Sale Of Queenstown’s Rees Hotel Luxury Apartments

Sale Of Queenstown’s Rees Hotel Luxury Apartments Bucks Trend

The recent sale of 14 apartments at the Rees Hotel and Luxury Apartments in Queenstown is bucking the trend and signalling an on going demand for quality, contemporary property in the resort.

Harcourts Queenstown Property Consultant Warwick Osborne says although apartment sales in the region are generally sluggish The Rees continues to attract widespread interest both nationally and offshore.

“The lakeside apartments, set in their magnificent alpine environment, are stand out and Stage Two of the sell down has been every bit as successful as we anticipated. It indicates that investors, particularly from Australia, are prepared to pay for property in key locations.”
Osborne says Stage One of the sell down had earlier set the scene for a positive outcome for the second stage of the deadline sale.

“There has been an increased awareness of Queenstown as an international tourist resort and the benefits of investing long term in the market here. We have had enquiries from around the world and certainly Australian buyers are looking at the resort as an ideal investment opportunity.”

Purchasers of apartments can use the property as a permanent residence, as a holiday home or as part of The Rees accommodation scheme.

“The outlook across Lake Wakatipu backdropped by the Remarkables Mountain range is a major drawcard,” says Osborne, “but the superior fit out is also an important contributor in people’s decision to invest in The Rees.”

The Rees and Luxury Apartments have recently received international recognition in the HotelClub.com annual worldwide 2011 Hotel Awards winning the award for “Outstanding Kiwi Chic, Design and Furnishings in New Zealand.”

Prominent Queenstown furniture designer Ed Cruikshank who trained in the UK and worked for Viscount David Linley for several years as a designer, custom designed an exclusive collection of furniture for The Rees, which has been highlighted for its outstanding, contemporary design by the HotelClub.com awards panel.

ENDS

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