Stunning Modern Motel

$475,000TimaruListing: #CS00088


Timaru  


$475,000


Accommodation/Motel/Hotel
Refer to Broker


About this business for sale

Stunning Modern Motel

 

This thriving motel business is genuinely offered for sale.

The motel has a great profile being located on a prominent corner site on a busy tourist route in South Canterbury.

It consists of a very well presented 10 unit motel with a good mix of spacious units, having 4 well appointed two bedroom apartments which are ideal for families or groups, as well as 6 good sized studio units which are very popular with couples and corporate guests, resulting in a high percentage of repeat business.

The current owners have kept to a regular maintenance program to ensure that they can offer high quality and comfortable accommodation.

The manager's accommodation is a very nice 3 bedroom home, with a sheltered and private outdoor area, plus good garaging, which is a rare find in motels. 

There is a good lease in place with a reasonable rental.

The motel is within an easy walk to the cafes and interesting range of shops in the town centre.

There are many attractions in the surrounding areas, with the Timaru Raceway nearby. Also there is good fishing on nearby rivers, and plenty of other outdoor pursuits. Growing numbers of sporting events are also held in the South Canterbury, all offering opportunities for accommodation businesses. 

Being just over 2  hours from Christchurch Airport the motel is a very popular stopover for tourists travelling through the South Island's scenic routes. Also the very popular Lake Tekapo is approximately 1 hours drive away. Tourism in the South Canterbury and McKenzie district is currently undergoing rapid growth.

Here's a great chance of having a good income and a great lifestyle as well.

Contact Sally now for more information.

Christchurch & South Island
sally.everitt@linkbusiness.co.nz
+64 3 595 0935
+64 21 988 138

Sally Everitt

*Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.