Monarch Motel, Business for sale. Reduced by $45,000 by motivated vendor from original asking price!

Property Name: Monarch Motel
Address: 633 Tay Street, Invercargill
Property Type: Motel
Sale Type: Business
Price:
Region: Southland

Long lease offered for a very good business that would ideally suit a couple looking to work together. Having 22 units on hand and not far away from the Ascot Racecourse and Stadium Southland, makes this property an ideal stopover for visiting teams.

Owners residence is extremely good having three large bedrooms, open plan lounge/dining downstairs with a seperate courtyard for private barbecues or entertaining.

The motel is situated on Tay Street which is the main road coming into Invercargill, so has a huge advantage for the drive by business as well. With 31 years still to run on the lease it is deemed to be a very attractive proposition and even if re-sold in a few years will still have a good length of lease to offer.

Invercargill enjoys a lot of corporate business and is one of the centres in New Zealand that is not subject to high and low seasons.  With a very proactive local government adding to the infrastructure of the town as well as the local Licensing Trust who help with community grants via their Charitable Trusts.

Invercargill is also the gateway to Stewart Island and fantatstic fishing around the area can be enjoyed on a day or longer trip as required. An early enquiry would be recommended for this business.

Downloads

Confidentiality Agreement New Monarch.pdf (144.81 KB)