Affordable Motel Lease
About this business for sale in CanterburyAffordable Motel Lease
Start your motel ownership career with this easy to manage, affordable complex in one of the South Island's lifestyle centres.
Situated on the Main South Highway at TImaru opposite attractive Caroline Bay, easy walking distance to the new Caroline bay Aquatic Centre, 15 minute walk to CBD and 5-10 minute walk to supermarket and restaurants.
Timaru is situated midway between Christchurch & Dunedin on the Main South Highway and is gateway to Mt. Cook and the Southern Alps, high country lakes, stargazing observatories and much more.
This soundly built 10 unit complex has a good mix of units, including 2 storey townhouses, all with carports and good cooking facilities.
Owners accommodation comprises a 4 bedroom house with outdoor area, separate office and reception.
Ideal for a couple to operate.
Long term lease.
Further potential for growth.
+64 3 366 3394
+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.