Presented to the market for the first time in over 25 years is an outstanding opportunity to purchase the freehold of a recognised Motel located at the main entrance to Wanaka. The property is leased to an established operator with long term lease in place with over 18 years term certain remaining.
The property provides 17 Motel units in a mixture of configurations each well designed for relaxation and functionality plus there is a sperate garage and laundry.
Situated in close proximity to Wanaka's town centre, Fairway Motel provides easy access to the town's attractions and outdoor adventures. Whether guests are drawn to the tranquility of Lake Wanaka or the thrill of nearby ski slopes, Fairway motel is the perfect starting point for their Wanaka adventure.
The property includes a spacious outdoor area and swimming pool for guests to unwind and soak up the beauty of the surrounding landscape.
Investment Highlights:
• High profile being located at the main entrance into Wanaka on State Highway 84
• Corner site with a large frontage of approximately 57m to State Highway 84
• 17 Motel units in a mixture of configurations along with a three bedroom managers residence
• Long lease expiring on 31 August 2043
• Growing national and international tourism
• Located in close proximity to Wanaka's town centre and adjoins the Wanaka Golf Course
With the expected growth of tourism in our region along with the shortage of visitor accommodation complexes this asset is set for growth.
For sale Price by Negotiation plus GST (if any).
Contact Geoff McElrea to arrange an inspection or to access the online data room for further information.
