Size:

About 900 Sq Feet (260 m2)

Years Established:

18

Property Type:

Real & Lease

FF&E:

$ 1,750,000

Business Location:

The complex is situated at 247 Fenton Street, Rotorua New Zealand just 400 metres south of the Rotorua C.B.D. on Rotorua’s Golden Mile of Accommodation.

Premise Details:

This property has always been regarded as one of Rotorua’s premium Motels. It enjoys a balance of a 20 Apartment mix, which comprises 6 X Studio Apartments, 6 X one bedroom Apartments (which can be interconnected to form spacious 2 bedroom apartments.) 8 X Premium Superior quality executive 1 bedroom Apartments. All 1 bedroom Apartments enjoy a well equipped kitchen and a private fresh water Spa pool in their own glass roofed and beautifully muraled courtyards. There are 2 spacious ground floor access units and all apartments are non smoking. The complex is solidly constructed of brick on the ground floor apartments and no maintenance composite PVC sheathing on the first floor. There is a wide covered walk way running the entire length of the complex which is in 2 separate blocks. There is a well equipped laundry on site which has 3X commercial washing machines, 2X tumbler dryers and a large thermally heated drying room.

Competition:

We have established a steady return guest list with around a 40% return rate every year

Expansion Potential:

NZ and Rotorua are seeing positive signs of recovery in the tourism industry and growth with forward reservations growing and all the tourism statistics that we are sent every month forcaste increases going forward to 2015.

Living Accommodation?

There is a 2 story building situated at the main entrance (Fenton Street) end of the property which currently houses the Reception area, the Manager/Owners large 4 bedroom accommodation of reception and owners accommodation.

Planning Consent:

All permits,consents and Building WOf's are current.

Website:

Employees:

5-Mar

Trading Hours:

07:30 to 21:30 7 days a week

Support & Training:

Up to 6 months full training and post sale support is available to a purchaser.

Reason For Selling:

After 10 years the current owners are wishing to retire and travel.