Timaru, South Island
Great Entry Level Motel in Great Location
Business Lease $595,000
Business Description
This accommodation is aimed at the budget sector of the market and is enjoying very good, consistent occupancy and revenue. Much of this is coming from long term accommodation to companies who wish to house their staff for extended periods.
The complex is comprised of 11 motel units and a further 2 hostel facilities accommodating up to 20 people. Also a 5 bedroom, 2 bathroom house which has been renovated and has the option of to be the accommodation for an owner with a larger family. The current 2 bedroom owners' accommodation could then go back into the letting pool.
The business is currently run under management and the owner wishes to set up a long term lease and let an owner operator take it from here. This presents an opportunity to purchase a very established business at a very opportune price.
We note it is very hard to find an accommodation business in this price range in today's market and a rare opportunity to secure a profitable operation in the tightly held Timaru / South Island accommodation sector.
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 Timaru via our website or by phoning JOHN CONNELLY on ---------- , DDI ---------- or ---------- .
Business Summary
Key Investment Insights
1. This business for sale is a budget motel aimed at the budget sector of the market.
2. The motel has consistent occupancy and revenue, with a significant portion coming from long term accommodation for companies.
3. The complex includes 11 motel units, 2 hostel facilities, and a renovated 5 bedroom, 2 bathroom house that can serve as owner's accommodation.
4. The business is currently run under management and the owner is looking to set up a long term lease.
5. This presents an opportunity for an owner operator to purchase an established business at a good price.
6. It is rare to find an accommodation business in this price range in today's market.
7. The Timaru/South Island accommodation sector is tightly held, making this a desirable opportunity.
8. Some details of the listing are confidential and can only be disclosed after signing a confidentiality agreement.
9. The Information Memorandum is available on the website.
10. The contact person for enquiries is John Connelly, with contact details provided.
