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Pleasant Point, 8 Totara Street

Rare Freehold Motel Opportunity

Price by Negotiation over $845,000 Plus GST (if any)

Listing Number: TI7415
About this listing
The Serenity Motel in Pleasant Point could be what you have been waiting for.
The four unit motel offers a peaceful position, profit and potential for the astute buyer.
Easily run by a couple, or on your own, it is a chance to boost your income. There is also an opportunity to expand to build extra motel units.
Maximum occupancy at the moment is 18 and all units have quality chattels and fittings.
This is an excellent and rare opportunity, especially in this price range if you are considering entering the motel industry.
Bonus three bedroom owners accommodation.
Pleasant Point is a small country town in South Canterbury, situated 20km from Timaru and 86km from Lake Tekapo on State Highway 8.


Please be aware the floor and land area information was sourced from RPNZ/Property Guru and we have not been able to verify the accuracy of the same.
Property Information
  • Approx Floor Area: 390 sqm
  • Property Type: Tourism / Motel / Hotel
  • Property Features: - 1x Studio (2 people max.) - 1x Deluxe One-Bedroom (4 people max.) - 1x Two-Bedroom Economy (5 people max.) - 1x Three-Bedroom Apartment (7 people max.) Three bedroom owners accommodation The 2016 rateable value of the property was $700,000. Chattels additional $20,000 plus GST but must be taken with motel., Building Name: Serenity Motels

Contact Details

Harcourts Timaru

Blackham & Co Real Estate Ltd

Licensed REAA 2008

41 Sophia Street
Timaru
Office website

Property Location

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