249 Frankton Road, Queenstown, Queenstown Lakes

Management rights for sale

Villa del Lago includes a complex of 18 premium apartments situated on the shores of Lake Wakatipu, Queenstown. The complex comes with its own pebbled beach and jetty, a cycle and hiking trail right out front and stunning unobstructed views of Lake Wakatipu and the surrounding mountains.

The current owners have managed the grounds and buildings for 10 years and currently serve as letting agent for 16 apartments, ranging from 70sqm 1 bedroom suites to 170sqm 3 bedroom villas. Total accommodation capacity is 52 guests per night. All the apartments are fully equipped and appointed for self-catering home-away-from-home vacations and incorporate recently refurbished kitchens, bathrooms, flooring, lighting and soft furnishings.

Many industry accolades include being named the 2020 winner of "Queenstown's Best Luxury Hotel Award" by the US-based assessment company Luxury Lifestyle. Located just 2 kilometres from the Queenstown CBD and 5.5 kilometres from the International Airport, and Frankton shopping precincts, this enviable position gives you excellent access to all of Queenstowns renowned adventure and leisure activities.

Revenues have been tracking up strongly since the reopening of the borders under the auspices of a skilled team.

High calibre complexes, such as Villa del Lago, rarely become available. Take this opportunity to secure these management rights only being offered as the current operators have other ventures to pursue.