Wanaka, South Island
Wanaka True Lifestyle Town - 13 Unit Motel
Land and Buildings Offers Over $3,499,000
Business Description
A well-established Motel in Wanaka.
Rare to the market is the opportunity to purchase the land and buildings of a motel in Wanaka. With a 35-year lease in place terminating July 2054 and with new lessees now in place the rent expectation has been detailed through to 31st of March 2030.
This will see returns ranging from 5.1% through to 5.7%. Offers from $3,499,000 are being sought.
Wanaka is a stunning Lake and Mountainous township that is growing in population and also in tourism. It is a pleasant 50-minute drive from neighbouring Queenstown and has experienced significant growth in tourism. Wanaka is a true tourist destination with the luxury of having two distinct seasons.
The property is finished to a high standard and is located in a sought-after quiet location, a 15-minute walk to town and the lake and consists of 13 units (a mix of studios, one bedroom & two-bedroom units) all single level, with ample off-road parking (some undercover). All tastefully decorated with modern interiors and fixtures and fittings.
Owners' residence has two double bedrooms and a recently renovated open plan living/ kitchen area.
Please be aware that some of this information may have been sourced from RPNZ/ Property Guru/ Land Information New Zealand and we have not been able to verify the accuracy of same.
Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement, included in the Information Memorandum available on our website.
We would welcome your enquiry on the Land and Buildings of this Motel for sale in Wanaka via our website or direct to DEREK JOHNSON: P: ---------- M: ---------- E: ---------- .
Business Summary
Key Investment Insights
Key Insights:
1. Established Motel in a highly sought-after location in Wanaka, a popular tourist destination with two distinct seasons.
2. 35-year lease in place terminating in July 2054, providing long-term stability for potential buyers.
3. New lessees in place, with expected returns ranging from 5.1% to 5.7%.
4. Offers from $3,499,000 sought, indicating the high value and potential of the property.
5. Wanaka is experiencing significant growth in tourism, making it a desirable investment opportunity.
6. Property is finished to a high standard and located in a quiet area, with easy access to town and the lake.
7. Consists of 13 units, including a mix of studios, one bedroom, and two-bedroom units, providing a variety of options for guests.
8. Ample off-road parking, some of which is undercover, adds convenience for guests.
9. Owners' residence features two double bedrooms and a recently renovated open plan living/kitchen area.
10. Confidentiality agreement required for further details, including financial information, which can be found in the Information Memorandum on the website.
11. Enquiries can be made directly to Derek Johnson, who can provide more information and arrange viewings.
