Outstanding Timaru Motor Lodge Opportunity!

Timaru

$695,000

Proposed Usage
Tourism & Hospitality
Description:
Property ID
1brg3ql



Attractive, "super modern" 12-unit Motor Lodge in a key highly visible location in Timaru. Close to popular Timaru attractions - Caroline Bay as well as the popular Caroline Bay Aoraki Trust Aquatic Centre and Gym complex, and just a short stroll to restaurants, cafes, etc.

Spacious 2/3-bedroom plus garage private Manager's residence.

Excellent off-street parking.

Good lease, reasonable rental.

The exterior has recently been completely repainted.

Timaru is a city of approximately 27,000 people located on the east coast near the middle of the South Island of NZ on State Highway 1 (the main route).

The city services a wide rural South Canterbury hinterland, and provides an excellent location as a sporting and social central point for those coming from other areas of the South Island, who 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.

This represents an opportunity to purchase a well-established motel business performing well, but still with excellent upside potential. Call today!
Ref: 19632
Timestamp: 20170325044558

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