Freehold Hotel Motel Investment
- Proposed Usage
- Tourism & Hospitality
- Property ID
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This substantial opportunity in Mt Ruapehu's aprÃ¨s ski town offers a yield of approximately 11%, plus the opportunity to take back the business on conclusion of the lease.
Position, location, presence, - "The Junction' is the happening area in Ohakune.
Turoa ski lodge, bar, restaurant & accommodation has a long term anchor tenant; a key player in the regions business. This complex offers an extensive bar and restaurant, commercial kitchen and a range of accommodation options from multi share to self contained apartments.
This is a one time opportunity to purchase the Freehold and with a "make good' on exit in approx 5 years. A new owner will have the opportunity to take over the complex and business, or consider extending or on-selling the lease to new operators.
Ohakune is experiencing growth through regional development and is considered the ski region for the North Island, as well as offering extensive Cycleways for all year activity.
Property featuresAverage yield over remaining lease tenure approx 11.00% plusCurrent lease term until May 2022Experienced lessees (two) major contributors to the regions economy & employmentFour extensive hotel, motel and apartment complexes on separate titles43 accommodation rooms, from multi share budget conscious to superb self contained apartmentsExtensive bar and restaurant areaCash flow yourself into the future F&B/accommodation option in the heart of The Junction.