Ad ID: 59192

Motel for Sale Timaru

Rare Freehold Going Concern Accommodation Jewel

Business Description

Motel for Sale Timaru

Our Vendor has favoured us with instructions to take this excellent Timaru accommodation complex to the market as a freehold going concern – business plus land and buildings.  Located on the main State Highway 1 thoroughfare through Timaru, it is comprised of a combination of 15 family-style motel units, plus 10 near-new upmarket luxury units, with panoramic views extending to Aoraki Mt Cook. This combination of accommodation types appeals to, and caters for, a wide range of guests.  A very comfortable 3-bedroom Owner’s / Manager’s residence is located on-site.

The business is well-established with loyal clientele, making it very profitable. Excellent websites are also in place which assist in attracting guests to the business.  The high visibility and street appeal of the combined complex attracts drive-by guests.

 Timaru is a city of approximately 27,000 people which services a wide rural South Canterbury hinterland. It is centrally-located on the east coast of the South Island, and as such, acts as a sporting and social hub for those coming from other areas of the South Island. It has a protected beach, Caroline Bay, which stages 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 years, and centres such as Timaru are benefitting from this continuing tourist boom.

 This is a rare opportunity to purchase such a well-performing freehold going concern accommodation business in a prime location, well-placed to provide strong performance into the future, all for a very competitive price of $3,650,000 (+ GST – if applicable). Enquire now for further details.

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