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Ambassador Motor Lodge

$695,000

Business Otago

ID: 1728

Ambassador Motor Lodge

Property Name:
Ambassador Motor Lodge
Address:
296 Thames Highway, Oamaru
Property Type:
Motels
Sale Type:
Business
Price:
$695,000 
Region:
Otago
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Peter Smithies

Peter Smithies

Broker | Balclutha, Dunedin, Invercargill, Oamaru, Timaru

M: 022 391 9593

peter[at]resortbrokers[dot]co[dot]nz

Reasons to buy

  • Location
  • Excellent accommodation
  • Good turnover
  • #1 on TripAdvisor for Oamaru

Peter Smithies

Broker | Balclutha, Dunedin, Invercargill, Oamaru, Timaru

Contact Agent

Peter Smithies

Mob: 022 391 9593

Email: peter[at]resortbrokers[dot]co[dot]nz

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Oamaru Motel Business

Situated in the main motel strip of Oamaru this 11 unit motel, with 21 years remaining on the lease, will give the new owners a good return based on past performance.

Realistic vendors are keen to move on and have priced it to the market.

The owners home consist of three bedrooms, all in good condition and ground level.

The units are all in good condition with most having spa baths and all units offering excellent accommodation from studio to two bedrooms. 

The motel offers off-street parking for all units and all units are ground floor level.

Oamaru has an increasing visitor/tourist population with the local attractions of this charming town. The Victorian centre of the town with it's buildings built of the local stone attract visitors and tourists on a daily basis.  The Victorian centre is packed with curio and antique shops as well as good restaurants close by.

The local blue and yellow penguin colony also attracts worldwide interest from the eco tourists.

All of the above are good reasons if you are looking for a motel business with a good return in a great little town.

 

Disclaimer: We do not accept responsibility for mis-statement or error contained on this site. Interested persons should rely on their own enquiry. All prices are plus GST if any unless otherwise stated. If the transaction is recognised as a going concern then the sale should be zero rated.

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Peter Smithies

Peter Smithies

Broker | Balclutha, Dunedin, Invercargill, Oamaru, Timaru

M: 022 391 9593

peter[at]resortbrokers[dot]co[dot]nz

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