381 Frankton Road, Queenstown Central, Central Otago / Lakes District

This beautifully presented lakefront three bedroom, dual key apartment takes pride of place on the western end of the top floor of the coveted front row at The Rees Hotel.Delivering infinity views across Lake Whakatipu and the mountains beyond along with the clever dual key configuration for maximum flexibility as a rental proposition, it is little wonder this property is such a strong earner - delivering a net income in excess of $116,000 for the year end March 2026.At 110m2 internal plus 29m2 in balconies (139m2 total), this is fantastic apartment with plenty of room for family living including a second lounge in the separately keyed hotel suite.Open-plan kitchen/living/lounge area leads onto a large private balcony enjoying glorious morning sun and as an end apartment (west) you get the added benefit of loads of natural light plus plenty of sunshine in the afternoon.A second living area in the Master bedroom means there’s plenty of space for the kids and adults to relax and unwind after a busy day of activities.Fully furnished by renowned Arrowtown designer Ed Cruikshank and with a fully equipped kitchen with granite bench tops, under floor heating, sophisticated and spacious Arclinea bathrooms and quality fittings throughout, if you are considering a 5 star investment then this apartment deserves your attention.Apartment comes with 1 underground car park with its own storage locker along with an internal locked cupboard - so plenty of room for all your winter toys.Opportunities like this do not come around very often (it's been 5 years since a Level 4 apartment has been available), so when an owner does decide it’s time to move on, you need to act fast.The Rees has long been a stand out in Queenstown's lifestyle investment sector. Not only is it Queenstown's most awarded hotel but it ticks all three boxes of the lifestyle investment formula - proven capital gain, exceptional income performance and a superb place to come and enjoy all that Queenstown has to offer.So if you are looking for a premium lifestyle apartment and a secure investment, act now as we don't expect this property to be available for long. 3 Bed, 2 bath, dual key apartment110m2 internal plus 29m2 of balcony and 1 underground carpark with storage lockerTop floor of front row delivering exceptional viewsEnd position delivers fantastic views and sunshineSold fully furnished as a going concern365 day visitor consent and exempt from foreign ownership restrictionsManaged by The Rees Management Limited (up to 6 months owner's use per annum)Strong established income history and growing Your dream executive apartment awaits at The Rees Hotel Queenstown.