9 Southberg Avenue, Frankton, Queenstown-Lakes, Otago

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.