66 Marina Drive, Frankton

66 Marina Drive is a modern, multi-unit accommodation property, well located between Frankton and Queenstown. It is a property which presents an opportunity for any business looking to accommodate its staff, or for an astute rental investor looking for some scale. 66 Marina Drive comprises an easy to manage, concrete and steel complex of 19 self-contained accommodation units. It offers a well-balanced mix of six bed-sit studio, seven one-bedroom and six two-bedroom configurations - each with an allocated carpark. In the current accommodation market, product such as this is in high demand, with any vacancy being easily filled. 66 Marina Drive is offered to the market at an asking price point of ‘Offers over $7.5M inclusive of any GST will be considered’. An offer can be made and the property sold at any time, so your earliest enquiry is strongly recommended. The sharp asking price point reflects our ‘out of town’ seller’s change in circumstances and strong motivation to liquidate this property. This presents a compelling opportunity for prospective purchasers. The sharp asking price is substantiated by the property’s 2024 Government Valuation of $7.780M, its QV value estimate of $8.170M, it last selling in early 2022 for $7.90M, that it represents a level at, or below replacement cost, and that it provides a fair return on investment. Contact us today to understand the attributes of this attractive offering, and to view....