Entry level live-in Business for Sale

This well-established 13 room 3-star motel is located on the main road north into Timaru.
The complex includes an on-site well-appointed manager's residence with three bedrooms and views over Caroline Bay. Situated only a short drive of 1.3km (4 mins) into Timaru Town Centre and Caroline Bay beach only a few more minutes away.
The 13 accommodation units comprise 3 two-bedroom apartments, 9 one-bedroom apartments and 1 studio unit. Each have a balcony and a dining area. Rooms offer a flat-screen TV with satellite channels, along with tea and coffee making facilities. All rooms have a shower and separate toilet, along with such amenities as bath sheets. Some rooms boast views of the sea. All rooms have Wi-Fi and parking on site.
This well-established business boasts an average 80% occupancy ratio with the summer being the peak season.
If you are looking for a well-established business with reliable clientele and a proven track record then this one should be on your shopping list.

Note: Motel business for sale only.
Current lease runs to 31 August 2044.

Please be aware that this information may have been sourced from REINZ/Property Smarts/Land Information New Zealand/the relevant local authority/CERA and we have not been able to verify the accuracy of the same.

Agency reference #: HHC5298