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 via this website or direct to DEREK JOHNSON.

Business Summary

Marketing Agent

Derek Johnson

Coffeys

Key Investment Insights

AI generated. Confirm details with the seller.

1. Rare opportunity to purchase the land and buildings of a motel in Wanaka, not just the business leasehold.
2. Long-term lease structure in place, 35-year lease terminating July 2054, with new lessees recently appointed.
3. Rent projections detailed through to 31 March 2030, providing short-term income visibility.
4. Expected investor returns in the range of 4.5% to 5%.
5. Wanaka location benefits from growing population and tourism demand, offering two distinct seasons for year-round visitation.
6. Proximity to Queenstown, approximately a 50-minute drive, enhancing regional tourism catchment.
7. Property situated in a sought-after quiet location, approximately a 15-minute walk to town and the lake.
8. Accommodation inventory of 13 single-level units, mixed studios, one-bedroom and two-bedroom configurations.
9. Property finished to a high standard, tastefully decorated with modern interiors, fixtures and fittings.
10. Ample off-road parking available, with some undercover spaces.
11. Onsite managers’ residence includes two double bedrooms and a recently renovated open-plan living and kitchen area.
12. Information memorandum available for download, some listing details sourced from external databases and not independently verified; certain details are confidential pending a signed confidentiality agreement.