Some of the most affordable apartments in Queenstown’s Frankton hub have come to the market.
The next stage of Remarkables Residences comprises 91 one- and two-bedroom apartments.
The one-bedders are priced from just $499,000 and the two-bedders from $760,000.
An attractive feature of the two-bedders is their dual-key potential, so you can live in one and rent out the other.
The first stage of Remarkables Residences, by the Queenstown Central shopping complex, comprised 56 sold-out four- and five-bedroom townhouses, which are close to completion.
Bayleys Queenstown agent Sheryl Williams, who’s marketing the next stage with colleague Mark Martin, says when they were selling the first stage a lot of people enquired about the option of single-level one- or two-bedders they could live in but also lock and leave for a few months over winter, for example.
The standard one-bedroom units are 66.9 square metres, including decks, and the two-bedders range from 99.6sqm.
Local Bayleys managing director David Gubb says they’re generously-sized considering a lot of two-bedders are only about 65sqm.
Williams says the product will suit owner-occupiers and investors, as well as those after a holiday unit.
Owner-occupiers could be working or retired couples or individuals, she adds.
Many first-home buyers are looking for this sort of product, Gubb says, as they can’t afford local house and section prices.
The dual-income option also gives good yields, he notes.
Bayleys is offering a free carpark and furniture package for the first 25 sales.
Construction’s due to start in the third or fourth quarter of next year, for completion by mid-2022.