FHGC Motel on Fenton Street, Rotorua
$1,380,000 plus GST (if any)
Refer to Broker
About this business for saleFHGC Motel on Fenton Street, Rotorua
This freehold going concern motel occupies a prime location on Fenton Street, arguably the best street in Rotorua for an accommodation business. The motel has good exposure to passing traffic and benefits hugely from its location.
There are nine spacious motel units with a good mix of studio, one bedroom and two bedroom units. All units are fully self-contained. Five of the units have private geothermal mineral soak pools.
Onsite facilities include a guest laundry, a geothermal mineral soak pool and one car park per unit.
The section is approximately 809 sqm in size and the land is freehold.
The owners' accommodation is a three bedroom facility. The reception office is adjoining but separate from the home.
The owners have owned and operated the motel for approximately 12 years now. Their focus is on a lifestyle business and despite the fact that very little marketing is done, the motel shows a good turnover and excellent profitability. It is operated by one owner with some assistance from her partner, as well as casual part time staff as required during busy times.
The motel would be the perfect business for a couple.
This is a great opportunity to become part of the lucrative and growing accommodation industry in Rotorua. Don’t delay with your enquiry – contact me today for full details.
***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.
+64 7 579 4994
+64 27 238 1450
*Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.