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
1. Rare opportunity to purchase the land and buildings of a motel in Wanaka, not just the business;
2. 35 year lease in place terminating July 2054, with new lessees and rent expectations detailed through to 31 March 2030;
3. Projected returns from the lease range between 5.1% and 5.7% based on stated rent projections;
4. Asking offers from $3,499,000;
5. 13 single level units, mix of studios, one bedroom and two bedroom units, enabling varied guest segmentation;
6. Property finished to a high standard, tastefully decorated with modern interiors, fixtures and fittings;
7. Owners residence included, comprising two double bedrooms and a recently renovated open plan living and kitchen area;
8. Sought after, quiet location, approximately a 15 minute walk to Wanaka town centre and the lake;
9. Wanaka market appeal: growing population and tourism, true lake and mountain destination with two distinct seasons, approximately 50 minute drive from Queenstown;
10. Operational conveniences include ample off road parking with some undercover spaces;
11. Some listing information may be sourced from third parties and has not been independently verified, and additional details are confidential until a signed confidentiality agreement is completed.
