Frankton Road - Queenstown

19 Margaret Place, Frankton Road, Queenstown, Otago 9300

  • Floor 840m²
  • Land 1112m²

Sold

Rare Industrial Offering with Upside

Colliers is pleased to bring 19 Margaret Place, Frankton to the market for sale by Deadline Private Treaty closing 4pm, 4 August 2022, unless sold prior.

The offering consists of a multi-tenanted, fully leased industrial property on 1,112sqm of freehold land in the heart of the Frankton industrial area. The building itself is comprised of 3 tenancies spread across a total of 967sqm of net lettable area (floor areas approximate and subject to final measure). Currently returning $127,730 p.a. + GST, this investment has significant rental upside - astute investors will realise the potential gain!

Boasting road frontage to Margaret Place, the property's L-shape ensures that all tenancies within the building have exposure to passing traffic whilst still ensuring a clear accessway for suppliers, customers and staff. The functional tenancy sizes mean that the building fits a range of business purposes, making it an attractive offering for any future prospective tenants.

This is an excellent opportunity to purchase a large landholding within the Frankton industrial area, with significant rental potential. Enquire with one of the sole agents today for further information.

Features:

• 1,112m2 freehold site
• 967m2 net lettable area
• Returning $127,730 net p.a. + GST
• Fully leased, multi tenanted
• Prime Frankton location
• Industrial A Zoning

For more information please call James Valentine, Mary-Jo Hudson, and Rory O'Donnell.

Property Details

Ref

  • 67019766

Property type

  • Industrial

Floor area

  • 840 sqm

Land area

  • 1112 sqm

Location 19 Margaret Place, Frankton Road, Queenstown, Otago 9300

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Mark NEW v2

Mark Simpson

Director / Commercial Broker

Queenstown Office

James V NEW v2

James Valentine

Commercial Broker

Queenstown Office

Mary Jo

Mary-Jo Hudson

Commercial Broker

Queenstown Office

Rory ODonnell NEW v2

Rory O'Donnell

Commercial Broker

Queenstown Office

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