Ad ID: 64944

Motel and Apartments for Sale Queenstown

Motel and apartments for sale in the sought after tourism capital Queenstown - This motel and apartments is offered for sale for the first time in 11 years.

Location:
Asking:
$1,800,000
+GST

Business for Sale Description

Motel and Apartments for Sale Queenstown

Rare opportunity to purchase motel leasehold interest (business) and apartments in downtown Queenstown - Awesome return on investment. Act now so you don't miss out!

Motel & Apartments: in downtown Queenstown is for sale for the first time in 11 years! The current vendors are retiring, after building this fabulous business up to an awesome 22% return on investment, this is even after factoring in a generous allowance for minders to look after the business, while the new owners are on holiday each year.

Motel & Apartment Location:  This motel and apartments is situated in the heart of downtown Queenstown, in a quiet street, where the town centre, and all it offers, is a short 5-minute walk away. This motel and apartments is a mere 8km away from Queenstown’s International airport.

Motel & Apartments: Major refurbishment has been undertaken to ensure that this motel complex, and adjoining management rights apartments, are right up to date with modern chattels, soft furnishings and landscaping. All motel bedroom glazing is triple glazed with gas, the curtains are all modern blackout and thermal. Underfloor heating is situated on the ground floor of the motel complex, with modern wall heaters situated throughout the motel and apartments.

Guest Accommodation:

    5 ground-floor apartments, one-bedroom, 50m2 (Including 2 units suitable for people with disabilities)
    5 first-story apartments, one-bedroom, 50m2
    6 two-bedroom apartments, 60m2
    1 three bedroom apartment situated off site on nearby Queenstown Hill, with utterly stunning views! It is also managed at Amity Lodge offices. It is a three-bedroom apartment, with amazing views from every room, and can be rented as a one-bedroom, two-bedroom or a three-bedroom apartment.

Motel and Apartments Owner Accommodation: The owners, or managers, apartment is a two-bedroom, two-story apartment on site.

    Ground floor includes: office; back office; bathroom; lounge; dining kitchen and large private outside courtyard.  There is currently a fabulous spa pool on site in the courtyard – this is negotiable as a chattel with the sale of the business.
    First story includes: two double-bedrooms, both with private outdoor decks, bathroom and a possible small third bedroom with private deck, which is currently in use as an office.
    There are also great storage areas available and an undercover carport for 2-3 cars, at the rear of the motel complex. These are currently in use by the owners.

Business Resources

On-site Laundry: including two washing machines and one commercial dryer, allowing the business to do the bulk of the laundry, with the exception of the sheets and pillow slips, which are done commercially.

Additional income: The guest laundry, with two washing machines and two driers, produces good income, along with the commissions received from activities and trips, sold to the motel guests staying at the property.

Lease/Landlord: The relationship and lease with the land lord is exceptional. The land lord replaced the existing roof 4 years ago, and repaints the outside of the motel complex every eight years.

It is not often opportunities like this present themselves in the very heart of Queenstown, New Zealand. This is the perfect opportunity for hospitality professionals that relish the great NZ outdoors, to make Queenstown their new home and playground, and build upon this already success business. It simply doesn’t get any better than this, lifestyle, location and income. Don’t delay!

Please contact me now.

Interested In This Opportunity?

Email To A Friend / Myself

 

Tourism Properties.com
For more info
Contact:

Adrian Chisholm

021 727 888
Tourism Properties.com
REAA 2008
Broker Ref: THL-57671

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