Coffeys - Tourism Property Brokers ltd. | LREA

30 years in business. 1984 - 2014

Rare Accommodation Property & Business Ownership - Presents Golden Opportunity!

Timaru

Reference: 1387

Land, Buildings & Business $2,495,000 Negotiable

  • Large strategic land holding on Timaru’s golden motel strip, being high profile prime Evans Street (SH1) location.
  • Long established and proven motel, hostel and backpackers complex, well positioned in this busy provincial city.
  • The property is held in three certificates of title. There are 11 motel units and a 7-bedroom hostel at 42 Evans Street, 4-bedroom backpacker’s accommodation, studio unit and 2-bedroom mangers house at 44 Evans Street and a separate 5-bedroom house at 5 Trafalgar Street which is used as part of the motel operation. Total land area 3,077sqm.
  • This accommodation is aimed at the budget sector of the market and obtains consistent occupancy and revenue. A good client mix including, tourists, domestic travellers and long stay workers.
  • Great security, with lack of competition in this market sector and mixed income streams providing a strong cash flow business.
  • Further potential to add value and build on an established business.
  • Close proximity to Caroline Bay, Aquatic Centre, Northtown Mall and the Town Centre.
  • Business currently under management with vendor divesting investment portfolio and looking to achieve a sale.
  • Recent property and business valuation available.
  • Rare opportunity to secure an accommodation business and property in the tightly held Timaru / South Island accommodation sector.

We would welcome your enquiry on this motel and backpackers for sale in Timaru via this website or by phoning ADAM BERRY on 0800 263339, DDI 03 550 0520 or 021 409 441.

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