Entry level motel lease - motivated vendor


131 Evans Street, Waimataitai

Asking Price NZD $295,000 + GST (if any)

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Entry level motel lease - motivated vendor | 131 Evans Street, Waimataitai | 5513588 |      X Close
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Entry level motel lease - motivated vendor


Currently trading better than ever due to the continued growth and consistent bookings in the corporate market the vendors are very motivated and will consider all reasonable offers due to health issues

Overlooking Ashbury Park towards the sea, this 8/9 unit complex along with a two bedroom owner's residence is in good condition returning a consistent and steady profit.

The units range from a studio through to a family unit that can be connected with another to provide for up to six guests. This gives the option to cover most guest requirements. The recently renovated motel units are all double glazed and have been bought up to a high standard.

•Offering potential to build on the existing business

•Can be run by one person with some minimal assistance

•Competitive rent as percentage of revenue

•Overlooking Ashbury's tree-lined park

•Ideal additional income stream with a home included

•Good lease term of 29 years remaining with competitive rent.

Timaru has been a consistent performer with good corporate clientele, and this will continue into the future.

Ideal entry level motel or additional income source.

Call now for more information or to book a viewing.

131 Evans Street, Waimataitai

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