Ad ID: 57353

Motel and Backpackers for Sale Timaru

Timaru: Great Opportunity at this Affordable Entry Level - Lease for Sale

Business Description

Motel and Backpackers for Sale Timaru

This accommodation is aimed at the budget sector of the market and is enjoying very good consistent occupancy and revenue.  Much of this is coming from long term accommodation to companies who wish to house their staff for extended periods.

The complex is comprised of 11 motel units and a further 2 backpacker facilities accommodating up to 20 people. A recent addition to the complex is a 5 bedroom, 2 bathroom house which has been renovated and has the option of to be the accommodation for an owner with a larger family. The current 2 bedroom owners’ accommodation could then go back into the letting pool.

Business Resources

The business is currently under management and the owner wishes to set up a long term lease and let an owner operator take it from here.

This presents an opportunity to purchase a very established business at a very opportune price.   The vendor is motivated to sell and has priced the business below a recent registered valuer’s appraisal.

We would welcome your enquiry on this motel & backpackers for sale in Timaru via this website or by phoning Adam Berry on 0800 263339, DDI 03 550 0520 or 021 409 441. 

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