26/24 Frankton Road, Queenstown, Queenstown-Lakes, Otago

* High-profile Queenstown location

* Long lease term until June 2031

* Strong tenant covenant

* Modern high-quality retail unit

The opportunity for an investor to own a modern fully tenanted slice of Queenstown. The current operator Coco Cabana by Franks is part of an ethical, family-run hospitality group well known in the region by locals and visitors alike. The restaurant provides a quality offering to both hotel guests and CBD customers. The lease is underpinned by the Frankton Hotel Limited returns a rental of $153,000 net pa + GST. A long remaining lease term until June 2031 with built in growth provides investors with approximately eight years of certainty and minimal management requirements.

Prominently positioned on the edge of Queenstown’s CBD, the unit is highly visible to vehicle and pedestrian traffic. Frankton Road is the main arterial route linking Queenstown’s CBD to Frankton and the wider region. The unit is only a few minutes' walk from the CBD centre and iconic waterfront.