302/32 Red Oaks Drive Frankton, Queenstown Lakes District

This fully furnished studio room is managed by the Wyndham Gardens - one of the largest and most trusted hotel franchises in the world. This building has fantastic views of the Remarkables Mountains and across to Coronet Peak. Facilities include an on-site cafe, a fitness center and ski storage spaces.

There are a variety of popular activities available in the area including skiing and cycling. Queenstown Airport is 1 km away and Queenstown Event Centre is 1.3 km away. Close to Remarkables Park Shopping Centre. The Remarkables is 6 km from the property. This convenient and popular tourism location offers potential for growth. Start your Queenstown investment portfolio in the heart of Frankton now!

• On a long-term lease, generating a monthly return of approx. $1,423.79 paid directly into your bank account on a monthly basis.
• In the meantime, with a lease term of 30 years (15+5+5+5) with Wyndham Garden Hotel from April 2018, buying it for long-term stability and profitability. Even keep this hands-off and hassle-free investment to help kids onto the ladder when their time comes.
• 10 days free use per annum for owners - you can earn monthly cash income and also enjoy the free stay at the same time!
• Council Rate: $3,146.4 p.a, (1/7/2024 - 30/6/2025)
• CV $260,000
• The body corporate levies for the current financial year period, 6th April 2024 to 5th April 2025 is $2,961.79 including GST.
• Total of the last 12-month income: $17,057.56 (From 1 April 2024 to 2 March 2025)

Asking price $199,000 + GST (if any)

Don't miss out on this chance to invest in Queenstown. Contact us now to get more info!