SOLD
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+15

Become Homeowner AND Landlord on the Same Day!

104 A&B/16 Mountain Ash Drive, Frankton

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A rare opportunity to secure a high-yield investment or flexible home-plus-income setup in the sought-after Mountain Ash complex, right in the heart of Frankton.

Unit 104/16 Mountain Ash Drive is a spacious Dual Key apartment (approx. 85m² including balconies), comprising two fully self-contained and furnished units:
  • A studio currently rented at $500 per week (fixed tenancy until 29 September, with tenants wanting to extend)
  • A one-bedroom unit currently rented at $600 per week (periodic tenancy, allowing flexibility for vacant possession)

Layout & Features:
  • Common foyer with private entrances to each unit
  • Full kitchens with oven, cooktop, dishwasher, and plenty of storage
  • Laundry connections in both bathrooms
  • Private balconies off each unit
  • Both units come fully furnished
  • Two car parks included (within the CCTV-monitored complex)
  • North-facing with all-day sun and panoramic views of Coronet Peak, Crown Range and Cecil Peak
  • Positioned on the first floor with complete privacy

Financials:
  • Total Rental Income: $1,100 per week
  • Capital Value: $850,000
  • Asking Price: $850,000

Motivated vendor wants to make a move after owning the property since settlement in December 2020.
This is a rare chance to become a homeowner and a landlord on the same day. Ideal for first-home buyers wanting additional income or savvy investors seeking strong returns in a growing Queenstown location.

Important Note: The current photos do not reflect the true quality of this property. It must be viewed in person to be fully appreciated.

As a former building manager for the complex and senior property manager with extensive experience in Queenstown Body Corps, Esteban can offer investors in-depth knowledge and guidance. Our Queenstown team is well placed to answer any questions you may have about returns, demand, or rental options.

Contact Us Today:
Esteban Sanguineti (Queenstown-based): 021 207 8959
Cory McVicar (Queenstown-based): 021 455 345
104 A&B/16 Mountain Ash Drive, Frankton
SOLD Sep 25
Apartment 
2 Bedrooms
2 Bathrooms
2 Carport
85 sqm approx.  
Listing ID L35045360
REMAX Revolution

Price

SOLD Sep 25
Sales Associate
Licensed under the REAA 2008
Sales Associate
Licensed under the REAA 2008
611 Great South Road
Manukau City
Auckland, 2104
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