Oamaru, South Island
New 35 Yr Lease - 30 Units - Wonderful Opportunity
Business Lease $850,000
Business Description
A substantial motel business situated on the busy SH1 just north of the town centre. Close to Centennial Park Sports Grounds, Oamaru Racecourse and secondary schools.
This 30 unit motel business with new 35 year lease and stepped rent creates a wonderful opportunity.
The business has recently secured a significant long-term corporate booking for 22 units for 6 months, starting September 2025. This booking has been made at the normal daily unit rates. It is likely that the small number of remaining units available will achieve very high occupancy.
Local stadium development is almost underway and creating a further need for accommodation in the area.
Oamaru, the largest town of the Waitaki District, has a rich history and proud heritage, enriched by the passionate and perhaps quirky locals.
Tourists love to explore this heritage in the Victorian Precinct. Foodies will love the area and nature lovers can visit the Oamaru Blue Penguin Colony, stroll through the Oamaru Public Gardens, or mountain bike at the Cape or Oamaru Reservoir.
Potentially you may wish to consider the purchase of the Freehold Going Concern available in conjunction with the listing for the land and buildings.
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 Oamaru via our website or by phoning JOHN CONNELLY on ---------- , DDI ---------- or ---------- .
Business Summary
Key Investment Insights
1. Located on busy SH1, providing high visibility and easy access for guests.
2. Close proximity to popular sports grounds, racecourse, and secondary schools, increasing potential for bookings.
3. New 35 year lease with stepped rent, creating a stable and profitable investment opportunity.
4. Recently secured a significant long-term corporate booking for 22 units, ensuring high occupancy and potential for increased revenue.
5. Local stadium development underway, increasing demand for accommodation in the area.
6. Oamaru has a rich history and proud heritage, attracting tourists to explore the Victorian Precinct and other local attractions.
7. Potential for additional revenue through the purchase of the Freehold Going Concern.
8. Confidential details available upon completion of a confidentiality agreement.
9. Information Memorandum available on the website for interested buyers.
10. Experienced and knowledgeable real estate agent available for enquiries and further information.
