Located conveniently in the heart of Rotorua City, only a few minutes' walk to the main Visitor Information and Transport Centers, Rotorua's finest cafes, restaurants and bars, Pak'n'Save, McDonalds. A few extra minutes you are at the Lakefront, Government Gardens, the Museum, or Polynesian Pools, the golf course, Whakarewarewa. The property offers 8 rooms with 3 bedrooms manager accommodation and registered geothermal bore. The majority of units are one or two bedroom with kitchen, bathroom, outdoor parking, sharing laundry, outdoor thermal pool, most of them are occupied by long term tenants, total returns over $120,000 per annual, the yielding rate is 12.6%! The current owner still keeps all the motel consents valid. Option is available for investor or business purchaser or retirement purpose or even immigration. It is right time to take advantage of the prime positioning for a multitude of future uses. As a result the land, buildings and businesses are being offered for sale together by going concern. The confidential information package which is including LIM Report & Valuation Report & Title & Tenancy agreements all available by request. |