3 / 8 Lake Esplanade, Queenstown - Your Agents
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3 / 8 Lake Esplanade, Queenstown
A stone's throw from the waters edge and mere minutes from town! This tidy apartment is
3 3 1 well laid out over 3 levels. The ground floor houses a large family room plus bathroom.
Front and Central Main living/kitchen/dining occupies the entire middle level with epic views from the front
balcony. An enclosed rear courtyard, laundry and guest toilet are also part of this middle
Negotiation
level. Up top there are 2 generous bedrooms and accompanying bathrooms. Outside
features 2 off street parks in tandem plus a storage unit for winter gear. Run as short term
accommodation this price is plus GST if any (zero rated). You are also able to have full
access as an owner, pending a notice period. The instructions from the Vendors are clear
here, “bring us market level offers, we are on the move!”
Internet www.oad.nz/RX1802873
Contact Deni Bevin 021 220 7669
The Property Specialists Ltd | Licensed Agent REAA 2008
The Property Specialists Ltd | Licensed Agent REAA 2008
3/8 LAKE ESPLANADE, QUEENSTOWN
Bedrooms: 3
Bathrooms: 3
Car Parking: 2 off-street/tandem
Floor Area: 118m² more or less
Land Area: Unit title
Age: 1980
Heating: Electric wall heaters
Chattels: Fully furnished apartment, washing machine, dryer,
dishwasher, curtains/blinds, fixed floor coverings etc.
See full chattels list.
Rates: QLDC $4,433.00 / ORC $191.05 per annum
Body Corporate: $3,840.00 per annum
Price: By Negotiation
Remarks: Amazing multi-level, 3 bedroom, 3 bathroom unit in the
heart of Queenstown with outstanding views.
Please note:
All potential purchasers receiving this information are hereby advised and recommended to
seek their own independent professional advice; including obtaining their own LIM report, a
Building Report, legal advice, independent rental advice, Title advice , or any other relevant
matters, prior to committing to purchase the property. Further building information on the
property can be found on https://edocs.qldc.govt.nz/
8 LAKE ESPLANADE QUEENSTOWN
Last Official Sale Price: $430,000
Last Official Sale Date: 28-Jul-2009
Last Official Sale Type: Whole. One property involved
Sale Tenure: Freehold
Purchase Relationship: Market Level - Bonafide
Net Sale Price: $410,000
Chattels: $20,000
Rating Valuations: $860,000
Land Value: $550,000
Improvements Value: $310,000
Valuation Date: 01-Jul-2017
Valuation Address: 8 LAKE ESPLANADE QUEENSTOWN
Valuation Reference: 29106/57700C
Legal Description: PUC DP 19374B ON LOT 2 DP 10473
BLK XXVII QUEENSTOWN TN
TA Name: Queenstown Lakes District
Tenure: Not Applicable or Extension
Floor Area: 118 m2
Land Area: n/a
Bedrooms: 2-3
Building Age: 1980 - 1989
Category: Commercial, Accomodation, Provincial,
average (CA)
Wall Material: Roughcast, etc / AVERAGE
Roof Material: Steel / G-Iron / AVERAGE
Contour:
Deck:
Parking Freestanding: 1 car
Parking Main Roof: 0
Land Use: Public Communal - Unlicensed
Zoning: Residential (9B)
Owners: Rustic Road Limited
Certificate Of Title: OT10B/470 (Supplementary Record Sheet)
OT10B/467 (Unit)
Comments: Add comment
Report created on February 8th, 2019
The map is an approximate representation only and must not be used to determine the location or size of items shown, or to identify legal boundaries. To the extent permitted by law, the Queenstown Lakes District Council,
their employees, agents and contractors will not be liable for any costs, damages or loss suffered as a result of the data or plan, and no warranty of any kind is given as to the accuracy or completeness of the information
represented by the GIS data. While reasonable use is permitted and encouraged, all data is copyright reserved by Queenstown Lakes District Council. Cadastral information derived from Land Information New Zealand.
