Kitchen
Beds
9 Southberg Avenue presents investors with a distinctive multi-unit residential opportunity in the highly desirable area of Frankton.
This freehold property, set on approximately 1,118sqm (more or less), includes seven fully self-contained rental units that provide a stable income with potential for growth.
Located in Southberg Avenue in a quiet cul-de-sac, offering three carports and five off-street car parks. Built in the 1960s, but recently refurbished, the property comprises of two studio rooms, three one-bedroom units, and two two-bedroom units, as well as a huge communal laundry facility. These units are perfect for long-term rentals, with a proven record of low vacancy rates and strong returns. Each room opens out onto a spacious, sunny backyard, that’s fully fenced. A great area to relax, socialize and BBQ.
Just minutes from Remarkables Park Town Centre, Queenstown International Airport, and a variety of services and amenities, this is a rare opportunity to secure a multi-unit, residential investment with significant future potential.
This property is to be sold via Deadline sale, closing 12pm, 4 July 2024 (unless sold prior), and to be sold inclusive of GST.
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.64 km | 4 | 2 | 100m2 | Year 2024 Month 04 Day 17 | $1,350,000 | Council approved | |
0.50 km | 4 | 170m2 | Year 2024 Month 03 Day 22 | $1,400,000 | Council approved | |||
0.67 km | 3 | 150m2 | Year 2024 Month 01 Day 27 | $1,200,000 | Council approved | |||
0.38 km | 4 | 155m2 | Year 2024 Month 01 Day 24 | $1,501,000 | Council approved | |||
0.65 km | 3 | 134m2 | Year 2024 Month 01 Day 17 | $1,370,000 | Council approved |