Exclusive South Island country club Millbrook has launched a real estate arm to sell its properties.Properties in the resort being resold have been increasing in value annually, up to $23 million last year from $11 million in 2001.In the year to September
Exclusive South Island country club Millbrook has launched a real estate arm to sell its properties.
Properties in the resort being resold have been increasing in value annually, up to $23 million last year from $11 million in 2001.
In the year to September, the Queenstown luxury country club sold 21 properties, 13 of which were re-sales.
In the past Millbrook had employed Livingstone Realty to act on its behalf in selling its properties but the country club’s new in-house company Millbrook Realty will now handle the sales of its properties.
Millbrook said recent changes to the Real Estate Act has enabled Millbrook to amicably end the relationship and develop its own company.
“Millbrook is now investing in the future of the real estate industry within the resort, which we believe will benefit both vendors of properties being on-sold and Millbrook’s own property developments,” Millbrook property and development manager Ben O’Malley said.
“The business is now of a size where Millbrook has the confidence to invest further in this new business venture, which will see marked improvements in presentation of our sales office and its marketing collateral.”
The club has an on-site real estate sales office which is now open seven days a week.
