Motel Lease or FHGC $399,000 or $1,670,000
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13 Unit (9 studio & 4 X 2 bedroom) Motel either Lease or Freehold Going Concern in Rotorua.
Having been only recently refurbished to a very high standard this complex has both new and repeat business from very satisfied guests. Each studio has its own hot pool whilst the 2 bedroom units a spa bath. The complex has its own thermal bore that provides central heating and hot water at a major cost saving over electricty or gas. Given the high quality of the complex, occupancy rate is already well above average and increasing and with Rotorua being very proactive this should increase even more. The complex is being offered for sale either with a new 30 year lease for $399,000 or as a freehold going concern at $1.69 million. Possible vendor finance. Financials and quality will not disappoint. 2 bedroom owners accommodation Further details are available upon completion of a confidentiality agreement.
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