A well-established Motel in Wanaka. Could it be your new venture in 2024 with a new long lease available?
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 apartments (a mix of studios, one bedroom & two-bedroom apartments) all single level, with ample off road parking (some undercover). All tastefully decorated with modern interiors and fixtures and fittings.
The property is well maintained inside and out including new heat pumps / aircon in all the units. With an attractive $40,000 starter in the R&M fund to pay for work that was planned to complete the refurbishment of five units' joinery as the owners look forward to their next challenge.
Owners' residence has two double bedrooms and a recently renovated open plan living/ kitchen area. There is a private yard at the back of the residence for outdoor entertaining. The reception forms part of the main residence for convenience and is quite large and open plan. An option to use an adjacent small studio (easy access can be obtained) for a third bedroom or can be used as unit 14 for guests. To an approved purchaser some vendor finance could be available.
If you are wanting a change of lifestyle and Wanaka is on the list, then this opportunity is ready for you.
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 DEREK JOHNSON on 0800 263339, DDI 03 927 4277 or 027 240 1285.
