Motel Business for Sale in Timaru
| Asking: |
$1,250,000 |
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| Turnover: |
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| Type: |
Accommodation |
| Location: |
Timaru |
| High Profile & Attractive Land & Building Investment. Recently Refurbished. Land & Buildings $1,250,000. |
| Business
Description: |
A new 35 year lease commenced on this motel in December 2008, creating a secure land & building investment. The rental has been set at a realistic level, providing growth opportunity in the future. This 14 unit motel has a good mix of units, all with spa baths. It enjoys a main road position, and has a good track record of steady revenue.
The complex was refurbished in recent years and since has been maintained to a high standard. A number of improvements have continued under the present ownership, resulting in a very well presented property, with still potential for further growth.
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| Business
Resources: |
| The owners accommodation has three bedrooms with living area flowing to the office. The residence has a single garage with internal access. The spacious land area of 2,026sqm affords the luxury of all units being ground floor and of spacious dimensions. |
| Contact: |
| Inky Stove from Coffeys Tourism Property Brokers Ltd (Licensed Agent REAA 2008) on 03 550 0471 or 021 182 6940, any time, or email info@coffeys.co.nz (Broker Ad ID: 1010)
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| Listing ID: 22919
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| Listing URL: |
| www.nzbizbuysell.co.nz/22919
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| Recommend: |
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