Key Investment Insights
AI generated. Confirm details with the seller.
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.
