New Castle Motor Lodge, Rotorua
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Contact Agent(s)
Property Name: New Castle Motor Lodge
Address: 18 Ward Avenue, Rotorua
Property Type: Motel
Sale Type: Business
Price: $195,000
Region: Bay of Plenty
THIS ENTRY LEVEL MOTEL WILL NOT LAST
Reasons to purchase:
- Entry level purchase price
- A business that is trending up
- Only 8 years old
- Low maintenance
- Huge potential
- Long lease
Features
There are a good mix of rooms, 8 studios, and 8 one bedrooms. All the units, except the wheelchair access units, have large 7 jet spa baths and the rooms are tastefully decorated.
The owner's accommodation has 4 bedrooms with open plan kitchen dining and lounge. There is also a laundry and extra shower and toilet.
The chattels are in very good condition and a new owner would be well positioned to build on this entry level business.
Lease Details
A 34 year lease.
Number of Rooms
16 units - 8 studios and 8 x 1 bedrooms.
Age
Approx 8 years
Financials
Financial information is available after the signing of a confidentiality agreement, which can be found in the download panel. On receipt of this agreement, a password will be supplied by the broker.
Contact
For further information about this opportunity please contact Ray Hart on 021 33 54 88 or email ray@resortbrokers.co.nz
Downloads
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Confidentiality Agreement New Castle.pdf (144.85 KB) |
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New Castle Financials Oct - April 2010.pdf (45.98 KB) |
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New Castle lease doc.pdf (1.62 MB) |
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Disclaimer: We do not accept responsibility for mis-statement or error contained on this site. Interested persons should rely on their own enquiry. All prices are plus GST if any unless otherwise stated. If the transaction is recognised as a going concern then the sale should be zero rated.