Motel - Freehold going concern on Rotorua's Motel Strip with a capital gain opportunity.
Motels make money.
Business
Description:
This Motel is a well established, older style complex with good repeat business comprising 17 units (8 X studios, 5 X 1 bedrooms, 3 X 2 bedroom and 1 X 3 bedroom units). Two units have mineral pools along with two others that are fed by a neighbouring geothermal bore. Heating and hot water is also fed from the geothermal bore at a considerable saving.
This would ideally suit a couple with occassional help.
There's an opportunity for a capital gains by building the business up then selling off a lease and retaining the freehold investment or on-selling as a FHGC again.
Owners accommodation is 4 bedroom.
Business
Resources:
Contact:
Darcy Snowden from Christopher Brown & Associates Ltd (mreinz) (Licensed Agent REAA 2008) on (09) 909-7542 or 021-941-511, any time, or email darcy@businessbrokers.co.nz
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