Tourism Informer

sept 07 free publication

the tourisminformerspecialist tourism and hospitality brokers

www.resortbrokers.co.nz proudly published by

Okataina Lodge, Rotorua - Page 5

contentsAccommodation:Bay of Islands Gateway Motel, PaihiaAspen House, Auckland CentralOkataina Lodge, RotoruaPaihia Pacific Resort Hotel, PaihiaPaku Lodge, TairuaTongariro Crossing Lodge, National ParkAmble In Motel, RotoruaA.B.A. Motel, NelsonMotel Hobson’s Choice, DargavilleBest Western in New ZealandMarina Park Apartments, WhitiangaHuka Falls Resort, TaupoShould You Refurbish?Bianco Off Queen Apartments, AucklandAustralian OpportunitiesAnglers Paradise Resort, TurangiHospitality:Hospitality NewsEsquires Coffee House, PakurangaSunset Point Tavern, MahiaHospitality OpportunitiesSpecialists to the IndustryContact Details

the tourism informerhelping you buy and sell tourism and hospitality properties in New Zealand and Australia

editorial / newsWelcome to the September edition of the Tourism Informer. We are pleased to be able to bring you another great selection of our current listings, and we hope you will find something of interest to you.

RESORT BROKERS HOST APPRECIATION AWARDWe are pleased to report that the Resort Brokers Host Appreciation Award initiative has been successfully implimented into the industry. We have had numerous registrations from accommodation providers, and we are very happy with the number of votes that have been received so far. Thanks to all those who have taken the time to get involved in this initiative. Don’t forget, you have to be registered in order to receive a vote - if you haven’t already done so, visit www.resortbrokers.co.nz/hostawards/ to sign up. The competition is running until July 2008, and the winning hosts will receive a $3,000 travel & accommodation voucher.

3456789

10111213

14 - 1516171819

20212223

24 - 2728

2

3

Halswell Lodge, WellingtonBusiness Lease

Alma Motel, WanganuiFreehold Investment

The River Lodge, OhakuneBusiness Lease

SOLD

SOLD

SOLD

SOLD

City Central, ChristchurchManagement Rights

4 14

RECENT SALESSales since our last issue have included the following:Lindsay Sandes has sold the business leases for The River Lodge in Ohakune, Ohakune Court Motel and Walmsley Lodge in Mangere, Auckland.Brent and Mark Hannah have sold the freehold interest of both the Alma Motel, Wanganui, and Amethyst Court Motor Lodge in Wellington. They have also sold the business leases for Halswell Lodge, Wellington and Tuscany Villas, Whakatane.Dean Tutton has sold the lease at Harbour City Motor Inn, Wellington. The management rights for City Central Motor Lodge in Christchurch was also sold as a joint agency with Coffeys.

www.resortbrokers.co.nz

INVESTMENT SUMMARY

www.resortbrokers.co.nz www.resortbrokers.co.nz

this is the one!If you have thought of moving to the Bay of Islands but can’t afford to retire, then this is the one. The picture says it all with the beach and sea in sight and your boat parked outside your house.Enjoy what we would consider to be one of the best owner’s accommodation in today’s market consisting of 4 bedrooms, large living area with deck and sea views. One can only appreciate it by being there.This easily manageable 6 unit motel gives you the freedom of a true lifestyle. You can be out fishing or swimming

while someone else runs the motel. The business performs at the top end for its size as the room rate and high occupancy reflect the quality of the accommodation offered. Qualmark agree and have awarded it 4 star plus. The profits are excellent and have allowed for overseas trips as the current owner has found.This business will appeal to purchasers seeking a special location, and a superior quality of accommodation.

PROPERTY FEATURESv 50m from Paihia’s main swimming beachv Sunny locationv Excellent, executive style 4 bedroom owner’s

accommodationv 6 luxury appointed unitsv Spa, bbq and outdoor dining areav Significant net operating profitv Qualmark 4 star plus

bay of islands gateway motel FREEHOLD GOING CONCERN - PAIHIA

PURCHASE PRICE & FINANCIAL INFORMATIONExpressions of InterestFreehold Going ConcernOutstanding Results

INVESTMENT SUMMARYPROPERTY ID NUMBER 519

3

MARK OCKLESTONMobile: 64 21 796 378Facsimile: 64 9 369 1100Email: [email protected]


WAYNE KEENEMobile: 64 21 666 991Facsimile: 64 9 369 1100Email: [email protected]

“central city living at its best”An iconic lodge located in a quiet precinct of Auckland overlooking one of the oldest inner city parks.

Purchasing this business lease represents an opportunity to secure a serious business plus a central city lifestyle in a New York styled apartment.

Aspen House is equipped with superb accommodation having total of 60 rooms, all furnished to a modern and comfortable standard with facilities you would expect to find in a three star hotel.

Aspen House features a number of room types to suit the needs of any traveller including family room, single, twin, double and triple. The range of accommodation type ensures the owner can cater for business or leisure clients.

