Waiariki House is For Sale as a Leasehold Interest

Waiariki House accommodation business is for sale as a Leasehold Interest. It is currently run as a Hall of residence for International and New Zealand students for the local colleges. It is situated in the cente of Rotorua and very close to the world famous Polynesian Spas.

The property was purchased 10 years ago by the current owners, who have invested heavily to convert the building to house students from the local colleges.  The Hall's of residence are currently run by managers, however, the owners feel that a new lease should be created.

This will be an exciting opportunity for prospective purchasers looking to have an exclusive and unique opportunity to run their own well established business. The major benefit is operating the business with additional opportunities to develop and open up new business streams.

Waiariki House has the following facilities:-

Two storey building housing 56 residents in 24 twin and 8 single rooms.

·         1 x 4 Bedroom

·         2 x 3 Bedroom

·         24 x twin Bedroom

·         Managers office/reception

·           Dining Kitchen, cold storage room and Lounge facilities

·          Separate Men and women Toilets/Showers

·          Wheelchair Access

·           Communication Room with Internet Facilities.

·           Telephone and Internet connections to each student in their own room

.·           Laundry facilities

·           Residential Owners Accommodation including 1 Bedrooms with en suite facilities and Lounge.

This is an exceptional opportunity for a first time buyers and/or experienced motel operators to build this business and reap the rewards offered by a brand new lease. 

Rotorua

(from Māori: Te Rotorua-nui-a-Kahumatamomoe, "The second great lake of Kahumatamomoe")

Rotorua is sited on the southern shores of Lake Rotorua, in the Bay of Plenty region of the North Island of New Zealand. The city is the seat of the Rotorua District, a territorial authority encompassing the city and several other nearby towns. Rotorua city has an estimated permanent population of 55,600 , with the Rotorua district having a total estimated population of 68,200 . The city is in the heart of the North Island, just 60 kilometres (37 mi) south of Tauranga, 80 kilometres (50 mi) north of Taupo, 105 kilometres (65 mi) east of Hamilton, and 230 kilometres (140 mi) southeast of Auckland.

Rotorua is a major destination for both domestic and international tourists; the tourism industry is by far the largest industry in the district. The city is known for its geothermal activity, and features geysers – notably the Pohutu Geyser at Whakarewarewa – and hot mud pools. This thermal activity is sourced to the Rotorua caldera, on which the city lies.. Rotorua is home to the largest tertiary institute outside of the university centres, the Waiariki Institute of Technology.

Geothermal areas

Kuirau Park, to the west end of the central city, is also remarkable hot bubbling mud pools dot the park, lending a surreal air to the setting. Visitors can soak their feet in hot pools.

The especially pungent smell in the central-east ‘Te Ngae’ area is due to the dense sulphur deposits located next to the southern boundary of the Government Gardens, in the area known as ‘Sulphur Point’.

Lakes

With 17 lakes, the Rotorua region is an aquatic paradise. Fishing, waterskiing, swimming and other water activities are popular in summer. The lakes are also greatevent venues; Rotorua hosted the 2007 World Waterski Championships and Lake Rotorua was the venue for the World Blind Sailing Championships in March 2009. Lake Rotorua is also used as a departure and landing point for float planes.

Other activities

Rotorua is also home to botanical gardens and interesting historic architecture. Known as a spa town and major tourist resort since the 1800s, many of its buildings hint at this history. Government Gardens, close to the lakeshore at the eastern end of the town, are particularly worthy of note.

Another of Rotorua's attractions is mountain biking. Whakarewarewa Forest has been described as 'the Disneyland of mountain biking' and has some of the best mountain bike trails in New Zealand. Rotorua hosted the UCI Mountain Bike and Trials World Championships in August 2006.

Road

Rotorua is served by State Highways 5, 30, and 30A, and the Thermal Explorer Highway touring route, with State Highways 33 and 36 terminating on the outskirts of the city.

State Highway 5, running concurrently with the Thermal Explorer Highway, is the main north-south route through Rotorua, bypassing the city centre to the west. North of the city at Ngongotaha, State Highway 36 splits off to provide a route to Tauranga via Pyes Pa, while State Highway 5 turns westward, connecting to State Highway 1 at Tirau and providing the main route into Rotorua from Hamilton and Auckland. To the south, State Highway 5 provides the main route into the city from Taupo, Hawke's Bay, Manawatu, and Wellington.

State Highway 30 runs southwest to northeast through the city. The route from Tokoroa, Waitomo Caves and Taranaki enters the city in the southwest (running concurrently with State Highway 5), before crossing the southern suburbs to the shore of Lake Rotorua east of the city centre. It then runs through the suburb of Te Ngae, before spliting off State Highway 33 to provide an eastern route to Tauranga via Te Puke. State Highway 30 then turns eastwards, and connects to the eastern Bay of Plenty, and the Gisborne region.

State Highway 30A runs northwest to southeast, connecting State Highways 5 and 30 with each other via the city centre.

Air

Rotorua International Airport is located 9 kilometres (5.6 mi) northeast of the city centre, off State Highway 30. Air New Zealand provides daily turbo-prop flights between Rotorua and Auckland, Wellington, and Christchurch airports, with a daily 737 flight between Rotorua and Christchurch in the summer months. Previously Qantas also operated a Boeing 737 on the same route, but upon their departure from domestic flights in New Zealand this was discontinued.

Work has been completed to increase the main runway length to allow direct Airbus A320 flights to and from Australia. Air New Zealand has commenced direct flights to Sydney; interest in other routes has came from Jetstar, who have been considering Brisbane or the Gold Coast as possible routes.