97 King Street, Timaru
From $4,490,000 + GST (if any)
2,446m2
1,020m2
+18
Ashley Motor Lodge Timaru
Situated at Timaru's southern end, this motel thrived during the pandemic, achieving its best trading year in recent memory. It proudly holds a 4.5-star rating within the esteemed ASURE Accommodation Group and consistently ranks high on Trip Advisor in Timaru. With 17 well-designed units, from cosy studios to spacious one- and two-bedroom options, and a separate three-bedroom house, it caters to a diverse client base, including corporate and leisure travellers. Notably, this setup integrates utility, rate, insurance, telecom, and periodical costs into the business model, relieving owners of typical expenses. The infrastructure and assets are well-maintained, requiring minimal immediate expenditure. A robust website and operational system ensure a seamless transition for new owners. This is an ideal opportunity to acquire a profitable business with a solid reputation. It includes a four-bedroom owner's residence with 2 bathrooms, a spacious living area connected to the reception area, and a single garage used for storage. The motel consistently delivers excellent returns and strategically sits near SH1 and the hospital. All serious offers are welcome due to high occupancy rates and a loyal clientele. This property is a promising business endeavour or investment diversification opportunity worth serious consideration.
97 King Street, Timaru
Web ID
TMC171201
Floor area
1,020m2
Land area
2,446m2
District rates
$17,791.50 (Motel) $3498.59 (House)pa
LV
$460,000 & $155,000
RV
$2,780,000