Absolute Lakefront Superior Lodging
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About this business for saleAbsolute Lakefront Superior Lodging
Located absolute Lake Front on one of the most exclusive addresses on Lake Rotorua.
Featuring a superior fit out using a lot of New Zealand timbers and high end quality furnishings. The location is superior within minutes drive to some of NZ top tourist destinations, the CBD and Airport.
The complex is made up of 10 rooms with 10 Bathrooms and a very nice owners/managers apartment, lake front kitchen and dining facilities, lakefront 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 re-branded. The business has proven to be recession proof with a strong reputation with travel agents offering a sustainable growing occupancy.
This Retreat is on 3,773sqm land, 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.
Theres is a recent registered valuation for qualified interested buyers.
Will be sold as a Freehold Going Concern, price is plus GST (if any). For further information free phone 0800 225 999.
***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.