Coffeys - Tourism Property Brokers ltd. | LREA

30 years in business. 1984 - 2014

Location - Location. FHGC in the heart of Wanaka

Wanaka

Reference: 4655

Land, Buildings and Business Negotiable over $7m

The invitation to consider a 'rare opportunity' can be somewhat over-used in this industry. In this instance however, we believe this is a compelling opportunity to purchase a freehold property in the very tightly held central Wanaka market. This motel occupies a prime site, beautifully landscaped on the very edge of the commercial heart of Wanaka. This land surely can only become increasingly scarce as time goes by.

The 14 apartments (7x1-bedroom, 3x2-bedroom & 4 studios) are fully self-contained, with full kitchens with dishwashers as well as washing machines & dryers. The one and two bedroom apartments all have spa baths. The standard of construction & finishing is very high, creating an impression of luxury & style. All downstairs units open out onto a delightful lawn area, adjacent to the burble of a mountain feed Creek, with the upstairs units enjoying the same outlook from their balcony.

Included in the sale is a separately titled three-bedroom house adjacent the motel complex, close to reception. Recently refurbished to a very high standard, including new double-glazing, carpets & exterior painting. This contributes to the accommodation income. The house has its own separate entrance, two bathrooms, garage & private courtyard.

The current owners live off-site in an adjacent residential property also close to reception. (This property could be purchased as a separate transaction, along with plans and resource consents for a further 10 units.)

This is a very profitable operation, enjoying very high occupancy due to the unbeatable location and proximity to the town centre. We do see however, opportunity for further growth in revenue and profitability, due to a reasonably conservative tariff structure. Full details on these matters are available upon enquiry.

We would welcome your enquiry on the Land, Buildings & Business at Negotiable Over $7m of this motel for sale in Wanaka via our website or by phoning KELVYN COFFEY on 0800 263339, DDI 03 550 0459 or 027 432 0565.

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