Aspen House has a long and colourful history resulting in the lodge becoming an established brand in itself - well respected and recognised by all guests.

Move in and stamp your flair, enjoy the existing income streams and take the business to new heights.

PROPERTY FEATURESv Close proximity to Vector Arena, downtown Auckland,

waterfront, Parnell and Newmarketv Selection of room types to suit all clientsv Internationally known via popular TV travel shows

and publicationsv 60 roomsv Steady occupanciesv Lengthy lease

aspen houseBUSINESS LEASE - AUCKLAND CENTRAL

PURCHASE PRICE & FINANCIAL INFORMATIONSub $1,000,000 purchasers must inspect!Business LeaseHighly Recommended

LINDSAY SANDESMobile: 64 21 895 940Facsimile: 64 9 369 1100Email: [email protected]

PROPERTY ID NUMBER 517

4

INVESTMENT SUMMARY


pristine seclusion and privacy Seldom do we see a lodge for sale that features the advantages offered by Okataina Lodge.Just think – pure lake’s edge position on one of the best trout fishing Meccas in New Zealand. What a place to host conferences, private weddings, secluded directors meetings, or for guests to simply relax and take in the splendour at their doorstep. Native bush walks, pristine fresh water lake for swimming or water sports, idyllic fishing (numerous trout in excess of 10lbs) – time stops here. Fortunately for you, time also stopped for the existing owners who have never bothered to expand the business potential preferring to simply to enjoy the environment for the last 25 years.

PROPERTY FEATURESv Seclusion at its best with native bush backdropv Nestled on edge of famous fishing lakev Huge history, huge buildings, huge potentialv 14 suites, 14 self contained apartments, owner’s

and staff accommodation, boat and storage shedsv Massive conference, meeting and dining facilitiesv Full service kitchenv Beautiful grounds

okataina lodgeGOING CONCERN - ROTORUA

PURCHASE PRICE & FINANCIAL INFORMATION$5,000,000 plus GST and plus businessGoing ConcernAbsolute Tranquility

GORDON McGREGORMobile: 64 21 99 88 10 Facsimile: 64 9 369 1100Email: [email protected]

BILL JOHNSONMobile: 64 275 423 880Facsimile: 64 9 369 1100Email: [email protected]


5

FREE CD ROM


The buildings have been well maintained and there is also a strong possibility of adding further rooms when you expand the present business. The lodge is also handy to the Rotorua Airport which, when extended, will benefit from international visitors. Being handy to Rotorua is a real bonus as the lodge is close to this major tourist destination giving the property close proximity to horse trekking, mountain bike trails, spa, hot pools and other thermal activity, gondola rides and the Luge, and everything else that Rotorua is famous for - plus the soon to be upgraded airport!Lake Okataina is rich in history and the magic spell it casts ensures your guests will always want to come back. This is a memorable property that just needs a shake up but the existing business will provide you with a strong base.

paihia pacific resort hotelBUSINESS LEASE - PAIHIA

PURCHASE PRICE & FINANCIAL INFORMATIONReturn on Investment Approximately 30%Business LeaseThe Figures Will Impress You!



6

INVESTMENT SUMMARY


paihia paradise foundThis boutique resort hotel is conveniently located just 150 metres from the beach and just a short stroll to Paihia’s town centre. The current owners have completed significant refurbishment creating a perfect haven for holidays, conferences and functions. The resort provides a restful atmosphere with its native and subtropical planting, its in-ground pool and poolside bar. There is a spacious 3 bedroom accommodation for the owner opening out to decks.This hotel is an absolute cash cow. It would suit either a couple who want to earn a significant income or two couples who could both earn an excellent income and yet enjoy the lifestyle that the Bay of Islands offers.Don’t miss out on the opportunity to create wealth for your future.PROPERTY FEATURESv 35 units with en-suite, most with bathv Lounge / cocktail bar opening out to the poolv Conference facilitiesv Extensive Stone Grill restaurant & catering

facilities - no chef requiredv Attractive swimming pool / sauna / spa complex

around sheltered courtyard and modern gymv Lease expires 2033


tourist havenThis established waterfront motel will transform to delightful investment apartments in one of Coromandel’s premiere sites. With harbour-front positioning and views across the water to Pauanui and the beach, this exclusive management rights business will capture all that is exceptional about the Coromandel Peninsula.With your own apartment and management facilities under title, your position as resident manager of this multi owner complex is assured. The redevelopment of this wonderfully located property has already attracted

considerable interest from investors. The quality being invested in the refurbishment of the apartments will make the operation and marketing of Paku Lodge a very pleasant and rewarding hospitality business. Expect capital gain on your fantastically positioned coastal property and your long term contracted management rights business. A secure 30 year letting agreement with all apartment owners, with full cost recovery from any resident occupiers, allows you to build a substantial boutique tourism income. Add to this a generous body corporate salary, and your rewards are within easy reach.

