Two Outstanding Accommodation Options, One Price!

Timaru

$1,050,000

Proposed Usage
Tourism & Hospitality
Description:
Property ID
1bpmq4t



We have been favoured with instructions to offer two jointly-operated accommodation businesses at one great price.

What is offered is a combination of a well-established 15-unit 4-Star motel, together with 10 new superior luxury-accommodation apartments, to provide a complex with wide guest appeal.

Located in Timaru, South Canterbury, on the main SH1 route through the city, this complex offers a superb opportunity to an operator to own a successful business, with a new secure 35-year lease and reasonable rental.

The new apartments, which feature exquisite views over the city, the coast, and (from the penthouse suites) to Aoraki Mt Cook are already attracting strong demand with excellent occupancy.

The complex offers the opportunity to appeal to a wide range of guests, from contractors to corporate and tourists.

The potential exists to further extend the apartments in the next stage of development, and the purchaser would be offered first right of refusal to take up this option, providing future growth.

The opportunity to purchase a business of this type in such a prime location is rarely offered, and early enquiry to the Sole Agent is encouraged to ensure your interest is registered - make the move today!
Ref: 15924
Timestamp: 20170524054817

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