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*** SOLD ***
Motel FHGC excellent investment complex
Listing: #15531
Nols Bertram
Broker | Bay of Plenty
This listing is no longer taking enquiries as it is SOLD
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About this Business for sale in Rotorua
Motel FHGC excellent investment complexFantastic opportunity to join New Zealand’s accommodation tourism industry in the North Island’s adventure and thermal capital, Rotorua. Victoria Lodge is a 13 room motel with 4 x 2 bedroom apartments and 9 Studio hot pool rooms with private, outdoor, thermally heated plunge pools. Convenient and accessible, the Victoria Lodge is positioned on a corner site in a residential zone adjacent to Rotorua’s shopping hub. The owner/managers’ apartment is a comfortable home and office with 2 bedrooms upstairs, mezzanine lounge / study / balcony and open plan dining / lounge and galley kitchen plus spacious office on the ground floor through into the modern reception, an ideal welcome for guests to Rotorua. Victoria Lodge is an easy care property, with the advantage of a thermal bore, delivering energy savings and thermally heated rooms. There is a 30 year lease in place to on-sell if required with a annual rental of $112,500 per year. • Well positioned on Page 1 of Google • Fully functional and successful website • Listed in Lonely Planet 2011 and 2012 • Great central location. 2 minutes’ walk to CBD, approx. 15 minutes’ drive from Rotorua Airport • 30 year lease • Quality refurbishment August 2010 minimal maintenance costs • 9 Cosy designer studios for 1-3 people • 4 Executive, self-contained townhouse apartments for up to 7 people • Unique private hot pools in studios • SKY Digital Guest Select 50 Channels+ • Wireless internet available • Guest laundry available • Drive around property with 14 free off-street parks Call now for further details
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This listing is no longer taking enquiries as it is SOLD
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.