Excellent 13 Unit Leasehold Motel in Rotorua

This beautiful leasehold motel occupies a prime location close to the Rotorua CBD with all the shops, cafes, restaurants and bars within walking distance. There is easy access to Fenton Street and main arterial routes, yet the motel enjoys a quiet setting where guests can relax and unwind after exploring the many tourist attractions and activities in Rotorua. There are 13 high quality units and the configuration is as follows: • 9 x studio units • 4 x 2 bedroom self-contained apartments Each studio unit features a private outdoor hot pool, thermally heated, with the apartments each containing spa baths and sleep up to 7 people. The geothermal energy of the area is used for central heating as well as heating the pools. A thermal bore services this property and 3 other neighbouring sites. The owners’ or managers’ accommodation is a generously sized two-bedroom apartment on two levels. An interconnecting office is utilized as the hub of the accommodation operation. The annual turnover is just under $400,000 and a six figure cash surplus is available to a working couple. Although the motel is performing very well, there is still room for growth. A long lease with 35 years to run is in place, making this a very attractive purchase. Interested? Then contact me today for full details.