Unit 115 Ramada Remarkables

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Priced to sell! Managed Apartment in Frankton

Located in the popular Ramada Remarkables Park Hotel, this fully furnished non-residential studio apartment offers a smart, low-maintenance investment with the bonus of 10 days free owner use every year.

Designed with modern finishes and efficient use of space, the apartment is part of a high-quality, architecturally designed hotel complex featuring just 54 units, a gym, restaurant, and conference facilities.

Currently leased to Ramada with a long-term agreement in place, this property delivers a gross return of $1,348.48 per month—ideal for investors looking for hands-off income and a reputable commercial tenant.

Situated just 2 minutes from Queenstown Airport and 7 minutes to the CBD, with shops, eateries, and amenities right on your doorstep at Remarkables Park Town Centre.

Price is plus GST (if any)

• 28sqm studio apartment

• Fully furnished by Ramada

• 10 days free use per year for owners

• $1,348.48 monthly return

• Long lease with established hotel operator

• Superb location near airport and local shopping centre

Executive Summary

Address Unit 115 Ramada Remarkables, 24 Hawthorne Drive, Frankton, Queenstown

Rates QLDC: $ 3,129.63 per annum | ORC: $203.42 per annum

Body Corporate

$2,630.47 per annum

CV $190,000

Floor Area 28m² more or less

Built 2016

Floor Coverings Carpet, tiles

Windows Aluminium joinery, double glazing

Heating Air conditioning

General Features Central location

Aspect East

Laundry Part of bathroom

Views Mountain

Parking On site parking available on a first in first served basis

Other Information

The following information is also available for this property - contact us for your copy.

• Record of Title

• Management Agreement

• Pre-Contract Disclosure Statement

Frankton

Frankton was founded in 1863 during the gold rush, with the earliest of the residential housing built between 1910 - 1920. Most of the houses we see today were constructed in the 1990s, but the town still hides many historic gems scattered around the area. Frankton today is a very popular place to buy or rent due to its easy access to shopping, cafés and restaurants, excellent schooling of all levels, mountain views and yearround sun. Frankton is also home to the Remarkables Park Shopping Centre, Queenstown Central and Five Mile Shopping Centre and multiple supermarkets and big-box retailers, as well as a host of commercial and industrial amenities. Queenstown International Airport is also located here and Frankton plays host to the public transport hub, with Frankton Bus Shelter at the heart of the suburb. To top it all off, locals can enjoy Frankton Bay, which is an incredibly popular spot to relax or enjoy watersports in the warmer months. It is also a beautiful place to simply sit and take in the stunning views down the Frankton Arm of Lake Whakatipu.

RECORD OF TITLE UNDER LAND TRANSFER ACT 2017

UNIT TITLE

Guaranteed Search Copy issued under Section 60 of the Land Transfer Act 2017

Identifier 736716

Land Registration District Otago

Date Issued 03 June 2016

Prior References

736700

Estate Stratum in Freehold

Legal Description Principal Unit 115 Deposited Plan 497989

Registered Owners

Hui Li

Supplementary Record Sheet 741006

The above estates are subject to the reservations, restrictions, encumbrances, liens and interests noted below and on the relevant unit plan and supplementary record sheet

10059351.6 Encumbrance to Remarkables Park Limited - 14.7.2015 at 5:07 pm

Appurtenant hereto is a pedestrian access easement created by Easement Instrument 10404894.12 - 3.6.2016 at 5:43 pm

The easements created by Easement Instrument 10404894.12 are subject to Section 243 (a) Resource Management Act 1991

Client Reference acuebillas001

Meet our team.

Queenstown Residential

Fred Bramwell Director Sales Consultant 021 435 694

Brendan Quill Sales Consultant 021 416 785

Eoin Miles Sales Consultant 027 777 2006

Maria Wyndham Sales Consultant

021 997 522

Paula Gilmartin Sales Consultant 027 376 4395

Stephen Hebbend Sales Consultant 021 453 881

Zach Hylton

Sales Consultant

027 369 6805

Raylene McQueen Business Manager 021 045 0813

Candice Buchanan Sales Consultant 027 630 1283

Hugh Clark Sales Consultant 027 223 2997

Mei Chen Sales Consultant 022 075 9847

Poppy Jefferies Sales Consultant 022 043 9935

Vera Stewart Sales Consultant 021 059 6266

Anna Wang Sales Consultant 027 788 8696

Doug Reid

Sales Consultant 027 431 3278

Jesse Johnston Sales Consultant 027 733 7755

Nicole Bell Sales Consultant 021 898 326

Richie Heap Sales Consultant 021 500 815

Vicky Tomich Sales Consultant 021 0265 5092

Colliers Otago

Colliers Otago’s residential sales team provide leading property sales and marketing services with an established track record and unrivalled teamwork. We think global and act local, with strong regional knowledge and connections across all property sectors. Our residential team is focused on adding value to our clients’ investment decisions. We are market leaders in research, allowing a unique, knowledge-based approach to buying and selling. As the largest multi-service real estate professionals in Otago and Southland, we have specialists working in residential property, commercial sales and leasing, tourism brokerage, valuation and advisory. With offices in Queenstown, Wanaka, Cromwell and Dunedin, we can cater for your specific real estate requirements - strengthened by our national & international Colliers network.

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The information contained herein or otherwise in relation hereto is provided by Colliers and affiliated companies in their best judgement, in good faith and as far as possible based on data or sources which are believed to be reliable. The material contained herein is not intended to substitute for obtaining individual advice from a qualified professional person. Colliers, its officers, employees and agents expressly disclaim any liability and responsibility to any person whether a reader of this publication or not in respect of anything and of the consequences of anything done or omitted to be done by any such person in reliance whether wholly or partially upon the whole or any part of the contents of this publication. Therefore we record Colliers has used its best endeavours to ensure the information provided is true and accurate but Colliers does not accept any responsibility or liability in respect of any errors, inaccuracies or misstatements which may be contained in them. COPYRIGHT Colliers. All rights reserved. No part of this work may be reproduced or copied in any form or by any means (graphic, electronic or mechanical, including photocopying, recording, recording taping, or information retrieval systems) without the written permission of Colliers.

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