CROWN COPYRIGHT RESERVED
13 March 2019
0 6 12 18 24
Metres ¯
Rating Information Details
Property Details
Valuation Number: 2910657700C
Location: 8 Lake Esplanade QUEENSTOWN 9300
PUC DP 19374B ON LOT 2 DP 10473 BLK XXVI I
Legal Description:
QUEENSTOWN TN
Certificate Of Title OT10B/467
Nature Of Improvements: OI UNIT
Owner with Address
Valuation
Value Type Value
Land Value* 550000
Capital Value* 860000
Improvement Val 310000
QV Land Area 0
Your results have been limited.
This Years Rates
Reference Description(basis) Factor Rate Amount
2413511 Recreation & Events Chge Accom 1 728.00 $728.00
2413512 General Rate Accommodation 860000 0.0042 $36.12
2413513 Roading Accomm Wakatipu 860000 0.0870 $748.20
2413514 Stormwater Accom Wakatipu 860000 0.0086 $73.96
2413515 Tourism Promotion Accom Wak 860000 0.0731 $628.66
2413516 Governance & Reg Chg Accomm 1 106.00 $106.00
2413517 Governance Accomodation 860000 0.0110 $94.60
2413518 Recreation Accommodation 860000 0.0536 $460.96
2413519 Regulatory Accommodation 860000 0.0192 $165.12
2413520 Sewerage Queenstown 1 646.00 $646.00
2413521 Water Queenstown Accommodation 860000 0.0333 $286.38
2413522 Water Queenstown Annual Charge 1 260.00 $260.00
2413523 Waste Management Charge 1 125.00 $125.00
2413524 Uniform Annual General Charge 1 74.00 $74.00
Total Rates $4,433.00
2/8/2019 Otago Rating Information
Rating Details for 8 Lake Esp
Valuation Reference 29106/57700C
Assessment Number 969
Property Address 8 Lake Esp
The information provided is for
Otago Regional Council rating
Rating Authority Queenstown Lakes District
purposes, for information relating PUC DP 19374B ON LOT 2 DP 10473 BLK XXVII
to Territorial Local Authority rates Legal Description
QUEENSTOWN TN
please contact the appropriate
City or District Council. Land Area 0 ha
The "annual rates" shown on this Land Value 550,000
page are for rates levied for the
period 1 July 2018 to 30 June Improvements Value 310,000
2019.
Certificate of Title OT/10B/467
The figure displayed does not
Capital Value 860,000
necessarily represent rates
outstanding. Annual Rates $191.05
Otago Regional Council rates are
levied in one annual instalment,
with payment due 31st October Please email the rates team at Rates.Queries@orc.govt.nz to request the cancellation
unless you have a triannual direct of any direct debit on the property. A notification email will be set to confirm that the
debit set up. direct debit has been cancelled.
Disclaimer
This rating information is provided under section 27 of the Local Government (Rating)
Act 2002.
The information provided on this site is for rating purposes only. While the Otago
Regional Council makes every effort to ensure that the information provided is correct,
Council takes no responsibility for incorrect or misused information.
Otago Regional Council - 0800 474 082
http://rates.orc.govt.nz/detail.php?u=1549580209&property_id=969&context= 1/1
RECORD OF TITLE
UNDER LAND TRANSFER ACT 2017
UNIT TITLE
Search Copy
Identifier OT10B/467
Land Registration District Otago
Date Issued 04 July 1985
Prior References Supplementary Record Sheet
OT10B/386 OT10B/470
Estate Stratum in Freehold
Legal Description Unit C Deposited Plan 19374
Registered Owners
Rustic Road Limited
The above estates are subject to the reservations, restrictions, encumbrances, liens and interests noted below and on the
relevant unit plan and supplementary record sheet
8280582.2 Mortgage to ANZ National Bank Limited - 11.9.2009 at 1:46 pm
Transaction Id Search Copy Dated 8/02/19 11:46 am, Page 1 of 4
Client Reference kwindsor002 Register Only
Identifier OT10B/467 Transaction Id Search Copy Dated 8/02/19 11:46 am, Page 2 of 4 Client Reference kwindsor002 Register Only
Identifier OT10B/467
SUPPLEMENTARY RECORD SHEET
UNDER UNIT TITLES ACT 1972
Search Copy
Identifier OT10B/470
Land Registration District Otago
Date Issued 04 July 1985
Plan Number DP 19374
Subdivision of
Lot 2 Deposited Plan 10473 and Part Section 19 Block XXVII Town of Queenstown
Prior References
OT10B/386
Unit Titles Issued
OT10B/465 OT10B/466 OT10B/467 OT10B/468
OT10B/469 OT10C/971 OT10C/973 OT10C/974
OT10C/975 OT10C/976 OT11A/992 OT11A/993
OT11A/994 OT11A/995 OT18A/513
Interests
OWNERSHIP OF COMMON PROPERTY
Pursuant to Section 47 Unit Titles Act 2010 -
(a) the body corporate owns the common property and
(b) the owners of all the units are beneficially entitled to the common property as tenants in common in shares
proportional to the ownership interest (or proposed ownership interest) in respect of their respective units.
