26 and 27/4 Lake Avenue, Frankton, Queenstown, Otago

26 and 27/4 Lake Avenue, Frankton, Queenstown, Otago | Tall Poppy
  • 20+

Double Investment Opportunity!

26 and 27/4 Lake Avenue, Frankton, Queenstown

Bedrooms

2

Bathrooms

2

Floor area

60m2

Property Sold

Last update 2 months ago

Open homes

We may not have any upcoming open homes but we can usually schedule a private visit.

  • Arrange with Keeley Anderson
  • Arrange with Dimple Tuteja
  • About this sold property

    An unmissable investment opportunity awaits! Secure these two outstanding studio units on a single title, situated in the highly coveted Frankton area of Queenstown.

    Offering comfortable living spaces, each studio unit features a kitchenette with a fridge freezer, a stovetop and microwave convection oven, and cozy Rennai gas heaters. Both units have sliding door access to a timber deck, where you can unwind and soak in the breathtaking views of Lake Wakatipu and the surrounding mountains. There is an ensuite in each unit with a shower over the bath. The floor area of the units combined is approximately 40m2 with 20m2 (more or less) verandahs and additional deck areas. Currently both studios are tenanted by great occupants and will provide a hassle-free way to start earning on your investment immediately.

    Conveniently located just steps away from the Frankton lakefront, park, Frankton Arms Tavern, and bus stop, this property perfectly blends convenience with lifestyle appeal. With minimal maintenance requirements, it's an ideal opportunity for those looking to enter the Queenstown property market. With two self-contained studios on two separate tenancy agreements, there are multiple options for this awesome and unique property whether you wish to keep both studios rented, live in one, and rent the other to subsidise your cost - the choice is yours!

    Don't let this remarkable opportunity slip away - Get in touch today for a full information pack with market rental appraisals, building reports, LIM, Body Corporate Documents, and more.

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    Key selling points

    • 60m2
    26 and 27/4 Lake Avenue, Frankton, Queenstown, Otago | Tall Poppy
    • 20+
    26 and 27/4 Lake Avenue, Frankton, Queenstown, Otago | Tall Poppy
    26 and 27/4 Lake Avenue, Frankton, Queenstown, Otago | Tall Poppy
    26 and 27/4 Lake Avenue, Frankton, Queenstown, Otago | Tall Poppy
    26 and 27/4 Lake Avenue, Frankton, Queenstown, Otago | Tall Poppy

    About this property

    IV

    $85,000

    LV

    $320,000

    Rateable Value (RV)

    $405,000

    Rates

    $2,829.01

    Notes

    Ceiling Insulation: r3.6 - as per tenancy HH Wall Insulation: r2.8 as per tenancy HH Statement

    Wall Insulation

    Full

    Ceiling Insulation

    Full

    Water Supply

    Town Connection

    Sewage

    Mains

    Internet Type

    Fibre

    Pet Restrictions

    Yes - No pets without BC Permission

    Property Views

    Lake Views

    Gas

    Mains

    Room Heating

    Gas

    Foundations

    Concrete Slab

    Glazing

    Double Glazed

    Joinery

    Aluminium

    Roofing

    Corrugated iron

    Cladding

    Weatherboard & Block

    Body Corporate Chairman/Company

    Classic Holidays - Nadia

    Pre-Contract Disclosure received

    Yes

    Body Corporate Fees

    $3,915.22

    Chattels

    Fixed floor coverings, Rangehood x 2, Electric hob x2, 2 Gas Rennai Heaters, Light fittings, Window treatments, 2 x fridge freezers, 2 x Microwave Convection Ovens

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