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.
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
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 | 30th 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 | 2nd 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:
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
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
Carpark Construction
Infrastructure and siteworks
Fixed Price Cont
Construction RC
Subdivision
Initial
Apply Now
Individual Application
You
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
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
Directors and UBOs
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
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
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
Pages from the Trust Deed
Front cover page, Schedule page, Signature / Execution page
UBOs and Individual Trustees
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.
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