0800 263 339

19 Unit Motel in the Heart of Wanaka

Reference: OS714
Motel / Motor Lodge
Business Lease $1,290,000

A return to anywhere near the past profitability would make this a very good buy indeed. Restrictions look set to ease slowly, and the vendor is flexible on the settlement date.

Great location with a versatile mix of units, studios through to two bedroom apartments. High-profile location right in the heart of Wanaka.

Still profitable in current trading conditions, however pre-Covid results are available on request, showing the incredible strength and profitability of this business in normal times.

Nett profit for the 3 years pre-Covid in excess of $300,000 makes this a good opportunity to enjoy the rewards of your hard work. Note: Net profit is before accountancy, legal, depreciation, entertainment, interest, motor expenses, travel expenses and shareholder remuneration.

The current owners have focused on the business model and the results show this very clearly, with the consistency of refurbishments and upgrades over the last 7 years.

Wanting to get on with their next work challenge and shift closer to their daughter's primary school in Dunedin, an opportunity has arrived for you to buy Alpine Motel Wanaka and Apartments at today's price. When things return to normal; a very sharp buy will have been achieved.

This is a substantial complex in terms of its number of units, long lease, and profitability, so if 2022 is the time for change then this wonderful Wanaka opportunity is ready for you.

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 Business Lease 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.
Enquire Now

Login or register to watch this listing for updates.


Login or register to download the information memorandum for this listing.

Kelvyn Coffey

Kelvyn Coffey has specialised exclusively in the sale of commercial accommodation businesses since 1984, with the forming of a company then known as South Island Motel Brokers Ltd. The business enjoyed success in the industry throughout the 1980's, with expansion of its activities into hotel brokerage (pubs and taverns) and later general business brokerage.

Having sold his interests in that agency, (which still operates today under a different name) he formed this company in 1995. The reason being that he wished to re-focus on specialising exclusively in travellers’ accommodation businesses. In 1996, he was appointed as the South Island consultant to the Motel Association of New Zealand.

For many years, he provided advice and information to Motel Association of New Zealand members as part of the benefit of their membership.  MANZ merged with Hospitality New Zealand in 2015.   HNZ continues to receive many questions on matters relating to leases, rentals, market trends etc., and he is happy to receive and assist with a steady number of enquiries from the team at HNZ.

Kelvyn also sits on the Industry Advisory Group to the Real Estate Authority for Business Brokerage. The REA is the government body controlling and regulating the Real Estate Industry. They seek advice and feedback from the group, which meets with the authority twice yearly, and consults when required.

From small beginnings in the South Island in 1984, (in those days no one had heard of a specialist “motel broker”), Kelvyn is proud to now run a nationwide company with a brand that is well recognised and respected within the industry throughout New Zealand.  He appreciates his good fortune in having been able to build a team of dedicated and professional brokers with support crew second to none.

Kelvyn has seen the economic highs and lows and is happy to share his experience with anyone contemplating entering the business. He lives in Christchurch, happily married to Colleen since 1988, with four (now adult) children. When time permits, hobbies include cycling (no lycra), snowboarding, photography, reading and hi-fi.

Back to Top