Franz Josef Motels Leasehold for Sale
After 10 seasons of busy trading the owners of Glacier Gateway Motels have put their successful accommodation business on to the market. This exceptional business caters for the strong family and budget travellers and is not experiencing the downturn in trade that is impacting on the top end of the travel market. If you are looking for a business that provides a home and two incomes, we recommend that you look seriously at Glacier Gateway Motels. Franz Josef Glacier has everything – good community facilities, primary and secondary schools, medical care, and an excellent lifestyle for the whole family.
Glacier Gateway Motels is part of the Budget Motel Chain with a core clientele from New Zealand and Australia: 16 x Studio Units sleeping 1-3 persons – each has an ensuite bathroom with shower and toilet, tea and coffee-making facilities, and most have a microwave oven. One Studio Unit is fitted-out as an Access Unit. 2 x One Bedroom Units with spa bath, perfect for couples seeking romance. Each Unit has full cooking facilities with microwave oven, and an ensuite bathroom with shower and toilet. 5 x Two Bedroom Cottages, ideal for groups and families. Each has full cooking facilities with bench-top hotplates, microwave oven, and an ensuite bathroom with shower and separate toilet.
The owners are selling the leasehold to land (1040 square metres) and buildings that comprise Glacier Gateway Motels at Franz Josef Glacier. Units and cottages are built of low maintenance concrete block walls on concrete floors and with iron roofs. Interior walls are a mix of painted plaster board and painted block-work. Floor coverings are both carpet and lino. Other features include a motel kitchen, motel laundry, and a 2-bedroom staff apartment that sleeps up to 4 staff. Staff accommodation in Franz Josef Glacier is always at a premium and providing staff accommodation on-site is a real advantage in staff retention. Owner's residence The business includes a 3-bedroom owner’s residence that is located above the office/reception area for best mountain views. Lease The 30 year lease (15+15+15 years) was renewed in 2006. Rent reviews are every 2 years.
GST: Plus GST (if any) SAV: Plus SAV (if any) Property Type: Hotel/Motel/Leisure to Buy Land Area: 3879.00 sq.m. Year Built: 1995 Price $550,000 + GSt
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