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: Enquiries over $800,000
Motivated vendor needs 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.
