Queenstown Central, Central Otago / Lakes District

Serviced Apartments Motel & Management Rights Business in Central QueenstownDiscover 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 Zealands 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: 171-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 vendorThe 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.Two-Bedroom Apartments: Featuring breathtaking views of Ben Lomond, these 50+ sqm ground-floor units come with a Queen bed and two Single beds, a complete kitchenette, and a private backyard.Features & Amenities:Well-kept living and dining areasFully equipped kitchensGenerous-sized bedroomsFlat-screen TVs, free unlimited Wi-Fi, Sky TV, and DVD playersPrivate backyards for two-bedroom apartmentsGuest laundry and spacious back-of-house storageAmple guest car parkingInvestment Potential: This profitable business has shown remarkable growth post-COVID and continues to achieve strong occupancy and yields. With a robust reputation and a prime location, this Motel lease and Management Rights business presents an exceptional investment opportunity.Dont miss this chance to own a thriving business in one of New Zealands most beautiful and popular tourist destinations.For full information please contact specialist Accommodation Business Broker, Adrian Chisholm, AREINZ, on 021 727 888 or email Adrian@tourismproperties.com.