93 Cook Flat Road, Fox Glacier, West Coast

93 Cook Flat Road, Fox Glacier, West Coast Blue Ribbon Investment - 7.4% + Return

Well-presented 25-unit freehold motel investment property which provides excellent accommodation to guests visiting New Zealand's world-famous glacier area (Fox and Franz Josef glaciers). The views from this motel encompass some of New Zealand's highest mountain peaks (including Aoraki Mt Cook, and Mt Tasman), and are stunning.

The modern 25-unit complex is comprised of 21 studio units, 2 spa studio units, 1 x one-bedroom unit, and 1 x two-bedroom unit. All units and the entire motel complex are very well-presented. The size of the motel makes it ideal for tour groups, and tour coaches can readily park and manoeuvre in the spacious carpark on the 5,001 sqm property.

The modern onsite Manager's residence has three bedrooms and provides excellent accommodation, with a logburner in the living area.

Fox Glacier is a major tourist attraction, and is approximately half an hour's drive south from Franz Josef Glacier. Regular flights and guided tours occur to the glaciers. Being on the main South Island tourist route makes the period from October to April particularly busy.

This motel has a good lease (with 20 years to run from October 2020) which provides security for both investor and tenant. With the rental return being in the range of 7.5%, this is truly a gilt-edged passive investment for an astute investor. Make it yours - call today!

The floor areas quoted are sourced from (Vendor, Landlord, Property Guru, Architects plans etc) and have not been independently verified. We recommend the (tenant / purchaser) seeks their own expert assessment from a suitably qualified professional.