loan now open to investors

Proceeds used to support working capital during carpark construction

Carpark building construction commencement

Loan maturity
Initial investor loan reached maturity – Investors repaid in full
Carpark Construction
Carpark construction financing secured for ~NZD$27m
Infrastructure and siteworks
Infrastructure and siteworks commenced
Fixed Price Cont
Fixed price contract with CMP Construction secured Carpark pre-sales exhausted. All spaces offered pre-sold and 10% deposits received
Construction RC
Construction Resource Consent granted by QLDC
Subdivision
Subdivision into 15 lots granted by Queenstown Lakes District Council (QLDC)
Initial
Initial investor loan facility opened. Proceeds used to facilitate subdivision and earthworks
2023 Onward
July 2023
October 2022
September 2022
August 2022
July 2022
June 2022
April 2021
October 2021
September 2021

Get started and join hundreds of investors who choose to partner with Gleneagle

CMP Construction offer over 30 years’ experience as a successful Auckland construction company, specialising in large commercial and industrial developments.  

Learn More

To learn more about this investment opportunity, please get in touch.
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