Freehold Motel – motivated vendor

The Panorama Motor Lodge occupies a prime Caroline Bay location with excellent access to arterials and key demand drivers. This passive investment also benefits from the economic diversity of Timaru being strongly backed by agriculture, forestry, fishing and manufacturing industries.
To summarise the highlights:

• 1,470 sqm freehold landholding on a high‑profile elevated site
• Two well-presented accommodation blocks (Bay Block + Alpine Block)
• Well‑maintained improvements and ongoing refurbishment plan
• Appealing motel configuration with a mix of studio, one‑bedroom, and two‑bedroom units (21 units in total plus owners townhouse)
• Secure 33 year lease in place to 2059
• Yearly income $252,000 + GST + outgoings (next market rent review 2027)
• Buildings at 68% and 100% NBS

Properties of this calibre on The Bay Hill are tightly held and it is the first time this property has been offered to the open market. With strong location fundamentals, a varied unit mix, plus a reliable tenant, this is an exceptional opportunity for investors seeking quality commercial accommodation real estate.