33 Glenda Drive, Frankton, Queenstown Lakes

Freehold split-risk investment - Glenda Drive

33 Glenda Drive sits on 1,578sqm of freehold land, strategically developed to maximise returns. The property comprises four individual commercial tenancies along with a 240sqm residential eight-bedroom home utilised as worker accommodation - delivering diverse and consistent income streams.

• Five (5) individual tenancies provide a combined current rental of $257,037.72 net p.a + GST
• Tightly held commercial/industrial catchment with extremely low vacancy rates
• Freehold landholding of 1,578sqm with direct exposure onto Glenda Drive
• Unrivalled opportunity with excellent potential for future growth

This rare freehold offering provides investors the opportunity to purchase a split-risk asset in arguably Queenstown's premier commercial/industrial catchment. The commercial buildings at both the front and rear of the site are modern and provide functional solutions for the established trade/warehousing businesses who service the wider Queenstown & Central Otago region. The residential accommodation was original farmhouse prior to Frankton's commercial development, this provides eight bedrooms with a shared lounge and amenities.

Purchasers will benefit from Glenda Drive's strategic location, its proximity to Queenstown Airport, major retail hubs, and key transport links. Vacancy rates remain extremely low with excellent demand for commercial property in this catchment. This is a desirable split risk investment with plenty of future upside for purchasers, call now for further information today.