Quality Motel High Occupancy High Profits

Timaru
Reference: CA538
Motel / Motor Lodge
Business Lease Offers Over $999,000

This well-known and well operated motel in Timaru has come out the other side of Covid with its best trading year and the results speak for themselves. Plus the 2023/2024 figures just keep getting better.

It's an ASURE Accommodation Group member and is a 4.5 star rated and consistently ranked among the top properties on Tripadvisor in Timaru. A strong loyal corporate and domestic traveller client base.

18 units with an excellent mixture of studios and one & two bedroom units, including a separate 3-bedroom house in the letting pool. Plenty of options here for accommodating guests.

The owners' home is a wonderful spacious 4-bedroom 2-bathroom house with attached reception which comes fully furnished and is presented to a high standard.

The buildings and chattels have been maintained to high standard. The business is supported by a wonderful website and great systems in place for new owners to hit the ground running.

Timaru, being far less reliant on international visitors, is enjoying a very buoyant trading environment, with recent many months breaking records for occupancy and revenue.

Our vendor is retiring and now passing on a financially strong & sound business with a new lease.

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 JOHN CONNELLY on 0800 263339, DDI 03 550 0520 or 021 880 881.

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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.