Ad ID: 95456
Great Performing Motel for Sale Timaru
One of Timaru\'s Best Performing Motels
Business for Sale Description
Great Performing Motel for Sale TimaruThis motel is 4.5 star ASURE rated and ranked No # 1 on Trip Advisor in Timaru, with a strong loyal corporate, tourist, and domestic traveller client base.
18 units with an excellent mixture of studios and one & two bedroom units, including a separate 3-bedroom house. Plenty of options here for accommodating guests.
Owners\' home is a wonderful spacious 4-bedroom 2-bathroom house presented to a high standard.
The buildings and chattels have been maintained to very high standard, there appears to be little to spend here in the short term. The business is supported by a wonderful website and great systems in place for new owners to hit the ground running.
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.
Our vendor is retiring after 11 years and now passing on a financially strong & sound business.
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.
Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement, included in the Information Memorandum available on our website.
We would welcome your enquiry on the Land, Buildings and Business of this Motel for sale in Timaru via our website or by phoning JOHN CONNELLY on 0800 263339, DDI 03 550 0520 or 021 880 881.
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