Accommodation business plus passive income


9 and 18 Erua Road, Erua

Tender

Download Email
Accommodation business plus passive income | 9 and 18 Erua Road, Erua | 2900171 |      X Close
Image
Description

Accommodation business plus passive income


Nestled in the heart of the Ruapehu tourism region is this income opportunity on approximately 6.7 hectares of rural land waiting for you to relocate and enjoy an alpine lifestyle and a city-level income.

9 and 18 Erua Road is the location of both The Crossing Backpackers which will become your tenants, as well as the Tongariro Springs Boutique Suites going concern which is included in this sale. You will earn passive income from two commercial leases encompassing the backpackers plus earn net profit from operating the going concern on a part-time basis.

The backpacker includes two accommodation buildings plus a three bedroom house occupied by the tenants. The going concern is approximately three years old and includes accommodation buildings, an owner/manager accommodation unit, and a heated swimming pool and spa pool, plus a communal kitchen/dining space, drying room and laundry are currently under construction. Complementing the facilities is an approximately 972sqm open-span fully enclosed shed which is currently set up as an indoor equestrian arena with six cross-tie horse stalls.

Horse owners should also look at this opportunity. The remaining land is divided into 11 fenced paddocks with water, accessed from races, plus lunging arena, a barn with tack/feed room, hay storage, two stables and five open yards adjacent. The current owners regularly host training clinics with out of town trainers/coaches utilising the outdoor equestrian facilities and indoor arena.

This is a golden opportunity to escape city living. This property is situated at the base of Mount Ruapehu, close to National Park Village. There is strong domestic tourism to the region and tourism numbers are up on last year. This provides an immediate upside with potential income growth plus room for further development on the seven to nine titles encompassed in this offer.

Contact me for more information and your viewing time.

Wayne Frewen

Ruapehu

Licensed under the REA Act 2008

View profile

9 and 18 Erua Road, Erua

Open in map

Wayne Frewen

Ruapehu

Licensed under the REA Act 2008

View profile