Positioned on State Highway just four kilometres north of the iconic Franz Josef Glacier township, Glenfern Villas presents an exceptional opportunity to acquire a well-established motel complex investment in one of New Zealand’s most visited tourist destinations. This four-star-plus rated complex comprises 18 self-contained serviced units across nine well designed buildings, offering a mix of eight two-bedroom and ten one-bedroom units, all finished to a high standard with modern kitchen and bathroom fitouts, heat pumps and private decks.
Secured by a 35-year lease to experienced operators Acom Limited at $202,826 + GST + OPEX per annum, this is a genuinely passive, long-term investment with 100% outgoings recovered by the tenant. The property benefits from consistently strong occupancy rates of 60–70% annually, surging to near capacity during peak summer months, underpinned by the region’s 1.1 million annual visitors. Glenfern Villas offers a compelling accommodation investment with built-in rental growth.
For sale by Deadline Private Treaty closing 4pm, Thursday 16 July 2026 (unless sold prior).
*Boundary lines are indicative only.
Features:
- Income $202,826 + GST + OPEX
- 18 individual apartments, 10x 1 bedroom, 8x 2 bedroom
- Freehold title
- Built and opened in 2000
- Land area 5,225 sq m (more or less)
- Quality accommodation offering
- Floor area 890 sq m (approx)
- Well presented + maintained
- CV $2,500,000
- Native landscape setting
More information: https://www.colliers.co.nz/p-NZL67040527
