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Fernhill/Sunshine Bay, 8 MacKinnon Terrace

7 bedroom investment property with proven cashflow

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Listing Number: QT5739
About this listing
A genuinely rare find in the Queenstown market! Presenting you with seven bedrooms in a convenient location close to downtown Queenstown, 8 Mackinnon Terrace embodies an incredible opportunity for the smart investor, and a unique capacity for consistent and strong cashflow.

This home is a proven rental property and ideal for someone looking for a strong investment or for a local business or employer needing staff accommodation.

A local business currently rents the property for $1,550 per week and, based on the asking price of $1,195,000, this represents a 6.7% return on investment. However, a current rental assessment states that the weekly rate could now be increased to $1,750, producing a substantial 7.6% return for you.

The property is fully furnished for your convenience, with three bathrooms and an enlarged kitchen complete with white goods and two ovens. A large balcony overlooks the surrounding mountains and Lake Wakatipu.

This would be a simple purchase - the property is in a tidy condition, easily rentable and close and convenient to central Queenstown. Queenstown's shortage of rental property would put this spacious home in very high demand and could provide you with great returns immediately.

Contact Kirsty and Adam today for more information, the full rental assessment or to arrange your inspection. You won't regret adding this cash-cow to your property portfolio.
Property Information
  • Land Size: 750 sqm
  • Tenure: Freehold
  • Property condition: Renovated, Good
  • Property Type: House
  • House style: Executive
  • Garaging / carparking: Internal access, Double lock-up, Off street
  • Construction: Plaster and Linea & Timber
  • Joinery: Aluminium
  • Roof: Iron
  • Insulation: Upgraded to meet new regulations, Ceiling
  • Flooring: Carpet and Vinyl
  • Window coverings: Drapes, Blinds
  • Heating / Cooling: Woodfire (Closed), Ducted heating, Electric, Other (Ventilation System & Heat Pump x 2)
  • Electrical: Satellite dish, TV points, TV aerial, Phone extensions
  • Property Features: Smoke alarms
  • Chattels remaining: Blinds, Fixed floor coverings, Light fittings, Stove, Curtains, Dishwasher
  • Kitchen: Modern, Dishwasher, Separate cooktop, Separate oven, Rangehood, Double sink, Waste disposal, Microwave, Gas bottled, Pantry and Finished in Laminate
  • Living area: Separate dining, Separate living
  • Main bedroom: Double and Walk-in-robe
  • Ensuite: Separate shower
  • Bedroom 2: Double
  • Bedroom 3: Double
  • Bedroom 4: Double
  • Bedroom 5: Double
  • Bedroom 6: Double
  • Bedroom 7: Double
  • Additional rooms: Family, Conservatory / sunroom
  • Main bathroom: Bath, Separate shower, Exhaust fan
  • Laundry: Separate
  • Views: Bush
  • Outdoor living: Clothes line, Garden, Deck / patio
  • Fencing: Partial
  • Land contour: Flat to sloping
  • Garden: Garden shed
  • Water heating: Gas
  • Water supply: Town supply
  • Sewerage: Mains
  • Locality: Close to transport

Contact Details

Harcourts Queenstown

Highland Real Estate Group Ltd

Licensed REAA 2008

39 Shotover Street
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