Iconic Blue Dolphin Motel

Price reduced - vendors want action. Business for sale - $299,000 Plus GST (if any) - plus freehold opportunity.

The Blue Dolphin has been an icon on State Highway 1 in Timaru for many years. A profitable 11 -unit motel caters for a diverse clientele and after 8 years our motivated owners wish to retire. The units are very well maintained and presented and with 22 years left on lease it is a wonderful opportunity. The freehold can be negotiated as part of the business sale but is not available separately.The owner's accommodation is a very comfortable three bedroom home. Do not delay.

Please be aware the floor and land area information has been sourced from Property Smarts/Property Guru and we have not been able to verify the accuracy of the same.

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Main Property Features

Listing Number: TI7703

Business Name:
Blue Dolphin Motel
Property Type:
Tourism / Motel / Hotel, Accommodation
Lease details
  • Rent $: 70,000
  • Start: 17/10/2017
  • To: 17/10/2042
  • ROR: 17/10/2042
Other comments:
11 Units • One Bedrooms • 6 x one bedroom ground floor apartments • 1 x one bedroom ground floor apartment • 1 x one bedroom executive studio apartment • Two Bedrooms • 1 x two bedroom ground floor apartment • 2 x two bedroom split level apartments
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Harcourts Timaru

Blackham & Co Real Estate Ltd

Licensed REAA 2008

41 Sophia Street
Timaru
Office website or View office details

Property Location