Queenstown Investment with Views

6B/54 Fryer Street
Queenstown
Offers invited over $800,000



4 beds
1 bathroom
1 car
115m² Floor Area

Unit 6B, 54 Fryer Street is a 115m² four bedroom one bathroom apartment occupying the top two levels of an eleven unit apartment block.  Located 940 metres north of the Queenstown CBD, the apartment is walking distance to all the bars and restaurants that Queenstown is famous for.

The property has a large 33m² deck allowing panoramic mountain views from Coronet Peak in the north to Cecil Peak in the south.

Unit 6B offers its new owner a range of options.  Our out-of-town owner enjoyed strong rental returns (in excess of $350 per week per bedroom) renting the unit to hospitality workers.  Located in the High Density Residential Zone, it could be used for short term visitor accommodation (resource consent required), with four other units in the block already having consent for that purpose.  Another option is to take advantage of the proximity to town and Queenstown Primary School and turn the apartment into a low maintenance home or lock and leave holiday spot.

Recently recarpeted, the internal walls and kitchen have seen some wear and tear, and there’s room to add value through renovation.  The property comes with one allocated carpark located at the top entrance to the complex on Huff Street.

The Fryer Street complex was built in 2004 and underwent remediation work on the cladding and decks in 2015.  Full details available on request along with a LIM Report and Body Corporate Minutes.

Karen Castiglione

Karen Castiglione
Lawyer/Director

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