Ad ID: 109283

Motel for Sale Wanaka Otago

19 Unit Motel in the Heart of Wanaka

Business Lease $1,290,000

Why buy this Motel Business

Motel for Sale Wanaka Otago

A return to anywhere near the past profitability would make this a very good buy indeed. Restrictions look set to ease slowly, and the vendor is flexible on the settlement date.

Great location with a versatile mix of units, studios through to two bedroom apartments. High-profile location right in the heart of Wanaka.

Still profitable in current trading conditions, however pre-Covid results are available on request, showing the incredible strength and profitability of this business in normal times.

Nett profit for the 3 years pre-Covid in excess of $300,000 makes this a good opportunity to enjoy the rewards of your hard work. Note: Net profit is before accountancy, legal, depreciation, entertainment, interest, motor expenses, travel expenses and shareholder remuneration.

The current owners have focused on the business model and the results show this very clearly, with the consistency of refurbishments and upgrades over the last 7 years.

Wanting to get on with their next work challenge and shift closer to their daughter\'s primary school in Dunedin, an opportunity has arrived for you to buy Alpine Motel Wanaka and Apartments at today\'s price. When things return to normal; a very sharp buy will have been achieved.

This is a substantial complex in terms of its number of units, long lease, and profitability, so if 2022 is the time for change then this wonderful Wanaka opportunity is ready for you. For a video of the complex visit https://fb.watch/dGs2_4Js6R/.

Please be aware that some of this information may have been sourced from RPNZ/ Property Guru/ Land Information New Zealand and we have not been able to verify the accuracy of same.

Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement, included in the Information Memorandum available on our website.

We would welcome your enquiry on the Business Lease of this Motel for sale in Wanaka via our website or by phoning DEREK JOHNSON on 0800 263339, DDI 03 927 4277 or 027 240 1285.
For more info
Contact: Derek Johnson

Derek Johnson

Derek Johnson
027 240 1285 or 03 927 4277
Coffeys Tourism Property Brokers Ltd
Licensed REAA 2008
Broker Ref: OS714

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