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Sold Property
$1,150,000
Kirsty Sinclair Harcourts Queenstown
A genuinely rare find in the Queenstown market! Presenting you with seven bedrooms in a convenient location close to downtown Queenstown, 8 Mackinnon Terrace embodies an incredible opportunity for the smart investor, and a unique capacity for consistent and strong cashflow.
This home is a proven rental property and ideal for someone looking for a strong investment or for a local business or employer needing staff accommodation.
A local business currently rents the property for $1,550 per week and, based on the asking price of $1,195,000, this represents a 6.7% return on investment. However, a current rental assessment states that the weekly rate could now be increased to $1,750, producing a substantial 7.6% return for you.
The property is fully furnished for your convenience, with three bathrooms and an enlarged kitchen complete with white goods and two ovens. A large balcony overlooks the surrounding mountains and Lake Wakatipu.
This would be a simple purchase - the property is in a tidy condition, easily rentable and close and convenient to central Queenstown. Queenstown's shortage of rental property would put this spacious home in very high demand and could provide you with great returns immediately.
Contact Kirsty and Adam today for more information, the full rental assessment or to arrange your inspection. You won't regret adding this cash-cow to your property portfolio.
Property ID: #QT5739
Office
Licensed under REAA 2008
Sold Property
A genuinely rare find in the Queenstown market! Presenting you with seven bedrooms in a convenient location close to downtown Queenstown, 8 Mackinnon Terrace embodies an incredible opportunity for the smart investor, and a unique capacity for consistent and strong cashflow.
This home is a proven rental property and ideal for someone looking for a strong investment or for a local business or employer needing staff accommodation.
A local business currently rents the property for $1,550 per week and, based on the asking price of $1,195,000, this represents a 6.7% return on investment. However, a current rental assessment states that the weekly rate could now be increased to $1,750, producing a substantial 7.6% return for you.
The property is fully furnished for your convenience, with three bathrooms and an enlarged kitchen complete with white goods and two ovens. A large balcony overlooks the surrounding mountains and Lake Wakatipu.
This would be a simple purchase - the property is in a tidy condition, easily rentable and close and convenient to central Queenstown. Queenstown's shortage of rental property would put this spacious home in very high demand and could provide you with great returns immediately.
Contact Kirsty and Adam today for more information, the full rental assessment or to arrange your inspection. You won't regret adding this cash-cow to your property portfolio.
Property ID: #QT5739
Kirsty Sinclair Harcourts Queenstown
Office Harcourts Queenstown Licensed under REAA 2008
If you like what you see, but know you'll need to sell before buying, why not find out what you could be sitting on today with an instant Digital Property Appraisal, highlighting the market value including the recent sales, rental history, suburb insights and more.
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