2/24 Hawthorne Drive, Frankton, Queenstown, Otago 9300

^Floor 140m²

For sale

$1,570,000 + GST (if any)

High Yield Queenstown Commercial

Further price reduction - owners want this sold

An attractive fully leased corner retail / office unit located on the Ground Floor of the Ramada Remarkables Suites within Remarklables Park Frankton. The Ramada Remarkables Suites is a modern hotel located in Frankton in close proximity to the Remarkables Park Shopping Centre.

Investment Highlights
• Fully tenanted commercial asset
• WALT - 4.2 years
• 6.01% return
• Rare small sized retail / office offering
• Modern good quality building
• Growing tourism location with a proposed convention centre nearby
• Adjacent to the Research and Innovation Hub that is under construction

Unit 2 comprises two tenancies on the south-western corner of the building having good profile to the main vehicular entrance to the hotel. The subject tenancies are fully lined, with one comprising a medical room type fitout and the second premises an open plan office.

Surrounding tenancies include a cafe, pizza shop, Thai restaurant, laundromat and library. The subject unit has frontage to the south-west and to the south-east.

The Ramada Suites is a four-storey complex comprising of steel framing and concrete tilt panel with the subject unit on the ground floor.

Unit 2 has a 2/9th share of 19 car parks are available to the front of the Ramada complex on Accessory Units 46 and 47 and on the western side of the subject is a large Remarkables Park car park.

Tenancy 1 has a Net Lettable Area of 54 sqm and Tenancy 2 a Net Lettable Area of 82 sqm.

For Sale by Negotiation - Asking Price $1,570,000 plus GST (if any).