Queenstown, South Island
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. Prime location in the heart of Queenstown, a highly sought-after tourist destination in New Zealand.
2. Well-established 4-star serviced motel and management rights business with 17 units.
3. Profitable business with strong occupancy and yields, showing remarkable growth post-COVID.
4. Consists of 10 1-bedroom apartment-style motel units, 6 2-bedroom unit titles owned by the vendor, and 1 2-bedroom unit title owned by a third party under a Management Rights Agreement.
5. Adjoining Unit Title complex included in the sale.
6. Onsite manager residing in a spacious 2-bedroom apartment with an office for both the motel and management rights apartment complex.
7. One-bedroom apartments ideal for couples or small families, with modern décor and ample living space.
8. Two-bedroom apartments with breathtaking views of Ben Lomond, complete kitchenettes, and private backyards.
9. Well-kept living and dining areas, fully equipped kitchens, and generous-sized bedrooms.
10. Amenities include flat-screen TVs, free unlimited Wi-Fi, Sky TV, DVD players, guest laundry, and ample guest car parking.
11. Extensive improvements made over the past 6 years by the current owners, who are now retiring.
12. Robust reputation and strong investment potential.
13. Leasehold interest until 2038 if all rights of renewals under the lease are exercised.
14. Opportunity to benefit from the growth and success of this well-managed and maintained business in a highly desirable location.
