Frankton
3 Remarkables Crescent, Frankton, Queenstown Lakes
Private Treaty
(unless sold prior)
High net yield investment in Queenstown
Located in the rapidly expanding commercial and highly sought-after residential precinct of Frankton, this property presents an exceptional investment opportunity. Currently leased to a reputable tenant, returning $190,000 per year, plus GST and plus opex. Positioned on a 623sqm, freehold, corner section title, the property boasts 14 bedrooms, three bathrooms, and two laundries.
Recently renovated and refreshed inside and out, including the open plan kitchen/dining and lounge area, along with the bathrooms and laundries, which now feature brand-new appliances. Additionally, there are 11 off-street parking spaces and ample storage. Conveniently located close to all amenities, including the Remarkables shopping center, supermarkets, hardware stores, and Queenstown International Airport. The property also offers breathtaking mountain views and abundant sunshine throughout the year.
The purchase price is plus GST (if any) zero rated, with a full information memorandum available, including a building report, LIM, and lease particulars. This property will be sold via Deadline Sale on Thursday, 16th May at 12pm.
311 Hawthorne Drive, Queenstown
16
May
12pm
Chris Campbell
Queenstown and Southern NZ Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Kate Walker
Queenstown and Southern NZ Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Location
Located in highly-desirable Frankton area, short walk to Remarkables Park, Supermarkets, and the International Airport
Passing income
Returning $190,000 plus GST and opex per year on a fixed lease to one highly reputable operator/tenant
Growth
Fastest growing commercial and highly sort after residential areas
Transport access
Easy access to local bus stops and Queenstown International Airport
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