Tidy Entry-level Motel Investment in Good Location

Timaru
Reference: CA627
Motel / Motor Lodge
Land and Buildings $1,590,000

An opportunity here to enter the motel investment market and enjoy the benefits of the relative ease of ownership compared to other property investment classes. A net lease with the lessee responsible for most outgoings, usually meaning a trouble-free bottom drawer investment.

Sited on a generous 2,074 sqm corner site with dual access, the property enjoys good SHW1 exposure.

Eleven units - a good mix being just one studio, 7 x 1-bedroom units and 3 x two-bedroom units.

Plus a separate stand-alone three-bedroom residence is enjoyed by the motel operator.

Our retiring vendor is in a position to assist with finance to a suitable candidate. Entry-level motel investments in this price range can be hard to find.

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. Any boundary lines shown on an image are indicative only.

An Information Memorandum is available to download from our website coffeys.co.nz.

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

We would welcome your enquiry via this website or direct to JOHN CONNELLY.

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John Connelly

John Connelly has been involved in the Real Estate Industry since 1988 and has sold property in New Zealand, Australia and Fiji. He has also had business interests and experience in Tourism, Property Development, Business Management and Farming.

His tourism experience is broad, having owned and operated a number of accommodation and hospitality businesses. These include a 42 unit Motor Inn in Christchurch, Management Rights (92 units) on the Gold Coast, an Island Resort in Fiji ,as well as a Cafe & Restaurant/Bar in Christchurch.

John understands and relates well to people, having a common sense approach to business propositions, along with strong communication and negotiation skills. He welcomes new clients with property or businesses to sell and will work diligently with them to transact a successful sale.