Motel for Sale Rotorua

Description

Business type: motel accommodation business

Location: Rotorua, New Zealand

Current status: established operating business

Site position: central Rotorua

Location

Rotorua CBD: minutes away

Rotorua Central Mall: minutes away

Polynesian Spa: minutes away

Lake Rotorua: minutes away

Rotorua Racecourse: minutes away

Accommodation

Motel units: 8

• Studio units
• Two-bedroom units
• One three-bedroom unit

Unit size: stated as spacious

Primary guest markets: tourist and business travellers

Lease

Lease term remaining: 23 years

Lease expiry: 2048

Lease security: stated as strong

Rent: stated as reasonable

Financial profile

Operating overheads: stated as low

Net profits: stated as consistent and healthy

Profitability: reported as profitable

Owner accommodation

Owner residence: separate 2-bedroom flat

Owner accommodation: onsite

Operations

Owner-operator model: suitable

Investor ownership model: suitable

Customers and market

Primary market: Rotorua accommodation sector

Tourism demand: stated as strong

Business traveller demand: established

Potential buyers

• First-time motel buyers
• Owner-operators
• Accommodation investors
• Existing motel operators
• Hospitality buyers