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Bay of Plenty
(0.71 Acres, 0.29 Ha)
• 2,570sqm standalone building comprises of 2,864sqm freehold land (more or less)
• Rotorua Apollo Hotel as an established tenant
• 75% NBS with potential
• Secured long lease with assured rental increase
This prime location property offers a substantial hotel building totaling 2,570sqm on 2,864sqm of land including generous onsite car parks at your convenience. The highly rated Rotorua Apollo Hotel comprises of a range of newly refurbished rooms with modern facilities. Free access to the swimming pool, spa, sauna and fitness centre for guests. Only a short walking distance to the Whakarewarewa Maori Village and Rotorua International Golf Course, and a short drive to the Polynesian Spa and Blue Baths. As one of the leading international tourism destinations in New Zealand, Rotorua's accommodation and hospitality sector contributes 10.5% to the district's economy.