Timaru, South Island
Freehold Going Concern Opportunity with Options
Land, Buildings and Business $2,795,000
Business Description
A rare opportunity to buy a freehold going concern, giving the purchaser all options available.
Long established and proven motel, hostel and rental complex, well positioned in this busy provincial city. Located on the SH1, the motel enjoys high profile exposure to passing traffic. Close to the town centre, many sporting grounds and, the wonderful Caroline Bay.
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 property is held in three certificates of title. There are 11 motel units and a 7-bedroom hostel at 42 Evans Street. A 4-bedroom rental accommodation, studio unit and 2-bedroom mangers house at 44 Evans Street and, a separate 5-bedroom house at 5 Trafalgar Street which is used as part of the motel operation. Total land area 3,077sqm.
Rare opportunity to secure an accommodation business and property in the tightly held Timaru / South Island accommodation sector.
Please be aware that some of this information may have been sourced from RPNZ/ Property Guru/ Land Information New Zealand and we have not been able to verify the accuracy of same.
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 Land, Buildings and Business of this Motel for sale in Timaru via our website or by phoning JOHN CONNELLY on ---------- , DDI ---------- or ---------- .
Business Summary
Key Investment Insights
1. Rare opportunity to purchase a freehold going concern with multiple options available.
2. Long established and proven motel, hostel, and rental complex.
3. Located on SH1 with high profile exposure to passing traffic.
4. Close proximity to town centre, sporting grounds, and Caroline Bay.
5. Targeting the budget sector of the market with consistent occupancy and revenue.
6. Significant portion of revenue from long term accommodation to companies.
7. Property held in three certificates of title.
8. Includes 11 motel units, 7-bedroom hostel, 4-bedroom rental accommodation, studio unit, 2-bedroom manager's house, and separate 5-bedroom house.
9. Total land area of 3,077sqm.
10. Rare opportunity in the tightly held Timaru/South Island accommodation sector.
11. Some information sourced from reputable sources, but accuracy not verified.
12. Confidentiality agreement required for full disclosure of details.
13. Information memorandum available on website.
14. Enquiries can be made through website or by contacting John Connelly.
15. Contact details: phone number, DDI, and email provided.