PROPERTY FEATURESv 5 x studio and 5 x 1 bdrm apartmentsv Fantastic waterfront locationv 3 x 10 year management agreement on all

apartmentsv High projected yieldv 2 bedroom manager’s apartment

paku lodgeMANAGEMENT RIGHTS - TAIRUA, COROMANDEL PENINSULA

PURCHASE PRICE & FINANCIAL INFORMATION$575,000Management RightsReap The Rewards!

TREVOR ARTHURMobile: 64 21 722 166 Facsimile: 64 7 574 4078Email: [email protected]

EVAN MCKAINMobile: 64 21 404 976Facsimile: 64 9 369 1100Email: [email protected]


7

INVESTMENT SUMMARY


tongariro crossing lodgeBUSINESS LEASE - TONGARIRO NATIONAL PARK

PURCHASE PRICE & FINANCIAL INFORMATION$160,000Business LeaseLifestyle Plus Income


8



lifestyle lodge / b&b businessopportunityA superb boutique lodge in the World Heritage Tongariro National Park Village awaits you.Tongariro Crossing Lodge is located on a large site in the central North Island ski region, enjoying great vistas to Mount Ruapehu. The guest suites are warm, spacious and well appointed. Complementing the guest accommodation is a warm and inviting owner’s wing equipped with a great kitchen, fire and three bedrooms. Reception is at the front of the complex welcoming guests to the lodge.‘Tongariro Crossing’ is the best one-day hike in New Zealand and is acclaimed internationally, resulting in the majority of the lodge’s business over the Summer period. The lodge is ideally positioned to provide guest accommodation for the Tongariro Crossing and Mount Ruapehu ski fields, 42nd traverse, Whanganui River plus a whole range of outdoor pursuits for the region. Move in, stamp your flair and build on an excellent lifestyle lodge / B&B business.PROPERTY FEATURESv Willing landlord prepared to discuss and implement a new lease arrangement

comprising of 10 years + two x 10 year RORv Prime ski and summer activity locationv 6 guest suites v Fully equipped kitchenv Full continental and hearty cooked country breakfasts served in the dining roomv Opportunity to provide evening mealsv Growth region

want to own a small motel but don’t want to pay rent?This could be the cheapest FHGC Motel in Rotorua. Located in this beautiful thermal wonderland, the Amble In is ideally situated in a quiet tree lined street and is within easy walking distance of the Te Puia Cultural Centre, Whakarewarewa Thermal Village, Waiariki Polytechnic and the beautiful Rotorua Golf Club.At the moment the business is not being managed to any where near its potential but with some effort and energy

could be the “buy of the year”.Either run it yourself or sell the lease and collect rent to show a reasonable return with capital gain. All the rooms are in reasonable condition but needing a little T.L.C....The owners would look at a property trade and would consider assisting with finance to an approved purchaser.

PROPERTY FEATURESv 4 studios and 6 x1 bedroom unitsv 1 bedroom owner’s accommodation with a large

living areav Development / refurbishment potentialv Quiet locationv Close to golf course and thermal attractions

amble in motelFREEHOLD GOING CONCERN - ROTORUA

PURCHASE PRICE & FINANCIAL INFORMATION$730,000Freehold Going ConcernFHGC at Leasehold Price!



9

INVESTMENT SUMMARY


bathe in new zealand’s sunshine capitalIf you have ever considered entry into the accommodation sector then this freehold going concern is an option that must be viewed! Located in the lifestyle capital of New Zealand, the complex boasts both solid business performance and in excess of 4,000sqm of prime Nelson ‘brown gold’. Nestled on a corner site and the subject of recent unit renovations, the motel offers comfortable mixed

configuration units for the holiday, business and independent traveller alike. Easily operated, ample parking, room for expansion, competitive tariff range, proximity to Tahunanui Beach and Nelson’s micro climate. One would be very hard pressed to find a better business and land bank option. Seriously offered for sale and priced accordingly, this is the business and land & buildings investment you have been searching for.

PROPERTY FEATURESv Family friendly 4 bedroom owner’s home with

multiple living areas and supporting facilities. Also reconfiguration possibilities potentially allowing for the creation of an additional motel unit

v 10 x two bedroom units, 4 x studio units - reasonably spacious, bright and well equipped

v All units have been the subject of recent renovations and are currently presented in immaculate order

a.b.a. motelFREEHOLD GOING CONCERN - TAHUNANUI BEACH, NELSON

PURCHASE PRICE & FINANCIAL INFORMATION$1,575,000Freehold Going ConcernReap the Benefits of the Recent Refurbishment

DEAN TUTTONMobile: 64 21 222 2292Facsimile: 64 9 369 1100Email: [email protected]


10

INVESTMENT SUMMARY


INVESTMENT SUMMARY


gateway to the kauri coastThis totally modernised motel is excellently positioned on the main street leading into Dargaville from the south.With 21 units it’s the biggest, most modern and best-patronised in town. Popular with tourists stopping off on their way to the Kauri Coast, Opononi and Kaitaia, and corporates love it. Lots of visitors come after having read its praise in the Lonely Planet.The complex is very attractive. You could be in Spain with the architecture, the gardens and the pool.

