Ad ID: 54258

FHGC Accommodation for Sale Timaru

Special Freehold Going Concern Accommodation Opportunity


Business for Sale Description

FHGC Accommodation for Sale Timaru

Truly superb Timaru accommodation business offered as a freehold going concern. Our Vendors have "made over" character premises into a stunningly-presented accommodation business with 16 rooms of varying configurations, a suite suitable for an owner, and three commercial premises which provide additional rental income. The standard of fit-out is very high, making a very appealing and inviting place to stay. To date our Vendors have operated this business for guests on a weekly basis, but the infrastructure exists for this to be turned into a hotel/motel-type accommodation business on a nightly basis, with the additional rewards this will bring. The accommodation offered has a particularly strong appeal for corporate guests visiting Timaru businesses, because of its location in the heart of the city, and the facilities available.
Marketing to date has been relatively minimal, and the opportunity for a purchaser to promote the business, especially online, is untapped. 

Timaru is a city of approximately 27,000 people, located on the east coast near the middle of the South Island of NZ on State Highway 1 (the main route), and which services a wide rural South Canterbury hinterland. It is approximately 2 hours' drive south of Christchurch and 2½ hours' drive north of Dunedin. It provides an excellent location as a sporting and social central point for those coming from other areas of the South Island, and whom regularly require accommodation. 

It has a busy port, and a protected beach, Caroline Bay, which serves as the focus of an annual Summer carnival. Timaru 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. Timaru, like many other South Island centres, is experiencing strong accommodation demand from the current tourism boom, in addition to the needs of domestic business travellers.

We see this as an outstanding opportunity to purchase a special accommodation complex with enormous potential for further growth, right in the heart of Timaru.

Please Note: All prices are + GST (if any)

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Harcourts Grenadier RE Ltd.
For more info

Athol McCully

Athol McCully
027 433 8052 or 03 371 9126
Phone: Athol McCully or 03 371 9126
Harcourts Grenadier RE
REAA 2008
Broker Ref: CIB25636

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