Luxury apartments above the two Hilton Queenstown hotels are on the market for the first time.
The Kawarau Village Apartments – fitted out to five-star standard – were built next to the hotels, which opened a year ago.
They were constructed originally by Auckland developer Nigel McKenna, then by receivers KordaMentha after McKenna’s companies fell over in 2009.
The apartments have since been picked up by Auckland-based Kawarau Village Holdings, backed by Asian interests.
Kawarau Village Holdings has appointed Ray White Queenstown as its exclusive selling agents.
Ray White is releasing the first 14 apartments in the top two buildings at a launch on July 14.
Another 14 in the building directly behind Hilton Queenstown will be brought to market a little later.
The first 14 apartments range from two to six bedrooms, and are priced from $450,000 to $1.1 million.
Each is furnished right down to glassware, cutlery and bedding.
Renowned Auckland interior designer Stewart Harris handled the fit-out.
Ray White agent Cameron Reed says the apartments are “spacious, well-thought-out and unique designs with
very little replication of layout due to the configuration of the buildings”.
“They’re an absolute must-view for local, New Zealand or international buyers who I guarantee will be delighted with the quality of the build and the realistic market values that have been placed on them.”
Reed says the apartments are free of any management contract so buyers can live in or rent them out.
Each comes with at least one car park.
Some of the larger ones include a ski drying room, small office, media room and substantial deck.
A body corporate will be set up for each building, charging what Reed calls very realistic fees.
Ray White is also setting up an on-site office and inviting people for viewings.
“If primary indications are anything to go by, we think they’ll sell pretty well,” Reed says.