Add to Watchlist
Please register your interest on this listing, on the 'Documents Tab' tab.

Property Ref: 56543

Large Cromwell Motel Business for sale

Property Type: Motels

Sale Type: Leasehold Interest (Business)

Region: Central Otago

Physical Address: Lake Dunstan Motel | 3 Mead Avenue, Cromwell, New Zealand

Price: LEASEHOLD INTEREST MOTEL BUSINESS FOR SALE $750,000 +GST (if any)

Broker: Adrian Chisholm

Mobile: +64 21 727 888

Email: adrian@tourismproperties.com

Solid Motel Business For Sale in Central Otago’s Hub!

Lake Dunstan Motel is a busy and profitable 15 unit motel, situated strategically located in a quiet part of Cromwell’s town centre, adjacent the other motels, but enjoys spacious grounds and frontage to the Cromwell golf course. If you’re after  a wonderful home and income opportunity, that has excellent repeat clientele and doesn’t rely on international tourists, early viewing is highly recommended.

  • 15 modern spacious accommodation units
  • Beautiful manicured gardens and lawn areas
  • Great location with plenty of return clientele
  • Long lease available with a great landlord
  • Beautiful Owner/Manager accommodation on offer
  • Perfect for a couple to run and enjoy lifestyle balance!

This 4 star modern motel complex features spacious King Studios, all on ground level, and provides great car parking for guests, plus spacious grounds, including a children’s playground. It is situated just off Cromwell’s main street, so guests can enjoy the peace and quiet, yet walk just 300 metres (approx.) to the local shopping centre, cafes, hotels, supermarket, plus the covered and heated swimming pool is just a two minute walk from the motel.

MOTEL CONFIGURATION

  • 1bdm king studio units x 9 (2 accessible) and 6 of these face the golf course with beautiful views
  • 1bdm king, plus single, studio units x 6

All ground floor units, with two accessible units, all the rooms have King or Super King double beds, six rooms are King plus Single. There is generous onsite parking, and a guest laundry.

LEASE: There is a long lease available with 26 years to run, with a great landlord!

OWNER/MANAGER ACCOMMODATION:

The owner’s residence is a beautiful three-bedroom home, which has recently been renovated, with new drapes, new carpet, new paint, throughout the living areas, and the office/reception is off the living area so easily accessible to manage. All three bedrooms are large, with the Master being the largest of the three.  There is a fantastic Yunca wood burner which heats the whole home. There is a stunning large private outdoor living area and garden, with established garden beds, a vegetable garden and two storage sheds (one which houses the ride on mower and the other for all other garden tools and accessories), and there is a one car garage.

POPULAR ACCOMMODATION FOR REGULAR LOCAL EVENTS:

  • Easter & Warbirds over Wanaka (every second year): normally fully booked and booked well-ahead
  • Cromwell Car Show: normally fully booked and booked well-ahead
  • Highlands Motorsport Events: normally fully booked and booked well-ahead
  • Cromwell Speedway Events: normally fully booked and booked well-ahead
  • Seasonal Hockey Tournaments: Cromwell has an international facility, events are normally fully booked and regular teams booked well-ahead

APPROXIMATE DRIVING TRAVEL TIMES

  • From Wanaka 39 minutes
  • From Queenstown 52 minutes
  • From Dunedin 2 hours 48minutes
  • From Oamaru 2 hours 54 minutes
  • From Invercargill 2 hours 55 minutes

If you’ve been looking for a solid accommodation business that will provide you with a home and income that comes with regular clientele and also life balance, then get in touch now to arrange your viewing.

For more information please contact Adrian Chisholm, specialist accommodation business broker on Mobile 021 727 888 or email adrian@tourismproperties.com


Central Otago Cycle Trail Information

The 58km Lake Dunstan Cycle and Walking Trail between Cromwell and Clyde is open after two years and $7 million spent on construction. A massive network of cycle and walking tracks across Central Otago is expanding with the opening of a 58km trail and a $6.7 million government funding boost. Tourism Minister Stuart Nash officially opened the $7m Lake Dunstan trail, between Cromwell and Clyde, on Friday. He also announced new funding of $6.745m for the Queenstown trails realignment project from Ngā Haerenga, the NZ Cycle Trails Fund. Cycle tourism and cycle trails had strong support all over the country, Nash said. Domestic and international visitors would use the tracks and there would be associated activity such as construction and maintenance of the trails, accommodation, cafés, retail and transport services. “This has breathed new life into jobs, businesses and the economic recovery in our visitor destinations,” he said. The new Dunstan Trail is the first stage of a 122km project linking Queenstown, Wanaka, Cromwell, Alexandra and Roxburgh. It is also part of a planned 500km trail that will eventually link Queenstown to Dunedin.
A map showing the planned 500km continuous trail network from Queenstown to Dunedin, estimated in 2018 to cost $26.3 million.

ABOVE: A map showing the planned 500km continuous trail network from Queenstown to Dunedin, estimated in 2018 to cost $26.3 million.

