302/32 Red Oaks Drive
Frankton, Queenstown Lakes District
$239,000 + GST (if any)
1
1

Hands off investment in Frankton

This fully furnished studio room is managed by the Wyndham Gardens - one of the largest and most trusted hotel franchises in the world. This building has fantastic views of the Remarkables Mountains and across to Coronet Peak. Facilities include an on-site cafe, a fitness center and ski storage spaces.

There are a variety of popular activities available in the area including skiing and cycling. Queenstown Airport is 1 km away and Queenstown Event Centre is 1.3 km away. Close to Remarkables Park Shopping Centre. The Remarkables is 6 km from the property. This convenient and popular tourism location offers potential for growth. Start your Queenstown investment portfolio in the heart of Frankton now!

- On a long-term lease, generating a monthly return of approx. $1,395.87 paid directly into your bank account on a monthly basis.
- In the meantime, with a lease term of 30 years (15+5+5+5) with Wyndham Garden Hotel from April 2018, buying it for long-term stability and profitability. Even keep this hands-off and hassle-free investment to help kids onto the ladder when their time comes.
- 10 days free use per annum for owners - you can earn monthly cash income and also enjoy the free stay at the same time!
- Council Rate: $2,806.64 p.a, CV $260,000
- The body corporate levies payable for the unit for the current financial year period, 6th April 2024 to 5th April 2025 is $2,961.79 including GST.
- Total of the last 12-month income: $16,991.37 (From 1 Apr 2023 to 19 Mar 2024)

Don't miss out on this chance to invest in Queenstown. Contact us now to get more info!

* photos are from similar unit, for indication only.

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Property Features

Property ID: MRK30013
Bedrooms: 1
Bathrooms: 1
Building: 28m2
Listed By:City Realty Mt Roskill Limited Licensed REAA 2008
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Attachments

Title - 302_32 Red Oaks Drive.pdf
Guide - OIA Anti money Laundering Flyer.pdf
Guide - Sales and Purchase Guide NEW.pdf
Financials as at 26 JUN 2023.pdf
IMS_Package_Schedule.PDF
LTMP - 32 Red Oaks Drive.pdf
Operating Budget 06.04.2022 - 05.04.2023.pdf
Operating Budget 6.4.2021 - 5.4.2022.pdf
AGM Agenda - Financials 27.5.2021.pdf
AGM Agenda 27.5.2021.pdf
AGM Agenda 27.5.2022.pdf
AGM Agenda 31.05.2023.pdf
AGM Financials 27.5.2022.pdf
AGM Financials 31.05.2023.pdf
AGM Minutes 27.5.2021.pdf
AGM Minutes Amended 27.05.2022.pdf
BC 521081-83 - 31.05.2023 AGM Minutes.pdf
BC 521081-83 - Operating Budget 06.04.2023 - 05.04.2024.pdf
Body Corp Rules Hotel.pdf
Final Budget CHANGES.pdf
Financials 6 APR 2023 to 26 JUN 2023.pdf
S&P Agreement from vendor.pdf
Loan Market Flyer - 302-32 Red Oaks Drive.pdf
PCDS - 302 32 Red Oaks Drive, Frankton.pdf
Insurance Statement 2024.pdf
01.05.24 AGM Minutes with Building Report.pdf
BC 521081-3 - 01.05.2024 AGM Agenda.pdf
BC 521081-3 - Operating Budget 06.04.2024 - 05.04.2025.pdf
Financials 2.pdf
Financials.pdf
May Ma, Licensee Salesperson & Director at Ray White Mt Roskill