5 Coronation Drive, Queenstown, Queenstown Lakes

Management rights business in central Queenstown

This well-established business, under the current ownership since 2011, oversees 19 units—16 with exclusive rights within the St James Apartments and the privilege of an additional 3 units in the adjacent Penrich Court.

The property's prime location, just 100 meters from the town centre, lakefront, and Queenstown Gardens appeals to visitors to Queenstown with its tranquil setting in established gardens.

The offering includes operational control and letting rights for these units, providing a consistent income stream in Queenstown's vibrant tourism market. Each unit is self-contained and offer outdoor areas/balconies (except two units) and feature kitchen or kitchenette facilities, private bathrooms, and access to amenities such as free Wi-Fi and on-site parking.

The complex also offers a welcoming reception area, lift access, and a dry ski storage room catering to guests' needs throughout the year. Acquiring these management rights presents a lucrative opportunity in one of New Zealand's premier tourist destinations, backed by an established clientele and a robust operational framework.

Accommodation businesses of this calibre are rarely available in Queenstown and presents an exciting opportunity to secure an established and well-respected business in a key location in central Queenstown.

Get in touch today for more information and turn your dream of owning a successful business in New Zealand's Tourist mecca into a reality.