About this Business for sale in Rotorua
Fault this motel if you can! In prime position on Rotorua’s golden motel mile, the Capri on Fenton will meet every expectation of the most discerning investor/motelier.
This most appealing, single level motel offers 17 very, very spacious units, over 3 separate blocks, positioned around a substantial central cobblestoned carpark area.
The accommodation is comprised of 9 x studios, 7 x one bedroom and 1 x 2 bedroom units, which are all thermally heated, all with spa pools and kitchenettes and each with individual SKY decoders. All units have designated carparks. The motel has an additional outdoor, undercover BBQ/outdoor kitchen area, for family gatherings and socialising.
The current owners maintain this motel to the highest standard with regular maintenance and ongoing upgrade of chattels to meet their own high expectations of excellence. This commitment to maintaining the asset in excellent condition is applied equally to excellence in the professional way they run the motel business – resulting in a highly desirable bottom line. The thermal water supply is a huge bonus, with power bills reduced accordingly.
The warm and sunny, very spacious, 3 double bedroom owners home is quite a bonus as it really can house a family. It has a well-appointed kitchen with adjoining dining room and a completely separate lounge, opening to a private patio area. A large single garage has internal access for easy convenience.
There is no doubt that all the hard work has been done, and a new owner can walk in and make money from day one.
- A freehold going concern of this quality is rare
- A vibrant, very well managed business
- A very healthy bottom line showing a 10% yield
- A most attractive investment for a new owner
- An option to keep the freehold and sell the business lease
- Modern low maintenance construction
- Excellent, spacious 3 bedroom owners’ home