New Refurbished Motel, Returning $100K+p.a.

A Rotorua Motel on Fenton Street is for sale. With long and secured lease and a very low rent  the motel is perfect for a working couple or for someone who is new to motel business. The occupancy is much higher than the average rates in Rotorua. The owners have partly refurbished the motel recently and the tariffs are going up. Due to personal issues, the motel must be sold. The vendors will consider any reasonable offer to make a quick sale.

• Average occupancy over 85%
• Rent is only around 22% of the turnover
• Tens of thousands of dollars has been spent over last few months on refurbishment voluntarily. 
•  Cash Surplus for one working owner is recorded for more than $100K
• Private owner's accommodation
• Maximum rent increase is 4.7% for every two years. 
• Urgent sale, first in first served. No bull. 

If you would like a "bargain" in today's motel market, you do not want to miss this. Please contact your motel broker for further details.
 

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***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.