Mortgagee sale 41 hectare Queenstown lake facing site

FOR IMMEDIATE RELEASE

OUTSTANDING QUEENSTOWN MORTGAGEE SALE OPPORTUNITY

The mortgagee sale of a prime 41 hectare Queenstown lake facing site at Bob’s Cove is expected to attract widespread international interest due to the outstanding alpine location and potential opportunities for the property.

Warwick Osborne of Harcourts Queenstown says the Bob’s Cove property, located on the Glenorchy Road 12 kms from Queenstown, is being sold on behalf of the New Zealand Guardian Trust.

The deadline sale closes on April 15 2011.

Consents are in place for the development of the 41.6 hectare site which consists of 21 titles.

“Fifteen rural residential house sites on the top side of Glenorchy Road have already been created by the original developers, Bob’s Cove Ltd, who planned a residential resort development to be known as Bob’s Cove Nature Reserve,” says Osborne. “A further 29 hectares on the Lake Wakatipu side of the road has six titles where there were originally plans for 89 lots with resort facilities and a nature reserve.”

Osborne says the location overlooking Lake Wakatipu, surrounded by native bush, and backdropped by the Remarkables Mountain range and other alpine landmarks is spectacular.

“Bob’s Cove has long been recognised for its exceptional scenic qualities and superb views and there is an excellent opportunity for astute investors to take advantage of this mortgagee sale. We consider it would appeal to a range of buyers including developers, property syndicates or individuals looking for an exclusive site to build a unique home.”

Osborne says it is rare for such a superior parcel of land, so close to Queenstown, to come on the market.

“Queenstown, with its international airport and upmarket resort town amenities, is easily accessible from Bob’s Cove which makes this property even more appealing. It is an extremely exciting opportunity.”

The sale deadline is set for 4.00pm April 15 2011 but prior offers will be considered.

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