Cashflow Positive in Queenstown

Frankton Flats, Queenstown - From $860,000

Remarkables Residences on the Frankton Flats in Queenstown, consist of a range of three and four-bedroom multi-storey townhomes surrounded by a vast array of lifestyle amenities, retail and dining.


Highlights:

Property Features: 3 & 4 br Townhouses

  • Price: From $860,000
  • Gross Yield: 6.88% (based on rent per room figures)
  • Rent Appraisal: $700 - $1,050 p/w (4 br / 3 ba)
    $950 - $1,150 p/w (3 br /2 ba + self contained studio)
    $750 - $850 p/w (3 br / 2 ba + office)
    $1,150 - $1,350 p/w (4 br / 4 ba + self contained studio)
    Written Appraisal available to potential purchasers

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Additional Information

These modern town-homes are designed with executive finishings and are generously sized, available from just $860,000. The pricing in the first stage is exclusive preconstruction pricing only with stage 1 due to start construction April 2017.

Queenstown is in a period of sustained development and extraordinary growth rates, with population growth increasing by 7.1% in the last year compared to national growth of just 2.1%, and visitor numbers of 66,000 on peak days.

The Remarkables town-homes are selling fast as they're attractive to both families as well as those looking for investments. This lifestyle development is encouraged by local council with stage 1 expected to be completed by December 2017.

The development is located amongst the commercial and retail hub of Frankton Flats and is just minutes from Queenstown Airport and Remarkables Park Town Centre.

Key Investment Criteria -

  • Population growth of 7.1% in the last year
  • 6.88% rental yield (based on rent per room figures)
  • Estimated pre-tax cash flow of $3,766 pa
  • Estimated after-tax cash flow of $12,836 pa
  • Well-built, stylish and low maintenance homes
  • Designed by Auckland-based Ignite Architects
  • Close to the airport and a very short walk to retail and hospitality outlets
  • 10 minutes from central Queenstown
  • 15 minutes to Arrowtown
  • 30 minutes to the ski fields

The Remarkables Residences is an exciting development of 225 new town-homes in the heart of Frankton Flats, Queenstown. With views of The Remarkables and surrounding mountains, the development will be an integral part of the Frankton Flats town centre. With new shops, supermarkets, restaurants and cafes all within walking distance, residents will be able to enjoy the benefits of genuine urban living without missing out on the outdoor lifestyle that has made Queenstown one of NZ’s most desirable cities.

There are 56 homes in Stage One with a total of 225 across all stages.

There may be higher density accommodation included in later stages, however these will be designed to complement the overall Remarkables Residences community. This could reduce the number of town-homes by approximately 25.

The development team has extensive experience in this type of development, of which all members have Queenstown experience and have completed projects in the Region.

Amenities

The Remarkables town-homes are ideally located amongst the developing residential and commercial hub of Frankton Flats. The development is positioned directly across from an office and commercial precinct including a Pak'n'Save and Mitre 10 Mega. Next door to the development is Queenstown Central shopping precinct, 5 Mile shopping centre and Queenstown Events Centre.

Remarkables Park Town Centre is located on the opposite side of Queenstown Airport which is just a stones throw from the site with a new bypass road being developed around the eastern side (rear) of the airport. This new road will connect Hawthorne Drive with Eastern Arterial Road which runs along the front of the Remarkables Residences. This new road will deliver fast access to parks and commercial areas, a new high school, Ramada Hotel and Lakes District Hospital.

Maxine Clason-Thomas
Licensed Salesperson - REAA 2008

maxine@ifindproperty.co.nz
021 990 252

Contact us about this property

Agent Contact Details

Maxine Clason-Thomas
Licensed Salesperson - REAA 2008

maxine@ifindproperty.co.nz
021 990 252

I used Maxine to buy an apartment while overseas, she was very quick to reply to all my questions. Working with her made the whole process go a lot smoother. She understands the struggles of buying Property while overseas so she helped me out in anyway she could. I would highly recommend her.

Moemen Elbeltagi

Maxine persevered with us investigating many properties in a very challenging market, before completing a successful purchase.

We were very pleased with her determination to find the right deal for us, in particular as we are out of NZ, and need to rely heavily on local knowledge and advice.

John & Penny

It has been a pleasure to work with Maxine on this purchase. I found her to be personable, responsive, intelligent & experienced, very helpful and available.