249 Frankton Road, Queenstown, South Island
MANAGEMENT RIGHTS FOR SALE QUEENSTOWN NEW ZEALAND
SOLD
Business Description
First time in 10 years, a superb opportunity to buy the management rights to a complex of 18 premium apartments situated on the lake shore in Queenstown New Zealand. The complex comes with its own pebbled beach and jetty, a cycle and hiking trail right out front and stunning unobstructed views of Lake Wakatipu and the surrounding mountains.
The business manages the grounds and buildings and serves as the letting agency for 16 apartments, ranging from 70 sqm 1 bedroom suites to 170 sqm 3 bedroom villas. All apartments are fully equipped and appointed for self-catering home-away-from-home vacation experiences. All apartments are beautifully appointed with new kitchens, new bathrooms, new flooring, lighting and new soft furnishings.
Total accommodation capacity is 52 guests per night.
The business was awarded 2020 winner of Queenstown’s “Best Luxury Hotel” by the US-based assessment company Luxury Lifestyle Awards. It has been consistently rated by Tripadvisor in the top 10 accommodation businesses in Queenstown.
This business comes with a solid track record of demand from discerning New Zealand and international travellers. Its main markets are Australia, the USA, China, other Asia and Europe. It caters to both summer and winter tourism as well as shoulder season travellers looking for hiking and photography opportunities. Situated close to Queenstown’s old town centre, snow sports centres, vineyards, hiking, cycling, golf, lake and mountain activities.
Fully consented, operating as a going concern with skilled staff with earnings tracking up strongly following the re-opening of the borders
Buyer enquiry range NZ$1.3 million (business only)
Business Summary
Managers Unit
There is no managers Unit with this listing
Complex Information
Complex Type: HolidayTotal Units in Complex: 16
Key Investment Insights
1. Prime location: The complex is situated on the lake shore in Queenstown, New Zealand, a highly sought-after tourist destination.
2. Unique features: The complex comes with its own pebbled beach and jetty, a cycle and hiking trail right out front, and stunning views of Lake Wakatipu and the surrounding mountains.
3. Diversified accommodation options: The complex offers a range of 1-3 bedroom apartments, catering to different group sizes and budgets.
4. High occupancy rates: The business has a solid track record of demand from discerning New Zealand and international travelers, with a capacity of 52 guests per night.
5. Award-winning: The business was awarded 2020 winner of Queenstown’s “Best Luxury Hotel” by Luxury Lifestyle Awards and consistently ranks in the top 10 accommodation businesses on Tripadvisor.
6. Strong market presence: The business caters to both summer and winter tourism, as well as shoulder season travelers, and has a diverse customer base from Australia, the USA, China, other Asia, and Europe.
7. Fully consented and operating: The business is fully consented and operating as a going concern, with skilled staff in place.
8. Strong earnings: The business has a solid financial track record, with earnings tracking up strongly following the re-opening of borders.
9. No manager's unit: The listing does not include a manager's unit, which may be appealing to buyers who do not want to live on-site.
10. Affordable price: The asking price for the business is NZ$1.3 million, making it a relatively affordable opportunity for buyers looking to enter the management rights market.