Nash said its opening signalled the next chapter in the economic development of the Cromwell Gorge after 160 years of pounamu trails, goldmining, sheepfarming, orchards, hydro electricity and wine. “The foresight of people like [trust patron] Sir Eion Edgar and many others means that not only does the community have a fantastic new infrastructural asset to draw visitors to the region, but locals get to enjoy the recreational benefits as well.” Central Otago Queenstown Trail Network Trust chairman Stephen Jeffery said it was a fantastic trail along the banks of Lake Dunstan. “It would be hard to build a better trail,” he said. “It’s got isolation, spectacular geology and views, amazing structures and a kilometre-long schist rock wall.” The opening was well behind schedule due to delays caused by Covid-19 and additional rock removal.

Many construction companies had been involved and endless hours of volunteer work, Jeffery said. It linked in with the Central Otago Rail Trail and Roxburgh Gorge Trail, which hosted record numbers of riders last summer as thousands of New Zealanders ventured out on their bikes. Work was already under way on a trail from Cromwell to Queenstown through the Kawarau Gorge, he said. “When we get this done you could get off a plan in Queenstown, cycle to Dunedin and get on a plane there.”

The next step would be a trail from Cromwell to Wānaka, via Luggate. The funding boost for the Queenstown area would pay for trails linking Arrowtown to Arthurs Point and Tuckers Beach, and a new trail from Jacks Point to Gibbston Valley. The total cost of the project is $21m. Queenstown Trails Trust chief executive Mark Williams said there was already more than 120 kilometres of recreational, connector and commuter tracks around Queenstown used by about 300,000 people each year. The improved trail was expected to attract an additional 65,100 recreational users by 2033 and the project would involve about 28 full time jobs each year over the five-year build.

CREDIT: Stuff,

Confidential Documents

Full Listing Information for this Tourism Business will be disclosed to registered, approved Potential Purchasers.

Become a Registered User:

To gain access and download full confidential individual files on businesses for sale on this website, you must first be a registered user, and have ticked the box that you agree to the strict terms and conditions of the confidentiality agreement, provided by TourismProperties.com.
This is a simple two-minute process, which you can complete by selecting ‘Register’ at the top right hand of your device now.

If you are already registered with us:

You can request full access to this listing’s confidential files by:

  1. Logging in with your existing user name (your email used to register) and your password, then by
  2. Locating the listing you are interested in viewing Listing Files, then
  3. Navigating to the ‘Documents‘ tab, of the listing you are interested in, and
  4. Selecting ‘Request Access‘ to the confidential information here within.

We will quickly respond confirming your approval.
When you are emailed your ‘access approval’ notification, you need to be logged in to our website, in order to view and/or download the confidential files, which are located in your ‘Document Library‘.
If you are already logged in now:
Simply register your interest here, by navigating to the ‘Documents‘ tab, and selecting ‘Request Access‘ to the confidential information here within, and Adrian will come back to you by email with your access notification.

 

56543: Financial Information - Lake Dunstan Motel

56543: Lease Information - Lake Dunstan Motel

56543: Forward Bookings Information - Lake Dunstan Motel

WEBSITE TOTAL REVIEWS AVERAGE RATING

Trip Advisor. com

97

**  5 / 5  **

Google. com

1,253

4.5 / 5

Booking. com

322

 8.9 / 10

10/10 Right from walking into reception where they gave advice about best eating places in town. To the standard of the room all just great 👍

10/10 Fantastic motel! We were very impressed with the exceptionally clean and tidy room. The beautiful and private outdoor area was great! Overall 100% satisfied with our stay! Thanks to anyone wanting a comfortable place to stay

10/10 It was a wonderful room with a great outlook and a very obliging host.

Great stay ★★★★

Stayed for 4 nights excellent accommodation nice comfortable bed , has a nice view over the golf course. Got sun all day,Good off street parking easy drive to other areas of interest , being central.

Don’t judge a book by its cover. ★★★★

This is an older motel which has been nicely modernised. Very clean. Pleasant staff and nice and close to the main shopping area. Great green space with patio area to sit with your morning coffee or an evening drink. Good value for money. Good compendium of local information as well

Excellent, super clean and comfortable ★★★★

Great spot, lovely room, super clean, comfortable bed (with quality bedding). This is an excellent choice if staying overnight in Cromwell. You have everything you need here, heating good (below zero outside, but warm as toast inside).

Very Friendly ★★★★

Stayed here 2 nights over Xmas eve & Xmas day. The owners Chris & wife made sure we had all we needed for Xmas day as they were having the day off. Great location, close to town and quiet. Unlimited wifi !!!. Would definitely stay again & highly recommended

Source: Online review platforms.

Property Details

Property Type

Motels

Sale Type

Leasehold Interest (Business)

Region

Central Otago

Physical Address

Lake Dunstan Motel | 3 Mead Avenue, Cromwell, New Zealand

Price

LEASEHOLD INTEREST MOTEL BUSINESS FOR SALE $750,000 +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

VIEW OTHER LISTINGS

COMMUNICATIONS MANAGER

English
blank

凯文 阎

亚洲联络顾问
奥克兰,基督城和皇后镇(新西兰),布里斯班(澳大利亚)和亚洲
国际电话: +64 27 726 8888
新西兰手机: 027 726 8888

电子邮件: kevin@tourismproperties.com

联系:
查看相关列表:

Sign up for tourism real estate news