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Property Ref: 4835
Homestead Lodge, Motel Business for Sale in Timaru
Homestead Lodge is the Perfect First Motel Business!
If you are looking for your first Motel business at an affordable price this ticks the boxes. It features 13 very presentable units on a prime State Highway 1 (main road) location and, most importantly, is a good performer showing consistently sound returns. With established regular clientele and a great pipeline of forward bookings, this continues to be popular ‘mid-priced’ accommodation.
- Great exposure, situated on the main street
- 13 Bedroom motel, some of them being self-contained
- 2 Studio apartments
- Tidy and well maintained units
- Fantastic revenue and profitability
- Plus a large three-bedroom House!
The comfortable 3-bedroom on-site Manager’s residence is well designed with the Motel reception adjoining the generous living area. This provides a convenient management space.
This business is underpinned by a secure long lease, with 22yrs still remaining.
Guests are attracted by this Motel’s great location – it is relatively easy walk to Timaru’s iconic Caroline Bay and Aquatic Centre and the restaurants on the city’s Bay Hill. A supermarket, takeaway outlets and other shops are also within an easy drive.
If you wish to add further scale to the business then there may also be an opportunity to lease a modern house to the rear of the Motels. This complements the Motel business and has proved to be a very popular with families and large groups.
Don’t delay, contact me today for the full details!
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4835: Homestead Lodge | Financials I
4835: Homestead Lodge | Financials II
4835: Homestead Lodge | Lease 1
4835: Homestead Lodge | Lease 2
4835: Homestead Lodge | Financial Reports 2021
Sale TypeLeasehold Interest (Business)
Physical Address28 Evans Street, Timaru, 7910
PriceACCOMMODATION BUSINESS FOR SALE, asking $525,000 +GST if any
Dilan De SilvaTourism, Hospitality & Leisure Business Broker
Upper South Island
International: +64 27 444 9692
NZ Mobile: 027 444 9692