nzbizbuysell.co.nz/90187
Ad ID: 90187

Leasehold Going Concern Motel for Sale Timaru

Homestead Lodge, Motel Business for Sale in Timaru

Location:
Asking:
$525,000
+ GST (if any)

Business for Sale Description

Leasehold Going Concern Motel for Sale Timaru

Homestead Lodge is the Perfect First Motel Business!

If you are looking for your first Motel business at an affordable price this ticks the boxes. It features 13 very presentable units on a prime State Highway 1 (main road) location and, most importantly, is a good performer showing consistently sound returns. With established regular clientele and a great pipeline of forward bookings, this continues to be popular ‘mid-priced’ accommodation.

KEY FEATURES

- Great exposure, situated on the main street

- 13 Bedroom motel, some of them being self-contained

- 2 Studio apartments

- Tidy and well maintained units

- Fantastic revenue and profitability

- Plus a large three-bedroom House!

- The comfortable 3-bedroom on-site Manager’s residence is well designed with the Motel reception adjoining the generous living area. This provides a convenient management space.

- This business is underpinned by a secure long lease, with 22yrs still remaining.

Guests are attracted by this Motel’s great location – it is relatively easy walk to Timaru’s iconic Caroline Bay and Aquatic Centre and the restaurants on the city’s Bay Hill. A supermarket, takeaway outlets and other shops are also within an easy drive.

If you wish to add further scale to the business then there may also be an opportunity to lease a modern house to the rear of the Motels. This complements the Motel business and has proved to be a very popular with families and large groups.

Don’t delay, contact me today for the full details!

For more information or to arrange your private viewing, please contact specialist Accommodation Business Broker, Dilan De Silva, on +64 27 444 9692 or email dilan@tourismproperties.com

If you would like to know more, please register here on our website, and then navigate to the Documents tab above the main image, and request access to the confidential information therein, thank you.

Business Resources

Timaru city is located on the east coast near the middle of the South Island of NZ. The city serves a district of 46,700 people, with a wide rural South Canterbury hinterland. It provides an excellent sporting and social hub for those coming from other areas of the South Island, who require accommodation for the events held in Timaru. It has a protected beach, Caroline Bay, which serves as the focus of an annual Summer carnival. Timaru is also handy to popular trout and salmon fishing rivers. It is an ideal staging point for trips to the MacKenzie Basin, with Lake Tekapo just over 1 hour’s drive away, and Aoraki Mt Cook approximately 2.5 hours’ drive. Strong tourist numbers have supported excellent custom of motels around the South Island, particularly over the past three to four years, and centres such as Timaru have been able to participate in this tourism boom.

For more info
Contact: Dilan De Silva

Dilan De Silva

027 444 9692
anytime
Tourism Properties.com
Licensed REAA 2008
Broker Ref: 4835

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