Australian Managed Funds Logo
Sophisticated Investor

Hansen Rd, Queenstown

Opportunity Fully Subscribed

12%

Per Annum Return

Interest Paid Monthly

Secured Property Loan

75% Max LVR

No.1 Hansen Rd presents over 34000m2 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 sits on the corner of Hansen Road and Frankton-Ladies Mile Hwy, being the main arterial roads connecting Queenstown to the Queenstown airport and surrounding ski fields.

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

~7,500m2 for Commercial Buildings

~4,000m2 for a 3-Storey Car Storage Building

Sophisticated Investors

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

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.

Pre-Sales

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.

Investment Terms

12%

Receive 12% per annum return on your investment

6 Months+

Minimum 6-month interest period in the event of an early payout

Paid Monthly

Interest paid to you monthly, with quarterly statements

Summary

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

Gleneagle Product Code

HANS12P2209

Access the Term Sheet

Gain instant access to the term sheet containing the Construction Schedule, Property Valuation and more.

By clicking submit, you agree to the terms of Share Prices’ & Australian Managed Funds’ Financial Services Guide and to be contacted, in accordance with the Privacy Policy.

Project Progression

September 2021

Initial investor loan facility opened. Proceeds used to facilitate subdivision and earthworks

October 2021

Subdivision into 15 lots granted by Queenstown Lakes District Council (QLDC)

April 2022

Construction Resource Consent granted by QLDC

June 2022

Fixed price contract with CMP Construction secured
Carpark pre-sales exhausted. All spaces offered pre-sold and 10% deposits received

July 2022

Infrastructure and siteworks commenced

August 2022

Carpark construction financing secured for ~NZD$27m

September 2022

Initial investor loan reached maturity – Investors repaid in full

Now

New loan facility now open to investors. Proceeds used to support working capital during carpark construction

October 2022

Carpark building construction commencement

July 2023

Practical completion of carpark building.
Settlement of carpark sales.

September 2023

New investor loans reach maturity.

2023 Onward

Future stages of approved residential, retail, and commercial development

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

This Product is Delivered by Gleneagle

Gleneagle is a Private Investment Bank, connecting individual investors to institutional resources.

Invest at the Source

Leverage Gleneagle’s relationships and buying power to gain access to the same investment vehicles used for their own bank capital.

Rigorous Due Diligence

Each deal is subject to extensive credit assessment, compliance, and underwriting conditions. Each year, only a select few meet Gleneagle's strict criteria.

Aligned Interests

All deals we facilitate and put forward to you are coinvested by Gleneagle, ensuring our interests are always aligned with yours.

$1.2B

Funds Under Management & Advice

108
Team Members
Globally
56,000 +
Clients
& Counting
≈ $ 4B +
Traded
Daily
Statistics relative to Gleneagle Securities (Aust) Pty Limited and its wholly owned subsidiaries

Learn More

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

By clicking submit, I agree to the terms of Share Prices' & Australian Managed Funds' Financial Services Guide and to be contacted, in accordance with the Privacy Policy.