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Harcourts Queenstown, (Licensed: REAA 2008)

006/18 Mountain Ash Drive, Frankton

Asking price $250,000

Listing Description

Listed: Tue, 25 Jul

Good for the Pocket, Great for the Portfolio

006/18 Mountain Ash Drive, Frankton, Queenstown-Lakes, Otago

Asking price $250,000


  •   1 Bed
  •   1 Bath
  •   28m² Floor
Property type
Capital value (CV)
Agency reference
Broadband in the area Wireless


Our owners have other projects on the go and need their holiday investment sold, price just reduced for an immediate sale - this is an opportunity not to miss.

Designed and delivered by Safari Group, located in ever popular Frankton at the foot of the Remarkables and completed in December 2020, the LQ Hotel delivers contemporary accommodation in a stunning alpine setting. Under the expert management of the world's largest hotel group - Wyndham, you can rest assured your investment is in the safest possible hands.

Each architecturally designed studio hotel apartment is superbly finished and is fitted with contemporary furnishings, premium floor coverings, individually controlled air-conditioning, LED television, quality European kitchen appliances and washing machine/dryer.

Positioned on the ground level, this fully self-contained 28m2 Studio Apartment offers plenty of space for business trips or weekend getaways while delivering guaranteed income as part of the lease agreement with Wyndham.

  • Fully furnished, Unit Title
  • 28m2 Studio Hotel Apartment with kitchenette and laundry facilities
  • Lease term: 30 years (15+5+5+5 commercial lease) - commenced 2020
  • Guaranteed annual income of $16,320+ GST with 2% annual increases in place
  • 10 days free owner use per annum

The LQ by Wyndham is a 4-star hotel just a few minutes from Queenstown Airport and next to the Remarkables Park Shopping Centre. Hotel Amenities include reception, café, gym, ski & bike storage, mountain transport, free parking and free wi-fi.

Price: $250,000 (+ GST if any)

An easy, entry level investment opportunity in Queenstown, call today for more information.

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Harcourts Queenstown, (Licensed: REAA 2008)

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