- Two-level, six-bedroom and 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 and SH6, with exposure to over 27,000 passing vehicles per day
Introducing 1018 & 1020 Frankton Road, operating as Bedrock Queenstown, a purpose-built medium and 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 purposefully 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 and stovetops, three distinct outdoor entertaining areas, fully furnished kitchen and living areas, and ensuite bathrooms in each bedroom.
Each of the six bedrooms in each property is leased on a minimum six-month tenancy, predominantly occupied by couples. Both properties have achieved 100% occupancy since completion and are 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 exceptional 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.
This property will be sold by Deadline Sale (unless sold prior) on 3 December 2026 at 4:00pm.
For further information, please contact:
Henry Napier
+64 21 024 64785
[email protected]
William Gubb
+64 21 145 6811
[email protected]
