Invercargill Central, South Island

Invercargill Main Road Motel and Home

Business Lease $519,000

Business Description

With much of the hard work already done and the figures showing the results, combined with the opportunity to pick up a long 30 year lease at a very reasonable ingoing price, we believe this motel deserves your attention.

Comfort Inn Tayesta is enjoying a good return to revenue and occupancy since Covid. 2023's financial year proved to be the motels most profitable. Some calendar months continue to be their best calendar months on record.

14 units, 13 ground floor. A good mix of studio units, one and two-bedroom apartments all with their own private parking, provides the operator with flexibility and guests with choice. Units enjoying plenty of direct sunshine and being a reasonable distance from the main road. All units are insulated underfloor and all windows are double glazed except a small part of one unit.

Located on the main road leading into Invercargill on the left-hand side from Christchurch, Dunedin. Invercargill's warm and friendly heart is just minutes up the road.

Owner's accommodation catches all day sun and provides the benefit of a four-bedroom open plan living home and spacious living areas. Four car garaging/storage attached to the laundry and reception makes running the motel convenient.

Backing from Choice Hotels Worldwide as a Comfort Inn Franchise sees support from this trusted brand and a very solid client base of corporates, some of which have kept coming back for years.

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 Business Lease of this Motel for sale in Invercargill via our website or by phoning DEREK JOHNSON on ---------- , DDI ---------- or ---------- .

Business Summary

Key Investment Insights

1. Profitable motel with strong financial performance in recent years.
2. Good mix of 14 units, including studio, one-bedroom, and two-bedroom apartments.
3. All units are insulated and most have double glazed windows.
4. Located on the main road into Invercargill, with easy access to the city.
5. Owner's accommodation includes a four-bedroom home and four-car garage.
6. Backed by Choice Hotels Worldwide as a Comfort Inn Franchise.
7. Solid client base of corporate guests, some of whom have been returning for years.
8. Confidential details available upon completion of a confidentiality agreement.
9. 30-year lease available at a reasonable ingoing price.
10. Good return to revenue and occupancy since Covid.
11. Potential for further growth and development.
12. Motel enjoys plenty of direct sunshine and is a reasonable distance from the main road.
13. Warm and friendly atmosphere in Invercargill.
14. Support from a trusted brand and franchise.
15. Convenient location with easy access to the city and amenities.
16. Information Memorandum available on the website.
17. Enquiries welcome via website or phone.
18. Experienced and knowledgeable agent available for further information.
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