Nine stand-alone, self-catering bungalows with platforms for three more bungalows already in place.
Office and storage building, swimming pool and beachfront deck.
Magic Reef Bungalows is a self-catering paradise. The rooms are traditionally built and beautifully decorated with everything you might need to make a stay comfortable.
Each bungalow has its own mini kitchen, fridge, food preparation plus dining area, living area. TV, and DVD player. There are shared BBQ facilities for the guests+ internet broadband facility. Each bungalow is insect screened at both the front and back doors. The rooms have both ceiling fans as well as air conditioning and private security safes. Super King sized beds in each bungalow
All nine standalone bungalow accommodation have views out over the Pacific Ocean from private and furnished balconies.
Rarotonga has plenty of cafes, restaurants and food stores to choose from, however guest can also take advantage of the pool side BBQ.
The current owners of Magic Reef Bungalows have operated this business since 23 August 2013.
The business financial year is from 1 April to 31 March of the following year.
P &L's available on request (NDA requested prior to release )
There are three platforms already in place for the construction of three more bungalows .
There is also further undeveloped land on the property that could be used to develop additional rental accommodation or to build managers’ accommodation.
Asking price NZD $2.5 million
Please quote Magic Reef when making