Glacier Gateway Motel Lease For Sale, Franz Josef, New Zealand

Glacier Gateway Motel - Lease For Sale
Closest Motel to the Franz Josef Glacier
23 Rooms - Consistent Profits

Franz Josef is one of New Zealand's top tourist attractions with over 1million visitors to the region annually.

Glacier Gateway Motel is the closest accommodation to Franz Josef Glacier - the more scenic of the region's two glaciers.

It offers 23 well maintained rooms and is located just 500 metres south of the village of Franz Josef, and is adjacent to the access road that leads to the Glacier Car Park.
It is an easy 5 minute stroll to the township which offers a good range of restaurants and cafes.

Room configuration is as follows:

• 16 Studio Units sleeping 1-3 persons - each with an ensuite bathroom, shower and toilet, tea & coffee making facilities and most with a microwave
• 2 One Bedroom Units with Spa Bath, full cooking facilities, ensuite bathroom with shower and toilet
• 5 Two Bedroom Cottages, ideal for groups and families and with full cooking facilities, bench-top hotplates, microwaves and ensuite bathroom with shower and seperate toilet
• A Motel Kitchen and Laundry is available for guests, along with spacious grounds at the rear of the motel

The mix of room types means the motel offers a range of accommodation suitable to various budgets, couples, larger groups and famililes.

The rooms are well maintained with a committment to capital expenditure including carpets and furnishings.

Owners Accommodation
Consists of 3 Bedrooms, large living area with magnificent Glacier/Mountain views, bathroom, kitchen and toilet, and is located above the office/reception area.

There are good community facilities including primary and secondary schools, medical care, and an excellent lifestyle for the family.

Staff Accommodation
A 2 Bedroom Staff Apartment is available for up to 4 staff. Staff accommodation in Franz Josef is always at a premium and helps this motel with staff retention.

Lease
The 30 year lease (15+15+15 years) was renewed in 2006. Rent reviews are every 2 years. Total land area is 3879 sq metres.

Turnover
There is no doubt that being the first motel, just before Franz Josef on State Highway 6, is a significant advantage for this motel.
Sales for the year ended 31/3/2010 increased $17k on the previous year to almost reach 2008 results. This motel has bucked the recession trend because of the strength of tourism in the region.

The motel has been owned by the vendors for over 10 years who now wish to pursue other interests and are motivated to sell.

Financials

Financial and supporting information can be accessed now from the downloads links.  Note that files containing sensitive business information are password protected and are available to serious enquirers who have completed the online access registration process, linked on this page, or here http://www.tourismproperties.co.nz/members/_signup

BUYERS: We would welcome your enquiry on the SALE of this opportunity, by contacting specialist Tourism & Hospitality Business Broker (South Island) either via this website www.tourismproperties.com or by telephoning 0800744572 or 021 433973 Email phil@tourismproperties.com

Franz Josef is a small town in the West Coast region of the South Island of New Zealand. Whataroa is 32 km to the north-east, and the township of Fox Glacier is 23 km to the south-west. State Highway 6 runs through the town. The Waiho River runs from the Franz Josef Glacier to the south, through the town, and into the Tasman Sea to the north-west.

The population was 330 in the 2006 Census, an increase of 9 from 2001.

The town is named after the Franz Josef Glacier - itself named by Julius von Haast in honour of the Emperor of Austria Franz Josef 1 of Austria. The glacier's terminal face is 5 km from the town and its accessibility makes it a major tourist attraction and the reason many people visit Franz Josef. The town is 20 minutes walk from the Westland National Park.