23/193 Glenda Drive, Frankton, Queenstown Lakes

This unique property located at 23/193 Glenda Drive, Frankton, Queenstown Lakes, offers a blend of industrial and residential amenities, making it an ideal live/work setup. The two-level industrial unit is part of Shotover Ridge, a multi-unit industrial business park comprising around 30 similar units. Constructed in 2007 with concrete walls and an iron roof, both in good condition, this property spans a floor area of 180m². It features 3 bedrooms, 1 bathroom, and 2 car parks. The unit is distinguished by its ground floor workshop with roller door entry and a separate, sunny 2-bedroom apartment or office space with balconies at both ends, offering stunning views over the surrounding alpine area and Frankton Flats.

From a financial perspective, the property has seen a significant increase in capital value, rising from $730,000 in July 2017 to $1,010,000 in September 2021, marking a 38.36% growth. The latest sale on February 25, 2024, was at $1,250,000, indicating a robust demand for such versatile properties. Despite this, the HouGarden AVM estimates the property's value at $995,000.

Education is a priority for families, and this property does not disappoint. It falls within the zones for St Joseph's School (Queenstown) and Remarkables Primary School, both of which are full primary schools with a decile rating of 10, ensuring top-tier education for residents.

Updated on March 22, 2024.