www.nzbizbuysell.co.nz/120158
Ad ID: 120158

Boutique Accommodation & Development Business for Sale Arrowtown

Arrowtown Short Term Serviced Apartment Opportunity

Location:
Asking:
$6,000,000
Offers over +GST

Why buy this Boutique Accommodation & Development Business

Boutique Accommodation & Development Business for Sale Arrowtown

Explore the thrilling prospect of transforming this established property and business into a dynamic 9-unit short-term accommodation venture, nestled on an expansive land title of approximately 1977m2.

This development entails maximizing the existing footprint of existing structures through a simple alteration and refurbishment program, contingent upon QLDC consent.

Seizing the opportunity, potential demolition of inferior buildings presents the chance to optimize the layout, providing improved configurations for both short-term accommodation units and enhanced car parking facilities. Uncover the potential of this exciting project with endless possibilities for growth and innovation.

The vendors propose that Units 8 and 9 will be added to the existing main land title via a subdivision consent (or be a separate title) and will also create:

1. Easement over the vendors adjoining title to access the undercover carport of Unit 8

2. A Walking/Cycle Easement in favour of the Short-term Accommodation Title to allow all guests to access the adjoining DOC Reserve and Cycle Track to the east of Units 8 and Unit 9.

Existing Accommodation Configuration & Proposed Configuration

Unit 1 50 sqm + 30 sqm car park only Existing Structure, no changes required

Unit 2 50 sqm + 30 sqm storage/carport Existing Structure, no changes required

Unit 3 50 sqm + 30 sqm storage/carport Existing Structure, no changes required

Unit 4 40 sqm + 38 sqm garage plus car park space

Note: The existing two storied office and garage building to be converted to a short-term accommodation studio on the first floor and the ground floor garage to be used as a dedicated back of house housekeeping area divided off for storage of linen, housekeeping equipment etc and a dedicated guest e-bike/ski storage area on the east elevation

Unit 5 70 sqm [Croft Building including covered veranda] This existing magnificent building to be converted into a studio unit

Unit 6 44 sqm [1br Unit to the rear, including veranda] Existing structure to be refurbished

Unit 7 70 sqm [2br Unit to the rear, including veranda] Existing structure to be refurbished

Unit 8 63 sqm + 40 sqm storage/carport Existing Structure,

Unit 9 40 sqm Existing Structure A single car park space to be created adjacent to the existing driveway near the entrance door

Existing Accommodation Business

The existing business is currently operating as short-term serviced apartments just five minutes walk from the centre of historic Arrowtown. The contemporary design and attention to detail was acknowledged when the hotel won a prestigious NZ Institute of Architects Award. Year after year named in TripAdvisors Best of the Best as a top option for accommodation in Arrowtown.

Designed for guests to enjoy a quiet, peaceful and relaxing stay. The apartment suites currently provide wide views out to the mountains while maintaining exclusive privacy. The five cleverly designed, stylish and spacious apartments.

Every morning new adventures await guests with walking, cycling and kayaking opportunities all around. An extensive network of walking, running and cycling trails run right past the base of the hotel. There are 3 World Class Golf courses within a 5-minute drive of the hotel. In winter, for skiing the drive to the top of Coronet Peak is 20 minutes, while The Remarkables is around 45 minutes. The accommodation is 5 10 minutes walk from Arrowtown, along the Arrow River. In the town centre, guests can discover the beauty and history of their surrounds with excellent caf├ęs, retail and award-winning restaurants.

If you are looking for unique opportunity to develop an existing property this property already has an outstanding reputation you can build on.

For further information, contact specialist Accommodation Business Broker Adrian Chisholm, AREINZ, on 021 727 888 or email adrian@tourismproperties.com.

For more info
Contact: Adrian Chisholm

Adrian Chisholm

021727888
Tourism Properties.com
Licensed REAA 2008
Broker Ref: 70359

Save or share this opportunity

Email to a friend / myself