Immaculate Entry Level Motel at $395,000.

This 10 unit complex (six with spa baths) is presented in excellent condition and has a good mix of units catering for a cross section of the market. This motel is an easier one of its type to operate and offers an opportunity to enter this industry at very reasonable ingoing. Turnover is up year on year and for a new owner there remains good potential for continued growth.

It is difficult to find a well presented motel business with a good lease in this price range these days. Revenue trends are upward, not just for this property but also for the city of Timaru.

Further potential remains to increase revenue through marketing initiatives. A spacious four bedroom residence with private yard completes the picture. The good long lease of this complex is available at $395,000.