Accommodation & Tourism
Refurbished Motel Business in Rotorua
Fenton Street, Rotorua, Bay of Plenty$350,000
Quick facts
- Business type
- Established Business
- Category
- Accommodation & Tourism
- Location
- Fenton Street, Rotorua, Bay of Plenty
- Profit / cash surplus
- Recorded cash surplus above $100,000 to one working owner
- Lease / premises
- Long secure lease; rent approximately 22% of turnover with reviews capped at 4.7% every two years
- Reason for sale
- Personal circumstances
- Assets included
- Refurbished motel operation and private owner accommodation
About this business
A refurbished leasehold motel business on Rotorua’s established accommodation strip. The property is reported to be running at more than 85% occupancy and includes private owner accommodation. Tens of thousands of dollars have recently been invested in refurbishment, leaving the operation well presented for a new owner. Rent is stated at about 22% of turnover, with rent reviews capped at 4.7% every two years. The recorded cash surplus is more than $100,000 to one working owner. Asking price: $350,000. Representative image; not the actual motel.
Highlights
- More than 85% occupancy reported
- Recent refurbishment
- Private owner accommodation
- Asking price $350,000