Motel for Sale Timaru
Great Entry Level Motel Lease
Business for Sale Description
Motel for Sale Timaru
Urgent Sale- The asking price is negotiable as the Vendors are very keen to move on to take up another great opportunity that has been offered to them which is away from this area.
The motel is also priced at this level as it only has a short term left on the lease but the landlord is quite prepared to negotiate an extension on fair terms, with the new business owners.
There are 13 units and a roomy 3 bedroom Managers' house with a large sunny balcony overlooking the park and the sea. A great place to relax after a day’s work. Also there is plenty of storage space.
During their time at the motel the Vendors have undertaken a steady program of refurbishment and maintenance. The interiors of most units have been recently repainted and some of the showers relined, as well as many other improvements gradually being done. A new owner can come in and gradually put their own stamp on the units.
Currently operated by one of the owners with occasional help, so could be suitable for a couple where one can have other work interests if desired.
Currently run as budget accommodation which makes it more affordable and attractive to travellers.
The complex is located on the main road into Timaru, and is easily seen from the road.
Timaru is growing fast and is becoming more popular with visitors. Also being only 1 hour from busy Tekapo many people are staying who are wanting to spend more time in the area, or who are travelling to Queenstown or Dunedin.
A great business for someone wanting to enter the accommodation business and having a lifestyle and a home as well.
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***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business. Please contact the broker for further details.
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