All of the units are very modern, 6 have spa baths and the corporate units have broadband.There is heaps of storage and there is a large, modern laundry.The returns are excellent and that is why the original owners have stayed here 20 years. Now its your turn. Take the time to have a look.

PROPERTY FEATURESv 21 modern unitsv Well located on main streetv Excellent returnsv Totally refurbishedv Pool and well landscaped gardensv Owner’s residence comprises of a modern 2

bedroom house plus a 2 bedroom cottage

motel hobson’s choiceFREEHOLD GOING CONCERN - DARGAVILLE

PURCHASE PRICE & FINANCIAL INFORMATION$2,975,000Freehold Going ConcernYou Will Love This One



11


best western australia has expanded into the new zealand regionThe Motel Federation of Australia (who operate the Best Western brand in Australia) has now expanded to include the New Zealand region.The Motel Federation of Australia’s strategy for New Zealand will be to move forward with only the best properties, which will be required to meet criteria designed to ensure a high quality product is presented under the Best Western brand in a number of key locations within the region.Best Western currently has 7 properties in New Zealand located in Auckland, Christchurch, Queenstown, Masterton and Rotorua.

joining the world’s largest hotel chainBest Western is the world’s largest hotel chain® with more than 200 hotels across Australia, 7 hotels in New Zealand and over 4,000 hotels in 80 countries. Ranging from three to five stars, each motel, hotel, apartment and resort is independently owned and managed.As a global brand, members get to benefit from worldwide recognition and the resources of the world’s largest hotel chain®.Best Western offers members the unique advantage of retaining their independence while benefiting from a range of products and services not readily available to independent properties. The strong presence and brand recognition of Best Western can generate increased exposure and booking for our hotels.Best Western national and international advertising and marketing services help bring revenue to our hotels and generate demand and customer loyalty,

best western australiaThe world’s largest hotel chain®

12

www.bestwestern.com.au


so our members can grow their business. Best Western has also introduced a range of support and training programmes aimed at assisting members improve their business performance and receive a higher return on investment.For more information about what Best Western can offer your property, please contact:-Kellie SmithBrand Development ManagerBest Western AustralasiaPh: +61 428 225 248Email: [email protected]

Best Western Rotorua

Best Western Clyde

®

Best Western Queenstown

Best Western Auckland Central

perhaps coromandel’s finestThis is your opportunity to live in the ever popular Whitianga and potentially earn serious money. This landmark property is ideally situated on the water’s edge overlooking the spectacular marina, capturing the holiday atmosphere!Features include well equipped gym, heated swimming pool and spa in the courtyard area, and two roof top spa pools with panoramic views of Mercury Bay.

The owner’s accommodation is a spacious apartment with 3 bedrooms, 2 bathrooms, 2 lounges and modern kitchen. Separate reception and office area with good service areas.

PROPERTY FEATURESv Complex only 4 years oldv Established businessv 82 x 1, 2 and 3 bedroom apartments v 62 apartments in the letting poolv Good sized owner’s accommodationv Separate reception and officev On-site laundry facilities v Excellent growth potential

marina park apartmentsMANAGEMENT RIGHTS - WHITIANGA

PURCHASE PRICE & FINANCIAL INFORMATION$POAManagement RightsValuable Water’s Edge Property

TREVOR ARTHURMobile: 64 21 722 166 Facsimile: 64 7 574 4078Email: [email protected]



13

INVESTMENT SUMMARY


the total packageHuka Falls Resort takes the traditional Management Rights structure to a new level, with a superb offering suited to attract an experienced operator. The package has been carefully conceived to offer a full range of resort style services, operate a conference centre and significant residential development down to the management of a heritage church.Resort Brokers are pleased to announce its appointment to market the Management Rights for Huka Falls Resort. Kensington Properties has recognised the need for a

significant development incorporating a 166 key hotel and an opportunity now exists for an operator to be part of this exciting project and influence the design of the conference and hotel precinct. Lake Taupo is strategically located almost half way between Auckland and Wellington and is an accepted stop off point for corporate conferences and free independent travellers. The natural beauty of the lake and the preponderance of activities, both summer and winter based, ensure that Taupo is vibrant all year round.

PROPERTY FEATURESv A master planned communityv 166 key hotel and conference centrev A significant residential developmentv Swimming pools, tennis court; gymnasium/saunav Vineyard

huka falls resortMANAGEMENT RIGHTS - TAUPO

PURCHASE PRICE & FINANCIAL INFORMATIONThe property is Being Marketed as an International TenderManagement RightsAppointments are Required to Meet With the Vendor for a Complete Overview of the Development

14


WAYNE KEENEMobile: 64 21 666 991 Facsimile: 64 9 369 1100Email: [email protected]



15

FREE CD ROM

Internationally, Taupo is what is regarded as a ‘4 seasons’ resort and, of course, there are few resorts in the world which can offer the variety of winter sports, summer activities, magnificent scenery and challenging recreational activities. The annual calendar of events include the International Ironman, the Lake Taupo Cycle Challenge, with ten thousand riders completing the 160kms around Lake Taupo, the 12 Hour mountain bike event – the biggest of its type in the world – and the A1GP World Cup of Motor sport.

