Link Business
*** SOLD ***

Manuka Crescent Motel, Wanaka

Listing: #CS00297

Jono Jarvis

Broker | Queenstown Lakes

Jono Jarvis

jono.jarvis@linkbusiness.co.nz

+64 3 366 3394

+64 21 177 9760

This listing is no longer taking enquiries as it is SOLD

About this Business for sale in Queenstown-Lakes

Manuka 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

Complex
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.

Owners accommodation
The spacious residence off the reception area comprises 2 bedrooms, with separate kitchen and dining/living.

Location
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.

Business Opportunity
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.

Queenstown Lakes
jono.jarvis@linkbusiness.co.nz
+64 3 366 3394
+64 21 177 9760

Jono Jarvis

Enquire Now
This listing is no longer taking enquiries as it is SOLD

*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.