0800 263 339

Newest Motel in Town - Long Lease - Great Figures

Timaru
Reference: CA103
Motel / Motor Lodge
Business Lease $895,000

Covid? What Covid? Business is great!

The developers of the property have a great deal of experience in the operation and construction of motel accommodation, and this is evident in the design, layout and fit out of this complex.

Timaru, being far less reliant on international visitors, is enjoying a very buoyant trading environment. The business continues to trade strongly in the current environment, in fact producing record months in recent times.

A great mix of accommodation, a high proportion of larger units, particularly for such a modern complex. 14 suites in total, including a three-bedroom two-bathroom apartment, catering to a full cross-section of the market.

Excellent owner's accommodation, with three bedrooms (master ensuite) and the unusual distinction of being all ground level.

This business has an excellent track record of impressive revenue and profitability. Top this off with a long lease and this one would be hard to beat. If looking for a prestigious motel in a town renowned for steady business, then this one should certainly be investigated.

Please be aware that some of this information may have been sourced from RPNZ/ Property Guru/ Land Information New Zealand and we have not been able to verify the accuracy of same.

Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement, included in the Information Memorandum available on our website.

We would welcome your enquiry on the Business Lease of this Motel for sale in Timaru via our website or by phoning KELVYN COFFEY on 0800 263339, DDI 03 550 0459 or 027 432 0565.
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Kelvyn Coffey

Kelvyn Coffey has specialised exclusively in the sale of commercial accommodation businesses since 1984, with the forming of a company then known as South Island Motel Brokers Ltd. The business enjoyed success in the industry throughout the 1980's, with expansion of its activities into hotel brokerage (pubs and taverns) and later general business brokerage.

Having sold his interests in that agency, (which still operates today under a different name) he formed this company in 1995. The reason being that he wished to re-focus on specialising exclusively in travellers’ accommodation businesses. In 1996, he was appointed as the South Island consultant to the Motel Association of New Zealand.

For many years, he provided advice and information to Motel Association of New Zealand members as part of the benefit of their membership.  MANZ merged with Hospitality New Zealand in 2015.   HNZ continues to receive many questions on matters relating to leases, rentals, market trends etc., and he is happy to receive and assist with a steady number of enquiries from the team at HNZ.

Kelvyn also sits on the Industry Advisory Group to the Real Estate Authority for Business Brokerage. The REA is the government body controlling and regulating the Real Estate Industry. They seek advice and feedback from the group, which meets with the authority twice yearly, and consults when required.

From small beginnings in the South Island in 1984, (in those days no one had heard of a specialist “motel broker”), Kelvyn is proud to now run a nationwide company with a brand that is well recognised and respected within the industry throughout New Zealand.  He appreciates his good fortune in having been able to build a team of dedicated and professional brokers with support crew second to none.

Kelvyn has seen the economic highs and lows and is happy to share his experience with anyone contemplating entering the business. He lives in Christchurch, happily married to Colleen since 1988, with four (now adult) children. When time permits, hobbies include cycling (no lycra), snowboarding, photography, reading and hi-fi.

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