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579 Fullerton Road

Waikato
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N/A
634sqm
61634sqm
579 Fullerton Road Waikato
Auction
Thursday 5th November - 4:00PM
Bayleys Auction Rooms
proudly marketed by
Success Realty Ltd MREINZ
See the glow, owner says must go
Until recently Roselands operated as one of New Zealand's premiere barbeque buffet experiences catering to the international tourism market- Covid has dictated this substantial holding must be sold! Located a mere 3km from the center of Waitomo township, 579 Fullerton Road offers huge potential for the new owner to craft their own future from this slice of geography. With a sole focus on bulk tourism the previous tenant has been unable to adapt leaving the property vacant ready for re-purpose. The vendor has released the tenant from the lease previously $130,000pa + GST/OPEX. The property houses a substantial restaurant capable of seating up to 400 guests leading out to picturesque gardens a tennis court and views over the valley. There is a three-bedroom, two bathroom dwelling, swimming pool and separate one bedroom self-contained unit. There are a number of substantial out buildings. With endless opportunities and vision Roselands could bloom once again from converting to a substantial private homestead, specialized wedding or function venue or land bank until the tourism sector recovers. Waitomo Council advise that subject to consent subdivision could be possible. Our instructions are clear and motivation is strong. Contact us today to discuss your options.
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Upload by Jason Tregurtha
Waikato South