The 35.4ha property located at 987-1002 Tirau Road near Lake Karapiro in Cambridge is 50% owned by Lakeside Hospitality Limited, which is controlled by Wellington’s well-known Muollo family. Jolene and Daniel Kajavala own the remainder of the resort.

The property includes 45 standalone chalets and a main complex, health and wellness facilities such as a 20-metre heated indoor swimming pool, conference facilities and a restaurant. Rooms at the chalets start from $550 per night.

“We expect interest to come from both national and international buyers,” said New Zealand Sotheby’s International Realty principal Marcus Blum.

“Complete turnkey 5-star resort complexes located in one of New Zealand’s fastest-growing tourism hotspots makes Lakeside Spa and Resort an extremely attractive proposition.”

Sotheby’s said there were opportunities for scale and expansion as some adjoining land holdings were also for sale.

In April 2023, the resort’s name was changed from Resolution Retreats to Lakeside Health and Wellness Resort.

Resolution Retreats was named New Zealand’s Best Wellness Retreat at the World Spa Awards in 2020, 2022, and 2023.

Tenders for the property close at 4pm, 21 March unless sold prior.

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The 9,254 square metre property at 869 Hanmer Springs Road is being offered either as a freehold going concern, or the business only.

Amuri Jet Adventures is an established brand with “forward bookings in place for jet boating, quad bike rides & rafting tours”, noted Harcourts, which is marketing the sale.

The lodge, standalone booking office, chattels such as boats, rafts, vehicles and quad bikes, and unutilised land prime for further development are also being offered.

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Skyline Enterprises is selling its Chester Building on the corner of Camp and Shotover streets in central Queenstown.

The 822 square metre site has been a significant component of the operator’s property portfolio since its acquisition in 2004 in a $60m deal involving seven other buildings.

“Every visitor to Queenstown either walks or drives past this prominent corner site,” said agent Bayleys.

“The high-profile ground floor corner tenancy is currently available allowing any prominent national or international brand direct access to New Zealand’s biggest tourist market.”

Skyline reported revenue from its investment properties totalling $7.8m in the year to March 2023. 

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The 10-hectare, 72-room lodge property located off SH8 is being sold as freehold by its owners Mike and Louise Neilson, who have operated it for 33 years. A concession from the Department of Conservation to operate the ski field is also part of the sale.

CBRE, which is managing the sale, said the lodge attracted 25,000 visitor nights per year.

“This asset will appeal to investors who will recognise it as a highly exciting opportunity to acquire an iconic South Island tourism destination with well-established ski and accommodation facilities,” said CBRE Christchurch managing director Tim Rookes.

“Exciting concepts have been drawn up for two undeveloped building sites on the property, capturing spectacular views up the lake. We have also been in discussions with global luxury accommodation operators who have expressed interest in operating a new lodge at Ōhau on behalf of the new owners.”

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The 4-star, 20-room boutique hotel at 15 Main Road Fox Glacier includes a restaurant, commercial kitchen, and manager’s accommodation.

JLL’s Nick Thompson and Paul Lysaght are the agents.

The post Te Weheka Hotel for sale appeared first on Tourism Ticker.

The asset is subject to a long-term ground lease to the Ngāti Whātua Ōrākei Maori Trust Board, with a secure tenure of approximately 123 years remaining. The hotel is operated under the Netsuto brand under a management lease, with a landlord-favourable turnover rent structure.

Expressions of interest for the property close on 24 August and should be made to CBRE Hotels agents Michael Simpson and Wayne Bunz, and Warren Hutt from CBRE New Zealand.

“The scale of this opportunity combined with Auckland’s hotel and tourism market recovery is expected to underpin high levels of buyer interest from both domestic and international capital sources,” said Simpson.

The hotel was previously offered to market in April 2022 by Colliers.

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Richard and Jolanda Foale have put their Coffee Afloat and Burger Afloat business up for sale, after launching the coffee venture two years ago when the trail opened. Burger Afloat soon followed and went on to win awards in Central Otago’s Eat.Taste.Central event.

The $7m, 58km Lake Dunstan Cycle and Walking Trail between the Cromwell Heritage Precinct and Clyde Historic Village was officially opened in May 2021 and attracted more than 80,000 people during its first year.

Coffee Afloat was “an immediate hit, with baristas serving 200-plus cyclists on most days,” said
Steven Kirk of Bayleys.

