Queenstown, Tasmania
Queenstown Motel & Management Rights Business for sale
Offers over $6,000,000 plus GST (if any)
Business Description
Discover a golden opportunity in the heart of Queenstown. Centrally located just a 5-minute stroll from the vibrant downtown area, this well-established 4-star serviced motel and management rights business offers a prime investment in one of New Zealand’s most sought-after destinations. This business consists of 17 units. 10 of the units are 1 bedroom apartment styled motel units and this complex has a lease until 2038 if all rights of renewals are exercised.
There is an adjoining Unit Title complex of which six two-bedroom unit titles are included in the sale and one two-bedroomed unit title apartment owned by a third party is under a Management Rights Agreement to the vendors operating company.
Property Details:
Total Units: 17
1-Bedroom Motel Units: 10 (leasehold Interest until 2038 if all rights of renewals under the lease are exercised)
2-Bedroom Unit Titles: 6 owned by the vendor,
2-Bedroom Unit Title: 1 owned by a third party and under a Management Rights Agreement with the vendor
The current owners have successfully managed this property since 2018 and are now retiring, providing a new owner with the opportunity to benefit from the extensive improvements made over the past 6 years.
Management: The property operates under live-in management, with the onsite manager residing in a spacious 2-bedroom apartment that includes an office for both the motel and the management rights apartment complex.
Accommodation:
One-Bedroom Apartments: Ideal for couples or small families, these 50+ sqm units offer a Queen bed and a Single bed, modern décor, and ample living space.
Two-Bedroom Apartments: Featuring breathtaking views of Ben Lomond, these 50+ sqm ground-floor units come with a Queen bed and two Single beds, a complete kitchenette, and a private backyard.
Features & Amenities:
Well-kept living and dining areas
Fully equipped kitchens
Generous-sized bedrooms
Flat-screen TVs, free unlimited Wi-Fi, Sky TV, and DVD players
Private backyards for two-bedroom apartments
Guest laundry and spacious back-of-house storage
Ample guest car parking
Investment Potential: This profitable business has shown remarkable growth post-COVID and continues to achieve strong occupancy and yields. With a robust reputation and a prime location, this Motel lease and Management Rights business presents an exceptional investment opportunity.Don’t miss this chance to own a thriving business in one of New Zealand’s most beautiful and popular tourist destinations.
Business Summary
Key Investment Insights
1. Centrally located in the heart of Queenstown, a highly desirable tourist destination in New Zealand.
2. Well-established 4-star serviced motel and management rights business.
3. Consists of 17 units, including 10 1-bedroom motel units and 6 2-bedroom unit titles.
4. Adjoining Unit Title complex with 6 2-bedroom unit titles included in the sale.
5. Successful management by current owners since 2018, with extensive improvements made over the past 6 years.
6. Live-in management with an onsite manager residing in a spacious 2-bedroom apartment.
7. Accommodation options include 1-bedroom apartments and 2-bedroom apartments with stunning views.
8. Well-kept living and dining areas, fully equipped kitchens, and generous-sized bedrooms.
9. Features and amenities such as flat-screen TVs, free Wi-Fi, and guest laundry.
10. Strong investment potential with robust reputation and prime location, showing growth post-COVID.