The above memorial has been added to Supplementary Record Sheets issued under the Unit Titles Act 1972 to give effect to
Section 47 of the Unit Titles Act 2010.
Appurtenant to part Section 19 is a right of way over Lot 1 DP 9793 (CT OTA1/1044) shown coloured yellow on DP 9793
created by Transfer 231712 - 10.4.1961 at 2.24 pm
Subject to a right of way over part Section 19 marked A on the diagram annexed to Transfer 589629.1 appurtenant to
Section 18 Block XXVII Town of Queenstown (CT OT316/96) created by Transfer 589629.1 - 7.2.1983 at 12.02 pm
The right of way created by Transfer 589629.1 is subject to the Council's conditions of consent endorsed on the diagram
annexed to the said Transfer
9267334.1 Notice of change of body corporate operational rules pursuant to Section 106 Unit Titles Act 2010 - 13.12.2012
at 12:06 pm
Transaction Id Search Copy Dated 8/02/19 11:46 am, Page 3 of 4
Client Reference kwindsor002 Register OnlyIdentifier OT10B/467 Transaction Id Search Copy Dated 8/02/19 11:46 am, Page 4 of 4 Client Reference kwindsor002 Register Only
! ATTENTION PROVING YOUR IDENTITY
From 1 July 2018, lawyers and conveyancers are required to verify the identity1 of their
clients in accordance with anti-money laundering legislation. If your lawyer cannot verify
your identity in line with the legislation, they will not be able to act for you. If your lawyer
cannot act for you, you may not be able to satisfy the conditions of your property purchase
and will not be able to settle your property purchase or sale.
As identity verification can take days and sometimes weeks if a trust or company is
involved, we strongly recommend that you contact your lawyer as soon as possible to
have your identity verification completed.
The below gives an indication of some the documents your lawyer may ask you to present
in person or as a certified document as part of this process:
Individuals:
Passport, NZ Firearms Licence or NZ Driver Licence with another
document such as a bank statement or statement issued by a
Government agency. You will also need to provide a document with
your residential address (for example, a utility bill).
Trusts:
The Trust Deed and, for all trustees and settlors, the information
required for individuals as noted above, together with information
regarding the Trust’s source of funds or wealth. Additional information
may also be required for beneficiaries and appointers.
Companies:
Details of the company, together with the information for individuals
noted above for every individual with more than a 25% shareholding,
all individuals with effective control of the company and all individuals
acting on behalf of the company. Information regarding source of
funds or wealth may also be required.
Note: The above list is not exhaustive and is indicative only. Your lawyer will assist you with the
specific requirements in relation to your situation.
DISCLAIMER: The material and information contained herein is for general information purposes only and is not
intended to form professional legal advice. REINZ does not accept liability for any claim or other action that may arise
directly or indirectly from the use of or reliance on the material and information provided herein. REINZ recommends
you seek independent legal advice if you are unsure of your legal position.
1 Lawyers are required to complete a “Customer Due Diligence” process in accordance
with the Anti-Money Laundering and Countering Financing of Terrorism Act 2009Form 18
Pre-contract disclosure statement
Section 146, Unit Titles Act 2010
Unit plan: DP 19374B
Body Corporate 19374B The Lodges
Number: 8 Lake Esplanade, Queenstown, New Zealand
Unit Number: 3 (Rustic Road Ltd – Sue Hickey)
Pre-contract disclosure statement
1 This pre-contract disclosure statement is provided to prospective buyers of
the property in accordance with section 146(1) of the Unit Titles Act 2010.
