402/875 Frankton Road, Frankton, Queenstown Lakes

Nestled in the serene cul-de-sac of 875x Frankton Road, this 2008-built property with a Unit Title is a prime example of commercial accommodation. The exterior boasts mixed materials, complemented by a robust iron roof, both in good condition. Inside, the 132sqm floor area encompasses 3 bedrooms and 2 carparks. The capital value has seen a significant increase from $1,080,000 in July 2017 to $1,300,000 as of September 2021, marking a growth of 20.37%. The property's HouGarden AVM stands at $1,245,000, with the latest sales recorded at $1,580,000 in September 2024 and $1,040,000 in March 2021.

With a property contour of easy to moderate fall, it's a valuable investment in the Queenstown Lakes region. The government appraisals reflect a promising trend, and the recent sale history underscores the property's escalating worth.

For families, the property falls within the zone of St Joseph's School and Remarkables Primary School, both rated a perfect 10 in the decile scale, ensuring top-notch education for the young ones.

Updated on October 16, 2024