Resort Brokers ID : 1861
On offer is this quality freehold investment on Rotorua’s Motel Mile.
Geneva Motor Lodge is a mid-size property on a corner site of 1,529sqm (more or less) and enjoys access from Fenton and Robertson Street.
Consisting of two separate buildings, one building is exclusively dedicated to the 14 generous sized units over various configurations and the other building is stand alone and consist of the reception and a large owner’s residence.
The tenant has the benefit of the remainder of the lease term through to 2038 (17 years). Rent reviews are two yearly and the tenant pays all out goings including internal redecoration and exterior paint.
Annual Rental is $140,000 plus GST
Detailed information is available with a signed confidentiality agreement and Inspection is by appointment only.