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Profitable Lifestyle Opportunity in Scenic Glacier Country

Franz Josef, Glenfern Villas, SH6

Property Information
The Franz Josef Glacier is a tourism mecca and one of our most sought-after destinations. Tourists flock from around the world to visit it. Glenfern Villas is in the very heart of Glacier Country, located only a few kilometres north of the glacier itself, and caters to both international and local guests.
Situated on a large 5,000sqm+ parcel of land, the apartments are flanked by a spectacular Westland mountain and bush backdrop, further adding to the allure of the area. Opportunities to purchase existing businesses in such sought-after tourist destinations are rare.

The business is offered for sale with a lease in place, including a spacious 3 bedroom owner/manager house on the property. The chattels within each unit is included in the sale.

This is a very profitable and sustainable business for a new entrant to the tourism market or for an experienced operator looking for a unique lifestyle opportunity.
Features:
- 18 Luxuriously appointed motel style apartments (8 x 2 Bedroom, 10 x 1 Bedroom)
- Constructed in 2001
- Large 3 bedroom Managers House
- 2 studio units for staff accommodation
- Expansion possibilities include 8225 sqm of land and plans for a further 8 - 12 units
- 4 Star plus Qualmark rating
- Off-Licence for sale of Liquor
- Ideal owner/operator looking for that amazing lifestyle
- Opportunity to purchase units 1 and 8
Business descriptionTourist Apartments
Business nameGlenfern Villas
Items not included in saleLandcruiser Prado, office equipt, coffee table Jan 05, Burning Issues artwork 2004, Kitz artwork Sep 04, outdoor furniture Dec 05, 2 x Apple iPhone Feb 10
Business hours
Monday8am-8pm
Tuesday8am-8pm
Wednesday8am-8pm
Thursday8am-8pm
Friday8am-8pm
Saturday8am-8pm
Sunday8am-8pm
Leased plant19 Heat pumps, 18 x 32" flat screen TV
Property TypeTourism/Motel/Hotel, Accommodation
Turnover $Per: Annum
Lease details
Rent $Rent: $231,468, excl GST, Per: Annum
Start1st October 2000
To31 September 2020
ROR4 x 5 years
Reviews1st October 2005, 2009, 2013, 2017
Key agenciesStrong wholesaler relationships
Licences and permitsLiquor Licence / Off Licence
Number of staff
Full time1
Part time4
Listing price details
Total (plus GST if applicable) $945,000+GST if any
Other commentsStrong forward bookings, Qualmark silver accreditation 2010 winner West Coast Tourism award, Certificate Excellence 2010 - Trip Advisor, Sale price includes freehold title unit 19

Contact Details

175 Papanui Road
Merivale
Christchurch, 8014
Office website

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