The Management Agreement consists of a 10 year term with 2 rights of renewal of 10 years (30 years). The Management Agreement provides that the manager is exclusively appointed to provide property management services for Huka Falls Resort and is exclusively authorised to provide the resort style facilities and letting services from Huka Falls Resort.

ASSETS ON OFFERv Management / Letting Rights under the Management

Agreement and any ancillary contractsv A rent free office (the reception) including office fit-out

and front desk but not FF & Ev A rent free unit (3 bdrm) or equivalent supplement v 30 residential units (on fee simple or unit titles) and/

or the function centre and operate this in accordance with the Management Agreement

v The existing good will attached to the hotel operation in place at Huka Falls Resort

Should you refurbish your motel or hotel?Many operators of hotels and motels are reluctant to improve their properties as they are unable to ascertain any quality tangible benefits.

Often when refurbishment is undertaken, it is done on a piece meal basis and only scratches the surface of what is actually required. Normally only some rooms are upgraded giving the complex a variety of standards which can cause problems.

However, some operators will argue that it is preferable to have rooms to which they can upgrade their better customers. The reality is that a motel or hotel is normally judged on the worst rooms available – customers make more noise in their complaints than they do in their compliments. Thus Resort Brokers have devised a simple spreadsheet which requires very little input on your behalf in order for you to ascertain the viability of refurbishment.

Refurbishment can be undertaken out of cash reserves, refinancing existing debt, or specific borrowing for the task at hand. The spreadsheet is designed as a guide only and Resort Brokers strongly recommends that you consult other industry professionals such as your accountant, financial adviser and bank manager before making any final decision. However this is a very useful tool

and we hope that it encourages owners/operators to improve their property and business.

Lack of refurbishment of existing operations is becoming a major problem in New Zealand and the existing stock is continuing to deteriorate. The contrast between much of the existing stock and new supply is becoming more noticeable and clients will begin to reject anything that is not up to scratch.

One of the major impediments, particularly in the motel industry, has been the ownership structure i.e. freehold owned by a passive investor who feels his/her only responsibility under the lease is to collect rent once a month and perhaps keep the building watertight. The lessee on the other hand is often embittered as he/she works long hours every day and struggles to make adequate profits with inflation on outgoings and rental based on a percentage of turnover. The historic situation was 1/3 for expenses, 1/3 for rent and 1/3 profit for the lessee. With rents often now representing as high as 40% and expenses also rising the lessee’s margin is

should you refurbish?ADVICE ON WHEN ITS VIABLE TO UNDERGO A REFURBISHMENT

16

INVESTMENT SUMMARY


being squeezed and there is a natural reluctance to spend any remaining money on upgrading the units.

It is a shame that these pressures exist in the market and the purpose of this article is to highlight the issue and provide lessees with a tool to analyse the feasibility. The model is really easy to use but always feel free to contact Gordon McGregor on 09 3699700 or 021 998810 for instruction. You can download the spreadsheet by going to:h t t p : / / w w w . r e s o r t b r o k e r s . c o . n z /researchandreports/117/

substantial auckland gateway opportunityAt last an opportunity has become available for an astute operator to secure a large Management Rights Agreement in the heart of Auckland City.Yes finally we can offer you an apartment development with Resource Consent for both transient and permanent accommodation. Due for completion in October 2008, this two tower 178 apartment development is made up of one, two and three bedroom configurations, 21 of which are dual key.

PROPERTY FEATURESv 178 Apartments (157 unit titles)v 30 year Management Agreementv $220,000 Body Corporate management salaryv $30,000 Body Corporate rental allowancev Customised furniture packagev Transient and permanent resource consent

bianco off queenMANAGEMENT RIGHTS - AUCKLAND CENTRAL

PURCHASE PRICE & FINANCIAL INFORMATION$1,600,000Management RightsOff Queen But on the Mark!

LINDSAY SANDESMobile: 64 21 895 940 Facsimile: 64 9 369 1100Email: [email protected]



17

All 178 apartments have been sold with a customised furniture package and documentation indicates that 90% of these have committed to “transient” accommodation arrangements for a four year period, the balance are available as long term rental residences. Secure your brand today in Auckland and enjoy the growth of this developing city soon to be host of the 2011 Rugby World Cup.

www.resortbrokers.co.nzwww.resortbrokers.co.nz

australian opportunitieshelping you buy and sell tourism and hospitality properties throughout Australia

18

www.resortbrokers.com.au

luxury & seclusion This Mount Tamborine rainforest retreat is a luxurious haven designed for couples. The retreat is located in Queensland on a 5 hectare private rainforest in the lush Gold Coast hinterland just bursting with wildlife.Guests are accommodated in individual and elegantly appointed treehouses which are designed for privacy and breathtaking views. A soaring wall of glass is all that lies between the treehouses and the trees and each treehouse is furnished with an antique Asian theme, a fireplace, a spa and has its own private deck.

