Wanaka True Lifestyle Town - 13 Unit Motel

Wanaka
Reference: OS847
Investment Property
Land and Buildings $4,000,000

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.

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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.

Derek's Current Listings

Derek's Sold Listings