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Bayleys Queenstown - Queenstown and Southern NZ Realty Limited, (Licensed: REAA 2008)
Chris Campbell Chris Campbell

9 Southberg Avenue, Frankton

Deadline sale by 4 Jul

Listing Description

Listed: Wed, 29 May

Multi-unit residential opportunity

9 Southberg Avenue, Frankton, Queenstown-Lakes, Otago

To be sold by deadline sale (by 4 Jul)

Details

  •   1118m² Land
AttributeValue
Property use
Development site
Agency reference
4504302

Description

9 Southberg Avenue presents investors with a distinctive multi-unit residential opportunity in the highly desirable area of Frankton.

This freehold property, set on approximately 1,118sqm (more or less), includes seven fully self-contained rental units that provide a stable income with potential for growth.

Located in Southberg Avenue in a quiet cul-de-sac, offering three carports and five off-street car parks. Built in the 1960s, but recently refurbished, the property comprises of two studio rooms, three one-bedroom units, and two two-bedroom units, as well as a huge communal laundry facility. These units are perfect for long-term rentals, with a proven record of low vacancy rates and strong returns. Each room opens out onto a spacious, sunny backyard, that’s fully fenced. A great area to relax, socialize and BBQ.

Just minutes from Remarkables Park Town Centre, Queenstown International Airport, and a variety of services and amenities, this is a rare opportunity to secure a multi-unit, residential investment with significant future potential.

This property is to be sold via Deadline sale, closing 12pm, 4 July 2024 (unless sold prior), and to be sold inclusive of GST.


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Agent's details

Chris Campbell

Chris Campbell

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Kate Walker

Kate Walker

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Bayleys Queenstown - Queenstown and Southern NZ Realty Limited, (Licensed: REAA 2008)

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