Price by negotiation
Property type: House
Land area: 1384sqm
Parking: 3 x Off-street parks
705 Frankton Road, Queenstown
Lakefront income opportunity
An astute investment combined with a great place to live and income options too - this spectacular property really does have it all. Elevated directly above the lake and walking track, with direct access to the water, 180 degree unobstructed views are just the beginning for this prime site.
1384sqm of High Density sub-zone A land, this absolute lakefront site offers a wealth of possibilities for developers, plus a fully furnished multi-level four bedroom home, self-contained unit below and separate studio. Landbank for the future or explore the potential for further multi-unit development.
The main two-storey home beautifully captures the lake and mountain views, and encompasses multiple dining/living areas and access out to sheltered, private outdoor areas. A Yunca Wegj burner is flanked by two window seats built into the schist surround. Four spacious bedrooms all enjoying lake views (two with ensuites and one with walk-in robe) and a mezzanine overlooking the living below plus a family bathroom are located on the upper level.
Currently tenanted, the tidy one-bedroom self-contained unit has a private entrance, knockout views and access to the walking track. The separate studio at the back of the home is well-appointed with a modern kitchen/laundry, ensuite and patio from which to soak up the views. Two superb rental options with great income potential!
All dwellings are well maintained and hugged by a neat, private garden set back from the road. Opportunities of this quality rarely present themselves - savvy buyers should view today.
• Furnished four bedroom, 3.5 bathroom home plus self-contained unit and separate studio (three potential income options)
• Rare absolute lakefront opportunity with so much potential for the future
• 1384sqm High Density Sub-zone A land - easy drive to Queenstown and Frankton
• Garage, double carport and off-street parking
705 Frankton Road, Queenstown
Living Room: 3
Interior Features: Paint
Flooring: Carpet, Tiling
Windows: Aluminium joinery, Double glazing
Exterior Construction: Brick
Grounds: Landscaped, Courtyard, Trees, Lawn
Views: Lake, Mountain
Insulation: Ceiling, Walls
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.
Founded in 1862, Queenstown is a resort town built around an inlet of Lake Wakatipu. Originally a farming and gold-mining town, Queenstown is now known for its commercial tourism activities, and has four-seasons appeal. The centre of Queenstown consists of a few streets tightly-packed with tourism operators, restaurants, souvenir shops, bars, cafes and outdoor pursuits retailers. Everything’s within easy walking distance, including the iconic Skyline Gondola which takes visitors up to the top of Bob’s Peak, overlooking the town.
Due in part to the ever-changing population, the town centre has extremely sought-after housing. There’s ample property within walking distance of town, with residences ranging from holiday apartments, family homes, cabins to rental properties occupied by multiple tenants.
Prices in the town centre prove consistently strong, in particular for properties with sought-after zoning and the ability to build more than one unit onsite. House prices remain largely immune to the area’s seasonal trends, with high tenancy demand and consistent returns.