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
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Queenstown Residential
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