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$1,120,000
Feleki Uhrle Harcourts Queenstown
For the first time on the market in 21 years, 260 Frankton Road is an opportunity calling for anyone wanting a smaller scale development project or to invest and sit while still enjoying immediate rental returns.
The potential is to redevelop this site into two spacious residential units each with a separate flat. This large 893m² section enjoys a wide street frontage which will ensure massive views that can be enjoyed from almost every room and benefits from easy access directly off Frankton road. The site is in a premium position just 1.5kms from Queenstown's CBD and the orientation means panoramic views take in Lake Wakatipu, the iconic Remarkables mountain range, Cecil Peak, Walter Peak and beyond. The new national policy statement removing the requirement for car parking allows you to maximise the building size. This property also neighbours directly onto council recreational land enjoying open green space.
While the long-term strategic value for this large 893m² section exists in the land, you would also benefit by modernising this solid home & income property and reaping the financial rewards immediately. The two bedroom plus two bedroom home and income configuration, close to Queenstown's CBD will attract tenants easily and provide good yields. The owners have installed an HRV system, and the upstairs unit enjoys the toasty dry heat from a wood burner. This property also enjoys ample off-street parking for four or more vehicles.
Our sellers are serious about selling and have provided buyers with a LIM Report and Geoconsulting Due Diligence Assessment. 260 Frankton Road will sell on or before auction 12pm Thursday 9th September 2021. To learn more about this affordable opportunity, chat to Feleki or Priscilla today.
Whatever your vision, at 260 Frankton Road, plenty of opportunities knock!
Property ID: #QT7169
Office
Licensed under REAA 2008
Sold Property
For the first time on the market in 21 years, 260 Frankton Road is an opportunity calling for anyone wanting a smaller scale development project or to invest and sit while still enjoying immediate rental returns.
The potential is to redevelop this site into two spacious residential units each with a separate flat. This large 893m² section enjoys a wide street frontage which will ensure massive views that can be enjoyed from almost every room and benefits from easy access directly off Frankton road. The site is in a premium position just 1.5kms from Queenstown's CBD and the orientation means panoramic views take in Lake Wakatipu, the iconic Remarkables mountain range, Cecil Peak, Walter Peak and beyond. The new national policy statement removing the requirement for car parking allows you to maximise the building size. This property also neighbours directly onto council recreational land enjoying open green space.
While the long-term strategic value for this large 893m² section exists in the land, you would also benefit by modernising this solid home & income property and reaping the financial rewards immediately. The two bedroom plus two bedroom home and income configuration, close to Queenstown's CBD will attract tenants easily and provide good yields. The owners have installed an HRV system, and the upstairs unit enjoys the toasty dry heat from a wood burner. This property also enjoys ample off-street parking for four or more vehicles.
Our sellers are serious about selling and have provided buyers with a LIM Report and Geoconsulting Due Diligence Assessment. 260 Frankton Road will sell on or before auction 12pm Thursday 9th September 2021. To learn more about this affordable opportunity, chat to Feleki or Priscilla today.
Whatever your vision, at 260 Frankton Road, plenty of opportunities knock!
Property ID: #QT7169
Feleki Uhrle 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.
$1,105,000 5 Springfield Road, Shotover Country, Queenstown, Central Otago / Lakes
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