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Property Ref: 12234
Highly Profitable Queenstown CBD Hotel, Suites & Apartments For Sale
Property Type: Hotels, Motels, Other Accommodation
Sale Type: Leasehold Interest (Business)
Region: Queenstown, Central Otago, South Island
Physical Address: 41 Frankton Road & 3 & 7 Adelaide Street Queenstown 9300, New Zealand
Price: LEASEHOLD INTEREST BUSINESS, asking $5,500,000 (Plus GST if any)
Broker: Adrian ChisholmMobile: +64 21 727 888
Rare Opportunity to Own a Highly Profitable Queenstown Accommodation Business?
- EBITDA $1m plus, rooms revenue approaching $4m
- Approximately 20% Return on Investment
- Long Lease on offer – please register for full details
- 220 guest capacity, in 54 suites and apartments
- A short 5-minute walk to the Queenstown CBD
- Prime location in ‘Queenstown sunbelt’, with 365 sun days!
- Exceptional car parking for guests on site
- Plus manager/owners apartment on site
Here is a fabulous opportunity to secure one of Queenstown’s most prominent, established and profitable, Hotel business’, which enjoys a prime location – just a 5 minute stroll to the lakes edge of downtown Queenstown! Call now!
Garden Court Hotel, Suites & Apartments
Garden Court Suites & Apartments is a stunning Four Star Plus, leasehold business complex, comprising 54 Suites & Apartments, accommodating 220 guests, located at the prime entrance-way to downtown Queenstown, that is both in the ‘Sun-Belt’ (sun all year round) and is crucially in the ‘walk-circle’ of the Queenstown CBD – a factor becoming very valuable given vehicle movement issues currently.
The complex was purpose designed, offering a mix of large studio, one-bedroom, which Interconnect, and two-bedroom apartments, positioned for the Free Independent Traveller (FIT) or the group business. All room types enjoy high occupancy and yields.
The room type breakdown is 15 Studios, 22x one-bedroom, that interconnect, and 17x two-bedroom, over two levels, delivering 54 Suites & Apartments in total.
The complex includes reception, a guest and commercial laundry, breakfast restaurant, spa pool, a two bedroom self-contained manager’s apartment and administration office (98.7m2) and generous car parking.
The design, quality and location of the complex together with strong Management have resulted in very consistent financial performance across many years.
Garden Court Suites & Apartments is operated under a long term Lease of the 23 Suites – and two blocks of luxury apartments totalling 31 units held under identical long term Management Agreements.
Here is your opportunity to secure one of Queenstown’s most prominent, established and profitable, Hotel business’, which enjoys a prime location – just a 5 minute stroll to the lakes edge of downtown Queenstown! Call me now!
Full Listing Information for this Tourism Business will be disclosed to registered, approved Potential Purchasers.
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12234 | Garden Court Suites & Apartments | FINANCIALS: Standardised Accounts as at 20 Nov 2019
12234 | Garden Court Suites & Apartments | Qualmark Evaluation Report - 23 Oct 2019
12234 | Garden Court Suites & Apartments | Asset Schedule, as at 31 March 2019
12234 | Garden Court Suites & Apartments | Memorandum of Lease of Motel
12234 | Garden Court Suites & Apartments | Monthly Sales History Line Graph, as at 30 June 2019
12234 | Garden Court Suites & Apartments | Monthly Sales History - Tables to June 2019
12234 | Garden Court Suites & Apartments | Monthly Sales History - Line Graph, to June 2019
12234 | Garden Court Suites & Apartments | Owner Stays Report, as at 24 July 2018
12234 | Garden Court Suites & Apartments | Sample Management Contract, as at July 2019
12234 | Garden Court Suites & Apartments | Executive Summary, 31 management agreements, as at July 2019
12234 | Garden Court Suites & Apartments | Executive Summary, Lease, as at July 2019
12234 | Garden Court Suites & Apartments | Listing Details & Information in Chinese
Comfortable apartment within walking distance to town 9/10
Good location, within easy walking distance to town. Comfortable beds, great kitchen facilities in a very compact space! Everything we needed for a short stay. We would return and I would book an apartment with a view next time!
Clean facilities, grand room. Convenient location.
Bed was extra comfy!
Good value for money, big rooms & very close to town 9/10
We liked this older style property with generous size rooms, nice modern bathroom with heated tile floor. My room had a nice view with balcony looking south down Lake Wakatipu & out towards the Remarkables. The room received morning & afternoon sun. Nice modern kitchenette with dishwasher & hob, plenty of kitchen utensils & crockery/cutlery. Big super king bed with with good bedside lighting. Plenty of free onsite parking. Very close to town & the gardens for early morning exercise & walking. Very quiet & no road noise.
Great room with really comfy beds. Quick walk away from the centre of town, perfect location.
Picturesque modern base ★★★★★
I had a very memorable stay here with seven other family members in two separate apartments for a week. Memorable for all good reasons. Gorgeous views from both levels of the two bedroom, two bathroom apartment I stayed in. Modern, clean, comfortable beds and furniture and attentive housekeeping staff. All conveniences installed such as dishwasher, decent size fridge/freezer, washing machine, dryer and hair dryer. Proximity to Queenstown village was good as well – a short stroll down the hill. Breakfast available on site at an affordable price.
Excellent place to stay ★★★★★
This is the perfect place to stay if you are coming to Queenstown. It had everything we needed, a nice spacious room with a kitchenette, clean bathroom and free parking. The staff were very friendly and our room was serviced each day. It is only a 10 minute walk into the centre of town and easy access to the main road out of town. Thank you for a wonderful stay!
Fantastic family accommodation ★★★★★
We loved the garden court suites. It was a short walk into town, although the trip home was uphill. We had a 2 bedroom apartment. It was serviced everyday and had a spa in the bathroom. The kids loved that we got milo everyday with the tea offerings. We had a problem with our dishwasher and it was attended too quickly and a new one was installed the next day. The only thing that could have made it better would have been a few coat hooks being that we were here in winter. We loved it and would definitely come back again.
Perfectly Suitable ★★★★★
Found this online but turned out to be just what we needed for our 3-day stay in this terrific little city. Unit was tidy and clean, roomy enough, & comfortable beds. Location was fantastic—easy to walk downtown or enjoy views of the lake and mountains nearby. Staff were super friendly and helpful. Would highly recommend for a reasonably priced lodging when you want a bit more space than a hotel room.
Stayed 4 nights and loved it. The room was nice and clean, had everything we needed, bed was comfy too and the room was serviced everyday. Receptionist was amazing and very welcoming, our room was ready so she allowed us to check in early so we could get some sleep after our long journey down here from Whangarei. Great location, close to town centre and the bus stops are literally on the door step. We’ll definitely be staying here again. Thank you!! 😊
Great value and excellent location ★★★★★
We had a two bedroom suite which has kitchen, washing machine & dryer, two bathrooms and a lounge/living space. Great for our family of four. Walking distance to town yet away from the night time noise of QT central. We’ll stay here again for sure.
Excellent Location, units large & extremely well appointed, very clean ★★★★
Travelled in a group of 8 men on a golf trip, and found these units ideal for our needs. They are situated a short walk from town and can cater for large numbers. The units are 2 bedroom (one upstairs and one downstairs, both with their own bathrooms). They have fully equipped kitchens, bathrooms and every one has it’s own laundry.
They are very quiet at night, have parking facilities and are very secure. You could not find a better place to stay whether it’s a couple, a family or like us a sporting group.
Source: Online review platforms.