“The coffee and burger boats offer barista coffee, fresh baking, award-winning burgers, waffles and bacon butties, using local suppliers wherever possible,” Kirk said.

“Sustainability is a major feature. On-boat services are powered by rooftop solar panels, coffee is served in compostable cups and recycling is part and parcel of business practices.”

The Foale’s also opened a Coffee Afloat outlet at Frankton Marina in Queenstown, catering to marina users, passers-by and tourists.

The business employs around 10 seasonal part-time staff across both the Lake Dunstan and Frankton Marina locations.

Bayleys said the mobile nature of the boats presented options “for a new owner to further grow the operation, for example by utilising different lakeside sites to service functions and summer events, which are ever popular in this area”.

The post Lake Dunstan trail’s floating hospo outlets up for sale appeared first on Tourism Ticker.

The nine-level complex includes 16,000sq m of net lettable area on a freehold 3,486 square metre site. Event Cinemas is an anchor in the building and operates the IMAX cinema screen.

According to Colliers, the property has a passing income of $4.25m currently, lower than a previously contracted rent income of approximately $9m.

Expressions of interest close on 27 April 2023 unless sold prior.

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The 1,585 square metre motel and land package comprises 25 units and includes a 33-bed backpackers wing and a two-bedroom first floor apartment, both of which are under long-term lease.

The sale of the 14 Rapuwai Lane property is being managed by Colliers, which cited Marketview data showing that consumer spending in Mackenzie has jumped 16% in the year to December 2022.

This freehold going concern is being offered for sale by deadline by 4pm, Thursday 30 March 2023 unless sold prior.

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Located at 22-28 Cumberland Street in Leigh village on the Matakana Coast, the sale of the Leigh Central property would consist of a range of accommodation options including self-contained units, cabins and motorhome/caravan facilities, catering for couples, caravaners, wedding or family groups.

Leigh Central is for sale by negotiation as a freehold going concern.

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The 8,877 hectare station is 46km up the Waihopai River valley and one hour away from Blenheim airport.

The sale would include the station’s current range of activities including farming, tourism, honey harvesting and hunting but “could integrate well with other tourism and recreation opportunities,” Bayleys said.

Offers for the station are being accepted until Friday 30 April.

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Whyte Waters Group Limited (In Liquidation)

An established provider of advertising, information and room collateral with the core business a real time booking system servicing the tourism industry.

On offer is the existing IP and tangible assets.

This is an opportunity to incorporate into an existing operation, develop the product further servicing existing clientele and / or expand the system to service other sectors.

Currently based in Otago, the business could be operated from anywhere with staff working remotely. Whyte Waters Group Limited continues to trade in the current environment and for the astute buyer will have a bright future.

Deadline Sale closing 4pm Thursday 3rd December.

For more information or to make an enquiry please contact Kate Mullins on 027248 8456 or Kate.mullins@bayleys.co.nz

Whalan and Partners Ltd, Bayleys, Licensed under the REA Act 2008

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Pier Hotel

Details:

• 1 Avoca St
• 710 square metre hotel
• 2428 square metre north-facing site
• A restaurant and bar on the ground floor
• Nine guest rooms upstairs

Kaikoura’s iconic Pier Hotel is for sale. The hotel, located at 1 Avoca Street on the waterfront, is a north facing building on a 2,428 square metre freehold section.

The hotel has unbeatable views from across the bay to the Seaward Kaikoura Ranges. A top location showing excellent returns!

The already thriving business offers nine upstairs bedrooms with mountain and sea views, ample off street parking for staff and guests, and a two bedroom self-contained flat for staff members. The hotel itself includes kitchen, dining and bar areas that have been modernised to a high-standard.

Kaikoura is booming and future tourist numbers are on the rise.

Contact:

Rob Gibson
Savills
Mb: 027 443 9255

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For Sale by Deadline Private Treaty closing at 2pm Thursday, 7 Mar 2019 (Unless sold prior)

Details:

• Land Area: 587.00 m2. Floor Area: 2,260.00 m2.
• Corner location approximately 50 metres from Courtenay Place
• Established accommodation business operating as a backpackers
• Multiple income streams
• Ground floor restaurant
• Six penthouse apartments

A distinctively striped Wellington inner city backpackers hostel, just off Courtenay Place, is being sold as a freehold going concern.

The offer includes the Wild Zebra Backpackers operation and all the property located at 58-60 Tory Street, respectively owned by Wellington Backpackers Ltd and Stayandi Trust.

