Club

No.1 Hansen Road

Queenstown, New Zealand

Product Type

Property Loan

Interest Rate

12% p.a

Payment

Monthly

Max LVR

75%

Summary

Terms

Project

Apply

Summary

No.1 Hansen Rd 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.

Sophisticated Investors

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

Learn More

Investment Terms

Interest Rate

12% p.a

Payment

Monthly

Max LVR

75%

Borrower	No. 1 Hansen Road Limited
The Property	The Borrower owns the property at No. 1 Hansen Road in Frankton, Queenstown, NZ, covering 3.4022ha in a prime location, close to Queenstown airport
Investment Loan	Bridging Loan to support working capital during the construction of a 3-level carpark
Interest	12% p.a., payable monthly
Loan Maturity	30^th September 2023
Max LVR	75%
Investment Close	7th October 2022
Minimum Investment	AUD$50,000 (open only to sophisticated investors within the meaning of section 708(8) of the Corporations Act)
Exit Strategy	Settlement of current sale contracts and/or refinance with senior investment
Loan Repayment	Early repayment allowed, subject a minimum 6-month interest period in the event of an early payout
Loan Security	2^nd Ranking Secured Loan Facility comprising an all asset charge over the Borrower, behind construction finance of up to NZD$27m
Product Code	HANS12P2209

Project Plan & Zoning

The property has been successfully approved for subdivision into 15 lots.

The spatial layout plan enables future 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:

3,750m²

for Residential Buildings

for Commercial Buildings

for a 3-Storey Car Storage Building

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

Apply Now

Individual

Joint

Company

Trust

SMSF

Start Application

Individual
Joint
Company
Trust
SMSF

Individual Application

You

You’ll need to supply some details about yourself.
If we are unable to electronically verify your identity, you will also be asked to supply two forms of identification:

Photo ID

Current driver’s license, passport or national ID card

Proof of Address

Utility bill or bank statement from the last 3 months

Joint Application

You and Another Applicant

You’ll need to provide details about yourself and the other applicant. If we are unable to electronically verify your identities, you will each be asked to supply two forms of identification:

Photo ID

Current driver’s license, passport or national ID card

Proof of Address

Utility bill or bank statement from the last 3 months

Company Application

The Company

You’ll need to provide details about the Company. We’ll reference the information you provide against an ASIC extract to validate the identity.

Directors and UBOs

As part of your application, you will be asked to supply some details about the Directors and Beneficial Owners. If we are unable to electronically verify their identities, you will also be asked to supply two forms of identification for each applicant:

Photo ID

Current driver’s license, passport or national ID card

Proof of Address

Utility bill or bank statement from the last 3 months

Trust Application

The Trust

You’ll need to provide details about the Trust. If the Trust type is unregulated, or if we are unable to electronically verify the identity, you will also be asked to supply:

Copy of the Trust Deed

This must be certified by a Justice of the Peace

UBOs and Individual Trustees

You’ll need to provide details about the Ultimate Beneficial Owners (UBOs) and Trustee(s).
If we are unable to electronically verify their identities, you will also be asked to supply two forms of identification for each applicant:

Photo ID

Current driver’s license, passport or national ID card

Proof of Address

Utility bill or bank statement from the last 3 months

Settlor of the Trust

At the time the trust was established, did the Settlor of the Trust make a material asset contribution to the trust of more than $10,000? If yes, you will be asked to supply details about this person. If we are unable to electronically verify their identity, they must supply two forms of identification:

Photo ID

Current driver’s license, passport or national ID card

Proof of Address

Utility bill or bank statement from the last 3 months

Corporate Trustee

If the trustee is a private or public company, you will be asked to supply details about the company.

Self Managed Superannuation Fund (SMSF) Application

The SMSF

You’ll need to provide details about the SMSF. If we are unable to electronically verify the Fund’s identity, you will also be asked to supply:

Pages from the Trust Deed

Front cover page, Schedule page, Signature / Execution page

UBOs and Individual Trustees

You’ll need to provide details about the Ultimate Beneficial Owners (UBOs) and Trustee(s). If we are unable to electronically verify their identities, you will also be asked to supply two forms of identification for each applicant:

Photo ID

Current driver’s license, passport or national ID card

Proof of Address

Utility bill or bank statement from the last 3 months

Corporate Trustee

If the trustee is a private or public company, you will be asked to supply details about the company.

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.

First Name

Last Name

Phone

Message

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 Rd presents over 34,000m2 of prime vacant land in Queenstown NZ, set against the backdrop of the beautiful Remarkable Mountains.

Sophisticated Investors

Investment Terms

Interest Rate

12% p.a

Payment

Monthly

Max LVR

75%

Project Plan & Zoning

The property has been successfully approved for subdivision into 15 lots.

Stage 1

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

Presales

Project Progression

2023 Onwards

PC Carpark

Investment Open

Loan maturity

Carpark Construction

Infrastructure and siteworks

Fixed Price Cont

Construction RC

Subdivision

Initial

Apply Now

Individual Application

You

Joint Application

You and Another Applicant

Company Application

The Company

Directors and UBOs

Trust Application

The Trust

UBOs and Individual Trustees

Settlor of the Trust

Corporate Trustee

Self Managed Superannuation Fund (SMSF) Application

The SMSF

UBOs and Individual Trustees

Corporate Trustee

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

Learn More

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

Never Miss an Opportunity

Receive the Latest

Sorry, this opportunity is now closed

No.1 Hansen Rd presents over 34,000m² of prime vacant land in Queenstown NZ, set against the backdrop of the beautiful Remarkable Mountains.