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Refer to Broker
Fantastic 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
*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.
Buying a business is an exciting time and will prove to be one the most impactful decisions you will make in your lifetime. We’re here to help you on your journey.
Discover what you can afford, how much your loan repayments may be, and how much you could earn.
Buying a business should be exciting, but it can quickly become stressful if you don’t have experience in accessing business acquisition loans.
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