Manuka Crescent Motel, WanakaListing: #CS00297
About this Business for sale in Queenstown-LakesManuka Crescent Motel, Wanaka
The sale of Manuka Crescent Motel offer buyer's a wonderful opportunity to purchase a FHGC (land/buildings & business) in the sort after location of Wanaka.
Reasons to buy:
- FHGC investments in Wanaka rarely come to market
- Excellent long term investment with the option to sell the business in the future
- Showing consistently strong sales growth
- Beautifully maintained throughout
Comprising of 13 spacious, comfortable and self contained units, the motel has a mix of 6*studio units, 4*1 bedroom units and 3*2 bedroom family units. Facilities include ample off-street parking (some undercover), large outdoor seating areas with BBQs, swimming pool, guest laundry and ski drying room. The units are very well maintained and have all been refurbished to a very high standard over the last 3 years. There is no outstanding maintenance. Most units are double glazed and refurbished.
The spacious residence off the reception area comprises 2 bedrooms, with separate kitchen and dining/living.
Manuka Crescent is located in an extremely quiet location in a residential area 3.5kms from central Wanaka. It is a 15 minute walk or 3 minute drive to the lake and central Lake Wanaka Area.
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). The purchase of Manuka Crescent Motel is an excellent opportunity to take advantage of this growth and a new owner will be purchasing a property with a stable and potentially attractive growing income, further enhancing the value of the investment.
To find out more, press the “Enquire Now” button to complete an online confidentiality agreement.
+64 3 366 3394
+64 21 177 9760
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.