Unique Hall of Residence Business

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.