388 Tay Street, Glengarry, South Island
Sold by Adrian Chisholm! | LHI Motel Investment
SOLD
Business Description
Here’s a Great Entry-Level Motel For you!
This well-established 13-unit motel is situated on 2247m² title (approximately) on Tay Street, in the “motel strip”, and is close to the Invercargill CBD.
MOTEL CONFIGURATION
3 x STUDIO UNITS – sleeps up to 2, one accessible
5 x ONE BEDROOM UNITS – sleeps up to 4, one accessible
2 x ONE BEDROOM EXECUTIVE UNITS – sleeps up to 2
3 x TWO BEDROOM UNITS – sleeps up to 6
The large owner’s accommodation features: the motel office, 2 bedrooms, a large lounge, and has an adjoining door to the 13th motel unit if the owners are having family and friends to stay. There is also a private garden and BBQ area to the south of the home.
The large double garage is adjacent to the 13th motel unit and close to the owner’s home.
The leasehold property has been well maintained, and is trading well, and the Landlord’s are prepared to extend the current lease, which currently has 14 years to run.
For more information or to arrange your private viewing, please contact specialist Accommodation Business Broker, Adrian Chisholm, AREINZ, by using the contact form on this page thank you.
Property Ref: 58685
Business Summary
Key Investment Insights
1. Well-established 13-unit motel situated in a prime location on Tay Street, close to the Invercargill CBD.
2. Motel features a variety of unit configurations, including studio, one bedroom, executive one bedroom, and two bedroom units.
3. Large owner's accommodation includes a motel office, 2 bedrooms, and a large lounge, with an adjoining door to the 13th motel unit.
4. Private garden and BBQ area for owner's use.
5. Large double garage adjacent to the 13th motel unit and close to the owner's home.
6. Leasehold property with a current lease of 14 years, with the option to extend.
7. Well-maintained property with strong trading performance.
8. Opportunity for new owners to enter the accommodation business market with an established and profitable motel.
9. Specialist Accommodation Business Broker, Adrian Chisholm, available for more information and private viewings.
