Broker | Balclutha, Dunedin, Invercargill, Oamaru, Timaru
Situated in the main motel strip of Invercargill with 33 years remaining on the lease and providing a good return on investment.
The managers spacious 2 bedroom unit is in good condition and includes a private front lawn.
The 10 motel units are in good condition with recent work on many of them.
The main configuration of the units are one-bedroom and guests are mainly corporates.
The motel is close to the CBD of Invercargill and other attractions including Bill Richardson Transport World, the Sports Stadium and the Cycling Velodrome.
Invercargill is a fast-improving city of the south and with new shopping areas, educational facilities and other improvements planned it has become very popular in recent times.
All the above are good reasons if you are looking for a motel business with a good return in a progressive city.
Approximate Yield: 25%
Contact me to view this property.
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