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Coronet Woodware, 99 Glenda Drive

$895,000 plus gst (if any)

Property Facts

Ref: 26377

$895,000 Plus GST (if any)

Sales type: Manufacturing

Sale/lease: Business for sale

Land area: 1078sqm

Coronet Woodware, 99 Glenda Drive, Frankton

Ref: 26377

Coronet Woodware and Joinery Ltd

A longstanding and highly successful Queenstown joinery business is available to the market for the first time. A lucrative investment, the new owner can expect to earn in excess of $400,000 a year and will be able to step into a role within the business to suit their skills. Ideal for a practical, self-motivated individual, the high standards of Coronet Woodware and Joinery Ltd have established it as a key player within the industry.

A new ALS lease will be made available for the purpose built 723sqm fully-equipped factory on 1078sqm of land at the heart of Queenstown's commercial and industrial area, Glenda Drive.

Well established sales channels and loyal clients in Queenstown's burgeoning construction industry ensure a solid stream of business.

Purchase a ready-made business and become your own boss.

• Joinery business in prime Queenstown location
• Currently operating with 8 employees plus owner-operator - key staff keen to stay on
• New owner can expect vendor to undertake handover, with option to stay on part-time basis for longer or ongoing period if required
• In business for 50 years, 25 under current owner
• Price excludes stock at $60,000 (to be valued at takeover)

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Coronet Woodware, 99 Glenda Drive, Frankton

Ref: 26377

Web Reference 26377
Property Type Manufacturing
Floor area 723sqm
Land area 1078sqm

No map view available!


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.