Timaru, South Island

Tidy Entry-level Motel Investment in Good Location

Land and Buildings $1,590,000

Business Description

An opportunity here to enter the motel investment market and enjoy the benefits of the relative ease of ownership compared to other property investment classes. A net lease with the lessee responsible for most outgoings, usually meaning a trouble-free bottom drawer investment.

Sited on a generous 2,074 sqm corner site with dual access, the property enjoys good SHW1 exposure.

Eleven units - a good mix being just one studio, 7 x 1-bedroom units and 3 x two-bedroom units.

Plus a separate stand-alone three-bedroom residence is enjoyed by the motel operator.

Our retiring vendor is in a position to assist with finance to a suitable candidate. Entry-level motel investments in this price range can be hard to find.

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. Any boundary lines shown on an image are indicative only.

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

Marketing Agent

John Connelly

Coffeys

Key Investment Insights

AI generated. Confirm details with the seller.

1. Net lease structure with the lessee responsible for most outgoings, indicating low owner involvement and a trouble-free, bottom-drawer investment.
2. Generous 2,074 sqm corner site with dual access, offering operational flexibility and ease of vehicle movement.
3. High visibility and passing trade potential due to strong State Highway 1 exposure.
4. Eleven-unit configuration provides diversification of room types, comprising one studio, seven one-bedroom units, and three two-bedroom units.
5. Separate stand-alone three-bedroom residence provided for the motel operator, supporting on-site management or staff accommodation.
6. Vendor willing to assist with finance to a suitable candidate, enhancing purchase accessibility for investors.
7. Positioned as an entry-level motel investment, rare in this price bracket according to the listing.
8. Some listing details are confidential and require a signed confidentiality agreement to access, suggesting further material is available but restricted.
9. Information Memorandum available for download from coffeys.co.nz, centralising deal and financial documentation.
10. Listing sourced partly from third-party records (RPNZ/Property Guru/Land Information New Zealand), with accuracy unverified, indicating buyers should perform independent due diligence.
11. Contact point specified as John Connelly, facilitating direct enquiry and negotiation.