9 Powder Terrace, Arthurs Point

SOLD. Sitting in an elevated position overlooking the Shotover River, this newly completed freehold villa is the ultimate lock and leave investment property in Queenstown. Showing excellent rental returns and with glowing reviews, this four-bedroom short-stay rental property offers the advantage of 365-day Visitor Accommodation consent. Simply reserve the dates you wish to stay and capitalize on the exceptional returns when you're not in residence. Having accumulated nearly six months of rental data, this modern standalone townhouse consistently achieves a notable occupancy rate, ranging between 40% and 50% resulting in an estimated first-year revenue of approximately NZD$150,000. Furthermore, there is room for further revenue growth and increased bookings, making it a solid opportunity for those seeking a dual investment and a holiday pad in Queenstown. Designed by Koia Architects and completed by Deavoll Construction, this 211 sq m two-level executive style residence has been completed to an impeccable standard. Offering four bedrooms over two levels, the option exists for the fourth generously sized bedroom to be used as a second living area. Three bathrooms service the home, including an en-suited master bedroom and two further full bathrooms, with floor to ceiling tiles and underfloor heating. The large open-plan kitchen, dining and living area on the upper level breathes modern architecture and design, with beautiful engineered timber floors and ceilings. Efficient Hydronic heating systems and insulation throughout the home, along with wood burner, ensures your warmth and comfort levels are well taken care of. Be it a low maintenance holiday home with the advantage of substantial rental returns or a family home sitting within the welcoming community of Arthurs Point, this opportunity is too good to miss. Purchase now to take advantage of 'new build' tax benefits (expiring soon). Priced at $2,495,000 (plus GST if any)....