Lodges on Premium Lakefront
$3,850,000 plus GST (if any)
Refer to Broker
About this business for saleLodges on Premium Lakefront
Located absolute lake front on one of the most exclusive addresses on Lake Rotorua, within a minutes drive to some of NZ's top tourist destinations, the CBD and Airport.
The complex is made up of two dwellings that sit on their own titles, in total offering 10 bedrooms with 10 bathrooms and a very nice owners/managers apartment, lake front kitchen and dining facilities, lake front sauna and spa.
The business is operated as a Bed & Breakfast allowing less hands on day to day duties from the owners.The business is growing year on year with plenty of areas for potential growth should the new owners wish to operate the complex as a licensed lodge and offer full kitchen and bar facilities.
Purchased by the present owners in 2005, the complex has been fully refurbished, extended and rebranded. Proven to be recession proof with a strong reputation with travel agents offering a sustainable growing occupancy.
Land area is 3,773sqm, is freehold and comprised of two complexes which are on separate titles allowing for easy future sell down if required. One of the few premium New Zealand properties with 75m of riparian rights on their water front, this means no public access or landing is allowed by the public on the beach in front of the luxury property. The property has its own private boat ramp and 12m jetty allowing float planes to pick up and drop off quests and a lake edge spa and sauna facility - pure indulgence.
A recent valuation states the land and buildings alone exceed a value of $4,000,000. This Lodge is priced to sell at $3,850,000 which includes the business with forward booking, land & buildings, luxury furnishings.
Will be sold as a Freehold Going Concern, price is plus GST (if any).
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***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business. Please contact the broker for further details.
*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.