Located in the rapidly expanding commercial and highly sought-after residential precinct of Frankton, this property presents an exceptional investment opportunity. Currently leased to a reputable tenant, returning $190,000 per year, plus GST and plus opex. Positioned on a 623sqm, freehold, corner section title, the property boasts 14 bedrooms, three bathrooms, and two laundries.
Recently renovated and refreshed inside and out, including the open plan kitchen/dining and lounge area, along with the bathrooms and laundries, which now feature brand-new appliances. Additionally, there are 11 off-street parking spaces and ample storage. Conveniently located close to all amenities, including the Remarkables shopping center, supermarkets, hardware stores, and Queenstown International Airport. The property also offers breathtaking mountain views and abundant sunshine throughout the year.
The purchase price is plus GST (if any) zero rated, with a full information memorandum available, including a building report, LIM, and lease particulars. This property will be sold via Deadline Sale on Thursday, 16th May at 12pm.