The licensed in-house restaurant has spectacular views and serves fine cuisine. There is D.A. Approval in place to open the restaurant to the public.There are business and conference facilities. The retreat is ideal for executive groups requiring a unique surrounding on an exclusive basis with full catering available.The landsize allows for future expansion - suitable options include a day spa, expanding conference facilities or increasing the number of accommodation suites.

PROPERTY FEATURESv Located in the Gold Coast Hinterlandv 5 hectares of privately owned rainforestv Licensed restaurant and cocktail barv 10 individual and elegantly appointed treehousesv Conference facilitiesv Gymnasiumv Private spav Security gatedv Large owner’s residence

PURCHASE PRICE & FINANCIAL INFORMATIONAU$4,400,000Freehold Going ConcernSecluded in the Lush Tamborine Rainforest

For more Australian opportunities visit www.resortbrokers.com.au or see the back page for contact details

CHRIS FULLER - EXCLUSIVE AGENTMobile: 61 438 340 706 Brisbane Office: 61 7 3878 3999Email: [email protected]

established and well performing opportunity in lovely TurangiAll the hard work has been done establishing the well performing Anglers Paradise Resort, which is located just moments from the world’s best trout fishing on the Tongariro River or Lake Taupo delta, and minutes drive from New Zealand’s largest ski fields and the famous walking tracks of Tongariro National Park. The previous operators, after ten years of building a successful

business, decided to move on to other things and provide an exciting opportunity for the next purchaser. Anglers Paradise has just undergone restructuring providing an opportunity for you to own a significant freehold entity as part of your purchase (as indicated in the photo).The lodge has a lovely friendly spacious feel that entices clients fostering a high degree of repeat business. The business is showing very good financial returns and has been very realistically priced to reflect a motivated vendor. Opportunities as good as this are rare and should be taken.

PROPERTY FEATURESv 20 year lease with 1 x 10 year right of renewalv 15 spacious units (includes 5 x 2 bedroom and 2 x

1 bedroom)v Large separate 3 bedroom owner’s home (as

indicated on the photo)v Boutique restaurantv Beautiful landscaped grounds and gardens,

including outdoor heated swimming pool and hot spa pool

anglers paradise resortNEW 30 YEAR BUSINESS LEASE & FREEHOLD HOME - TURANGI

PURCHASE PRICE & FINANCIAL INFORMATION$600,000Approximate price breakdown of $300,000 for freehold home and $300,000 for the business

BRENT HANNAHMobile: 64 21 359 678Facsimile: 64 6 835 9899Email: [email protected]

MARK HANNAHMobile: 64 21 343 313Facsimile: 64 6 835 9899Email: [email protected]


19


hospitalityhelping you buy and sell hospitality businesses and properties


gentlemen, your glasses pleaseThe ‘six o’clock swill’ was once a prominent feature of New Zealand’s social life. Originally, six o’clock closing was introduced as a war measure in 1917 and was made permanent in 1918. Before the introduction of eleven o’clock closing in October 1967, New Zealand pubs were defined by scenes as an exclusively male group that would drink up frantically while the bartenders filled jugs of beer. In later years drinking became more fashionable, with women as well as men enjoying rather more comfortable and relaxing surroundings.The subject of trading hours of the sale of liquor currently attracts more attention in New Zealand than any other part of our liquor laws. In 1942 hours were fixed at 6am to 10 pm on weekdays and 1pm to 7pm on Saturdays. Back then Sunday trading had been prohibited since 1881 but the hours of sale to persons genuinely staying at a hotel have never been restricted.Move forward to the present day and the sale of alcohol to the public requires the seller to have a liquor license. There are four types of license: • On-license (e.g. pub, restaurant, cafe, bar), • Off-license (e.g. bottle store, supermarket, dairy) • Club license (e.g. sports club, RSA, working men’s club) • Special license (e.g. food and wine festival).

local produce at your doorstep, make your profession your passion. Well supported by the local community, visiting tourists and accommodation operators - you can be up and running for the coming summer season. Asking $70,000+SAV (includes chattels). For more information, contact Garry Ellem on 0274 331 808.

Sterling Tavern Business Lease, WaihiA secure leasehold business, located in the busy town of Waihi in the heart of New Zealand’s gold mining country. The property houses good quality chattels, plant and equipment. This business has consistent high industry turnover and is well known for being the entertainment centre of Waihi. The current owners provide live bands, entertaining karaoke, lively poker tournaments, a competitive darts club and sporting pool tournaments. This leaves plenty of room for the right operators to further improve this development. The lease has 1 term of 10 years and commenced 6th July 2000.Asking $190,000 + SAV. For more information, contact Trevor Westrupp on 0274 755 220.

