28 Stewart Street
Frankton, Queenstown Lakes District
SOLD
4
2
2

Opportunities Galore

Location, Options, Income and Much More!

Boasting a spacious 1000+ sqm section, this property offers stunning Lake Wakatipu views on one side and convenient access to Frankton Road on the other. The proximity to the "corner shop commercial zone" enhances its redevelopment potential.

There are multiple income sources on the property. Two well-maintained two bedroom units generate immediate rental income, providing a steady cash flow. A double garage with a toilet and shower offers additional income potential or can be used for storage. This allows you to decide on your future development strategy while enjoying the current income stream.

After 30 years with the family, this property is on the market, giving you the chance to secure a piece of Queenstown's history. The purchase options are flexible - you can buy vacant or with existing tenants on a periodic tenancy.

The property is perfect for investors seeking a dual-income property with future development potential, developers looking for a prime location for their next project, or astute buyers who appreciate breathtaking views and endless possibilities.

Contact us today to schedule a viewing and secure your piece of paradise!

Open Homes

Property Features

Property ID: QTN30587
Bedrooms: 4
Bathrooms: 2
Building: 160m2
Land: 1012m2
Listed By:Wakatipu Realty Group Limited Licensed (REAA 2008)
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Chattels:

  • Extractor Fan
  • Light Fittings
  • Floor Covers
  • Curtains
  • Stove
Hitesh Talreja, Licensee Salesperson at Ray White Queenstown