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1 Gateway Apartments, 1066-1072 Frankton Road
Frankton

PBN

Property Facts

Ref: 26304

Price by negotiation

Sales type: Accommodation

Sale/lease: Business for sale

Built: 1996

1 Gateway Apartments, 1066-1072 Frankton Road, Frankton

Ref: 26304

Ultimate accommodation investment

Secure the management rights to these busy serviced apartments and purchase four high-performing units at the same time. The future of your investment is given that extra layer of protection alongside ensuring superb returns to enjoy in addition to your management income.

A lucrative position close to Queenstown International Airport, Frankton's retail options and literally at the Gateway to Queenstown, the Gateway Apartments complex is a well-established name with loyal customers, great reviews and longstanding repeat clients through corporate channels. Located perfectly to take advantage of the huge commercial and residential growth in the Frankton area, the exceptional occupancy stats showcase a buoyant business.

All units are either two or three bedroom, well maintained and set within a tidy courtyard with customer parking. The complex is a short drive to the area's renowned skifields, wineries, Lake Wakatipu and other local attractions.

Of the five units included in the purchase, one is currently used as a comfortable three bedroom manager's home. A great relationship with both the customer base and the body corporate means ease of transition for the new owners.

Strong forward bookings are in place along with efficient systems for cleaning and management. Accommodation has been identified as a significant growth industry in Queenstown; a lack of visitor beds to go round the burgeoning tourism numbers make this the ideal time to buy.

• Management rights to lucrative apartment complex plus five onsite units
• Longstanding, loyal owners with robust management contracts
• Ideal owner-operator business or employ minimal staff to assist
• Ongoing marketing in print and online via high-profile channels including Booking.com, Expedia and Wotif
• Long term lease with rights of renewal

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1 Gateway Apartments, 1066-1072 Frankton Road, Frankton

Ref: 26304

Web Reference 26304
Property Type Accommodation
Built 1996
Floor area 397sqm

hoamz accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers should make their own inquiries to verify all information.

Frankton

Fast becoming one of Queenstown’s most popular residential suburbs, Frankton is both historic and forward-moving. Named after Frances, wife of Queenstown’s first European settler William Rees, it’s stood the test of time and is only growing in popularity. Queenstown’s current surge in commercial building is centred around the Frankton Area, with the Five Mile and Remarkables Park retail/industrial/commercial/residential mix providing enticing opportunities for businesses, investors and locals.


Long-term locals love to rent or buy in Frankton for its excellent sunshine hours, easy access to shopping, great schooling and lovely mountain views. Predominantly of level contour, it’s easy to get around in Frankton and the amenities are centred and within easy reach of each other. Queenstown International Airport is located in Frankton, as is the area’s swimming pool, events centre and leisure complex. Houses range from modern homes and townhouses through retirement villages and older stand-alone properties.


Located at the end of the large inlet known as the Frankton Arm, it’s positioned on State Highway 6 and is bounded by the Kawarau River on one side.