5/24 Hawthorne Drive, Frankton, Town Centre, Queenstown-Lakes, Otago

The owner wants this property sold.

This is an attractive corner retail unit located on the Ground Floor of the Ramada Remarkables Suites within Remarkables Park, Frankton. The Ramada Remarkables Suites is a modern hotel located in close proximity to the Remarkables Park Shopping Centre and Queenstown Airport.

Unit 5 comprises of two shop tenancies on the north-western corner of the building having a good profile to the main vehicular entrance to the hotel and the laneway that access the adjoining Holiday Inn and Wyndham Garden Hotel developments. The subject units are fully lined, with one comprising a restaurant fit-out and the corner premises with a retail store fit-out.

Surrounding tenancies include a physio, cafe, Thai restaurant, laundromat, and library. The subject unit has frontage to the northwest and to the southwest which opens into the common area of Ramada Suites. Each shop has a courtyard accessory unit to the northwest.

Investment highlights include:

• Ongoing redevelopment in the surrounding area with the Innovation Hub under construction nearby
• 115.1sqm of lettable floor area
• Owner-operator possibilities after lease expiries
• Ground floor unit title - two separate tenancies
• Modern good quality building
• 2/9th share of 19 car parks

Shop 5 - Vacant Shop 6 - Leased for $50,083.85 p.a plus outgoings plus GST.

The property is offered For Sale by Negotiation - Sale price plus GST (if any).

For more information please contact Sharee Aitken.