Ad ID: 66699
Motel Complex for Sale Timaru Canterbury
Timaru's Golden Opportunity!
Business for Sale Description
Motel Complex for Sale Timaru CanterburyRarely do we come across accommodation properties with so much potential & options.
A long established & proven motel, well positioned in close proximity to town & Timaru Hospital, in this busy provincial city.
The property sits on a large strategic land holding of 2517sqm and comprises 2 motel blocks consisting of 14 x 2-bedroom motel units (larger residential style, flat units), 3-bedroom owners\' / mangers\' unit and 10 single garages, laundry & other storerooms.
Currently aimed at the budget sector of the market, with a good mix of clients including tourists, domestic travellers and long stay workers, this motel achieves good occupancy and revenue.
Providing great security with a shortage of competition in this market sector and steady demand. Possible mixed income streams should provide any new operator a strong cash flow business, with further potential & many options to add value and build on an established business.
Considerable scope for long or short stay options with larger two bedroom units or possibly consider rental flats as an option. (Any change of use may require the appropriate Council consents.)
A great opportunity to run a motel complex and add your own touch, perhaps with a view of selling down a lease to obtain a market rental in the future.
This business is currently under management with the vendor divesting investment portfolio and looking to achieve a sale. The property is well constructed, has always been maintained and looked after during its one owner tenure.
A rare opportunity to secure an accommodation property & business in the tightly held Timaru / South Island accommodation sector.
We would welcome your enquiry on the Land, Buildings and Business at $1,850,000 of this Motor Lodge for sale in Timaru via our website or by phoning ADAM BERRY on 0800 263339, DDI 03 550 0520 or 021 409 441.
Interested In This Opportunity?