Ad ID: 60011

Accommodation for Sale Timaru

Timaru: Rare Accommodation Property & Business Ownership - Presents Golden Opportunity! Land, Buildings & Business.

Location:
Asking:
$2,495,000

Business for Sale Description

Accommodation for Sale Timaru

  •          Large strategic land holding on Timaru’s golden motel strip, being high profile prime Evans Street (SH1) location.
  •          Long established and proven motel, hostel and backpackers complex, well positioned in this busy provincial city.
  •          The property is held in three certificates of title. There are 11 motel units and a 7-bedroom hostel at 42 Evans Street, 4-bedroom backpacker’s accommodation, studio unit and 2-bedroom mangers house at 44 Evans Street and a separate 5-bedroom house at 5 Trafalgar Street which is used as part of the motel operation. Total land area 3,077sqm.
  •          This accommodation is aimed at the budget sector of the market and obtains consistent occupancy and revenue. A good client mix including, tourists, domestic travellers and long stay workers.

Business Resources

  •          Great security, with lack of competition in this market sector and mixed income streams providing a strong cash flow business.
  •          Further potential to add value and build on an established business.
  •          Close proximity to Caroline Bay, Aquatic Centre, Northtown Mall and the Town Centre.
  •          Business currently under management with vendor divesting investment portfolio and looking to achieve a sale.
  •          Recent property and business valuation available.

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

Interested In This Opportunity?

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Similar Business Opportunities:
Motels for Sale Timaru
Businesses for Sale Timaru
Coffeys Tourism Property Brokers Ltd
For more info
Contact:

Adam Berry

Kelvyn Coffey
0800 263 339 or 021 409 441
Phone: Adam Berry or 021 409 441
Coffeys Tourism Property Brokers Ltd
REAA 2008
Broker Ref: 1387

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