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Apollo Hotel

$5,380,000 + GST (if any)

Freehold Investment Bay of Plenty

ID: 1820

Rotorua Trophy Tourism Investment

Property Name:
Apollo Hotel
Address:
7 Tryon Street, Rotorua
Property Type:
Motels
Sale Type:
Freehold Investment
Price:
$5,380,000 + GST (if any) 
Region:
Bay of Plenty
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Wayne Keene

Wayne Keene

National Director | Central Auckland

M: +64 21 666 991

wayne[dot]keene[at]bayleys[dot]co[dot]nz

Reasons to buy

  • 2,570sqm standalone building comprises of 2,864sqm freehold land (more or less)

  • Rotorua Apollo Hotel as an established tenant

  • Secured long lease until 2033

  • Fixing rental increase 2% every year; current gross rental $418,200 pa + GST

Wayne Keene

National Director | Central Auckland

Contact Agents

Wayne Keene

Mob: +64 21 666 991

Email: wayne[dot]keene[at]bayleys[dot]co[dot]nz

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Donna Li

| Rotorua

Donna Li

Mob: 022 016 6599

Email: donna[dot]li[at]bayleys[dot]co[dot]nz

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This prime location property offers a substantial hotel building totalling 2,570sqm on 2,864sqm of land including generous onsite car parks at your convenience.

The highly rated Rotorua Apollo Hotel comprises of a range of newly refurbished rooms with modern facilities. Free access to the swimming pool, spa, sauna and fitness centre for guests.

Only a short walking distance to the Whakarewarewa Maori Village and Rotorua International Golf Course, and a short drive to the Polynesian Spa and Blue Baths.

As one of the leading international tourism destinations in New Zealand, Rotorua's accommodation and hospitality sector contributes 10.5% to the district's economy.

Disclaimer: We do not accept responsibility for mis-statement or error contained on this site. Interested persons should rely on their own enquiry. All prices are plus GST if any unless otherwise stated. If the transaction is recognised as a going concern then the sale should be zero rated.

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Wayne Keene

Wayne Keene

National Director | Central Auckland

M: +64 21 666 991

wayne[dot]keene[at]bayleys[dot]co[dot]nz

Confidentiality

To access information about this listing please follow the link below and complete the Confidentiality Agreement Form.

Confidentiality Agreement Form

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