Situated in one of the fastest growing commercial and highly sort after residential areas of Frankton, is this outstanding opportunity for the smart investor who recognises cash flow potential, long-term steady yields, and capital growth. These investment properties are almost impossible to find, and with Queenstown being one of the fastest growing economies nationally, with increased visitor numbers and permanent residential population growth, investments of this calibre are highly sought after. Ideal for short term worker accommodation across all sectors, including construction, hospitality and tourism.
The property is situated on a 623sqm, fee simple, corner section. Consisting of 14 bedrooms, with a maximum number of 26 occupants, three bathrooms, two laundries, an open plan kitchen/dining and lounge area, and a sun-soaked deck, which provides excellent natural light and ventilation. There are eight off-street car parks, plenty of storage space, and it's within walking distance to all amenities including Remarkables shopping centre, supermarkets, hardware store, mega appliance and sports stores, and Queenstown International Airport to name just a few.
Visitor Accommodation consent is not required, as the property comes under the Boarding House consent. Extremely sunny, with stunning mountain views, and centrally located.
Up to date financials available on request. Call us for an information memorandum, and or, a viewing time. To be sold plus GST (if any) as a going concern, zero rated.
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