104A/16 Mountain Ash Drive, Frankton, Otago - Apartment Sold on 10 09 2025

SoldSep 10, 2025

104A/16 Mountain Ash Drive, Frankton, Otago

Amount undisclosed

85 m²

Apartment

•

30+ days on the market

Sold: Sep 10, 2025

What's around 104A/16 Mountain Ash Drive

Become Homeowner AND Landlord on the Same Day!

A rare opportunity to secure a high-yield investment or flexible home-plus-income setup in the sought-after Mountain Ash complex, right in the heart of Frankton. Unit 104/16 Mountain Ash Drive is a spacious Dual Key apartment (approx. 85m² including balconies), comprising two fully self-contained and furnished units: - A studio currently rented at $500 per week (fixed tenancy until 29 September, with tenants wanting to extend) - A one-bedroom unit currently rented at $600 per week (periodic tenancy, allowing flexibility for vacant possession) Layout & Features: - Common foyer with private entrances to each unit - Full kitchens with oven, cooktop, dishwasher, and plenty of storage - Laundry connections in both bathrooms - Private balconies off each unit - Both units come fully furnished - Two car parks included (within the CCTV-monitored complex) - North-facing with all-day sun and panoramic views of Coronet Peak, Crown Range and Cecil Peak - Positioned on the first floor with complete privacy Financials: - Total Rental Income: $1,100 per week - Capital Value: $850,000 - Asking Price: $850,000 Motivated vendor wants to make a move after owning the property since settlement in December 2020. This is a rare chance to become a homeowner and a landlord on the same day. Ideal for first-home buyers wanting additional income or savvy investors seeking strong returns in a growing Queenstown location. Important Note: The current photos do not reflect the true quality of this property. It must be viewed in person to be fully appreciated. As a former building manager for the complex and senior property manager with extensive experience in Queenstown Body Corps, Esteban can offer investors in-depth knowledge and guidance. Our Queenstown team is well placed to answer any questions you may have about returns, demand, or rental options. Contact Us Today: Esteban Sanguineti (Queenstown-based): 021 207 8959 Cory McVicar (Queenstown-based): 021 455 345