Two Accommodation Complexes for the Price of One!!

Located on the main route through Timaru are two accommodation complexes under single ownership which provide appeal to a wide range of guests, from the corporate market through to the family and tourist market.

The first complex is a well-established and well-maintained motel comprised of 15 modern ground-floor motel units. The unit configuration provides an excellent range of options for guests. These units have benefitted from recent refurbishment undertaken by our Vendors. The accommodation is complemented by a 3-bedroom Manager's/Owner's residence. An attractive website is also in place which attracts guests.

The second complex is an architecturally-designed three-storeyed building containing 10 beautiful units, all finished to a luxury level, with heat pump air-conditioning in all units.

These businesses have established particularly loyal clientele in both parts of the business, providing year-round cashflow.

The location is excellent, on the main State Highway 1 (SH1) route through Timaru city. The high visibility and attractive nature of the combined complex attracts drive-by guests.

These combined businesses offer accommodation for guests ranging from corporate guests, domestic and international visitors, family & sports groups. Both properties share the one reception area making for ease of operation. There are a number of companies who repeatedly choose these businesses as their preferred accommodation option in Timaru.

Timaru is a city of approximately 27,000 people which is located on the east coast near the middle of the South Island of NZ, and services a wide rural South Canterbury hinterland. It provides an excellent location as a sporting and social hub for those coming from other areas of the South Island, and whom regularly require accommodation. It has a protected beach, Caroline Bay, which serves as the focus of an annual Summer carnival, and is handy to popular trout and salmon fishing rivers. It is also an ideal staging point for trips to Lake Tekapo (approx 1 hour's drive), Aoraki Mt Cook (approx 2.5 hours' drive) and the MacKenzie Basin. Strong tourist numbers have supported excellent custom of motels around the South Island, and centres such as Timaru have been able to participate in this tourist growth.

Our Vendors have owned these businesses as a freehold going concern for over two years, but now offer the market the opportunity to purchase the business as a going concern, to allow our Vendors to focus on their other business interests. Consideration would also be given to a purchaser who might additionally seek to separately purchase the freehold interest.

This complex is in a prime location and offers a wide range of accommodation, providing a rare opportunity to purchase a well-performing solidly-based business catering for a broad client base, well-placed to provide strong performance into the future. ENQUIRE NOW!!

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Main Property Features

Listing Number: CIC53222

Property Type:
Tourism / Motel / Hotel, Accommodation
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Licensed REAA 2008

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Harcourts Christchurch City Commercial

Grenadier Real Estate Ltd

Licensed REAA 2008

98 Moorhouse Avenue
City
Christchurch
Office website or View office details

Property Location