Wanaka, South Island
Wanaka True Lifestyle Town - 13 Unit Motel
Land and Buildings $4,000,000
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 4.5% through to 5%.
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.
Managers 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.
An Information Memorandum is available to download from our website coffeys.co.nz.
Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement, included in the Information Memorandum.
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
1. Rare opportunity to purchase the land and buildings of a motel in Wanaka, rather than a business-only sale.
2. Lease term in place for 35 years, terminating July 2054, providing long-term tenure.
3. New lessees recently in place, with rent expectations detailed through to 31 March 2030, offering income certainty in the near term.
4. Projected returns quoted between 4.5% and 5%, indicating predictable yield for investors.
5. Prime tourist location in Wanaka, a growing lake and mountain township with seasonal appeal and increasing tourism and population.
6. Proximity to Queenstown, approximately a 50-minute drive, enhancing regional demand drivers.
7. Property in a sought-after quiet location, approximately a 15-minute walk to town and the lake, supporting guest convenience.
8. Accommodation stock comprises 13 single-level units, a mix of studios, one-bedroom and two-bedroom units, allowing varied revenue streams.
9. Property finished to a high standard with modern interiors and fixtures and fittings, supporting higher room rates and guest satisfaction.
10. Ample off-road parking, including some undercover spaces, plus an on-site manager’s residence with two double bedrooms and a recently renovated open-plan living and kitchen area.
11. Some listing information sourced from third parties such as RPNZ and LINZ and has not been fully verified, signalling need for buyer due diligence.
12. An Information Memorandum is available from the agent, with additional confidential details released only after execution of a confidentiality agreement.
