Ad ID: 59198

Motel for Sale Rarotonga

Motel complex - Freehold Going Concern on Leased land in Rarotonga. Take advantage of the lucrative tourism and rental market that is happening!

Business Description

Motel for Sale Rarotonga

Excellent buying opportunity in motel sector in Rarotonga Cook Islands now!

This complex is currently under construction

There are 4 brand new tourist apartments and to be sold as one motel complex The Four Units, Each with two bedrooms are under one roof and will come fully furnished and tiled thru-out with a (circa) 60 year lease.

The idea is to Live in one apartment and have rental income from the other three !! Get in now to take advantage of the lucrative tourism and rental market that is quietly exploding in the Cook Islands and put your own stamp on this property

 

Business Resources

Sale type - Freehold Going Concern ( on Leasehold Land)

Purchase price: NZD $770,000.00

Special Note on Buying Businesses and leases in the Cook Islands In the Cook Islands Real estate is always owned by the respective families and a 'Foreigner' ( anyone who is not a Cook Islander ) has the ability to obtain a lease from the ' landowner(s) ' to conduct a business or to build a home or take over an existing lease on a residential property or business - after all the necessary legal documents are passed by the B.T.I.B ( Business Trade Investment Board ) and the necessary documentation is passed by the Department of Immigration.

We welcome your enquiry so please call me now for comprehensive property listing details about this sale.

 

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