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.

This 30-unit motel business with new 35-year lease and stepped rent creates a wonderful opportunity.

The motel sits alongside the Phoenix Complex that houses Tenpin Bowling, Gaming lounge, Restaurant, Bar and Function centre.

Located nearby is the new indoor sports and recreation hub for Oamaru. Network Waitaki Event Centre has been built to support schools, clubs and the wider community. The centre features six indoor courts, a flexible training space, retractable seating, viewing areas and inclusive facilities for people of all ages and abilities. Phase 2 of the project will build a covered grandstand, attached to the events centre building, and aligned with the Centennial Park main pitch.

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.

An Information Memorandum is available to download from our website coffeys.co.nz.

Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement, included in the Information Memorandum.

We would welcome your enquiry via this website or direct to JOHN CONNELLY.

Business Summary