500 Thames Highway, Oamaru, Waitaki

A substantial motel business situated on the busy SH1 just north of the town centre. Close to Centennial Park Sports Grounds, Oamaru Racecourse and secondary schools.This 30-unit motel business with new 35-year lease and stepped rent creates a wonderful opportunity.Local stadium development will create further need for accommodation in the area.Oamaru, the largest town of the Waitaki District, has a rich history and proud heritage, enriched by the passionate and perhaps quirky locals. Tourists love to explore this heritage in the Victorian Precinct. Foodies will love the area and nature lovers can visit the Oamaru Blue Penguin Colony, stroll through the Oamaru Public Gardens, or mountain bike at the Cape or Oamaru Reservoir.Potentially you may wish to consider the purchase of the Freehold Going Concern available in conjunction with the listing for the land and buildings. An Information Memorandum is available to download from our website coffeys.co.nz.Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement, included in the Information Memorandum.We would welcome your enquiry on the Business Lease of this Motel for sale in Oamaru via our website or direct to JOHN CONNELLY.