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Queenstown Motel

$995,000

Business Otago

ID: 1649

Queenstown Motel

Property Name:
Queenstown Motel
Address:
, Queenstown
Property Type:
Motels
Sale Type:
Business
Price:
$995,000 
Region:
Otago
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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

  • Queenstown location
  • Upside potential
  • Long lease term

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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Queenstown Motel Business

A fantastic motel in Queenstown CBD with a 8.9 rating on booking.com and number 5 on Tripadvisor for the whole of Queenstown.

Proven history and established tourism market.

Queenstown according to tourism New Zealand is experiencing close to 2 million visitors a year and the airport is ever increasing and accepting more and more visitors. There is no secret Queenstown is well and truly on the map for international and domestic visitors. This all translates to excellent occupancy and rates for you and your business.

This motel is well located to have views of Lake Wakatipu and skyline meaning you get all the sunshine and it is very easy to find your way into Queenstown. This all adds value to your bottom line.

A real plus to this business is not only the long lease and the new chattels but the fact that most rooms have had extensive renovation and increased room rates which are there for you to enjoy next year.

There is the possibility with this size property for a couple to manage or if you already have a property nearby just add to your portfolio of accommodation offering.

Approximate Yield:

20%

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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