Hotel Motel Leisure for Lease

28-30 Waihi Terrace Geraldine, Timaru District 7930

Price Upon Application
  • Building: 640m²
  • Land: 2,022m² (0.5 acres)

Inspections are available by appointment only. Contact the agent to request an inspection.

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Hotel Motel Leisure for Lease in Geraldine

SCENIC ROUTE MOTOR LODGE

  • Building: 640m²
  • Land: 2,022m² (0.5 acres)

The Asure Scenic Route Motor Lodge offers a great opportunity for a Motel Operator to purchase the lease.
This easily managed 4-star motel is centrally located in the lovely township of Geraldine, on the main street and adjacent to the Geraldine shopping center.

The motel features 14 units comprising:
- 3 x King Studio Units,
- 3 x King Spa Studio Units,
- 5 x King plus Single bed Studio Units,
- 3 x Two Bedroom apartments.
Each self-contained unit is equipped with heating/air-conditioning, King Beds, kitchens, 32-inch flat-screen TV with Sky and satellite channels.
The motel is on the main scenic route being a 90 minute (137km) drive south from Christchurch airport and 34km drive from Timaru. Pleasant one hour drive to Lake Tekapo.

The complex was developed Ten years ago and is both modern and appealing with great street appeal. The current owners work hard to ensure the units are maintained to the highest standards and have re-invested in new bedding and Heat Pumps for a new owner.
Owner's Accommodation: A spacious Owner's residence with 3 Bedrooms, open plan kitchen/dining/lounge internal entry garage with a view of the complex.

Asking $740,000 (plus GST if any)

(For a full property pack) Contact Mike Grant 021 272 0202 .......................
For Finance information;
Loan Market
Mark Caldwell
Mortgage Advisor M:027 249 6377 E: mark.cauldwell@loanmarket.co.nz

Building:

640m²

Land:

2,022m² / 0.5 acres

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