What is a License to occupy?

A licence to occupy is often referred to as an occupation right agreement (or ORA), this gives the holder the right to occupy this propeerty for 30 days per annnum for 20 years.

How do I purchase a license?

Contact us and we will send you the license to occupy agreement which can also be downloaded from the "downloads" page on this website

What is the cost of the license?

$1.8M New Zealand Dollars (Circa $1.25M USD)

When is the license fee payable?

50% is payable upon signing the agreement, the balance is payable in January 2023

Can I sell my license in the future?

Yes your can sell your license at any time

Can I rent out my nights?

Yes. Waimarino lodge can rent your unused nights out on your behalf. It is estimated the home will rent for an average of $12,500 per night. If you used the home for 10 nights a year but rented it out for the other 20 you could expect $250,000 in rental income that year. This nightly rate will likely grow over the years as rates in the region rise.

Why would I buy a license to occupy this home, why dont I just rent a home when I want to come to Queenstown?

Quality - There are very few homes in Queenstown that offer this quality or outlook. Cost - If you rented out this home for 30 days a year from 20 years at holiday rental rates we estimate you would spend a total $8.64M over the 20 years at an average nightly rate of $14,400 per night. Availability - Your 30 days can be locked in once you know your dates whereas there are a very limited number of premiums homes that offer very limited availability.

can overseas buyer purchase this license?

Yes

How do I book my nights use?

Once you purchase you license you will be given acess to the booking calender

How are the 30 nights allocated?

You get 10 summer nights / 10 winter nights and 10 out of season nights

What ongoing / management costs are there?

Each license holder pays $2,160 NZD per month.

What does the management cost cover?

1. Gardening
2. Pool cleaning & servicing
3. Building maintenance
4. Power and Gas
5. House cleaning
6. Laundry service
7. Firewood supply
8. Airport transfers
9. Property Insurance
10. Audi Electric Car - Etron use whilst in residence
11. Mountain Bikes
12. E.Bikes
13. Stand up Paddle Boards
14. Malibu wakeboard / ski boat

What does the management cost not cover?

1. In-house chef
2. Waitstaff
3. Yoga teacher
4. Massefuse
5. Personal trainer
6. Boat launching and retrival

Can we get collected from the airport?

Yes, this is included in your management fee along with being returned to the airport. You will also have the all electric Audi SUV to use during your stay.

How does the wine cellar operate?

The wine cellar has 12 diffrent lockable glass cabinets and each license holder has their own private access.

Is there place to store private at the house?

Yes all license holders have their own lockable storage unit

What if all licenses aren’t sold?

The developer will simply retain any unsold licenses

Does the house have electric car charging?

Yes

Do unused days carry over?

No - days are allocated on a use it or lose it basis. The 5 spare days are use for property maintainence.

When can I book my dates?

As soon as you have purchased your license.

When will the home construction be complete?

Mid 2024