The seven-storey freehold unit tilted building, which sits on 587sq m of land, was built in the 1940s and was originally an office building and known as the Macarthy Building.

Over the years, it has had several reincarnations including accommodating the Wellington branch of the Department of Conservation.

It was renovated in the early 1980s, unit titled in 1997 with each floor now having its own title and converted to a backpackers around 2008.

Initially known as Wildlife Backpackers, it has more recently been rebranded Wild Zebra Backpackers with a paint job to match.

Colliers International Associate Director Sam McIlroy says it has multiple uses and income streams.

“On the ground floor is a restaurant, Wildfire, while levels one to five comprise the backpackers, with some 250 beds split into dormitory, single, double, ensuite and family rooms. On the top floors are six penthouse apartments.

“The property provides a strong cashflow and we think it would make an ideal family operation because of the labour-intensive nature of this type of business.

“Alternatively, operators of backpackers elsewhere in the country will be interested in the opportunity as it enables them to sell guest nights off their existing operations.”

The prominent Te Aro building has a net lettable area of 2,260sq m and is being sold by deadline private treaty closing at 2pm on Thursday March 7, unless sold prior.

“Courtenay Place is an increasingly popular choice for people wanting to live and work in the central city, with stylish apartment developments attracting tenants who enjoy the Courtenay Place precinct.

“This is one of Wellington’s main entertainment areas with many bars, restaurants, cafes, cinemas and concert venues.

“It is also popular with the creative, design and digital industries and has been the centre of apartment development in the city.”

Nearby is the Embassy Theatre, the St James Theatre as well as many terrific cafes, bars and restaurants.

Contact:

Sam McIlroy
Associate Director
Colliers International – Wellington

Ph: +64 4 470 4043
Mb: +64 21 730 100

Alistair Robertson
Commercial & Investment Sales
Colliers International – Wellington

Ph: +64 4 470 3927

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Freemans Backpackers Lodge

Details:

• 546sqm freehold site in Freemans Bay

• Central city residential dwelling converted into backpackers accommodation

• $175,000pa net income (approximately) last 12 months

• Zoned Terrace House and Apartment Building (THAB)

• Close proximity to Ponsonby, Karangahape Road, and transport routes

A city-fringe backpacker lodge straddling several of Auckland’s premier hospitality hubs and just a short walk from the central business district has been placed on the market for sale.

Freemans Backpackers Lodge in Freemans Bay has been operating from a converted villa for 15 years – sustaining an 80 percent occupancy rate during the 2017/2018 financial year.

The commercial accommodation premises sitting on 546 square metres of freehold land is configured in a range of sleeping options – from bunk style dormitories through to share twin/double and family rooms. Guest amenities at the property include a semi-commercial grade kitchen, three toilet/bathroom suites, a communal lounge/TV room, and a large private back lawn.

The Freemans Backpackers Lodge land, buildings, and going concern accommodation business at 65 Wellington Street are being jointly marketed for sale by tender through Bayleys Real Estate and Blu Realty, with tenders closing at 4pm on March 14.

Bayleys Auckland salesperson Stuart Bode said the lodge’s room inventory consisted of five double bedrooms, a pair of six-bed dormitories, a four-bed dormitory, a pair of twin bedrooms, three single bedrooms, and a family suite. He said most of the accommodation rooms were housed in the former residence portion of the lodge, with two bedrooms and a dormitory situated in a building at the rear of the main dwelling.

“Freemans Backpackers Lodge is a stereotypical backpackers accommodation – catering to the budget end of the free independent traveler market, and last financial year generating net income of $180,000. The business is run by a full-time manager who lives on site,” he said.

Chattels within the Freemans Backpackers Lodge sale include all kitchen whiteware, bedding and lounge furniture, the lodge’s trading name and marketing collateral, and forward bookings.

Blu Realty salesperson Leah La Hood said the lodge’s location within a surrounding residential environment attracted a clientele wanting a more suburban atmosphere for the duration of their stay, rather than the vibrancy and associated noise of the bigger CBD backpacker lodges in downtown Auckland and around the top of Queen Street.

“Backpackers as a visitor segment have a strong propensity to enjoy the hospitality amenities of the city in which they are staying, and from that perspective, Freemans Backpackers Lodge is strategically located just a short walk from the CityWorks Depot, Karangahape Road, and Ponsonby Road – all with their proliferation of food and beverage outlets,” she said.

