Key Investment Insights
AI generated. Confirm details with the seller.
1. Business lease offered for $350,000, presenting an accessible owner operator motel investment opportunity.
2. Seven ground floor units provide varied accommodation, including a two bedroom apartment, two one bedroom apartments and four studios.
3. Owners can live rent free onsite in a private, modern three bedroom, two bathroom residence.
4. Central Invercargill location is a five minute walk from major attractions, Stadium Southland and the Cycling Velodrome.
5. The distinctive hacienda style property features a new black roof, fresh white exterior and prominent SHW 1 visibility.
6. Each unit has parking directly outside, complemented by a covered walkway for guest convenience.
7. Lease expires November 2041 and includes one ten year right of renewal, providing long term tenure.
8. The setup suits a working couple or an owner operator combining motel management with external or home based work.
9. Invercargill’s industrial and corporate base is described as supporting steady demand during off peak seasons.
10. The property provides gateway access to the increasingly popular Southern Scenic Route.