Queenstown Motel & Management Rights Business for sale

Serviced Apartments Motel & Management Rights Business – Queenstown

Discover a golden opportunity in the heart of Queenstown. Centrally located just a 5-minute stroll from the vibrant downtown area, this well-established 4-star serviced motel and management rights business offers a prime investment in one of New Zealand’s most sought-after destinations. This business consists of 17 units. 10 of the units are 1 bedroom apartment styled motel units and this complex has a lease until 2038 if all rights of renewals are exercised.

There is an adjoining Unit Title complex of which six two-bedroom unit titles are included in the sale and one two-bedroomed unit title apartment owned by a third party is under a Management Rights Agreement to the vendors operating company.

Property Details:

Total Units: 17

• 1-Bedroom Motel Units: 10 (leasehold Interest until 2038 if all rights of renewals under the lease are exercised)
• 2-Bedroom Unit Titles:  6 owned by the vendor,
• 2-Bedroom Unit Title: 1 owned by a third party and under a Management Rights Agreement with the vendor

The current owners have successfully managed this property since 2018 and are now retiring, providing a new owner with the opportunity to benefit from the extensive improvements made over the past 6 years.

Management: The property operates under live-in management, with the onsite manager residing in a spacious 2-bedroom apartment that includes an office for both the motel and the management rights apartment complex.

Accommodation:

One-Bedroom Apartments: Ideal for couples or small families, these 50+ sqm units offer a Queen bed and a Single bed, modern décor, and ample living space.

Features & Amenities:

• Well-kept living and dining areas
• Fully equipped kitchens
• Generous-sized bedrooms
• Flat-screen TVs, free unlimited Wi-Fi, Sky TV, and DVD players
• Private backyards for two-bedroom apartments
• Guest laundry and spacious back-of-house storage
• Ample guest car parking

For full information please contact specialist Accommodation Business Broker, Adrian Chisholm, AREINZ, on 021 727 888 or email Adrian@tourismproperties.com.