The Porter Group, developers behind the established retail precinct at Remarkables Park and the trade / light industrial and business precinct at Shotover Park have just released details for further expansion at Shotover Park.
This latest announcement reaffirms the Porter Group’s vision for the area known as the Frankton Flats and dovetails into the already established Remarkables Park which comprises 150 hectares of fully zoned development.
The Purchase Opportunity- Shotover Park, Queenstown
» Strategically located off the main highway into Queenstown (State Highway 6).
» The lots offered are in a prime industrial/business park position, at the front of the well established and successful Frankton/Shotover Park existing industrial/business park developments.
» The subdivision will be accessed via a large new roundabout connecting to a new Eastern Access Road (to be re-named) which when completed will link to an extension of Glenda Drive and extend around the end of the proposed airport runway extension, to provide a high quality eastern arterial direct connection to the large Remarkables Park Zone and Town Centre. (See link below)
» Shotover Park’s geographically central location with the Wakatipu Basin ensures it is easily accessible to Queenstown, Arrowtown and the Gibbston Valley. As such it can conveniently serve the CBD, all existing suburbs and the town’s major developments at Remarkables Park, Kelvin Heights, Quail Rise, Lake Hayes, Millbrook, Kawarau Falls Station and Jack’s Point.
» All lots have underground utilities and connections for – telephone, power, sewerage and water.
» The lots being offered will have roadside landscaping and be subject to covenants aimed at maintaining a consistent level of quality in the development.
Pricing Schedule as at 19 October 2010.
| Lot # | Total m2 | $/m2 | Total (excluding GST) |
| 1 | 2,791 | 700 | 1,953,700 |
| 2 | 2,573a | 750 | 1,929,750 |
| 3 | 1,250 | 700 | 875,000 |
| 6 | 1,082 | 425 | 459,850 |
| 14 | 1,732 | 400 | 692,800 |
| 18 | 1225 | 495 | 606,375 |
| 59 | 1,850 | 425 | 786,250 |
| 60 | 2,005 | 425 | 852,125 |
| 61 | 2,000 | 425 | 850,000 |
| 62 | 2,000 | 425 | 850,000 |
| 64 | 845 | 450 | 380,250 |
Brief Summary of Sale Terms
» 5% deposit on signing on Sale & Purchase Agreement
» 10% (increasing the total deposit to 15%) payable on issue of resource consent
» Balance of purchase price payable on issue/transfer
or title
» GST to be paid 5 working days before the vendor
is required to pay, but no later
» Otherwise subject to terms of sale required by and acceptable to Shotover Park Limited
This latest release at Shotover Park justifies more than cursory consideration from business owners with an interest in Queenstown’s continued growing resident population.
