This business has two distinct income streams: Long term students from any of Rotorua's tertiary institutes and young working professionals who wish to live close to town.
Initially, the business focused solely on long term students. The present mix of business is
becoming increasingly popular and successful. The business spans two floors, with the upstairs
accommodation largely reserved for long term residents and downstairs for back-packers.
The upstairs floor has 8 single, 16 twin, 4 doubles with a total of 48 beds as well as a lounge area and bathroom facilities.
Downstairs has 6 four-bed dorm rooms and 1 eight bed dorm room with a total of 32 beds, bathroom and laundry facilities. The ground floor also has a reception area, a communal lounge and a kitchen with plenty of refrigeration space. The one bedroom manager's flat is also on the ground floor.
* Student accommodation - 87% occupancy year round.
* Backpacker summer - 90% and winter - 50%
Great business for a working owner with a return on investment in excess of 30%.
Call me today for more information. Heinz - 027 570 7601.
Price $320,000
