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Property Ref: 26261

Motel Apartment, Freehold Investment For Sale in Wanaka

Property Type: Managed Investment Property

Sale Type: Urgent Deadline Sales, Freehold Investment - Unit Title

Region: Central Otago, Wanaka

Price: FREEHOLD INVESTMENT, asking $445,000 Plus GST (if any)

Broker: Adrian Chisholm

Mobile: +64 21 727 888

Email: adrian@tourismproperties.com

Fabulous Freehold Unit For Sale in Top Wanaka Location

On offer is one of Wanaka’s great accommodation unit titles, within an established and well known tourism accommodation complex, in a superb location, with just a short walk to the Wanaka CBD. The Motel boasts a variety of accommodation options, including apartments, a honeymoon spa unit and a specially equipped disabled access unit, plus the property features a large swimming pool and great BBQ area for the guest’s enjoyment, plus everything else guests need to make the most of their Wanaka experience.

KEY FEATURES

  • Top Wanaka location
  • Freehold Unit Title Apartment
  • Flexible accommodation offerings
  • Interconnecting 2-bedroom apartment and a studio apartment
  • Large in-ground swimming pool, available December to April
  • Great BBQ area – perfect for summertime dining
  • Guest laundry, bike & golf club storage space, and a ski drying room for the wintertime
  • Plus there is a large car park area to accommodate boats, trailers and tour buses

Unit 6 comprises a 2-bedroom apartment and an adjoining and interconnecting lockable king-size studio, which allows this investment property to be rented out flexibly as a 2 bedroom apartment and a separate income stream from the King Studio, which is very popular with the corporate market. The configuration of this large investment unit allows for a 1, 2 or 3 bedroom accommodating 2, 4 or 6 guests

Both the 2-bedroom apartment and King Studio both have separate entrances on the upper level, and with the interconnecting internal door, the unit can be a large 3 bedroom, 2 bathroom apartment accommodating up to 6 guests in the 3 bedrooms.

The Investment Unit is described as: Unit 23, comprising 96.3m2 and Unit 24 comprising 27.40m2 (approx.). There is one car park described as AU6 located on the property, please register and view the documents for full details.

The complex enjoys excellent occupancy as the motel and managed managements complex creates great configuration for all guest requirements within the complex.

The owners have the right to use the investment unit for 30 days each year, and the rest the year the unit is in the management pool for the Motel Business owner and Management Rights manager to let out the unit within their business known as Fairway Motel and Apartments. If the investment owner does not use the 30 days each year, the unit will remain in the pool to let out as normal to guests.

Summer’s coming, secure this unit now and you could not only be enjoying additional income, but you could also be enjoying the Central Otago sunshine, wines and spectacular lifestyle this summertime with friends and family, and then be hitting the slopes at Cardrona or Treble Cone in the wintertime – whats not to love? Contact Adrian now to arrange your viewing.

For more information or to arrange your private viewing, please contact specialist Accommodation Business Broker, Adrian Chisholm, AREINZ, on 021 727 888 or email Adrian@tourismproperties.com.


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Confidential Documents

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26261 | Freehold Investment Unit in Wanaka | Income Statement

26261 | Freehold Investment Unit in Wanaka | Income History

26261 | Freehold Investment Unit in Wanaka | Title

26261 | Freehold Investment Unit in Wanaka | Unit Title

26261 | Freehold Investment Unit in Wanaka | Unit Title Plan Car Parks

26261 | Freehold Investment Unit in Wanaka | Body Corp I

26261 | Freehold Investment Unit in Wanaka | Body Corp II

26261 | Freehold Investment Unit in Wanaka | Management Agreement

SUMMARY 

Website

Total Reviews

Average Rating

Trip Advisor. com

228

4.0 / 5 stars

Booking. com

942

8.7 / 10 stars

Facebook. com

37

4.5 / 5 stars

Trip Advisor. com

Wonderful Motel ★★★★★

Had the pleasure of staying at this wonderful motel for two weeks in July. The Motel is very well set up with a Ski waxing and drying room, shared laundry and car washing bay. The car washing bay is excellent after driving up and down the Cardrona road. We stayed in unit 7, it was a great room with two bedrooms and two bathrooms. The unit had a fully equipped kitchen which was wonderful. The owners of the Motel were great to deal. I highly recommend this Motel and would happily stay there again

Great stay!! ★★★★

We were upgraded to a suite. Apartment downstairs, bedrooms and bathroom upstairs. Second bathroom downstairs, well equipped kitchen with dishwasher, washing machine and dryer.

Great overnight stay in large roomy apartment ★★★★★

We were upgraded on arrival to a two bedroom apartment which had a kitchen and two spacious bedrooms as well as washing machine and dryer. A lovely surprise as we had a bag of washing to do! Self catered in the well equipped kitchen and went for a quick dip in the pool. The Motel is 10 mins walk to the lake and overall was a good stay

Spacious and clean ★★★★

We stayed here for only one night on our way from Queenstown. The room was quite spacious with a queen size bed, that was very comfortable, and 2 single beds in a separate space. We have 2 kids (10 and 8) so it was perfect. The kitchenette is a good bonus as we catered our own breakfast. The bathroom was nice and clean. The carpets are relatively new and comfortable. About an 8 minute walk into town.


Booking. com

Superb 9/10 | [No comments]

Very Good 8/10 | Clean, close to down, value for money

Very Good 8/10 |[No comments]

Exceptional 10/10 | [No comments]

Exceptional 10/10 | Had a full kitchen and was a huge apartment!


Google. com

5/5 | Friendly staff easy to find very clean and spacious units would definitely recommend and will stay again well done Fairway Motels

5/5 | [No comments]

5/5 | Really enjoyed my stay here. Fabulous week of skiing & weather. Nice warm & clean room. Thank you!

4/5 | Nice spot. Good rooms.

5/5 | We had a really good stay at a Fairway Motel Studio. Two adults and two children. Warm and cozy, clean. Friendly reception and staff. Easy check in and check out. Good bathroom and kitchenette. Mostly renovated, like new, including lining …

5/5 | The kitchen is small, the bathroom is clean and tidy, the equipment is complete, and the rest environment is comfortable

 

Source: Online review platforms.

Property Details

Property Type

Managed Investment Property

Sale Type

Urgent Deadline Sales
Freehold Investment - Unit Title

Region

Central Otago Wanaka

Price

FREEHOLD INVESTMENT, asking $445,000 Plus GST (if any)

Contact Agents

Business Broker Adrian Chisholm

Adrian Chisholm

PRINCIPAL | Tourism, Hospitality & Leisure Business Broker
Head Office | Otago & Southland
International: +64 21 727 888
NZ Mobile: 021 727 888

Email: adrian@tourismproperties.com

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