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| Property ID: | THL11-1021 |
| Property Type: | Motels |
| Sale Type: | Leasehold Interest (Business) |
| Region: | Bay of Plenty |
| Address: | Lake Road, Rotorua |
| Price: | SOLD |

| Phone: | +64 7 5525811 |
| Mobile: | +64 211 259359 |
| Email: | tom@tourismproperties.com |

Cleveland Motel is For Sale in Rotorua with a 18 year lease . Situated on the Lake road and minutes away from the Lake front, its one of the first Motels on the left hand side in to Rotorua from Auckland. With it's easy access to the city centre and it's favourite shops, restaurants, cafes and bars. All the main tourist attractions are accessible from this spacious and charming motel.
Rotorua's continuing modernisation programe plus the opening of the new International Airport, has elevated this popular tourist town to one of the premier visitor destinations in New Zealand. Nothing can compare to it's geothermal and volcanic attractions, lakes and Maori Ure. It's New Zealand at it's best.
Cleveland Motel is situated on a 3 acre site with manicured lawns and colourful gardens with a wonderful feeling of space both inside and outside.The current owners have constantly re-invested into their business and today it has realised a very successful and respected motel. The new owners will benefit from the current owners understanding of the needs of the most descerning of guests, it's position within the market place and business systems to ensure continued growth and profits. Its perfect for a couple moving up into a larger and more responsible business.
With an integral 3 bedroom home, office and 30 units, this successful motel has potential for further investment and has the following configuration:-
12 x Studios with queen and singles beds.
8 x 2 bedroom with queen and single beds.
10 x 1 bedroom with queen and single beds.
All units are thermally heated and fitted with self contained Kitchens with space in mind. Plus brand new 32" Flatscreen TV's and DVD's.
Children's Playground with ample lawned areas for sporting activities
2 x Geothermal Mineral Pools with a constant Temperature of 40c
Magnificent Freshwater Swimming Pool, heated via the Bore's hot water and maintains a Temperature of 37c during the winter and a little cooler during the summer.
Commercial Laundry Facilities and Drying Room
Guests Laundry Room
Comercial Kitchen
Workshop/Maintenance Room
Double garage
There is ample off-street parking for cars and boats to all the units.
The vendors have reaped the benefits of their investments and have enjoyed an increase in turnover and profits year on year. The financial reports can be viewed on our web site, after registration.
Cleveland Motel is a very clean, modern, spacious well presented motel in a prime location, there are not many opportunites to purchase such a successful business on a long Lease Interest in this location.
Rotorua is a multi-cultural city on the southern shore of Lake Rotorua in the Bay of Plenty region of the North Island of New Zealand, and Rotorua District is the encompassing local authority area. The city has a population of 64,509. It is 60 km south of Tauranga, 105 km south-east of Hamilton and 82 km north-east of Taupo. The District is divided between the Bay of Plenty (61.52 percent of its land area) and the Waikato (38.48 percent) Regions. Rotorua's suburbs are Ngongotaha, Fairy Springs, Kawaha Point, Western Heights, Mangakakahi, Utuhina, Ohinemutu, Hillcrest, Glenholme, Fordlands, Springfield, Fenton Park, Whakarewarewa, Tihiotonga, Lynmore, Te Ngae, Owhata, Hannahs Bay, Holdens Bay and Rotokawa. Rotorua is connected to the north by State Highway 5, to the east by State Highway 33, to the west by State Highway 30, and to the south by State Highway 5. Increasingly, travellers to Tauranga are selecting the newly commissioned State Highway 36 via Ngongotaha, Kaharoa and Pyes Pa. Rotorua Regional Airport provides daily flights to Auckland International Airport and Wellington International Airport via turbo-prop services and Christchurch International Airport using turbo-props and a daily jet service. The runway has now been lengthened to allow for International flights.Thermal Activity
Thermal activity is at the heart of much of Rotorua's tourist appeal. Geysers and bubbling mud-pools, hot thermal springs and the Buried Village (Te Wairoa) - so named after it was buried by the 1886 Mt Tarawera eruption - are within easy reach of the city.
There are a number of geysers, notably the Pohutu geyser at Whakarewarewa, and hot mud pools located in the city, which owe their presence to the Rotorua caldera.
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.
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 great event venues; Rotorua hosted the 2007 World Waterski Championships. Lake Rotorua is also used as a departure and landing point for float planes.