“The growth in Auckland’s tourism sector is reflected in the history of 65 Wellington Street – which was first converted into a boarding house in 1975 before morphing into a commercial accommodation provider in the early 2000s.”

Latest commercial accommodation data from Stats NZ for the Auckland show that visitor guest nights in the city were up 0.7 percent in the 12 months to November last year – with hotels and backpackers recording the biggest occupancy increases within that figure.

The Government data also noted there were 892,835 backpacker stay nights recorded in Auckland over the 12 months to November 2018l – for an average industry occupancy rate of 54.9 percent.

“Freemans Backpackers Lodge with its occupancy rate of 80 percent clearly outperforms its competitors from that perspective,” Ms Le Hood said.

Mr Bode said 65 Wellington Street was zoned residential terrace house and apartment building under the Auckland Unitary Plan – allowing for the construction of multi-storey dwellings or apartments as future development options for the site.

Contact:

Stuart Bode
027 493 6223
stuart.bode@bayleys.co.nz

Mike Bradshaw
021 244 2264
mike.bradshaw@bayleys.co.nz

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Waoku Lodge, Raglan

For Sale by Deadline Private Treaty Thursday, 14 March (unless sold prior)

Details:

Boutique accommodation provider Waoku Lodge overlooking the famous Raglan surf breaks has been placed on the market for sale.

A high-end boutique accommodation provider overlooking one of the most famous surf breaks in the world has been placed on the market for sale.

Waoku Lodge is positioned on the hills above Whale Bay on Raglan’s famous peninsular. The 350 square metre lodge – consisting of four two-bedroom self-contained apartments – sits on some 4.659 hectares of bush land sitting at the base of Mount Karioi.

Raglan’s mantra as a board-riding destination was first made famous by the classic 1966 surf movie Endless Summer which featured the exploits of a trio of young American surfing buddies seeking out the world’s best wave-riding spots…. including Manu Bay’s legendary left-hand wave. The ground-breaking movie is still widely credited for making surfing the popular sport it is today.

Waoku Lodge was first established in the 1980s as an apartment complex. In 2007 the lodge was substantially upgraded and modernised in a year-long programme undertaken by its current owner-operators.

Nightly rack rates at Waoku Lodge are $499 per apartment. In addition to providing accommodation, the venue also operates an in-house massage therapy and day spa service offering facials, exfoliations, hair hydration treatments, manicures, eyelash and eyebrow tinting, seaweed body wraps, and waxing. The activity trades as Moana Day Spa and operated from one of the apartments.

Two of the four apartments are ocean-facing, with one facing onto native bush, and fourth used as the day spa amenity. The apartments within Waoku Lodge contain two queen-size bedrooms, an open plan living area, full kitchen and deck with spa pool..

The Waoku Lodge freehold land, buildings and business trading as a going concern at 51A Whaanga Road are now being marketed for sale by deadline private treaty, through Bayleys Hamilton, with offers closing at 4pm on March 14. Bayleys Hamilton salespeople Rebecca Bruce and Mark Frost said there were numerous options to run the business – either retaining operations in their current format, or expanding the venture.

Included in the business infrastructure is a comfortable two-bedroom cottage located above the main lodge dwelling. Surrounded by bush, the residence has an office space and single car garaging.

“The owner-manager’s cottage could also reformatted into additional accommodation if the business was managed remotely,” Mr Frost said. “Additionally, there is the potential to reconfigure the day spa space back into a fourth luxury apartment – which it was previously used for up until a couple of years ago.

“Subject to appropriate council consenting, the address has considerable land currently clad in regenerating bush and scrub which could be landscaped and developed to accommodate several more guest suites without impacting on the existing amenities.

“A building platform has already been cleared for this purpose, and the flat area is currently leased out to a local honey producer for beehive activity.”

Over the 2017/18 financial year, Waoku Lodge recorded an average annual occupancy rate of 61 percent – running as high as 81 percent during summer or when short-stay specials are offered.

Trading records show some 56.3 percent of bookings are from New Zealand residents, with the remainder emanating from Australia, North America and Asia. The lodge only accommodates free independent travellers.

Business revenues for the lodge have averaged $320,000 per annum over the past three full financial years – with the day spa activities additionally accounting for approximately $34,000 of net income annually after operating expenses.

Contact:

Mark Frost
Bayleys
Hamilton

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