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Affordable Timaru Motel - Great Location!

Timaru Central, Motel ,

$395,000 Plus GST (if any)

Listing Number: CIC47734
About this listing
Homestead Lodge Motel successfully operates as a 13-unit motel in a central Timaru location on the main State Highway 1 thoroughfare through the city. The motel business is secured by a lease which has approximately 22 years to run.

Homestead Lodge Motel is a well-presented motel which is showing good performance, with established regular clientele and forward bookings in place, illustrating the popularity of this business.

The Manager's residence at Homestead Lodge Motel is 2-storeyed, with three bedrooms plus comfortable living area adjacent to the motel reception. Good guest carparking is provided.

Homestead Lodge Motel is in a very handy location, just a short walk from Timaru's iconic Caroline Bay, with restaurants on the city's Bay Hill also within walking distance, as is the city centre. Timaru's CBay Aquatic Centre is also an easy walk from the motel. A supermarket, takeaway outlets and other shops are within a couple of minutes' drive north.

Timaru city is located on the east coast near the middle of the South Island of NZ. The city serves a district of 46,700 people, with a wide rural South Canterbury hinterland. It provides an excellent sporting and social hub for those coming from other areas of the South Island, who require accommodation for the events held in Timaru. It has a protected beach, Caroline Bay, which serves as the focus of an annual Summer carnival. Timaru is also handy to popular trout and salmon fishing rivers. It is an ideal staging point for trips to the MacKenzie Basin, with Lake Tekapo just over 1 hour's drive away, and Aoraki Mt Cook approximately 2.5 hours' drive. Strong tourist numbers have supported excellent custom of motels around the South Island, particularly over the past three to four years, and centres such as Timaru have been able to participate in this tourism boom.

Our Vendors have enjoyed their successful time at Homestead Lodge Motel and are now contemplating their next move in the motel industry, creating a very affordable opportunity for a purchaser.

Viewing of Homestead Lodge Motel is strongly recommended to those who are seeking an easily-operated profitable motel business in a good location - contact Athol to progress your interest further.
Property Information
  • Property Type: Accommodation

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