409/18 Mountain Ash Drive

Frankton Otago

110 m²

0 m²

Apartment

Currently for sale - view listing

Overview

Remarkable Managed Investment Opportunity

Step into Queenstown's booming investment market with this exceptional dual key apartment at LQ Queenstown, where mountain views meet modern luxury in New Zealand's adventure capital. This sophisticated 2-bedroom, 2-bathroom residence on Level 4 combines stunning panoramic vistas of The Remarkables to the south and Queenstown to the west with an intelligent investment design that maximizes rental returns. Spanning an impressive 109m² internally, this oversized apartment stands apart from typical offerings in the complex. The dual key configuration creates incredible flexibility, allowing you to operate as either a single 2-bedroom unit or split into separate accommodations - a 1-bedroom apartment plus a fully self-contained studio suite, each with independent access for maximum rental appeal. You could even live in the one bedroom apartment and manage the studio suite as a home and income proposition. The main residence showcases contemporary open-plan living at its finest. The stylish kitchen, dining and lounge areas flow seamlessly onto a covered corner balcony that captures abundant afternoon and evening sunshine while framing those spectacular mountain views. The generously proportioned master bedroom features an ensuite bathroom and dual built-in wardrobes, ensuring comfort and storage. The separately accessed suite offers complete independence with its own bedroom, bathroom incorporating laundry facilities, and full kitchen - perfect for extended stays or alternative rental arrangements. This versatility has already proven successful, with the apartment currently under professional management and delivering strong and growing returns. Income returned to owner for January 2026 was over $9,500! Three dedicated car parks add exceptional value - two secure underground spaces plus one at the rear of the complex, a rare luxury in Queenstown's competitive market. The apartment comes fully furnished and turnkey ready, allowing immediate transition into the rental market with established management systems already in place. Location drives everything in Queenstown real estate, and this couldn't be better positioned. Situated in sought-after Frankton on Mountain Ash Drive, you're moments from Queenstown Airport - crucial for short-term rental success. The thriving Frankton area offers residents and guests easy access to major shopping destinations including Remarkables Park Town Centre and Queenstown Central Shopping Centre. • Minutes to world-class ski fields including The Remarkables and Coronet Peak • Walking distance to Queenstown Events Centre with Alpine Aqualand and sporting facilities • Close proximity to quality educational options including Remarkables Primary and Wakatipu High School • Direct access to State Highway 6 and 6A connecting to Queenstown's central business district Frankton's strategic position on Lake Wakatipu's northeastern shore provides the best of both worlds - stunning lakeside living with longer sunshine hours than central Queenstown, particularly valuable during winter months when the area truly comes alive with international visitors. The LQ complex itself offers premium amenities with secure access and professional management, ensuring low-maintenance ownership perfect for investors seeking hassle-free returns. The building's reputation and location make it highly attractive to both short-term holiday makers and longer-term tenants. This represents more than just property ownership - it's your gateway into one of New Zealand's most resilient and sought-after investment markets. With Queenstown's continued growth as an international destination and Frankton's emergence as a key residential hub, this dual key apartment offers both immediate income potential and long-term capital growth prospects. The combination of flexible accommodation options, premium location, established rental performance, and turnkey presentation makes this an exceptional opportunity for investors ready to capitalise on Queenstown's enduring appeal. Property is to be sold as a going concern - plus GST if any