Glenholme

Glenholme

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ROTORUA MOTEL BUSINESS FOR SALE

Located on Fenton Street in the heart of Rotorua, this motel offers an excellent business opportunity.

Proximity to shops, restaurants, and cafes, it is only a 15-minute drive to Rotorua Airport and a 20-minute walk to Whakarewarewa Thermal Village.

The property includes 10 self-contained guest units which comprise two levels. Each unit has a private spa pool, fully equipped kitchens, satellite TV, and free Wi-Fi. Additionally, there is a separate three-bedroom residence for the owner or manager.

The lease, which runs until December 2045, has rent set at under 20% of sales revenue, providing a favorable income potential compared to industry standards.

Currently, this motel does not accommodate emergency housing guests, offering operational flexibility.

Potential buyers must sign a confidentiality agreement prior to receiving detailed business information, lease information and financials.

Asking price $600,000 + GST (if any).

For further details or viewings, please contact the listing agent Chris Park at c.park@barfoot.co.nz or on 021 273 3400.

Sold November 2024

ROTORUA MOTEL BUSINESS FOR SALE

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