Multiple income streams and development potential


88 Thompson Street, Queenstown

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Multiple income streams and development potential | 88 Thompson Street, Queenstown | 4481502 |      X Close
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Multiple income streams and development potential


Fully renovated and refurbished, this home has been established as a successful triple income stream short-term rental. Sitting on a 600 sqm high density development site a few minutes stroll from Queenstown's centre, both the immediate and long-term potential is evident.

The property has been split into three separate rentals; a three bedroom apartment with kitchen, and two studio units with small kitchenette areas. All areas present a modern and fresh aesthetic with neutral colour tones and interior design choices that add contemporary panache. The views across Lake Wakatipu to Cecil Peak and Mt Nicholas are the stuff Queenstown dreams are made of.

On the upstairs level, the generous three bedroom apartment has a full size kitchen and bathroom with a substantial alfresco area for outside entertaining and dining. Surrounded by established trees and native greenery, this property has a residential feel despite its proximity to the hustle and bustle of town.

The two downstairs studio units both offer desirable short term rentals with space for a small kitchenette, bathroom, and a lounge area to relax in. Fully tiled showers, effective separation of spaces, and quality heat pumps ensure comfort throughout. Both present with private outside living areas for relaxing, with the larger of the two looking out to quintessential lake views.

Properties with this degree of future flexibility and full year-round visitor accommodation consent already in place are increasingly rare. The choice is yours; rent all three properties out while planning a future development, retain one for personal use and rent the others out for an income stream, or develop immediately. Situated just over a kilometre from the centre of town and on the doorstep of some of Ben Lomond's finest bike trails, this is a location that will always be popular.

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Mark Martin

Frankton

Licensed under the REA Act 2008

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Hope Martin

Frankton

Licensed under the REA Act 2008

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88 Thompson Street, Queenstown

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Mark Martin

Frankton

Licensed under the REA Act 2008

View profile

Hope Martin

Frankton

Licensed under the REA Act 2008

View profile