20

A liquor license is granted initially for one year and then can be renewed every three years. A license allows the licensee to sell alcohol according to the conditions of the individual license. These conditions can cover such things as to who alcohol can be sold to, who is allowed on the premises, the range of food, non-alcohol and low-alcohol drinks to be provided and a provision of information about alternative transport arrangements and most importantly, the hours and days it can be sold. Also it is against the law for a licensee or their staff to sell alcohol to anyone who is intoxicated or under the age of 18 years. So please note there are heavy penalties for these offences and remember your host responsibilities.

feature listingsThe Old Mill Restaurant Business Lease, TairuaThis restaurant is the home of fine dining with views of the estuary, boats and birdlife. Dine inside or

on the sheltered patio that’s large enough to accommodate groups. An opportunity awaits for a smart operator to pick up the present owner’s future plans and enjoy the fruits of your labour – with fresh

TREVOR WESTRUPPMobile: 64 274 755 220Facsimile: 64 9 369 1100Email: [email protected]

GARRY ELLEMMobile: 64 274 331 808Facsimile: 64 9 369 1100Email: [email protected]


INVESTMENT SUMMARY


esquires coffee houseBUSINESS LEASE - PAKURANGA, EAST AUCKLAND

PURCHASE PRICE & FINANCIAL INFORMATION$149,000 plus Stock at ValuationBusiness LeasePrice Less Than Setup Cost



21

black goldThis Coffee House is currently a branded franchise operation and is situated on a desirable corner site in Aylesbury Street, which is the centre piece of the Westfield development in Pakuranga, Auckland. This area is providing shoppers and visitors with a “high street” experience lined with an array of colourful canopies complemented by creative landscaping. The premises consists of 65sqm retail space with additional undercover outdoor area. The distinctive interior was designed to create a feeling of comfort and

relaxation in quality settees, armchairs, informal tables and chairs. Currently marketing a mix of high quality beverages and a range of food items prepared off site, you can continue along these lines or make your own mark. The vendor has built a loyal client base from concept to reality showing true growth figures and sustainable forecasts.With the systems and staff in place, this will generate an immediate cash flow. This prime opportunity will suit a new operator requiring the assistance of a franchisor or one wishing to re-brand and capitalise.

PROPERTY FEATURESv High quality fit out with spacious yet easily managed

service areasv Ability to customise your own hours v Top class setup v High foot traffic area v Weekly turnover in excess of $6,000 v Immediate cash flow v Highly motivated vendor


INVESTMENT SUMMARY


sunset point sports bar & bistroBUSINESS LEASE - MAHIA BEACH, EAST COAST

PURCHASE PRICE & FINANCIAL INFORMATION$380,000 plus Stock at ValuationBusiness LeaseCall Now to Arrange an Inspection



22

looking for surf, sun & sea?Here is a chance of a lifetime – This property was established just over 8 years ago by the local landlord in Mahia Beach on the Mahia Peninsula in Northern Hawkes Bay. Positioned in an area of major subdivisions, a growing population and a tourist / holiday makers’ destination, seasonal business is fast becoming an all year round trade.This sports bar and bistro houses a TAB & casino currently with 8 machines, pool tables, juke box and bottle store.

These commissions all contribute to a fair and reasonable lease arrangement that includes the adjoining property consisting of 2 bedroom accommodation.So be first to see the sun rise on this Sunset Point.

PROPERTY FEATURESv Corner site commercial buildingv Bar, bistro, TAB, casino and bottle storev 2 bedroom owner’s accommodation on adjoining

propertyv A new lease to be arranged for an initial term of 10

years with 1 right of renewal of 5 years


hospitalitySAMPLE OPPORTUNITIES



JOUST BEACH BAR & RESTAURANT, OREWAPrice $695,000 plus stock at valuationBusiness LeaseContact Garry on 0274 331 808 [email protected] ID# 499

PINELANDS HOTEL, KAWERAU Price $1,650,000 plus stock at valuationFreehold Going ConcernContact Trevor on 0274 755 220 [email protected] ID# 447

REFLEXIONS CAFE, PAEROAPrice $630,000 plus stock at valuationFreehold Going ConcernContact Trevor on 0274 755 220 [email protected] ID# 513

OLD MILL RESTAURANT, TAIRUAPrice $70,000 plus SAV (includes chattels)Business LeaseContact Garry on 0274 331 808 [email protected] ID# 484

STERLING TAVERN, WAIHIPrice $190,000 plus stock at valuationBusiness LeaseContact Trevor on 0274 755 220 [email protected] ID# 512

23

THE ROYAL TAVERN, NAPIERPrice $900,000 plus stock at valuationFreehold Going ConcernContact Trevor on 0274 755 220 [email protected] ID# 294




specialists to the industryhelping you buy and sell tourism and hospitality properties in New Zealand and Australia

ADVERTISING WITH USIf you wish to advertise in this section please don’thesitate to call Cheryl Dwyer on 64 9 369 9708 www.resortbrokers.co.nz

Hotels and Leisure — Valuation and Advisory Services

CB Richard Ellis has a team dedicated entirely to valuation and consultancy within the hospitality sector. Our service covers valuations for acquisition, sale and mortgage purposes, rental valuations and lease structuring, pre purchase due diligence, demand studies and feasibility studies, cashflow forecasting and reviews of client forecasts, management contract/agreement advisory, litigation support.

