


Listing Description
Set & Forget – 5.61% Net Return
3/24 Hawthorne Drive, Frankton, Queenstown-Lakes, Otago
Asking price $1,090,000
Details
Attribute | Value |
---|---|
Property use | Retail |
Agency reference | 1554774 |
Description
Located in the heart of Remarkables Park, this prime commercial property is home to Thai Siam Kitchen, a well-established and thriving restaurant that attracts both locals and visitors. Situated within the Ramada Remarkables Park Hotel, this property benefits from high foot traffic, excellent visibility, and a sought-after location in one of Queenstown’s fastest-growing commercial and retail hubs. The tenancy also has non-exclusive rights to use two undesignated car parks on the property.
Key Features:
Full-Width Glazing – Maximising street presence and business exposure, ensuring excellent visibility.
Outdoor Dining Area – Provides additional space and an inviting atmosphere for guests to enjoy Queenstown’s stunning surroundings.
Prime Location – Nestled within the bustling Remarkables Park, adjacent to major retailers, hotels, and Queenstown Airport.
About the Tenant:
Thai Siam Kitchen is a well-regarded restaurant known for its authentic Thai cuisine, cozy atmosphere, and diverse menu featuring customer favourites like Pad Thai, green curry, and Thai spring rolls. The restaurant caters to a wide clientele, offering dine-in, takeaway, and delivery services seven days a week. With vegetarian and gluten-free options available, Thai Siam Kitchen is a popular dining destination in the area.
Investment Highlights:
Established Long-Term Tenant – A strong business with a consistent customer base and proven success.
High-Growth Location – Remarkables Park is a rapidly developing commercial and residential area with increasing demand.
Turnkey Investment – A set-and-forget investment with a strong lease in place in a well-maintained modern commercial space
This is a rare opportunity to secure a high-performing commercial investment in one of Queenstown’s premier retail and hospitality districts.
For further information, or to arrange a viewing, contact the sole agent today.
$1,090,000 + GST if any
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