Ad ID: 59182

Motel for Sale Timaru

Opportunity is Knocking!

Business Description

Motel for Sale Timaru

Well-presented 9-unit motel (very good room configurations) in good visible location on Timaru’s main thoroughfare.

This motel is just a 5-minute walk across a park to the Caroline Bay Aquatic Centre, and the beautiful Caroline Bay.  A range of restaurants and a large supermarket are nearby, and the Timaru city centre is within 5 minutes’ drive.

The Manager’s residence is two bedrooms (could be increased to three, with the loss of a motel unit).  There is a very long secure lease in place with a reasonable rental. The business attracts a growing stream of international and domestic visitors, and has a loyal corporate guest base.  Excellent forward bookings are in place. This is an easily-operated business for a couple, or for one person with some casual staff assistance.

Timaru city serves a district of 46,700 people, and is located on the east coast near the middle of the South Island of NZ, servicing a wide rural South Canterbury hinterland.  It provides an excellent location as a sporting and social hub for those coming from other areas of the South Island, who regularly require accommodation for events held in Timaru. It has a protected beach, Caroline Bay, which serves as the focus of an annual Summer carnival, and is handy to popular trout and salmon fishing rivers. It is also an ideal staging point for trips to Lake Tekapo (just over 1 hour’s drive), Aoraki Mt Cook (approx 2.5 hours’ drive) and the MacKenzie Basin. Strong tourist numbers have supported excellent custom of motels around the South Island, particularly over the past two to three years, and centres such as Timaru have been able to participate in this tourist boom.

 

Our Vendors have operated this motel for 3 years, and are now seeking to pursue other horizons, presenting an excellent opportunity for a purchaser to enter into a well-performing, easily-operated, profitable business.

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