Timaru, South Island
Powerhouse Timaru Opportunity Two Adjacent Motels
Business Leases $1,780,000
Business Description
We are proud to present this rare Timaru opportunity. Both motels are well maintained in and out with great street appeal on SHW 1 close to the wonderful Caroline Bay restaurants and shopping.
The business has a steady and consistent financial history and continues to trade strongly in the buoyant Timaru accommodation market, which relies less on international visitors and has a steady domestic and year-round corporate market.
One complex offers 13 units with a good unit mix; 4 x 2-bedroom units, 1 x 1 bedroom unit and 8 studios. A separate self-contained 3-bedroom apartment with balcony is the managers residence.
The other complex offers a great mix of accommodation, a high proportion of larger units, particularly for such a modern complex. 14 suites in total, including a three-bedroom two-bathroom apartment, catering to a full cross-section of the market.
Excellent owner's accommodation, with three bedrooms (master ensuite) and the unusual distinction of being all ground level. Plus the second manager's apartment which could be added to the accommodation pool.
If looking for an opportunity in a town renowned for steady business, then this one should certainly be investigated.
The vendors have such faith in this business that they are prepared to offer generous vendor finance to assist a qualified purchaser.
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
Key Investment Insights
1. Two adjacent motels on SHW 1 in Timaru, providing scale and operational synergies and strong street appeal near Caroline Bay restaurants and shopping.
2. Well maintained properties, described as attractive in and out, supporting immediate guest readiness and curb appeal.
3. Established, steady and consistent financial history, currently trading strongly in the local accommodation market.
4. Timaru market reliance on domestic and year-round corporate demand reduces exposure to international visitor volatility.
5. Combined unit count provides diversification of accommodation types and revenue streams across short and longer stays.
6. First complex: 13 units with a balanced mix, specifically 4 two‑bedroom units, 1 one‑bedroom unit and 8 studios, plus a separate self‑contained three‑bedroom manager’s residence with balcony.
7. Second complex: 14 suites including a three‑bedroom, two‑bathroom apartment and a high proportion of larger units for a modern complex, catering to broader market segments.
8. Strong on-site staffing and operational flexibility with excellent owner’s accommodation (three bedrooms, master ensuite, all ground level) and a second manager’s apartment that could be added to the letting pool.
9. Attractive financing incentive, vendors prepared to offer generous vendor finance to assist a qualified purchaser.
10. Additional commercial detail available via an Information Memorandum, with some information confidential and subject to a confidentiality agreement.
