10/507 Frankton Road, Queenstown

This gem features a two double bedroom, one bathroom, two level layout and enjoys knockout bluewater lake views. From your own balcony you can enjoy coffee whilst you watch the boats go by or look up at the mighty Remarkables! This represents a fantastic initial step onto the Queenstown housing ladder - perhaps as a first home for a young couple, an addition to your investment portfolio or as a lock and leave holiday home in New Zealand's favourite resort town. You can live in, rent long term or there is a resource consent in place for UNLIMITED 365 night short term visitor accommodation. It is entirely up to you! Aside from the paramount position, the complex was designed by acclaimed Dunedin Architects "Mason and Wales" and built in 1997. Exterior construction is concrete tilt slab, there is a low body corp fee and a designated car park attached to the Title. Both bedrooms have built-ins and a sliding door off one bedroom accesses a private patio (also with outstanding views). The townhouse is double glazed and there are three heat pumps (one in the living room and one per bedroom) ensuring comfortable year round climate control. Whilst recently refreshed, there is scope for you to further enhance and adorn. Walk down the complex's private staircase and join the Frankton walking track to either town or Frankton. The popular $2 bus stop is a short walk away too. Wise property purchases are always about the location and to find such a lakefront gem in a small and robust development yet so close to amenities will surely underpin the strength of your investment. Please take note: Permanent materials. Lakefront. Capital appreciation. Such entry level opportunities are super rare, so don't delay as this property will be sold on Auction day (if not before). Offered with vacant possession. The Capital Value is $590,000 (01 July 2017). Auction to be held at the New Zealand Sotheby's International Realty Auction Room (unless sold prior)....