Queenstown Serviced Apartments Motel & Management Rights Business

Offers over $6,000,000 +GST (if any)

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.

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.

With a robust reputation and a prime location, this Motel lease and Management Rights business presents an exceptional investment opportunity. Don’t miss this chance to own a thriving business in one of New Zealand’s most beautiful and popular tourist destinations.

Agency reference #: 73867