13 Unit Motel for Sale Wanaka Otago

Description

13 Unit Motel for Sale in Wanaka, OtagoA well-established motel investment opportunity is available in the highly sought-after tourism destination of Wanaka.This is a rare opportunity to acquire the land and buildings of a motel property with a secure 35-year lease in place through to July 2054. New lessees have recently been appointed, and the projected rental income has been established through to 31 March 2030, providing anticipated returns ranging from 4.5% to 5%.Wanaka is one of New Zealand's premier lake and alpine destinations, offering year-round tourism supported by both summer and winter seasons. Located approximately 50 minutes from Queenstown, the region continues to experience strong population growth and increasing visitor numbers.The property is presented to a high standard and occupies a quiet, desirable location approximately a 15-minute walk from the town centre and lakefront.Property Features:* 13 accommodation units including studio, one-bedroom, and two-bedroom layouts* All units are single-level with modern interiors, quality fixtures, and contemporary furnishings* Generous off-street parking, including covered parking spaces* Well-maintained property presented to a high standard* Manager's residence featuring two double bedrooms and a recently renovated open-plan living and kitchen areaPlease note that some information may have been sourced from RPNZ, Property Guru, or Land Information New Zealand and has not been independently verified.Some details relating to this opportunity are confidential and will only be released after completion of a Confidentiality Agreement.