Iconic Motel Good Return
About this business for sale in CanterburyIconic Motel Good Return
The Blue Dolphin motel is a South Canterbury landmark located in Timaru.
Situated on the Main South Highway between Christchurch and Dunedin, Timaru is the gateway to the Southern Alps, Mt. Cook, the high country lakes, McKenzie Country and Mt. John Observatory 'the window to the Universe'.
This well maintained, well presented, 11 apartment motel is a model of simplicity with, clean, warm, comfortable, spacious, home away from home rooms, free onsite parking, free wifi, garden terrace and BBQ facilities.
The motel offers a good mix of unit apartments, – studio, 1 bedroom units, 1 bedroom family units, 2 bedroom units including double storey, and an accessibility unit.
It is situated within easy walking distance to Caroline Bay, the C. B. D., and one minute walk to the new Caroline Bay Aquatic Centre and tennis courts.
Along with a long term lease until 2042 (25 years), there is a strong following of regular guests, school groups, business reps etc.
There is good profitability with reliable trading history.
Owners accommodation is a comfortable, spacious house with 3 double bedrooms, 1 bathroom, 2 toilets, sunroom, large kitchen, office/reception, large garage/carport and 3 sheds for tool storage and work repairs and a private garden area.
Ideal motel opportunity in one of the South Island's lifestyle centres.
+64 3 595 5265
+64 27 220 8787
*Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.