Simon Haslett of Resort Brokers NZ offers the business for sale of the Franz Alpine Retreat in NZ's south island.
The Franz Alpine retreat is an excellent accommodation complex just outside the ever growing Franz Josef township. With nearly all of the units being two bedroom making the configurations and accommodation options perfectly suited to the market meaning that groups, couples and families would choose this accommodation over any other.
The location has particular prowess with a gorgeous meadow outlook on one side and snow capped mountains on the other.
The property has been well thought out and managed to minimise any maintenance and make it as easy as possible to manage or place managers in the complex.
There is a large 4 bedroom house for the managers complete with large garage and parking.
There is a huge upside of being able to expand this property with more units subject to the usual consents
The location is situated perfectly on the traveller's list of convenient stops and of course all the nearby attractions. This makes the property a welcome break and popular stop.
The yields have been improved over the last few years and the occupancy now has an upside.
Everything has been done to ensure the costs moving forward will be down to a minimum because of extensive maintenance over the last few years.
Breakfast is available making it even more of an attractive option and also there is a liquor licence which is welcome after a long days hiking. There is also potential for a retail shop for convenience goods and/or souvenirs.
Features:
Approximate Yield:
32%