Queenstown Residential Investment

3, Remarkables Crescent, Frankton, Frankton, Queenstown-Lakes

Price On Application

Proposed Usage
Office
Floor Area
270.00 m²
Land Area
623.00 m²
Description:
Property ID
1btqrt3



3 Remarkables Crescent offers a unique residential investment opportunity.

The property contains 13 bedrooms, 3.5 bathrooms, open-plan living and kitchen area, laundry and off-street parking for 11 cars. It is currently utilised as long term accommodation with 31 individual periodic tenancies in place allowing an average annual gross income of $230,000 when operating at full capacity.

The property is located at the corner of Remarkables Crescent and Alta Place in Frankton, Queenstown and enjoys mountain views towards The Remarkables.The property is within level walking distance of Remarkables Park Town Centre and The Landing shopping centres which are just 500m from the property.

This is an opportunity for investors or employers to secure a solid property with proven returns.

For sale by Deadline Private Treaty Closing Tuesday 8th August 2017 at 4.00pm (unless sold prior)

 

 

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Frankton Area