Arrowtown Short Term Serviced Apartment Opportunity

Short-term Serviced Apartment Opportunity in an outstanding location.

The vendors propose that Units 8 and 9 will be added to the existing main land title via a subdivision consent (or be a separate title) and will also create:

1.  Easement over the vendor’s adjoining title to access the undercover carport of Unit 8
2. A Walking/Cycle Easement in favour of the Short-term Accommodation Title to allow all guests to access the adjoining DOC Reserve and Cycle Track to the east of Units 8 and Unit 9.

Existing Accommodation Configuration & Proposed Configuration

• Unit 1  50 sqm + 30 sqm car park only – Existing Structure, no changes required
• Unit 2  50 sqm + 30 sqm storage/carport – Existing Structure, no changes required
• Unit 3  50 sqm + 30 sqm storage/carport – Existing Structure, no changes required
• Unit 4  40 sqm + 38 sqm garage plus car park space
  Note: The existing two storied office and garage building to be converted to a short-term accommodation studio on the first floor and the ground floor garage to be used as a dedicated back of house housekeeping area divided off for storage of linen, housekeeping equipment etc and a dedicated guest e-bike/ski storage area on the east elevation
• Unit 5  70 sqm [Croft Building – including covered veranda] This  existing magnificent building to be converted into a studio unit
• Unit 6  44 sqm [1br Unit to the rear, including veranda]  – Existing structure to be refurbished
• Unit 7  70 sqm [2br Unit to the rear, including veranda]  –  Existing structure to be refurbished
• Unit 8  63 sqm + 40 sqm storage/carport – Existing Structure,
• Unit 9  40 sqm – Existing Structure – A single car park space to be created adjacent to the existing driveway near the entrance door

Existing Accommodation Business

The existing business is currently operating as short-term serviced apartments just five minutes walk from the centre of historic Arrowtown. The contemporary design and attention to detail was acknowledged when the hotel won a prestigious NZ Institute of Architects Award. Year after year named in TripAdvisors “Best of the Best” as a top option for accommodation in Arrowtown.

Designed for guests to enjoy a quiet, peaceful and relaxing stay. The apartment suites currently provide wide views out to the mountains while maintaining exclusive privacy. The five cleverly designed, stylish and spacious apartments.

Every morning new adventures await guests with walking, cycling and kayaking opportunities all around. An extensive network of walking, running and cycling trails run right past the base of the hotel. There are 3 World Class Golf courses within a 5-minute drive of the hotel. In winter, for skiing the drive to the top of Coronet Peak is 20 minutes, while The Remarkables is around 45 minutes. The accommodation is 5 – 10 minutes walk from Arrowtown, along the Arrow River. In the town centre, guests can discover the beauty and history of their surrounds with excellent cafés, retail and award-winning restaurants.

If you are looking for unique opportunity to develop an existing property – this property already has an outstanding reputation you can build on.

For further information, contact specialist Accommodation Business Broker Adrian Chisholm, AREINZ, on 021 727 888 or email adrian@tourismproperties.com.

Current Accommodation: (operating as serviced short-term accommodation)

3 x SuperKing Suites with Balcony. (Units 1, 2 and 3) Sleeps 2 adults in main bedroom via either Super King bed or 2 x Single beds.  One ensuite bathroom.

• 50m2
• 1 x Family suite available
• 1 bedrooms (1 super king or twin single)
• Maximum of 2 guests
• Double ensuite with bath, shower, loo, vanity unit
• Full size fridge freezer, microwave oven, coffee machine
• Dining table & chairs
• Sofa, private balcony, outdoor furniture
• Underfloor heating & AC unit
• Digital TV, internet connected
• Complimentary parking

Two Apartments or a Family sized double apartment. (Proposed Units 8 and 9) Via an internal stairwell, which can be combined to give 2 King size rooms in which either bedroom can be split into 2 x singles. Best suited for the extended family

Included:

• 63m2 + 40m2
• Subject to availability
• Apartments connected by internal stairs
• 2 bedrooms (2 king rooms)
• Maximum of 4 guests
• Two ensuites with (1x)bath, shower, toilet & vanity unit
• Full size fridge freezer, microwave oven, coffee machine
• Dining table & chairs
• 1 private balcony, outdoor furniture
• Underfloor heating & AC unit
• Digital TV, internet connected
• Complimentary parking