120/4 Lake Avenue, Frankton, Queenstown, Otago

Experience the ultimate in lakeside living with these exclusive top-floor studio apartments at HQ Apartments. Featuring soaring cathedral ceilings and unrestricted lake views, these units feel more spacious and offer a heightened sense of luxury—without the seven-figure price tag.

Originally built as luxury accommodation, these self-contained studio apartments now present a rare opportunity to secure prime Queenstown real estate at a fraction of the median property price. Whether you're stepping onto the Queenstown property ladder or expanding your rental portfolio, this is an opportunity you won’t want to miss.

With the last ground-floor studio in the block under contract and the rest sold out, demand for these studios is huge! These highly sought-after top-floor units offer a rare chance to secure a unique property at a price unmatched anywhere else in Queenstown.

Nestled above Frankton Beach and reserve, these studio apartments offer a stunning lake and mountain outlook while providing the perfect location for summer swimming and water sports. A short walk takes you to the expanding marina dining precinct, the Hilton Hotel, and Queenstown Airport, with shops and bus routes conveniently nearby. The Remarkables Ski Field is also within easy reach for winter adventures.

Renovated in 2011, these modern studios feature full insulation, double glazing, updated electrical and plumbing systems, and contemporary interiors. Designed for comfort and efficiency, each studio is configured to accommodate a Queen bed, built-in wardrobe, and a seating area with space for a two-seater couch or occasion chairs. Sun-soaked decks extend the living space, offering a perfect spot to relax and take in the breathtaking lake views. The well-appointed kitchens include ample storage, a two-burner ceramic hob, a microwave convection oven, and a fridge-freezer, while the stylish ensuite bathrooms and gas Rennai heaters ensure a cost-effective living option.

This property boasts a strong rental history and is in high demand, making it an excellent investment for long-term or visitor accommodation (subject to appropriate council consent) or a perfect residence for new owners. With ample off-street parking and a convenient communal laundry, every detail is designed for effortless living.

Seize this rare opportunity to enjoy the Queenstown lifestyle at a fraction of the cost. Contact Keeley today to arrange a viewing.

Available Units

113 – Enquiry over $435,000 Inc GST

114 – Enquiry over $435,000 Inc GST

115 – Enquiry over $435,000 Inc GST – As pictured. Available with delayed settlement.

116 – Enquiry over $435,000 Inc GST