Central Otago Cromwell Built 2017 - Vendor Finance

Central Otago
Reference: OS836
Management Rights
Management Rights $1,300,000 Freehold Residence Price by Negotiation

Imagine you own a business with a speedway, world class motorsport park and a sports car museum at your back door. Wineries are a bike ride up the road and a little over half an hour is Queenstown or Wanaka.

A rare opportunity comes your way to buy a very high-quality complex in one of New Zealand's tourism hot spots. A beautiful part of New Zealand to live in, Cromwell - Central Otago. You live and work in a town where you too can enjoy what tourists love.

Central Park Apartments & Motel is a beautifully presented complex in an exceptional location. Located in the secure gated community of Highlands Innovation and Technology Park. The complex was built in 2017 with all the modern features and is the only motel within the Park.

Operating by way of Management Rights has a number of advantages over traditional commercial leasing models. A separate article discussing the merits of this type of arrangement is available on our website.

The owner's residence is for sale - price by negotiation.

The stunning second floor home offers 3-bedrooms, 3-bathrooms and large double garaging including laundry and storage space. The views from the open plan lounge/dining/kitchen are simply breathtaking and are a must to see! The modern reception area is conveniently located downstairs and gives guests a wonderful first impression.

There is separate double garaging/storage for personal toys for the Manager of the complex.

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 Management Rights of this Motel and Apartments for sale in Cromwell via our website or by phoning DEREK JOHNSON on 0800 263339, DDI 03 927 4277 or 027 240 1285.

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Derek Johnson

Derek joined Coffeys in April 2021. He decided to step up to the plate and help other moteliers & accommodation business operators buy or sell their properties after the challenging year of COVID 19.

Derek brings with him over 18 years’ experience in the hospitality and tourism industry. Managing and owning businesses has been particularly important to him. He owned and operated a large rural hotel for 10 years prior to leasing a successful & highly profitable 19 unit motel in Wanaka (pre-Covid) with his wife Crystal. They have done extensive work on upgrading & modernising the interiors. Also, a lot of effort has gone into landscaping & improving/upgrading outdoor facilities such as the playground. He is very fond of his roses found throughout the property.

His role as the local publican gave him a variety of experiences with the public and within the community, such as sponsorship for all the main local sports teams. Derek loves to chat to people.

SO YES. Derek knows how to market your property and importantly, he also understands how you run your business. Let him help you get the result that you want. Derek says he chose to come to Coffeys as he believes in the brand and their ethics.

Travelling regularly from Wanaka to Dunedin to see his daughter, filling his time in there with projects around the holiday home – although he is not too sure when the ‘holiday’ part starts. His interests are hiking and sports – any kind! Rugby and cricket (which he loved to play), being his favourites. Family time is most important to him.