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110/18 Mountain Ash Drive

Frankton Otago

1
1
30 m²
Apartment
Currently for sale - view listing

Overview

Fantastic Long-Term Investment - 5% + net return

Easy care investment property with a 30-year commercial guarantee which is currently returning approximately a 5% + net return. Located in one of Queenstown's most active growth areas in regard to apartment and unit development. The La Quinta Hotel is located in Remarkables Park just a short walk to Queenstown Airport and has all amenities right on the doorstep for guests including shopping, restaurants, walking and cycling tracks and much more. The property is fully furnished and has a wonderful welcoming reception area and an onsite cafe and gym. This property is priced to sell and the market is on the move so prompt enquiries are recommended. Key investment information: • Commercial Guarantee: 30 years from the date the hotel opened, with review periods based on 15 + 5 + 5 + 5 years • A 2% annual rental increase • Currently returning a gross rent amount of $1,794.69 inc. GST per month (Approx. 5% + net) • Fully furnished studio apartment • Consistent payments paid directly into your bank account on a monthly basis • A management franchise with a proven international track record • 10 days free use per annum for owners For Sale: $229,000 + GST (if any). View Information Memorandum here: https://bit.ly/4dqHav8

Features

1 bedroom
1 bathroom
30 m² floor area
Apartment

Happy sellers in Frankton

94%
94% of sellers in Frankton reported that their sale price either exceeded or met their price expectations.

Frankton stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 43 reviews in Frankton over the last 12 months.

Local market activity for 1 bedroom apartments in Frankton

In the last 12 months, 8 one-bedroom apartments similar to 110/18 Mountain Ash Drive, have been sold.

This represents a 75% decrease in one-bedroom apartments sales when compared to the previous 12 months.

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