Golfside Apartments (32 Tenby St and 70 Dungarvon St, combined rateable land value of $3.5 million).
Golfside Lake Wanaka Ltd was put into liquidation on June 8.
The properties are on the market.
The liquidation process was initiated by the Otago Regional Council, liquidator Iain Nellies of Insolvency Management Ltd, of Dunedin, confirmed on June 16.
Amounts owed by Golfside to the ORC and any other creditor were unavailable.
Mr Nellies was waiting for accounting information from sole company director Ian Lowe, of Wanaka, and expected to be able to release figures in a report to the Companies Office on July 17.
There have been several proposals to develop the site since 2002. Golfside Lake Wanaka Ltd's most recent proposal was for a 19-apartment complex.
Opposers included neighbours, the ORC, Queenstown Lakes District Council, Wanaka Residents Association, Wanaka Golf Club and Wanaka Motel Association.
Concerns included the effect the development would have on aquifers and traffic access.
Two independent QLDC commissioners declined consent in 2008. An appeal by Golfside was struck out by the Environment Court in October.
Judge Jon Jackson also awarded the ORC $3615 in costs because Golfside had abused process and caused unnecessary expenses for the regional council.
• Heartland (42-50 Brownston St; combined rateable capital value of $3.4 million).
Mortgagee South Canterbury Finance took possession of the site last year from then-owner Brownston Street Ltd, a company associated with Justin Russell, a New Zealander living in London.
At the time, there was a lease on the land to Heartland Developments (Wanaka) Ltd (in liquidation). Heartland is a company associated with Hamilton property developer Ian Guilford.
After a several hearings, Mr Guilford won consent in 2007 for a three-storey 46-unit hotel.
The $25 million development was never built.
The company went into liquidation last year, apparently owing $1 million to the financier and $1.5 million to contractors.
According to Companies Office documents filed last year by South Canterbury Finance, Heartland's rent fell into arrears. The finance company cancelled the lease and sold the land.
Brownston Street Ltd has been removed from the Companies Office register.
According the QLDC property information database, the new owner is Shotover River Lodge Ltd, a company associated with Australian investors Wendy Margaret Tisch and Anthony Robert Tisch.
The large section has been tidied up, the four-bedroom house has been renovated. It is understood the owners will lease it.
• Wanaka Property Investments (47-51 Brownston St, combined rateable land value $4.5 million).
Christchurch-based developer Dennis Thompson revealed plans in 2005 for a retail, office and 85-room visitor accommodation complex on two Brownston St sections.
One section is vacant land behind the Wanaka Police Station. The other is the site of the Bullock Creek Lodge, demolished in 2008.
The mortgagee, Mascot Finance Ltd, took possession of both in 2008 and they were sold to Brownston Nominees Ltd.
The section sales did not realise enough to repay a $9.1 million mortgage or leave anything to distribute to creditors, whose claims exceeded $8.8 million.
Thompson's partner, Christchurch developer Sharon Bartlett, was the sole director and shareholder of the now liquidated company.
Ms Bartlett and Mr Thompson had been adjudged bankrupt, liquidator Iain Nellies said recently.
The new owner is associated with Timaru businessman Mark Hervey, who has other Wanaka property.
When contacted Mr Hervey said the company planned a commercial development in the future, but had nothing firmed up.
"We don't have anything on the books that is realistic at this stage," Mr Hervey said.
