Anderson Park Motel, Cromwell

Anderson Park Motel will ideally suit buyers new to the motel industry or those that prefer an easy to manage motel.  

Reasons to Buy!

• Consistently receives excellent guest ratings
• One of Cromwell's most highly rated motels  
• Brand new 35 year lease
• Highly profitable business
• 75% guest occupancy (approx)
• Very well maintained 

Complex
The motel currently offers 11 spacious self-contained units.  After the conversion of a large unit in May this year the motel will offer 12 units comprising of 2*studio, 9*1 bedroom units and 1*2 bedroom unit. All are ground-floor with off-street-parking outside each unit.

As well being centrally located, the motel also offers ample off-street parking, spacious leafy grounds, a children’s playground and an outdoor entertainment area fully equipped with a BBQ.

Owner's accommodation
The owner's residence is a spacious two double bedroom home with open plan living/dining/kitchen, bathroom/separate toilet, two car garaging plus storage, private outdoor area, landscaped with two patios (1 covered), and spa pool.  Motel reception incorporated with residence as a separate area.

Location
Cromwell is located centrally between many of Otago's major tourist towns being only 50km's from Wanaka and 60km's from Queenstown.  Dunedin, the largest city in Otago is a 3 hour drive (approx).

Activities in Cromwell

• Highlands Motorsport Park 
• Wineries
• International hockey turf (tri-series with womens’s teams from NZ, Australia & S.Africa).
• Boating and swimming in Lake Dunstan
• Jet boating on Kawarua river
• Visit Goldfields Mining Centre
• Spectacular walking tracks, award winning wineries, and of course the
• Access to five local ski fields, all situated within an hour’s scenic drive from the motel
• Numerous cycle trails

NZ Tourism
Tourism for NZ is now a major export earner and is experiencing tremendous growth. Visitor arrivals to New Zealand are expected to grow 4.6 per cent a year, reaching 5.1 million visitors in 2024 from 3.7 million in 2017 and total international spend is expected to reach $14.8 billion in 2024, up 40 per cent from 2017. (Source: MBIE May 2018).  

To find out more, press the “Enquire Now” button to complete an online confidentiality agreement.

***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business. Please contact the broker for further details.