5/32 Red Oaks Drive, Frankton, Queenstown Lakes

Nestled at 5/32 Red Oaks Drive in the serene Frankton, Queenstown Lakes, this property is a charming commercial space with retail usage. Constructed in 2018, the mixed-material walls and iron roof are both in good condition, sheltering an area of 82 square meters. It boasts a unit title and comes with a single bathroom and a carpark. The property stands on a level contour, enhancing its accessibility and appeal.

As per the valuation records, the capital value has seen a growth of 22.06% from $680,000 in July 2017 to $830,000 in September 2021. The HouGarden AVM estimates the property's worth at $825,000, while the latest sale was recorded on September 19, 2024, at $608,000, indicating a potentially sound investment opportunity.

For families, the property falls within the zone of two top-rated schools - St Joseph's School and Remarkables Primary School, both Decile 10 institutions, ensuring a high-quality education for children.

Updated on November 06, 2024