Ad ID: 57380

Motel Lease for Sale Rotorua

Immaculate motel with long lease

Business Description

Motel Lease for Sale Rotorua

Looking to buy an immaculately presented leasehold motel in Rotorua? Then perhaps these are reasons to consider this one:

  • 11 Units – 7 X 2 bedroom & 4 X studio
  • Long lease
  • Good turnover & profits
  • Heat pumps in 8 of the units
  • Fenton Street location
  • Trip Advisor rates Excellent
  • Can be run by a couple with part time help
  • 3 bedroom owners accommodation
  • Easy care section

The 7 X 2 bedroom units are like an apartment each with a spa bath, private deck off the lounge/dining area upstairs, and outdoor grassed area on the ground level. The 4 studio units are spacious with one fitted out with disable facilities.  

Since the vendors took over they’ve invested heavily in making improvements by installing heat pumps into 8 of the units, sourced additional booking agents and restructured the business so now turnover and profits are increasing with good forward bookings.  

Nationally tourism is a major employer with approximately 190,000 employed full time and is now our largest export earner, and Rotorua, with its 3.3 million visitors each year, is recognized as a must see tourist destination in New Zealand and with ongoing marketing worldwide continues to grow year on year. Rotorua’s tourist attractions are continually being added to and one of the biggest has been the hundreds of kilometers of walking and mountain bike tracks, but it’s also the major support city to large outlying area with a diverse range of business, so owning a motel in Rotorua has many advantages.

Asking price $400,000 plus GST if any.

To receive an information memorandum, firstly a confidentiality agreement needs to be completed that’s available from the vendors’ sole agent, Darcy Snowden.

Business Resources

Contact:

 

Interested In This Opportunity?

 

Sign up for the Latest Businesses For Sale

BUSINESS FOR SALE BULLETINS
quickly get the newest business opportunities.

SELECT BULLETIN(S):
  •