First Homes on the Market for Major Residential Subdivision at Frankton North
The first residential development north of Queenstown’s Frankton-Ladies Mile highway has just hit the market.
Waipuna Rise, across the highway from the Queenstown Central shopping complex, is within the newly-approved 27-hectare Frankton North urban area.
Twenty hectares are zoned high-density residential, with the council anticipating the area will accommodate up to 1000 residential units.
What’s come to market is the first stage of Waipuna Rise — ‘waipuna’ means ‘spring water’ in te reo Māori, and is in reference to nearby Lake Johnson.
This comprises one block of 20 apartments in a three-level building, 22 two-level duplex apartments in a four-level building, and two blocks of five terraced homes.
The apartments all come with two or three ensuited bedrooms, while the terraced homes contain three bedrooms plus a studio.
This stage will be the largest of probably five residential stages.
