Key Investment Insights
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1. Seven spacious ground floor units provide a varied accommodation mix, including studios, one bedroom apartments and a two bedroom apartment.
2. The motel is centrally located, within a five minute walk of major Invercargill attractions, Stadium Southland and the Cycling Velodrome.
3. The distinctive hacienda style, fresh white exterior and new black roof create a prominent roadside presentation from SHW 1.
4. All units have parking directly outside, supported by a covered walkway for convenient guest access.
5. The owner’s residence provides rent free accommodation, with three bedrooms, two bathrooms, ensuite, walk in wardrobe and private garden courtyard.
6. The lease runs until November 2041 and includes one ten year right of renewal.
7. The owner operator structure may suit a couple, including one person operating the motel while the other works externally.
8. Invercargill’s industrial and corporate base supports demand, including during traditionally quieter seasons.
9. The property provides proximity to Invercargill attractions and access to the Southern Scenic Route.