General information
2 Further information on buying, selling a unit and living in a unit title
development can be obtained by:
reading the publication “A quick guide to unit title developments”,
which is available on the Department of Building and Housing’s
website: www.dbh.govt.nz/unit-titles
contacting the Department of Building and Housing contact centre
can answer questions on unit titles: 0800 UNIT TITLES
You are strongly advised to obtain independent legal advice regarding any
questions or concerns you have about purchasing a unit or your
prospective rights and obligations as a member of a body corporate.
Unit title property ownership. Unit titles are a common form of multi-unit
property ownership. They allow owners to privately own an area of land or
part of a building and share common property with other unit owners. Unit
title developments may also be structured in varied ways including staged
unit title developments and layered unit title developments.
This combination of individual and shared ownership of land and
buildings, often in an intensive built environment, means owning a unit
title involves a different set of rights and responsibilities than traditional
house and land ownership.
Unit title developments have a body corporate management structure to
ensure decisions affecting the development can be made jointly by the unit
owners. The creation and management of unit title developments is
governed by the Unit Titles Act 2010 and supporting regulations.
1Unit plan. Every unit title development has a unit plan, which shows the
location of the principal units as well as any accessory units and common
property in the development. The unit plan is the formal record of all the
boundaries of the units, and the common property.
Ownership and utility interests. Each unit is allocated an ownership
interest and a utility interest, and such interests are relevant to the
determination of many of the unit owner’s rights and responsibilities under
the Unit Titles Act 2010.
Ownership interest is a number that reflects the relative value of each unit
to the other units in the development and is used to determine a range of
matters including the unit owners’ beneficial share in the common property
and share in the underlying land if the unit plan is cancelled.
By default, the utility interest of a unit is the same as the ownership interest
(unless it is otherwise specified on the deposit of the unit plan or
subsequently changed) and is used to calculate how much each owner
contributes to the operational costs of the body corporate.
Body corporate operational rules. Attached to this document is a copy of
the current Operational Rules for The Lodges Body Corporate.
Pre-settlement disclosure statement. Before settlement of the sale of a unit,
the seller must provide a pre-settlement disclosure statement to the
purchaser, which includes information on:
the unit number and body corporate number
the amount of the contribution levied by the body corporate for that unit
the period covered by the contribution
how the levy is to be paid
the date on or before which the levy must be paid
whether any amount of the levy is currently unpaid and, if so, how
much
whether legal proceedings have commenced in respect of any unpaid
levy
whether any metered charges (i.e. for water) are unpaid and, if so, how
much
whether any costs relating to repairs to building elements or
infrastructure contained in the unit are unpaid and, if so, how much
the rate of interest accruing on any unpaid amounts
whether there are any legal proceedings pending against the body
corporate
whether there have been any changes to the body corporate rules.
There are legal consequences on the seller for failing to provide the pre-
settlement disclosure in the timeframes required by the Unit Titles Act
2010 including delay of settlement and cancellation of the contract.
2Additional disclosure statement. The buyer of a unit can request an
additional disclosure statement at any time before whichever of these dates
occurs first:
the close of the fifth working day after they enter into the sale and
purchase agreement
the close of the tenth working day before settlement of the unit.
The seller has five working days to provide the additional disclosure
statement.
The additional disclosure statement contains more information about the
unit title development and the operation of the body corporate. It must
include:
contact details of the body corporate and committee (if there is one)
the balance of every fund or bank account held by the body corporate at
the date of the last financial statement
amounts due to be paid by the body corporate
details of regular expenses that are incurred once a year
amounts owed to the body corporate
details of every current insurance policy held by the body corporate
details of every current contract entered into by the body corporate
information about any lease of the underlying land (if the development
is leasehold)
the text of motions voted on at the last general meeting, and whether
those motions were passed
any changes to the default body corporate operational rules
a summary of the long-term maintenance plan.
The seller may require the buyer to meet the reasonable cost of providing
the additional disclosure statement. An estimate of that cost is set out in
paragraph 9 below.
There are legal consequences on the seller for failing to provide the
additional disclosure in the timeframes required by the Unit Titles Act
2010 including delay of settlement and cancellation of the contract.
