Listing Description
Exceptional Investment Opportunity with Views
66 Marina Drive, Frankton, Queenstown-Lakes, Otago
Price by negotiation
Details
| Attribute | Value |
|---|---|
| Property type | House |
| Capital value (CV) | $3,650,000 |
| Parking | 23 open spaces |
| Agency reference | PQT11731 |
| Broadband in the area |
Description
Nestled between Queenstown Bay and the vibrant hubs of 5 Mile and Remarkables Park, Marina Lofts presents a unique investment opportunity. Whether you're considering worker accommodation, short-term stays, or residential tenancies, this property caters to all.
Queenstown, renowned as a global tourist hotspot and New Zealand's premier lifestyle destination, drives both high demand for residential accommodation and above-average capital growth expectations. This makes Marina Lofts an exceptional investment prospect.
Offering a substantial land parcel with up to 19 residential units (currently configured as 18 units with 24 beds across two blocks and potential for additional units), Marina Lofts can generate an impressive annual gross income currently estimated at $560,000 to $610,000 (incl of GST if any).
Barfoot & Thompson and Professionals Queenstown are delighted to exclusively offer this outstanding property at 66 Marina Dr, Queenstown.
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Adrian Snow
Agent's details
Adrian Snow
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Professionals Queenstown (Fisken & Associates Ltd MREINZ), (Licensed: REAA 2008)