www.nzbizbuysell.co.nz/107311
Ad ID: 107311

Large Motel Business for Sale Cromwell

Solid Central Otago accommodation business with great forward bookings - a home and income with regular clients, a golf course on tap and fantastic lifestyle balance!

Location:
Asking:
$750,000
+GST (If any)

Why buy this Large Motel Business Business

Large Motel Business for Sale Cromwell

Solid Motel Business For Sale in Central Otago’s Hub!

Lake Dunstan Motel is a busy and profitable 15 unit motel, situated strategically located in a quiet part of Cromwell’s town centre, adjacent the other motels, but enjoys spacious grounds and frontage to the Cromwell golf course. If you’re after a wonderful home and income opportunity, that has excellent repeat clientele and doesn’t rely on international tourists, early viewing is highly recommended.

  • 15 modern spacious accommodation units
  • Beautiful manicured gardens and lawn areas
  • Great location with plenty of return clientele
  • Long lease available with a great landlord
  • Beautiful Owner/Manager accommodation on offer
  • Perfect for a couple to run and enjoy lifestyle balance!

This 4 star modern motel complex features spacious King Studios, all on ground level, and provides great car parking for guests, plus spacious grounds, including a children’s playground. It is situated just off Cromwell’s main street, so guests can enjoy the peace and quiet, yet walk just 300 metres (approx.) to the local shopping centre, cafes, hotels, supermarket, plus the covered and heated swimming pool is just a two minute walk from the motel.

Motel Configuration

  • 1bdm king studio units x 9 (2 accessible) and 6 of these face the golf course with beautiful views
  • 1bdm king, plus single, studio units x 6

All ground floor units, with two accessible units, all the rooms have King or Super King double beds, six rooms are King plus Single. There is generous onsite parking, and a guest laundry.

LEASE: There is a long lease available with 26 years to run, with a great landlord!

Owner Accommodation:

The owner’s residence is a beautiful three-bedroom home, which has recently been renovated, with new drapes, new carpet, new paint, throughout the living areas, and the office/reception is off the living area so easily accessible to manage. All three bedrooms are large, with the Master being the largest of the three. There is a fantastic Yunca wood burner which heats the whole home. There is a stunning large private outdoor living area and garden, with established garden beds, a vegetable garden and two storage sheds (one which houses the ride on mower and the other for all other garden tools and accessories), and their is a one car garage.

Popular Accommodatoin for regular Local Events:

  • Easter & Warbirds over Wanaka (every second year): normally fully booked and booked well-ahead
  • Cromwell Car Show: normally fully booked and booked well-ahead
  • Highlands Motorsport Events: normally fully booked and booked well-ahead
  • Cromwell Speedway Events: normally fully booked and booked well-ahead
  • Seasonal Hockey Tournaments: Cromwell has an international facility, events are normally fully booked and regular teams booked well-ahead

Approximate driving travel times

  • From Wanaka 39 minutes
  • From Queenstown 52 minutes
  • From Dunedin 2 hours 48minutes
  • From Oamaru 2 hours 54 minutes
  • From Invercargill 2 hours 55 minutes

If you’ve been looking for a solid accommodation business that will provide you with a home and income that comes with regular clientele and also life balance, then get in touch now to arrange your viewing.

For more information please contact Adrian Chisholm, specialist accommodation business broker on Mobile 021 727 888 or email adrian@tourismproperties.com

Business Resources

Central Otago Hub | Central Otago Cycle Trail Information

The 58km Lake Dunstan Cycle and Walking Trail between Cromwell and Clyde is open after two years and $7 million spent on construction. A massive network of cycle and walking tracks across Central Otago is expanding with the opening of a 58km trail and a $6.7 million government funding boost. Tourism Minister Stuart Nash officially opened the $7m Lake Dunstan trail, between Cromwell and Clyde, on Friday. He also announced new funding of $6.745m for the Queenstown trails realignment project from Ngā Haerenga, the NZ Cycle Trails Fund. Cycle tourism and cycle trails had strong support all over the country, Nash said. Domestic and international visitors would use the tracks and there would be associated activity such as construction and maintenance of the trails, accommodation, cafés, retail and transport services. “This has breathed new life into jobs, businesses and the economic recovery in our visitor destinations,” he said. The new Dunstan Trail is the first stage of a 122km project linking Queenstown, Wanaka, Cromwell, Alexandra and Roxburgh. It is also part of a planned 500km trail that will eventually link Queenstown to Dunedin.

For more info
Contact: Adrian Chisholm

Adrian Chisholm

021727888
Business Hours
Tourism Properties.com
Licensed REAA 2008
Broker Ref: 56543

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