Ad ID: 97508

Motel for Sale Timaru

Superb well-performing Motor Lodge - Timaru

Offers over $4,000,000

Business for Sale Description

Motel for Sale Timaru

Substantial well-performing motor lodge business in a prime location in the main thoroughfare through Timaru. It has a total of 18 units offering an excellent range of guest accommodation. The premises are well-presented and maintained, and have heat pumps throughout. The complex is complemented by a 4-bedroom owner's residence.

Timaru is a city of approximately 28,700 people which is located on the east coast near the middle of the South Island of NZ, and services a wide rural South Canterbury hinterland. It provides an excellent location as a sporting and social hub for those coming from other areas of the South Island, and whom regularly require accommodation. It has a protected beach, Caroline Bay, which serves as the focus of an annual Summer carnival, and is handy to popular trout and salmon fishing rivers. It is also an ideal staging point for trips to Lake Tekapo (approx 1 hour's drive), Aoraki Mt Cook (approx 2.5 hours' drive) and the MacKenzie Basin. Recently, strong domestic tourist numbers have supported excellent custom of motels around the South Island, and centres such as Timaru have been able to participate in this. The membership of an accommodation referral group places this business at an advantage in Timaru. 

The main occupancy stream of this business is driven by a mixture of corporate and working class guests on the many projects, commitments and events happening in Timaru. It is essentially full or near full Monday through to Friday each week, and the weekends are made up of sporting, social or other events.

The ability to own a quality freehold going concern motor lodge in such a key location is rare. Our owners, through their Company, have owned the property and business for several years, and are now seeking retirement, providing a genuine opportunity for a Purchaser to build successfully on the groundwork they have put in place. We recommend early enquiry - make the call today!

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For more info
Contact: Athol McCully

Athol McCully

Athol McCully
027 433 8052
Harcourts Grenadier RE
Licensed REAA 2008
Broker Ref: CIC54573

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