Tourism uplift underpins value in South Westland

Franz Josef continues to be a popular tourist destination, drawing steady year-round visitation thanks to its glacier landscapes, its place within the Westland Tai Poutini National Park, and position on the South Island touring route.

Investors now have the opportunity to secure a stake in the area, with the land and buildings associated with the Franz Josef TOP 10 Holiday Park for sale, offering secure long-term income supported by strong underlying land value in a proven visitor market.

The substantial accommodation asset is set on more than 4ha of landscaped grounds at the foot of the Southern Alps, positioned on State Highway 6 that connects Christchurch, the West Coast glaciers and Queenstown. The property has excellent visibility and profile, and offers easy access for independent travellers, campervans and coaches.

Franz Josef TOP 10 Holiday Park is licensed for over 400 guests and benefits from sustained domestic and international demand, with overseas visitor arrivals through Christchurch Airport recently surpassing pre-Covid levels. The park has experienced good growth in recent years and continues to trade very well under new management by experienced operators.

The established accommodation mix includes backpacker and group bunk rooms, self-contained rooms, deluxe ensuite units, and powered and non-powered camp sites supported by communal kitchens, laundries and guest facilities. Manager’s accommodation is located slightly north of the office block, offering a degree of privacy and operational convenience.

The scale, layout and amenity profile position the asset as one of South Westland’s most comprehensive holiday park operations. Peckham Spring Limited, a group that operates nine Top Ten Holiday Parks, holds the long‑term lease, providing secure rental income of $265,000 net per annum plus OPEX and GST. The lease runs through to 2038, offering stability and predictable cashflow for investors. Regular rent reviews provide scope for income uplift over the term.

The property is for sale by deadline private treaty closing Wednesday 30th October, unless sold prior, through Murray Madgwick of Bayleys Canterbury.

The holiday park’s performance reflects both its strategic location and the appeal of the broad and accessible accommodation offering itself, making this a straightforward passive investment, says Madgwick.

“This is a well‑run operation with experienced managers who understand the dynamics of the West Coast tourism cycle and a long lease that gives investors’ confidence in the income profile.

“The business has traded very well and continues to benefit from strong visitor flows across the region.”’

Madgwick adds that the broader tourism environment is reinforcing the appeal of South Westland.

“The West Coast is outperforming many other regions, and the return of international visitors is lifting occupancy and revenue. Investors are looking for assets with scale, secure income and proven operators, and this property delivers all three.

“The National Park setting and the scarcity of truly unspoiled natural environments continue to drive the long-term appeal of quality accommodation investments in South Westland.”