The second stage of a prominent terraced housing complex on Queenstown’s Frankton Flats pre-launches next week.
The first stage of Remarkables Residences, developed by Singapore-based GYP Properties, comprised 56 four-level, mostly four-bedroom, units between Hawthorne Drive and the Queenstown Central shopping development.
Stage two, ‘The Terraces’, will comprise 46 two-level terraced homes — 36 two-bedders and 10 three-bedders at each end of five blocks.
They’re priced from $825,000 to $870,000, with construction due to start in the second half of next year for completion late 2024.
Once again, Auckland’s Ignite Architects is the masterplan architect, while Stonewood will be the building contractor.
Marketing the second stage are local Bayleys agents Sheryl Williams and Nick Newman and Auckland colleague Ben Stephens.
Williams says ‘‘the two-bedrooms are going to be really good for people who want to actually own and live in them so they can get a flatmate if they want, or have a spare room’’.
Equally, she sees them appealing to the investor market and lock-and-leave holiday home owners.
‘‘Also, it could be quite good for local businesses who are struggling to get accommodation for their workers.’’
Queenstown Accommodation Centre (QAC) estimates weekly rent for the two-bed room, two-bathroom homes could range from $740 to $790, and for the three-bedroom, two-bathroom homes, $800 to $850.
In the ‘development over view’, QAC GM Richard Hoskin states: ‘‘Currently there is a strong demand for rental accommodation in the Frankton area to service the ever-growing retail, hospitality and service sectors.’’
Williams says ‘‘we’ve sold down a very similar product in Arthurs Point [the 54-unit Coronet Peak Alpine Villas], which has only got six remaining in it, and it depends who you talk to but I think this is a better location in terms of ease of living’’.
