West Coast Motel Lease Opportunity
Property Overview
Glenfern Villas presents an outstanding opportunity to secure a well-established West Coast accommodation business. Comprising 18 spacious, modern one and two-bedroom villas, the complex caters perfectly to the discerning traveller seeking comfort, privacy, and flexibility in a truly unique destination.
This stylish, self-contained, apartment-style offering is a rare find within the South Island accommodation sector, combining scale, quality, and strong appeal in a tightly held market.
What We Like:
- Large, expansive complex presented in excellent condition throughout.
- Long-term security with a motel lease of circa 27 years remaining, plus a further 20-year right of renewal.
- Significant recent upgrades including floor coverings, drapes, couches, beds, internal repainting, gas hot water conversion across all villas, and a new Starlink Wi-Fi system. – A good maintenance programme has kept the property to a high standard with further landlord improvements planned.
- Strong historical turnover and occupancy levels.
- Consistent profitable performance supported by solid EBITDA.
- Long tenure of ownership reflecting stability and proven operation.
- Suitable for experienced operators or those new to the industry.
- Straightforward, efficient operation with genuine turnkey appeal.
- Attractive lifestyle destination combined with reliable income.
- Flexible options available for the managers accommodation.
- www.glenfern.co.nz
There remains clear scope to further enhance the business through a range of strategic initiatives, including capitalising on increasing visitor numbers, strengthening industry relationships and building on the premium West Coast experiences.
With genuine long-term vendors now retiring from the industry, this represents a rare opportunity to secure a quality, income-producing complex ahead of the busy summer trading period.
For more information, please contact our specialist Accommodation Business Broker, Adam Berry on 021409441 or email adam.berry@tourismproperties.com
