www.nzbizbuysell.co.nz/110310
Ad ID: 110310

Motor Lodge for Sale Timaru

Opportunity Of a Lifetime Awaits

Location:
Asking:
$1,295,000
+ GST if any

Why buy this Motor Lodge Business

Motor Lodge for Sale Timaru

We are proud to offer an established, modern, well maintained 20-unit Motor Lodge in a prime highly visible location in Timaru, South Canterbury, close to the city centre, cafes, restaurants, and shops, as well as Timaru's iconic Caroline Bay, a lovely leisure beach, ideal for families. The Manager's residence is a very comfortable 2-bedroom residence, although options exist to allow a further bedroom(s) if required by a Purchaser.

Timaru is a city of approximately 27,000 people which is located on the east coast near the middle of the South Island of NZ, and services 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 frequently require accommodation. It has a protected beach, Caroline Bay, which serves as the focus of an annual Summer carnival over the Christmas-New Year period, and is handy to popular trout and salmon fishing rivers. It is also an ideal staging point for trips to Lake Tekapo (approx 1 hour's drive), Aoraki Mt Cook (approx 2.5 hours' drive) and the Mackenzie Basin.

This complex provides stunning views across to Caroline Bay and the Timaru Port beyond. All units are well furnished with heat pumps installed, and several have spa baths. This complex was built by experienced moteliers, and it shows in the convenient storage areas provided for linen etc. throughout the complex, as well as the convenient location of laundry facilities.

The main lease has approximately 28 years to run, providing a Purchaser with real security of tenure. Five units are operated in a joint venture with the Landlord, which can be formalised if required.

The Motor Lodge can be easily operated by one person, again making it particularly convenient. Purchasers with no previous motel experience can also operate the business, just as our Vendors have for the past 7 years, coming in with no prior experience.

This business particularly caters for corporate guests, and with the current projects being undertaken in Timaru (new Showgrounds bulk retail development, Scott Base construction for Antarctica, and food processing expansion), this is set to continue strongly.

Here is an outstanding opportunity, well-established and very profitable, for an aspiring motelier to take the reins and do very well at, whilst living in a lovely complex.

Our Vendors have embarked on a new project in another South Canterbury area, and it is only for this reason that they have now brought the business to the market - take this opportunity and make it yours! Enquire now to avoid disappointment!

For more info
Contact: Athol McCully

Athol McCully

Athol McCully
027 433 8052 or 03 371 9126
Anytime
Harcourts Grenadier RE
Licensed REAA 2008
Broker Ref: CIC57546

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