ID #394618 - Frankton


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$897,000
Commercial, Industrial

181 Glenda Drive
Suburb: Frankton
Area: Queenstown And District
Region: Otago

Bedrooms: 3
Bathrooms: 2


 
Unit C, Shotover Ridge offers a timely opportunity for both investors and owner/occupiers alike.

The property is located in Shotover Ridge, a well constructed 2 level multi-unit commercial development supporting 31 separate units all of similar configuration. The Shotover Ridge Business Park houses a range of uses including retail, showroom, professional services, warehouse, storage and residential. The units have been designed to allow tenants flexibility. The ground floor can be utlised as retail, office or showroom while the first floor could be additional offices or a 3 bedroom residential apartment with separate access.

Unit C is being sold with a 1 year lease to Heartland Ricoh at $51,190 + GST + OPEX. The tenant is looking to vacate the premises on expiry of the lease, allowing initial holding income followed by multiple options for the new owner. This includes occupying some or all of the space, or alternatively leasing to a third party. Unit C is well positioned to enjoy expansive mountain and river views north & east over the Shotover/Kawarau river confluence and The Remarkables. The title includes 3 allocated car parks to the front of the building in addition to the public parks for the complex.

Shotover Ridge is located on Glenda Drive in the heart of Frankton's industrial hub. Access to the Business Park is set to improve with the completion of the Eastern Access Road (currently under construction). There are currently no lease vacancies in the Shotover Ridge Business complex.

Listing Salesperson
Name: Colliers Queenstown - Colliers Queenstown
   Licensed (Real Estate Agents Act 2008)
   Member of REINZ

Email: sarah.hoogvliet@colliersotago.com

View all this salesperson's property


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