This motel business does not depend on the tourist trade, and income and profit are up this year!
Currently, run as a comfortable budget motel it attracts both travelling public and people working in the area. Located on the main road into Timaru, it is easily seen from the road.
The complex consists of 12 spacious units, a smaller studio and a roomy 3 bedroom managers house with a large sunny balcony overlooking the park and the sea. A great place to relax after a day's work. Also, there is plenty of storage space. Something that not many motels have.
The vendors have undertaken a steady program of refurbishment and maintenance. The interiors of most units have been recently repainted and most of the showers relined, as well as many other improvements gradually being done.
Timaru is growing fast and is not too dependent on international travellers, and is becoming more popular with visitors from all around NZ. Also being only 1 hour from Lake Tekapo many people are staying who want to spend more time in the area, or who are travelling to Queenstown or Dunedin.
A great business for someone wanting to enter the accommodation business and having a lifestyle and a home as well. Easily run either by one, with part-time staff or by a couple doing most of the work themselves.
Priced to sell - only has a short term left on the lease, the landlord is willing to negotiate an extension with new business owners.
Call Sally Everitt - 021 988 138 for further information.
Price $115,000
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