Lucrative investment showing good returns

2A, 54 Fryer Street, Queenstown

$785,000

3

1

1

1x Covered park

Residential For Sale

For Sale
Floor Area: 109.00 m2.    

Description

Do the maths! This property has generated approx. $25,000 net income in the Dec 18-Mar 2019 period. Truly a cash cow, this close-to-town asset has extreme income potential and the track record to back it up. Just a few minutes' walk to the very heart of Queenstown, this three bedroom unit has scope to generate income through both long and short term letting.

365 day visitor accommodation consent protects your investment, while a dedicated undercover park and storage locker make it appealing for longer-term tenants. A broad deck to the fore captures Queenstown's mountain outlooks.

In great condition and with a generous open plan living/dining/kitchen area, the unit comes fully furnished.

FOR SALE - $785,000

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Features

  • Three bedroom unit with covered park
  • Neutral colour palette
  • Just a short walk to the supermarket and town centre
  • Fully set up for holiday letting
  • Previously tenanted for $900 per week

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