High Profit and Great Location

Rotorua

$1,280,000

Proposed Usage
Tourism & Hospitality
Description:
Property ID
1c26sc3

Highlights:

*This motel is centrally located on the main street through Rotorua.
*20 spacious units with a good mix of studio, one bedroom and two bedrooms. All units have brand new beds, a full kitchenette with new cooking oven and recently painted thermal spa pools.
*Annual sales are currently around $674,000, great occupancy of around 77%, annual rent is only $125,000+GST, last year accounts showed an amazing cash surplus for the owner of over $300,000.
*A secure long lease with 28 years remaining, expiry 2046.
*The owner's accommodation is very generous with three bedrooms and one bathroom with separate toilet, thermal heating and hot water make staying here very comfortable and warm especially during the winter season.

If you are looking for a well-managed, beautifully presented, very successful motel business in a tourism mecca, and showing a very good profit, you need to contact Christine now and book to view!

Price $1,280,000
.

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