Key Investment Insights
AI generated. Confirm details with the seller.
1. Freehold going concern sale, buyer acquires both land and operating business.
2. Prime Rotorua CBD location, described as tourism mecca, offering high visitor demand.
3. Property is steps from restaurants, cafes, shopping and local tourist attractions, enhancing walk-in and convenience appeal.
4. 1011 sqm (more or less) freehold land, providing asset security and potential future development flexibility.
5. Backpacker style accommodation with 16 rooms, catering to diverse guest types including 6- and 4-bed dorms, twin, triple, family and king rooms.
6. Shared bathroom and kitchen facilities consistent with low-cost, high-turnover hostel operations.
7. Includes a manager/owner's room, supporting on-site management and reduced staffing overheads.
8. Clean and comfortable presentation, supporting positive guest experience and occupancy potential.
9. Established track record hosting international tourists, implying existing market presence and demand.
10. Vendor states the business offers a serious return, suggesting existing profitability or cashflow potential.
11. Additional scope for improvement, signalling upside through refurbishment, yield management or expanded services.
12. Some listing details are unverified and parts of the information are confidential, with further specifics available under a confidentiality agreement and Information Memorandum.