Computer register. Previously known as a certificate of title, for a unit title
development this document records the ownership of a unit, contains a
legal description of the unit boundaries and records any legal interest
which is registered against the title to the unit (for example a mortgage or
easement). A copy of the computer register for a unit should come with:
the unit plan attached. Unit title plans were discussed earlier in this
section.
3 a supplementary record sheet attached. A supplementary record sheet
records the ownership of the common property, any legal interests
registered against the common property or base land, and other
information such as the address for service of the body corporate and
the body corporate operational rules.
The common property in a unit title development does not have a computer
register.
Land Information Memorandum. A land information memorandum (LIM)
is a report which provides information held by the local council about a
particular property. You must order and pay for a LIM from the applicable
local council. Delivery times vary between councils. The information
contained in a LIM will vary between councils, but is likely to include
details on:
rates information on private and public storm water and sewerage drains
any consents, notices, orders or requisitions affecting the land or
buildings
District Plan classifications that relate to the land or buildings
any special feature of the land the local council knows about including
the downhill movement, gradual sinking or wearing away of any land,
the falling of rock or earth, flooding of any type and possible
contamination or hazardous substances
any other information the local council deems relevant
Full details of what a local council is obliged to provide in a LIM is
contained in section 44A of the Local Government Official Information
and Meetings Act 1987.
Easements and covenants. An easement is a right given to a landowner
over another person’s property (for example, a right of way, or right to
drain water). A land covenant is an obligation contained in a deed between
two parties, usually relating to the use of one or both properties (for
example a covenant to restrict one party using their property in a certain
way).
Easements or covenants may apply to:
a unit and are usually recorded on the computer register for that unit.
common property and will be recorded on the supplementary record
sheet for the unit title development.
43 Further information about the matters set out above can be obtained from:
Unit title property ownership Department of Building and
Housing
www.dbh.govt.nz/unit-titles
0800 UNIT TITLES (0800 864 884)
Unit plan Land Information New Zealand
Ownership and utility interests www.linz.govt.nz
Computer register 0800 ONLINE (0800 665 463)
Easements and covenants
Body corporate operational rules The body corporate of the unit title
development:
Pre-settlement disclosure The Body Corporate Secretary,
statement and Cody & Co Ltd, C/- Shaun Cody
Shaun@codyandco.co.nz
Additional disclosure statement or phone 03 442 7769
Land Information Memorandum Queenstown Lakes District Council
For detailed information on any of the above matters relating to your
specific circumstances, the Department of Building and Housing
recommends you obtain independent legal advice from your lawyer.
5Information about the Unit 3, The Lodges
4 The amount of the contribution levied by the body corporate under section
121 of the Unit Titles Act 2010 in respect of the unit was $3,840.00.
5 The period covered by the contribution in paragraph 4 is 1 April 2018
through to 31 March 2019.
6 The levy was due by the 31st of July 2018.
7 A Long-Term Maintenance plan has been developed and is attached to this
document as per Section 220 of the Unit Titles Act 2010.
8 The body corporate has the following account:
SBS Current Account 03-1355-0462129-00 $46,747 in funds as at
31 March 2018.
SBS Term Deposit 7-1-648310 $81,682 in funds as at 31 March
2018.
9 Under section 148 of the Unit Titles Act 2010, a buyer may request an
additional disclosure statement before the settlement of an agreement for
sale and purchase of a unit. The buyer must pay to the seller all reasonable
costs incurred by the seller in providing the additional disclosure statement.
The estimated cost of providing an additional disclosure statement is
$500.00 + GST
10 The unit or the common property is not currently, and has never been, the
subject of a claim under the Weathertight Homes Resolution Services Act
2006 or any other civil proceedings relating to water penetration of the
buildings in the unit title development.
11 The Insurance Policy for The Lodges is held by Chubb Insurance New
Zealand Ltd (through Rothbury Insurance Brokers Central Otago) from
16/11/2018 to 16/11/2019.
12 The Ownership Interest for Unit 3 is 6.30%
Date: 18 February 2019
Signed:
Director
Shaun Cody
For: Cody & Co Ltd
Body Corporate Secretary, The Lodges 19374B
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