Central Rotorua CBD – a 23-unit, fully refurbished Motel/Backpackers with new 25-year lease for sale.
This is a highly desirable accommodation business in a low-maintenance building & site with plenty of secure off-street parking in CBD. It is priced to sell.
This Two-story property of 23 units was constructed in 2000/2009 as a Motel and Backpackers. Until COVID -19 struck it was operating very solidly and was a popular choice with international backpackers.
During the first years of COVID -19 it took on an emergency housing role for the government but removed all tenants as of 31st March 2023.
All units have now been fully repainted with all new soft furnishings and appliances. As of mid-June, it has returned exclusively to the tourism market.
The web site and booking engines have been fully commissioned and are now taking bookings.
The Current property owner and leasee has operated this business since 2016 and enjoyed good returns and now is looking to move on.
He has priced the business with a new 25-year lease to sell, and now that tourism is returning the future of this property is exciting.
To find out more, go to linkbusiness.co.nz/HC00341 and press the “Enquire Now” button to complete an online confidentiality agreement.
Brian Priest, 021 222 2222, email@example.com
***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.
#buybusiness #accommodation #rotorua
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*Profit: 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.
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