Larger Complex, Extensively Modernised, Favourable Lease, Financially Impressive.

Be part of Southlands & Invercargills thriving commercial, agricultural and tourist sectors along with top class sport and entertainment facilities via this established successful motel.

 
Two storey complex, on large 2622sqm site, with excellent State Highway 1 street profile.
Prime Tay Street location just 3 minutes drive to city centre.
4 minutes walk to Stadium Southland and the ILT Velodrome.
22 units, immaculately presented following major upgrading.
Versatile mix of spacious, fully self contained studio, 1 and 2 bedroom options.
Nearly all units have been refurbished to a high standard including new chattels.
Larger, private 3 bedroom owners residence adjoins reception. 
Established, favourable extra long lease in place with realistic rent.
Strong, diverse client base of corporate, conference, domestic and overseas tourists.
Top occupancy, turnover and profit are supported by a recent valuation.
The vendors have diligently built and presented this business over the last five years to an impressive standard where an incoming owner can reap the benefits from day one.
Extra option to purchase the freehold of a neighbouring 3 bedroom house. The current owners have been recently running this as motel accommodation in conjunction with their leased business. This property has been substantially modernised, successfully complimenting the motel providing further group and longer stay options. Details available.
An early enquiry regards this very appealing motel opportunity is recommended.
Motel Lease Price: $650,000 Plus GST if any.