BUSINESS DESCRIPTION
Freehold Going Concern: $1,670,000 plus GST (if any) showing a 12% return
13 unit Motel, quality solid masonry construction refurbished to a very high standard in 2010, thermally heated central heating throughout the complex with a unique private hot pool in each of the studio apartments. Strategically situated on a corner site in a residential zone just a couple of minutesâ?? walk to the CBD for cafes, bars and shopping, approximately 15 minutesâ?? drive from Rotorua Airport.
Lease purchase only $357,000 plus GST (if any) showing a 29% return
This Impressive 4 star boutique Motel lease shows year on year growth and is an ideal size for a couple wishing to maximise their return.
Well-designed 2 storey managers accommodation featuring 2 large bedrooms and lounge with intimate deck upstairs, an office, dining room and galley kitchen downstairs with ample storage throughout and the added bonus of central heating.
This property is very easy care and is one of Rotoruaâ??s best, recommended by independent travel sites such as Trip Advisor and Lonely Planet for comfort, cleanliness, friendliness and special little extras.
Other features include;
â?˘\tWell positioned on Page 1 of Google
â?˘\tFully functional and successful website
â?˘\tListed in Lonely Planet 2011 and 2012
â?˘\tGreat central location. 2 minutesâ?? walk to CBD, approx. 15 minutesâ?? drive from Rotorua Airport
â?˘\t30 year lease
â?˘\tQuality refurbishment August 2010 minimal maintenance costs
â?˘\t9 Cosy designer studios for 1-3 people
â?˘\t4 Executive, self-contained townhouse apartments for up to 7 people
â?˘\tUnique private hot pools in studios
â?˘\tSKY Digital Guest Select 50 Channels+
â?˘\tWireless internet available
â?˘\tGuest laundry available
â?˘\tDrive around property with 14 free off-street parks
Call me now for further details or complete the online confidentiality agreement.