Wanaka, Central Otago / Lakes District

A well-established Motel in Wanaka. Rare to the market is the opportunity to purchase the land and buildings of a motel in Wanaka. With a 35-year lease in place terminating July 2054 and with new lessees now in place the rent expectation has been detailed through to 31st of March 2030. This will see returns ranging from 4.5% through to 5%. Wanaka is a stunning Lake and Mountainous township that is growing in population and also in tourism. It is a pleasant 50-minute drive from neighbouring Queenstown and has experienced significant growth in tourism. Wanaka is a true tourist destination with the luxury of having two distinct seasons.The property is finished to a high standard and is located in a sought-after quiet location, a 15-minute walk to town and the lake and consists of 13 units (a mix of studios, one bedroom & two-bedroom units) all single level, with ample off-road parking (some undercover). All tastefully decorated with modern interiors and fixtures and fittings.Managers residence has two double bedrooms and a recently renovated open plan living/ kitchen area. Please be aware that some of this information may have been sourced from RPNZ/ Property Guru/ Land Information New Zealand and we have not been able to verify the accuracy of same.An Information Memorandum is available to download from our website coffeys.co.nz.Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement, included in the Information Memorandum.We would welcome your enquiry via this website or direct to DEREK JOHNSON.