Ad ID: 95286
Motor Lodge Motel for Sale Timaru
Substantial Complex and Development Potential
Land, Buildings and Business $4.5m
Business for Sale Description
Motor Lodge Motel for Sale TimaruThis is an opportunity to acquire a substantial 25-unit motel operation on a high profile 4,961 sqm parcel of SHW1 land. Two motels on separate titles combined, with the prospect to add more units to one of the motels and/or sell or lease the properties separately.
All bases are covered here, so whether guests are looking for spacious and comfortable 3.5 star value for money accommodation or aiming for 4.5 star upmarket with spectacular views (popular with repeat high-end corporate clients), their needs can be met.
The business affords a live-in management couple and provides good returns to the mostly \"hands off\" owners.
We are pleased to be able to report that Timaru is trading quite steadily despite the Covid-19 situation. We are informed that as each month goes by the reduction in comparative occupancy rates (compared to earlier years), is easing.
Freehold going concern motels can be hard to find, particularly in such a great location with further development potential.
Please be aware that some of this information may have been sourced from RPNZ/ Property Guru/ Land Information New Zealand and we have not been able to verify the accuracy of same.
We would welcome your enquiry on the Land, Buildings & Business of this Motel for sale in Timaru via our website or by phoning KELVYN COFFEY on 0800 263339, DDI 03 550 0459 or 027 432 0565.
Interested In This Opportunity?