Pictures23

Map

Video & 3D tour1

409/18 Mountain Ash Drive, Frankton, Queenstown

$1,195,000

2

109m²

Remarkable Managed Investment Opportunity

Seize the opportunity to invest in the thriving Queenstown property market with this stylish, 2 bedroom, 2 bathroom dual key apartment at LQ Queenstown. Perfectly situated for lifestyle convenience and growing returns, this apartment offers modern holiday living in one of New Zealand's most iconic locations.

Positioned on Level 4 and with stunning views to the south up to The Remarkables and west towards Queenstown, Apartment 409 is one of just a handful of oversized, two bedroom apartments boasting an internal measure of 109m2 and features a dual key configuration offering maximum flexibility for short-term rental accommodation.

In near new condition and fully furnished, the apartment has recently been placed in management and is performing very well – delivering circa $22,000 to the owners in just the last 4 months!

Stylish open plan kitchen, dining and lounge open to a covered corner balcony capturing plenty of afternoon and evening sun. The Master bedroom is very well-sized, with ensuite bathroom and dual built in wardrobes.

The dual key configuration provides for a separately accessed fully self-contained suite with bedroom, bathroom (incl. laundry) and full kitchen.

Apartment can be rented out as a 1 bedroom apartment plus 1 bedroom suite or collectively as a 2 bedroom apartment.

Located in the sought-after LQ complex, just minutes from Queenstown’s international airport, major shopping areas, and world-class ski fields, making it attractive for both long-term and short-term rentals.

Enjoy peace of mind with secure access, dedicated parking, and low maintenance living, making it a hassle-free investment for those looking to enter the Queenstown market. And be safe in the knowledge that you can continue with the incumbent managers and continue to earn a solid income.

Property to be sold fully furnished as shown in images (chattels list available on request).

This is the perfect chance to enter the Queenstown market with an investment offering excellent income and growth potential.

Additional details

Type

Apartment

Property ID

2025003

Listed on

26/02/2025

Updated

22/04/2025

Property insights

OneRoof estimateRating valuationProperty history

Rating valuation

OneRoof mentions

Listed for sale on OneRoof for 135 days (last updated on 26 February). Its latest rating valuation by Queenstown council is $1,050,000 as of 2024. There are 19 2-bedroom properties for sale nearby. There are 51 properties for sale in Frankton.

Similar properties for sale

New

Video available

Dual income opportunity – nest & invest!

$950,000 +

3/7 Market Street, Frankton

2

1

Price By Negotiation

311/24 Hawthorne Drive, Frankton

2

1

Open Home

Become Homeowner AND Landlord on the Same Day!

Enquiries over $800,000

104A/16 Mountain Ash Drive, Frankton

2

$649,000 + GST (if any)

306 Ramada Remarkables Park, 24 Hawthorne Drive, Frankton

2

$845,000 +

Waipuna Rise/A1 Frankton-Ladies Mile Highway, Frankton

2/7 Market Street, Frankton

2

1

Property data

Broadband available

Floor area

109m²

Type of title

Unit Title

Decade of construction

2020s

About the area

Market insights

Insights for all bedroom homes in Frankton

Property type

All property types

Bedrooms

All

Time (yrs)

5 yrs

Home services

Mortgage Calculator

NEW

Fortnightly Repayments

Loan term

Total interest

Interest rate

Total cost

Press calculate to work out your mortgage repayments and how quickly you can pay off your loan.

Find out what you can afford Apply now

Disclaimer

Home Improvements Loan calculator

AMI House Insurance

On your side with these great benefits

Natural disaster cover for earthquakes, natural landslips, hydrothermal activity, tsunami, natural fires, & volcanic activity.

Temporary accommodation for you, your family, and your pets if you need to be evacuated from your home.

Get replacement keys and locks if yours get lost or stolen and pay no excess.

Access to AMI HomeHub, our first-class home repairer that brings together a team of experts to take care of your home claim repairs from start to finish.

Learn about these great benefits and more

*Exclusions and limitations apply. Talk to us about these or refer to the full policy document which can be found on our website.

Frankton, Queenstown

Frankton is a suburb which lies within the Territorial Authority of Queenstown, one of 24 residential suburbs which form the wider region. Frankton is the 6th largest suburb of Queenstown in terms of the total number of residential housing stock. Frankton provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1910 - 1919. The majority of the residential housing stock in the locality was constructed between 1990 - 1999. Residential housing stock in Frankton is made up of approximately 93% residential housing , 6% residential investment housing and 1% lifestyle properties.

Learn more