Listing #:1417182334

Best Position, Strong Performance, Must view motel

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Location: 28-30 Waihi Terrace, Geraldine, Timaru, Canterbury
Property use: Hotel/Leis­ure
Floor area: 640m2
Land area: 2022m2
Price: Price by negotiatio­n
LEASE FOR SALE

The Geraldine Asure Scenic Route Motor Lodge offers a great opportunity for a Motel Operator to purchase the lease.
This easily managed 4-star motel is centrally located in the lovely township of Geraldine, on the main street and adjacent to the Geraldine shopping center.

The motel features 14 units comprising:
- 3 x King Studio Units,
- 3 x King Spa Studio Units,
- 5 x King plus Single bed Studio Units,
- 3 x Two Bedroom apartments.

Each self-contained unit is equipped with heating/air-conditioning, King Beds, kitchens, 32-inch flat-screen TV with Sky and satellite channels.
The motel is on the main scenic route being a 90 minute (137km) drive south from Christchurch airport and 34km drive from Timaru. Pleasant one hour drive to Lake Tekapo.

The complex was developed Ten years ago and is both modern and appealing with a great street appeal. The current owners work hard to ensure the units are maintained to the highest standards and have re-invested in new bedding and Heat Pumps for a new owner.

Owner's Accommodation: A spacious Owner's residence with 3 Bedrooms, open plan kitchen/dining/ lounge, internal entry garage with a view of the complex.

Asking $699,000 (plus GST if any)

(For a full property pack) Contact Mike Grant (Big Mike) 021 272 0202

Agency reference #: AHB21784
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Price by negotiation
28-30 Waihi Terrace, Geraldine, Timaru, Canterbury
Price by negotiation
Listed: Tue 12 Sep, 11:52 am
Mike Grant ncre
Ray White Ashburton (Mid Cantebury Real Estate Limited), (Licensed: REAA 2008)
  • Contact details
  •  (021) 2720202

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Agent's details

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Mike Grant ncre
Ray White Ashburton (Mid Cantebury Real Estate Limited), (Licensed: REAA 2008)
(03) 3078317
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Expires: Tue 6 Nov, 1:33 pm
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