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15
Become Homeowner AND Landlord on the Same Day!
104 A&B/16 Mountain Ash Drive, Frankton
2
2
2
85
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
Show more
Address
104 A&B/16 Mountain Ash Drive, Frankton
Price
SOLD Sep 25
Type
Apartment
Bedrooms
2 Bedrooms
Bathroom
2 Bathrooms
Parking
2 Carport
Floor area
85
sqm
approx.
Listing ID
L35045360
Office
REMAX Revolution
Price
SOLD Sep 25
Esteban Sanguineti
Sales Associate
m.
0212078959
b.
09 261 2555
queenstown.enterprise@remax.co.nz
Licensed under the REAA 2008
Cory McVicar
Sales Associate
m.
021 455 345
b.
09 261 2555
cory.mcvicar@remax.co.nz
Licensed under the REAA 2008
REMAX Revolution
611 Great South Road
Manukau City
Auckland, 2104
b.
09 261 2555
f.
09 261 2556
www.remaxrevolution.co.nz
salesrevolution@remax.co.nz
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