165 Glenda Drive, Frankton, Queenstown Lakes

Prime commercial investment

165 Glenda Drive presents a unique opportunity for investors in the heart of one of Queenstown's most sought-after commercial and industrial areas. Available for sale by negotiation the property generates a net rental income of approximately $222,504 per annum. The property currently has three established tenancies.

Set on 1,078sqm of land, the property features a 530sqm building with two large work bays and roller doors, a canopy, and four well-appointed offices with varied views stretching from the Kawarau River to Coronet Peak, the Remarkables, and Cecil Peak. Filled with natural light, the office spaces offer inviting work environments. Additional amenities include a kitchen, a lavatory, and shower facilities for convenience.

A substantial 743sqm of yard space provides ample parking, storage options, and potential scope for further development in the future, making this property a versatile option for investors. Zoned light industrial, the property benefits from a strong commercial position within Queenstown's thriving Glenda Drive.

Don't miss this opportunity to secure an income-generating property in Queenstown's major commercial and industrial hub. Rental demand is high and available space is limited, making this an ideal choice for investors seeking prime commercial real estate. Properties of this calibre don't come to the market very often.

The purchase price is to be plus GST (if any).