Why use CBRE Hospitality Valuation Services?

» We are dedicated experts in the hospitality sector » We cover New Zealand » We are accepted by all of the major banks » We offer a value for money service – access to up to date market information and our in depth knowledge enables us to complete assignments efficiently and competently.

John Schellekens 09 359 5410

free initial insurance valuation for acquisition valuations

VALUATIONS OF:

motels hotels lodges taverns pubs

backpackers holiday parks management

rights

Shaun Jackson 09 359 5393 021 653 113

propertylook.com.au cbre.com.au

Hospitality Valuation Services

Bill Bunt 04 499 8899 021 886 499

24



ADVERTISING WITH USIf you wish to advertise in this section please don’thesitate to call Cheryl Dwyer on 64 9 369 9708 www.resortbrokers.co.nz

Our property and commercial teams have specialist expertise in:

• Management Rights

• Unit (strata) title devel-opments

• Motel and Hotel Leases

• Property transactions —leasehold and freehold

• Business sales and purchases

Contact: Kevin Martin [email protected]

25

MOTEL LEASES & FREEHOLDSContact us for personal

legal assistanceWe have over 30 years experience

in this specialised area of law

John Armstrong Hugh Hamilton

Phone: 06 858 6660 Fax: 06 858 8481Email: [email protected]

Postal: PO Box 54, Waipukurau

www.daclegal.co.nz



26

Trying to attract new guests?Show them a sign.

The sign says it all.Travellers recognise the Best Western sign as a symbol of comfort, quality andvalue. As part of the world’s largest hotel chain, you’ll enjoy the benefit of thatrecognition and loyalty.All Best Western properties are individually owned and operated, so as a memberyou’ll maintain control over your business and are able to retain your property’sunique charm and personality.To find out more about the exciting things Best Western Australasia can offer,please contact New Zealand Brand Development Manager, Kellie Smith on +61438 225 248 or email [email protected] contact our head office on +61 2 8913 3300 or visitwww.bestwestern.com.au



27


Using HiRUM, your life will be simplifi ed.

HiRUM Software has been designed and written specifically to cater for the needs of New Zealand Accommodation Managers and their guests.

HiRUM…has you covered

• Motels• Ski Lodges• Guest Houses• Strata Title Resorts

• Backpackers & B & B’s

New Zealand’sFastest growing accommodation software

If your business is accommodation…then HiRUM is all the software you’ll need.

Call us +61 7 5502 9944 www.hirum.com.au

NewZealandTourismBrokersLimited MREINZ

Brisbane Office:Telephone: 61 7 3878 3999

Facsimile: 61 7 3878 1199

Email: [email protected]

Gold Coast Office:Telephone: 61 7 5510 3900

Facsimile: 61 7 5510 3111


Sunshine Coast Office:Telephone: 61 7 5473 5966

Facsimile: 61 7 5473 5977


Bundaberg:Telephone: 61 7 4157 7324 A/H

Facsimile: 61 7 4157 7514


Sydney Office:Telephone: 61 2 9904 8224

Facsimile: 61 2 9904 8867


Melbourne Office:Telephone: 61 3 9347 3100

Facsimile: 61 3 9347 3111


Whitsundays/Coral Coast Telephone: 61 7 4159 1691

Facsimile: 61 7 4159 1810


Northern Territory OfficeTelephone: 61 412 401 507

Facsimile: 61 8 8941 3816


North QueenslandTelephone: 61 4 2874 0844


Tasmania OfficeTelephone: 61 3 6344 6780

Facsimile: 61 3 6343 5990


web: www.resortbrokers.com.au

NEW ZEALAND SALES TEAM

GORDON MCGREGORMobile: 64 21 99 88 10Facsimile: 64 9 369 1100Email: [email protected]

BRENT HANNAHMobile: 64 21 359 678Facsimile: 64 6 835 9899Email: [email protected]


TREVOR ARTHURMobile: 64 21 722 166Facsimile: 64 7 574 4078Email: [email protected]




DEAN TUTTONMobile: 64 21 222 2292Facsimile: 64 4 902 2195Email: [email protected]

MARK HANNAHMobile: 64 21 343 313Facsimile: 64 6 835 9899Email: [email protected]

www.resortbrokers.co.nzDisclaimer: We do not accept responsibility for mis-statement or error contained in this brochure. Interested persons should rely on their own enquiry. All prices are plus GST if any

AUCKLAND OFFICETel: 64 9 369 1101Facsimile: 64 9 369 1100Physical Address: Level 8The General Building33 Shortland StreetAucklandPostal Address:PO Box 1191Shortland StreetAuckland

CHERYL DWYERDDI: 64 9 369 9708Email: [email protected]

www.resortbrokers.com.au



the tourisminformerspecialist tourism and hospitality brokers


Documents

Tourism Informer