Terrace Junction/1088-1092 Frankton Road, Frankton, Queenstown, Otago 9300

^Floor 6175m²
^Land 8752m²

Sold

Prime Location - Multi Tenanted Commercial Complex

Colliers present this exclusive opportunity to secure a multi-tenanted Commercial Investment property, strategically located at the entrance to Frankton Queenstown.

With a total annual rent of $1,545,804.28 + GST and outgoings (current as of 01/02/2022) the property is a strategic 3-level commercial complex with a mix of established tenants including retail, health & wellness, medical services and office space. The property comprises a prominent land holding over two freehold titles, with a land area of 8,752sqm (more or less).

Terrace Junction comprises two integrated buildings that include twelve ground level retail/restaurant tenancies and an upper level with Medical/office accommodation with a total lettable floor area of 6,175sqm (more or less). There are 70 basement carparks with a further 40 open carparks surrounding the buildings for non-exclusive customer use.

This is an exceptional location on a high-profile corner intersecting Frankton Road and State Highway 6 as the main arterial into Queenstown and access to the Queenstown International Airport.

Commercial Property investment opportunities of this nature in the heart of Queenstown are rarely available and therefore highly sought after.

• Established mix of local and international retail, office, and medical service tenants
• High profile location
• 8,752sqm land area on 2 freehold titles
• 6,175sqm floor area over multi-level buildings
• Excellent carparking (covered and uncovered)
• Ability to maximise rental growth potential

Terrace Junction is For Sale by Deadline Private Treaty closing 4pm on 17th March 2022 (unless sold prior).

For more information please contact Mark Simpson or Rory O'Donnell in the Queenstown office.