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Franz Alpine Retreat

$520,000

Business West Coast

ID: 1524

Franz Alpine Retreat

Property Name:
Franz Alpine Retreat
Address:
2 Donovon Drive, Franz Josef
Property Type:
Motels
Sale Type:
Business
Price:
$520,000 
Region:
West Coast
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Simon Haslett

Simon Haslett

Broker | Queenstown, Wanaka, Otago

M: +64 21 442 083

simon[at]resortbrokers[dot]co[dot]nz

Reasons to buy

  • Perfectly set up to the market
  • Easy to maintain and manage
  • There is a huge upside of being able to expand this property with units subject to the usual consents

Simon Haslett

Broker | Queenstown, Wanaka, Otago

Contact Agent

Simon Haslett

Mob: +64 21 442 083

Email: simon[at]resortbrokers[dot]co[dot]nz

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Alpine Retreat Opportunity

 

Location

The Franz Alpine retreat is an excellent accommodation complex just outside the ever growing Franz Josef township. With nearly all of the units being two bedroom making the configurations and accommodation options perfectly suited to the market meaning that groups, couples and families would choose this accommodation over any other.

The location has particular prowess with a gorgeous meadow outlook on one side and snow capped mountains on the other.

You have to taste the exceptional glacier quality water at this complex!

The property

The property has been well thought out and managed to minimise any maintenance and make it as easy as possible to manage or place managers in the complex.

There is a large 4 bedroom house for the managers complete with large garage and parking.

There is a huge upside of being able to expand this property with more units subject to the usual consents

Business Opportunity

The location is situated perfectly on the traveller's list of convenient stops and of course all the nearby attractions. This makes the property a welcome break and popular stop.

The yields have been improved over the last few years and the occupancy now has an upside.

Everything has been done to ensure the costs moving forward will be down to a minimum because of extensive maintenance over the last few years.

Breakfast is available making it even more of an attractive option and also there is a liquor licence which is welcome after a long days hiking. There is also potential for a retail shop for convenience goods and/or souvenirs.

Features:

  • A growing town
  • Stunning location
  • Increasing local tourism
  • Large 4 bed house for the manager
  • Modern easy care 2 bedroom Chalets and cottages
  • Perfectly matched to the market
  • Little competition for the same product
  • Extremely well equipped
  • Nothing quite like this
  • Good forward bookings
  • Ability to expand

Approximate Yield:

32%


Disclaimer: We do not accept responsibility for mis-statement or error contained on this site. Interested persons should rely on their own enquiry. All prices are plus GST if any unless otherwise stated. If the transaction is recognised as a going concern then the sale should be zero rated.

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Simon Haslett

Simon Haslett

Broker | Queenstown, Wanaka, Otago

M: +64 21 442 083

simon[at]resortbrokers[dot]co[dot]nz

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