Motel On Fenton, 29 Years Lease, Cheap Rent

$60,000 plus GST a year. Raise your hand, if your motel pays less rent, 29 + years of lease remaining. Raise your hand, if your motel has a longer lease. Raise your hand once more, if your motel rent is less than 25% of the turnover.  How many motel business owners in Rotorua would raise their hands three times, when the above questions are asked? Now your Accommodation Business Broker Paul Lu just found one for you.

A new lease agreement was signed with the current owner in Dec 2015 stating that a new five years was in place with five + five years right of renewals; the final expiry date of the lease would be Dec 2045.

The motel is located on Fenton St, the best location for Rotorua accommodation businesses.The occupancy of the motel 2016 has been recorded over 90% and still growing. 

Now raise our hand if you want an economic and profitable motel business in Rotorua. You know what to do next. But be quick, you may be able to close the deal sooner than you can imagine with the highly motivated the vendor.

***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business. Please contact the broker for further details.