1018 and 1020 Frankton Road Purpose-Built Accommodation Investments with Proven Occupancy

Available PropertyFiles:

  • Architectural Plans_Rev A-Jun24.pdf
  • Bed_Rock_Summary.pdf
  • COT - 1249989 - 1018 Frankton Road.pdf
  • COT - 1249990 - 1020 Frankton Road.pdf

Property Description

• Presenting two near-new freehold residential investment properties for sale together or individually
• Two level, six-bedroom & seven-bathroom multi-tenant residences with extensive amenities meticulously designed for long-term shared living accommodation
• Generating $370,860 net p.a. with 100% occupancy
• Combined Fee Simple landholding measuring 1,009sqm (more or less)
• Strategically located on Frankton Road just 200m from the Frankton roundabout & SH6 with exposure to over 27,000 passing vehicles per day

Introducing 1018 & 1020 Frankton Road, operating as Bedrock Queenstown, a purpose-bult medium & long-term shared living facility completed in 2024 and now for sale as two freehold investments available together or individually.

Comprising two standalone 280sqm two-storey residences which have been purposely designed and constructed to provide a premium shared living experience for medium and long-term tenants.

The identical configurations of the properties provide ample amenities for residents such as six individually allocated fridge/freezers, multiple ovens & stove-tops, three distinct outdoor entertaining areas, fully furnished kitchen & living areas and ensuite bathrooms in each bedroom.

Each of the six bedrooms in each property are leased on minimum six-month tenancies predominantly occupied by couples. Both properties have achieved 100% occupancy since completion and returning $370,860 net* TTM.

Positioned on two Fee Simple sites measuring a total of 1,009sqm (more or less) with elevated views of Lake Wakatipu.

These near-new residences present an exceptionally investment opportunity in a highly sought-after Queenstown location.

Purchase Price is Plus GST, if any.

*Net income excludes annual operating expenses including Rates, Insurance, and utilities

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Contact Henry Napier

Queenstown and Southern NZ Realty Ltd

Licensed REAA 2008

+64 3 450 0200   +64 21 024 64785   henry.napier@bayleys.co.nz   All Listings

Henry Napier is an Associate Director at Bayleys Queenstown and Cromwell specialising in Commercial, Industrial and Development Land sales.

Since joining Bayleys in 2016, Henry has transacted over $100m worth of commercial, industrial, and development land assets throughout New Zealand.

He now specialises in investment and development land sales equipped with a deep knowledge of the intricacies of the Queenstown and wider Central Otago market.

This blend of experience and results has produced a notable track record of record prices and yields and a reputation for being able to conclude complex and challenging transactions.

Covering commercial, industrial, development land, master planned developments, sales & leasing. If you have property requirements in these categories, get in touch with Henry.