69-70/4 Lake Avenue, Frankton, Queenstown, Otago

Positioned in the heart of Frankton, this lakeside opportunity places you directly across the road from Frankton Beach Reserve and just an easy stroll to Queenstown Airport. With cafés, transport links, and recreational trails all close by, the location is perfectly suited to investors, lock-and-leave buyers, or those seeking an affordable entry into the Queenstown market - an increasingly rare opportunity in this tightly held area. Offered as a Unit Title with reasonable body corporate fees, it delivers low-maintenance ownership in a blue-chip setting.

The open-plan kitchen and living area forms the heart of the home, recently refreshed with quality new appliances and a full repaint throughout. Positioned to maximise the outlook, this light-filled space captures breathtaking views of The Remarkables and Lake Wakatipu, with doors opening from the lounge to seamlessly connect indoors with the reserve and waterfront setting beyond.

The flexible dual-key layout is a true highlight, allowing the property to be configured as a studio and separate one-bedroom apartment, or as a spacious two-bedroom residence depending on your needs. The primary bedroom enjoys its own ensuite, spectacular views to The Remarkables, and external access to soak in the Lake Wakatipu vista. The guest bedroom is serviced by a well-designed Jack-and-Jill style bathroom, cleverly incorporating the laundry to enhance practicality and make excellent use of space.

Originally constructed in the 1960s as luxury accommodation, the complex carries a sense of enduring character and charm in an incredible location. The residential rated unit is ideal for long term tenants or permanent owner occupiers, but also sits within the Visitor Accommodation Subzone, giving it great potential for short term accommodation (subject to appropriate council consents of course). Opportunities here are seldom available, and when they do arise, they are snapped up quickly - an indication of both the location’s desirability and the versatility these units provide. Parking is available within the common area, and a dedicated external storage locker adds practicality.

Whether you’re looking for a smart investment, a holiday base with income potential, or an entry into one of Queenstown’s most connected lakefront positions, this is a compelling and increasingly scarce offering.

Deadline Sale - Closes 19th March 2026 at 12pm (unless sold prior)